Earlier Report Observations
The German market for balancing machines entered a period of regulatory anticipation in 2018 with the introduction of the Supply Chain Due Diligence Act, which imposed new human rights and environmental standards on manufacturers' global operations. Early discussions on the forthcoming EU Machinery Regulation further heightened industry focus on future digital and safety requirements. This preparatory phase was abruptly interrupted in 2020 when the COVID-19 pandemic severely disrupted supply chains for specialized components like sensors and controllers, leading to a sharp contraction in market volume to 65.2 million US dollars.
Recovery began in 2021 as manufacturers started planning for the EU Data Act, devising data-access strategies for connected balancing machines. The momentum continued into 2022 when the publication of a detailed comparison between the old and new machinery directives spurred early retrofit projects in major firms like Siemens Energy and Bosch Rexroth, supporting demand. This trend culminated in 2023 with the official publication of EU Machinery Regulation 2023/1230, which mandated new safety, AI integration, and cybersecurity standards, compelling widespread investment in equipment upgrades and conformity assessments and driving the market to a peak of 102.5 million US dollars.
The market adjusted to 90.4 million US dollars in 2024. Regulatory implementation intensified with the EU Data Act coming into force, requiring new data-sharing models for networked machines, and the publication of detailed guidance clarifying AI and risk-assessment requirements under the new machinery regulation.
Table of content
- 1. Disclaimer
- 2. Terms of use of the report
- 3. Product codes in the statistical classifications used in the report
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4. Key Market Indicators and Trends
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4.1. Key Market Indicators
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4.1.1. In value
- 4.1.1.1. Production, 2019-2024
- 4.1.1.2. Imports, 2018-2024
- 4.1.1.3. Exports, 2018-2024
- 4.1.1.4. Market size, 2019-2024
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4.1.1. In value
- 4.2. Market Trends and Factors
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4.1. Key Market Indicators
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5. Production
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5.1. Production in Germany
- 5.1.1. In value, 2019-2024, M $ US
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5.2. Production in the EU, 2018-2024
- 5.2.1. In value, 2018-2024, M $ US
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5.1. Production in Germany
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6. Exports
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6.1. Exports (Direct Data)
- 6.1.1. Exports - Total information
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6.1.2. Exports in kind, t
- 6.1.2.1. Annual dynamics of product's exports from Germany in kind, 2018-2024, t
- 6.1.2.2. Dynamics of product's exports in kind from Germany by countries, 2018-2024, t
- 6.1.2.3. Structure of product's exports in kind by countries, 2018-2024
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6.1.3. Exports in value, M $ US
- 6.1.3.1. Annual dynamics of product's exports from Germany in value, 2018-2024, M $ US
- 6.1.3.2. Dynamics of product's exports in value from Germany by countries, 2018-2024, M $ US
- 6.1.3.3. Structure of product's exports in value by countries, 2018-2024
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6.1.4. Average price of product's exports, $ US/kg
- 6.1.4.1. Annual dynamics of average price of product's exports from Germany, 2018-2024, $ US/kg
- 6.1.4.2. Dynamics of average price of product's exports from Germany by countries, 2018-2024, $ US/kg
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6.2. Exports (Mirror Data)
- 6.2.1. Exports - Total information
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6.2.2. Exports in kind, t
- 6.2.2.1. Annual dynamics of product's exports from Germany in kind, 2018-2024, t
- 6.2.2.2. Dynamics of product's exports in kind from Germany by countries, 2018-2024, t
- 6.2.2.3. Structure of product's exports in kind by countries, 2018-2024
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6.2.3. Exports in value, M $ US
- 6.2.3.1. Annual dynamics of product's exports from Germany in value, 2018-2024, M $ US
- 6.2.3.2. Dynamics of product's exports in value from Germany by countries, 2018-2024, M $ US
- 6.2.3.3. Structure of product's exports in value by countries, 2018-2024
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6.2.4. Average price of product's exports, $ US/kg
- 6.2.4.1. Annual dynamics of average price of product's exports from Germany, 2018-2024, $ US/kg
- 6.2.4.2. Dynamics of average price of product's exports from Germany by countries, 2018-2024, $ US/kg
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6.1. Exports (Direct Data)
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7. Imports
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7.1. Imports (Direct Data)
- 7.1.1. Imports - Total information
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7.1.2. Imports in kind, t
- 7.1.2.1. Annual dynamics of product's imports to Germany in kind, 2018-2024, t
- 7.1.2.2. Dynamics of product's imports in kind to Germany by countries, 2018-2024, t
- 7.1.2.3. Structure of product's imports in kind by countries, 2018-2024
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7.1.3. Imports in value, M $ US
- 7.1.3.1. Annual dynamics of product's imports to Germany in value, 2018-2024, M $ US
- 7.1.3.2. Dynamics of product's imports in value to Germany by countries, 2018-2024, M $ US
- 7.1.3.3. Structure of product's imports in value by countries, 2018-2024
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7.1.4. Average price of product's imports, $ US/kg
- 7.1.4.1. Annual dynamics of average price of product's imports to Germany, 2018-2024, $ US/kg
- 7.1.4.2. Dynamics of average price of product's imports to Germany by countries, 2018-2024, $ US/kg
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7.2. Imports (Mirror Data)
- 7.2.1. Imports - Total information
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7.2.2. Imports in kind, t
- 7.2.2.1. Annual dynamics of product's imports to Germany in kind, 2018-2024, t
- 7.2.2.2. Dynamics of product's imports in kind to Germany by countries, 2018-2024, t
