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Report Outlook
| Market Size | CAGR | Dominating Region |
|---|---|---|
| USD 20.22 Billion by 2030 | 7% | Asia-Pacific |
| By Vehicle type | By Engine type | By Manufacturing process |
|---|---|---|
|
|
|
SCOPE OF THE REPORT
Balance Shaft Market Overview
The balance shaft market is expected to grow at 7% CAGR from 2023 to 2030. It is expected to reach above USD 20.22 Billion by 2030 from USD 12.60 Billion in 2023.
In order to reduce the vibration caused by an engine, a balancing shaft is designed to vibrate and be replaced. Balance shafts are frequently utilized to improve engines. Four-cylinder engines use a tow shaft that corresponds in opposing directions on either side of the crankshaft. Three-cylinder and V6 engines each use a single balance shaft. A complicated component of an automobile that requires precision design is the balancing shaft. This is frequently done to make sure that it is compatible with the system and the engines. Its entire weight is dynamically affected by the cloth that is thrown off to make balance shafts. Aluminum balance shafts are used by the majority of original equipment manufacturers since they are lighter and stronger.
The car engine encounters a second level of vibration, particularly those with asymmetrical designs. Asymmetrically designed, well-balanced engines also experience second-level vibration. The automotive balancing shaft is built into car engines to counteract the vibration that the engines produce. In comparison to cast balance shafts, fabricated balancing shafts are more compact, lighter, and may contain natural damping that works more effectively.
One of the key elements driving market expansion is the increase in passenger car sales due to increased urbanization and rising income levels. Automotive balancing shafts promote passenger comfort by lowering engine vibration, noise, and harshness. In addition, the market is benefiting from the growing usage of commercial vehicles in logistics and transportation, including buses, trucks, taxicabs, trailers, and vans. Additionally, the growing popularity of online shopping and the expansion of world trade are driving up the use of commercial trucks in logistics for shipments. In turn, this is fueling market expansion. The need for integrated mobility solutions that decrease traffic and commute times and offer a variety of travel options is also being driven by the expanding working population.
Manufacturers now have attractive options to diversify their product lines and maintain a competitive advantage in the marketplace. Furthermore, strict regulations put in place by governing bodies in many nations to reduce greenhouse gas (GHG) emissions from vehicles are driving the market’s expansion. Additionally, this is motivating auto original equipment manufacturers (OEMs) to add balancing shafts to vehicles in order to increase their thermal efficiency, energy efficiency, and fuel efficiency. Additionally, market competitors are concentrating on enhancing the functionality and design of balancing shafts, which is projected to fuel market expansion.
| ATTRIBUTE | DETAILS |
| Study period | 2020-2030 |
| Base year | 2022 |
| Estimated year | 2023 |
| Forecasted year | 2023-2030 |
| Historical period | 2019-2021 |
| Unit | Value (USD Billion), Volume (Thousand units) |
| Segmentation | By Vehicle Type, By Engine Type, By Manufacturing Process, By Region |
| By Vehicle Type |
|
| By Engine Type |
|
| By Manufacturing Process |
|
| By Region |
|
Balance shaft Market Segment Analysis
The balance shaft market is segmented based on vehicle type, engine type, manufacturing process and region.
Based on vehicle type, the market is segmented into passenger car, light commercial vehicle, heavy commercial vehicle.
Based on engine type, the market is segmented into inline-3 cylinder (L3) engine, inline-4 cylinder (L4) engine, inline-5-cylinder engine, v-6 engine. The inline-4 cylinder engine is one of the most prevalent types. It can fit in practically any engine compartment because of how small and compact it is. Since there is only one exhaust manifold, it is significantly lighter than it already is. Due to their superior fuel efficiency and inexpensive price, inline-4 cylinder engines are likewise in high demand. Additionally, engine advancements like the turbocharged 4-cylinder engine offer exceptional power and mileage. It used to be typical for normal 4-cylinder vehicles to offer an expensive V6 engine as an option. Although many automakers have switched over V6s for turbocharged 4-cylinder engines that generate V6-like power while obtaining better mileage as fuel economy has grown in importance.
Based on manufacturing process, the market is segmented into forged balance shaft, cast balance shaft. Some of the benefits offered by the forging process include increased strength and fatigue resistance, improved microstructure, lower downtime due to premature failures, decreased possibility of voids, and continuous grain flow. The hot rolled forging method, which gives the components composite strength, is used by 73% of automobile component makers, according to the Forging Industry Association.
Balance shaft Market Players
The balance shaft Market Key players include MAT Foundry Group Ltd., SAC Engine Components Pvt. Ltd., Musashi Seimitsu Industry Co. Ltd., Ningbo Jingda Hardware Manufacture Co. Ltd., Otics Corporation, American Axle & Manufacturing Holdings, Inc., LACO Technologies, MITSEC-JEBSEN AUTOMOTIVE SYSTEMS CO. LTD., Sansera Engineering Pvt. Ltd., SHW AG, SKF Group AB, TFO Corporation, Engine Power Components Inc., Metaldyne LLC.
Industry News:
- 05 May, 2023: American Axle & Manufacturing Holdings, Inc. announced a USD 20 million investment in the Global Strategic Mobility Fund.
- 07 May, 2021: AAM and REE Automotive, announced that the companies agreed to jointly develop an exciting new electric propulsion system for e-mobility.
Who Should Buy? Or Key stakeholders
- Automotive Manufacturers
- Engine Manufacturers
- Component Suppliers
- Aftermarket Distributors and Service Providers
- Government & Regional Agencies
- Research Organizations
- Investors
- Regulatory Authorities
Balance shaft Market Regional Analysis
The balance shaft Market by region includes North America, Asia-Pacific (APAC), Europe, South America, and Middle East & Africa (MEA).
