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. 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 market growth.
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 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.
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.
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 UK
o Italy
o France
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
- 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 analysis: Drivers and Constraints, Product/Technology Analysis, Porter's five forces analysis, SWOT analysis etc.
- 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
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the clients interest (Note: Depends of feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 End User Analysis
3.7 Emerging Markets
3.8 Futuristic Market Scenario
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Balance Shaft Market, By Manufacturing Process Type
5.1 Introduction
5.2 Cast Balance Shaft
5.3 Forged Balance Shaft
6 Global Balance Shaft Market, By Vehicle Type
6.1 Introduction
6.2 Heavy Commercial Vehicle
6.3 Passenger Car
6.4 Light Commercial Vehicle
7 Global Balance Shaft Market, By Engine Type
7.1 Introduction
7.2 V-6 Engine
7.3 Inline- 5 Cylinder Engine
7.4 Inline- 4 Cylinder (L4) Engine
7.5 Inline-3 Cylinder (L3) Engine
8 Global Balance Shaft Market, By End User
8.1 Introduction
8.2 Defense
8.3 Commercial
8.4 Industrial
8.5 Other End Users
8.5.1 Entertainment
8.5.2 Transportation
8.5.3 Retail
8.5.4 Government
9 Global Balance Shaft Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa
10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies
11 Company Profiling
11.1 SKF Group
11.2 Musashi Seimitsu Industry Co., Ltd.
11.3 Metaldyne LLC
11.4 Tfo Corporation
11.5 Ningbo Jingda Hardware Manufacture Co., Ltd.
11.6 Sansera Engineering
11.7 SHW AG
11.8 Mitec-Jebsen Automotive Systems (Dalian) Co. Ltd.
11.9 Engine Power Components, Inc.
11.10 Otics Corporation
List of Tables
Table 1 Global Balance Shaft Market Outlook, By Region (2016-2026) ($MN)
Table 2 Global Balance Shaft Market Outlook, By Manufacturing Process Type (2016-2026) ($MN)
Table 3 Global Balance Shaft Market Outlook, By Cast Balance Shaft (2016-2026) ($MN)
Table 4 Global Balance Shaft Market Outlook, By Forged Balance Shaft (2016-2026) ($MN)
Table 5 Global Balance Shaft Market Outlook, By Vehicle Type (2016-2026) ($MN)
Table 6 Global Balance Shaft Market Outlook, By Heavy Commercial Vehicle (2016-2026) ($MN)
Table 7 Global Balance Shaft Market Outlook, By Passenger Car (2016-2026) ($MN)
Table 8 Global Balance Shaft Market Outlook, By Light Commercial Vehicle (2016-2026) ($MN)
Table 9 Global Balance Shaft Market Outlook, By Engine Type (2016-2026) ($MN)
Table 10 Global Balance Shaft Market Outlook, By V-6 Engine (2016-2026) ($MN)
Table 11 Global Balance Shaft Market Outlook, By Inline- 5 Cylinder Engine (2016-2026) ($MN)
Table 12 Global Balance Shaft Market Outlook, By Inline- 4 Cylinder (L4) Engine (2016-2026) ($MN)
Table 13 Global Balance Shaft Market Outlook, By Inline-3 Cylinder (L3) Engine (2016-2026) ($MN)
Table 14 Global Balance Shaft Market Outlook, By End User (2016-2026) ($MN)
Table 15 Global Balance Shaft Market Outlook, By Defense (2016-2026) ($MN)
Table 16 Global Balance Shaft Market Outlook, By Commercial (2016-2026) ($MN)
Table 17 Global Balance Shaft Market Outlook, By Industrial (2016-2026) ($MN)
