The global universal balancing machine market is expected to grow at a CAGR of 6.5% during the forecast period, to reach USD 1.2 billion by 2030. The growth of this market is driven by the increasing demand for balancing machines in various industries such as automotive, air conditioning, and motors. The increasing demand for balancing machines in these industries is due to the growing number of vehicles being manufactured and sold globally, which has led to an increase in the number of accidents caused due to faulty tires or wheels that are not balanced properly. The vertical type segment accounted for more than half (55%) share of the global universal balancing machine market in 2017 and it is expected to maintain its dominance throughout the forecast period owing to its high accuracy level and low cost per unit compared with horizontal type machines. The horizontal type segment accounted for 45% share of this market in 2017 and it is expected that it will grow at a CAGR higher than that of vertical type segment during the forecast period owing to its high production capacity per hour as compared with vertical type machines.
- The increasing demand for balancing machines in the automotive industry is a major factor driving the growth of this market.
- The increasing demand for balancing machines in the aerospace industry is a major factor driving the growth of this market.
- The increasing demand for balancing machines in the medical equipment industry is a major factor driving the growth of this market.
- The increase in global population and rise in disposable income are factors that are expected to drive revenue growth over time.
- Increasing awareness about safety standards and regulations, which require balancing machine usage, will also fuel revenue growth.
Industry Growth Insights published a new data on “Universal Balancing Machine Market”. The research report is titled “Universal Balancing Machine Market research by Types (Vertical Type, Horizontal Type), By Applications (Auto Parts, Air Conditioning Parts, Motor Rotor, Other), By Players/Companies CEMB, Cimat, RoTech, SCHENCK RoTec GmbH, Shanghai Jianping Dynamic Balancing Machine, Vneshtorg--Micron”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Universal Balancing Machine Market Research Report
By Type
Vertical Type, Horizontal Type
By Application
Auto Parts, Air Conditioning Parts, Motor Rotor, Other
By Companies
CEMB, Cimat, RoTech, SCHENCK RoTec GmbH, Shanghai Jianping Dynamic Balancing Machine, Vneshtorg--Micron
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
237
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Universal Balancing Machine Market Report Segments:
The global Universal Balancing Machine market is segmented on the basis of:
Types
Vertical Type, Horizontal Type
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
Auto Parts, Air Conditioning Parts, Motor Rotor, 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:
- CEMB
- Cimat
- RoTech
- SCHENCK RoTec GmbH
- Shanghai Jianping Dynamic Balancing Machine
- Vneshtorg--Micron
Highlights of The Universal 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:
- Vertical Type
- Horizontal Type
- By Application:
- Auto Parts
- Air Conditioning Parts
- Motor Rotor
- 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 Universal 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.
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- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
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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?
Universal Balancing Machine is a machine that can balance objects.
Some of the major companies in the universal balancing machine market are CEMB, Cimat, RoTech, SCHENCK RoTec GmbH, Shanghai Jianping Dynamic Balancing Machine, Vneshtorg--Micron.
The universal balancing machine market is expected to grow at a compound annual growth rate of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Universal 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. Universal 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. Universal Balancing Machine Market - Supply Chain
4.5. Global Universal Balancing Machine Market Forecast
4.5.1. Universal Balancing Machine Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Universal Balancing Machine Market Size (000 Units) and Y-o-Y Growth
4.5.3. Universal Balancing Machine Market Absolute $ Opportunity
5. Global Universal 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. Universal Balancing Machine Market Size and Volume Forecast by Type
5.3.1. Vertical Type
5.3.2. Horizontal Type
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Universal 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. Universal Balancing Machine Market Size and Volume Forecast by Application
6.3.1. Auto Parts
6.3.2. Air Conditioning Parts
6.3.3. Motor Rotor
6.3.4. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Universal 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. Universal 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 Universal 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. Universal 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 Universal Balancing Machine Demand Share Forecast, 2019-2026
9. North America Universal 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 Universal 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 Universal Balancing Machine Market Size and Volume Forecast by Application
9.4.1. Auto Parts
9.4.2. Air Conditioning Parts
9.4.3. Motor Rotor
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 Universal Balancing Machine Market Size and Volume Forecast by Type
9.7.1. Vertical Type
9.7.2. Horizontal Type
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 Universal Balancing Machine Demand Share Forecast, 2019-2026
10. Latin America Universal 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 Universal 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 Universal Balancing Machine Market Size and Volume Forecast by Application
10.4.1. Auto Parts
10.4.2. Air Conditioning Parts
10.4.3. Motor Rotor
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 Universal Balancing Machine Market Size and Volume Forecast by Type
10.7.1. Vertical Type
10.7.2. Horizontal Type
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 Universal Balancing Machine Demand Share Forecast, 2019-2026
11. Europe Universal 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 Universal 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 Universal Balancing Machine Market Size and Volume Forecast by Application
11.4.1. Auto Parts
11.4.2. Air Conditioning Parts
11.4.3. Motor Rotor
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 Universal Balancing Machine Market Size and Volume Forecast by Type
11.7.1. Vertical Type
11.7.2. Horizontal Type
11.8. Basis Point Shre (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 Universal Balancing Machine Demand Share, 2019-2026
12. Asia Pacific Universal 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 Universal 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 Universal Balancing Machine Market Size and Volume Forecast by Application
12.4.1. Auto Parts
12.4.2. Air Conditioning Parts
12.4.3. Motor Rotor
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 Universal Balancing Machine Market Size and Volume Forecast by Type
12.7.1. Vertical Type
12.7.2. Horizontal Type
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 Universal Balancing Machine Demand Share, 2019-2026
13. Middle East & Africa Universal 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 Universal 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 Universal Balancing Machine Market Size and Volume Forecast by Application
13.4.1. Auto Parts
13.4.2. Air Conditioning Parts
13.4.3. Motor Rotor
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 Universal Balancing Machine Market Size and Volume Forecast by Type
13.7.1. Vertical Type
13.7.2. Horizontal Type
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 Universal Balancing Machine Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Universal Balancing Machine Market: Market Share Analysis
14.2. Universal Balancing Machine Distributors and Customers
14.3. Universal Balancing Machine Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. CEMB
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Cimat
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. RoTech
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. SCHENCK RoTec GmbH
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Shanghai Jianping Dynamic Balancing Machine
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Vneshtorg--Micron
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
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