Global Automotive Balance Shaft Market 2024-2028
The automotive balance shaft market is forecasted to grow by USD 2869 mn during 2023-2028, accelerating at a CAGR of 7.15% during the forecast period. The report on the automotive balance shaft market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by technological advancements in automotive engine design, growing emphasis on sustainable manufacturing practices, and increasing demand for fuel-efficient vehicles.
Technavio's automotive balance shaft market is segmented as below:
By Application
- In-line 4-cylinder engine
- In-line 3-cylinder engine
- Others
By Geographical Landscape
- APAC
- Europe
- North America
- South America
- Middle East and Africa
This study identifies the development of modular automotive engines as one of the prime reasons driving the automotive balance shaft market growth during the next few years. Also, integration of sensors and electronic controls into automotive balance shafts and development of camless engine technology will lead to sizable demand in the market.
The report on the automotive balance shaft market covers the following areas:
- Automotive balance shaft market sizing
- Automotive balance shaft market forecast
- Automotive balance shaft market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading automotive balance shaft market vendors that include American Axle and Manufacturing Holdings Inc., Engine Power Components Inc., Hirschvogel Holding GmbH, J L AUTOPARTS PVT LTD, Liaoning Borui Machinery Co. Ltd. , Linamar Corp., Marposs Spa, MAT Foundry Group Ltd., Musashi Seimitsu Industry Co. Ltd., Ningbo Jingda Hardware Manufacture Co. Ltd., OTICS Co. Ltd., Precision Camshaft Ltd., SAC Engine Components Pvt. Ltd., Sansera Engineering Ltd., Schaeffler AG, SHARPOWER, AB SKF, and TFO Corp.. Also, the automotive balance shaft market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. IT presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.