Table 18 Global Balance Shaft Market Outlook, By Other End Users (2016-2026) ($MN)
Table 19 Global Balance Shaft Market Outlook, By Entertainment (2016-2026) ($MN)
Table 20 Global Balance Shaft Market Outlook, By Transportation (2016-2026) ($MN)
Table 21 Global Balance Shaft Market Outlook, By Retail (2016-2026) ($MN)
Table 22 Global Balance Shaft Market Outlook, By Government (2016-2026) ($MN)
Table 23 North America Balance Shaft Market Outlook, By Country (2016-2026) ($MN)
Table 24 North America Balance Shaft Market Outlook, By Manufacturing Process Type (2016-2026) ($MN)
Table 25 North America Balance Shaft Market Outlook, By Cast Balance Shaft (2016-2026) ($MN)
Table 26 North America Balance Shaft Market Outlook, By Forged Balance Shaft (2016-2026) ($MN)
Table 27 North America Balance Shaft Market Outlook, By Vehicle Type (2016-2026) ($MN)
Table 28 North America Balance Shaft Market Outlook, By Heavy Commercial Vehicle (2016-2026) ($MN)
Table 29 North America Balance Shaft Market Outlook, By Passenger Car (2016-2026) ($MN)
Table 30 North America Balance Shaft Market Outlook, By Light Commercial Vehicle (2016-2026) ($MN)
Table 31 North America Balance Shaft Market Outlook, By Engine Type (2016-2026) ($MN)
Table 32 North America Balance Shaft Market Outlook, By V-6 Engine (2016-2026) ($MN)
Table 33 North America Balance Shaft Market Outlook, By Inline- 5 Cylinder Engine (2016-2026) ($MN)
Table 34 North America Balance Shaft Market Outlook, By Inline- 4 Cylinder (L4) Engine (2016-2026) ($MN)
Table 35 North America Balance Shaft Market Outlook, By Inline-3 Cylinder (L3) Engine (2016-2026) ($MN)
Table 36 North America Balance Shaft Market Outlook, By End User (2016-2026) ($MN)
Table 37 North America Balance Shaft Market Outlook, By Defense (2016-2026) ($MN)
Table 38 North America Balance Shaft Market Outlook, By Commercial (2016-2026) ($MN)
Table 39 North America Balance Shaft Market Outlook, By Industrial (2016-2026) ($MN)
Table 40 North America Balance Shaft Market Outlook, By Other End Users (2016-2026) ($MN)
Table 41 North America Balance Shaft Market Outlook, By Entertainment (2016-2026) ($MN)
Table 42 North America Balance Shaft Market Outlook, By Transportation (2016-2026) ($MN)
Table 43 North America Balance Shaft Market Outlook, By Retail (2016-2026) ($MN)
Table 44 North America Balance Shaft Market Outlook, By Government (2016-2026) ($MN)
Table 45 Europe Balance Shaft Market Outlook, By Country (2016-2026) ($MN)
Table 46 Europe Balance Shaft Market Outlook, By Manufacturing Process Type (2016-2026) ($MN)
Table 47 Europe Balance Shaft Market Outlook, By Cast Balance Shaft (2016-2026) ($MN)
Table 48 Europe Balance Shaft Market Outlook, By Forged Balance Shaft (2016-2026) ($MN)
Table 49 Europe Balance Shaft Market Outlook, By Vehicle Type (2016-2026) ($MN)
Table 50 Europe Balance Shaft Market Outlook, By Heavy Commercial Vehicle (2016-2026) ($MN)
Table 51 Europe Balance Shaft Market Outlook, By Passenger Car (2016-2026) ($MN)
Table 52 Europe Balance Shaft Market Outlook, By Light Commercial Vehicle (2016-2026) ($MN)
Table 53 Europe Balance Shaft Market Outlook, By Engine Type (2016-2026) ($MN)
Table 54 Europe Balance Shaft Market Outlook, By V-6 Engine (2016-2026) ($MN)
Table 55 Europe Balance Shaft Market Outlook, By Inline- 5 Cylinder Engine (2016-2026) ($MN)
Table 56 Europe Balance Shaft Market Outlook, By Inline- 4 Cylinder (L4) Engine (2016-2026) ($MN)
Table 57 Europe Balance Shaft Market Outlook, By Inline-3 Cylinder (L3) Engine (2016-2026) ($MN)