- North America: includes the US, Canada, Mexico
- Asia Pacific: includes China, Japan, South Korea, India, Australia, ASEAN and Rest of APAC
- Europe: includes UK, Germany, France, Italy, Spain, Russia, and Rest of Europe
- South America: includes Brazil, Argentina and Rest of South America
- Middle East & Africa: includes Turkey, UAE, Saudi Arabia, South Africa, and Rest of MEA
In year 2022, Asia-Pacific dominated the market for balancing shafts. The automobile sector has seen substantial expansion in the Asia-Pacific region, with key contributors including China, India, Japan, and South Korea. Due to factors including urbanisation, rising disposable incomes, population growth, and government programmes to support the automobile industry, these nations have had strong vehicle production and sales. Balance shafts are in high demand due to the region’s robust automobile sector. Numerous significant automakers, including both domestic and foreign players, are based in Asia-Pacific. Companies with a large presence in the area include Toyota, Honda, Hyundai, Nissan, and Tata Motors, among others. To improve performance and adhere to regulations, these producers install balancing shafts into their engines.
The region’s dominance in the balance shaft market is mostly due to the concentration of significant automakers there. In the automotive industry, there has been a growing focus on engine efficiency and cleaner technology due to rising worries about environmental pollution and strict emission standards. In order to increase engine efficiency, lessen vibration, and adhere to emission regulations, balance shafts are essential. As a result of aggressive efforts by Asian nations to enact stricter pollution rules, balancing shaft demand has increased in the region. For electric and hybrid vehicles, Asia-Pacific has been a major market. Ahead of the curve in adopting EVs have been nations like China and Japan thanks to major investments in electric transportation and favourable governmental legislation. Balance shafts may still be necessary for some applications, such as range extenders or auxiliary engines, despite the fact that electric vehicles (EVs) have fewer mechanical parts and alternative propulsion sources than conventional internal combustion engines. Manufacturers of balancing shafts in the region have prospects thanks to the expanding EV industry in Asia-Pacific.
Key Market Segments: Balance shaft Market
Balance shaft Market By Vehicle type, 2020-2030, (USD Billion, Thousand units)
- Passenger car
- Light commercial vehicle
- Heavy commercial vehicle
Balance shaft Market By Engine type, 2020-2030, (USD Billion, Thousand units)
- Inline-3 cylinder (L3) engine
- Inline-4 cylinder (L4) engine
- Inline-5 cylinder engine
- V-6 engine
Balance shaft Market By Manufacturing process, 2020-2030, (USD Billion, Thousand units)
- Forged balance shaft
- Cast balance shaft
Balance shaft Market By Region, 2020-2030, (USD Billion, Thousand units)
- North America
- Asia Pacific
- Europe
- South America
- Middle East And Africa
Important Countries In All Regions Are Covered.
Exactitude Consultancy Key Objectives:
- Increasing sales and market share
- Developing new engine type
- Improving profitability
- Entering new markets
- Enhancing brand reputation
Key Question Answered
- What is the expected growth rate of the balance shaft market over the next 7 years?
- Who are the major players in the balance shaft market and what is their market share?
- What are the end-user industries driving demand for market and what is their outlook?
- What are the opportunities for growth in emerging markets such as Asia-Pacific, Middle East, and Africa?
- How is the economic environment affecting the balance shaft market, including factors such as interest rates, inflation, and exchange rates?
- What is the expected impact of government policies and regulations on the balance shaft market?
- What is the current and forecasted size and growth rate of the global balance shaft market?
- What are the key drivers of growth in the balance shaft market?
- Who are the major players in the market and what is their market share?
- What are the distribution channels and supply chain dynamics in the balance shaft market?
- What are the technological advancements and innovations in the balance shaft market and their impact on engine type development and growth?
- What are the regulatory considerations and their impact on the market?
- What are the challenges faced by players in the balance shaft market and how are they addressing these challenges?
- What are the opportunities for growth and expansion in the balance shaft market?
- What are the engine type vehicle type and specifications of leading players in the market?
- What is the pricing trend of balance shaft in the market and what is the impact of raw material prices on the price trend?
Table of Content
- INTRODUCTION
- MARKET DEFINITION
- MARKET SEGMENTATION
- RESEARCH TIMELINES
- ASSUMPTIONS AND LIMITATIONS
- RESEARCH METHODOLOGY
- DATA MINING
- SECONDARY RESEARCH
- PRIMARY RESEARCH
- SUBJECT-MATTER EXPERTS’ ADVICE
- QUALITY CHECKS
- FINAL REVIEW
- DATA TRIANGULATION
- BOTTOM-UP APPROACH
- TOP-DOWN APPROACH
- RESEARCH FLOW
- DATA SOURCES
- DATA MINING
- EXECUTIVE SUMMARY
- MARKET OVERVIEW
- GLOBAL BALANCE SHAFT MARKET OUTLOOK
- MARKET DRIVERS
- MARKET RESTRAINTS
- MARKET OPPORTUNITIES
- IMPACT OF COVID-19 ON BALANCE SHAFT MARKET
- PORTER’S FIVE FORCES MODEL
- THREAT FROM NEW ENTRANTS
- THREAT FROM SUBSTITUTES
- BARGAINING POWER OF SUPPLIERS
- BARGAINING POWER OF CUSTOMERS
- DEGREE OF COMPETITION
- INDUSTRY VALUE CHAIN ANALYSIS
- GLOBAL BALANCE SHAFT MARKET OUTLOOK
- GLOBAL BALANCE SHAFT MARKET BY VEHICLE TYPE (USD BILLION, THOUSAND UNITS), 2020-2030
- PASSENGER CAR
- LIGHT COMMERCIAL VEHICLE
- HEAVY COMMERCIAL VEHICLE
- GLOBAL BALANCE SHAFT MARKET BY ENGINE TYPE (USD BILLION, THOUSAND UNITS), 2020-2030
- INLINE-3 CYLINDER (L3) ENGINE
- INLINE-4 CYLINDER (L4) ENGINE
- INLINE-5 CYLINDER ENGINE
- V-6 ENGINE
- GLOBAL BALANCE SHAFT MARKET BY MANUFACTURING PROCESS (USD BILLION, THOUSAND UNITS), 2020-2030
- FORGED BALANCE SHAFT
- CAST BALANCE SHAFT
- GLOBAL BALANCE SHAFT MARKET BY REGION (USD BILLION, THOUSAND UNITS), 2020-2030
- NORTH AMERICA
- US
- CANADA
- MEXICO
- SOUTH AMERICA
- BRAZIL
- ARGENTINA
- COLOMBIA
- REST OF SOUTH AMERICA
- EUROPE
- GERMANY
- UK
- FRANCE
- ITALY
- SPAIN
- RUSSIA
- REST OF EUROPE
- ASIA PACIFIC
- INDIA
- CHINA
- JAPAN
- SOUTH KOREA
- AUSTRALIA
- SOUTH-EAST ASIA
- REST OF ASIA PACIFIC
- MIDDLE EAST AND AFRICA
- UAE
- SAUDI ARABIA
- SOUTH AFRICA
- REST OF MIDDLE EAST AND AFRICA
- NORTH AMERICA
- COMPANY PROFILES*
(BUSINESS OVERVIEW, COMPANY SNAPSHOT, VEHICLE TYPES OFFERED, RECENT DEVELOPMENTS)
- MAT FOUNDRY GROUP LTD.
