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Automotive Balance Shaft Market by Engine Type, Manufacturing Process, Application, and Sales Channel: Global Opportunity Analysis and Industry Forecast, 2021-2030

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    Report

  • 250 Pages
  • February 2022
  • Region: Global
  • Allied Market Research
  • ID: 5578263
Description Jump to:
Balance shaft is a mechanical part of a vehicle’s engine that reduces vibrations by cancelling out unbalanced dynamic forces. It is used to offset vibrations in engine designs, which are not inherently balanced. It assists in achieving vehicular weight optimization and superior fuel efficiency. Use of automotive balance shaft in a vehicle provides low specific fuel consumption, high thermal efficiency, energy savings, and improved passenger comfort while reducing engine noise, vibration, and harshness.

Balance shaft can be manufactured using forging or casting technique. In forging process, material is shaped with power hammers, presses, or special forging machines or with the application of localized compressive forces exerted manually. The forged components have good strength and toughness; hence, they can be used reliably for highly stressed and critical applications. In casting process, metal is heated until molten and then molten or liquid state is poured into a mold or vessel to create a balance shaft. Casting process is used in wide range of components that are too large, complicated, intricate, or otherwise unsuitable for the forging process.

Increase in demand for inline 4-cylinder engines, surge in adoption of fuel efficient vehicles with low carbon emission, and rise in need for vehicle engines with reduced noise, vibration, and harshness are the factors that drive the growth of the market. However, increase in adoption of electric vehicles and rise in sales of luxury vehicles and sports utility vehicles with high-performance engines are the factors that hinder the growth of the market. Surge in demand for passenger cars from emerging nations and technological advancements are the factors that accelerate the growth of this market.

The automotive balance shaft market is segmented on the basis of engine type, manufacturing process, application, sales channel, and region. Inline 3-cylinder engine, inline 4-cylinder engine, inline 5-cylinder engine, and V6 engine are the various types of engines covered in this study. It provides particulars about different manufacturing processes such as forging and casting. The application segment included in the report covers passenger cars, light commercial vehicles, and heavy commercial vehicles. Moreover, it summarizes the details about revenue generated across regions such as North America, Europe, Asia-Pacific, and LAMEA.

KEY BENEFITS FOR STAKEHOLDERS

  • This study presents the analytical depiction of the global automotive balance shaft market analysis along with the current trends and future estimations to depict imminent investment pockets
  • The overall automotive balance shaft market opportunity is determined by understanding profitable trends to gain a stronger foothold
  • The report presents information related to the key drivers, restraints, and opportunities of the global automotive balance shaft market with a detailed impact analysis
  • The current automotive balance shaft market is quantitatively analyzed from 2020 to 2030 to benchmark the financial competency
  • Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry

KEY MARKET SEGMENTS


By Engine Type

  • Inline 3-cylinder Engine
  • Inline 4-cylinder Engine
  • Inline 5-cylinder Engine
  • V6 Engine

By Manufacturing Process

  • Forging
  • Casting

By Application

  • Passenger Cars
  • Light Commercial Vehicles
  • Heavy Commercial Vehicles

By Sales Channel

  • Original Equipment Manufacturer
  • Aftermarket

By Region

  • North America
  • US
  • Canada
  • Mexico
  • Europe
  • UK
  • Germany
  • France
  • Russia
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Rest of Asia-Pacific
  • LAMEA
  • Latin America
  • Middle East
  • Africa
  • KEY PLAYERS
  • American Axle & Manufacturing, Inc
  • Engine Power Components, Inc
  • Hirschvogel Group
  • Linamar Corporation
  • MAT Foundry Group Ltd
  • Musashi Seimitsu Industry Co, Ltd
  • Ningbo Jingda Hardware Manufacture Co, Ltd
  • Otics Corporation
  • Sansera Engineering Limited
  • TFO Corporation