Table 58 Europe Balance Shaft Market Outlook, By End User (2016-2026) ($MN)
Table 59 Europe Balance Shaft Market Outlook, By Defense (2016-2026) ($MN)
Table 60 Europe Balance Shaft Market Outlook, By Commercial (2016-2026) ($MN)
Table 61 Europe Balance Shaft Market Outlook, By Industrial (2016-2026) ($MN)
Table 62 Europe Balance Shaft Market Outlook, By Other End Users (2016-2026) ($MN)
Table 63 Europe Balance Shaft Market Outlook, By Entertainment (2016-2026) ($MN)
Table 64 Europe Balance Shaft Market Outlook, By Transportation (2016-2026) ($MN)
Table 65 Europe Balance Shaft Market Outlook, By Retail (2016-2026) ($MN)
Table 66 Europe Balance Shaft Market Outlook, By Government (2016-2026) ($MN)
Table 67 Asia Pacific Balance Shaft Market Outlook, By Country (2016-2026) ($MN)
Table 68 Asia Pacific Balance Shaft Market Outlook, By Manufacturing Process Type (2016-2026) ($MN)
Table 69 Asia Pacific Balance Shaft Market Outlook, By Cast Balance Shaft (2016-2026) ($MN)
Table 70 Asia Pacific Balance Shaft Market Outlook, By Forged Balance Shaft (2016-2026) ($MN)
Table 71 Asia Pacific Balance Shaft Market Outlook, By Vehicle Type (2016-2026) ($MN)
Table 72 Asia Pacific Balance Shaft Market Outlook, By Heavy Commercial Vehicle (2016-2026) ($MN)
Table 73 Asia Pacific Balance Shaft Market Outlook, By Passenger Car (2016-2026) ($MN)
Table 74 Asia Pacific Balance Shaft Market Outlook, By Light Commercial Vehicle (2016-2026) ($MN)
Table 75 Asia Pacific Balance Shaft Market Outlook, By Engine Type (2016-2026) ($MN)
Table 76 Asia Pacific Balance Shaft Market Outlook, By V-6 Engine (2016-2026) ($MN)
Table 77 Asia Pacific Balance Shaft Market Outlook, By Inline- 5 Cylinder Engine (2016-2026) ($MN)
Table 78 Asia Pacific Balance Shaft Market Outlook, By Inline- 4 Cylinder (L4) Engine (2016-2026) ($MN)
Table 79 Asia Pacific Balance Shaft Market Outlook, By Inline-3 Cylinder (L3) Engine (2016-2026) ($MN)
Table 80 Asia Pacific Balance Shaft Market Outlook, By End User (2016-2026) ($MN)
Table 81 Asia Pacific Balance Shaft Market Outlook, By Defense (2016-2026) ($MN)
Table 82 Asia Pacific Balance Shaft Market Outlook, By Commercial (2016-2026) ($MN)
Table 83 Asia Pacific Balance Shaft Market Outlook, By Industrial (2016-2026) ($MN)
Table 84 Asia Pacific Balance Shaft Market Outlook, By Other End Users (2016-2026) ($MN)
Table 85 Asia Pacific Balance Shaft Market Outlook, By Entertainment (2016-2026) ($MN)
Table 86 Asia Pacific Balance Shaft Market Outlook, By Transportation (2016-2026) ($MN)
Table 87 Asia Pacific Balance Shaft Market Outlook, By Retail (2016-2026) ($MN)
Table 88 Asia Pacific Balance Shaft Market Outlook, By Government (2016-2026) ($MN)
Table 89 South America Balance Shaft Market Outlook, By Country (2016-2026) ($MN)
Table 90 South America Balance Shaft Market Outlook, By Manufacturing Process Type (2016-2026) ($MN)
Table 91 South America Balance Shaft Market Outlook, By Cast Balance Shaft (2016-2026) ($MN)
Table 92 South America Balance Shaft Market Outlook, By Forged Balance Shaft (2016-2026) ($MN)
Table 93 South America Balance Shaft Market Outlook, By Vehicle Type (2016-2026) ($MN)
Table 94 South America Balance Shaft Market Outlook, By Heavy Commercial Vehicle (2016-2026) ($MN)
Table 95 South America Balance Shaft Market Outlook, By Passenger Car (2016-2026) ($MN)
Table 96 South America Balance Shaft Market Outlook, By Light Commercial Vehicle (2016-2026) ($MN)
