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Automotive Balance Shaft Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The global automotive balance shaft market reached a value of US$ XX Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of XX% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are 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.

Automotive Balance Shaft Market Trends:

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.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global automotive balance shaft market, along with forecasts at the global, regional and country level from 2021-2026. Our report has categorized the market based on vehicle type, manufacturing process and engine type.

Breakup by Vehicle Type:

  • Passenger Cars
  • Light Commercial Vehicle
  • Heavy Commercial Vehicle
     

Breakup by Manufacturing Process:

  • Forging
  • Casting
     

Breakup by Engine Type:

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

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

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.

Report Coverage:

Report Features Details
Base Year of the Analysis 2020
    Historical Period 2015-2020
Forecast Period 2021-2026
Units US$ Billion
Segment Coverage Vehicle Type, Manufacturing Process, Engine Type, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered 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.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2299
Five User License: US$ 3399
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Key Questions Answered in This Report:

  • How has the global automotive balance shaft market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global automotive balance shaft market?
  • What are the key regional markets?
  • What is the breakup of the market based on the vehicle type?
  • What is the breakup of the market based on the manufacturing process?
  • What is the breakup of the market based on the engine type?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global automotive balance shaft market and who are the key players?
  • What is the degree of competition in the industry?

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting 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
    9.1    North America
        9.1.1 United States
           9.1.1.1 Market Trends
           9.1.1.2 Market Forecast
        9.1.2 Canada
           9.1.2.1 Market Trends
           9.1.2.2 Market Forecast
    9.2    Asia-Pacific
        9.2.1 China
           9.2.1.1 Market Trends
           9.2.1.2 Market Forecast
        9.2.2 Japan
           9.2.2.1 Market Trends
           9.2.2.2 Market Forecast
        9.2.3 India
           9.2.3.1 Market Trends
           9.2.3.2 Market Forecast
        9.2.4 South Korea
           9.2.4.1 Market Trends
           9.2.4.2 Market Forecast
        9.2.5 Australia
           9.2.5.1 Market Trends
           9.2.5.2 Market Forecast
        9.2.6 Indonesia
           9.2.6.1 Market Trends
           9.2.6.2 Market Forecast
        9.2.7 Others
           9.2.7.1 Market Trends
           9.2.7.2 Market Forecast
    9.3    Europe
        9.3.1 Germany
           9.3.1.1 Market Trends
           9.3.1.2 Market Forecast
        9.3.2 France
           9.3.2.1 Market Trends
           9.3.2.2 Market Forecast
        9.3.3 United Kingdom
           9.3.3.1 Market Trends
           9.3.3.2 Market Forecast
        9.3.4 Italy
           9.3.4.1 Market Trends
           9.3.4.2 Market Forecast
        9.3.5 Spain
           9.3.5.1 Market Trends
           9.3.5.2 Market Forecast
        9.3.6 Russia
           9.3.6.1 Market Trends
           9.3.6.2 Market Forecast
        9.3.7 Others
           9.3.7.1 Market Trends
           9.3.7.2 Market Forecast
    9.4    Latin America
        9.4.1 Brazil
           9.4.1.1 Market Trends
           9.4.1.2 Market Forecast
        9.4.2 Mexico
           9.4.2.1 Market Trends
           9.4.2.2 Market Forecast
        9.4.3 Others
           9.4.3.1 Market Trends
           9.4.3.2 Market Forecast
    9.5    Middle East and Africa
        9.5.1 Market Trends
        9.5.2 Market Breakup by Country
        9.5.3 Market Forecast
10    SWOT Analysis
    10.1    Overview
    10.2    Strengths
    10.3    Weaknesses
    10.4    Opportunities
    10.5    Threats
11    Value Chain Analysis
12    Porters Five Forces Analysis

    12.1    Overview
    12.2    Bargaining Power of Buyers
    12.3    Bargaining Power of Suppliers
    12.4    Degree of Competition
    12.5    Threat of New Entrants
    12.6    Threat of Substitutes
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

