Global Balancing Machines Market Growth 2024-2030

Global Balancing Machines Market Growth 2024-2030

A balancing machine is a measuring tool used for balancing rotating machine parts such as rotors for electric motors, fans, turbines, disc brakes, disc drives, propellers and pumps. Balancing machines are used to measure and correct the unbalance of rotating components (rotors). A typical balancing machine has pedestals, with some kind of roller bearings on top. A rotor is placed on these roller bearings so that the rotor can rotate easily. A belt is slung around the rotor and driven by an electric motor to make the rotor spin.

The global Balancing Machines market size is projected to grow from US$ 728 million in 2024 to US$ 915 million in 2030; it is expected to grow at a CAGR of 3.9% from 2024 to 2030.

LP Information, Inc. (LPI) ' newest research report, the “Balancing Machines Industry Forecast” looks at past sales and reviews total world Balancing Machines sales in 2023, providing a comprehensive analysis by region and market sector of projected Balancing Machines sales for 2024 through 2030. With Balancing Machines sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Balancing Machines industry.

This Insight Report provides a comprehensive analysis of the global Balancing Machines landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Balancing Machines portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Balancing Machines market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Balancing Machines and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Balancing Machines.

The core global balancing machines manufacturers include Schenck, Shimadzu, Nagahama, DSK, Balance Systems and CEMB, etc. The top three manufacturers account for approximately 29% of the global share. China is the world's largest market, accounting for nearly 27% of the market.

In terms of product type, vertical balancing machines occupy a dominant position, accounting for 72% of the market share. At the same time, in terms of application, the auto industry is the largest application field, accounting for 35%.

This report presents a comprehensive overview, market shares, and growth opportunities of Balancing Machines market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Vertical Balancing Machines
Horizontal Balancing Machines

Segmentation by Application:
Auto Industry
Home Appliances
Heavy Industry
Aviation Industry
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Schenck
Shimadzu
Nagahama Seisakusho
DSK
Balance Systems
CEMB
Burke Porter
Hangzhou Jizhi Mechatronic
Kokusai
Abro Balancing
Haimer
Balance United
JP Balancing Machine
Hines
Hofmann
CWT Industries
TIRA GmbH
BalanStar
Beijing Keeven
Kaiser Sistemas
BalanceMaster
Nan Jung
Sigma Electronics

Key Questions Addressed in this Report

What is the 10-year outlook for the global Balancing Machines market?

What factors are driving Balancing Machines market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Balancing Machines market opportunities vary by end market size?

How does Balancing Machines break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.