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Automotive Balance Shaft - Global Market Trajectory & Analytics

  • ID: 4804434
  • Report
  • April 2021
  • Region: Global
  • 275 Pages
  • Global Industry Analysts, Inc
Global Automotive Balance Shaft Market to Reach $17.1 Billion by 2027

Amid the COVID-19 crisis, the global market for Automotive Balance Shaft estimated at US$12.2 Billion in the year 2020, is projected to reach a revised size of US$17.1 Billion by 2027, growing at a CAGR of 5% over the analysis period 2020-2027. Inline-4 Cylinder, one of the segments analyzed in the report, is projected to record a 5% CAGR and reach US$14.5 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the V-6 segment is readjusted to a revised 5.1% CAGR for the next 7-year period.

The U.S. Market is Estimated at $3.3 Billion, While China is Forecast to Grow at 7.7% CAGR

The Automotive Balance Shaft market in the U.S. is estimated at US$3.3 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$3.5 Billion by the year 2027 trailing a CAGR of 7.7% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.7% and 4.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.1% CAGR.

Other Engine Types Segment to Record 5.2% CAGR

In the global Other Engine Types segment, USA, Canada, Japan, China and Europe will drive the 4.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$459.1 Million in the year 2020 will reach a projected size of US$637.1 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$2.3 Billion by the year 2027, while Latin America will expand at a 6.4% CAGR through the analysis period.

Select Competitors (Total 41 Featured):
  • Engine Power Components, Inc.
  • Metaldyne LLC
  • Musashi Seimitsu Industry Co., Ltd.
  • Ningbo Jingda Hardware Manufacture Co., Ltd.
  • Otics Corporation
  • SHW AG
  • SKF Group
  • Tfo Corporation
Frequently Asked Questions about the Global Market for Automotive Balance Shaft

What is the estimated value of the Global Market for Automotive Balance Shaft?

The Global Market for Automotive Balance Shaft was estimated to be valued at $12.2 Billion in 2020.

What is the growth rate of the Global Market for Automotive Balance Shaft?

The growth rate of the Global Market for Automotive Balance Shaft is 4.9%, with an estimated value of $17.1 Billion by 2027.

What is the forecasted size of the Global Market for Automotive Balance Shaft?

The Global Market for Automotive Balance Shaft is estimated to be worth $17.1 Billion by 2027.
Note: Product cover images may vary from those shown

  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
  • Rising Sales Volume of Vehicles Equipped with Inline-4 Cylinder Engine Steers Market Expansion
  • Rising Share of 4-Cylinder Engines to Benefit Market Growth: Percentage Breakdown (In %) of US Vehicle Sales by Cylinder Group for the Years 2017, 2018 & 2019
  • Performance Benefits of Balance Shafts Critical to Reducing Engine NvH Levels
  • STable Automobile Production Trends Bodes Well for Market Growth
  • Led by China, Steadily Expanding Global Vehicle Production Drives Demand in the Market: Global Light Vehicle Production (In Million Units) by Geographic Region/Country for the Years 2017, 2019, 2022
  • Steadily Expanding Automobile Production in Asia Pacific Fuels Substantial Demand
  • A Key Demographic Driver of Consumerism, the Growing Middle Class Population in Asia Pacific Drives Demand for New Cars: Global Middle Class Population & Spending (In Million & US$ Billion) for the Years 2020, 2025, 2030
  • Percentage (In %) Breakdown of Automobile Production in Asia-Pacific by Country for the Year 2018
  • Tightening Emissions Regulations and Growing Focus on Fuel Efficiency Boosts Market Prospects
  • Pressing Need to Reduce Carbon Footprint in Automotive Sector to Benefit Demand in the Market: Percentage (In %) Breakdown of US Greenhouse Gas Emissions by Sector (2018)
  • Global CO2 Emissions: Percentage (In %) Breakdown by Sector (2018)
  • Innovations in Balance Shaft Designs and Materials Crucial to Market Growth
  • Expanding SUV Sales and Rising Penetration of Electric Vehicles to Challenge Market Growth

  • Total Companies Profiled: 41
Note: Product cover images may vary from those shown