Automotive Balance Shaft Market is driven by increasing demand for vehicles with better fuel economy | American Axle & Manufacturing, Inc., Engine Power Components, Inc., Hirschvogel Group, Linamar Corporation

Global Automotive Balance Shaft report from Global Insight Services is the single authoritative source of intelligence on Automotive Balance Shaft market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters' and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

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Automotive balance shafts are used in engines to counterbalance the unbalanced rotational forces that are generated by the engine's pistons. By counterbalancing these forces, the engine is able to run smoother and with less vibration. The balance shafts are typically located in the engine's crankcase, and they are driven by the engine's crankshaft.

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Market Segments
The automotive bioplastics market bifurcated on the basis of engine type, manufacturing process, application, and region. On the basis of engine type, it is segmented into inline-3 cylinder, inline-4 cylinder, inline-5 cylinder, and others. By manufacturing process, it is analyzed across forged balance shaft and cast balance shaft. By application, it is segmented into passenger cars, light commercial vehicles, and high commercial vehicles. Region-wise, it is studied across North America, Europe, Asia-Pacific, and rest of the World.

Key Players
The automotive bioplastics market report includes players such as American Axle & Manufacturing, Inc., Engine Power Components, Inc., Hirschvogel Group, Linamar Corporation, MAT Foundry Group Ltd., Musashi Seimitsu Industry Co., Ltd., Ningbo Jingda Hardware Manufacture Co., Ltd., Otics Corporation, Sansera Engineering Limited, and TFO Corporation

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Key Drivers
There are a few key drivers of the automotive balance shaft market. Firstly, the increasing demand for vehicles with better fuel economy is driving the market for balance shafts. Secondly, the need for reduced engine noise and the vibration is also a key driver for this market. Additionally, the increasing stringency of emission norms is another important driver for the automotive balance shaft market.

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