Balance Shafts Market Size Forecast: $17.82 Billion by 2029 | Global Outlook

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What Is the Projected Market Size Valuation of the Balance Shafts Market by 2025?
Over the past few years, the market size of balance shafts has significantly expanded. A rise from $14 billion in 2024 to $14.71 billion in 2025, indicating a compound annual growth rate (CAGR) of 5.0%, is expected. Factors such as the expansion of the automotive industry, emphasis on engine performance, strict emission standards, consumer preference for a seamless driving experience, and its usage in high-performance vehicles have contributed to this historic period growth.

What Is the Estimated Market Growth Value for the Balance Shafts Industry in 2029?
Over the coming years, the market size of balance shafts is anticipated to experience consistent growth, expected to ascend to a value of $17.82 billion by 2029 with a compound annual growth rate (CAGR) of 4.9%. The projected growth for this period can be ascribed to factors such as the persistent expansion of the automotive industry, an increased focus on fuel efficiency, the use in electric and hybrid vehicles, the worldwide progression towards electric mobility, and the concentration on vehicle comfort and reduction of noise, vibration and harshness (NVH). The period ahead will witness several significant trends including the evolution of twin-scroll balance shafts, the application of high-tech materials in the creation of balance shafts, employment of variable valve timing (VVT) in balance shaft infrastructures, the utilization of balancer modules for unique engine designs, and the inclusion of technologies to reduce noise, vibration, and harshness (NVH).

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What Are the Growth Drivers and Opportunities in the Balance Shafts Market?
The rising need for fuel efficiency is projected to spur the expansion of the balance shaft market. Fuel efficiency denotes the distance a car can travel utilizing a set quantity of fuel. It assesses how effectively a vehicle or apparatus translates chemical energy from fuel into work or kinetic energy. The application of a balance shaft in an automobile engine decreases friction and engine vibration, which subsequently reduces overall fuel use and aids in lowering CO2 emissions while enhancing fuel efficiency. For example, the U.S. Department of Transportation, a federal executive agency based in the US, outlined new fuel economy standards in April 2022. These standards enhance fuel efficiency by 8% annually from 2024 to 2025, and by 10% annually in 2026. Consequently, the escalating demand for fuel efficiency is propelling the expansion of the balance shaft market.

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What Are the Primary Segments Covered in the Global Balance Shafts Market Report?
The balance shafts market covered in this report is segmented -

1) By Engine Type: Inline-3 Cylinder Engine, Inline-4 Cylinder Engine, Inline-5 Cylinder Engine, V6 Engine
2) By Manufacturing Process: Casting, Forging
3) By Application: Passenger Cars, Light Commercial Vehicle (LCV), Heavy Commercial Vehicle (HCV)

Subsegments:
1) By Inline-3 Cylinder Engine: Small Engine Balance Shafts, Turbocharged Inline-3 Cylinder Balance Shafts
2) By Inline-4 Cylinder Engine: Standard Inline-4 Cylinder Balance Shafts, Turbocharged Inline-4 Cylinder Balance Shafts
3) By Inline-5 Cylinder Engine: Conventional Inline-5 Cylinder Balance Shafts, Turbocharged Inline-5 Cylinder Balance Shafts
4) By V6 Engine: Conventional V6 Engine Balance Shafts, Turbocharged V6 Engine Balance Shafts

What Are the Top Growth Trends in the Balance Shafts Market?
Leading firms in the balance shaft market are shifting their attention to the launch of balance shaft kits to achieve market competitiveness. A balance shaft kit generally includes a series of elements used in internal combustion engines to neutralize vibrations and improve overall engine performance. For example, in April 2022, UK-based Laser Tools introduced a balance shaft removal and installation kit, specifically designed for Jaguar/Land Rover AJ200 2.0-liter diesel engines. Known as part number 8271, this kit is designed for safe removal, reinstallation, and alignment of the gear-driven balance shafts on these engines, matching the standards of several OEM tools. It is compatible with a variety of Jaguar and Land Rover models, including the Jaguar E-Pace, F-Pace, XE, XF, and Land Rover Discovery, and others. The kit comprises everything required for safe removal, installation, and timing of the gear-driven balance shaft on these particular engines.

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Which Companies Are Shaping the Future of the Balance Shafts Market?
Major companies operating in the balance shafts market report are Linamar Corporation, American Axle & Manufacturing Holdings Inc., Schaeffler Technologies AG & Co. KG, Metaldyne Performance Group Inc., Hirschvogel Holding GmbH, SHW AG, MAT Foundry Group Ltd., Sansera Engineering Pvt. Ltd., Ningbo Jingda Hardware Manufacture Co. Ltd., Hirschvogel Group, Engine Power Components Inc., Otics Corporation, Rane Engine Valve Limited, SAC Engine Components Pvt. Ltd., TFO Corporation, Shanghai Spb Industry Co. Ltd., Hines Industries Inc., oso precision GmbH, Bailey Morris Limited, Hunan Qilu Industrial Co. Ltd., Jinan Zhengdian Automobile Parts Co. Ltd., Kersten Maschinenbau GmbH, MFT Motoren und Fahrzeugtechnik GmbH, JL Autoparts Pvt. Ltd., Qingdao Milestone Vehicle Parts Co. Ltd., Mitec-Jebsen Automotive Systems (Dalian) Co Ltd.

Which Region Holds the Largest Market Share in the Balance Shafts Industry?
North America was the largest region in the balance shafts market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the balance shafts market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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