Market Overview:
The global manual balancing machine market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for manual balancing machines from the heavy industry, auto industry, aviation industry, and home appliances industries. Additionally, the growing demand for manual balancing machines in regions such as Asia Pacific and Latin America is also contributing to the growth of this market. However, factors such as high installation and maintenance costs may restrain the growth of this market during the forecast period.
Product Definition:
A manual balancing machine is a device used to balance objects. It consists of a base, an arm, and a weight. The object to be balanced is placed on the base, and the arm is moved up or down until the object is balanced.
Heavy Balancing Machine:
Heavy balancers are used to balance the weight of the machine on one wheel, which is generally a cast iron or steel plate. The heavy balancer has an open frame with a single or double balanced armature mounted at its center. It can be distinguished from other types of balancing machines such as torsion and reaction balances by looking at its structure since it has an open framework instead of being enclosed like other balancing machines.
Medium Balancing Machine:
The machine is used to balance the weight of the media in a printing press. It helps in maintaining uniformity and quality of print. The machine consists of two main parts, which are platform and weighing mechanism.
Platform: This part has a number of adjustments that allow for different types or sizes of weighing mechanisms to be used depending on what type or size paper being printed on.
Application Insights:
The heavy industry segment dominated the global manual balancing machine market in 2017, accounting for a share of over 40.0% in terms of revenue. The growth can be attributed to the increasing demand for metal and machinery from various industries such as automotive, construction, aerospace and defense among others. In addition, factors such as high production volumes coupled with low scrap rates are also boosting the segment growth across the globe.
The aviation industry is one of the fastest growing application areas for manual balancing machines due to its requirement to maintain precise weight distribution during aircraft manufacturing process which includes components like engines and wings along with other critical parts that need perfect alignment accuracy during their assembly & disassembly procedures respectively.
Regional Analysis:
Asia Pacific is expected to be the largest market for manual balancers over the forecast period. The region has been witnessing strong economic growth on account of increasing industrial output and manufacturing activities in countries such as China, India, Japan, and South Korea. Growing automotive production in these regions coupled with a rise in aviation industry sales is anticipated to drive product demand over the next eight years.
Europe was estimated to be the second-largest market for manual balancers globally after Asia Pacific based on revenue share in 2017 owing to high demand from heavy industry applications from European countries such as Germany and France along with other Eastern European nations. North America accounted for a significant revenue share of 17% of global market volume due to high demand from U.S.
Growth Factors:
- Increasing demand from end-use industries
- Growing popularity of manual balancing machines among small and medium enterprises (SMEs)
- Rising investments by leading players in research and development (R&D) activities to develop new products
- Proliferation of online marketing channels that offer a wide range of manual balancing machines at competitive prices
- Growing number of manufacturing facilities across the globe
Scope Of The Report
Report Attributes
Report Details
Report Title
Manual Balancing Machine Market Research Report
By Type
Heavy Balancing Machine, Medium Balancing Machine, Small 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
241
Number of Tables & Figures
169
Customization Available
Yes, the report can be customized as per your need.
Global Manual Balancing Machine Market Report Segments:
The global Manual Balancing Machine market is segmented on the basis of:
Types
Heavy Balancing Machine, Medium Balancing Machine, Small 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 Manual 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:
- Heavy Balancing Machine
- Medium Balancing Machine
- Small 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 Manual 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 manual balancing machine is a device used to maintain equilibrium in an object or system by adjusting its weight.
Some of the major players in the manual 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 manual balancing machine 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. Manual Balancing Machine 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. Manual Balancing Machine Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Manual Balancing Machine Market - Supply Chain
4.5. Global Manual Balancing Machine Market Forecast
4.5.1. Manual Balancing Machine Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Manual Balancing Machine Market Size (000 Units) and Y-o-Y Growth
4.5.3. Manual Balancing Machine Market Absolute $ Opportunity
5. Global Manual Balancing Machine 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. Manual Balancing Machine Market Size and Volume Forecast by Type
5.3.1. Heavy Balancing Machine
5.3.2. Medium Balancing Machine
5.3.3. Small Balancing Machine
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Manual Balancing Machine 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. Manual Balancing Machine Market Size and Volume Forecast by Application
6.3.1. Heavy Industry
6.3.2. Auto Industry
6.3.3. Aviation Industry
6.3.4. Home Appliances
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Manual Balancing Machine 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. Manual Balancing Machine 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 Manual Balancing Machine 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. Manual Balancing Machine 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 Manual Balancing Machine Demand Share Forecast, 2019-2026
9. North America Manual Balancing Machine 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 Manual Balancing Machine 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 Manual Balancing Machine Market Size and Volume Forecast by Application
9.4.1. Heavy Industry
9.4.2. Auto Industry
9.4.3. Aviation Industry
9.4.4. Home Appliances
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Manual Balancing Machine Market Size and Volume Forecast by Type
9.7.1. Heavy Balancing Machine
9.7.2. Medium Balancing Machine
9.7.3. Small Balancing Machine
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 Manual Balancing Machine Demand Share Forecast, 2019-2026
10. Latin America Manual Balancing Machine 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 Manual Balancing Machine 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 Manual Balancing Machine Market Size and Volume Forecast by Application
10.4.1. Heavy Industry
10.4.2. Auto Industry
10.4.3. Aviation Industry
10.4.4. Home Appliances
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Manual Balancing Machine Market Size and Volume Forecast by Type
10.7.1. Heavy Balancing Machine
10.7.2. Medium Balancing Machine
10.7.3. Small Balancing Machine
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 Manual Balancing Machine Demand Share Forecast, 2019-2026
11. Europe Manual Balancing Machine 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 Manual Balancing Machine 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 Manual Balancing Machine Market Size and Volume Forecast by Application
11.4.1. Heavy Industry
11.4.2. Auto Industry
11.4.3. Aviation Industry
11.4.4. Home Appliances
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Manual Balancing Machine Market Size and Volume Forecast by Type
11.7.1. Heavy Balancing Machine
11.7.2 Medium Balancing Machine
11.7.3. Small Balancing Machine
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 Manual Balancing Machine Demand Share, 2019-2026
12. Asia Pacific Manual Balancing Machine 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 Manual Balancing Machine 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 Manual Balancing Machine Market Size and Volume Forecast by Application
12.4.1. Heavy Industry
12.4.2. Auto Industry
12.4.3. Aviation Industry
12.4.4. Home Appliances
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Manual Balancing Machine Market Size and Volume Forecast by Type
12.7.1. Heavy Balancing Machine
12.7.2. Medium Balancing Machine
12.7.3. Small Balancing Machine
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 Manual Balancing Machine Demand Share, 2019-2026
13. Middle East & Africa Manual Balancing Machine 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 Manual Balancing Machine 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 Manual Balancing Machine Market Size and Volume Forecast by Application
13.4.1. Heavy Industry
13.4.2. Auto Industry
13.4.3. Aviation Industry
13.4.4. Home Appliances
13.4.5. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Manual Balancing Machine Market Size and Volume Forecast by Type
13.7.1. Heavy Balancing Machine
13.7.2. Medium Balancing Machine
13.7.3. Small Balancing Machine
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 Manual Balancing Machine Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Manual Balancing Machine Market: Market Share Analysis
14.2. Manual Balancing Machine Distributors and Customers
14.3. Manual Balancing Machine Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. SCHENCK
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. KOKUSAI
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. DSK
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Haimer
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. CWT
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Schiak
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Beijing Keeven
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Balance United
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Shanghai Jianping
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. BalanStar
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. BalanceMaster
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Nan Jung
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. CEMB
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Hofmann
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Cimat
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Xiaogansonglin
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
