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PUBLISHER: IMARC | PRODUCT CODE: 1390780
PUBLISHER: IMARC | PRODUCT CODE: 1390780
Automotive Balance Shaft Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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PAGES: 138 Pages
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Abstract
The global automotive balance shaft market size reached US$ 14.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 19.0 Billion by 2028, exhibiting a growth rate (CAGR) of 4.97% during 2022-2028.
An automotive balance shaft is fitted into an internal combustion engine (ICE) to reduce vibration by canceling unbalanced dynamic forces. It has eccentric weights that eliminate the need to balance the engine components while ensuring smooth operations. Nowadays, forged balance shafts are gaining adoption around the world on account of their compact dimension and effective inherent damping.
Automotive Balance Shaft Market Trends:
The boosting sales of passenger vehicles worldwide on account of rapid urbanization and inflating income levels represent one of the major factors bolstering the market growth. Automotive balance shafts help reduce engine noise, vibration, and harshness and ensure passenger comfort. Apart from this, the rising use of commercial vehicles, such as buses, trucks, taxicabs, trailers, and vans, in transportation and logistics is influencing the market positively. Moreover, the emerging trend of online shopping, along with the expanding global trade, is propelling the utilization of commercial vehicles in logistics for shipments. This, in turn, is contributing to the market growth. Additionally, the growing working population is driving the need for interconnected mobility solutions that reduce road traffic and commute times and provide diverse travel options. This is offering lucrative opportunities to manufacturers for expanding their product portfolio and retaining a competitive edge in the market. Furthermore, stringent policies implemented by governing agencies of numerous countries to minimize greenhouse gas (GHG) emissions from vehicles are impelling the market growth. This is also encouraging automotive original equipment manufacturers (OEMs) to incorporate balance shafts and improve fuel efficiency, thermal efficiency, and energy savings of vehicles. Besides this, market players are focusing on improving the design and efficiency of balance shafts, which is anticipated to stimulate the market growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global automotive balance shaft market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on vehicle type, manufacturing process and engine type.
Breakup by Vehicle Type:
Passenger Cars
Light Commercial Vehicle
Heavy Commercial Vehicle
Breakup by Manufacturing Process:
Forging
Casting
Breakup by Engine Type:
Inline-3 Cylinder Engine
Inline-4 Cylinder Engine
Inline-5 Cylinder Engine
V6 Engine
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being AB SKF, American Axle & Manufacturing Inc., Engine Power Components Inc., Hirschvogel Automotive Group, MarkLines Co. Ltd., Musashi Seimitsu Industry Co. Ltd., Ningbo Jingda Hardware Manufacture Co. Ltd., OTICS USA Inc. (OTICS Corporation), Sansera Engineering Limited, SHW AG and TFO Corporation.
Key Questions Answered in This Report:
- How has the global automotive balance shaft market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global automotive balance shaft market?
- What are the key regional markets?
- What is the breakup of the market based on the vehicle type?
- What is the breakup of the market based on the manufacturing process?
- What is the breakup of the market based on the engine type?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global automotive balance shaft market and who are the key players?
- What is the degree of competition in the industry?
Product Code: SR112023A4621
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Automotive Balance Shaft Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Vehicle Type
- 6.1 Passenger Cars
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Light Commercial Vehicle
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Heavy Commercial Vehicle
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
7 Market Breakup by Manufacturing Process
- 7.1 Forging
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Casting
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
8 Market Breakup by Engine Type
- 8.1 Inline-3 Cylinder Engine
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Inline-4 Cylinder Engine
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Inline-5 Cylinder Engine
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 V6 Engine
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
9 Market Breakup by Region
- 9.1 North America
- 9.1.1 United States
- 9.1.1.1 Market Trends
- 9.1.1.2 Market Forecast
- 9.1.2 Canada
- 9.1.2.1 Market Trends
- 9.1.2.2 Market Forecast
- 9.1.1 United States
- 9.2 Asia-Pacific
- 9.2.1 China
- 9.2.1.1 Market Trends
- 9.2.1.2 Market Forecast
- 9.2.2 Japan
- 9.2.2.1 Market Trends
- 9.2.2.2 Market Forecast
- 9.2.3 India
- 9.2.3.1 Market Trends
- 9.2.3.2 Market Forecast
- 9.2.4 South Korea
- 9.2.4.1 Market Trends
- 9.2.4.2 Market Forecast
- 9.2.5 Australia
- 9.2.5.1 Market Trends
- 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
- 9.2.6.1 Market Trends
- 9.2.6.2 Market Forecast
- 9.2.7 Others
- 9.2.7.1 Market Trends
- 9.2.7.2 Market Forecast
- 9.2.1 China
- 9.3 Europe
- 9.3.1 Germany
- 9.3.1.1 Market Trends
- 9.3.1.2 Market Forecast
- 9.3.2 France
- 9.3.2.1 Market Trends
- 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
- 9.3.3.1 Market Trends
- 9.3.3.2 Market Forecast
- 9.3.4 Italy
- 9.3.4.1 Market Trends
- 9.3.4.2 Market Forecast
- 9.3.5 Spain
- 9.3.5.1 Market Trends
- 9.3.5.2 Market Forecast
- 9.3.6 Russia
- 9.3.6.1 Market Trends
- 9.3.6.2 Market Forecast
- 9.3.7 Others
- 9.3.7.1 Market Trends
- 9.3.7.2 Market Forecast
- 9.3.1 Germany
- 9.4 Latin America
- 9.4.1 Brazil
- 9.4.1.1 Market Trends
- 9.4.1.2 Market Forecast
- 9.4.2 Mexico
- 9.4.2.1 Market Trends
- 9.4.2.2 Market Forecast
- 9.4.3 Others
- 9.4.3.1 Market Trends
- 9.4.3.2 Market Forecast
- 9.4.1 Brazil
- 9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast
10 SWOT Analysis
- 10.1 Overview
- 10.2 Strengths
- 10.3 Weaknesses
- 10.4 Opportunities
- 10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 AB SKF
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.1.3 Financials
- 14.3.2 American Axle & Manufacturing Inc.
