According to a recent market study published by Growth Market Reports, titled, “Global High Speed Spindle Market by product types, by end-user, by sales channel, and by region: Size, Share, Trends and Opportunity Analysis, 2015-2030”, the market was valued at US$ 2,825.2 Million in 2021 and is anticipated to grow at a growth rate of 4.8% by the year 2030.

A high speed spindle is a type of rotating machine tool that supports the axis of rotation with bearings and rotates at speeds that are significantly higher than those of conventional machines. The maximum speed of a high-speed spindle is dependent on a variety of factors, including the size of the tooling, the power of the motor, and the bearing diameter. Every bearing is designed to operate at its full working speed for its entire useful life. Small high-speed spindles have a maximum speed of 180,000 RPM, and practical milling and drilling speeds between 20K and 50K are usual.

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The Global High Speed Spindle Market has been segmented in terms of product types, end-user, sales channel, and region. In terms of product type, the global high speed spindle market is split into rolling spindles, air bearing spindles, liquid journal spindles, and ball bearing spindles. Based on the end user, the market is divided into PCB industry, consumer electronic, machinery manufacturing, automotive and aerospace, and others. On the basis of the sales channels, the market is fragmented into offline and online. Considering regions, the market is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

The lockdowns impacted the global manufacturing sectors. The worldwide lockdown to minimize the transmission of the virus significantly disrupted supply chain activities and reduced the production of commodities, goods, and services. Furthermore, restrictions were enforced on foreign trade due to the closure of international borders, non-operational distribution channels, and various government norms to take precautionary measures for public health and safety.

Since the beginning of the COVID-19 outbreak, the high speed spindle market has impacted the manufacturing of electronics components globally. Moreover, this outbreak severely hampered the automotive and electronics industries, as their workforces were shut down for safety and to prevent the spread of COVID-19.

Companies operating in the high speed spindle market had to make tough choices in the supply chain during the pandemic and post-pandemic recovery period. Some companies regulating the market were severely impacted, which marginally hampered the high speed spindle market. As per growth market reports industry analyst Raksha Sharma, “Rising demand for high-speed spindles from various end-user industries and technological advancement in high-speed spindles are expected to contribute to the growth of the global High-Speed Spindle market. The market has a negative impact due to COVID – 19, but it is expected to grow at a substantial pace during the forecast period.

Key Takeaways from the Study

  • The players in the global High Speed Spindle market include 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. These hold a major market share of the global High Speed Spindle market in the year 2021.
  • Recent technological advancements in high-speed spindles enable them to be more accurate, more powerful, and generate less heat as compared to conventional spindles. These factors drive the High Speed Spindle market. However, growing demand for high-speed spindles from various end-user industries, such as PCB industry, machinery manufacturing, consumer electronics, automotive, and aerospace, is anticipated to boost the market during the forecast period.
  • Growing investments in research and development activities by key players, which are expected to create opportunities in the coming years. Increasing automation in various manufacturing industries, creating lucrative opportunities for market growth.
  • Based on product types, the market is segmented into a rolling spindles, air-bearing spindles, liquid journal spindles, and ball-bearing spindle. The rolling spindle segment is expected to hold a considerable share of the market during the forecast period. The significant characteristics of these spindles are robust performance, reduced bearing preload, and high operating speeds.
  • Based on end-user, the market is segmented into the PCB industry, consumer electronics, machinery manufacturing, automotive & aerospace, and others. The extensive utilization of air and ball-bearing spindles products in the automotive industry for vehicles and trains is driving the market growth of high speed spindle during the forecast period.
  • Based on sales channel, the market is bifurcated into online and offline. The offline segment is expected to register high sales, owing to benefits such as quick product return, availability of a variety of products, and personalized recommendations from the staff. Specialty stores offer benefits such as instant product purchase and delivery after examining the product closely. Hence, the sale of high speed spindle is expected to rise through offline sales channels.
  • In terms of regions, the global High Speed Spindle markets are divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in Asia Pacific is expected to grow at a rapid pace during the forecast period. Technological advancements and recent developments are projected to drive the market. The market in North America is anticipated to expand at a significant CAGR during the forecast period owing to increasing demand for high-speed spindles from major sectors, such as automotive, electronics, and others, in the region.

Report Scope

Report Metric

Details

Market Value in 2021

US$ 2,825.2 Million

Market Growth Rate (from 2022 to 2030)

4.8%

Historical Data

2015 & 2020

Base Year

2021

Forecast Period

2022 – 2030

Units Considered

Value (US$ Million)

Market Segments

By Product Types, By End-user, By Sales Channel, and By Region

Key Companies Profiled

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.

Customization Scope

Report customization available on request

Pricing and Purchase Options

Avail of tailor-made purchase options to meet your research requirements.

Target Audience

  • Supply-side: Vendor, Manufacturer, Distributors, Supplier, Retailer.
  • Demand Side: Automotive, Electronics, and Others.
  • Regulatory Side: Concerned government authorities, and other approved regulatory bodies.