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Global Electric Spindles Market Size study, by Type (Built-in Spindle, Motorized Spindle), by Application (Internal Grinding, High-speed Cutting, CNC Milling, Axis Milling, Dressing) and Regional Forecasts for 2022-2032

June 2024 | 200 pages | ID: GD1B13CCA61BEN
Bizwit Research & Consulting LLP

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Global Electric Spindles Market is valued at approximately USD 1.47 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 6.21% over the forecast period 2024-2032. The electric Spindle is a new technology in CNC machines that combines the spindle and motor. It comprises components such as a spindle, a frequency converter, an oil lubricator, a cooling system, an encoder, and a tool changer. This integration removes transmission parts such as belts or gear enhancing high-speed performance. The Motor inside the Electric Spindle offers high speed, accuracy, and low noise and ensures efficient high-speed rotations without belt or gear constraints. The Global Electric Spindles Market is gaining attention due to trends favoring faster machining, advanced technology integration, precision focus, and sustainability. These trends drive the adoption of electric spindle technology and enhance performance and efficiency. The Global Electric Spindles Market’s significance rises as it fulfils market needs for speed, accuracy, and eco-friendly solutions, driving advancements in CNC machining capabilities.

A shift towards advancements in machining technology and the need for higher productivity primarily drives the Global Electric Spindle Market. One of the prominent drivers is the shift towards automation and advanced manufacturing techniques, where electric spindle technology plays a crucial role in achieving efficiency and precision. This trend towards automation reflects the market’s continuous quest for improved performance and cost-effective solutions, driving the widespread adoption of electric spindles across different manufacturing sectors. However, Electric spindles can be lubricated using grease, oil mist, or oil-air methods. Grease and oil mist are popular, although they can’t control the oil supply well, which affects spindle performance and lifespan. Mist lubrication can harm the environment, while oil-air lubrication is better at controlling oil although it is expensive and complicated.

The key regions considered for the Global Electric Spindles market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. In the Global Electric Spindle Market, Asia Pacific emerges as the dominating region, driven by rapid industrialization and technological advancements. The region has significant manufacturing sectors that extensively use CNC machine tools, boosting the demand for electric spindles. Moreover, the region's focus on automation and precision engineering further fuels market growth. Asia Pacific stands out as a major player due to its large-scale manufacturing activities and investments in advanced machining technologies making it a crucial market for the Global Electric Spindle Market players seeking expansion opportunities. On the other hand, North America is the fastest-growing region for electric spindle adoption, driven by innovations in automation and high-tech industries such as aerospace and automotive.

Major market players included in this report are:
Siemens AG
FISCHER Spindle Group AG
Novanta Inc.
Kessler Group
Guangzhou Haozhi Industrial Co., Ltd.
GMN Paul Mьller Industrie GmbH & Co. KG
Step-Tec AG
IBAG Group
HSD SpA
Alfred Jдger GmbH

The detailed segments and sub-segments of the market are explained below:

By Type
Built-in Spindle
Motorized Spindle

By Application
Internal Grinding
High-speed Cutting
CNC Milling
Axis Milling
Dressing
?
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
RoMEA

Years considered for the study are as follows:
Historical year – 2022
Base year – 2023
Forecast period – 2024 to 2032

Key Takeaways:
Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market.
CHAPTER 1. GLOBAL ELECTRIC SPINDLES MARKET DEFINITION AND RESEARCH ASSUMPTIONS

1.1. Research Objective
1.2. Market Definition
1.3. Research Assumptions
  1.3.1. Inclusion & Exclusion
  1.3.2. Limitations
  1.3.3. Supply Side Analysis
    1.3.3.1. Availability
    1.3.3.2. Infrastructure
    1.3.3.3. Regulatory Environment
    1.3.3.4. Market Competition
    1.3.3.5. Economic Viability (Consumer’s Perspective)
  1.3.4. Demand Side Analysis
    1.3.4.1. Regulatory frameworks
    1.3.4.2. Technological Advancements
    1.3.4.3. Environmental Considerations
    1.3.4.4. Consumer Awareness & Acceptance
1.4. Estimation Methodology
1.5. Years Considered for the Study
1.6. Currency Conversion Rates

CHAPTER 2. EXECUTIVE SUMMARY

2.1. Global Electric Spindles Market Size & Forecast (2022- 2032)
2.2. Regional Summary
2.3. Segmental Summary
  2.3.1. By Type
  2.3.2. By Application
2.4. Key Trends
2.5. Recession Impact
2.6. Analyst Recommendation & Conclusion

