Consumer Goods - Motor Spindles Market

Global Motor Spindles Market: Overview

The global motor spindles market size was significantly robust in 2020 and is expected to register a steady revenue CAGR over the forecast period. Steady market revenue growth is mainly supported by wide use of motors and spindles in various industries including consumer electronics, automotive, manufacturing, aerospace, and agricultural, among many others. Rapid expansion of many industrial facilities and deployment on new set-ups owing to rising demand for various products globally, need to upgrade production facilities and processes, and increasing shift towards automation in a variety of industries is resulting in rising demand for these products. Increasing need for motor spindles owing to expansion of 3D printing applications, and for foam cutting, glass cutting, and wood routing, has been driving demand for Computer Numeric Control (CNC) motor spindles. High demand can be attributed to several advantages these types of spindles offer such as high cutting speed, reduced cycle time, and augmented manufacturing efficiency. These are some of the key factors driving revenue growth of this market, and the trend is expected to continue over the forecast period.

A motor spindle is a high-precision and high-performance Electric Motor used for rotating a spindle or shaft that holds a platter – a thin glass or Aluminum disk coated with a magnetic material – in a Hard Disk Drive (HDD) for data storage. HDDs usually contain multiple platters mounted on a single spindle shaft and enables high volume data storage. Motor spindles are known to offer high precision and maximum productivity and therefore, ensure optimum quality and performance of different machinery. Motor spindles are generally powered by electricity or compressed air and are available in various sizes to meet different requirements. These spindles rotate on an axis that receives input from a CNC controller.

Global Motor Spindles Market: Dynamics
Drivers: Extensive use of motor spindles due to several advantages

Increasing industrial applications of motor spindles due to their various advantages are expected to bolster market growth over the forecast period. Some of the primary characteristics of motor spindles include their small and compact size, high reliability, minimal wobbling and vibration, lesser heat and noise output, and lower power consumption. These spindles offer a maximum speed range of around 60,000 RPM and thus make manufacturing processes faster and more efficient.

Restraints: Certain disadvantages associated with motor spindles

Certain disadvantages associated with motor spindles are expected to hamper growth of the global motor spindles market in the near future. One of the main shortcomings of motor spindles is the limited availability of power and torque because of the constricting and compressing design of the motor housing. Low speed of bigger motor spindles and their high maintenance costs are other restraints for market growth.

Global Motor Spindles Market:  Outlook

The rolling motor spindles segment is expected to account for largest revenue share over the forecast period. Rolling motor spindles are regarded as high-performance and cost-efficient Bearing solutions. Other significant characteristics of these spindles are robust performance, reduced bearing preload, and high operating speeds.

Global Motor Spindles Market: Regional Analysis

The North America motor spindles market accounted for largest share of the global market revenue in 2020. Rising demand for advanced consumer electronics, expanding manufacturing industry, increasing applications of motor spindles in the automotive and aerospace industries, and technological advancements in spindle technologies are some key factors driving North America market growth.  

Companies Profiled in the Report:

Major players in the global motor spindles market include Fischer USA Inc., Franz Kessler GmbH, Siemens AG, Guangzhou Haozhi Industrial Co. Ltd., IBAG Group, GMN, Air Bearings Ltd., Alfred Jäger GmbH, Step Tec AG, Heinz Fiege GmbH, SycoTec GmbH & Co. KG, Parfaite Tool Co. Ltd., BENZ GmbH Werkzeugsysteme, and Shenzhen Sufeng Technology Co., Ltd.

In August 2020, Mitsubishi Electric CNC introduced its all-new M80 Series of cutting-edge machining solutions. The key specifications of the solutions are optimum machine response-direct drive (OMR-DD2), high-speed motor spindles, interactive cycle insertion, reduced cycle time, and low inertia. These solutions offer smoother operation, improved finish, and higher productivity.

Report Scope & Segments Covered in the Report:

This report offers historical data points and forecasts and revenue growth at a global, regional, and country level, and provides analysis, industry trends, and consumption pattern details for each region, major country, and segment from 2018 to 2028. The global motor spindles market report includes industry trends, drivers, restraints, opportunities, threats, market strategies, segment revenue, and market share contribution by each regional and country market. In addition, the report offers industry analysis and competitive landscape, company financials, and impact analysis. The report includes a detailed view of the global motor spindles market, along with changing dynamics and trends, scenarios, detailed market and regional segmentation, regional landscape, analysis and evaluation, major investments, product offerings, product launches, and details of historical, current, and projected revenues.

For the purpose of this report, the global motor spindles market is segmented based on type, application, and region:

Type Outlook (Revenue, USD Billion; 2018-2028)

• Rolling Motor Spindles
• Air-bearing Motor Spindles
• Liquid Journal Motor Spindles
• Others

Application Outlook (Revenue, USD Billion; 2018-2028)

• PCB (Printed Circuit Board) Industry
• Consumer Electronics Industry
• Machinery Manufacturing Industry
• Automotive Industry
• Aerospace Industry
• Others

Region Outlook (Revenue, USD Billion; 2018-2028)

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Benelux
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • Singapore
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Rest of Latin America
• Middle East and Africa
  • Saudi Arabia
  • UAE
  • South Africa
  • Rest of Middle East & Africa