The Balance Shaft Market is expected to be around US$ 22 Billion by 2028 at a CAGR of 5.5% in the given forecast period.
The demand for automotive balance shaft is estimated to rise in the future as the demand for noise, vibration and harshness free engines is rising worldwide. The demand for inline-4 cylinder engine is escalating particularly in the Asia Pacific region owing to significant growth in automobile industry in the region. There is a surge in the demand for eco-friendly vehicles. This is owing to the stringent government emission rules. OEMs of automotive are integrating balance shaft in the vehicles to offer vehicle engines with decreased noise, harshness and vibration. Such factors are stimulating the growth of the balance shaft market. Original equipment manufacturers (OEMs) are rising using aluminum balance shafts for their weight and strength benefit. There is increasing trend of fuel efficiency, minimized co2 emissions, and weight which is leading to the growth of balance shaft market.
The global Balance Shaft market is segregated on the basis of Vehicle Type as Passenger Cars, LCV and HCV. Based on Manufacturing Process the global Balance Shaft market is segmented in Casting and Forging. Based on Engine Type the global Balance Shaft market is segmented in Inline-3 Cylinder Engine, Inline-4 Cylinder Engine, Inline-5 Cylinder Engine and V6 Engine.
The global Balance Shaft market report provides geographic analysis covering regions, such as North America, Europe, Asia-Pacific, and Rest of the World. The Balance Shaft market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.
Competitive Rivalry
American Axle & Manufacturing Holdings, Inc., Bailey Morris Limited, Balance Power Crankshaft Pvt. Ltd, Engine Power Components, Inc., Hines Industries, Inc., Hirschvogel Holding GmbH, Laco Uhrenmanufaktur GmbH, Linamar Corporation, Melrose Industries PLC, Musashi Seimitsu Industry Co., Ltd., and others are among the major players in the global Balance Shaft market. The companies are involved in several growth and expansion strategies to gain a competitive advantage. Industry participants also follow value chain integration with business operations in multiple stages of the value chain.
The Balance Shaft Market has been segmented as below:
Balance Shaft Market, By Vehicle Type
Balance Shaft Market, By Manufacturing Process
Balance Shaft Market, By Engine Type
Balance Shaft Market, By Region
Balance Shaft Market, By Company
The report covers:
Report Scope:
The global Balance Shaft market report scope includes detailed study covering underlying factors influencing the industry trends. The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies. The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Balance Shaft market share. Major industry players with significant revenue share include American Axle & Manufacturing Holdings, Inc., Bailey Morris Limited, Balance Power Crankshaft Pvt. Ltd, Engine Power Components, Inc., Hines Industries, Inc., Hirschvogel Holding GmbH, Laco Uhrenmanufaktur GmbH, Linamar Corporation, Melrose Industries PLC, Musashi Seimitsu Industry Co., Ltd, and others.
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1. Introduction
1.1. Key Points
1.2. Report Description
1.3. Markets Covered
1.4. Stakeholders
2. Research Methodology
2.1. Research Scope
2.2. Market Research Process
2.3. Research Data Analysis
2.3.1.1. Secondary Research
2.3.1.2. Primary Research
2.3.1.3. Models for Estimation
2.4. Market Size Estimation
2.4.1. Bottom-Up Approach- Segmental Market Analysis
2.4.2. Top-Down Approach- Parent Market Analysis
3. Executive Summary
4. Market Overview
4.1. Introduction
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. Porter’s Five Force Analysis
5. Balance Shaft Market, By Vehicle Type
5.1. Introduction
5.2. Passenger Cars
5.2.1. Market Overview
5.2.2. Market Size and Forecast
5.3. LCV
5.3.1. Market Overview
5.3.2. Market Size and Forecast
5.4. HCV
5.4.1. Market Overview
5.4.2. Market Size and Forecast
6. Balance Shaft Market, By Manufacturing Process
