What is Motor Spindles Market?
Motor spindle is a small, electric motor with high-precision, high-reliability which is used to rotate the shaft, or spindle, on which the platters are mounted in a hard disk drive. Motor spindles do not rely upon an external motor to provide torque and power, and the motor is included as an integral part of the spindle shaft and housing assembly. This allows the spindle to rotate at higher speeds as a complete unit, without the additional limitations of belts or gears.
The market study is being classified by Type (Rolling Motor Spindles, Air Bearing Motor Spindles, Liquid Journal Motor Spindles and Others), by Application (PCB Industry, Consumer Electronic, Machinery Manufacturing, Automotive and Aerospace and Others) and major geographies with country level break-up.
Fischer Precise (United States), Westwind (United States), Kessler (Switzerland), Siemens (Germany), Guangzhou Haozhi (China), IBAG Group (Egypt), Nakanishi (Japan), GMN (Canada), Air Bearing (United Kingdom) and Alfred Jäger (Germany) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Step-Tec (Switzerland), Posa (United States), KLKJ (China) and SycoTec (Germany).
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Motor Spindles market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Motor Spindles market by Type, Application and Region.
On the basis of geography, the market of Motor Spindles has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Wide range of applications of motor spindle is fuelling the market growth
Market Trend
- Technological advancements
Opportunities
- Demand for high precision and effective products
- Increased investments are boosting the market
Challenges
- Stiff competition among the major players
In July 2019 - Changes in health care are driving more innovative tooling, including new machining strategies and complex cutting tools that help deliver more patient-centered solutions. NSK America Corp is achieving the ultra-tight tolerances of contemporary medical components requires spindle speeds often in the 60,000- to 80,000-rpm range. NSK America Corp. is seeing increasing demand for its iSpeed3 high-speed spindles for medical applications.
Key Target Audience
Manufacturers, Raw material suppliers, Government associations, Research organisations and Others