The report is designed to provide a holistic view of the Automotive Balance Shaft Market . It provides the industry overview with market growth analysis with a historical & futuristic perspective for the following parameters; revenue, demands, and supply data (as applicable). Regional estimates and forecasts & trend analysis for eac country (U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Russia, Turkey, Belgium, Netherlands, Switzerland, Luxemburg, Rest of Europe, Japan, China, South Korea, India, Australia And New Zealand, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America UAE, Saudi Arabia, Egypt, Israel, South Africa, Rest of Middle East and Africa, etc.), and region (North America, Europe, Asia-Pacific, Middle East and Africa (MEA), and Latin America) are also available in the study. The impact of the COVID-19, and also forecasts its recovery post-COVID-19.

Data Bridge Market Research analyses that the automotive balance shaft market was valued at USD 13.50 billion in 2021 and is expected to reach 20.96 billion by 2029, registering a CAGR of 5.65% during the forecast period of 2022 to 2029. 

Top Companies in the Automotive Balance Shaft Market

GKN PLC (U.K.), ACPT Inc. (U.S.), American Axle & Manufacturing Inc. (U.S.), Yamada Manufacturing Co. Ltd. (Japan), Trelleborg AB (publ) (Sweden), NTN Corporation (Japan), The Timken Company (U.S.), Bailey Morris (U.K.), Fortune-Cross (Thailand) Co., Ltd. (Thailand), HYUNDAI WIA CORP. (South Korea), JTEKT Corporation (Japan), Meritor, Inc. (U.S.), Mohit Engineers Pvt. Ltd 9India), Nexteer (U.S.), shanghai gkn huayu driveline systems co. ltd (China), SHOWA CORPORATION (Japan), Wanxiang America Corporation (China), Xuchang Yuangdong Driveshaft Co., Ltd (China)

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This report segments the Automotive Balance Shaft Market are:
Manufacturing Process

  • Forge

  • Cast

Engine Type

  • Inline-3 Cylinder Engine

  • Inline-4 Cylinder Engine

  • Inline-5 Cylinder Engine

  • V6 Engine

Vehicle Type

  • Passenger Cars

  • Light Commercial Vehicles

  • High Commercial Vehicles

Sales Channel

  • OEM

  • Aftermarket

 End User

  • Commercial

  • Industrial

  • Defence

  • Others


Drivers

Increasing need for vehicle engines for reducing harshness, vibration and noise

Vehicle harshness, noise and vibration significantly affect the driving experience and vehicle performance. Many manufacturers of automobiles are consistently looking for the methods to reduce the harshness, noise and vibration in engines. Automotive balance shafts help reduce harshness, noise and vibration in the vehicle engine as it removes out the vertical second-order forces generated by the engine, though improving the performance and comfort of automobiles. Many automotive manufacturers of automotive balance shaft provide innovative solutions to increase the features of the automotive balance shaft to provide lower emissions, enhanced fuel economy and minimized vibrations and noise. 

  • Rising use of commercial vehicles

The increase in the use of commercial vehicles, such as trailers, buses, trucks, taxicabs and vans, in logistics and transportation is influencing the growth of the market positively. Furthermore, the developing trend of online shopping, along with the increasing global trade, is driving the use of commercial vehicles in logistics for shipments which are expected to enhance the demand of the automotive balance shaft in the market.

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A reliable Automotive Balance Shaft Market survey report is designed with the scrupulous market analysis carried out by a team of industry experts, dynamic analysts, skillful forecasters and well-informed researchers. And not to mention, the report is amazingly characterized by using several charts, graphs, and tables depending on the extent of data and information involved. What is more, influencing factors such as market drivers, market restraints and competitive analysis is studied with the SWOT analysis which is the most established tool when it comes to generate market research report. Businesses can achieve complete knowhow of general market conditions and tendencies with the information and data covered in the winning Automotive Balance Shaft Market report.

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Reports:

-Detailed overview of Automotive Balance Shaft Market
-Changing the Automotive Balance Shaft Market dynamics of the industry
-In-depth market segmentation by Type, Application, etc.
-Historical, current, and projected Automotive Balance Shaft Market size in terms of volume and value
Recent industry trends and developments
-Competitive landscape of Automotive Balance Shaft Market
-Strategies of key players and product offerings
-Potential and niche segments/regions exhibiting promising growth.

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