6.1. Introduction
6.2. Casting
6.2.1. Market Overview
6.2.2. Market Size and Forecast
6.3. Forging
6.3.1. Market Overview
6.3.2. Market Size and Forecast
7. Balance Shaft Market, By Engine Type
7.1. Introduction
7.2. Inline-3 Cylinder Engine
7.2.1. Market Overview
7.2.2. Market Size and Forecast
7.3. Inline-4 Cylinder Engine
7.3.1. Market Overview
7.3.2. Market Size and Forecast
7.4. Inline-5 Cylinder Engine
7.4.1. Market Overview
7.4.2. Market Size and Forecast
7.5. V6 Engine
7.5.1. Market Overview
7.5.2. Market Size and Forecast
8. Balance Shaft Market, By Geography
8.1. Introduction
8.2. North America
8.2.1. North America Balance Shaft, By Vehicle Type
8.2.2. North America Balance Shaft, By Manufacturing Process
8.2.3. North America Balance Shaft, By Engine Type
8.3. Europe
8.3.1. Europe Balance Shaft, By Vehicle Type
8.3.2. Europe Balance Shaft, By Manufacturing Process
8.3.3. Europe Balance Shaft, By Engine Type
8.4. Asia-Pacific
8.4.1. Asia-Pacific Balance Shaft, By Vehicle Type
8.4.2. Asia-Pacific Balance Shaft, By Manufacturing Process
8.4.3. Asia-Pacific Balance Shaft, By Engine Type
8.5. Rest of the World
8.5.1. Rest of the World Balance Shaft, By Vehicle Type
8.5.2. Rest of the World Balance Shaft, By Manufacturing Process
8.5.3. Rest of the World Balance Shaft, By Engine Type
9. Competitive Insights
9.1. Key Insights
9.2. Company Market Share Analysis
9.3. Strategic Outlook
9.3.1. Mergers & Acquisitions
9.3.2. New Product Developments
9.3.3. Portfolio/Production Capacity Expansions
9.3.4. Joint Ventures, Collaborations, Partnerships & Agreements
9.3.5. Others
10. Company Profiles
10.1. American Axle & Manufacturing Holdings, Inc.
10.1.1. Company Overview
10.1.2. Product/Service Landscape
10.1.3. Financial Overview
10.1.4. Recent Developments
10.2. Bailey Morris Limited
10.2.1. Company Overview
10.2.2. Product/Service Landscape
10.2.3. Financial Overview
10.2.4. Recent Developments
10.3. Balance Power Crankshaft Pvt. Ltd
10.3.1. Company Overview
10.3.2. Product/Service Landscape
10.3.3. Financial Overview
10.3.4. Recent Developments
10.4. Engine Power Components, Inc.
10.4.1. Company Overview
10.4.2. Product/Service Landscape
10.4.3. Financial Overview
10.4.4. Recent Developments
10.5. Hines Industries, Inc.
10.5.1. Company Overview
10.5.2. Product/Service Landscape
10.5.3. Financial Overview
10.5.4. Recent Developments
10.6. Hirschvogel Holding GmbH
10.6.1. Company Overview
10.6.2. Product/Service Landscape
10.6.3. Financial Overview
10.6.4. Recent Developments
10.7. Laco Uhrenmanufaktur GmbH
10.7.1. Company Overview
10.7.2. Product/Service Landscape
10.7.3. Financial Overview
10.7.4. Recent Developments
10.8. Linamar Corporation
10.8.1. Company Overview
10.8.2. Product/Service Landscape
10.8.3. Financial Overview
10.8.4. Recent Developments
10.9. Melrose Industries PLC
10.9.1. Company Overview
10.9.2. Product/Service Landscape
10.9.3. Financial Overview
10.9.4. Recent Developments
10.10. Musashi Seimitsu Industry Co., Ltd.
10.10.1. Company Overview
10.10.2. Product/Service Landscape
10.10.3. Financial Overview
10.10.4. Recent Developments
10.11. Ningbo Jingda Hardware Manufacture Co., Ltd.
10.11.1. Company Overview
10.11.2. Product/Service Landscape
10.11.3. Financial Overview
10.11.4. Recent Developments
10.12. Otics Corporation
10.12.1. Company Overview
10.12.2. Product/Service Landscape
10.12.3. Financial Overview
10.12.4. Recent Developments
10.13. SANSERA ENGINEERING PVT. LTD
10.13.1. Company Overview
10.13.2. Product/Service Landscape
10.13.3. Financial Overview
10.13.4. Recent Developments
10.14. SHW AG
10.14.1. Company Overview
10.14.2. Product/Service Landscape
10.14.3. Financial Overview
10.14.4. Recent Developments
10.15. SKF Group
10.15.1. Company Overview
10.15.2. Product/Service Landscape
10.15.3. Financial Overview
10.15.4. Recent Developments
The Balance Shaft Market has been segmented as below:
Balance Shaft Market, By Vehicle Type
Balance Shaft Market, By Manufacturing Process
Balance Shaft Market, By Engine Type
Balance Shaft Market, By Region
Balance Shaft Market, By Company
