High Speed Spindle Market

High Speed Spindle Market

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  • 14-10-2022
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Raksha Sharma

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Editor:

Rucha Phatak

High Speed Spindle Market Outlook

The high speed spindle market size was USD 2.96 Bn in 2022 and is anticipated to reach USD 4.75 Bn by 2031, expanding at a CAGR of 5.4% during the forecast period 2023-2031.  The market growth is attributed to the increasing demand for high-speed spindles for different purposes across various industries.

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. High-speed spindles are suitable for a wide range of applications, such as milling or drilling with small diameters.

High Speed Spindle Market Market Outlook

High-speed spindles are generally used when the rotational rates and associated cutting speeds of an old model of the machine tool are insufficient for a machining process. Numerous industries, including PCB fabrication, consumer electronics manufacture, and automotive & aerospace engineering, among others, use high-speed spindles. High-speed spindles are used in various products, including printers, copiers, scanners, and fax machines.   

High Speed Spindle Market Macro-economic Factors

Technological Advancement

Key market players are focusing on adopting technologies and advancing existing technologies. Recent developments in high-speed spindles, such as high-speed precision bearings, are fuelling the market. One of the important enabling elements of a high-speed spindle is the high-speed precision bearing. Bearings frequently operate at high or ultra-high speeds and have various properties, including high-speed performance, high dynamic load-carrying capacity, high lubrication performance, and minimal heat generation. 

COVID-19 Impact on High Speed Spindle Market

The outbreak of Coronavirus disease in 2019 (COVID-19) restrained the global economy, created global interdependence, and challenged the governments of various nations. The pandemic raised concerns among economies and businesses by shifting focus to the online supply of consumer electronic components and creating manufacturing issues.

The COVID-19 outbreak is an unsurpassed public health emergency that affected almost every industry. The long-term effects of the pandemic are expected to affect the growth of various industries during the forecast period, especially across Eastern Europe, European Union, the US, and Eastern & Central Asia. The COVID-19 pandemic hampered the high-speed spindle market share due to considerable disruption in the supply chain activities and several countries sealing off their international trade in the wake of the pandemic. The pandemic impacted the global manufacturing sectors including high-speed spindle market 

High Speed Spindle Market Dynamics

What drives High Speed Spindle Market?

Rising demand for high-speed spindles from various end-user industries

The rising demand for high-speed spindles from various end-user industries, such as the PCB industry, machinery manufacturing, consumer electronics, automotive, and aerospace is anticipated to boost the market during the forecast period. High-speed spindles have several applications in the consumer electronics industry, including printers, copiers, scanners, and fax machines.

What Restrains High Speed Spindle Market?

High maintenance costs associated with high-speed spindles

High installation and maintenance costs associated with high-speed spindles can hamper the market in the coming years. Preventative maintenance of spindles and high-quality spindle repairs or spindle replacements are essential for long-term operations, as performance depends on micrometer-level precision.

What are the opportunities for High Speed Spindle Market?

Growing investments in research and development activities by key players

Various companies and research institutes are engaging in research to develop high-speed spindles for micro and large drilling applications. R&D activities help to improve the functional qualities of the machine, such as speed and accuracy, and reduce energy consumption. This creates opportunities for manufacturers to file patents for innovative high-speed spindles that give them the right to stop competitors from copying, manufacturing, and selling inventions without permission. These factors are anticipated to create immense opportunities for the key players.

Scope of High Speed Spindle Market Report

The report on the global high speed spindle market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

High Speed Spindle Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast

Base Year

2022

Historic Data

2016–2021

Forecast Period

2023–2031

Segmentation

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), and Sales Channel (Offline and Online)

Regional Scope

Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa)

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered

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, and NSK Ltd.

High Speed Spindle Market Segmental Outlook

What Key Factors Contribute to the Rapid Expansion of the Product type Segment?

Increasing Demand for high-performance High-speed Spindles

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.

Ball-bearing spindle segment is anticipated to register a considerable CAGR during the forecast period owing to very high productivity and lower maintenance and unit costs. Ball-bearing offers higher performance and aids in longer machine running times compared to others.

High Speed Spindle Market Product Type

Which Major Factors influence the Significant Growth of the End-user Segment?

