Automotive Balance Shaft Trends and Forecast
The future of the global automotive balance shaft market looks promising with opportunities in the passenger car, light commercial vehicle, and heavy commercial vehicle markets. The global automotive balance shaft market is expected to reach an estimated $19.7 billion by 2030 with a CAGR of 4.8% from 2024 to 2030. The major drivers for this market are rise in demand for inline four-cylinder engines, increased use of fuel-efficient automobiles with low carbon emissions, and growing demand for car engines with decreased noise, vibration, and harshness.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Automotive Balance Shaft by Segment
The study includes a forecast for the global automotive balance shaft by engine type, manufacturing process, sales channel, vehicle type, and region.
Automotive Balance Shaft Market by Engine Type [Shipment Analysis by Value from 2018 to 2030]:
• Inline 3-Cylinder Engine
• Inline 4-Cylinder Engine
• Inline 5-Cylinder Engine
• V6 Engine
Automotive Balance Shaft Market by Manufacturing Process [Shipment Analysis by Value from 2018 to 2030]:
• Forging
• Casting
Automotive Balance Shaft Market by Sales Channel [Shipment Analysis by Value from 2018 to 2030]:
• Original Equipment Manufacturer
• Aftermarket
Automotive Balance Shaft Market by Vehicle Type [Shipment Analysis by Value from 2018 to 2030]:
• Passenger Cars
• Light Commercial Vehicles
• Heavy Commercial Vehicles
Automotive Balance Shaft Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Automotive Balance Shaft Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies automotive balance shaft companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the automotive balance shaft companies profiled in this report include-
• American Axle & Manufacturing
• Engine Power Components
• Hirschvogel Group
• Linamar
• MAT Foundry Group
• Musashi Seimitsu Industry
• Ningbo Jingda Hardware
• Otics
• Sansera Engineering
• TFO
Automotive Balance Shaft Market Insights
Lucintel forecasts that inline 4-cylinder engine will remain the largest segment over the forecast period.
Within this market, passenger car will remain the largest segment due to the expanding demand for passenger vehicle, the manufacturers are investing in innovations to further fuel the demand.
APAC will remain the largest region over the forecast period due to the expansion of the automotive industry in conjunction with shifting consumer preferences and the implementation of strict government emission regulations in this area.
Features of the Global Automotive Balance Shaft Market
Market Size Estimates: Automotive balance shaft market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Automotive balance shaft market size by engine type, manufacturing process, sales channel, vehicle type, and region in terms of value ($B).
Regional Analysis: Automotive balance shaft market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different engine type, manufacturing process, sales channel, vehicle type, and regions for the automotive balance shaft market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the automotive balance shaft market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the automotive balance shaft market size?
Answer: The global automotive balance shaft market is expected to reach an estimated $19.7 billion by 2030.
Q2. What is the growth forecast for automotive balance shaft market?
Answer: The global automotive balance shaft market is expected to grow with a CAGR of 4.8% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the automotive balance shaft market?
Answer: The major drivers for this market are rise in demand for inline four-cylinder engines, increased use of fuel-efficient automobiles with low carbon emissions, and growing demand for car engines with decreased noise, vibration, and harshness.
Q4. What are the major segments for automotive balance shaft market?
Answer: The future of the global automotive balance shaft market looks promising with opportunities in the passenger car, light commercial vehicle, and heavy commercial vehicle markets.
Q5. Who are the key automotive balance shaft market companies?
Answer: Some of the key automotive balance shaft companies are as follows:
• American Axle & Manufacturing
• Engine Power Components
• Hirschvogel Group
• Linamar
• MAT Foundry Group
• Musashi Seimitsu Industry
• Ningbo Jingda Hardware
• Otics
• Sansera Engineering
• TFO
Q6. Which automotive balance shaft market segment will be the largest in future?
Answer: Lucintel forecasts that inline 4-cylinder engine will remain the largest segment over the forecast period.
Q7. In automotive balance shaft market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region over the forecast period due to the expansion of the automotive industry in conjunction with shifting consumer preferences and the implementation of strict government emission regulations in this area.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the automotive balance shaft market by engine type (inline 3-cylinder engine, inline 4-cylinder engine, inline 5-cylinder engine, and V6 engine), manufacturing process (forging and casting), sales channel (original equipment manufacturer and aftermarket), vehicle type (passenger cars, light commercial vehicles, and heavy commercial vehicles), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Automotive Balance Shaft Market, Automotive Balance Shaft Market Size, Automotive Balance Shaft Market Growth, Automotive Balance Shaft Market Analysis, Automotive Balance Shaft Market Report, Automotive Balance Shaft Market Share, Automotive Balance Shaft Market Trends, Automotive Balance Shaft Market Forecast, Automotive Balance Shaft Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.