Table of Contents

Chapter 1: Introduction
1.1. Report Description
1.2. Key Benefits for Stakeholders
1.3. Key Market Segments
1.4. Research Methodology
1.4.1. Primary Research
1.4.2. Secondary Research
1.4.3. Analyst Tools and Models
Chapter 2: Executive Summary
2.1. Cxo Perspective
Chapter 3: Market Landscape
3.1. Market Definition and Scope
3.2. Key Findings
3.2.1. Top Impacting Factors
3.2.2. Top Investment Pockets
3.2.3. Top Winning Strategies
3.3. Porter’S Five Forces Analysis
3.4. Market Share Analysis, 2020 (%)
3.5. Market Dynamics
3.5.1. Drivers
3.5.1.1. Increase in Demand for Inline 4-Cylinder Engines
3.5.1.2. Surge in Adoption of Fuel Efficient Vehicles With Low Carbon Emission
3.5.1.3. Rise in Need for Vehicle Engines With Reduced Noise, Vibration, and Harshness
3.5.2. Restraints
3.5.2.1. Surge in Adoption of Electric Vehicles
3.5.2.2. Rise in Sale of Luxury Vehicles & Sports Utility Vehicles With High-Performance Engines
3.5.3. Opportunities
3.5.3.1. Increase in Demand for Passenger Vehicles from Emerging Nations
3.5.3.2. Technological Advancements
3.6. Covid-19 Impact Analysis
3.6.1. Evolution of Outbreak
3.6.2. Micro Economic Impact Analysis
3.6.2.1. Consumer Trends
3.6.2.2. Engine Type Trends
3.6.2.3. Regulatory Trends
3.6.3. Macro-Economic Impact Analysis
3.6.3.1. Gdp
3.6.3.2. Import/Export Analysis
3.6.3.3. Employment Index
3.6.4. Impact on the Automotive Balance Shaft Industry
Chapter 4: Automotive Balance Shaft Market, by Engine Type
4.1. Overview
4.2. Inline-3 Cylinder Engine
4.2.1. Key Market Trends, Growth Factors, and Opportunities
4.2.2. Market Size and Forecast, by Region
4.2.3. Market Analysis, by Country
4.3. Inline-4 Cylinder Engine
4.3.1. Key Market Trends, Growth Factors, and Opportunities
4.3.2. Market Size and Forecast, by Region
4.3.3. Market Analysis, by Country
4.4. Inline-5 Cylinder Engine
4.4.1. Key Market Trends, Growth Factors, and Opportunities
4.4.2. Market Size and Forecast, by Region
4.4.3. Market Analysis, by Country
4.5. V-6 Engine
4.5.1. Key Market Trends, Growth Factors, and Opportunities
4.5.2. Market Size and Forecast, by Region
4.5.3. Market Analysis, by Country
Chapter 5: Automotive Balance Shaft Market, by Manufacturing Process
5.1. Overview
5.2. Forging
5.2.1. Key Market Trends, Growth Factors, and Opportunities
5.2.2. Market Size and Forecast, by Region
5.2.3. Market Analysis, by Country
5.3. Casting
5.3.1. Key Market Trends, Growth Factors, and Opportunities
5.3.2. Market Size and Forecast, by Region
5.3.3. Market Analysis, by Country
Chapter 6: Automotive Balance Shaft Market, by Application
6.1. Overview
6.2. Passenger Cars
6.2.1. Key Market Trends, Growth Factors, and Opportunities
6.2.2. Market Size and Forecast, by Region
6.2.3. Market Analysis, by Country
6.3. Light Commercial Vehicles
6.3.1. Key Market Trends, Growth Factors, and Opportunities
6.3.2. Market Size and Forecast, by Region
6.3.3. Market Analysis, by Country
6.4. Heavy Commercial Vehicles
6.4.1. Key Market Trends, Growth Factors, and Opportunities
6.4.2. Market Size and Forecast, by Region
6.4.3. Market Analysis, by Country
Chapter 7: Automotive Balance Shaft Market, by Sales Channel
7.1. Overview
7.2. Original Equipment Manufacturer
7.2.1. Key Market Trends, Growth Factors, and Opportunities
7.2.2. Market Size and Forecast, by Region
7.2.3. Market Analysis, by Country
7.3. Aftermarket
7.3.1. Key Market Trends, Growth Factors, and Opportunities
7.3.2. Market Size and Forecast, by Region
7.3.3. Market Analysis, by Country
Chapter 8: Automotive Balance Shaft Market, by Region
8.1. Overview
8.2. North America
8.2.1. Key Market Trends, Growth Factors, and Opportunities
8.2.2. Market Size and Forecast, by Engine Type
8.2.3. Market Size and Forecast, by Manufacturing Process
8.2.4. Market Size and Forecast, by Application
8.2.5. Market Size and Forecast, by Sales Channel
8.2.6. Market Size and Forecast, by Country
8.2.6.1. U. S.
8.2.6.1.1. Market Size and Forecast, by Engine Type
8.2.6.1.2. Market Size and Forecast, by Manufacturing Process
8.2.6.1.3. Market Size and Forecast, by Application
8.2.6.1.4. Market Size and Forecast, by Sales Channel
8.2.6.2. Canada
8.2.6.2.1. Market Size and Forecast, by Engine Type
8.2.6.2.2. Market Size and Forecast, by Manufacturing Process
8.2.6.2.3. Market Size and Forecast, by Application
8.2.6.2.4. Market Size and Forecast, by Sales Channel