Increasing demand for High-Speed Spindle across Various Sectors for Various Applications

Based on end-user, the market is fragmented into the PCB industry, consumer electronics, machinery manufacturing, automotive, aerospace, and others. The automotive 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. Spindle provides the features of high speed, low vibration, and high rigidity in the vehicle which helps in the smooth running of the vehicle with permanent stability.

The machinery manufacturing segment is anticipated to register a considerable CAGR during the forecast period owing to the wide use of high-speed spindles in machinery manufacturing as high-speed spindles are widely used in the rotation part and smooth rotation of machines across various sectors to enhance the overall performance. 

Why is the Offline Segment More Prevalent than the Online Segment?

Benefits of Quick Product Return and Customization 

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 the availability of various products and the benefit of customization as per consumer requirements can drive the segment. In addition, the benefits of quick product return without delay, and the availability of a variety of products majorly drive the growth of the high-speed spindle market.

The online segment is anticipated to register a considerable CAGR during the forecast period due to the advantages of product discounts on the online platform is likely to drive the segment. Moreover, a wide range of products available on various online platforms with doorstep delivery can drive the segment in the coming years. 

High Speed Spindle Market Sales Channel

Why is North America dominating the Global High Speed Spindle Market?

Presence of a huge Automotive Sector and increasing demand for High-speed spindles across various Industries

Based on regions, the market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.  The market in North America is projected to hold a significant share of the global market in the coming years. North America is estimated to maintain its dominance in the market during the forecast period due to increasing demand for high-speed spindles from major sectors such as automotive, electronics, and others.

The presence of a huge automotive sector in the region can boost the demand for high-speed spindles in the projected year. The market in Asia Pacific is anticipated to register a considerable CAGR during the forecast period. Rising industrialization and rapid growth in the automotive and electronic sectors in emerging economies such as India and China can boost market growth in the region in the coming years.

High Speed Spindle Market Region

Key Benefits for Industry Participants & Stakeholders

  • In-depth Analysis of the Global High Speed Spindle Market
  • Historic, Current, and Projected Market Size in terms of Value
  • Potential & Niche Segments and Regions Exhibiting Promising Growth Covered
  • Industry Drivers, Restraints, and Opportunities Covered in the Study
  • Recent Industry Trends and Developments
  • Competitive Landscape & Strategies of Key Players
  • Neutral Perspective on Global High Speed Spindle Market Performance

Segments

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

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

Competitive Landscape

  • Manufacturers operating in the global High Speed Spindle market 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.
  • Market Players are pursuing key strategies such as acquisitions, collaborations, and geographic expansion where a potential opportunity arises for the global High Speed Spindle market.

