Balance Shafts Global Market Report 2024

Global Balance Shafts Market Report 2024

Balance Shafts Global Market Report 2024 – By Engine Type (Inline-3 Cylinder Engine, Inline-4 Cylinder Engine, Inline-5 Cylinder Engine, V6 Engine), By Manufacturing Process (Casting, Forging), By Application (Passenger Cars, Light Commercial Vehicle (LCV), Heavy Commercial Vehicle (HCV)) – Market Size, Trends, And Global Forecast 2024-2033

Name: Balance Shafts Global Market Report 2024
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Balance Shafts Global Market Report 2024

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Balance Shafts Market Definition

A balance shaft refers to a shaft with eccentrically attached weights that is used in internal combustion engines to lessen vibrations brought on by the pistons. It is located between the cylinder banks in the engine and is used to reduce the amount of vibration from other engine components, such as the pistons.

The balance shafts are used in different types of engines, including inline-3 cylinder engines, inline-4 cylinder engines, inline-5 cylinder engines, and V6 engines. An inline-3-cylinder engine refers to a form of reciprocating piston internal combustion engine in which three cylinders are arranged in a straight line along a single crankshaft. These are manufactured through various processes, such as casting and forging, and are used for several applications, including passenger cars, light commercial vehicles (LCV), and heavy commercial vehicles (HCV).

Balance Shafts Market Segmentation

The balance shafts market covered in this report is segmented –

1) By Engine Type: Inline-3 Cylinder Engine, Inline-4 Cylinder Engine, Inline-5 Cylinder Engine, V6 Engine

2) By Manufacturing Process: Casting, Forging

3) By Application: Passenger Cars, Light Commercial Vehicle (LCV), Heavy Commercial Vehicle (HCV)

Global Balance Shafts Market Size 2023 to 2028: Graph

Balance Shafts Market Size 2024 And Growth Rate

The balance shafts market size has grown strongly in recent years. It will grow from $13.14 billion in 2023 to $14 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%. The growth in the historic period can be attributed to automotive industry growth, focus on engine performance, stringent emission standards, consumer demand for smooth driving experience, implementation in high-performance vehicles..

Balance Shafts Market Growth Forecast

The balance shafts market size is expected to see strong growth in the next few years. It will grow to $17.42 billion in 2028 at a compound annual growth rate (CAGR) of 5.6%. The growth in the forecast period can be attributed to continued automotive industry expansion, increasing emphasis on fuel economy, adoption in electric and hybrid vehicles, global shift towards electric mobility, focus on vehicle comfort and nvh reduction.. Major trends in the forecast period include development of twin-scroll balance shafts, application of advanced materials in balance shaft construction, implementation of variable valve timing (vvt) in balance shaft systems, adoption of balancer modules for specific engine configurations, incorporation of noise, vibration, and harshness (nvh) reduction technologies..

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Balance Shafts Market Driver: Growing Demand For Fuel Efficiency

The growing demand for fuel efficiency is expected to boost the growth of the balance shaft market going forward. Fuel efficiency refers to a term used to describe how far a car can go on a given amount of fuel. It is a measure of how efficiently a vehicle or device converts chemical energy from fuel into kinetic energy or work. By reducing friction and vibration of the engine, the use of a balance shaft in a vehicle engine leads to a reduction in overall fuel consumption, which can help reduce CO2 emissions and improve fuel efficiency. For instance, in July 2022, according to a report published by the Energy Information Administration (EIA), a US-based government agency, vehicle efficiency increased by 2% on average between April 2021 and April 2022 in the United States. Furthermore, in April 2022, the U.S. Department of Transportation, a US-based federal executive department, announced the new fuel economy standards which increase fuel efficiency 8% annually for model years 2024-2025 and 10% annually for model year 2026. Therefore, the growing demand for fuel efficiency is driving the growth of the balance shaft market.

