Global High-Speed Spindle Market Set to Reach USD 4.75 Billion by 2031, With a Sustainable CAGR Of 5.4% | Growth Market Reports

PUNE, India, Jan. 30, 2023 /PRNewswire/ -- According to a recent market study published by Growth Market Reports, titled, "High-Speed Spindle Market by Product Type (Rolling Spindles, Air Bearing Spindles, Liquid Journal Spindles, and Ball Bearing Spindles), End-user (PCB Industry, Consumer Electronic, Machinery Manufacturing, Automotive and Aerospace, and Others), Sales Channel (Offline and Online), and Region: Size, Share, Trends and Opportunity Analysis, 2023-2031", the market size was USD 2.96 Bn in 2022 and is expected to reach USD 4.75 Bn, expanding at a CAGR of 5.4% by the end of 2031. The global market growth is attributed to the increasing usage of high-speed spindles to enhance performance across various industries.

Key Market Players Profiled in the Report

• ABTech Inc.
• FISCHER Spindle Group AG
• GF Machining Solutions Management SA
• GMN PAUL MÜLLER INDUSTRIE GMBH & CO. KG
• Guangzhou Haozhi Industrial Co., LTD
• IBAG Deutschland GmbH
• KEBA
• KLKJ Group Corporation Limited
• Nakanishi Inc
• Samwoo Hi-Tech SycoTec GmbH & Co. KG
• Shenzhen SuFeng Technology Co., Ltd
• WEISS Spindeltechnologie GmbH (Siemens)
• Haas Automation, Inc
• NSK Ltd

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The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include vehicle product type, end-user, and competitor analysis.

This report also includes a complete analysis of industry players and covers their latest developments, product portfolio, pricing, mergers, acquisitions, and collaborations. Moreover, it provides crucial strategies that are helping market players to expand their market share.

Highlights on the segments of the High-Speed Spindle Market

Based on product type, the market is segmented into rolling spindles, air-bearing spindles, liquid journal spindles, and ball-bearing spindles. The rolling spindle segment is expected to hold a considerable share of the market during the forecast owing to its high-performance and cost-efficient bearing solutions in the automotive industry.

Based on end-user, the global high-speed spindle market is fragmented into the PCB industry, consumer electronics, machinery manufacturing, automotive & aerospace, and others. The automotive & aerospace segment holds a key share of the market. Owing to the wide usage of types of machinery and spindles in the high-speed spindle automotive sector.

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Based on the sales channel, the market is bifurcated into online and offline. The offline segment held a substantial share of the market in 2022 owing to benefits of easy return or replacement of products.

In terms of region, the global high-speed spindle market is classified into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The market in North America is expected to hold a major market share owing to the presence of a huge automotive market and increasing demand for high-speed spindles across various industries.

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Key Takeaways from the Study:

• The rapid adoption of the high-speed spindle across various industries such as machinery manufacturing, consumer electronics, PCB industry, and others can drive the global market.
• Technological advancements in the high-speed spindle to be more accurate, more powerful, and generate less heat than conventional ones can create new opportunities for the global market during the forecast period.
• Various companies and research institutes are engaging in research to develop high-speed spindles for micro and large drilling applications which can boost market growth.
• High-speed spindles are generally used when the rotational rates and associated cutting speeds of an old machine tool model are insufficient for a machining process.
• High installation and maintenance costs associated with high-speed spindles are expected to hamper the market.

Read 214 Pages Research Report with Detailed ToC on "High Speed Spindle Market by Product Type (Rolling Spindles, Air Bearing Spindles, Liquid Journal Spindles, and Ball Bearing Spindles), End-user (PCB Industry, Consumer Electronic, Machinery Manufacturing, Automotive and Aerospace, and Others), Sales Channel (Offline and Online), and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast, 2023 – 2031"

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Key Segments Covered

Product Type

• Rolling Spindles
• Air Bearing Spindles
• Liquid Journal Spindles
• Ball Bearing Spindles

End User

• PCB Industry
• Consumer Electronic
• Machinery Manufacturing
• Automotive and Aerospace
• Others

Sales Channel

• Offline
• Online

Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

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