The Balance Shaft Market is expected to be around US$ 20.84 Billion by 2027 at a CAGR of 5.5% in the given forecast period.
The global Balance Shaft market report scope includes detailed study covering underlying factors influencing the industry trends. The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies. The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Balance Shaft market share. M
The demand for automotive balance shaft is estimated to rise in the future as the demand for noise, vibration and harshness free engines is rising worldwide. The demand for inline-4 cylinder engine is escalating particularly in the Asia Pacific region owing to significant growth in automobile industry in the region. There is a surge in the demand for eco-friendly vehicles. This is owing to the stringent government emission rules. OEMs of automotive are integrating balance shaft in the vehicles to offer vehicle engines with decreased noise, harshness and vibration. Such factors are stimulating the growth of the balance shaft market. Original equipment manufacturers (OEMs) are rising using aluminum balance shafts for their weight and strength benefit. There is increasing trend of fuel efficiency, minimized co2 emissions, and weight which is leading to the growth of balance shaft market.
The global Balance Shaft market is segregated on the basis of Vehicle Type as Passenger Cars, LCV and HCV. Based on Manufacturing Process the global Balance Shaft market is segmented in Casting and Forging. Based on Engine Type the global Balance Shaft market is segmented in Inline-3 Cylinder Engine, Inline-4 Cylinder Engine, Inline-5 Cylinder Engine and V6 Engine.
The global Balance Shaft market report provides geographic analysis covering regions, such as North America, Europe, Asia-Pacific, and Rest of the World. The Balance Shaft market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.
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American Axle & Manufacturing Holdings, Inc., Bailey Morris Limited, Balance Power Crankshaft Pvt. Ltd, Engine Power Components, Inc., Hines Industries, Inc., Hirschvogel Holding GmbH, Laco Uhrenmanufaktur GmbH, Linamar Corporation, Melrose Industries PLC, Musashi Seimitsu Industry Co., Ltd., and others are among the major players in the global Balance Shaft market. The companies are involved in several growth and expansion strategies to gain a competitive advantage. Industry participants also follow value chain integration with business operations in multiple stages of the value chain.
The Balance Shaft Market has been segmented as below:
Balance Shaft Market, By Vehicle Type
- Passenger Cars
Balance Shaft Market, By Manufacturing Process
Balance Shaft Market, By Engine Type
- Inline-3 Cylinder Engine
- Inline-4 Cylinder Engine
- Inline-5 Cylinder Engine
- V6 Engine
Balance Shaft Market, By Region
- North America
- Rest of the World
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Balance Shaft Market, By Company
- American Axle & Manufacturing Holdings, Inc.
- Bailey Morris Limited
- Balance Power Crankshaft Pvt. Ltd
- Engine Power Components, Inc.
- Hines Industries, Inc.
- Hirschvogel Holding GmbH
- Laco Uhrenmanufaktur GmbH
- Linamar Corporation
- Melrose Industries PLC
- Musashi Seimitsu Industry Co., Ltd.
- Ningbo Jingda Hardware Manufacture Co., Ltd.
- Otics Corporation
- SANSERA ENGINEERING PVT. LTD
- SHW AG
- SKF Group
The report covers:
- Global Balance Shaft market sizes from 2021 to 2027, along with CAGR for 2022-2027
- Market size comparison for 2021 vs 2027, with actual data for 2021, estimates for 2020 and forecast from 2022 to 2027
- Global Balance Shaft market trends, covering comprehensive range of consumer trends & manufacturer trends
- Value chain analysis covering participants from raw material suppliers to the downstream buyer in the global Balance Shaft market
- Major market opportunities and challenges in forecast timeframe to be focused
- Competitive landscape with analysis on competition pattern, portfolio comparisons, development trends and strategic management
- Comprehensive company profiles of the key industry players
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