Global Automotive Balance Shaft Market (2022 to 2027) - Industry Trends, Share, Size, Growth, Opportunity and Forecasts - Benzinga

2022-05-14 23:47:21 By : Ms. Jenny Ouyang

DUBLIN , May 10, 2022 /PRNewswire/ -- The "Automotive Balance Shaft Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.

 The global automotive balance shaft market reached a value of US$ 13.5 billion in 2021. Looking forward, the market is projected to reach US$ 18.8 billion by 2027, exhibiting at a CAGR of 5.55% during 2022-2027. Keeping in mind the uncertainties of COVID-19, the analyst is continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor. 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. 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.

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

Key Topics Covered: 1 Preface 2 Scope and 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 10 SWOT Analysis 11 Value Chain Analysis 12 Porters Five Forces Analysis 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

For more information about this report visit https://www.researchandmarkets.com/r/65pfeb

Research and Markets Laura Wood , Senior Manager press@researchandmarkets.com

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