- SAC ENGINE COMPONENTS PVT. LTD.
- MUSASHI SEIMITSU INDUSTRY CO. LTD.
- NINGBO JINGDA HARDWARE MANUFACTURE CO. LTD.
- OTICS CORPORATION
- AMERICAN AXLE & MANUFACTURING HOLDINGS, INC.
- LACO TECHNOLOGIES
- BRAUN MELSUNGEN AG
- MITSEC-JEBSEN AUTOMOTIVE SYSTEMS CO. LTD.
- SANSERA ENGINEERING PVT. LTD.
- SHW AG
- SKF GROUP AB
- TFO CORPORATION
- ENGINE POWER COMPONENTS INC.
- METALDYNE LLC
*THE COMPANY LIST IS INDICATIVE
LIST OF TABLES
TABLE 1Â Â Â Â Â Â Â GLOBAL BALANCE SHAFT MARKET BY VEHICLE TYPE (USD BILLION) 2020-2030
TABLE 2Â Â Â Â Â Â Â GLOBAL BALANCE SHAFT MARKET BY VEHICLE TYPE (THOUSAND UNITS) 2020-2030
TABLE 3Â Â Â Â Â Â Â GLOBAL BALANCE SHAFT MARKET BY ENGINE TYPE (USD BILLION) 2020-2030
TABLE 4Â Â Â Â Â Â Â GLOBAL BALANCE SHAFT MARKET BY ENGINE TYPE (THOUSAND UNITS) 2020-2030
TABLE 5Â Â Â Â Â Â Â GLOBAL BALANCE SHAFT MARKET BY MANUFACTURING PROCESS (USD BILLION) 2020-2030
TABLE 6Â Â Â Â Â Â Â GLOBAL BALANCE SHAFT MARKET BY MANUFACTURING PROCESS (THOUSAND UNITS) 2020-2030
TABLE 7Â Â Â Â Â Â Â GLOBAL BALANCE SHAFT MARKET BY REGION (USD BILLION) 2020-2030
TABLE 8Â Â Â Â Â Â Â GLOBAL BALANCE SHAFT MARKET BY REGION (THOUSAND UNITS) 2020-2030
TABLE 9Â Â Â Â Â Â Â NORTH AMERICA BALANCE SHAFT MARKET BY COUNTRY (USD BILLION) 2020-2030
TABLE 10Â Â Â Â Â NORTH AMERICA BALANCE SHAFT MARKET BY COUNTRY (THOUSAND UNITS) 2020-2030
TABLE 11Â Â Â Â Â NORTH AMERICA BALANCE SHAFT MARKET BY VEHICLE TYPE (USD BILLION) 2020-2030
TABLE 12Â Â Â Â Â NORTH AMERICA BALANCE SHAFT MARKET BY VEHICLE TYPE (THOUSAND UNITS) 2020-2030
TABLE 13Â Â Â Â Â NORTH AMERICA BALANCE SHAFT MARKET BY ENGINE TYPE (USD BILLION) 2020-2030
TABLE 14Â Â Â Â Â NORTH AMERICA BALANCE SHAFT MARKET BY ENGINE TYPE (THOUSAND UNITS) 2020-2030
TABLE 15Â Â Â Â Â NORTH AMERICA BALANCE SHAFT MARKET BY MANUFACTURING PROCESS (USD BILLION) 2020-2030
TABLE 16Â Â Â Â Â NORTH AMERICA BALANCE SHAFT MARKET BY MANUFACTURING PROCESS (THOUSAND UNITS) 2020-2030
TABLE 17Â Â Â Â Â US BALANCE SHAFT MARKET BY VEHICLE TYPE (USD BILLION) 2020-2030
TABLE 18Â Â Â Â Â US BALANCE SHAFT MARKET BY VEHICLE TYPE (THOUSAND UNITS) 2020-2030
TABLE 19Â Â Â Â Â US BALANCE SHAFT MARKET BY ENGINE TYPE (USD BILLION) 2020-2030
TABLE 20Â Â Â Â Â US BALANCE SHAFT MARKET BY ENGINE TYPE (THOUSAND UNITS) 2020-2030
TABLE 21Â Â Â Â Â US BALANCE SHAFT MARKET BY MANUFACTURING PROCESS (USD BILLION) 2020-2030
TABLE 22Â Â Â Â Â US BALANCE SHAFT MARKET BY MANUFACTURING PROCESS (THOUSAND UNITS) 2020-2030
TABLE 23Â Â Â Â Â CANADA BALANCE SHAFT MARKET BY VEHICLE TYPE (USD BILLION) 2020-2030
TABLE 24Â Â Â Â Â CANADA BALANCE SHAFT MARKET BY VEHICLE TYPE (THOUSAND UNITS) 2020-2030
TABLE 25Â Â Â Â Â CANADA BALANCE SHAFT MARKET BY ENGINE TYPE (USD BILLION) 2020-2030
TABLE 26Â Â Â Â Â CANADA BALANCE SHAFT MARKET BY ENGINE TYPE (THOUSAND UNITS) 2020-2030
TABLE 27Â Â Â Â Â CANADA BALANCE SHAFT MARKET BY MANUFACTURING PROCESS (USD BILLION) 2020-2030
TABLE 28Â Â Â Â Â CANADA BALANCE SHAFT MARKET BY MANUFACTURING PROCESS (THOUSAND UNITS) 2020-2030
TABLE 29Â Â Â Â Â MEXICO BALANCE SHAFT MARKET BY VEHICLE TYPE (USD BILLION) 2020-2030
TABLE 30Â Â Â Â Â MEXICO BALANCE SHAFT MARKET BY VEHICLE TYPE (THOUSAND UNITS) 2020-2030
TABLE 31Â Â Â Â Â MEXICO BALANCE SHAFT MARKET BY ENGINE TYPE (USD BILLION) 2020-2030
TABLE 32Â Â Â Â Â MEXICO BALANCE SHAFT MARKET BY ENGINE TYPE (THOUSAND UNITS) 2020-2030
TABLE 33Â Â Â Â Â MEXICO BALANCE SHAFT MARKET BY MANUFACTURING PROCESS (USD BILLION) 2020-2030