8.2.6.3. Mexico
8.2.6.3.1. Market Size and Forecast, by Engine Type
8.2.6.3.2. Market Size and Forecast, by Manufacturing Process
8.2.6.3.3. Market Size and Forecast, by Application
8.2.6.3.4. Market Size and Forecast, by Sales Channel
8.3. Europe
8.3.1. Key Market Trends, Growth Factors, and Opportunities
8.3.2. Market Size and Forecast, by Engine Type
8.3.3. Market Size and Forecast, by Manufacturing Process
8.3.4. Market Size and Forecast, by Application
8.3.5. Market Size and Forecast, by Sales Channel
8.3.6. Market Size and Forecast, by Country
8.3.6.1. Uk
8.3.6.1.1. Market Size and Forecast, by Engine Type
8.3.6.1.2. Market Size and Forecast, by Manufacturing Process
8.3.6.1.3. Market Size and Forecast, by Application
8.3.6.1.4. Market Size and Forecast, by Sales Channel
8.3.6.2. Germany
8.3.6.2.1. Market Size and Forecast, by Engine Type
8.3.6.2.2. Market Size and Forecast, by Manufacturing Process
8.3.6.2.3. Market Size and Forecast, by Application
8.3.6.2.4. Market Size and Forecast, by Sales Channel
8.3.6.3. France
8.3.6.3.1. Market Size and Forecast, by Engine Type
8.3.6.3.2. Market Size and Forecast, by Manufacturing Process
8.3.6.3.3. Market Size and Forecast, by Application
8.3.6.3.4. Market Size and Forecast, by Sales Channel
8.3.6.5. Russia
8.3.6.5.1. Market Size and Forecast, by Engine Type
8.3.6.5.2. Market Size and Forecast, by Manufacturing Process
8.3.6.5.3. Market Size and Forecast, by Application
8.3.6.5.4. Market Size and Forecast, by Sales Channel
8.3.6.6. Rest of Europe
8.3.6.6.1. Market Size and Forecast, by Engine Type
8.3.6.6.2. Market Size and Forecast, by Manufacturing Process
8.3.6.6.3. Market Size and Forecast, by Application
8.3.6.6.4. Market Size and Forecast, by Sales Channel
8.4. Asia-Pacific
8.4.1. Key Market Trends, Growth Factors, and Opportunities
8.4.2. Market Size and Forecast, by Engine Type
8.4.3. Market Size and Forecast, by Manufacturing Process
8.4.4. Market Size and Forecast, by Application
8.4.5. Market Size and Forecast, by Sales Channel
8.4.6. Market Size and Forecast, by Country
8.4.6.1. China
8.4.6.1.1. Market Size and Forecast, by Engine Type
8.4.6.1.2. Market Size and Forecast, by Manufacturing Process
8.4.6.1.3. Market Size and Forecast, by Application
8.4.6.1.4. Market Size and Forecast, by Sales Channel
8.4.6.2. Japan
8.4.6.2.1. Market Size and Forecast, by Engine Type
8.4.6.2.2. Market Size and Forecast, by Manufacturing Process
8.4.6.2.3. Market Size and Forecast, by Application
8.4.6.2.4. Market Size and Forecast, by Sales Channel
8.4.6.3. India
8.4.6.3.1. Market Size and Forecast, by Engine Type
8.4.6.3.2. Market Size and Forecast, by Manufacturing Process
8.4.6.3.3. Market Size and Forecast, by Application
8.4.6.3.4. Market Size and Forecast, by Sales Channel
8.4.6.5. South Korea
8.4.6.5.1. Market Size and Forecast, by Engine Type
8.4.6.5.2. Market Size and Forecast, by Manufacturing Process
8.4.6.5.3. Market Size and Forecast, by Application
8.4.6.5.4. Market Size and Forecast, by Sales Channel
8.4.6.6. Rest of Asia-Pacific
8.4.6.6.1. Market Size and Forecast, by Engine Type
8.4.6.6.2. Market Size and Forecast, by Manufacturing Process
8.4.6.6.3. Market Size and Forecast, by Application
8.4.6.6.4. Market Size and Forecast, by Sales Channel
8.5. Lamea
8.5.1. Key Market Trends, Growth Factors, and Opportunities
8.5.2. Market Size and Forecast, by Engine Type
8.5.3. Market Size and Forecast, by Manufacturing Process
8.5.4. Market Size and Forecast, by Application
8.5.5. Market Size and Forecast, by Sales Channel
8.5.6. Market Size and Forecast, by Country
8.5.6.1. Latin America
8.5.6.1.1. Market Size and Forecast, by Engine Type
8.5.6.1.2. Market Size and Forecast, by Manufacturing Process
8.5.6.1.3. Market Size and Forecast, by Application
8.5.6.1.4. Market Size and Forecast, by Sales Channel
8.5.6.2. Middle East
8.5.6.2.1. Market Size and Forecast, by Engine Type
8.5.6.2.2. Market Size and Forecast, by Manufacturing Process
8.5.6.2.3. Market Size and Forecast, by Application
8.5.6.2.4. Market Size and Forecast, by Sales Channel
8.5.6.3. Africa
8.5.6.3.1. Market Size and Forecast, by Engine Type
8.5.6.3.2. Market Size and Forecast, by Manufacturing Process
8.5.6.3.3. Market Size and Forecast, by Application
8.5.6.3.4. Market Size and Forecast, by Sales Channel
Chapter 9: Company Profiles
