Automotive Balance Shaft Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
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.
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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.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
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
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1.INTRODUCTION
1.1.SCOPE OF THE STUDY
1.2.THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3.MARKET SEGMENTATION
1.3.1Automotive Balance Shaft Market - By Manufacturing Type
1.3.2Automotive Balance Shaft Market - By Engine Type
1.3.3Automotive Balance Shaft Market - By Vehicle Type
1.3.4Automotive Balance Shaft Market - By Sales Channel
1.3.5Automotive Balance Shaft Market - By Region
1.3.5.1By Country
2.KEY TAKEAWAYS
3.RESEARCH METHODOLOGY
4.AUTOMOTIVE BALANCE SHAFT MARKET L and SCAPE
4.1.OVERVIEW
4.2.PEST ANALYSIS
4.2.1North America - Pest Analysis
4.2.2Europe - Pest Analysis
4.2.3Asia-Pacific - Pest Analysis
4.2.4Middle East and Africa - Pest Analysis
4.2.5South and Central America - Pest Analysis
4.3.ECOSYSTEM ANALYSIS
4.4.EXPERT OPINIONS
5.AUTOMOTIVE BALANCE SHAFT MARKET - KEY MARKET DYNAMICS
5.1.KEY MARKET DRIVERS
5.2.KEY MARKET RESTRAINTS
5.3.KEY MARKET OPPORTUNITIES
5.4.FUTURE TRENDS
5.5.IMPACT ANALYSIS OF DRIVERS and RESTRAINTS
6.AUTOMOTIVE BALANCE SHAFT MARKET - GLOBAL MARKET ANALYSIS
6.1.AUTOMOTIVE BALANCE SHAFT - GLOBAL MARKET OVERVIEW
6.2.AUTOMOTIVE BALANCE SHAFT - GLOBAL MARKET and FORECAST TO 2028
6.3.MARKET POSITIONING/MARKET SHARE
7.AUTOMOTIVE BALANCE SHAFT MARKET - REVENUE and FORECASTS TO 2028 - MANUFACTURING TYPE
7.1.OVERVIEW
7.2.MANUFACTURING TYPE MARKET FORECASTS and ANALYSIS
7.3.FORGING
7.3.1.Overview
7.3.2.Forging Market Forecast and Analysis
7.4.CASTING
7.4.1.Overview
7.4.2.Casting Market Forecast and Analysis
8.AUTOMOTIVE BALANCE SHAFT MARKET - REVENUE and FORECASTS TO 2028 - ENGINE TYPE
8.1.OVERVIEW
8.2.ENGINE TYPE MARKET FORECASTS and ANALYSIS
8.3.INLINE 3 CYLINDER
8.3.1.Overview
8.3.2.Inline 3 Cylinder Market Forecast and Analysis
8.4.INLINE 4 CYLINDER
8.4.1.Overview
8.4.2.Inline 4 Cylinder Market Forecast and Analysis
8.5.INLINE 5 CYLINDER
8.5.1.Overview
8.5.2.Inline 5 Cylinder Market Forecast and Analysis
8.6.V6 ENGINE
8.6.1.Overview
8.6.2.V6 Engine Market Forecast and Analysis
9.AUTOMOTIVE BALANCE SHAFT MARKET - REVENUE and FORECASTS TO 2028 - VEHICLE TYPE
9.1.OVERVIEW
9.2.VEHICLE TYPE MARKET FORECASTS and ANALYSIS
9.3.PASSENGER VEHICLE
9.3.1.Overview
9.3.2.Passenger Vehicle Market Forecast and Analysis
9.4.LIGHT COMMERCIAL VEHICLE
9.4.1.Overview
9.4.2.Light Commercial Vehicle Market Forecast and Analysis
9.5.HEAVY COMMERCIAL VEHICLE
9.5.1.Overview
9.5.2.Heavy Commercial Vehicle Market Forecast and Analysis
10.AUTOMOTIVE BALANCE SHAFT MARKET - REVENUE and FORECASTS TO 2028 - SALES CHANNEL
10.1.OVERVIEW
10.2.SALES CHANNEL MARKET FORECASTS and ANALYSIS
10.3.OEMS
10.3.1.Overview
10.3.2.OEMs Market Forecast and Analysis
10.4.AFTERMARKET
10.4.1.Overview
10.4.2.Aftermarket Market Forecast and Analysis
11.AUTOMOTIVE BALANCE SHAFT MARKET REVENUE and FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1.NORTH AMERICA
11.1.1North America Automotive Balance Shaft Market Overview