TABLE 34Â Â Â Â Â MEXICO BALANCE SHAFT MARKET BY MANUFACTURING PROCESS (THOUSAND UNITS) 2020-2030
TABLE 35Â Â Â Â Â SOUTH AMERICA BALANCE SHAFT MARKET BY COUNTRY (USD BILLION) 2020-2030
TABLE 36Â Â Â Â Â SOUTH AMERICA BALANCE SHAFT MARKET BY COUNTRY (THOUSAND UNITS) 2020-2030
TABLE 37Â Â Â Â Â SOUTH AMERICA BALANCE SHAFT MARKET BY VEHICLE TYPE (USD BILLION) 2020-2030
TABLE 38Â Â Â Â Â SOUTH AMERICA BALANCE SHAFT MARKET BY VEHICLE TYPE (THOUSAND UNITS) 2020-2030
TABLE 39Â Â Â Â Â SOUTH AMERICA BALANCE SHAFT MARKET BY ENGINE TYPE (USD BILLION) 2020-2030
TABLE 40Â Â Â Â Â SOUTH AMERICA BALANCE SHAFT MARKET BY ENGINE TYPE (THOUSAND UNITS) 2020-2030
TABLE 41Â Â Â Â Â SOUTH AMERICA BALANCE SHAFT MARKET BY MANUFACTURING PROCESS (USD BILLION) 2020-2030
TABLE 42Â Â Â Â Â SOUTH AMERICA BALANCE SHAFT MARKET BY MANUFACTURING PROCESS (THOUSAND UNITS) 2020-2030
TABLE 43Â Â Â Â Â BRAZIL BALANCE SHAFT MARKET BY VEHICLE TYPE (USD BILLION) 2020-2030
TABLE 44Â Â Â Â Â BRAZIL BALANCE SHAFT MARKET BY VEHICLE TYPE (THOUSAND UNITS) 2020-2030
TABLE 45Â Â Â Â Â BRAZIL BALANCE SHAFT MARKET BY ENGINE TYPE (USD BILLION) 2020-2030
TABLE 46Â Â Â Â Â BRAZIL BALANCE SHAFT MARKET BY ENGINE TYPE (THOUSAND UNITS) 2020-2030
TABLE 47Â Â Â Â Â BRAZIL BALANCE SHAFT MARKET BY MANUFACTURING PROCESS (USD BILLION) 2020-2030
TABLE 48Â Â Â Â Â BRAZIL BALANCE SHAFT MARKET BY MANUFACTURING PROCESS (THOUSAND UNITS) 2020-2030
TABLE 49Â Â Â Â Â ARGENTINA BALANCE SHAFT MARKET BY VEHICLE TYPE (USD BILLION) 2020-2030
TABLE 50Â Â Â Â Â ARGENTINA BALANCE SHAFT MARKET BY VEHICLE TYPE (THOUSAND UNITS) 2020-2030
TABLE 51Â Â Â Â Â ARGENTINA BALANCE SHAFT MARKET BY ENGINE TYPE (USD BILLION) 2020-2030
TABLE 52Â Â Â Â Â ARGENTINA BALANCE SHAFT MARKET BY ENGINE TYPE (THOUSAND UNITS) 2020-2030
TABLE 53Â Â Â Â Â ARGENTINA BALANCE SHAFT MARKET BY MANUFACTURING PROCESS (USD BILLION) 2020-2030
TABLE 54Â Â Â Â Â ARGENTINA BALANCE SHAFT MARKET BY MANUFACTURING PROCESS (THOUSAND UNITS) 2020-2030
TABLE 55Â Â Â Â Â COLOMBIA BALANCE SHAFT MARKET BY VEHICLE TYPE (USD BILLION) 2020-2030
TABLE 56Â Â Â Â Â COLOMBIA BALANCE SHAFT MARKET BY VEHICLE TYPE (THOUSAND UNITS) 2020-2030
TABLE 57Â Â Â Â Â COLOMBIA BALANCE SHAFT MARKET BY ENGINE TYPE (USD BILLION) 2020-2030
TABLE 58Â Â Â Â Â COLOMBIA BALANCE SHAFT MARKET BY ENGINE TYPE (THOUSAND UNITS) 2020-2030
TABLE 59Â Â Â Â Â COLOMBIA BALANCE SHAFT MARKET BY MANUFACTURING PROCESS (USD BILLION) 2020-2030
TABLE 60Â Â Â Â Â COLOMBIA BALANCE SHAFT MARKET BY MANUFACTURING PROCESS (THOUSAND UNITS) 2020-2030
TABLE 61Â Â Â Â Â REST OF SOUTH AMERICA BALANCE SHAFT MARKET BY VEHICLE TYPE (USD BILLION) 2020-2030
TABLE 62Â Â Â Â Â REST OF SOUTH AMERICA BALANCE SHAFT MARKET BY VEHICLE TYPE (THOUSAND UNITS) 2020-2030
TABLE 63Â Â Â Â Â REST OF SOUTH AMERICA BALANCE SHAFT MARKET BY ENGINE TYPE (USD BILLION) 2020-2030
TABLE 64Â Â Â Â Â REST OF SOUTH AMERICA BALANCE SHAFT MARKET BY ENGINE TYPE (THOUSAND UNITS) 2020-2030
TABLE 65Â Â Â Â Â REST OF SOUTH AMERICA BALANCE SHAFT MARKET BY MANUFACTURING PROCESS (USD BILLION) 2020-2030
TABLE 66Â Â Â Â Â REST OF SOUTH AMERICA BALANCE SHAFT MARKET BY MANUFACTURING PROCESS (THOUSAND UNITS) 2020-2030
TABLE 67Â Â Â Â Â ASIA-PACIFIC BALANCE SHAFT MARKET BY COUNTRY (USD BILLION) 2020-2030
TABLE 68Â Â Â Â Â ASIA-PACIFIC BALANCE SHAFT MARKET BY COUNTRY (THOUSAND UNITS) 2020-2030
TABLE 69Â Â Â Â Â ASIA-PACIFIC BALANCE SHAFT MARKET BY VEHICLE TYPE (USD BILLION) 2020-2030
