Automotive Balance Shaft Market

The global Automotive Balance Shaft market was valued at 1029.69 Million USD in 2021 and will grow with a CAGR of 4.87% from 2021 to 2027, based on Research newly published report.
The prime objective of Automotive Balance Shaft Market is to provide the insights on the post COVID-19 impact wwhich will help market players in this field evaluate their business approaches. Also, Automotive Balance Shaft Market covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).
A balance shaft is designed to rotate and vibrate in a way that reduces the vibration produced by an engine. Balance shafts are commonly used for engine refinement. Four cylinder engines use a tow shaft, which turns in opposite directions on either side of engine`s crankshaft. A single balance shaft is used in three cylinder and V6 engines.The global market size, in terms of value, of automotive balance shafts is estimated to grow at a promising CAGR of 6.23% from 2018 to 2025. Market growth is propelled by the increasing demand for vehicles equipped with inline-4 cylinder engines and the growing trends of fuel efficiency, reduced CO2 emissions, and weight reduction. However, the shifting focus towards electric vehicles and the increasing demand for SUVs and luxury cars with high-performance engines restrain the growth of the market. The Asia-Oceania region, comprising markets such as China, India, and Japan, was estimated to be the largest market, in terms of volume, for automotive balance shafts in 2017. The Asia-Oceania region has emerged as significant market for the global automotive industry.The primary reason behind this trend is the Chinese market, which has evolved into the largest producer and consumer of automobiles across the globe. The other major country-level markets in the region include India, Japan, and South Korea. While India is slowly emerging as a credible force in the automotive industry, Japan and South Korea are already well-established names. The North American market, along with the European market, is estimated to spearhead the automotive industry in terms advancements.
By Market Verdors:

• 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

By Types:

• Inline-3 Cylinder Engine
• Inline-4 Cylinder Engine
• Inline-5 Cylinder Engine
• V6 Engine

By Applications:

• Passenger Cars
• Light Commercial Vehicles
• High Commercial Vehicles

Key Indicators Analysed

• Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market?s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.
• Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.
• Market Trends: Market key trends which include Increased Competition and Continuous Innovations.
• Opportunities and Drivers: Identifying the Growing Demands and New Technology
• Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

Key Reasons to Purchase

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• To understand the most affecting driving and restraining forces in the market and its impact in the global market.
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• To understand the future outlook and prospects for the market.
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