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.
According to the new market research report “Balancing Machine - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”, published by QYResearch, the global Balancing Machine market size is projected to reach USD 0.93 billion by 2030, at a CAGR of 3.6% during the forecast period.
- Global Balancing Machine MarketSize(US$ Million), 2019-2030
Source: QYResearch, "Balancing Machine - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
- Global Balancing Machine Top23Players Ranking and Market Share (Ranking is based on the revenue of 2023, continually updated)
Source: QYResearch, "Balancing Machine - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
According to QYResearch Top Players Research Center, the global key manufacturers of Balancing Machine include Schenck, Shimadzu, Nagahama Seisakusho, DSK, Balance Systems, CEMB, Burke Porter, Hangzhou Jizhi Mechatronic, Kokusai, Abro Balancing, etc. In 2023, the global top 10 players had a share approximately 61.0% in terms of revenue.
- Balancing Machine,Global Market Size, Split by Product Segment
Source: QYResearch, "Balancing Machine - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
In terms of product type, currently Vertical Balancing Machines is the largest segment, hold a share of 62.9%.
Market Drivers: With the increasing industrialization and automation of various sectors such as automotive, aerospace, electronics, and machinery manufacturing, the demand for balancing machines is expected to rise. Balancing machines play a crucial role in ensuring the quality and performance of rotating components, such as engines, turbines, pumps, and motors, which are widely used in these industries.
About The Authors
| Chen - Senior Analyst
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Email: chenglijun@qyresearch.com |
| Lijun Chen is a senior research analyst who has 8 years’ experience in semiconductor, materials, chemicals and mineral resource, etc.. | |
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