Balance Shaft Market Size, Share, Report, Analysis, Trends & Forecast to 2026
Jul 9, 2019
According to Stratistics MRC, the Global Balance Shaft Market is accounted for $9,978.4 million in 2017 and is expected to reach $20,215.6 million by 2026 growing at a CAGR of 8.2% during the forecast period.
Gaithersburg, Maryland, United States - July 9, 2019 /MarketersMedia/ —
Some of the key factors influencing the market growth include rising demand for vehicles equipped with inline-4 cylinder engines, need for reduction in engine NvH levels and reduced co2 emissions. However, shifting focus towards electric vehicles is restraining the market growth.
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A balance shaft is designed to vibrate and rotate in such a way that it can reduce the vibration produced by an engine. Balance shafts are most commonly utilized in inline four-cylinder engines, which due to their design asymmetry, have an inherent second order vibration (vibrating at twice the engine RPM) that cannot be eliminated no matter how well the internal components are balanced.
Based on the manufacturing process type, Forged Balance Shaft has significant growth during the forecast period. Balance shafts can be forged from a steel bar, usually through roll forging. Forged balance shafts are widely adopted, due to their lightness, compact dimensions, and effective inherent damping.
By Geography, The Asia Pacific region has emerged as a significant market for the global automotive industry. The primary reason behind this trend is the Chinese market, which has evolved into the largest producer and consumer of automobiles across the globe. Rising demand for the Inline-4 Cylinder Engine especially in the Asia-Pacific region has played a vital role in driving the balance shaft market.
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Some of the key players in global balance shaft market are SKF Group, Musashi Seimitsu Industry Co., Ltd., Metaldyne LLC, Tfo Corporation, Ningbo Jingda Hardware Manufacture Co., Ltd., Sansera Engineering, SHW AG, Mitec-Jebsen Automotive Systems (Dalian) Co. Ltd., Engine Power Components, Inc. and Otics Corporation.
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Manufacturing Process Types Covered:
• Cast Balance Shaft
• Forged Balance Shaft
Vehicle Types Covered:
• Heavy Commercial Vehicle
• Passenger Car
• Light Commercial Vehicle
Engine Types Covered:
• V-6 Engine
• Inline- 5 Cylinder Engine
• Inline- 4 Cylinder (L4) Engine
• Inline-3 Cylinder (L3) Engine
End Users Covered:
• Defense
• Commercial
• Industrial
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub-segments, and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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About Stratistics MRC
We offer a wide spectrum of research and consulting services with in-depth knowledge of different industries. We are known for customized research services, consulting services, and Full-Time Equivalent (FTE) services in the research world. We explore market trends and draw our insights with valid assessments and analytical views. We use advanced techniques and tools among the quantitative and qualitative methodologies to identify the market trends.
Our research reports and publications are routed to help our clients to design their business models and enhance their business growth in the competitive market scenario. We have a strong team with hand-picked consultants including project managers, implementers, industry experts, researchers, research evaluators and analysts with years of experience in delivering the complex projects.
Contact Info:
Name: James Lamb
Email: Send Email
Organization: Stratistics Market Research Consulting Pvt Ltd
Phone: +1-301-202-5929
Website: https://www.strategymrc.com
Source URL: https://marketersmedia.com/balance-shaft-market-size-share-report-analysis-trends-forecast-to-2026/88893909
Source: MarketersMedia
Release ID: 88893909
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