High Speed Spindle Market Key Players

Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 High Speed Spindle Market Overview
   4.1 Introduction
      4.1.1 Market Taxonomy
      4.1.2 Market Definition
      4.1.3 Macro-Economic Factors Impacting the Market Growth
   4.2 High Speed Spindle Market Dynamics
      4.2.1 Market Drivers
      4.2.2 Market Restraints
      4.2.3 Market Opportunity
   4.3 High Speed Spindle Market - Supply Chain Analysis
      4.3.1 List of Key Suppliers
      4.3.2 List of Key Distributors
      4.3.3 List of Key Consumers
   4.4 Key Forces Shaping the High Speed Spindle Market
      4.4.1 Bargaining Power of Suppliers
      4.4.2 Bargaining Power of Buyers
      4.4.3 Threat of Substitution
      4.4.4 Threat of New Entrants
      4.4.5 Competitive Rivalry
   4.5 Global High Speed Spindle Market Size & Forecast, 2015-2030
      4.5.1 High Speed Spindle Market Size and Y-o-Y Growth
      4.5.2 High Speed Spindle Market Absolute $ Opportunity
   4.6 Pricing Analysis & Forecast, By Product Type, 2015-2030
   4.7 Recent Advancement in High-Speed Spindle Market: Outlook
   4.8 Technology Innovation
   4.9 Patent Analysis: Overview
Chapter 5 Global High Speed Spindle Market Analysis and Forecast By Product Type
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities By Product Type
      5.1.2 Basis Point Share (BPS) Analysis By Product Type
      5.1.3 Absolute $ Opportunity Assessment By Product Type
   5.2 High Speed Spindle Market Size Forecast By Product Type
      5.2.1 Rolling Spindles
      5.2.2 Air Bearing Spindles
      5.2.3 Liquid Journal Spindles
      5.2.4 Ball Bearing Spindles
   5.3 Market Attractiveness Analysis By Product Type
Chapter 6 Global High Speed Spindle Market Analysis and Forecast By End User
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities By End User
      6.1.2 Basis Point Share (BPS) Analysis By End User
      6.1.3 Absolute $ Opportunity Assessment By End User
   6.2 High Speed Spindle Market Size Forecast By End User
      6.2.1 PCB Industry
      6.2.2 Consumer Electronic
      6.2.3 Machinery Manufacturing
      6.2.4 Automotive and Aerospace
      6.2.5 Others
   6.3 Market Attractiveness Analysis By End User
Chapter 7 Global High Speed Spindle Market Analysis and Forecast By Sales Channel
   7.1 Introduction
      7.1.1 Key Market Trends & Growth Opportunities By Sales Channel
      7.1.2 Basis Point Share (BPS) Analysis By Sales Channel
      7.1.3 Absolute $ Opportunity Assessment By Sales Channel
   7.2 High Speed Spindle Market Size Forecast By Sales Channel
      7.2.1 Offline
      7.2.2 Online
   7.3 Market Attractiveness Analysis By Sales Channel
Chapter 8 Global High Speed Spindle Market Analysis and Forecast by Region
   8.1 Introduction
      8.1.1 Key Market Trends & Growth Opportunities by Region
      8.1.2 Basis Point Share (BPS) Analysis by Region
      8.1.3 Absolute $ Opportunity Assessment by Region
   8.2 High Speed Spindle Market Size Forecast by Region
      8.2.1 North America
      8.2.2 Europe
      8.2.3 Asia Pacific
      8.2.4 Latin America
      8.2.5 Middle East & Africa (MEA)
   8.3 Market Attractiveness Analysis by Region
Chapter 9 Coronavirus Disease (COVID-19) Impact
   9.1 Introduction
   9.2 Current & Future Impact Analysis
   9.3 Economic Impact Analysis
   9.4 Government Policies
   9.5 Investment Scenario
Chapter 10 North America High Speed Spindle Analysis and Forecast
   10.1 Introduction
   10.2 North America High Speed Spindle Market Size Forecast by Country
      10.2.1 U.S.
      10.2.2 Canada
   10.3 Basis Point Share (BPS) Analysis by Country
   10.4 Absolute $ Opportunity Assessment by Country
   10.5 Market Attractiveness Analysis by Country
   10.6 North America High Speed Spindle Market Size Forecast By Product Type
      10.6.1 Rolling Spindles
      10.6.2 Air Bearing Spindles
      10.6.3 Liquid Journal Spindles
      10.6.4 Ball Bearing Spindles
   10.7 Basis Point Share (BPS) Analysis By Product Type
   10.8 Absolute $ Opportunity Assessment By Product Type
   10.9 Market Attractiveness Analysis By Product Type