11.1.2North America Automotive Balance Shaft Market Forecasts and Analysis
11.1.3North America Automotive Balance Shaft Market Forecasts and Analysis - By Manufacturing Type
11.1.4North America Automotive Balance Shaft Market Forecasts and Analysis - By Engine Type
11.1.5North America Automotive Balance Shaft Market Forecasts and Analysis - By Vehicle Type
11.1.6North America Automotive Balance Shaft Market Forecasts and Analysis - By Sales Channel
11.1.7North America Automotive Balance Shaft Market Forecasts and Analysis - By Countries
11.1.7.1United States Automotive Balance Shaft Market
11.1.7.1.1United States Automotive Balance Shaft Market by Manufacturing Type
11.1.7.1.2United States Automotive Balance Shaft Market by Engine Type
11.1.7.1.3United States Automotive Balance Shaft Market by Vehicle Type
11.1.7.1.4United States Automotive Balance Shaft Market by Sales Channel
11.1.7.2Canada Automotive Balance Shaft Market
11.1.7.2.1Canada Automotive Balance Shaft Market by Manufacturing Type
11.1.7.2.2Canada Automotive Balance Shaft Market by Engine Type
11.1.7.2.3Canada Automotive Balance Shaft Market by Vehicle Type
11.1.7.2.4Canada Automotive Balance Shaft Market by Sales Channel
11.1.7.3Mexico Automotive Balance Shaft Market
11.1.7.3.1Mexico Automotive Balance Shaft Market by Manufacturing Type
11.1.7.3.2Mexico Automotive Balance Shaft Market by Engine Type
11.1.7.3.3Mexico Automotive Balance Shaft Market by Vehicle Type
11.1.7.3.4Mexico Automotive Balance Shaft Market by Sales Channel
11.2.EUROPE
11.2.1Europe Automotive Balance Shaft Market Overview
11.2.2Europe Automotive Balance Shaft Market Forecasts and Analysis
11.2.3Europe Automotive Balance Shaft Market Forecasts and Analysis - By Manufacturing Type
11.2.4Europe Automotive Balance Shaft Market Forecasts and Analysis - By Engine Type
11.2.5Europe Automotive Balance Shaft Market Forecasts and Analysis - By Vehicle Type
11.2.6Europe Automotive Balance Shaft Market Forecasts and Analysis - By Sales Channel
11.2.7Europe Automotive Balance Shaft Market Forecasts and Analysis - By Countries
11.2.7.1Germany Automotive Balance Shaft Market
11.2.7.1.1Germany Automotive Balance Shaft Market by Manufacturing Type
11.2.7.1.2Germany Automotive Balance Shaft Market by Engine Type
11.2.7.1.3Germany Automotive Balance Shaft Market by Vehicle Type
11.2.7.1.4Germany Automotive Balance Shaft Market by Sales Channel
11.2.7.2France Automotive Balance Shaft Market
11.2.7.2.1France Automotive Balance Shaft Market by Manufacturing Type
11.2.7.2.2France Automotive Balance Shaft Market by Engine Type
11.2.7.2.3France Automotive Balance Shaft Market by Vehicle Type
11.2.7.2.4France Automotive Balance Shaft Market by Sales Channel
11.2.7.3Italy Automotive Balance Shaft Market
11.2.7.3.1Italy Automotive Balance Shaft Market by Manufacturing Type
11.2.7.3.2Italy Automotive Balance Shaft Market by Engine Type
11.2.7.3.3Italy Automotive Balance Shaft Market by Vehicle Type
11.2.7.3.4Italy Automotive Balance Shaft Market by Sales Channel
11.2.7.4United Kingdom Automotive Balance Shaft Market
11.2.7.4.1United Kingdom Automotive Balance Shaft Market by Manufacturing Type
11.2.7.4.2United Kingdom Automotive Balance Shaft Market by Engine Type