CHAPTER 3. GLOBAL ELECTRIC SPINDLES MARKET DYNAMICS

3.1. Market Drivers
3.2. Market Challenges
3.3. Market Opportunities

CHAPTER 4. GLOBAL ELECTRIC SPINDLES MARKET INDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
  4.1.6. Futuristic Approach to Porter’s 5 Force Model
  4.1.7. Porter’s 5 Force Impact Analysis
4.2. PESTEL Analysis
  4.2.1. Political
  4.2.2. Economical
  4.2.3. Social
  4.2.4. Technological
  4.2.5. Environmental
  4.2.6. Legal
4.3. Top investment opportunity
4.4. Top winning strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

CHAPTER 5. GLOBAL ELECTRIC SPINDLES MARKET SIZE & FORECASTS BY TYPE 2022-2032

5.1. Built-in Spindle
5.2. Motorized Spindle

CHAPTER 6. GLOBAL ELECTRIC SPINDLES MARKET SIZE & FORECASTS BY APPLICATION 2022-2032

6.1. Internal Grinding
6.2. High-speed Cutting
6.3. CNC Milling
6.4. Axis Milling
6.5. Dressing

CHAPTER 7. GLOBAL ELECTRIC SPINDLES MARKET SIZE & FORECASTS BY REGION 2022-2032

7.1. North America Electric Spindles Market
  7.1.1. U.S. Electric Spindles Market
    7.1.1.1. Type breakdown size & forecasts, 2022-2032
    7.1.1.2. Application breakdown size & forecasts, 2022-2032
  7.1.2. Canada Electric Spindles Market
7.2. Europe Electric Spindles Market
  7.2.1. U.K. Electric Spindles Market
  7.2.2. Germany Electric Spindles Market
  7.2.3. France Electric Spindles Market
  7.2.4. Spain Electric Spindles Market
  7.2.5. Italy Electric Spindles Market
  7.2.6. Rest of Europe Electric Spindles Market
7.3. Asia-Pacific Electric Spindles Market
  7.3.1. China Electric Spindles Market
  7.3.2. India Electric Spindles Market
  7.3.3. Japan Electric Spindles Market
  7.3.4. Australia Electric Spindles Market
  7.3.5. South Korea Electric Spindles Market
  7.3.6. Rest of Asia Pacific Electric Spindles Market
7.4. Latin America Electric Spindles Market
  7.4.1. Brazil Electric Spindles Market
  7.4.2. Mexico Electric Spindles Market
  7.4.3. Rest of Latin America Electric Spindles Market
7.5. Middle East & Africa Electric Spindles Market
  7.5.1. Saudi Arabia Electric Spindles Market
  7.5.2. South Africa Electric Spindles Market
  7.5.3. Rest of Middle East & Africa Electric Spindles Market

CHAPTER 8. COMPETITIVE INTELLIGENCE

8.1. Key Company SWOT Analysis
  8.1.1. Siemens AG
  8.1.2. FISCHER Spindle Group AG
  8.1.3. Westwind Air Bearings
  8.1.4. Top Market Strategies
8.2. Company Profiles
  8.2.1. Siemens AG
    8.2.1.1. Key Information
    8.2.1.2. Overview
    8.2.1.3. Financial (Subject to Data Availability)
    8.2.1.4. Product Summary
    8.2.1.5. Market Strategies
  8.2.2. FISCHER Spindle Group AG
  8.2.3. Novanta Inc.
  8.2.4. Kessler Group
  8.2.5. Guangzhou Haozhi Industrial Co., Ltd.
  8.2.6. GMN Paul Mьller Industrie GmbH & Co. KG
  8.2.7. Step-Tec AG
  8.2.8. IBAG Group
  8.2.9. HSD SpA
  8.2.10. Alfred Jдger GmbH

CHAPTER 9. RESEARCH PROCESS

9.1. Research Process
  9.1.1. Data Mining
  9.1.2. Analysis
  9.1.3. Market Estimation
  9.1.4. Validation
  9.1.5. Publishing
9.2. Research Attributes

