Automotive Balance Shaft Market - Global Industry Analysis

Automotive Balance Shaft Market was valued $10,489.0 million in 2020 and is projected to reach $16,691.3 million in 2030, registering a CAGR of 4.9%.

Balance shaft is a weighted shaft utilized for offsetting the vibrations in vehicle engine. A balance shaft system comprises two shafts having equal eccentric weights and revolves in opposite directions with twice the engine speed. The centrifugal forces generated by shafts cancel out the vertical second-order forces generated by engine. Balance shafts are commonly used in inline 4-cylinder engines.

A balance shaft is an automotive engineering term for a shaft used to rotate at the same speed as the engine crankshaft but in the opposite direction. The purpose of a balance shaft is to cancel out the unbalanced forces generated by the engine's reciprocating mass, resulting in a smoother engine operation. This type of shaft is also used in some non-automotive applications, such as in some types of pumps and compressors.

The increasing sales of passenger vehicles globally on account of inflating income levels and rapid urbanization represent one of the major factors bolstering the market's growth. Automotive balance shafts help decrease engine harshness, noise, vibration and ensure the comfort of passenger Apart from this, the increasing use of commercial vehicles also influencing the market positively. Moreover, the growing working population is driving the need for interconnected mobility solutions which decrease the road traffic, provide diverse travel options and commute times. These factors offer lucrative opportunities to the manufacturers to retain a competitive edge and increase their product portfolio in the market.

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The primary and secondary research is done in order to access up-to-date government regulations, market information and industry data. Data were collected from the Automotive Balance Shaft manufacturers, distributors, end users, industry associations, governments' industry bureaus, industry publications, industry experts, third party database, and our in-house databases. The report combines extensive quantitative analysis and exhaustive qualitative analysis, ranges from a macro overview of the total market size, industry chain, and market dynamics to micro details of segment by type, application and region and as a result provides a holistic view of as well as a deep insight into the Automotive Balance Shaft market covering all its essential aspects.

The boosting sales of passenger vehicles worldwide on account of rapid urbanization and inflating income levels represent one of the major factors bolstering the market growth. Automotive balance shafts help reduce engine noise, vibration, and harshness and ensure passenger comfort. Apart from this, the rising use of commercial vehicles, such as buses, trucks, taxicabs, trailers, and vans, in transportation and logistics is influencing the market positively.

Moreover, the emerging trend of online shopping, along with the expanding global trade, is propelling the utilization of commercial vehicles in logistics for shipments. This, in turn, is contributing to the market growth. Additionally, the growing working population is driving the need for interconnected mobility solutions that reduce road traffic and commute times and provide diverse travel options.

Global Automotive Balance Shaft Market: Segmentations

Global Automotive Balance Shaft Market: By Key Players
American Axle & Manufacturing Holdings, Inc.
LACO
Mitec-jebsen Automotive Systems (Dalian) Co Ltd
Musashi Seimitsu Industry Co., Ltd.
Ningbo Jingda Hardware Manufacture Co., Ltd.
Otics Corporation
Sansera Engineering Pvt. Ltd
SHW AG,
SKF Group AB,
TFO Corporation

Global Automotive Balance Shaft Market: By Types
Inline-3 Cylinder Engine
Inline-4 Cylinder Engine
Inline-5 Cylinder Engine
V6 Engine

Global Automotive Balance Shaft Market: By Applications
Passenger Cars
Light Commercial Vehicles
High Commercial Vehicles

Global Automotive Balance Shaft Market: Regional Analysis
The countries covered in the regional analysis of the Global Automotive Balance Shaft market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.

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Key Benefits:

• The analysis provides an overview of the factors driving and limiting the growth of the market including trends, structure and others.
• Market estimation for type and geographic segments is derived from the current market scenario and expected market trends.
• Porter's Five Force Model and SWOT analysis are used to study the global Automotive Balance Shaft market and would help stakeholders make strategic decisions.
• The analysis assists in understanding the strategies adopted by the companies for the growth of this market.
• In-depth analysis of the types of Automotive Balance Shaft would help in identifying future applications in this market.

Reasons to Purchase the Automotive Balance Shaft Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.

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