Automotive Balance Shaft Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

In any vehicle engine, particularly with asymmetric design, the second level of vibration can be experienced. Even in the case of well-balanced asymmetric design engines, the second level of vibration can be experienced. The automotive balance shaft is used for balancing the effect of second level vibration created by engines. It is integrated with the engines to reduce the effect. The designing of this component is a complex process and should be well-matched with the engine system.

MARKET DYNAMICS

The automotive balance shaft market is highly driven by increasing demand for the Inline-4 Cylinder Engine, particularly in the APAC region. Also, the rising pressure on manufacturers for reducing vibrations and noise produced by engines to offer better comfort to drivers' is propelling the growth of automotive balance shaft market. However, rising electric vehicle demand is acting as a restraining factor to automotive balance shaft market growth.

MARKET SCOPE

The "Global Automotive Balance Shaft Market Analysis to 2031" is a specialized and in-depth study of the automotive balance shaft industry with a special focus on the global market trend analysis. The report aims to provide an overview of automotive balance shaft market with detailed market segmentation by manufacturing type, engine type, vehicle type, sales channel, and geography. The global automotive balance shaft market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading automotive balance shaft market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global automotive balance shaft market is segmented on the basis of manufacturing type, engine type, vehicle type, and sales channel. Based on the manufacturing type, the market is bifurcated into forging and casting. The engine type segment of automotive balance shaft market is classified into Inline 3 cylinder, inline 4 cylinder, inline 5 cylinder, and V6 engine. By vehicle type, the automotive balance shaft market is categorized into passenger vehicle, light commercial vehicle, and heavy commercial vehicle. The sales channel segment of automotive balance shaft market is segmented into OEM and aftermarket.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global automotive balance shaft market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East & Africa (MEA), and South America (SAM). The automotive balance shaft market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the automotive balance shaft market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and SAM after evaluating political, economic, social and technological factors affecting the automotive balance shaft market in these regions.

MARKET PLAYERS

The reports cover key developments in the automotive balance shaft market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from automotive balance shaft market are anticipated to lucrative growth opportunities in the future with the rising demand for automotive balance shaft in the global market. Below mentioned is the list of few companies engaged in the automotive balance shaft market.

The report also includes the profiles of key automotive balance shaft companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•  AMERICAN AXLE and MANUFACTURING HOLDINGS INC.
•  ENGINE POWER COMPONENTS
•  LES ARBRES à CAMES DE LONDAINE LACO
•  MITEC AUTOMOTIVE AG
•  MUSASHI SEIMITSU INDUSTRY CO. LTD.
•  NINGBO JINGDA HARDWARE MANUFACTURE CO. LTD.
•  OTICS CORPORATION
•  SANSERA ENGINEERING
•  SHW AG
•  SKF GROUP AB

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Automotive Balance Shaft Report Scope