Market Overview:
The global spring balancer 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 lightweight vehicles and rising demand for automotive components and accessories. In terms of type, the light capacity segment is expected to witness highest growth during the forecast period owing to its low weight and easy installation. By application, the industrial assembly line segment is projected to hold a dominant share in terms of revenue in 2018, followed by automotive components and accessories welding segment.
Product Definition:
A Spring Balancer is a tool used to evenly distribute the weight of a load across two or more points by using springs. This is important because it prevents one point from becoming overloaded and breaking, which could cause damage to the object or injury to people.
Light Capacity:
Light capacity is the maximum weight or volume that can be lifted using a spring balanced mechanism. The lightest possible load for a given length of spring is called the base weight or basic load and it determines the smallest size balancer needed to balance an object.
The lightest possible load for a given length of spring is called the base weight or basic load and it determines the smallest size balancer needed to balance an object.
Standard Capacity:
The standard capacity of a balancer is the weight or volume measure for an object placed in it. The most commonly used standard capacity balancers are sacks, pails, drums and IBCs (Individual Chemical Containers). A sack is the unit of measurement for weighing agricultural products such as flour, feed grains and seeds. It can hold a maximum weight of 10 kg which makes it convenient to use in agriculture sector.
Application Insights:
The automotive application segment accounted for the largest revenue share of over 30% in 2017. The use of spring balancers in automobile manufacturing plants ensures that all the vehicles leave the production line with an even distribution of weight. This helps improve vehicle stability and handling, as well as reduce tire wear due to uneven loading during transportation and storage. In addition, these devices help prevent accidents caused by toppling or slipping load while loading or unloading a vehicle from a trailer onto a truck bed.
The industrial assembly line segment is expected to register the fastest CAGR over the forecast period owing to increasing demand for lightweight products with improved performance characteristics such as high strength and durability at competitive prices coupled with reduced environmental impact. Furthermore, growing awareness regarding energy-efficient products among manufacturers is expected to promote usage of spring balancers which will further boost market growth over next few years.
Regional Analysis:
Asia Pacific is expected to be the largest and fastest-growing regional market over the forecast period. The region’s growth can be attributed to increasing production activities in various industries including automotive, electronics, textile, and others. In addition, rising demand for light weight vehicles coupled with stringent regulations by regulatory bodies such as Society of Automotive Engineers (SAE) regarding fuel economy of vehicles will drive the market further.
The Asia Pacific was followed by Europe that accounted for a revenue share of 22% in 2017 owing to high product demand from major application sectors such as industrial assembly line and accessories welding. However, Middle East & Africa is anticipated to register significant growth over the forecast period owing to rapid development in its manufacturing sector especially oil & gas industry which requires balancing services for vibration control applications among others.
Growth Factors:
- Increasing demand from the automotive and aerospace industries for lightweight and high-performance materials is expected to drive the growth of the Spring Balancer market.
- The increasing use of Spring Balancer in medical devices is also projected to boost the growth of this market in the near future.
- Rising demand for miniaturized and portable devices is also anticipated to fuel the growth of this market in forthcoming years.
- Growing popularity of 3D printing technology is also expected to create new opportunities for players operating in this market over next few years. 5) Technological advancements are likely to provide impetus to the growth prospects of Spring Balancer market during forecast period
Scope Of The Report
Report Attributes
Report Details
Report Title
Spring Balancer Market Research Report
By Type
Light Capacity, Standard Capacity, Large Capacity
By Application
Automotive, Accessories Welding, Industrial Assembly Line, Other
By Companies
Ingersoll Rand, Molex/Aeromotive, TECNA SpA, Nitto kohki, ENDO KOGYO CO.LTD, Hendo Industries, Chenghua, ARO Welding Technologies SAS, POWERMASTER LTD, SAMKOOK, Carl Stahl Kromer, V. Ã…. Gram A/S, ZENA, SUMAKE, KITO PWB
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
239
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Spring Balancer Market Report Segments:
The global Spring Balancer market is segmented on the basis of:
Types
Light Capacity, Standard Capacity, Large Capacity
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
Automotive, Accessories Welding, Industrial Assembly Line, Other
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:
- Ingersoll Rand
- Molex/Aeromotive
- TECNA SpA
- Nitto kohki
- ENDO KOGYO CO.LTD
- Hendo Industries
- Chenghua
- ARO Welding Technologies SAS
- POWERMASTER LTD
- SAMKOOK
- Carl Stahl Kromer
- V. Ã…. Gram A/S
- ZENA
- SUMAKE
- KITO PWB
Highlights of The Spring Balancer 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:
- Light Capacity
- Standard Capacity
- Large Capacity
- By Application:
- Automotive
- Accessories Welding
- Industrial Assembly Line
- Other
- 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 Spring Balancer 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
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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?