TABLE 70Â Â Â Â Â ASIA-PACIFIC BALANCE SHAFT MARKET BY VEHICLE TYPE (THOUSAND UNITS) 2020-2030
TABLE 71Â Â Â Â Â ASIA-PACIFIC BALANCE SHAFT MARKET BY ENGINE TYPE (USD BILLION) 2020-2030
TABLE 72Â Â Â Â Â ASIA-PACIFIC BALANCE SHAFT MARKET BY ENGINE TYPE (THOUSAND UNITS) 2020-2030
TABLE 73Â Â Â Â Â ASIA-PACIFIC BALANCE SHAFT MARKET BY MANUFACTURING PROCESS (USD BILLION) 2020-2030
TABLE 74Â Â Â Â Â ASIA-PACIFIC BALANCE SHAFT MARKET BY MANUFACTURING PROCESS (THOUSAND UNITS) 2020-2030
TABLE 75Â Â Â Â Â INDIA BALANCE SHAFT MARKET BY VEHICLE TYPE (USD BILLION) 2020-2030
TABLE 76Â Â Â Â Â INDIA BALANCE SHAFT MARKET BY VEHICLE TYPE (THOUSAND UNITS) 2020-2030
TABLE 77Â Â Â Â Â INDIA BALANCE SHAFT MARKET BY ENGINE TYPE (USD BILLION) 2020-2030
TABLE 78Â Â Â Â Â INDIA BALANCE SHAFT MARKET BY ENGINE TYPE (THOUSAND UNITS) 2020-2030
TABLE 79Â Â Â Â Â INDIA BALANCE SHAFT MARKET BY MANUFACTURING PROCESS (USD BILLION) 2020-2030
TABLE 80Â Â Â Â Â INDIA BALANCE SHAFT MARKET BY MANUFACTURING PROCESS (THOUSAND UNITS) 2020-2030
TABLE 81Â Â Â Â Â CHINA BALANCE SHAFT MARKET BY VEHICLE TYPE (USD BILLION) 2020-2030
TABLE 82Â Â Â Â Â CHINA BALANCE SHAFT MARKET BY VEHICLE TYPE (THOUSAND UNITS) 2020-2030
TABLE 83Â Â Â Â Â CHINA BALANCE SHAFT MARKET BY ENGINE TYPE (USD BILLION) 2020-2030
TABLE 84Â Â Â Â Â CHINA BALANCE SHAFT MARKET BY ENGINE TYPE (THOUSAND UNITS) 2020-2030
TABLE 85Â Â Â Â Â CHINA BALANCE SHAFT MARKET BY MANUFACTURING PROCESS (USD BILLION) 2020-2030
TABLE 86Â Â Â Â Â CHINA BALANCE SHAFT MARKET BY MANUFACTURING PROCESS (THOUSAND UNITS) 2020-2030
TABLE 87Â Â Â Â Â JAPAN BALANCE SHAFT MARKET BY VEHICLE TYPE (USD BILLION) 2020-2030
TABLE 88Â Â Â Â Â JAPAN BALANCE SHAFT MARKET BY VEHICLE TYPE (THOUSAND UNITS) 2020-2030
TABLE 89Â Â Â Â Â JAPAN BALANCE SHAFT MARKET BY ENGINE TYPE (USD BILLION) 2020-2030
TABLE 90Â Â Â Â Â JAPAN BALANCE SHAFT MARKET BY ENGINE TYPE (THOUSAND UNITS) 2020-2030
TABLE 91Â Â Â Â Â JAPAN BALANCE SHAFT MARKET BY MANUFACTURING PROCESS (USD BILLION) 2020-2030
TABLE 92Â Â Â Â Â JAPAN BALANCE SHAFT MARKET BY MANUFACTURING PROCESS (THOUSAND UNITS) 2020-2030
TABLE 93Â Â Â Â Â SOUTH KOREA BALANCE SHAFT MARKET BY VEHICLE TYPE (USD BILLION) 2020-2030
TABLE 94Â Â Â Â Â SOUTH KOREA BALANCE SHAFT MARKET BY VEHICLE TYPE (THOUSAND UNITS) 2020-2030
TABLE 95Â Â Â Â Â SOUTH KOREA BALANCE SHAFT MARKET BY ENGINE TYPE (USD BILLION) 2020-2030
TABLE 96Â Â Â Â Â SOUTH KOREA BALANCE SHAFT MARKET BY ENGINE TYPE (THOUSAND UNITS) 2020-2030
TABLE 97Â Â Â Â Â SOUTH KOREA BALANCE SHAFT MARKET BY MANUFACTURING PROCESS (USD BILLION) 2020-2030
TABLE 98Â Â Â Â Â SOUTH KOREA BALANCE SHAFT MARKET BY MANUFACTURING PROCESS (THOUSAND UNITS) 2020-2030
TABLE 99Â Â Â Â Â AUSTRALIA BALANCE SHAFT MARKET BY VEHICLE TYPE (USD BILLION) 2020-2030
TABLE 100Â Â AUSTRALIA BALANCE SHAFT MARKET BY VEHICLE TYPE (THOUSAND UNITS) 2020-2030
TABLE 101Â Â AUSTRALIA BALANCE SHAFT MARKET BY ENGINE TYPE (USD BILLION) 2020-2030
TABLE 102Â Â AUSTRALIA BALANCE SHAFT MARKET BY ENGINE TYPE (THOUSAND UNITS) 2020-2030
TABLE 103Â Â AUSTRALIA BALANCE SHAFT MARKET BY MANUFACTURING PROCESS (USD BILLION) 2020-2030
TABLE 104Â Â AUSTRALIA BALANCE SHAFT MARKET BY MANUFACTURING PROCESS (THOUSAND UNITS) 2020-2030
TABLE 105Â Â SOUTH-EAST ASIA BALANCE SHAFT MARKET BY VEHICLE TYPE (USD BILLION) 2020-2030
TABLE 106Â Â SOUTH-EAST ASIA BALANCE SHAFT MARKET BY VEHICLE TYPE (THOUSAND UNITS) 2020-2030
TABLE 107Â Â SOUTH-EAST ASIA BALANCE SHAFT MARKET BY ENGINE TYPE (USD BILLION) 2020-2030