   10.10 North America High Speed Spindle Market Size Forecast By End User
      10.10.1 PCB Industry
      10.10.2 Consumer Electronic
      10.10.3 Machinery Manufacturing
      10.10.4 Automotive and Aerospace
      10.10.5 Others
   10.11 Basis Point Share (BPS) Analysis By End User
   10.12 Absolute $ Opportunity Assessment By End User
   10.13 Market Attractiveness Analysis By End User
   10.14 North America High Speed Spindle Market Size Forecast By Sales Channel
      10.14.1 Offline
      10.14.2 Online
   10.15 Basis Point Share (BPS) Analysis By Sales Channel
   10.16 Absolute $ Opportunity Assessment By Sales Channel
   10.17 Market Attractiveness Analysis By Sales Channel
Chapter 11 Europe High Speed Spindle Analysis and Forecast
   11.1 Introduction
   11.2 Europe High Speed Spindle Market Size Forecast by Country
      11.2.1 Germany
      11.2.2 France
      11.2.3 Italy
      11.2.4 U.K.
      11.2.5 Spain
      11.2.6 Russia
      11.2.7 Rest of Europe
   11.3 Basis Point Share (BPS) Analysis by Country
   11.4 Absolute $ Opportunity Assessment by Country
   11.5 Market Attractiveness Analysis by Country
   11.6 Europe High Speed Spindle Market Size Forecast By Product Type
      11.6.1 Rolling Spindles
      11.6.2 Air Bearing Spindles
      11.6.3 Liquid Journal Spindles
      11.6.4 Ball Bearing Spindles
   11.7 Basis Point Share (BPS) Analysis By Product Type
   11.8 Absolute $ Opportunity Assessment By Product Type
   11.9 Market Attractiveness Analysis By Product Type
   11.10 Europe High Speed Spindle Market Size Forecast By End User
      11.10.1 PCB Industry
      11.10.2 Consumer Electronic
      11.10.3 Machinery Manufacturing
      11.10.4 Automotive and Aerospace
      11.10.5 Others
   11.11 Basis Point Share (BPS) Analysis By End User
   11.12 Absolute $ Opportunity Assessment By End User
   11.13 Market Attractiveness Analysis By End User
   11.14 Europe High Speed Spindle Market Size Forecast By Sales Channel
      11.14.1 Offline
      11.14.2 Online
   11.15 Basis Point Share (BPS) Analysis By Sales Channel
   11.16 Absolute $ Opportunity Assessment By Sales Channel
   11.17 Market Attractiveness Analysis By Sales Channel
Chapter 12 Asia Pacific High Speed Spindle Analysis and Forecast
   12.1 Introduction
   12.2 Asia Pacific High Speed Spindle Market Size Forecast by Country
      12.2.1 China
      12.2.2 Japan
      12.2.3 South Korea
      12.2.4 India
      12.2.5 Australia
      12.2.6 South East Asia (SEA)
      12.2.7 Rest of Asia Pacific (APAC)
   12.3 Basis Point Share (BPS) Analysis by Country
   12.4 Absolute $ Opportunity Assessment by Country
   12.5 Market Attractiveness Analysis by Country
   12.6 Asia Pacific High Speed Spindle Market Size Forecast By Product Type
      12.6.1 Rolling Spindles
      12.6.2 Air Bearing Spindles
      12.6.3 Liquid Journal Spindles
      12.6.4 Ball Bearing Spindles
   12.7 Basis Point Share (BPS) Analysis By Product Type
   12.8 Absolute $ Opportunity Assessment By Product Type
   12.9 Market Attractiveness Analysis By Product Type
   12.10 Asia Pacific High Speed Spindle Market Size Forecast By End User
      12.10.1 PCB Industry
      12.10.2 Consumer Electronic
      12.10.3 Machinery Manufacturing
      12.10.4 Automotive and Aerospace
      12.10.5 Others
   12.11 Basis Point Share (BPS) Analysis By End User
   12.12 Absolute $ Opportunity Assessment By End User
   12.13 Market Attractiveness Analysis By End User
   12.14 Asia Pacific High Speed Spindle Market Size Forecast By Sales Channel
      12.14.1 Offline
      12.14.2 Online
   12.15 Basis Point Share (BPS) Analysis By Sales Channel
   12.16 Absolute $ Opportunity Assessment By Sales Channel
   12.17 Market Attractiveness Analysis By Sales Channel
Chapter 13 Latin America High Speed Spindle Analysis and Forecast
   13.1 Introduction
   13.2 Latin America High Speed Spindle Market Size Forecast by Country
      13.2.1 Brazil
      13.2.2 Mexico
      13.2.3 Rest of Latin America (LATAM)
   13.3 Basis Point Share (BPS) Analysis by Country
   13.4 Absolute $ Opportunity Assessment by Country
   13.5 Market Attractiveness Analysis by Country