Balance Shafts Market Driver: Automobile Industry Surge Fuels Expansion Of The Balance Shafts Market

The growing automobile industry is expected to propel the growth of the balance shafts market going forward. The automobile industry refers to a group of businesses and institutions engaged in the creation, production, marketing, and sale of vehicles. Balance shafts are used in automobiles to reduce vibration and improve engine performance, efficiency, and durability. They can also help reduce engine noise and improve passenger comfort. For instance, in June 2023, according to reports shared by the Society of Motor Manufacturers and Traders (SMMT), a UK-based trade association, the sales of passenger cars in the UK increased by 25.8% from 140,958 units in 2022 to 177,266 units in 2023. Furthermore, in March 2022, according to a report published by the European Automobile Manufacturers' Association (ACEA), a Belgium-based lobbying and standards group for the automobile industry, the sales of passenger cars in the US increased by 5.5% from 2020 to 11.9 million units in 2021 and over 6.3 million passenger cars were produced in US auto facilities in 2021, an increase of 3.1% from 2020. Therefore, the growing automobile industry is driving the growth of the balance shafts market.

Global Balance Shafts Market Major Players

Major companies operating in the balance shafts market report are Linamar Corporation, American Axle & Manufacturing Holdings Inc., Schaeffler Technologies AG & Co. KG, Metaldyne Performance Group Inc., Hirschvogel Holding GmbH, SHW AG , MAT Foundry Group Ltd., Sansera Engineering Pvt. Ltd., Ningbo Jingda Hardware Manufacture Co. Ltd., Hirschvogel Group, Engine Power Components Inc., Otics Corporation, Rane Engine Valve Limited, SAC Engine Components Pvt. Ltd, TFO Corporation, Shanghai Spb Industry Co. Ltd., Hines Industries Inc., oso precision GmbH, Bailey Morris Limited, Hunan Qilu Industrial Co. Ltd., Jinan Zhengdian Automobile Parts Co. Ltd., Kersten Maschinenbau GmbH, MFT Motoren und Fahrzeugtechnik GmbH, JL Autoparts Pvt. Ltd., Qingdao Milestone Vehicle Parts Co. Ltd, Mitec-Jebsen Automotive Systems (Dalian) Co Ltd.

Global Balance Shafts Market Restraint: Increasing Adoption Of Electric Vehicles Hinder The Growth Of The Balance Shafts Market.

The increasing adoption of electric vehicles is expected to restrain the growth of the balance shaft market during the forecast period. Electric vehicles do not require balance shafts, so the focus may shift towards developing components that are specific to electric vehicles, which can lead to a decrease in demand for balance shafts in the long term. For instance, in April 2023, according to the International Energy Agency (IEA), a France-based intergovernmental organization, electric car sales accounted for 14% of all new cars sold globally in 2022, a considerable rise from 9% in 2021. Over 2.3 million electric vehicles were sold in the first quarter of 2023, representing a 25% increase from the same period last year. Additionally, 14 million electric cars are projected to be sold by the end of 2023, representing a 35% year-on-year increase. Therefore, the increasing adoption of electric vehicles acted as a restraint on the balance shaft market.

Global Balance Shafts Market Trend: Emergence Of Specialized Balance Shaft Kits

Major companies operating in the balance shaft market are increasing their focus on introducing balance shaft kits to gain a competitive edge in the market. A balance shaft kit typically refers to a set of components used in internal combustion engines to counteract vibrations and enhance overall engine smoothness. For instance, in April 2022, Laser Tools, a UK-based company, launched a balance shaft removal and installation kit specifically designed for the Jaguar/Land Rover AJ200 2.0-liter diesel engines. This kit, identified by part number 8271, is engineered to safely remove, refit, and align the gear-driven balance shafts on these engines, and it is equivalent to several OEM tools. The kit can be used on various Jaguar and Land Rover models, such as the Jaguar E-Pace, F-Pace, XE, XF, and Land Rover Discovery, among others. It contains all the necessary components to facilitate the safe removal, fitting, and timing of the gear-driven balance shaft on these specific engines.

Balance Shafts Market Merger And Acquisition: American Axle & Manufacturing Holdings Inc. Acquired Tekfor Group

In June 2022, American Axle & Manufacturing Holdings Inc., a US-based manufacturer of automobile driveline and drivetrain components, acquired Tekfor Group for $96.4 million. The acquisition of Tekfor broadens AAM's electrification product offering while also helping to diversify its client and geographic sales mix. With this transaction, AAM expects to be able to better serve a wide range of international clients by expanding its metal forming technologies. Tekfor Group is a Germany-based manufacturer of automotive balance shafts, crankshafts, connecting rods, and camshafts.