List of Figures

Figure 1: Global: Automotive Balance Shaft Market: Major Drivers and Challenges
Figure 2: Global: Automotive Balance Shaft Market: Sales Value (in Billion US$), 2015-2020
Figure 3: Global: Automotive Balance Shaft Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 4: Global: Automotive Balance Shaft Market: Breakup by Vehicle Type (in %), 2020
Figure 5: Global: Automotive Balance Shaft Market: Breakup by Manufacturing Process (in %), 2020
Figure 6: Global: Automotive Balance Shaft Market: Breakup by Engine Type (in %), 2020
Figure 7: Global: Automotive Balance Shaft Market: Breakup by Region (in %), 2020
Figure 8: Global: Automotive Balance Shaft (Passenger Cars) Market: Sales Value (in Million US$), 2015 & 2020
Figure 9: Global: Automotive Balance Shaft (Passenger Cars) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 10: Global: Automotive Balance Shaft (Light Commercial Vehicle) Market: Sales Value (in Million US$), 2015 & 2020
Figure 11: Global: Automotive Balance Shaft (Light Commercial Vehicle) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 12: Global: Automotive Balance Shaft (Heavy Commercial Vehicle) Market: Sales Value (in Million US$), 2015 & 2020
Figure 13: Global: Automotive Balance Shaft (Heavy Commercial Vehicle) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 14: Global: Automotive Balance Shaft (Forging) Market: Sales Value (in Million US$), 2015 & 2020
Figure 15: Global: Automotive Balance Shaft (Forging) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 16: Global: Automotive Balance Shaft (Casting) Market: Sales Value (in Million US$), 2015 & 2020
Figure 17: Global: Automotive Balance Shaft (Casting) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 18: Global: Automotive Balance Shaft (Inline-3 Cylinder Engine) Market: Sales Value (in Million US$), 2015 & 2020
Figure 19: Global: Automotive Balance Shaft (Inline-3 Cylinder Engine) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 20: Global: Automotive Balance Shaft (Inline-4 Cylinder Engine) Market: Sales Value (in Million US$), 2015 & 2020
Figure 21: Global: Automotive Balance Shaft (Inline-4 Cylinder Engine) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 22: Global: Automotive Balance Shaft (Inline-5 Cylinder Engine) Market: Sales Value (in Million US$), 2015 & 2020
Figure 23: Global: Automotive Balance Shaft (Inline-5 Cylinder Engine) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 24: Global: Automotive Balance Shaft (V6 Engine) Market: Sales Value (in Million US$), 2015 & 2020
Figure 25: Global: Automotive Balance Shaft (V6 Engine) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 26: North America: Automotive Balance Shaft Market: Sales Value (in Million US$), 2015 & 2020
Figure 27: North America: Automotive Balance Shaft Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 28: United States: Automotive Balance Shaft Market: Sales Value (in Million US$), 2015 & 2020
Figure 29: United States: Automotive Balance Shaft Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 30: Canada: Automotive Balance Shaft Market: Sales Value (in Million US$), 2015 & 2020
Figure 31: Canada: Automotive Balance Shaft Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 32: Asia-Pacific: Automotive Balance Shaft Market: Sales Value (in Million US$), 2015 & 2020
Figure 33: Asia-Pacific: Automotive Balance Shaft Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 34: China: Automotive Balance Shaft Market: Sales Value (in Million US$), 2015 & 2020
Figure 35: China: Automotive Balance Shaft Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 36: Japan: Automotive Balance Shaft Market: Sales Value (in Million US$), 2015 & 2020
Figure 37: Japan: Automotive Balance Shaft Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 38: India: Automotive Balance Shaft Market: Sales Value (in Million US$), 2015 & 2020
Figure 39: India: Automotive Balance Shaft Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 40: South Korea: Automotive Balance Shaft Market: Sales Value (in Million US$), 2015 & 2020
Figure 41: South Korea: Automotive Balance Shaft Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 42: Australia: Automotive Balance Shaft Market: Sales Value (in Million US$), 2015 & 2020
Figure 43: Australia: Automotive Balance Shaft Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 44: Indonesia: Automotive Balance Shaft Market: Sales Value (in Million US$), 2015 & 2020
Figure 45: Indonesia: Automotive Balance Shaft Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 46: Others: Automotive Balance Shaft Market: Sales Value (in Million US$), 2015 & 2020
Figure 47: Others: Automotive Balance Shaft Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 48: Europe: Automotive Balance Shaft Market: Sales Value (in Million US$), 2015 & 2020
Figure 49: Europe: Automotive Balance Shaft Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 50: Germany: Automotive Balance Shaft Market: Sales Value (in Million US$), 2015 & 2020
Figure 51: Germany: Automotive Balance Shaft Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 52: France: Automotive Balance Shaft Market: Sales Value (in Million US$), 2015 & 2020
Figure 53: France: Automotive Balance Shaft Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 54: United Kingdom: Automotive Balance Shaft Market: Sales Value (in Million US$), 2015 & 2020
Figure 55: United Kingdom: Automotive Balance Shaft Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 56: Italy: Automotive Balance Shaft Market: Sales Value (in Million US$), 2015 & 2020
Figure 57: Italy: Automotive Balance Shaft Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 58: Spain: Automotive Balance Shaft Market: Sales Value (in Million US$), 2015 & 2020
Figure 59: Spain: Automotive Balance Shaft Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 60: Russia: Automotive Balance Shaft Market: Sales Value (in Million US$), 2015 & 2020
Figure 61: Russia: Automotive Balance Shaft Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 62: Others: Automotive Balance Shaft Market: Sales Value (in Million US$), 2015 & 2020
Figure 63: Others: Automotive Balance Shaft Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 64: Latin America: Automotive Balance Shaft Market: Sales Value (in Million US$), 2015 & 2020
Figure 65: Latin America: Automotive Balance Shaft Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 66: Brazil: Automotive Balance Shaft Market: Sales Value (in Million US$), 2015 & 2020
Figure 67: Brazil: Automotive Balance Shaft Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 68: Mexico: Automotive Balance Shaft Market: Sales Value (in Million US$), 2015 & 2020
Figure 69: Mexico: Automotive Balance Shaft Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 70: Others: Automotive Balance Shaft Market: Sales Value (in Million US$), 2015 & 2020
Figure 71: Others: Automotive Balance Shaft Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 72: Middle East and Africa: Automotive Balance Shaft Market: Sales Value (in Million US$), 2015 & 2020
Figure 73: Middle East and Africa: Automotive Balance Shaft Market: Breakup by Country (in %), 2020
Figure 74: Middle East and Africa: Automotive Balance Shaft Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 75: Global: Automotive Balance Shaft Industry: SWOT Analysis
Figure 76: Global: Automotive Balance Shaft Industry: Value Chain Analysis
Figure 77: Global: Automotive Balance Shaft Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Automotive Balance Shaft Market: Key Industry Highlights, 2020 and 2026
Table 2: Global: Automotive Balance Shaft Market Forecast: Breakup by Vehicle Type (in Million US$), 2021-2026
Table 3: Global: Automotive Balance Shaft Market Forecast: Breakup by Manufacturing Process (in Million US$), 2021-2026
Table 4: Global: Automotive Balance Shaft Market Forecast: Breakup by Engine Type (in Million US$), 2021-2026
Table 5: Global: Automotive Balance Shaft Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 6: Global: Automotive Balance Shaft Market: Competitive Structure
Table 7: Global: Automotive Balance Shaft Market: Key Players

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