LIST OF TABLES

TABLE 1. Global Electric Spindles market, report scope
TABLE 2. Global Electric Spindles market estimates & forecasts by Region 2022-2032 (USD Billion)
TABLE 3. Global Electric Spindles market estimates & forecasts by Type 2022-2032 (USD Billion)
TABLE 4. Global Electric Spindles market estimates & forecasts by Application 2022-2032 (USD Billion)
TABLE 5. Global Electric Spindles market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 6. Global Electric Spindles market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 7. Global Electric Spindles market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 8. Global Electric Spindles market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 9. Global Electric Spindles market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 10. Global Electric Spindles market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 11. Global Electric Spindles market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 12. Global Electric Spindles market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 13. Global Electric Spindles market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 14. Global Electric Spindles market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 15. U.S. Electric Spindles market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 16. U.S. Electric Spindles market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 17. U.S. Electric Spindles market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 18. Canada Electric Spindles market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 19. Canada Electric Spindles market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 20. Canada Electric Spindles market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 21. UK Electric Spindles market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 22. UK Electric Spindles market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 23. UK Electric Spindles market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 24. Germany Electric Spindles market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 25. Germany Electric Spindles market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 26. Germany Electric Spindles market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 27. France Electric Spindles market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 28. France Electric Spindles market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 29. France Electric Spindles market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 30. Italy Electric Spindles market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 31. Italy Electric Spindles market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 32. Italy Electric Spindles market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 33. Spain Electric Spindles market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 34. Spain Electric Spindles market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 35. Spain Electric Spindles market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 36. RoE Electric Spindles market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 37. RoE Electric Spindles market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 38. RoE Electric Spindles market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 39. China Electric Spindles market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 40. China Electric Spindles market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 41. China Electric Spindles market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 42. India Electric Spindles market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 43. India Electric Spindles market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 44. India Electric Spindles market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 45. Japan Electric Spindles market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 46. Japan Electric Spindles market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 47. Japan Electric Spindles market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 48. Australia Electric Spindles market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 49. Australia Electric Spindles market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 50. Australia Electric Spindles market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 51. South Korea Electric Spindles market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 52. South Korea Electric Spindles market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 53. South Korea Electric Spindles market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 54.
TABLE 55. RoAPAC Electric Spindles market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 56. RoAPAC Electric Spindles market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 57. RoAPAC Electric Spindles market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 58. Brazil Electric Spindles market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 59. Brazil Electric Spindles market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 60. Brazil Electric Spindles market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 61. Mexico Electric Spindles market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 62. Mexico Electric Spindles market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 63. Mexico Electric Spindles market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 64. RoLA Electric Spindles market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 65. RoLA Electric Spindles market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 66. RoLA Electric Spindles market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 67. Saudi Arabia Electric Spindles market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 68. Saudi Arabia Electric Spindles market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 69. Saudi Arabia Electric Spindles market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 70. South Africa Electric Spindles market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 71.
TABLE 72. South Africa Electric Spindles market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 73. South Africa Electric Spindles market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 74. RoMEA Electric Spindles market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 75. RoMEA Electric Spindles market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 76. RoMEA Electric Spindles market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 77. List of secondary sources, used in the study of Global Electric Spindles Market.
TABLE 78. List of primary sources, used in the study of Global Electric Spindles Market.
TABLE 79. Years considered for the study.
TABLE 80. Exchange rates considered.

LIST OF FIGURES

FIG 1. Global Electric Spindles market, research methodology
FIG 2. Global Electric Spindles market, market estimation techniques
FIG 3. Global market size estimates & forecast methods.
FIG 4. Global Electric Spindles market, key trends 2023
FIG 5. Global Electric Spindles market, growth prospects 2022-2032
FIG 6. Global Electric Spindles market, porters 5 force model
FIG 7. Global Electric Spindles market, pestel analysis
FIG 8. Global Electric Spindles market, value chain analysis
FIG 9. Global Electric Spindles market by segment, 2022 & 2032 (USD Billion)
FIG 10. Global Electric Spindles market by segment, 2022 & 2032 (USD Billion)
FIG 11. Global Electric Spindles market by segment, 2022 & 2032 (USD Billion)
FIG 12. Global Electric Spindles market by segment, 2022 & 2032 (USD Billion)
FIG 13. Global Electric Spindles market by segment, 2022 & 2032 (USD Billion)
FIG 14. Global Electric Spindles market, regional snapshot 2022 & 2032
FIG 15. North America Electric Spindles market 2022 & 2032 (USD Billion)
FIG 16. Europe Electric Spindles market 2022 & 2032 (USD Billion)
FIG 17. Asia pacific Electric Spindles market 2022 & 2032 (USD Billion)
FIG 18. Latin America Electric Spindles market 2022 & 2032 (USD Billion)
FIG 19. Middle East & Africa Electric Spindles market 2022 & 2032 (USD Billion)
FIG 20. Global Electric Spindles market, company market share analysis (2023)


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