The global automatic positioning balancing machine market is likely to benefit from the rise of the machinery and equipment industry. Increasing automobile production, high demand for home electronics, and strong requirement for industrial and commercial equipment are expected to push forward the growth of the global automatic positioning balancing machine market. According to market experts, it could be difficult for new entrants to overtake established companies in the global automatic positioning balancing machine market in a short period of time. Players may enter into partnerships to reach more number of consumers and better market their products.
In May 2019, Haimer GmbH, a German producer of innovative, high-precision products for metal cutting, automotive, aerospace, energy, rail, and general machining, became a new premium partner of the ice hockey team the Augsburger Panther for the 2019-2020 Deutsche Eishockey Liga.
Increasing Requirement for Machinery and Equipment to Create Lucrative Opportunities
High demand for different types of machinery and equipment used in commercial and industrial applications is expected to increase the growth of the global automatic positioning balancing machine market. Balancing machines with automatic positioning function can correct the unbalance in machine components and parts with better efficiency, speed, and accuracy. This could be one of the significant factors augmenting the demand for automatic positioning balancing machine. Increasing demand for consumer electronics, industrial equipment, and automobile parts such as home appliances, disc brakes, turbines, pumps, electric motors, and propellers is anticipated to support the overall growth of the global automatic positioning balancing machine market.
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Companies to Look to Expand Capabilities and Increase Market Presence in Future
Schenck, JP Balancing Machine, DSK, NIDE, Shimadzu, CEMB, Hofmann, Haimer, HINES, and Kokusai are leading players of the global automatic positioning balancing machine market. Among these, Shimadzu, DSK, and Schenck could be top market players with higher profits. Major differences in the strategies adopted by players are expected to expand the market share gap between them. Early in 2019, Schenck, a provider of products that balance rotating and reciprocating components and sub-assemblies, announced the formation of Schenck USA Corporation through the merger of its American subsidiaries, viz. Schenck RoTec Corporation and Schenck Trebel Corp. The merger will help the company to add to its field service capabilities and expand its presence in the North America market.
By Product Type
- Non-magnetic Automatic Positioning Balancing Machine
- Magnetic Automatic Positioning Balancing Machine
- Automobile Motor Rotors
- Electric Tools
- Home Appliances
The global automatic positioning balancing machine market is segmented into magnetic and non-magnetic on the basis of product type. The report offers deep insights into the growth of these segments in the global automatic positioning balancing machine market. Some of the important applications of automatic positioning balancing machine are home appliances, electric tools, and automobile motor rotors.
Market Analysis by Regions and Countries
The Middle East and Africa (GCC Countries and Egypt.)
North America (the United States, Mexico, and Canada.)
South America (Brazil etc.)
Europe (Turkey, Germany, Russia UK, Italy, France, etc.)
Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia.)
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