9.1. American Axle & Manufacturing, Inc.
9.1.1. Company Overview
9.1.2. Key Executives
9.1.3. Company Snapshot
9.1.4. Operating Business Segments
9.1.5. Product Portfolio
9.1.6. R&D Expenditure
9.1.7. Business Performance
9.1.8. Key Strategic Moves and Developments
9.2. Engine Power Components, Inc.
9.2.1. Company Overview
9.2.2. Key Executives
9.2.3. Company Snapshot
9.2.4. Product Portfolio
9.3. Hirschvogel Group
9.3.1. Company Overview
9.3.2. Key Executives
9.3.3. Company Snapshot
9.3.4. Product Portfolio
9.4. Linamar Corporation
9.4.1. Company Overview
9.4.2. Key Executives
9.4.3. Company Snapshot
9.4.4. Operating Business Segments
9.4.5. Product Portfolio
9.4.6. Business Performance
9.5. Mat Foundry Group Ltd.
9.5.1. Company Overview
9.5.2. Key Executives
9.5.3. Company Snapshot
9.5.4. Product Portfolio
9.6. Musashi Seimitsu Industry Co. Ltd.
9.6.1. Company Overview
9.6.2. Key Executives
9.6.3. Company Snapshot
9.6.4. Product Portfolio
9.6.5. Business Performance
9.7. Ningbo Jingda Hardware Manufacture Co. Ltd.
9.7.1. Company Overview
9.7.2. Key Executives
9.7.3. Company Snapshot
9.7.4. Product Portfolio
9.8. Otics Corporation
9.8.1. Company Overview
9.8.2. Key Executives
9.8.3. Company Snapshot
9.8.4. Product Portfolio
9.9. Sansera Engineering Limited
9.9.1. Company Overview
9.9.2. Key Executives
9.9.3. Company Snapshot
9.9.4. Product Portfolio
9.9.5. Business Performance
9.10. Tfo Corporation
9.10.1. Company Overview
9.10.2. Key Executives
9.10.3. Company Snapshot
9.10.4. Product Portfolio
List of Tables
Table 01. Global Automotive Balance Shaft Market, by Engine Type, 2020-2030 ($Million)
Table 02. Automotive Balance Shaft Market for Inline-3 Cylinder Engine, by Region 2020-2030 ($Million)
Table 03. Automotive Balance Shaft Market for Inline-4 Cylinder Engine, by Region 2020-2030 ($Million)
Table 04. Automotive Balance Shaft Market for Inline-5 Cylinder Engine, by Region 2020-2030 ($Million)
Table 05. Automotive Balance Shaft Market for V-6 Engine, by Region 2020-2030 ($Million)
Table 06. Global Automotive Balance Shaft Market, by Manufacturing Process, 2020-2030 ($Million)
Table 07. Automotive Balance Shaft Market for Forging, by Region 2020-2030 ($Million)
Table 08. Automotive Balance Shaft Market for Casting, by Region 2020-2030 ($Million)
Table 09. Global Automotive Balance Shaft Market, by Application, 2020-2030 ($Million)
Table 10. Automotive Balance Shaft Market for Passenger Cars, by Region 2020-2030 ($Million)
Table 11. Automotive Balance Shaft Market for Light Commercial Vehicles, by Region 2020-2030 ($Million)
Table 12. Automotive Balance Shaft Market for Heavy Commercial Vehicles, by Region 2020-2030 ($Million)
Table 13. Global Automotive Balance Shaft Market, by Sales Channel, 2020-2030 ($Million)
Table 14. Automotive Balance Shaft Market for Original Equipment Manufacturer, by Region 2020-2030 ($Million)
Table 15. Automotive Balance Shaft Market for Aftermarket, by Region 2020-2030 ($Million)
Table 16. Automotive Balance Shaft Market, by Region 2020–2030 ($Million)
Table 17. North America Automotive Balance Shaft Market, by Engine Type, 2020–2030 ($Million)
Table 18. North America Automotive Balance Shaft Market, by Manufacturing Process, 2020–2030 ($Million)
Table 19. North America Automotive Balance Shaft Market, by Application, 2020–2030 ($Million)
Table 20. North America Automotive Balance Shaft Market, by Sales Channel, 2020–2030 ($Million)
Table 21. U.S Automotive Balance Shaft Market, by Engine Type, 2020–2030 ($Million)
Table 22. U.S Automotive Balance Shaft Market, by Manufacturing Process, 2020–2030 ($Million)
Table 23. U.S Automotive Balance Shaft Market, by Application, 2020–2030 ($Million)
Table 24. U.S Automotive Balance Shaft Market, by Sales Channel, 2020–2030 ($Million)
Table 25. Canada Automotive Balance Shaft Market, by Engine Type, 2020–2030 ($Million)
Table 26. Canada Automotive Balance Shaft Market, by Manufacturing Process, 2020–2030 ($Million)
Table 27. Canada Automotive Balance Shaft Market, by Application, 2020–2030 ($Million)
Table 28. Canada Automotive Balance Shaft Market, by Sales Channel, 2020–2030 ($Million)
Table 29. Mexico Automotive Balance Shaft Market, by Engine Type, 2020–2030 ($Million)
Table 30. Mexico Automotive Balance Shaft Market, by Manufacturing Process, 2020–2030 ($Million)