Spring Balancer is a tool that helps you balance your load between two or more servers.
Some of the major companies in the spring balancer market are Ingersoll Rand, Molex/Aeromotive, TECNA SpA, Nitto kohki, ENDO KOGYO CO.LTD, Hendo Industries, Chenghua, ARO Welding Technologies SAS, POWERMASTER LTD, SAMKOOK, Carl Stahl Kromer, V. ƒâ€¦. Gram A/S, ZENA, SUMAKE, KITO PWB.
The spring balancer 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. Spring Balancer 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. Spring Balancer Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Spring Balancer Market - Supply Chain
4.5. Global Spring Balancer Market Forecast
4.5.1. Spring Balancer Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Spring Balancer Market Size (000 Units) and Y-o-Y Growth
4.5.3. Spring Balancer Market Absolute $ Opportunity
5. Global Spring Balancer 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. Spring Balancer Market Size and Volume Forecast by Type
5.3.1. Light Capacity
5.3.2. Standard Capacity
5.3.3. Large Capacity
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Spring Balancer 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. Spring Balancer Market Size and Volume Forecast by Application
6.3.1. Automotive
6.3.2. Accessories Welding
6.3.3. Industrial Assembly Line
6.3.4. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Spring Balancer 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. Spring Balancer 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 Spring Balancer 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. Spring Balancer 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 Spring Balancer Demand Share Forecast, 2019-2026
9. North America Spring Balancer 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 Spring Balancer 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 Spring Balancer Market Size and Volume Forecast by Application
9.4.1. Automotive
9.4.2. Accessories Welding
9.4.3. Industrial Assembly Line
9.4.4. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Spring Balancer Market Size and Volume Forecast by Type
9.7.1. Light Capacity
9.7.2. Standard Capacity
9.7.3. Large Capacity
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 Spring Balancer Demand Share Forecast, 2019-2026
10. Latin America Spring Balancer 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 Spring Balancer 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 Spring Balancer Market Size and Volume Forecast by Application
10.4.1. Automotive
10.4.2. Accessories Welding
10.4.3. Industrial Assembly Line
10.4.4. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Spring Balancer Market Size and Volume Forecast by Type
10.7.1. Light Capacity
10.7.2. Standard Capacity
10.7.3. Large Capacity
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 Spring Balancer Demand Share Forecast, 2019-2026
11. Europe Spring Balancer 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 Spring Balancer 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 Spring Balancer Market Size and Volume Forecast by Application
11.4.1. Automotive
11.4.2. Accessories Welding
11.4.3. Industrial Assembly Line
11.4.4. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Spring Balancer Market Size and Volume Forecast by Type
11.7.1. Light Capacity
11.7.2. Standard Capacity
11.7.3. Large Capacity
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 Spring Balancer Demand Share, 2019-2026
12. Asia Pacific Spring Balancer 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 Spring Balancer 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 Spring Balancer Market Size and Volume Forecast by Application
12.4.1. Automotive
12.4.2. Accessories Welding
12.4.3. Industrial Assembly Line
12.4.4. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Spring Balancer Market Size and Volume Forecast by Type
12.7.1. Light Capacity
12.7.2. Standard Capacity
12.7.3. Large Capacity
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 Spring Balancer Demand Share, 2019-2026
13. Middle East & Africa Spring Balancer 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 Spring Balancer 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 Spring Balancer Market Size and Volume Forecast by Application
13.4.1. Automotive
13.4.2. Accessories Welding
13.4.3. Industrial Assembly Line
13.4.4. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Spring Balancer Market Size and Volume Forecast by Type
13.7.1. Light Capacity
13.7.2. Standard Capacity
13.7.3. Large Capacity
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 Spring Balancer Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Spring Balancer Market: Market Share Analysis
14.2. Spring Balancer Distributors and Customers
14.3. Spring Balancer Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Ingersoll Rand
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Molex/Aeromotive
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. TECNA SpA
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Nitto kohki
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. ENDO KOGYO CO.LTD
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Hendo Industries
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Chenghua
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. ARO Welding Technologies SAS
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. POWERMASTER LTD
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. SAMKOOK
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Carl Stahl Kromer
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. V. Å. Gram A/S
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. ZENA
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. SUMAKE
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. KITO PWB
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