11.2.7.4.3United Kingdom Automotive Balance Shaft Market by Vehicle Type
11.2.7.4.4United Kingdom Automotive Balance Shaft Market by Sales Channel
11.2.7.5Russia Automotive Balance Shaft Market
11.2.7.5.1Russia Automotive Balance Shaft Market by Manufacturing Type
11.2.7.5.2Russia Automotive Balance Shaft Market by Engine Type
11.2.7.5.3Russia Automotive Balance Shaft Market by Vehicle Type
11.2.7.5.4Russia Automotive Balance Shaft Market by Sales Channel
11.2.7.6Rest of Europe Automotive Balance Shaft Market
11.2.7.6.1Rest of Europe Automotive Balance Shaft Market by Manufacturing Type
11.2.7.6.2Rest of Europe Automotive Balance Shaft Market by Engine Type
11.2.7.6.3Rest of Europe Automotive Balance Shaft Market by Vehicle Type
11.2.7.6.4Rest of Europe Automotive Balance Shaft Market by Sales Channel
11.3.ASIA-PACIFIC
11.3.1Asia-Pacific Automotive Balance Shaft Market Overview
11.3.2Asia-Pacific Automotive Balance Shaft Market Forecasts and Analysis
11.3.3Asia-Pacific Automotive Balance Shaft Market Forecasts and Analysis - By Manufacturing Type
11.3.4Asia-Pacific Automotive Balance Shaft Market Forecasts and Analysis - By Engine Type
11.3.5Asia-Pacific Automotive Balance Shaft Market Forecasts and Analysis - By Vehicle Type
11.3.6Asia-Pacific Automotive Balance Shaft Market Forecasts and Analysis - By Sales Channel
11.3.7Asia-Pacific Automotive Balance Shaft Market Forecasts and Analysis - By Countries
11.3.7.1Australia Automotive Balance Shaft Market
11.3.7.1.1Australia Automotive Balance Shaft Market by Manufacturing Type
11.3.7.1.2Australia Automotive Balance Shaft Market by Engine Type
11.3.7.1.3Australia Automotive Balance Shaft Market by Vehicle Type
11.3.7.1.4Australia Automotive Balance Shaft Market by Sales Channel
11.3.7.2China Automotive Balance Shaft Market
11.3.7.2.1China Automotive Balance Shaft Market by Manufacturing Type
11.3.7.2.2China Automotive Balance Shaft Market by Engine Type
11.3.7.2.3China Automotive Balance Shaft Market by Vehicle Type
11.3.7.2.4China Automotive Balance Shaft Market by Sales Channel
11.3.7.3India Automotive Balance Shaft Market
11.3.7.3.1India Automotive Balance Shaft Market by Manufacturing Type
11.3.7.3.2India Automotive Balance Shaft Market by Engine Type
11.3.7.3.3India Automotive Balance Shaft Market by Vehicle Type
11.3.7.3.4India Automotive Balance Shaft Market by Sales Channel
11.3.7.4Japan Automotive Balance Shaft Market
11.3.7.4.1Japan Automotive Balance Shaft Market by Manufacturing Type
11.3.7.4.2Japan Automotive Balance Shaft Market by Engine Type
11.3.7.4.3Japan Automotive Balance Shaft Market by Vehicle Type
11.3.7.4.4Japan Automotive Balance Shaft Market by Sales Channel
11.3.7.5South Korea Automotive Balance Shaft Market
11.3.7.5.1South Korea Automotive Balance Shaft Market by Manufacturing Type
11.3.7.5.2South Korea Automotive Balance Shaft Market by Engine Type
11.3.7.5.3South Korea Automotive Balance Shaft Market by Vehicle Type
11.3.7.5.4South Korea Automotive Balance Shaft Market by Sales Channel
11.3.7.6Rest of Asia-Pacific Automotive Balance Shaft Market
11.3.7.6.1Rest of Asia-Pacific Automotive Balance Shaft Market by Manufacturing Type
11.3.7.6.2Rest of Asia-Pacific Automotive Balance Shaft Market by Engine Type
11.3.7.6.3Rest of Asia-Pacific Automotive Balance Shaft Market by Vehicle Type