Regional Outlook For The Global Balance Shafts Market

North America was the largest region in the balance shafts market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the balance shafts market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the balance shaft market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The balance shaft market consists of sales of camshafts, bearing caps, crankshafts, valve tappets, and connecting rods. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The balance shafts market research report is one of a series of new reports from The Business Research Company that provides balance shafts market statistics, including balance shafts industry global market size, regional shares, competitors with a balance shafts market share, detailed balance shafts market segments, market trends and opportunities, and any further data you may need to thrive in the balance shafts industry. This balance shafts market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Balance Shafts Market Report Forecast and Analysis

Report Attribute	Details
Market Size Value In 2024	$14 billion
Revenue Forecast In 2033	$17.42 billion
Growth Rate	CAGR of 5.6% from 2024 to 2033
Base Year For Estimation	2023
Actual Estimates/Historical Data	2018-2023
Forecast Period	2024 - 2028 - 2033
Market Representation	Revenue in USD Billion and CAGR from 2024 to 2033
Segments Covered	1) By Engine Type: Inline-3 Cylinder Engine, Inline-4 Cylinder Engine, Inline-5 Cylinder Engine, V6 Engine 2) By Manufacturing Process: Casting, Forging 3) By Application: Passenger Cars, Light Commercial Vehicle (LCV), Heavy Commercial Vehicle (HCV)
Regional Scope	Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Country Scope	The countries covered in the report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. Additional countries that can be covered in the report for an additional fee: Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, Mexico, Chile, Argentina, Colombia, Peru, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
Key Companies Profiled	Linamar Corporation; American Axle & Manufacturing Holdings Inc.; Schaeffler Technologies AG & Co. KG; Metaldyne Performance Group Inc.; Hirschvogel Holding GmbH; SHW AG; MAT Foundry Group Ltd.; Sansera Engineering Pvt. Ltd.; Ningbo Jingda Hardware Manufacture Co. Ltd.; Hirschvogel Group; Engine Power Components Inc.; Otics Corporation; Rane Engine Valve Limited; SAC Engine Components Pvt. Ltd; TFO Corporation; Shanghai Spb Industry Co. Ltd.; Hines Industries Inc.; oso precision GmbH; Bailey Morris Limited; Hunan Qilu Industrial Co. Ltd.; Jinan Zhengdian Automobile Parts Co. Ltd.; Kersten Maschinenbau GmbH; MFT Motoren und Fahrzeugtechnik GmbH; JL Autoparts Pvt. Ltd.; Qingdao Milestone Vehicle Parts Co. Ltd; Mitec-Jebsen Automotive Systems (Dalian) Co Ltd.
Customization Scope	Request for Sample
Pricing And Purchase Options	Explore Purchase Options

1. Executive Summary

2. Balance Shafts Market Characteristics

3. Balance Shafts Market Trends And Strategies

4. Balance Shafts Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market

4.2. Ukraine-Russia War Impact On The Market

4.3. COVID-19 Impact On The Market

5. Global Balance Shafts Market Size and Growth

5.1. Global Balance Shafts Market Drivers and Restraints

5.1.1. Drivers Of The Market

5.1.2. Restraints Of The Market

5.2. Global Balance Shafts Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)

5.3. Global Balance Shafts Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Balance Shafts Market Segmentation

6.1. Global Balance Shafts Market, Segmentation By Engine Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Inline-3 Cylinder Engine

Inline-4 Cylinder Engine

Inline-5 Cylinder Engine

V6 Engine

6.2. Global Balance Shafts Market, Segmentation By Manufacturing Process, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Casting

Forging

6.3. Global Balance Shafts Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Passenger Cars

Light Commercial Vehicle (LCV)

Heavy Commercial Vehicle (HCV)

7. Balance Shafts Market Regional And Country Analysis

7.1. Global Balance Shafts Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

7.2. Global Balance Shafts Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Balance Shafts Market

8.1. Asia-Pacific Balance Shafts Market Overview

Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

8.2. Asia-Pacific Balance Shafts Market, Segmentation By Engine Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8.3. Asia-Pacific Balance Shafts Market, Segmentation By Manufacturing Process, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8.4. Asia-Pacific Balance Shafts Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Balance Shafts Market