- 14.3.2.1 Company Overview
- 14.3.2.2 Product Portfolio
- 14.3.2.3 Financials
- 14.3.2.4 SWOT Analysis
- 14.3.3 Engine Power Components Inc.
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.4 Hirschvogel Automotive Group
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.5 MarkLines Co. Ltd.
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.5.3 Financials
- 14.3.6 Musashi Seimitsu Industry Co. Ltd.
- 14.3.6.1 Company Overview
- 14.3.6.2 Product Portfolio
- 14.3.6.3 Financials
- 14.3.7 Ningbo Jingda Hardware Manufacture Co. Ltd.
- 14.3.7.1 Company Overview
- 14.3.7.2 Product Portfolio
- 14.3.8 OTICS USA Inc. (OTICS Corporation)
- 14.3.8.1 Company Overview
- 14.3.8.2 Product Portfolio
- 14.3.9 Sansera Engineering Limited
- 14.3.9.1 Company Overview
- 14.3.9.2 Product Portfolio
- 14.3.10 SHW AG
- 14.3.10.1 Company Overview
- 14.3.10.2 Product Portfolio
- 14.3.10.3 Financials
- 14.3.11 TFO Corporation
- 14.3.11.1 Company Overview
- 14.3.11.2 Product Portfolio
- 14.3.1 AB SKF
Product Code: SR112023A4621
List of Figures
- Figure 1: Global: Automotive Balance Shaft Market: Major Drivers and Challenges
- Figure 2: Global: Automotive Balance Shaft Market: Sales Value (in Billion US$), 2017-2022
- Figure 3: Global: Automotive Balance Shaft Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 4: Global: Automotive Balance Shaft Market: Breakup by Vehicle Type (in %), 2022
- Figure 5: Global: Automotive Balance Shaft Market: Breakup by Manufacturing Process (in %), 2022
- Figure 6: Global: Automotive Balance Shaft Market: Breakup by Engine Type (in %), 2022
- Figure 7: Global: Automotive Balance Shaft Market: Breakup by Region (in %), 2022
- Figure 8: Global: Automotive Balance Shaft (Passenger Cars) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 9: Global: Automotive Balance Shaft (Passenger Cars) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 10: Global: Automotive Balance Shaft (Light Commercial Vehicle) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 11: Global: Automotive Balance Shaft (Light Commercial Vehicle) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 12: Global: Automotive Balance Shaft (Heavy Commercial Vehicle) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 13: Global: Automotive Balance Shaft (Heavy Commercial Vehicle) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 14: Global: Automotive Balance Shaft (Forging) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 15: Global: Automotive Balance Shaft (Forging) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 16: Global: Automotive Balance Shaft (Casting) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 17: Global: Automotive Balance Shaft (Casting) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 18: Global: Automotive Balance Shaft (Inline-3 Cylinder Engine) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 19: Global: Automotive Balance Shaft (Inline-3 Cylinder Engine) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 20: Global: Automotive Balance Shaft (Inline-4 Cylinder Engine) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 21: Global: Automotive Balance Shaft (Inline-4 Cylinder Engine) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 22: Global: Automotive Balance Shaft (Inline-5 Cylinder Engine) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 23: Global: Automotive Balance Shaft (Inline-5 Cylinder Engine) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 24: Global: Automotive Balance Shaft (V6 Engine) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 25: Global: Automotive Balance Shaft (V6 Engine) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 26: North America: Automotive Balance Shaft Market: Sales Value (in Million US$), 2017 & 2022
- Figure 27: North America: Automotive Balance Shaft Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 28: United States: Automotive Balance Shaft Market: Sales Value (in Million US$), 2017 & 2022
- Figure 29: United States: Automotive Balance Shaft Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 30: Canada: Automotive Balance Shaft Market: Sales Value (in Million US$), 2017 & 2022
- Figure 31: Canada: Automotive Balance Shaft Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 32: Asia-Pacific: Automotive Balance Shaft Market: Sales Value (in Million US$), 2017 & 2022
- Figure 33: Asia-Pacific: Automotive Balance Shaft Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 34: China: Automotive Balance Shaft Market: Sales Value (in Million US$), 2017 & 2022
- Figure 35: China: Automotive Balance Shaft Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 36: Japan: Automotive Balance Shaft Market: Sales Value (in Million US$), 2017 & 2022
