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Report World - Machines for Balancing Mechanical Parts - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

World - Machines for Balancing Mechanical Parts - Market Analysis, Forecast, Size, Trends and Insights

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Overview of the Global Market for Machines For Balancing Mechanical Parts

Market Size for Machines For Balancing Mechanical Parts

After two years of decline, the global balancing mechanical parts machine market increased by 6.8% to $X in 2021. Overall, consumption saw a relatively flat trend pattern. Global consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Production of Machines For Balancing Mechanical Parts

In value terms, balancing mechanical parts machine production rose modestly to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the production volume increased by 14%. As a result, production attained the peak level of $X. From 2015 to 2021, global production growth remained at a lower figure.

Exports of Machines For Balancing Mechanical Parts

Exports

After three years of decline, shipments abroad of machines for balancing mechanical parts increased by 14% to X units in 2021. Over the period under review, exports, however, saw a perceptible reduction. The global exports peaked at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, balancing mechanical parts machine exports skyrocketed to $X in 2021. In general, exports, however, continue to indicate a mild slump. The global exports peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, Italy (X units) and the United States (X units) were the main exporters of machines for balancing mechanical partsin the world, together resulting at near 46% of total exports. Germany (X units) ranks next in terms of the total exports with a 12% share, followed by China (11%) and Japan (5.9%). Poland (X units), India (X units), Thailand (X units) and Spain (X units) took a minor share of total exports.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +21.1%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($X), Italy ($X) and Japan ($X) were the countries with the highest levels of exports in 2021, with a combined 52% share of global exports. China, Germany, Spain, Thailand, Poland and India lagged somewhat behind, together comprising a further 32%.

Spain, with a CAGR of +14.6%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average balancing mechanical parts machine export price stood at $X per unit in 2021, growing by 12% against the previous year. Over the last nine years, it increased at an average annual rate of +1.9%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Japan ($X per unit), while Poland ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+6.4%), while the other global leaders experienced more modest paces of growth.

Imports of Machines For Balancing Mechanical Parts

Imports

In 2021, supplies from abroad of machines for balancing mechanical parts increased by 71% to X units, rising for the second consecutive year after two years of decline. Overall, total imports indicated buoyant growth from 2012 to 2021: its volume increased at an average annual rate of +8.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +91.0% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, balancing mechanical parts machine imports soared to $X in 2021. Over the period under review, imports, however, saw a pronounced reduction. Over the period under review, global imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Nigeria was the key importer of machines for balancing mechanical parts in the world, with the volume of imports reaching X units, which was near 36% of total imports in 2021. It was distantly followed by the United States (X units) and Germany (X units), together achieving an 18% share of total imports. Poland (X units), Thailand (X units), the UK (X units), Vietnam (X units), Canada (X units), France (X units), Spain (X units), Indonesia (X units) and Japan (X units) took a little share of total imports.

Nigeria was also the fastest-growing in terms of the machines for balancing mechanical parts imports, with a CAGR of +66.8% from 2012 to 2021. At the same time, Poland (+18.9%), Vietnam (+11.1%), the United States (+8.5%), the UK (+5.7%), Thailand (+2.7%), Canada (+2.3%), France (+2.1%) and Germany (+1.9%) displayed positive paces of growth. By contrast, Japan (-1.5%), Spain (-3.7%) and Indonesia (-4.6%) illustrated a downward trend over the same period. While the share of Nigeria (+35 p.p.) and Poland (+2.4 p.p.) increased significantly in terms of the global imports from 2012-2021, the share of Thailand (-1.9 p.p.), Japan (-2 p.p.), Spain (-3 p.p.), Indonesia (-3.3 p.p.) and Germany (-6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X), Germany ($X) and Thailand ($X) constituted the countries with the highest levels of imports in 2021, with a combined 18% share of global imports. These countries were followed by Nigeria, Canada, the UK, France, Poland, Vietnam, Spain, Japan and Indonesia, which together accounted for a further 21%.

