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Pulished Date August, 2019
ID: 8681
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Balance Shaft Market by Vehicle Type (Passenger Cars, Light Commercial Vehicle, Heavy Commercial Vehicle), by Engine Type (Inline-3 Cylinder, Inline-4 Cylinder, Inline-5 Cylinder, and V-6 Cylinder), Manufacturing Process (Forged and Cast Balance Shaft), & by Region - Industry Trends & Forecast to 2023

Pulished: August, 2019
ID: 8681
Pages: 175

Market Overview:

The global market for automotive balance axles was estimated at $10,027 million in 2018 and is expected to reach $14,848 million for 2023, with a CAGR of 5.5% from 2018 to 2023. Even if the engine is well balanced. An automotive balancer shaft is integrated to compensate for vibrations generated by the engine. A balance shaft is made either by casting or forging. In forging, the shaft is formed by rolling with a steel bar. It should be noted that forged balancer shafts are lighter and more compact and can provide more effective damping than cast balancer shafts.

Market value and expected growth:

It is estimated that the Asia-Pacific region dominates the market, with a market share of around 57% in 2018. China is the main buyer of the equilibrium market in the Asia-Pacific region. The global demand for balance axes in the automotive sector is due to the growing demand for in-line 4-cylinder engines and the increase in trends in fuel efficiency, reduction of CO2 emissions, and reduction of weight. It is estimated that Europe ranks second in the market, with a market share of 19% in 2018. The main operators in this market are Germany, Great Britain, France, and Spain, all of which have a high production of vehicles. The global market for automotive balancing shafts was estimated at $10,027 million in 2018 and is expected to reach $14,848 million by 2023, with a CAGR of 5.58 to 2023.

Market drivers and restrictions:

The demand for "Inline-4 Cylinder Engine" is growing all over the world, especially in the Asia-Pacific region. The demand for environmentally-friendly vehicles is increasing due to strict government regulations on emissions. OEMs in the automotive industry are integrating the balancer shaft into vehicles to provide reduced/insignificant noise, vibration, and hardness to vehicle engines. All of the above factors are driving the growth of the global equilibrium axis market. OEMs are increasingly using aluminum shafts to gain weight and strength.

The growing importance of electric vehicles and the increasing sales of sport utility vehicles and luxury vehicles with high-performance engines are hampering the growth of the global balance shaft market.

Market Taxonomy:

By Vehicle Type:

  • Passenger Car
  • Light Commercial Vehicle
  • Heavy Commercial Vehicle

By Engine Type:

  • Inline-3 Cylinder (L3) Engine
  • Inline- 4 Cylinder (L4) Engine
  • Inline- 5 Cylinder Engine
  • V-6 Engine

By Manufacturing Process:

  • Forging
  • Casting

The global automotive balance shaft market is expected to register a single-digit CAGR for the forecast period. Depending on geographic regions, the global energy recovery market for motor vehicles is divided into five key regions: North America, South America, Europe, Asia-Pacific, Middle East, and Africa. For the Asian and Pacific automotive balancing market, a significant CAGR is expected over the forecast period. Growing automobile production, government strict emission standards, and changing consumer preferences are some of the factors driving the growth of the automotive balance wave market in the Asia-Pacific region. It is predicted that India and China will see significant growth in the Asian Pacific corrugated shafts market as auto production in these countries increases.

Key players in the market:

The automotive balance shaft market is dominated by a few global players and several regional players. Key players include SKF Group (U.S), SHW Ag (Germany), Musashi Seimitsu Industry Co. Ltd (Japan), OTICS Co. (Japan), and Metaldyne (U.S.) among others.

Highlights of the research report:

  • This report includes a detailed quantitative analysis of the current market and estimates up to 2018-2023, which help to identify prevailing market opportunities.
  • The report offers a detailed analysis of the key driving and market restriction factors of MRI systems.
  • An extensive analysis of current research and clinical developments within the market is provided with key dynamic market factors that help to understand market behavior.
  • The exhaustive analysis of the market is carried out following the key positioning of the product and the monitoring of the main competitors within the framework of the market.
  • Competitive intelligence helps to understand the competitive scenario in geographies.
  • The main market players within the market are detailed in this report, and their strategies are analyzed in-depth, which helps to understand the competitive perspective of the market.