TABLE 108Â Â SOUTH-EAST ASIA BALANCE SHAFT MARKET BY ENGINE TYPE (THOUSAND UNITS) 2020-2030
TABLE 109Â Â SOUTH-EAST ASIA BALANCE SHAFT MARKET BY MANUFACTURING PROCESS (USD BILLION) 2020-2030
TABLE 110Â Â SOUTH-EAST ASIA BALANCE SHAFT MARKET BY MANUFACTURING PROCESS (THOUSAND UNITS) 2020-2030
TABLE 111Â Â REST OF ASIA PACIFIC BALANCE SHAFT MARKET BY VEHICLE TYPE (USD BILLION) 2020-2030
TABLE 112Â Â REST OF ASIA PACIFIC BALANCE SHAFT MARKET BY VEHICLE TYPE (THOUSAND UNITS) 2020-2030
TABLE 113Â Â REST OF ASIA PACIFIC BALANCE SHAFT MARKET BY ENGINE TYPE (USD BILLION) 2020-2030
TABLE 114Â Â REST OF ASIA PACIFIC BALANCE SHAFT MARKET BY ENGINE TYPE (THOUSAND UNITS) 2020-2030
TABLE 115Â Â REST OF ASIA PACIFIC BALANCE SHAFT MARKET BY MANUFACTURING PROCESS (USD BILLION) 2020-2030
TABLE 116Â Â REST OF ASIA PACIFIC BALANCE SHAFT MARKET BY MANUFACTURING PROCESS (THOUSAND UNITS) 2020-2030
TABLE 117Â Â EUROPE BALANCE SHAFT MARKET BY COUNTRY (USD BILLION) 2020-2030
TABLE 118Â Â EUROPE BALANCE SHAFT MARKET BY COUNTRY (THOUSAND UNITS) 2020-2030
TABLE 119Â Â EUROPE BALANCE SHAFT MARKET BY VEHICLE TYPE (USD BILLION) 2020-2030
TABLE 120Â Â EUROPE BALANCE SHAFT MARKET BY VEHICLE TYPE (THOUSAND UNITS) 2020-2030
TABLE 121Â Â EUROPE BALANCE SHAFT MARKET BY ENGINE TYPE (USD BILLION) 2020-2030
TABLE 122Â Â EUROPE BALANCE SHAFT MARKET BY ENGINE TYPE (THOUSAND UNITS) 2020-2030
TABLE 123Â Â EUROPE BALANCE SHAFT MARKET BY MANUFACTURING PROCESS (USD BILLION) 2020-2030
TABLE 124Â Â EUROPE BALANCE SHAFT MARKET BY MANUFACTURING PROCESS (THOUSAND UNITS) 2020-2030
TABLE 125Â Â GERMANY BALANCE SHAFT MARKET BY VEHICLE TYPE (USD BILLION) 2020-2030
TABLE 126Â Â GERMANY BALANCE SHAFT MARKET BY VEHICLE TYPE (THOUSAND UNITS) 2020-2030
TABLE 127Â Â GERMANY BALANCE SHAFT MARKET BY ENGINE TYPE (USD BILLION) 2020-2030
TABLE 128Â Â GERMANY BALANCE SHAFT MARKET BY ENGINE TYPE (THOUSAND UNITS) 2020-2030
TABLE 129Â Â GERMANY BALANCE SHAFT MARKET BY MANUFACTURING PROCESS (USD BILLION) 2020-2030
TABLE 130Â Â GERMANY BALANCE SHAFT MARKET BY MANUFACTURING PROCESS (THOUSAND UNITS) 2020-2030
TABLE 131Â Â UK BALANCE SHAFT MARKET BY VEHICLE TYPE (USD BILLION) 2020-2030
TABLE 132Â Â UK BALANCE SHAFT MARKET BY VEHICLE TYPE (THOUSAND UNITS) 2020-2030
TABLE 133Â Â UK BALANCE SHAFT MARKET BY ENGINE TYPE (USD BILLION) 2020-2030
TABLE 134Â Â UK BALANCE SHAFT MARKET BY ENGINE TYPE (THOUSAND UNITS) 2020-2030
TABLE 135Â Â UK BALANCE SHAFT MARKET BY MANUFACTURING PROCESS (USD BILLION) 2020-2030
TABLE 136Â Â UK BALANCE SHAFT MARKET BY MANUFACTURING PROCESS (THOUSAND UNITS) 2020-2030
TABLE 137Â Â FRANCE BALANCE SHAFT MARKET BY VEHICLE TYPE (USD BILLION) 2020-2030
TABLE 138Â Â FRANCE BALANCE SHAFT MARKET BY VEHICLE TYPE (THOUSAND UNITS) 2020-2030
TABLE 139Â Â FRANCE BALANCE SHAFT MARKET BY ENGINE TYPE (USD BILLION) 2020-2030
TABLE 140Â Â FRANCE BALANCE SHAFT MARKET BY ENGINE TYPE (THOUSAND UNITS) 2020-2030
TABLE 141Â Â FRANCE BALANCE SHAFT MARKET BY MANUFACTURING PROCESS (USD BILLION) 2020-2030
TABLE 142Â Â FRANCE BALANCE SHAFT MARKET BY MANUFACTURING PROCESS (THOUSAND UNITS) 2020-2030
TABLE 143Â Â ITALY BALANCE SHAFT MARKET BY VEHICLE TYPE (USD BILLION) 2020-2030
TABLE 144Â Â ITALY BALANCE SHAFT MARKET BY VEHICLE TYPE (THOUSAND UNITS) 2020-2030
TABLE 145Â Â ITALY BALANCE SHAFT MARKET BY ENGINE TYPE (USD BILLION) 2020-2030
TABLE 146Â Â ITALY BALANCE SHAFT MARKET BY ENGINE TYPE (THOUSAND UNITS) 2020-2030
TABLE 147Â Â ITALY BALANCE SHAFT MARKET BY MANUFACTURING PROCESS (USD BILLION) 2020-2030