Table 31. Mexico Automotive Balance Shaft Market, by Application, 2020–2030 ($Million)
Table 32. Mexico Automotive Balance Shaft Market, by Sales Channel, 2020–2030 ($Million)
Table 33. Europe Automotive Balance Shaft Market, by Engine Type, 2020–2030 ($Million)
Table 34. Europe Automotive Balance Shaft Market, by Manufacturing Process, 2020–2030 ($Million)
Table 35. Europe Automotive Balance Shaft Market, by Application, 2020–2030 ($Million)
Table 36. Europe Automotive Balance Shaft Market, by Sales Channel, 2020–2030 ($Million)
Table 37. Uk Automotive Balance Shaft Market, by Engine Type, 2020–2030 ($Million)
Table 38. Uk Automotive Balance Shaft Market, by Manufacturing Process, 2020–2030 ($Million)
Table 39. Uk Automotive Balance Shaft Market, by Application, 2020–2030 ($Million)
Table 40. Uk Automotive Balance Shaft Market, by Sales Channel, 2020–2030 ($Million)
Table 41. Germany Automotive Balance Shaft Market, by Engine Type, 2020–2030 ($Million)
Table 42. Germany Automotive Balance Shaft Market, by Manufacturing Process, 2020–2030 ($Million)
Table 43. Germany Automotive Balance Shaft Market, by Application, 2020–2030 ($Million)
Table 44. Germany Automotive Balance Shaft Market, by Sales Channel, 2020–2030 ($Million)
Table 45. France Automotive Balance Shaft Market, by Engine Type, 2020–2030 ($Million)
Table 46. France Automotive Balance Shaft Market, by Manufacturing Process, 2020–2030 ($Million)
Table 47. France Automotive Balance Shaft Market, by Application, 2020–2030 ($Million)
Table 48. France Automotive Balance Shaft Market, by Sales Channel, 2020–2030 ($Million)
Table 49. Russia Automotive Balance Shaft Market, by Engine Type, 2020–2030 ($Million)
Table 50. Russia Automotive Balance Shaft Market, by Manufacturing Process, 2020–2030 ($Million)
Table 51. Russia Automotive Balance Shaft Market, by Application, 2020–2030 ($Million)
Table 52. Russia Automotive Balance Shaft Market, by Sales Channel, 2020–2030 ($Million)
Table 53. Rest of Europe Automotive Balance Shaft Market, by Engine Type, 2020–2030 ($Million)
Table 54. Rest of Europe Automotive Balance Shaft Market, by Manufacturing Process, 2020–2030 ($Million)
Table 55. Rest of Europe Automotive Balance Shaft Market, by Application, 2020–2030 ($Million)
Table 56. Rest of Europe Automotive Balance Shaft Market, by Sales Channel, 2020–2030 ($Million)
Table 57. Asia-Pacific Automotive Balance Shaft Market, by Engine Type, 2020–2030 ($Million)
Table 58. Asia-Pacific Automotive Balance Shaft Market, by Manufacturing Process, 2020–2030 ($Million)
Table 59. Asia-Pacific Automotive Balance Shaft Market, by Application, 2020–2030 ($Million)
Table 60. Asia-Pacific Automotive Balance Shaft Market, by Sales Channel, 2020–2030 ($Million)
Table 61. China Automotive Balance Shaft Market, by Engine Type, 2020–2030 ($Million)
Table 62. China Automotive Balance Shaft Market, by Manufacturing Process, 2020–2030 ($Million)
Table 63. China Automotive Balance Shaft Market, by Application, 2020–2030 ($Million)
Table 64. China Automotive Balance Shaft Market, by Sales Channel, 2020–2030 ($Million)
Table 65. Japan Automotive Balance Shaft Market, by Engine Type, 2020–2030 ($Million)
Table 66. Japan Automotive Balance Shaft Market, by Manufacturing Process, 2020–2030 ($Million)
Table 67. Japan Automotive Balance Shaft Market, by Application, 2020–2030 ($Million)
Table 68. Japan Automotive Balance Shaft Market, by Sales Channel, 2020–2030 ($Million)
Table 69. India Automotive Balance Shaft Market, by Engine Type, 2020–2030 ($Million)
Table 70. India Automotive Balance Shaft Market, by Manufacturing Process, 2020–2030 ($Million)
Table 71. India Automotive Balance Shaft Market, by Application, 2020–2030 ($Million)
Table 72. India Automotive Balance Shaft Market, by Sales Channel, 2020–2030 ($Million)
Table 73. South Korea Automotive Balance Shaft Market, by Engine Type, 2020–2030 ($Million)
Table 74. South Korea Automotive Balance Shaft Market, by Manufacturing Process, 2020–2030 ($Million)
Table 75. South Korea Automotive Balance Shaft Market, by Application, 2020–2030 ($Million)
Table 76. South Korea Automotive Balance Shaft Market, by Sales Channel, 2020–2030 ($Million)
Table 77. Rest of Asia-Pacific Automotive Balance Shaft Market, by Engine Type, 2020–2030 ($Million)
Table 78. Rest of Asia-Pacific Automotive Balance Shaft Market, by Manufacturing Process, 2020–2030 ($Million)