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Scope of the report                

                1.3 Study Assumptions                 

                1.4 Base Currency, Base Year and Forecast Periods                          

2. Research Methodology                                           

                2.1 Analysis Design                         

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Data Modelling      

                                2.2.4 Expert Validation  

                2.3 Study Timeline                          

3. Report Overview                                        

                3.1 Executive Summary                

                3.2 Key Inferencees                       

4. Market Dynamics                                       

                4.1 Impact Analysis                         

                                4.1.1 Drivers      

                                4.1.2 Restaints  

                                4.1.3 Opportunities        

                4.2 Regulatory Environment                       

                4.3 Technology Timeline & Recent Trends                            

5. Competitor Benchmarking Analysis                                    

                5.1 Key Player Benchmarking                     

                                5.1.1 Market share analysis        

                                5.1.2 Products/Service  

                                5.1.3 Regional Presence               

                5.2 Mergers & Acquistion Landscape                      

                5.3 Joint Ventures & Collaborations                        

6. Market Segmentation                                              

                6.1 Balanced Shaft Market, By Vehicle Type                        

                                6.1.1 Passenger Cars      

                                6.1.2 Light Commercial Vehicle  

                                6.1.3 Heavy Commercial Vehicle               

                                6.1.4 Market Size Estimations & Forecasts (2019-2024)   

                                6.1.5 Y-o-Y Growth Rate Analysis             

                                6.1.6 Market Attractiveness Index          

                6.2 Balanced Shaft Market, By Engine Type                         

                                6.2.1 Inline-3 Cylinder (L3) Engine            

                                6.2.2 Inline-4 Cylinder (L4) Engine            

                                6.2.3 Inline-5 Cylinder (L5) Engine            

                                6.2.4 V-6 Engine               

                                6.2.5 Market Size Estimations & Forecasts (2019-2024)   

                                6.2.6 Y-o-Y Growth Rate Analysis             

                                6.2.7 Market Attractiveness Index          

                6.3 Balanced Shaft Market, By Manufacturing Process                   

                                6.3.1 Forging     

                                6.3.2 Casting      

                                6.3.3 Market Size Estimations & Forecasts (2019-2024)   

                                6.3.4 Y-o-Y Growth Rate Analysis             

                                6.3.5 Market Attractiveness Index          

7. Geographical Landscape                                         

                7.1 Global Identity Governance and Administration Market, by Region                  

                7.2 North America - Market Analysis (2018 - 2024)                            

                                7.2.1 By Country              

                                                7.2.1.1 USA

                                                7.2.1.2 Canada

                                7.2.2 By Vehicle Type    

                                7.2.3 By Engine Type      

                                7.2.4 By Manufacturing Process

                7.3 Europe                         

                                7.3.1 By Country              

                                                7.3.1.1 UK

                                                7.3.1.2 France

                                                7.3.1.3 Germany

                                                7.3.1.4 Spain

                                                7.3.1.5 Italy

                                                7.3.1.6 Rest of Europe

                                7.3.2 By Vehicle Type    

                                7.3.3 By Engine Type      

                                7.3.4 By Manufacturing Process

                7.4 Asia Pacific                  

                                7.4.1 By Country              

                                                7.4.1.1 China

                                                7.4.1.2 India

                                                7.4.1.3 Japan

                                                7.4.1.4 South Korea

                                                7.4.1.5 South East Asia

                                                7.4.1.6 Australia & NZ

                                                7.4.1.7 Rest of Asia-Pacific

                                7.4.2 By Vehicle Type    

                                7.4.3 By Engine Type      

                                7.4.4 By Manufacturing Process

                7.5 Latin America                             

                                7.5.1 By Country              

                                                7.5.1.1 Brazil

                                                7.5.1.2 Argentina

                                                7.5.1.3 Mexico

                                                7.5.1.4 Rest of Latin America

                                7.5.2 By Vehicle Type    

                                7.5.3 By Engine Type      

                                7.5.4 By Manufacturing Process

                7.6 Middle East and Africa                           

                                7.6.1 By Country              

                                                7.6.1.1 Middle East

                                                7.6.1.2 Africa

                                7.6.2 By Vehicle Type    

                                7.6.3 By Engine Type      

                                7.6.4 By Manufacturing Process

8. Key Player Analysis                                    

                8.1 SKF Group                   

                                8.1.1 Business Description           

                                8.1.2 Products/Service  

                                8.1.3 Financials 

                                8.1.4 SWOT Analysis       

                                8.1.5 Recent Developments       

                                8.1.6 Analyst Overview 

                8.2 SHW AG                       

                8.3 Musashi Seimitsu Industry Co. Ltd.                  

                8.4 OTICS Co.                    

                8.5 Metaldyne                  

9. Market Outlook & Investment Opportunities                                

Appendix                                           

                List of Tables                     

                List of Figures                   

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of by Shielding Type, by Heat Application, Application, along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Balanced Shaft Market By Region, From 2018-2023 ( USD Million )
  2. Global Balanced Shaft Market By Vehicle Type, From 2018-2023 ( USD Million )
  3. Global Passenger Car Vehicle Market By Region, From 2018-2023 ( USD Million )
  4. Global Light Commercial Vehicle Market By Region, From 2018-2023 ( USD Million )
  5. Global Heavy Commercial Vehicle Market By Region, From 2018-2023 ( USD Million )
  6. Global Balanced Shaft Market By Engine Type, From 2018-2023 ( USD Million )
  7. Global Inline-3 Cylinder (L3) Engine Market By Region, From 2018-2023 ( USD Million )
  8. Global Inline-4 Cylinder (L4) Engine Market By Region, From 2018-2023 ( USD Million )
  9. Global Inline-5 Cylinder (L5) Engine Market By Region, From 2018-2023 ( USD Million )
  10. Global Balanced Shaft Market By Manufacturing Process, From 2018-2023 ( USD Million )
  11. Global Forging Market By Region, From 2018-2023 ( USD Million )
  12. Global Casting Market By Region, From 2018-2023 ( USD Million )

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