11.3.7.6.4Rest of Asia-Pacific Automotive Balance Shaft Market by Sales Channel
11.4.MIDDLE EAST and AFRICA
11.4.1Middle East and Africa Automotive Balance Shaft Market Overview
11.4.2Middle East and Africa Automotive Balance Shaft Market Forecasts and Analysis
11.4.3Middle East and Africa Automotive Balance Shaft Market Forecasts and Analysis - By Manufacturing Type
11.4.4Middle East and Africa Automotive Balance Shaft Market Forecasts and Analysis - By Engine Type
11.4.5Middle East and Africa Automotive Balance Shaft Market Forecasts and Analysis - By Vehicle Type
11.4.6Middle East and Africa Automotive Balance Shaft Market Forecasts and Analysis - By Sales Channel
11.4.7Middle East and Africa Automotive Balance Shaft Market Forecasts and Analysis - By Countries
11.4.7.1South Africa Automotive Balance Shaft Market
11.4.7.1.1South Africa Automotive Balance Shaft Market by Manufacturing Type
11.4.7.1.2South Africa Automotive Balance Shaft Market by Engine Type
11.4.7.1.3South Africa Automotive Balance Shaft Market by Vehicle Type
11.4.7.1.4South Africa Automotive Balance Shaft Market by Sales Channel
11.4.7.2Saudi Arabia Automotive Balance Shaft Market
11.4.7.2.1Saudi Arabia Automotive Balance Shaft Market by Manufacturing Type
11.4.7.2.2Saudi Arabia Automotive Balance Shaft Market by Engine Type
11.4.7.2.3Saudi Arabia Automotive Balance Shaft Market by Vehicle Type
11.4.7.2.4Saudi Arabia Automotive Balance Shaft Market by Sales Channel
11.4.7.3U.A.E Automotive Balance Shaft Market
11.4.7.3.1U.A.E Automotive Balance Shaft Market by Manufacturing Type
11.4.7.3.2U.A.E Automotive Balance Shaft Market by Engine Type
11.4.7.3.3U.A.E Automotive Balance Shaft Market by Vehicle Type
11.4.7.3.4U.A.E Automotive Balance Shaft Market by Sales Channel
11.4.7.4Rest of Middle East and Africa Automotive Balance Shaft Market
11.4.7.4.1Rest of Middle East and Africa Automotive Balance Shaft Market by Manufacturing Type
11.4.7.4.2Rest of Middle East and Africa Automotive Balance Shaft Market by Engine Type
11.4.7.4.3Rest of Middle East and Africa Automotive Balance Shaft Market by Vehicle Type
11.4.7.4.4Rest of Middle East and Africa Automotive Balance Shaft Market by Sales Channel
11.5.SOUTH and CENTRAL AMERICA
11.5.1South and Central America Automotive Balance Shaft Market Overview
11.5.2South and Central America Automotive Balance Shaft Market Forecasts and Analysis
11.5.3South and Central America Automotive Balance Shaft Market Forecasts and Analysis - By Manufacturing Type
11.5.4South and Central America Automotive Balance Shaft Market Forecasts and Analysis - By Engine Type
11.5.5South and Central America Automotive Balance Shaft Market Forecasts and Analysis - By Vehicle Type
11.5.6South and Central America Automotive Balance Shaft Market Forecasts and Analysis - By Sales Channel
11.5.7South and Central America Automotive Balance Shaft Market Forecasts and Analysis - By Countries
11.5.7.1Brazil Automotive Balance Shaft Market
11.5.7.1.1Brazil Automotive Balance Shaft Market by Manufacturing Type
11.5.7.1.2Brazil Automotive Balance Shaft Market by Engine Type
11.5.7.1.3Brazil Automotive Balance Shaft Market by Vehicle Type
11.5.7.1.4Brazil Automotive Balance Shaft Market by Sales Channel