- Figure 37: Japan: Automotive Balance Shaft Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 38: India: Automotive Balance Shaft Market: Sales Value (in Million US$), 2017 & 2022
- Figure 39: India: Automotive Balance Shaft Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 40: South Korea: Automotive Balance Shaft Market: Sales Value (in Million US$), 2017 & 2022
- Figure 41: South Korea: Automotive Balance Shaft Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 42: Australia: Automotive Balance Shaft Market: Sales Value (in Million US$), 2017 & 2022
- Figure 43: Australia: Automotive Balance Shaft Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 44: Indonesia: Automotive Balance Shaft Market: Sales Value (in Million US$), 2017 & 2022
- Figure 45: Indonesia: Automotive Balance Shaft Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 46: Others: Automotive Balance Shaft Market: Sales Value (in Million US$), 2017 & 2022
- Figure 47: Others: Automotive Balance Shaft Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 48: Europe: Automotive Balance Shaft Market: Sales Value (in Million US$), 2017 & 2022
- Figure 49: Europe: Automotive Balance Shaft Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 50: Germany: Automotive Balance Shaft Market: Sales Value (in Million US$), 2017 & 2022
- Figure 51: Germany: Automotive Balance Shaft Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 52: France: Automotive Balance Shaft Market: Sales Value (in Million US$), 2017 & 2022
- Figure 53: France: Automotive Balance Shaft Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 54: United Kingdom: Automotive Balance Shaft Market: Sales Value (in Million US$), 2017 & 2022
- Figure 55: United Kingdom: Automotive Balance Shaft Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 56: Italy: Automotive Balance Shaft Market: Sales Value (in Million US$), 2017 & 2022
- Figure 57: Italy: Automotive Balance Shaft Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 58: Spain: Automotive Balance Shaft Market: Sales Value (in Million US$), 2017 & 2022
- Figure 59: Spain: Automotive Balance Shaft Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 60: Russia: Automotive Balance Shaft Market: Sales Value (in Million US$), 2017 & 2022
- Figure 61: Russia: Automotive Balance Shaft Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 62: Others: Automotive Balance Shaft Market: Sales Value (in Million US$), 2017 & 2022
- Figure 63: Others: Automotive Balance Shaft Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 64: Latin America: Automotive Balance Shaft Market: Sales Value (in Million US$), 2017 & 2022
- Figure 65: Latin America: Automotive Balance Shaft Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 66: Brazil: Automotive Balance Shaft Market: Sales Value (in Million US$), 2017 & 2022
- Figure 67: Brazil: Automotive Balance Shaft Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 68: Mexico: Automotive Balance Shaft Market: Sales Value (in Million US$), 2017 & 2022
- Figure 69: Mexico: Automotive Balance Shaft Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 70: Others: Automotive Balance Shaft Market: Sales Value (in Million US$), 2017 & 2022
- Figure 71: Others: Automotive Balance Shaft Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 72: Middle East and Africa: Automotive Balance Shaft Market: Sales Value (in Million US$), 2017 & 2022
- Figure 73: Middle East and Africa: Automotive Balance Shaft Market: Breakup by Country (in %), 2022
- Figure 74: Middle East and Africa: Automotive Balance Shaft Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 75: Global: Automotive Balance Shaft Industry: SWOT Analysis
- Figure 76: Global: Automotive Balance Shaft Industry: Value Chain Analysis
- Figure 77: Global: Automotive Balance Shaft Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Automotive Balance Shaft Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: Automotive Balance Shaft Market Forecast: Breakup by Vehicle Type (in Million US$), 2023-2028
- Table 3: Global: Automotive Balance Shaft Market Forecast: Breakup by Manufacturing Process (in Million US$), 2023-2028
- Table 4: Global: Automotive Balance Shaft Market Forecast: Breakup by Engine Type (in Million US$), 2023-2028
- Table 5: Global: Automotive Balance Shaft Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 6: Global: Automotive Balance Shaft Market: Competitive Structure
- Table 7: Global: Automotive Balance Shaft Market: Key Players
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