Table 97 South America Balance Shaft Market Outlook, By Engine Type (2016-2026) ($MN)
Table 98 South America Balance Shaft Market Outlook, By V-6 Engine (2016-2026) ($MN)
Table 99 South America Balance Shaft Market Outlook, By Inline- 5 Cylinder Engine (2016-2026) ($MN)
Table 100 South America Balance Shaft Market Outlook, By Inline- 4 Cylinder (L4) Engine (2016-2026) ($MN)
Table 101 South America Balance Shaft Market Outlook, By Inline-3 Cylinder (L3) Engine (2016-2026) ($MN)
Table 102 South America Balance Shaft Market Outlook, By End User (2016-2026) ($MN)
Table 103 South America Balance Shaft Market Outlook, By Defense (2016-2026) ($MN)
Table 104 South America Balance Shaft Market Outlook, By Commercial (2016-2026) ($MN)
Table 105 South America Balance Shaft Market Outlook, By Industrial (2016-2026) ($MN)
Table 106 South America Balance Shaft Market Outlook, By Other End Users (2016-2026) ($MN)
Table 107 South America Balance Shaft Market Outlook, By Entertainment (2016-2026) ($MN)
Table 108 South America Balance Shaft Market Outlook, By Transportation (2016-2026) ($MN)
Table 109 South America Balance Shaft Market Outlook, By Retail (2016-2026) ($MN)
Table 110 South America Balance Shaft Market Outlook, By Government (2016-2026) ($MN)
Table 111 Middle East & Africa Balance Shaft Market Outlook, By Country (2016-2026) ($MN)
Table 112 Middle East & Africa Balance Shaft Market Outlook, By Manufacturing Process Type (2016-2026) ($MN)
Table 113 Middle East & Africa Balance Shaft Market Outlook, By Cast Balance Shaft (2016-2026) ($MN)
Table 114 Middle East & Africa Balance Shaft Market Outlook, By Forged Balance Shaft (2016-2026) ($MN)
Table 115 Middle East & Africa Balance Shaft Market Outlook, By Vehicle Type (2016-2026) ($MN)
Table 116 Middle East & Africa Balance Shaft Market Outlook, By Heavy Commercial Vehicle (2016-2026) ($MN)
Table 117 Middle East & Africa Balance Shaft Market Outlook, By Passenger Car (2016-2026) ($MN)
Table 118 Middle East & Africa Balance Shaft Market Outlook, By Light Commercial Vehicle (2016-2026) ($MN)
Table 119 Middle East & Africa Balance Shaft Market Outlook, By Engine Type (2016-2026) ($MN)
Table 120 Middle East & Africa Balance Shaft Market Outlook, By V-6 Engine (2016-2026) ($MN)
Table 121 Middle East & Africa Balance Shaft Market Outlook, By Inline- 5 Cylinder Engine (2016-2026) ($MN)
Table 122 Middle East & Africa Balance Shaft Market Outlook, By Inline- 4 Cylinder (L4) Engine (2016-2026) ($MN)
Table 123 Middle East & Africa Balance Shaft Market Outlook, By Inline-3 Cylinder (L3) Engine (2016-2026) ($MN)
Table 124 Middle East & Africa Balance Shaft Market Outlook, By End User (2016-2026) ($MN)
Table 125 Middle East & Africa Balance Shaft Market Outlook, By Defense (2016-2026) ($MN)
Table 126 Middle East & Africa Balance Shaft Market Outlook, By Commercial (2016-2026) ($MN)
Table 127 Middle East & Africa Balance Shaft Market Outlook, By Industrial (2016-2026) ($MN)
Table 128 Middle East & Africa Balance Shaft Market Outlook, By Other End Users (2016-2026) ($MN)
Table 129 Middle East & Africa Balance Shaft Market Outlook, By Entertainment (2016-2026) ($MN)
Table 130 Middle East & Africa Balance Shaft Market Outlook, By Transportation (2016-2026) ($MN)
Table 131 Middle East & Africa Balance Shaft Market Outlook, By Retail (2016-2026) ($MN)
Table 132 Middle East & Africa Balance Shaft Market Outlook, By Government (2016-2026) ($MN)
Cross-segment Market Size and Analysis for
Mentioned Segments