11.5.7.2Argentina Automotive Balance Shaft Market
11.5.7.2.1Argentina Automotive Balance Shaft Market by Manufacturing Type
11.5.7.2.2Argentina Automotive Balance Shaft Market by Engine Type
11.5.7.2.3Argentina Automotive Balance Shaft Market by Vehicle Type
11.5.7.2.4Argentina Automotive Balance Shaft Market by Sales Channel
11.5.7.3Rest of South and Central America Automotive Balance Shaft Market
11.5.7.3.1Rest of South and Central America Automotive Balance Shaft Market by Manufacturing Type
11.5.7.3.2Rest of South and Central America Automotive Balance Shaft Market by Engine Type
11.5.7.3.3Rest of South and Central America Automotive Balance Shaft Market by Vehicle Type
11.5.7.3.4Rest of South and Central America Automotive Balance Shaft Market by Sales Channel
12.INDUSTRY L and SCAPE
12.1.MERGERS and ACQUISITIONS
12.2.AGREEMENTS, COLLABORATIONS and JOIN VENTURES
12.3.NEW PRODUCT LAUNCHES
12.4.EXPANSIONS and OTHER STRATEGIC DEVELOPMENTS
13.AUTOMOTIVE BALANCE SHAFT MARKET, KEY COMPANY PROFILES
13.1.AMERICAN AXLE and MANUFACTURING HOLDINGS INC.
13.1.1.Key Facts
13.1.2.Business Description
13.1.3.Products and Services
13.1.4.Financial Overview
13.1.5.SWOT Analysis
13.1.6.Key Developments
13.2.ENGINE POWER COMPONENTS
13.2.1.Key Facts
13.2.2.Business Description
13.2.3.Products and Services
13.2.4.Financial Overview
13.2.5.SWOT Analysis
13.2.6.Key Developments
13.3.LES ARBRES à CAMES DE LONDAINE LACO
13.3.1.Key Facts
13.3.2.Business Description
13.3.3.Products and Services
13.3.4.Financial Overview
13.3.5.SWOT Analysis
13.3.6.Key Developments
13.4.MITEC AUTOMOTIVE AG
13.4.1.Key Facts
13.4.2.Business Description
13.4.3.Products and Services
13.4.4.Financial Overview
13.4.5.SWOT Analysis
13.4.6.Key Developments
13.5.MUSASHI SEIMITSU INDUSTRY CO. LTD.
13.5.1.Key Facts
13.5.2.Business Description
13.5.3.Products and Services
13.5.4.Financial Overview
13.5.5.SWOT Analysis
13.5.6.Key Developments
13.6.NINGBO JINGDA HARDWARE MANUFACTURE CO. LTD.
13.6.1.Key Facts
13.6.2.Business Description
13.6.3.Products and Services
13.6.4.Financial Overview
13.6.5.SWOT Analysis
13.6.6.Key Developments
13.7.OTICS CORPORATION
13.7.1.Key Facts
13.7.2.Business Description
13.7.3.Products and Services
13.7.4.Financial Overview
13.7.5.SWOT Analysis
13.7.6.Key Developments
13.8.SANSERA ENGINEERING
13.8.1.Key Facts
13.8.2.Business Description
13.8.3.Products and Services
13.8.4.Financial Overview
13.8.5.SWOT Analysis
13.8.6.Key Developments
13.9.SHW AG
13.9.1.Key Facts
13.9.2.Business Description
13.9.3.Products and Services
13.9.4.Financial Overview
13.9.5.SWOT Analysis
13.9.6.Key Developments
13.10.SKF GROUP AB
13.10.1.Key Facts
13.10.2.Business Description
13.10.3.Products and Services
13.10.4.Financial Overview
13.10.5.SWOT Analysis
13.10.6.Key Developments
14.APPENDIX
14.1.ABOUT THE INSIGHT PARTNERS
14.2.GLOSSARY OF TERMS
1. American Axle and Manufacturing Holdings Inc. 2. Engine Power Components3. Les Arbres à Cames de lOndaine LACO4. MITEC Automotive AG5. Musashi Seimitsu Industry Co. Ltd. 6. Ningbo Jingda Hardware Manufacture Co. Ltd. 7. OTICS Corporation8. Sansera Engineering9. SHW AG10. SKF Group AB
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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