Market Overview:
The global balancer market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for balancing machines from the heavy industry, auto industry, aviation industry, and home appliances industries. Additionally, the growing demand for balancing machines in emerging economies such as Asia Pacific and Latin America is also contributing to the growth of this market. However, fluctuations in prices of raw materials used in manufacturing balancing machines may restrain the growth of this market during the forecast period.
Product Definition:
A balancing machine is used to balance a rotating object. This is important because an unbalanced object will create vibrations that can cause damage or shorten the life of the object.
Manual Balancing Machine:
Manual balancing machine is used for weighing and adjusting the load in a balanced way. It's major applications are in material handling, packaging & shipping, automotive industry and construction sector among others. The growth factor of this market is mainly attributed to growing demand from developing countries such as India, China among others.
The manual balancing machine has been designed for small-scale industries where there is no need for automation.
Automatic Balancing Machine:
An automatic balancing machine is a device used to restore an even distribution of weight on the scales. It works by moving the lever that causes the beam to move and balance itself. The beam normally stays in one position, but if it is out of balance then this mechanism comes into action and moves until everything is balanced again.
The automatic balancing machine has different weights or objects placed on either side of its beam, which helps in maintaining an even distribution during weighing operations.
Application Insights:
The heavy industry segment dominated the global market in 2017. This is attributed to the rising demand for steel and other metal products from construction, automotive, infrastructure and others industries. The growth of these industries has been supported by a rise in population as well as consumer spending power thus driving the demand for machinery that can meet their requirements easily.
The aviation industry is anticipated to emerge as one of the fastest-growing application sectors over the forecast period owing to increasing passenger traffic coupled with an increase in air cargo transportation across various regions including Asia Pacific, North America and Europe. The growth of this sector has been significantly boosted by favorable government policies such as airport expansion projects at various airports around the world including Dubai International Airport (UAE), Paris Charles de Gaulle Airport (France), Frankfurt am Main Airport (Germany) among others which are scheduled to open shortly.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing industrialization, rising demand for heavy machinery, and rapid urbanization & infrastructure development. China is one of the largest countries with a large consumer base that has been witnessing strong economic growth over the past few years. India also presents significant opportunities for industry participants owing to its rapidly expanding manufacturing sector.
The European market held a share of more than 20% in terms of revenue in 2017 on account of high automotive production levels coupled with aviation & marine equipment manufacturing activities across major economies such as Germany, France, Italy, UK and Russia among others. North America emerged as another prominent regional segment due to growing demand from end-use industries such as aerospace & defense and heavy machinery applications for agricultural purposes across U S A.
Growth Factors:
- Increasing demand for balancing machines from the automotive and aerospace industries
- Growing popularity of automated balancing machines
- Rising demand for high-precision balancing machines
- Proliferation of online sales channels for balancing machines
- Emergence of new applications for balancing machines
Scope Of The Report
Report Attributes
Report Details
Report Title
Balancing Machine Market Research Report
By Type
Manual Balancing Machine, Automatic Balancing Machine
By Application
Heavy Industry, Auto Industry, Aviation Industry, Home Appliances, Others
By Companies
SCHENCK, KOKUSAI, DSK, Haimer, CWT, Schiak, Beijing Keeven, Balance United, Shanghai Jianping, BalanStar, BalanceMaster, Nan Jung, CEMB, Hofmann, Cimat, Xiaogansonglin
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
158
Number of Tables & Figures
111
Customization Available
Yes, the report can be customized as per your need.
Global Balancing Machine Market Report Segments:
The global Balancing Machine market is segmented on the basis of:
Types
Manual Balancing Machine, Automatic Balancing Machine
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
Heavy Industry, Auto Industry, Aviation Industry, Home Appliances, 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:
- SCHENCK
- KOKUSAI
- DSK
- Haimer
- CWT
- Schiak
- Beijing Keeven
- Balance United
- Shanghai Jianping
- BalanStar
- BalanceMaster
- Nan Jung
- CEMB
- Hofmann
- Cimat
- Xiaogansonglin
Highlights of The Balancing Machine 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:
- Manual Balancing Machine
- Automatic Balancing Machine
- By Application:
- Heavy Industry
- Auto Industry
- Aviation Industry
- Home Appliances
- 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 Balancing Machine 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?
A balancing machine is a device used to maintain equilibrium in an object or system. It uses a set of weights and pulleys to keep the object or system in balance.
Some of the major players in the balancing machine market are SCHENCK, KOKUSAI, DSK, Haimer, CWT, Schiak, Beijing Keeven, Balance United, Shanghai Jianping, BalanStar, BalanceMaster, Nan Jung, CEMB, Hofmann, Cimat, Xiaogansonglin.
The balancing machine market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Balancing Machine 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 Balancing Machine Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Balancing Machine 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 Balancing Machine 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 Balancing Machine Market Size & Forecast, 2020-2028
4.5.1 Balancing Machine Market Size and Y-o-Y Growth
4.5.2 Balancing Machine Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Manual Balancing Machine
5.2.2 Automatic Balancing Machine
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Heavy Industry
6.2.2 Auto Industry
6.2.3 Aviation Industry
6.2.4 Home Appliances
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Balancing Machine Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Balancing Machine Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Manual Balancing Machine
9.6.2 Automatic Balancing Machine
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Heavy Industry
9.10.2 Auto Industry
9.10.3 Aviation Industry
9.10.4 Home Appliances
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
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 Europe Market Size Forecast by Type
10.6.1 Manual Balancing Machine
10.6.2 Automatic Balancing Machine
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Heavy Industry
10.10.2 Auto Industry
10.10.3 Aviation Industry
10.10.4 Home Appliances
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
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 Asia Pacific Market Size Forecast by Type
11.6.1 Manual Balancing Machine
11.6.2 Automatic Balancing Machine
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Heavy Industry
11.10.2 Auto Industry
11.10.3 Aviation Industry
11.10.4 Home Appliances
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
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 Latin America Market Size Forecast by Type
12.6.1 Manual Balancing Machine
12.6.2 Automatic Balancing Machine
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Heavy Industry
12.10.2 Auto Industry
12.10.3 Aviation Industry
12.10.4 Home Appliances
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Manual Balancing Machine
13.6.2 Automatic Balancing Machine
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Heavy Industry
13.10.2 Auto Industry
13.10.3 Aviation Industry
13.10.4 Home Appliances
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Balancing Machine Market: Competitive Dashboard
14.2 Global Balancing Machine Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 SCHENCK
14.3.2 KOKUSAI
14.3.3 DSK
14.3.4 Haimer
14.3.5 CWT
14.3.6 Schiak
14.3.7 Beijing Keeven
14.3.8 Balance United
14.3.9 Shanghai Jianping
14.3.10 BalanStar
14.3.11 BalanceMaster
14.3.12 Nan Jung
14.3.13 CEMB
14.3.14 Hofmann
14.3.15 Cimat
14.3.16 Xiaogansonglin