- 7.2.2.3. Structure of product's imports in kind by countries, 2018-2024
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7.2.3. Imports in value, M $ US
- 7.2.3.1. Annual dynamics of product's imports to Germany in value, 2018-2024, M $ US
- 7.2.3.2. Dynamics of product's imports in value to Germany by countries, 2018-2024, M $ US
- 7.2.3.3. Structure of product's imports in value by countries, 2018-2024
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7.2.4. Average price of product's imports, $ US/kg
- 7.2.4.1. Annual dynamics of average price of product's imports to Germany, 2018-2024, $ US/kg
- 7.2.4.2. Dynamics of average price of product's imports to Germany by countries, 2018-2024, $ US/kg
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7.1. Imports (Direct Data)
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8. Trade balance
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8.1. Trade balance (Direct Data)
- 8.1.1. In kind, t
- 8.1.2. In value, M $ US
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8.2. Trade balance (Mirror Data)
- 8.2.1. In kind, t
- 8.2.2. In value, M $ US
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8.1. Trade balance (Direct Data)
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9. Top buying and selling countries, 2018-2024
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9.1. Direct Data
- 9.1.1. Import in Value by Countries-buyers
- 9.1.2. Export in Value by Countries-suppliers
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9.2. Mirror Data
- 9.2.1. Import in Value by Countries-buyers
- 9.2.2. Export in Value by Countries-suppliers
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9.1. Direct Data
Production machines for balancing mechanical parts in Germany
In value, 2017-2020, M $ US
In Germany, the production value of machines for balancing mechanical parts reached 129.2 million US dollars in 2020, marking a significant decrease of 18.4% compared to the previous year. Over the period from 2017 to 2020, production declined by 20.5%, with a compound annual growth rate (CAGR) of -7.4%.
Annual dynamics of production in Germany in value, 2017-2020, M $ US
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | n/a | n/a | (18.4%) | (7.4%) |
Exports machines for balancing mechanical parts from Germany
Exports in kind, t
After a two-year decline, exports of machines for balancing mechanical parts from Germany increased in 2020, reaching 1 695 tonnes, which is 7.2% higher than the previous year. Between 2017 and 2020, exports fell by 30.5%, translating to an annualized rate of -11.4%. The lowest export volume was recorded in 2019 at 1 581 tonnes, with the largest decline of 20.7% also occurring in that year.
Annual dynamics of product's exports from Germany in kind, 2017-2020, t
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | (18.2%) | (20.7%) | 7.2% | (11.4%) |
From 2017 to 2020, exports of machines for balancing mechanical parts from Germany were not heavily concentrated on a few key destinations. China accounted for 16.2% of exports in kind, the United States for 13.0%, and France for 5.5%, with these three countries together making up 34.7% of total export flows.
Structure of product's exports in kind by countries, 2017-2020
World map of product's exports from Germany in kind, 2017-2020
Exports in value, M $ US
Following a two-year decrease, exports of machines for balancing mechanical parts from Germany rose in 2020, with a value of 86.5 million US dollars, representing a 7.7% increase compared to 2019. Between 2017 and 2020, exports dropped by 35.9%, equating to an annualized rate of -13.8%. The lowest export value was recorded in 2019 at 80.3 million US dollars, and the largest decline of 39.0% also occurred in that year.
Annual dynamics of product's exports from Germany in value, 2017-2020, M $ US
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | (2.4%) | (39.0%) | 7.7% | (13.8%) |
Between 2017 and 2020, China, the United States, and Mexico were the main destinations for exports of machines for balancing mechanical parts from Germany in value terms. China accounted for 29.1% of exports, the United States for 19.5%, and Mexico for 8.0%, with these three countries collectively absorbing 56.6% of total export value.
Structure of product's exports in value by countries, 2017-2020
World map of product's exports from Germany in value, 2017-2020
Imports machines for balancing mechanical parts to Germany
Imports in kind, t
Imports of machines for balancing mechanical parts into Germany increased for the second consecutive year in 2020, totaling 1 948 tonnes, which reflects a modest rise of 4.6% compared to 2019. Over the period from 2017 to 2020, imports grew by 4.2%, with a compound annual growth rate (CAGR) of 1.4%. The lowest import volume was recorded in 2018 at 1 737 tonnes, with the largest decline of 7.0% occurring in that year, while the largest increase of 7.2% was recorded in 2019.
Annual dynamics of product's imports to Germany in kind, 2017-2020, t
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | (7.0%) | 7.2% | 4.6% | 1.4% |
From 2017 to 2020, China and Italy were the key partner countries for imports of machines for balancing mechanical parts into Germany in kind, together accounting for 92.4% of total import flows, with other partners making up the remainder.
Structure of product's imports in kind by countries, 2017-2020
World map of product's imports to Germany in kind, 2017-2020
Imports in value, M $ US
In 2020, imports of machines for balancing mechanical parts into Germany amounted to 22.6 million US dollars, down by 16.7% compared to the previous year. Between 2017 and 2020, imports decreased by 15.8%, equating to an annualized rate of -5.6%. The highest import value was recorded in 2019 at 27.1 million US dollars, with the largest increase of 6.1% also occurring in that year.
Annual dynamics of product's imports to Germany in value, 2017-2020, M $ US
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | (4.7%) | 6.1% | (16.7%) | (5.6%) |
During 2017–2020, imports of machines for balancing mechanical parts into Germany in value terms were largely oriented towards Italy and China, whose combined share reached 80.1% of total import flows, with other destinations playing a secondary role.
Structure of product's imports in value by countries, 2017-2020
World map of product's imports to Germany in value, 2017-2020
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