Global Single Vertical Balancing Machine Market Growth 2023-2029

Global Single Vertical Balancing Machine Market Growth 2023-2029

Product Code:458474

Published Date: Feb 08,2023

Pages: 116

Region: Global

Category: Machinery & Equipment

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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. The machine usually consists of two rigid pedestals, with suspension and bearings on top supporting a mounting platform. The unit under test is bolted to the platform and is rotated either with a belt-, air-, or end-drive. As the part is rotated, the vibration in the suspension is detected with sensors and that information is used to determine the amount of unbalance in the part. Along with phase information, the machine can determine how much and where to add or remove weights to balance the part.

LPI (LP Information)' newest research report, the “Single Vertical Balancing Machine Industry Forecast” looks at past sales and reviews total world Single Vertical Balancing Machine sales in 2022, providing a comprehensive analysis by region and market sector of projected Single Vertical Balancing Machine sales for 2023 through 2029. With Single Vertical Balancing Machine sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Single Vertical Balancing Machine industry.

This Insight Report provides a comprehensive analysis of the global Single Vertical Balancing Machine 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 Single Vertical Balancing Machine portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Single Vertical Balancing Machine market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Single Vertical Balancing Machine 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 Single Vertical Balancing Machine.

The global Single Vertical Balancing Machine market size is projected to grow from US$ 196.6 million in 2022 to US$ 240.3 million in 2029; it is expected to grow at a CAGR of 240.3 from 2023 to 2029.

Global Single Vertical Balancing Machine key players include Schenck, DSK, Kokusai, Haimer, CEMB, etc. Global top five manufacturers hold a share about 65%. Europe is the largest market, with a share about 45%, followed by North America, with a share about 25 percent. In terms of product, Automatic Balancing Machine is the largest segment, with a share about 90%. And in terms of application, the largest application is Auto Industry, followed by Heavy Industry, Home Appliances, Aviation Industry, etc.

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

Market Segmentation:
Segmentation by type
    Manual Balancing Machine
    Automatic Balancing Machine

Segmentation by application
    Heavy Industry
    Auto Industry
    Aviation Industry
    Home Appliances
    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 analyzing the company's coverage, product portfolio, its market penetration.
    SCHENCK
    KOKUSAI.
    DSK
    Haimer
    CWT
    Schiak
    Beijing Keeven
    Balance United
    Shanghai Jianping
    BalanStar
    BalanceMaster
    Nan Jung
    CEMB
    Hofmann
    Cimat
    Xiaogansonglin

Key Questions Addressed in this Report
What is the 10-year outlook for the global Single Vertical Balancing Machine market?
What factors are driving Single Vertical Balancing Machine market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Single Vertical Balancing Machine market opportunities vary by end market size?
How does Single Vertical Balancing Machine break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?