Nigeria, with a CAGR of +48.1%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average balancing mechanical parts machine import price amounted to $X per unit, reducing by -26.1% against the previous year. Overall, the import price showed a abrupt contraction. The pace of growth was the most pronounced in 2018 an increase of 12%. Over the period under review, average import prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Thailand ($X per unit), while Nigeria ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+0.7%), while the other global leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

The countries with the highest volumes of in 2021 were China, the United States and Germany, with a combined 44% share of global consumption. India, Japan, Russia, Thailand, Indonesia, Turkey, Mexico, Poland, Saudi Arabia and Italy lagged somewhat behind, together comprising a further 33%.
The countries with the highest volumes of in 2021 were China, the United States and India, together comprising 40% of global production. Italy, Germany, Japan, Russia, Thailand, Indonesia, Mexico, Turkey, Saudi Arabia and Democratic Republic of the Congo lagged somewhat behind, together comprising a further 48%.
In value terms, the largest balancing mechanical parts machine supplying countries worldwide were the United States, Italy and Japan, together comprising 56% of global exports. These countries were followed by Germany, China, the UK, Spain, Thailand, South Korea, Poland and India, which together accounted for a further 34%.
In value terms, China, the United States and Germany constituted the countries with the highest levels of imports in 2021, with a combined 29% share of global imports. These countries were followed by Thailand, the UK, Poland, Turkey, Indonesia, France, Italy, Spain, Japan and Romania, which together accounted for a further 23%.
In 2021, the average balancing mechanical parts machine export price amounted to $305 per unit, increasing by 6.3% against the previous year.
The average balancing mechanical parts machine import price stood at $128 per unit in 2021, shrinking by -17.9% against the previous year.

This report provides an in-depth analysis of the global market for balancing mechanical parts machine. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 28993970 - Machines for balancing mechanical parts

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

  • Global market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Global production, split by region and country
  • Global trade (exports and imports)
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. GLOBAL PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. GLOBAL IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. GLOBAL EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • United States
    • China
    • Japan
    • Germany
    • United Kingdom
    • France
    • Brazil
    • Italy
    • Russian Federation
    • India
    • Canada
    • Australia
    • Republic of Korea
    • Spain
    • Mexico
    • Indonesia
    • Netherlands
    • Turkey
    • Saudi Arabia
    • Switzerland
    • Sweden
    • Nigeria
    • Poland
    • Belgium
    • Argentina
    • Norway
    • Austria
    • Thailand
    • United Arab Emirates
    • Colombia
    • Denmark
    • South Africa
    • Malaysia
    • Israel
    • Singapore
    • Egypt
    • Philippines
    • Finland
    • Chile
    • Ireland
    • Pakistan
    • Greece
    • Portugal
    • Kazakhstan
    • Algeria
    • Czech Republic
    • Qatar
    • Peru
    • Romania
    • Vietnam

  12. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Imports, In Physical Terms, By Country, 2012–2023
    7. Imports, In Value Terms, By Country, 2012–2023
    8. Import Prices, By Country Of Destination, 2012–2023
    9. Exports, In Physical Terms, By Country, 2012–2023
    10. Exports, In Value Terms, By Country, 2012–2023
    11. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2023
    18. Production, In Value Terms, 2012–2023
    19. Production, By Country, 2023
    20. Production, In Physical Terms, By Country, 2012–2023
    21. Imports, In Physical Terms, 2012–2023
    22. Imports, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, By Country, 2023
    24. Imports, In Physical Terms, By Country, 2012–2023
    25. Imports, In Value Terms, By Country, 2012–2023
    26. Import Prices, By Country, 2012–2023
    27. Exports, In Physical Terms, 2012–2023
    28. Exports, In Value Terms, 2012–2023
    29. Exports, In Physical Terms, By Country, 2023
    30. Exports, In Physical Terms, By Country, 2012–2023
    31. Exports, In Value Terms, By Country, 2012–2023
    32. Export Prices, 2012–2023

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