High Speed Spindle Market Size, Share & Trends Growth [2031]
High Speed Spindle Market Size, Share & Trends Growth [2031]
Segments - 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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Report Description
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 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.
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Attributes |
Details |
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Report Title |
High Speed Spindle Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast |
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Base Year |
2022 |
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Historic Data |
2016–2021 |
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Forecast Period |
2023–2031 |
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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) |
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Regional Scope |
Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) |
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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.
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.
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.
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.
Frequently Asked Questions
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.
Table Of Content
Chapter 1 Executive SummaryChapter 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
Methodology
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