Table 79. Rest of Asia-Pacific Automotive Balance Shaft Market, by Application, 2020–2030 ($Million)
Table 80. Rest of Asia-Pacific Automotive Balance Shaft Market, by Sales Channel, 2020–2030 ($Million)
Table 81. Lamea Automotive Balance Shaft Market, by Engine Type, 2020–2030 ($Million)
Table 82. Lamea Automotive Balance Shaft Market, by Manufacturing Process, 2020–2030 ($Million)
Table 83. Lamea Automotive Balance Shaft Market, by Application, 2020–2030 ($Million)
Table 84. Lamea Automotive Balance Shaft Market, by Sales Channel, 2020–2030 ($Million)
Table 85. Latin America Automotive Balance Shaft Market, by Engine Type, 2020–2030 ($Million)
Table 86. Latin America Automotive Balance Shaft Market, by Manufacturing Process, 2020–2030 ($Million)
Table 87. Latin America Automotive Balance Shaft Market, by Application, 2020–2030 ($Million)
Table 88. Latin America Automotive Balance Shaft Market, by Sales Channel, 2020–2030 ($Million)
Table 89. Middle East Automotive Balance Shaft Market, by Engine Type, 2020–2030 ($Million)
Table 90. Middle East Automotive Balance Shaft Market, by Manufacturing Process, 2020–2030 ($Million)
Table 91. Middle East Automotive Balance Shaft Market, by Application, 2020–2030 ($Million)
Table 92. Middle East Automotive Balance Shaft Market, by Sales Channel, 2020–2030 ($Million)
Table 93. Africa Automotive Balance Shaft Market, by Engine Type, 2020–2030 ($Million)
Table 94. Africa Automotive Balance Shaft Market, by Manufacturing Process, 2020–2030 ($Million)
Table 95. Africa Automotive Balance Shaft Market, by Application, 2020–2030 ($Million)
Table 96. Africa Automotive Balance Shaft Market, by Sales Channel, 2020–2030 ($Million)
Table 97. American Axle & Manufacturing, Inc. : Key Executives
Table 98. American Axle & Manufacturing, Inc. : Company Snapshot
Table 99. American Axle & Manufacturing, Inc. : Operating Segments
Table 100. American Axle & Manufacturing, Inc. : Product Portfolio
Table 101. American Axle & Manufacturing, Inc. : R&D Expenditure, 2019–2021 ($Million)
Table 102. American Axle & Manufacturing, Inc. : Net Sales, 2019–2021 ($Million)
Table 103. Engine Power Components, Inc. : Key Executive
Table 104. Engine Power Components, Inc. : Company Snapshot
Table 105. Engine Power Components, Inc. : Product Portfolio
Table 106. Hirschvogel Group: Key Executives
Table 107. Hirschvogel Group: Company Snapshot
Table 108. Hirschvogel Group: Product Portfolio
Table 109. Linamar Corporation: Key Executives
Table 110. Linamar Corporation: Company Snapshot
Table 111. Linamar Corporation: Operating Segments
Table 112. Linamar Corporation: Product Portfolio
Table 113. Linamar Corporation: Net Sales, 2018–2020 ($Million)
Table 114. Mat Foundry Group Ltd. : Key Executives
Table 115. Mat Foundry Group Ltd. : Company Snapshot
Table 116. Mat Foundry Group Ltd. : Product Portfolio
Table 117. Musashi Seimitsu Industry Co. Ltd. : Key Executives
Table 118. Musashi Seimitsu Industry Co. Ltd. : Company Snapshot
Table 119. Musashi Seimitsu Industry Co. Ltd. : Product Portfolio
Table 120. Musashi Seimitsu Industry Co. Ltd. : Net Sales, 2018–2020 ($Million)
Table 121. Ningbo Jingda Hardware Manufacture Co. Ltd. : Key Executives
Table 122. Ningbo Jingda Hardware Manufacture Co. Ltd. : Company Snapshot
Table 123. Ningbo Jingda Hardware Manufacture Co. Ltd. : Product Portfolio
Table 124. Otics Corporation: Key Executives
Table 125. Otics Corporation: Company Snapshot
Table 126. Otics Corporation: Product Portfolio
Table 127. Sansera Engineering Limited: Key Executives
Table 128. Sansera Engineering Limited: Company Snapshot
Table 129. Sansera Engineering Limited: Product Portfolio
Table 130. Sansera Engineering Limited: Net Sales, 2018–2020 ($Million)
Table 131. Tfo Corporation: Key Executives
Table 132. Tfo Corporation: Company Snapshot
Table 133. Tfo Corporation: Product Portfolio
List of Figures
Figure 01. Key Market Segments
Figure 02. Executive Summary
Figure 03. Executive Summary
Figure 04. Top Impacting Factors
Figure 05. Top Investment Pockets
Figure 06. Top Winning Strategies, by Year, 2019-2021
Figure 07. Top Winning Strategies, by Development, 2019-2021
Figure 08. Top Winning Strategies, by Company, 2019-2021
Figure 09. Moderate Bargaining Power of Suppliers
Figure 10. Moderate Threat of New Entrants
Figure 11. Moderate Threat of Substitutes
