Market Overview:
The Global Alignment Systems Market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for alignment systems in various industries such as manufacturing, chemical, power and others. In addition, the growing awareness about the benefits of using alignment systems is also contributing to the market growth. Based on type, shaft alignment accounted for a major share of the global alignment systems market in 2017. This can be attributed to its wide usage across various industries. Belt alignment is another type of alignment system which is witnessing high demand due to its ability to detect misalignment quickly and easily. Based on application, manufacturing industry held a dominant share of the global market in 2017 owing to increased production activities in this sector across different regions worldwide.
Product Definition:
Alignment systems are used to ensure that all the parts of a machine are correctly aligned. This is important because if the parts are not aligned, the machine may not work properly or may even be dangerous.
Shaft Alignment:
Shaft alignment is a process of adjusting the misalignment of machine parts in order to improve its efficiency. In machining, there are certain critical dimensions such as length and width that need to be maintained at all times in order to ensure the safety of operators as well as machine itself. Shaft alignmenters are used for this purpose, which help in maintaining these dimensional accuracy by bringing components into required position with respect to each other.
Belt Alignment:
Belt alignment and it's usage in alignment systems market is a process of adjusting the misalignment or position of internal combustion engines. In automobiles, belts are used to transmit power from the crankshaft to other parts of engine. Belt alignments ensure that all pulleys and wheels are perfectly aligned which helps in smooth functioning & higher performance of vehicle. It also ensures better fuel efficiency as well as longer belt life due to less stress on drive system components caused by misalignment.
Application Insights:
The manufacturing industry accounted for the largest share of over 30.0% in 2017 and is expected to grow at a CAGR of XX% from 2018 to 2030 owing to its core application areas such as automotive, aerospace & defense, and construction among others. The chemical industry also holds significant growth potential due to increasing demand for chemicals across the globe.
Power generation is one of the major applications that drives industrial machinery manufacturers including Caterpillar Inc., Deere & Co., Ltd., and AGCO Corp.; these companies are investing significantly in R&D activities related to agricultural equipment so as to enhance their product offerings for this sector over the coming years.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing strong economic growth on account of increasing foreign investments, rising disposable income, and rapid industrialization. Moreover, growing population coupled with government support for infrastructure development will boost product demand in this region.
The Middle East & Africa is anticipated to witness significant growth over the next eight years owing to increasing oil production activities across countries such as Saudi Arabia and UAE. In addition, growing construction activities due to rise in tourism are also likely to drive industry expansion over the coming years. However, political instability may hamper market development owing to slowdown or halt in major projects such as Jazan Economic City (JEC) project by Saudi Arabia which was planned at a cost of SAR 1 trillion (USD X billion).
Growth Factors:
- Increasing demand for advanced alignment systems in the automotive and aerospace industries
- Growing popularity of automated guided vehicles (AGVs)
- Rising demand for precision machining and manufacturing processes
- Proliferation of 3D printing technology
- Growing adoption of industrial robotics
Scope Of The Report
Report Attributes
Report Details
Report Title
Alignment Systems Market Research Report
By Type
Shaft Alignment, Belt Alignment
By Application
Manufacturing Industry, Chemical Industry, Power Industry, Others
By Companies
SKF, NSK, Schaeffler, Renishaw, PRÃœFTECHNIK Dieter Busch, Fluke, SPM Instrument, Fixturlaser, Easy-Laser, Hamar Laser, Seiffert Industrial
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
236
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Alignment Systems Market Report Segments:
The global Alignment Systems market is segmented on the basis of:
Types
Shaft Alignment, Belt Alignment
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Manufacturing Industry, Chemical Industry, Power Industry, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- SKF
- NSK
- Schaeffler
- Renishaw
- PRÃœFTECHNIK Dieter Busch
- Fluke
- SPM Instrument
- Fixturlaser
- Easy-Laser
- Hamar Laser
- Seiffert Industrial
Highlights of The Alignment Systems Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Shaft Alignment
- Belt Alignment
- By Application:
- Manufacturing Industry
- Chemical Industry
- Power Industry
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Alignment Systems Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Alignment systems are a type of bodywork that use alignment techniques to improve the function of the body. Alignment systems may include chiropractic, osteopathy, massage, and other forms of manual therapy.