TABLE 148Â Â ITALY BALANCE SHAFT MARKET BY MANUFACTURING PROCESS (THOUSAND UNITS) 2020-2030
TABLE 149Â Â SPAIN BALANCE SHAFT MARKET BY VEHICLE TYPE (USD BILLION) 2020-2030
TABLE 150Â Â SPAIN BALANCE SHAFT MARKET BY VEHICLE TYPE (THOUSAND UNITS) 2020-2030
TABLE 151Â Â SPAIN BALANCE SHAFT MARKET BY ENGINE TYPE (USD BILLION) 2020-2030
TABLE 152Â Â SPAIN BALANCE SHAFT MARKET BY ENGINE TYPE (THOUSAND UNITS) 2020-2030
TABLE 153Â Â SPAIN BALANCE SHAFT MARKET BY MANUFACTURING PROCESS (USD BILLION) 2020-2030
TABLE 154Â Â SPAIN BALANCE SHAFT MARKET BY MANUFACTURING PROCESS (THOUSAND UNITS) 2020-2030
TABLE 155Â Â RUSSIA BALANCE SHAFT MARKET BY VEHICLE TYPE (USD BILLION) 2020-2030
TABLE 156Â Â RUSSIA BALANCE SHAFT MARKET BY VEHICLE TYPE (THOUSAND UNITS) 2020-2030
TABLE 157Â Â RUSSIA BALANCE SHAFT MARKET BY ENGINE TYPE (USD BILLION) 2020-2030
TABLE 158Â Â RUSSIA BALANCE SHAFT MARKET BY ENGINE TYPE (THOUSAND UNITS) 2020-2030
TABLE 159Â Â RUSSIA BALANCE SHAFT MARKET BY MANUFACTURING PROCESS (USD BILLION) 2020-2030
TABLE 160Â Â RUSSIA BALANCE SHAFT MARKET BY MANUFACTURING PROCESS (THOUSAND UNITS) 2020-2030
TABLE 161Â Â REST OF EUROPE BALANCE SHAFT MARKET BY VEHICLE TYPE (USD BILLION) 2020-2030
TABLE 162Â Â REST OF EUROPE BALANCE SHAFT MARKET BY VEHICLE TYPE (THOUSAND UNITS) 2020-2030
TABLE 163Â Â REST OF EUROPE BALANCE SHAFT MARKET BY ENGINE TYPE (USD BILLION) 2020-2030
TABLE 164Â Â REST OF EUROPE BALANCE SHAFT MARKET BY ENGINE TYPE (THOUSAND UNITS) 2020-2030
TABLE 165Â Â REST OF EUROPE BALANCE SHAFT MARKET BY MANUFACTURING PROCESS (USD BILLION) 2020-2030
TABLE 166Â Â REST OF EUROPE BALANCE SHAFT MARKET BY MANUFACTURING PROCESS (THOUSAND UNITS) 2020-2030
TABLE 167Â Â MIDDLE EAST AND AFRICA BALANCE SHAFT MARKET BY COUNTRY (USD BILLION) 2020-2030
TABLE 168Â Â MIDDLE EAST AND AFRICA BALANCE SHAFT MARKET BY COUNTRY (THOUSAND UNITS) 2020-2030
TABLE 169Â Â MIDDLE EAST AND AFRICA BALANCE SHAFT MARKET BY VEHICLE TYPE (USD BILLION) 2020-2030
TABLE 170Â Â MIDDLE EAST AND AFRICA BALANCE SHAFT MARKET BY VEHICLE TYPE (THOUSAND UNITS) 2020-2030
TABLE 171Â Â MIDDLE EAST AND AFRICA BALANCE SHAFT MARKET BY ENGINE TYPE (USD BILLION) 2020-2030
TABLE 172Â Â MIDDLE EAST AND AFRICA BALANCE SHAFT MARKET BY ENGINE TYPE (THOUSAND UNITS) 2020-2030
TABLE 173Â Â MIDDLE EAST AND AFRICA BALANCE SHAFT MARKET BY MANUFACTURING PROCESS (USD BILLION) 2020-2030
TABLE 174Â Â MIDDLE EAST AND AFRICA BALANCE SHAFT MARKET BY MANUFACTURING PROCESS (THOUSAND UNITS) 2020-2030
TABLE 175Â Â UAE BALANCE SHAFT MARKET BY VEHICLE TYPE (USD BILLION) 2020-2030
TABLE 176Â Â UAE BALANCE SHAFT MARKET BY VEHICLE TYPE (THOUSAND UNITS) 2020-2030
TABLE 177Â Â UAE BALANCE SHAFT MARKET BY ENGINE TYPE (USD BILLION) 2020-2030
TABLE 178Â Â UAE BALANCE SHAFT MARKET BY ENGINE TYPE (THOUSAND UNITS) 2020-2030
TABLE 179Â Â UAE BALANCE SHAFT MARKET BY MANUFACTURING PROCESS (USD BILLION) 2020-2030
TABLE 180Â Â UAE BALANCE SHAFT MARKET BY MANUFACTURING PROCESS (THOUSAND UNITS) 2020-2030
TABLE 181Â Â SAUDI ARABIA BALANCE SHAFT MARKET BY VEHICLE TYPE (USD BILLION) 2020-2030
TABLE 182Â Â SAUDI ARABIA BALANCE SHAFT MARKET BY VEHICLE TYPE (THOUSAND UNITS) 2020-2030
TABLE 183Â Â SAUDI ARABIA BALANCE SHAFT MARKET BY ENGINE TYPE (USD BILLION) 2020-2030
TABLE 184Â Â SAUDI ARABIA BALANCE SHAFT MARKET BY ENGINE TYPE (THOUSAND UNITS) 2020-2030
TABLE 185Â Â SAUDI ARABIA BALANCE SHAFT MARKET BY MANUFACTURING PROCESS (USD BILLION) 2020-2030