Figure 12. Moderate Intensity of Rivalry
Figure 13. Moderate Bargaining Power of Buyers
Figure 14. Market Share Analysis, 2020 (%)
Figure 15. Global Automotive Balance Shaft Market Share, by Engine Type, 2020–2030 (%)
Figure 16. Comparative Share Analysis of Automotive Balance Shaft Market for Inline-3 Cylinder Engine, by Country, 2020 & 2030 ($ Million)
Figure 17. Comparative Share Analysis of Automotive Balance Shaft Market for Inline-4 Cylinder Engine, by Country, 2020 & 2030 ($ Million)
Figure 18. Comparative Share Analysis of Automotive Balance Shaft Market for Inline-5 Cylinder Engine, by Country, 2020 & 2030 ($ Million)
Figure 19. Comparative Share Analysis of Automotive Balance Shaft Market for V-6 Engine, by Country, 2020 & 2030 ($ Million)
Figure 20. Global Automotive Balance Shaft Market Share, by Manufacturing Process, 2020–2030 (%)
Figure 22. Comparative Share Analysis of Automotive Balance Shaft Market for Forging, by Country, 2020 & 2030 ($ Million)
Figure 23. Comparative Share Analysis of Automotive Balance Shaft Market for Casting, by Country, 2020 & 2030 ($ Million)
Figure 24. Global Automotive Balance Shaft Market Share, by Application, 2020–2030 (%)
Figure 26. Comparative Share Analysis of Automotive Balance Shaft Market for Passenger Cars, by Country, 2020 & 2030 ($ Million)
Figure 27. Comparative Share Analysis of Automotive Balance Shaft Market for Light Commercial Vehicles, by Country, 2020 & 2030 ($ Million)
Figure 30. Comparative Share Analysis of Automotive Balance Shaft Market for Heavy Commercial Vehicles, by Country, 2020 & 2030 ($ Million)
Figure 31. Global Automotive Balance Shaft Market Share, by Sales Channel, 2020–2030 (%)
Figure 32. Comparative Share Analysis of Automotive Balance Shaft Market for Original Equipment Manufacturer, by Country, 2020 & 2030 ($ Million)
Figure 34. Comparative Share Analysis of Automotive Balance Shaft Market for Aftermarket, by Country, 2020 & 2030 ($ Million)
Figure 35. Automotive Balance Shaft Market, by Region, 2020-2030 (%)
Figure 36. Comparative Share Analysis of North America Automotive Balance Shaft Market, by Country, 2020–2030 (%)
Figure 37. U. S. Automotive Balance Shaft Market, 2020–2030 ($ Million)
Figure 38. Canada Automotive Balance Shaft Market, 2020–2030 ($ Million)
Figure 39. Mexico Automotive Balance Shaft Market, 2020–2030 ($ Million)
Figure 40. Comparative Share Analysis of Europe Automotive Balance Shaft Market, by Country, 2020–2030 (%)
Figure 41. Uk Automotive Balance Shaft Market, 2020–2030 ($ Million)
Figure 42. Germany Automotive Balance Shaft Market, 2020–2030 ($ Million)
Figure 43. France Automotive Balance Shaft Market, 2020–2030 ($ Million)
Figure 44. Russia Automotive Balance Shaft Market, 2020–2030 ($ Million)
Figure 45. Rest of Europe Automotive Balance Shaft Market, 2020–2030 ($ Million)
Figure 46. Comparative Share Analysis of Asia-Pacific Automotive Balance Shaft Market, by Country, 2020–2030 (%)
Figure 47. China Automotive Balance Shaft Market, 2020–2030 ($ Million)
Figure 48. Japan Automotive Balance Shaft Market, 2020–2030 ($ Million)
Figure 49. India Automotive Balance Shaft Market, 2020–2030 ($ Million)
Figure 50. South Korea Automotive Balance Shaft Market, 2020–2030 ($ Million)
Figure 51. Rest of Asia-Pacific Automotive Balance Shaft Market, 2020–2030 ($ Million)
Figure 52. Comparative Share Analysis of LAMEA Automotive Balance Shaft Market, by Country, 2020–2030 (%)
Figure 53. Latin America Automotive Balance Shaft Market, 2020–2030 ($ Million)
Figure 54. Middle East Automotive Balance Shaft Market, 2020–2030 ($ Million)
Figure 55. Africa Automotive Balance Shaft Market, 2020–2030 ($ Million)
Figure 56. American Axle & Manufacturing, Inc: R&D Expenditure, 2019–2021 ($ Million)
Figure 57. American Axle & Manufacturing, Inc: Net Sales, 2019–2021 ($ Million)
Figure 58. American Axle & Manufacturing, Inc: Revenue Share by Segment, 2021 (%)
Figure 59. American Axle & Manufacturing, Inc: Revenue Share by Region, 2021 (%)
Figure 60. Linamar Corporation: Net Sales, 2018–2020 ($ Million)
Figure 61. Linamar Corporation: Revenue Share by Segment, 2020 (%)
Figure 62. Linamar Corporation: Revenue Share by Region, 2020 (%)
Figure 63. Musashi Seimitsu Industry Co. Ltd: Net Sales, 2018–2020 ($ Million)
Figure 64. Sansera Engineering Limited: Net Sales, 2018–2020 ($ Million)