Some of the major companies in the alignment systems market are SKF, NSK, Schaeffler, Renishaw, PRƒÅ“FTECHNIK Dieter Busch, Fluke, SPM Instrument, Fixturlaser, Easy-Laser, Hamar Laser, Seiffert Industrial.
The alignment systems market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Alignment Systems Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Alignment Systems Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Alignment Systems Market - Supply Chain
4.5. Global Alignment Systems Market Forecast
4.5.1. Alignment Systems Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Alignment Systems Market Size (000 Units) and Y-o-Y Growth
4.5.3. Alignment Systems Market Absolute $ Opportunity
5. Global Alignment Systems Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Alignment Systems Market Size and Volume Forecast by Type
5.3.1. Shaft Alignment
5.3.2. Belt Alignment
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Alignment Systems Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Alignment Systems Market Size and Volume Forecast by Application
6.3.1. Manufacturing Industry
6.3.2. Chemical Industry
6.3.3. Power Industry
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Alignment Systems Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Alignment Systems Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Alignment Systems Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Alignment Systems Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Alignment Systems Demand Share Forecast, 2019-2026
9. North America Alignment Systems Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Alignment Systems Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Alignment Systems Market Size and Volume Forecast by Application
9.4.1. Manufacturing Industry
9.4.2. Chemical Industry
9.4.3. Power Industry
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Alignment Systems Market Size and Volume Forecast by Type
9.7.1. Shaft Alignment
9.7.2. Belt Alignment
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Alignment Systems Demand Share Forecast, 2019-2026
10. Latin America Alignment Systems Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Alignment Systems Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Alignment Systems Market Size and Volume Forecast by Application
10.4.1. Manufacturing Industry
10.4.2. Chemical Industry
10.4.3. Power Industry
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Alignment Systems Market Size and Volume Forecast by Type
10.7.1. Shaft Alignment
10.7.2. Belt Alignment
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Alignment Systems Demand Share Forecast, 2019-2026
11. Europe Alignment Systems Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Alignment Systems Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
11.4. Europe Alignment Systems Market Size and Volume Forecast by Application
11.4.1. Manufacturing Industry
11.4.2. Chemical Industry
11.4.3. Power Industry
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Alignment Systems Market Size and Volume Forecast by Type
11.7.1. Shaft Alignment
11.7.2. Belt Alignment
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Alignment Systems Demand Share, 2019-2026
12. Asia Pacific Alignment Systems Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Alignment Systems Market Size and Volume 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. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Alignment Systems Market Size and Volume Forecast by Application
12.4.1. Manufacturing Industry
12.4.2. Chemical Industry
12.4.3. Power Industry
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Alignment Systems Market Size and Volume Forecast by Type
12.7.1. Shaft Alignment
12.7.2. Belt Alignment
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Alignment Systems Demand Share, 2019-2026
13. Middle East & Africa Alignment Systems Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Alignment Systems Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Alignment Systems Market Size and Volume Forecast by Application
13.4.1. Manufacturing Industry
13.4.2. Chemical Industry
13.4.3. Power Industry
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Alignment Systems Market Size and Volume Forecast by Type
13.7.1. Shaft Alignment
13.7.2. Belt Alignment
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Alignment Systems Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Alignment Systems Market: Market Share Analysis
14.2. Alignment Systems Distributors and Customers
14.3. Alignment Systems Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. SKF
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. NSK
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Schaeffler
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Renishaw
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. PRÜFTECHNIK Dieter Busch
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Fluke
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. SPM Instrument
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Fixturlaser
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Easy-Laser
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Hamar Laser
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Seiffert Industrial
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
