03-Mar-2020 | Facts and Factors
Findings from Facts and Factors report “Balancing Machines Market By Type (Gravity Type, and Centrifugal Type) and By Application (Industrial Equipment, Automotive, and Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” states that the global balancing machines market in 2019 was approximately USD 94 Million. The market is expected to grow at a CAGR of 3% and is anticipated to reach around USD 118 Million by 2026.
A balancing machine is one of the measuring tools. it is used for balancing rotating machines these parts are rotors for propellers, turbines, electric motors, pumps, fans, disc drives, and disc brakes. The machine contains two rigid pedestals, with bearings and suspension on top supportive of a mounting platform. Modern balancing instrumentation systems display this information easy to understand and graphical way, creating it instinctive and effective for the operator to perform unbalanced corrections.
Balancing machine help to control reduced or added balance of that particular part. The complete semiautomatic balancing machine completes the whole balancing process and leaves only loading, cycle initiation, and unloading to the operator. A balancing machine is a computing device for dynamic or static unbalance.
As the suspension of vibration is detected with sensors, the part is rotated and this information is used to define the amount of unbalance part. Dynamic balancing machines measure centrifugal force to hard-bearing machines and vibration to soft-bearing machines. There are some instruments and modern technologies that provide thorough information in how manner the balancing process can be read such as portable balancers, and vibration analyzers data collectors.
Browse the full “Balancing Machines Market By Type (Gravity Type, and Centrifugal Type) and By Application (Industrial Equipment, Automotive, and Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026" report at https://www.fnfresearch.com/balancing-machines-market-by-type-gravity-type-and
The balancing machine market is estimated to register insistent growth over the forecast period. The growth of the market is determined as favorable growth in the automotive industry. Moreover, quick urbanization, and improving infrastructure is also dynamic in the balancing machine market.
High operating costs of balancing machines are the main restraint for the balancing machine market. Hence, development costs & high research remain affecting the profit margins of the market.
Regional Overview:
The global balancing machine market is divided into major regions like Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. The Asia Pacific is anticipated to grow at a major rate over the forecast period. The major countries in the balancing machine market are China, Japan, India, South Korea, and Southeast Asia. China is one of the top-producing countries in the world. China's countries are growing with CAGR 4%.
Segmental Overview:
On the basis of type, the balancing machine market is segmented into gravity type and centrifugal type. Gravity balancing machines can be classified by the kind of unbalanced machine is accomplished indicating (static), the attitude of the journal axis of the workpiece (horizontal or vertical), and the types of machine (pendulum or Knife-Edges).
On the basis of application, the balancing machine market is segmented as industrial equipment, automotive, and others. The Automotive Segment includes balancing equipment for types of manufactures, wheel manufacturers, garage equipment, and other balancing machines which are used in the automotive industry. The Industrial Segment includes Machine Tool Industry, Aerospace aircraft, mining, ventilation, energy, shipbuilding, Power Generation Industries, metallurgical, paper and agricultural, and Turbomachinery.
Report Scope
Report Attribute |
Details |
Market Size in 2019 |
USD 94 Million |
Projected Market Size in 2026 |
USD 118 Million |
CAGR Growth Rate |
3% CAGR |
Base Year |
2019 |
Forecast Years |
2020-2026 |
Key Market Players |
SCHENCK, DSK Co. Ltd, CEMB S.p.A, HOFMANN, BALANCING USA, HINES, Kokusai, HAIMER., and others. |
Key Segment |
By Type, Application, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa |
Purchase Options |
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Competitive Landscape:
Some of the key players operating in the market include SCHENCK, DSK Co. Ltd, CEMB S.p.A, HOFMANN, BALANCING USA, HINES, Kokusai, and HAIMER.
This report segments the balancing machines market as follows:
Global Balancing Machines Market: By Type
- Gravity Type
- Centrifugal Type
Global Balancing Machines Market: By Application
- Industrial Equipment
- Automotive
- Others
Global Balancing Machines Market: By Region
- North America
- Europe
- Germany
- The UK
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of the Middle East & Africa
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