Executive Summary

According to a recent report titled, “Automotive Balance Shaft Market by Engine Type, Manufacturing Process, Application, and Sales Channel: Global Opportunity Analysis and Industry Forecast, 2021–2030”, the global automotive balance shaft market was valued at $10,489.0 million in 2020, and is projected to reach $16,691.3 million by 2030, registering a CAGR of 4.9% from 2021 to 2030.

Asia-Pacific is expected to be dominate the global automotive balance shaft market during the forecast period, owing to factors such as rise in sales of new cars and enhanced adoption of fuel-efficient vehicles. Increase in vehicle production specifically in the emerging economies such as China, Taiwan, India, and Singapore boosts the market growth. In addition, introduction of stringent government regulations associated with emissions and rise in environmental awareness are expected to fuel the overall market growth.

By application, is the market is segmented into passenger cars, light commercial vehicles, and heavy commercial vehicles. The passenger car segment dominated the market in 2020. Increase in demand for passenger vehicles from emerging economies, enhanced need for high performing & fuel-efficient vehicles, and stringent emission standards drive the growth of this segment.

Based on engine type, the market is segregated into inline 3-cylinder engine, inline 4-cylinder engine, inline 5-cylinder engine, and V6 engine. Increase in demand for inline 4-cylinder engine has been observed as it provides fuel efficiency and improved performance. Moreover, inline 4-cylinder engines have second-order vibration that can be handled with the help of balance shaft, which, in turn, increases the demand for balance shaft during the forecast period.

The significant factors impacting the growth of the automotive balance shaft market include increase in demand for inline-4 cylinder engines, improved adoption of fuel-efficient vehicles with low carbon emission, and rise in need for vehicle engines with reduced noise, vibration, and harshness. However, surge in adoption of electric vehicles and rise in sale of luxury vehicles & sports utility vehicles with high-performance engines are expected to hinder the market growth. Conversly, increase in demand for passenger vehicles from emerging nations and technological advancements are expected to offer growth opportunities during the forecast period.

COVID-19 Impact Analysis


The COVID-19 crisis has created uncertainty in the market, massive fall of supply chain, decline in business confidence, and increase in panic among the customer segments. Governments of different regions have already announced total lockdown and temporary shutdown of industries, thereby adversely affecting the overall production and sales.

The COVID-19 pandemic affected sales of new vehicles, especially in 2020. It resulted in supply chain disruptions causing delay in manufacturing of vehicles. Several automobile manufacturers faced shortage of components and materials leading to delay in production of vehicles. However, with the uplifting of lockdown restrictions, increase in demand for vehicles is expected to be observed, boosting the growth of the automotive balance shaft market.

Different countries took initiatives to revive the automobile industry in their region during the COVID-19 pandemic. For instance, in April 2020, the Chinese Government issued a circular on measures to stabilize and expand automobile consumption, which, in turn, extended subsidies to automobile manufacturers until 2022.

Key Findings Of The Study


  • Depending on engine type, the inline 3 cylinder engine segment is expected to register a significant growth during the forecast period
  • By manufacturing process, the forging segment is anticipated to exhibit significant growth in the near future
  • According to application, the light commercial vehicle segment is anticipated to exhibit significant growth in the near future
  • By sales channel, the aftermarket segment is anticipated to exhibit significant growth during the forecast period
  • Region wise, LAMEA is anticipated to register the highest CAGR during the forecast period
  • The key players operating in the global automotive balance shaft market include American Axle & Manufacturing, Inc., Engine Power Components, Inc., Hirschvogel Group, Linamar Corporation, MAT Foundry Group Ltd., Musashi Seimitsu Industry Co., Ltd., Ningbo Jingda Hardware Manufacturing Co., Ltd, Otics Corporation, Sansera Engineering Limited, and TFO Corporation

Companies Mentioned

  • American Axle & Manufacturing, Inc.
  • Engine Power Components, Inc.
  • Hirschvogel Group
  • Linamar Corporation
  • MAT Foundry Group Ltd.
  • Musashi Seimitsu Industry Co., Ltd.
  • Ningbo Jingda Hardware Manufacturing Co., Ltd.
  • Otics Corporation, Sansera Engineering Limited
  • TFO Corporation.

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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