TABLE 186Â Â SAUDI ARABIA BALANCE SHAFT MARKET BY MANUFACTURING PROCESS (THOUSAND UNITS) 2020-2030
TABLE 187Â Â SOUTH AFRICA BALANCE SHAFT MARKET BY VEHICLE TYPE (USD BILLION) 2020-2030
TABLE 188Â Â SOUTH AFRICA BALANCE SHAFT MARKET BY VEHICLE TYPE (THOUSAND UNITS) 2020-2030
TABLE 189Â Â SOUTH AFRICA BALANCE SHAFT MARKET BY ENGINE TYPE (USD BILLION) 2020-2030
TABLE 190Â Â SOUTH AFRICA BALANCE SHAFT MARKET BY ENGINE TYPE (THOUSAND UNITS) 2020-2030
TABLE 191Â Â SOUTH AFRICA BALANCE SHAFT MARKET BY MANUFACTURING PROCESS (USD BILLION) 2020-2030
TABLE 192Â Â SOUTH AFRICA BALANCE SHAFT MARKET BY MANUFACTURING PROCESS (THOUSAND UNITS) 2020-2030
TABLE 193Â Â REST OF MIDDLE EAST AND AFRICA BALANCE SHAFT MARKET BY VEHICLE TYPE (USD BILLION) 2020-2030
TABLE 194Â Â REST OF MIDDLE EAST AND AFRICA BALANCE SHAFT MARKET BY VEHICLE TYPE (THOUSAND UNITS) 2020-2030
TABLE 195Â Â REST OF MIDDLE EAST AND AFRICA BALANCE SHAFT MARKET BY ENGINE TYPE (USD BILLION) 2020-2030
TABLE 196Â Â REST OF MIDDLE EAST AND AFRICA BALANCE SHAFT MARKET BY ENGINE TYPE (THOUSAND UNITS) 2020-2030
TABLE 197Â Â REST OF MIDDLE EAST AND AFRICA BALANCE SHAFT MARKET BY MANUFACTURING PROCESS (USD BILLION) 2020-2030
TABLE 198Â Â REST OF MIDDLE EAST AND AFRICA BALANCE SHAFT MARKET BY MANUFACTURING PROCESS (THOUSAND UNITS) 2020-2030
LIST OF FIGURES
FIGURE 1 MARKET DYNAMICS
FIGURE 2 REPORT TIMELINES: YEARS CONSIDERED
FIGURE 3 BOTTOM-UP APPROACH
FIGURE 4 RESEARCH FLOW
FIGURE 5 GLOBAL BALANCE SHAFT MARKET BY VEHICLE TYPE, USD BILLION, 2020-2030
FIGURE 6 GLOBAL BALANCE SHAFT MARKET BY ENGINE TYPE, USD BILLION, 2020-2030
FIGURE 7 GLOBAL BALANCE SHAFT MARKET BY MANUFACTURING PROCESS, USD BILLION, 2020-2030
FIGURE 8 GLOBAL BALANCE SHAFT MARKET BY REGION, USD BILLION, 2020-2030
FIGURE 9 PORTER’S FIVE FORCES MODEL
FIGURE 10 GLOBAL BALANCE SHAFT MARKET BY VEHICLE TYPE, USD BILLION, 2022
FIGURE 11 GLOBAL BALANCE SHAFT MARKET BY ENGINE TYPE, USD BILLION, 2022
FIGURE 12 GLOBAL BALANCE SHAFT MARKET BY MANUFACTURING PROCESS, USD BILLION, 2022
FIGURE 13 GLOBAL BALANCE SHAFT MARKET BY REGION, USD BILLION, 2022
FIGURE 14 MARKET SHARE ANALYSIS
FIGURE 15 METALDYNE LLC: COMPANY SNAPSHOT
FIGURE 16 MAT FOUNDRY GROUP LTD.: COMPANY SNAPSHOT
FIGURE 17 SAC ENGINE COMPONENTS PVT. LTD.: COMPANY SNAPSHOT
FIGURE 18 MUSASHI SEIMITSU INDUSTRY CO. LTD.: COMPANY SNAPSHOT
FIGURE 19 NINGBO JINGDA HARDWARE MANUFACTURE CO. LTD.: COMPANY SNAPSHOT
FIGURE 20 OTICS CORPORATION: COMPANY SNAPSHOT
FIGURE 21 AMERICAN AXLE & MANUFACTURING HOLDINGS, INC.: COMPANY SNAPSHOT
FIGURE 22 LACO TECHNOLOGIES: COMPANY SNAPSHOT
FIGURE 23 MITSEC-JEBSEN AUTOMOTIVE SYSTEMS CO. LTD.: COMPANY SNAPSHOT
FIGURE 24 SANSERA ENGINEERING PVT. LTD.: COMPANY SNAPSHOT
FIGURE 25 SHW AG: COMPANY SNAPSHOT
FIGURE 26 SKF GROUP AB: COMPANY SNAPSHOT
FIGURE 27 TFO CORPORATION: COMPANY SNAPSHOT
FIGURE 28 ENGINE POWER COMPONENTS INC.: COMPANY SNAPSHOT
FAQ
The balance shaft market is expected to grow at 7% CAGR from 2023 to 2030. It is expected to reach above USD 20.22 Billion by 2030 from USD 12.60 Billion in 2023.
The major drivers of the market are rising demand for light commercial vehicles and passenger cars, growing automotive industry, and rising disposable incomes.
The region’s largest share is in Asia Pacific. Vehicle types manufactured in nations like India and China that perform similarly and are inexpensively accessible to the general public have led to the increasing appeal.
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