Report overview
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.
This report aims to provide a comprehensive presentation of the global market for Automotive Balance Shaft, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Automotive Balance Shaft. This report contains market size and forecasts of Automotive Balance Shaft in global, including the following market information:
Global Automotive Balance Shaft Market Revenue, 2018-2023, 2024-2030, ($ millions)
Global Automotive Balance Shaft Market Sales, 2018-2023, 2024-2030, (K Units)
Global top five Automotive Balance Shaft companies in 2022 (%)
The global Automotive Balance Shaft market was valued at US$ 10290 million in 2022 and is projected to reach US$ 13820 million by 2030, at a CAGR of 4.3% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
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.
We surveyed the Automotive Balance Shaft manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Automotive Balance Shaft Market, by Type, 2018-2023, 2024-2030 ($ Millions) & (K Units)
Global Automotive Balance Shaft Market Segment Percentages, by Type, 2022 (%)
Inline-3 Cylinder Engine
Inline-4 Cylinder Engine
Inline-5 Cylinder Engine
V6 Engine
Global Automotive Balance Shaft Market, by Application, 2018-2023, 2024-2030 ($ Millions) & (K Units)
Global Automotive Balance Shaft Market Segment Percentages, by Application, 2022 (%)
Passenger Cars
Light Commercial Vehicles
High Commercial Vehicles
Global Automotive Balance Shaft Market, By Region and Country, 2018-2023, 2024-2030 ($ Millions) & (K Units)
Global Automotive Balance Shaft Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Automotive Balance Shaft revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Automotive Balance Shaft revenues share in global market, 2022 (%)
Key companies Automotive Balance Shaft sales in global market, 2018-2023 (Estimated), (K Units)
Key companies Automotive Balance Shaft sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
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
Outline of Major Chapters:
Chapter 1: Introduces the definition of Automotive Balance Shaft, market overview.
Chapter 2: Global Automotive Balance Shaft market size in revenue and volume.
Chapter 3: Detailed analysis of Automotive Balance Shaft manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Automotive Balance Shaft in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Automotive Balance Shaft capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.
