Automotive Balance Shaft Market

Market Overview

In an automotive engine, especially in engines with asymmetric design, the engine experiences a second level of vibration, even the well-balanced engines with asymmetric design experience the second level vibration. The automotive balance shaft is integrated with vehicle engines for offsetting the vibration effect that the engine creates. The balance shaft is a complex part that needs to design precisely, to make sure it's compatible with the engine system.

Globally, the demand for automotive balance shaft is forecast to grow in the future as the demand for noise, vibration and harshness free engines is increasing.

Automotive Balance Shaft Market: Drivers and Challenges

Globally, the demand for ‘Inline-4 Cylinder Engine’ is growing, especially in the Asia-Pacific. The demand for environmental friendly vehicles is on the rise, due to the stringent government emission regulations. Original equipment manufacturers of automotive are integrating balance shaft in the vehicles to offer vehicle engines with reduced/negligible noise, vibration and harshness. All the above factors are fueling the growth for global balance shaft market. Original equipment manufacturers are increasing using aluminum balance shafts for their weight and strength advantage.

The growing importance of electric vehicles and increasing sales of sports utility vehicles & luxury vehicles with high-performance engines are inhibiting the global balance shaft market growth.

Automotive Balance Shaft Market: Overview

The global automotive balance shaft market by volume is expected to expand at a CAGR of around 5-7% during the forecast period (2015-2025), due to increasing demand for vehicle with incline-4 cylinder engine, need to reduce noise, vibrations and harshness levels, etc.

Automotive Balance Shaft Market: Region-wise Outlook

The global automotive balance shaft market is expectedto register a single-digit CAGR for the forecast period. Depending on geographic regions, global automotive energy recovery market is segmentedinto seven key regions: North America, South America, Eastern Europe, Western Europe, Asia-Pacific, Japan, and Middle East & Africa. In terms of market revenue, Asia-Pacific automotive balance shaft market is projectedto register a significant CAGR during the forecast period. Growing automotive production, stringent government emission norms, changing consumer preferences, are some of the factors which are fueling the growth of automotive balance shaft market in Asia-Pacific. India and China are forecast to register a significant growth in the Asia-Pacific automotive balance shaft market, as automotive production in these countries is on the rise.

Automotive Balance Shaft Market: Key Players

Some of the key market participants in global balance shaft market are SHW AG, Otics Corporation, Metaldyne LLC, Musashi Seimitsu Industry Co.Ltd, TFO Corporation, Sansera Engineering, Engine Power Components Inc, Ningbo Jingda Hardware Manufacture Co.Ltd

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments by geographies, by manufacturing process and by engine type.

The report covers exhaustive analysis on:

• Market Segments
• Market Dynamics
• Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies involved
• Value Chain

Regional analysis includes

• North America (U.S., Canada)
• Latin America (Mexico. Brazil)
• Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg)
• Eastern Europe (Poland, Russia)
• Asia Pacific (China, India, ASEAN, Australia & New Zealand)
• Japan
• Middle East and Africa (GCC, S. Africa, N. Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.