   13.6 Latin America High Speed Spindle Market Size Forecast By Product Type
      13.6.1 Rolling Spindles
      13.6.2 Air Bearing Spindles
      13.6.3 Liquid Journal Spindles
      13.6.4 Ball Bearing Spindles
   13.7 Basis Point Share (BPS) Analysis By Product Type
   13.8 Absolute $ Opportunity Assessment By Product Type
   13.9 Market Attractiveness Analysis By Product Type
   13.10 Latin America High Speed Spindle Market Size Forecast By End User
      13.10.1 PCB Industry
      13.10.2 Consumer Electronic
      13.10.3 Machinery Manufacturing
      13.10.4 Automotive and Aerospace
      13.10.5 Others
   13.11 Basis Point Share (BPS) Analysis By End User
   13.12 Absolute $ Opportunity Assessment By End User
   13.13 Market Attractiveness Analysis By End User
   13.14 Latin America High Speed Spindle Market Size Forecast By Sales Channel
      13.14.1 Offline
      13.14.2 Online
   13.15 Basis Point Share (BPS) Analysis By Sales Channel
   13.16 Absolute $ Opportunity Assessment By Sales Channel
   13.17 Market Attractiveness Analysis By Sales Channel
Chapter 14 Middle East & Africa (MEA) High Speed Spindle Analysis and Forecast
   14.1 Introduction
   14.2 Middle East & Africa (MEA) High Speed Spindle Market Size Forecast by Country
      14.2.1 Saudi Arabia
      14.2.2 South Africa
      14.2.3 UAE
      14.2.4 Rest of Middle East & Africa (MEA)
   14.3 Basis Point Share (BPS) Analysis by Country
   14.4 Absolute $ Opportunity Assessment by Country
   14.5 Market Attractiveness Analysis by Country
   14.6 Middle East & Africa (MEA) High Speed Spindle Market Size Forecast By Product Type
      14.6.1 Rolling Spindles
      14.6.2 Air Bearing Spindles
      14.6.3 Liquid Journal Spindles
      14.6.4 Ball Bearing Spindles
   14.7 Basis Point Share (BPS) Analysis By Product Type
   14.8 Absolute $ Opportunity Assessment By Product Type
   14.9 Market Attractiveness Analysis By Product Type
   14.10 Middle East & Africa (MEA) High Speed Spindle Market Size Forecast By End User
      14.10.1 PCB Industry
      14.10.2 Consumer Electronic
      14.10.3 Machinery Manufacturing
      14.10.4 Automotive and Aerospace
      14.10.5 Others
   14.11 Basis Point Share (BPS) Analysis By End User
   14.12 Absolute $ Opportunity Assessment By End User
   14.13 Market Attractiveness Analysis By End User
   14.14 Middle East & Africa (MEA) High Speed Spindle Market Size Forecast By Sales Channel
      14.14.1 Offline
      14.14.2 Online
   14.15 Basis Point Share (BPS) Analysis By Sales Channel
   14.16 Absolute $ Opportunity Assessment By Sales Channel
   14.17 Market Attractiveness Analysis By Sales Channel
Chapter 15 Competition Landscape
   15.1 High Speed Spindle Market: Competitive Dashboard
   15.2 Global High Speed Spindle Market: Market Share Analysis, 2021
   15.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
      15.3.1 ABTech Inc.
      15.3.2 FISCHER Spindle Group AG
      15.3.3 GF Machining Solutions Management SA
      15.3.4 GMN PAUL MÜLLER INDUSTRIE GMBH & CO. KG
      15.3.5 Guangzhou Haozhi Industrial Co., LTD
      15.3.6 IBAG Deutschland GmbH
      15.3.7 KEBA
      15.3.8 KLKJ Group Corporation Limited
      15.3.9 Nakanishi Inc
      15.3.10 Samwoo Hi-Tech SycoTec GmbH & Co. KG
      15.3.11 Shenzhen SuFeng Technology Co., Ltd
      15.3.12 WEISS Spindeltechnologie GmbH (Siemens)
      15.3.13 Haas Automation, Inc
      15.3.14 NSK Ltd

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FAQ Section

Some frequently asked questions about this report!

High Speed Spindle Market size was USD 2.96 Bn in 2022 & is anticipated to reach USD 4.75 Bn by 2031, expanding at a CAGR of 5.4% by 2023-2031

Key factor to drive the global market is the increasing demand for high-speed spindles for different purposes across various industries.

Based on sales channel, offline segment constituted a key share of the High Speed Spindle market in 2022

North America is likely to dominate the High Speed Spindle market during the forecast period.

Key players competing in the global market are 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, and NSK Ltd.