9.1. China Balance Shafts Market Overview

9.2. China Balance Shafts Market, Segmentation By Engine Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

9.3. China Balance Shafts Market, Segmentation By Manufacturing Process, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

9.4. China Balance Shafts Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Balance Shafts Market

10.1. India Balance Shafts Market, Segmentation By Engine Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

10.2. India Balance Shafts Market, Segmentation By Manufacturing Process, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

10.3. India Balance Shafts Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Balance Shafts Market

11.1. Japan Balance Shafts Market Overview

11.2. Japan Balance Shafts Market, Segmentation By Engine Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11.3. Japan Balance Shafts Market, Segmentation By Manufacturing Process, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11.4. Japan Balance Shafts Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Balance Shafts Market

12.1. Australia Balance Shafts Market, Segmentation By Engine Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12.2. Australia Balance Shafts Market, Segmentation By Manufacturing Process, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12.3. Australia Balance Shafts Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Balance Shafts Market

13.1. Indonesia Balance Shafts Market, Segmentation By Engine Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13.2. Indonesia Balance Shafts Market, Segmentation By Manufacturing Process, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13.3. Indonesia Balance Shafts Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Balance Shafts Market

14.1. South Korea Balance Shafts Market Overview

14.2. South Korea Balance Shafts Market, Segmentation By Engine Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14.3. South Korea Balance Shafts Market, Segmentation By Manufacturing Process, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14.4. South Korea Balance Shafts Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Balance Shafts Market

15.1. Western Europe Balance Shafts Market Overview

15.2. Western Europe Balance Shafts Market, Segmentation By Engine Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15.3. Western Europe Balance Shafts Market, Segmentation By Manufacturing Process, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15.4. Western Europe Balance Shafts Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Balance Shafts Market

16.1. UK Balance Shafts Market, Segmentation By Engine Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16.2. UK Balance Shafts Market, Segmentation By Manufacturing Process, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16.3. UK Balance Shafts Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Balance Shafts Market

17.1. Germany Balance Shafts Market, Segmentation By Engine Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17.2. Germany Balance Shafts Market, Segmentation By Manufacturing Process, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17.3. Germany Balance Shafts Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Balance Shafts Market

18.1. France Balance Shafts Market, Segmentation By Engine Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18.2. France Balance Shafts Market, Segmentation By Manufacturing Process, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18.3. France Balance Shafts Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Balance Shafts Market

19.1. Italy Balance Shafts Market, Segmentation By Engine Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19.2. Italy Balance Shafts Market, Segmentation By Manufacturing Process, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19.3. Italy Balance Shafts Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Balance Shafts Market

20.1. Spain Balance Shafts Market, Segmentation By Engine Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20.2. Spain Balance Shafts Market, Segmentation By Manufacturing Process, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20.3. Spain Balance Shafts Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Balance Shafts Market

21.1. Eastern Europe Balance Shafts Market Overview

21.2. Eastern Europe Balance Shafts Market, Segmentation By Engine Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21.3. Eastern Europe Balance Shafts Market, Segmentation By Manufacturing Process, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21.4. Eastern Europe Balance Shafts Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Balance Shafts Market

22.1. Russia Balance Shafts Market, Segmentation By Engine Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22.2. Russia Balance Shafts Market, Segmentation By Manufacturing Process, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22.3. Russia Balance Shafts Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Balance Shafts Market

23.1. North America Balance Shafts Market Overview

23.2. North America Balance Shafts Market, Segmentation By Engine Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23.3. North America Balance Shafts Market, Segmentation By Manufacturing Process, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23.4. North America Balance Shafts Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Balance Shafts Market

24.1. USA Balance Shafts Market Overview

24.2. USA Balance Shafts Market, Segmentation By Engine Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24.3. USA Balance Shafts Market, Segmentation By Manufacturing Process, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24.4. USA Balance Shafts Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Balance Shafts Market

25.1. Canada Balance Shafts Market Overview

25.2. Canada Balance Shafts Market, Segmentation By Engine Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25.3. Canada Balance Shafts Market, Segmentation By Manufacturing Process, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25.4. Canada Balance Shafts Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Balance Shafts Market

26.1. South America Balance Shafts Market Overview

26.2. South America Balance Shafts Market, Segmentation By Engine Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26.3. South America Balance Shafts Market, Segmentation By Manufacturing Process, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26.4. South America Balance Shafts Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Balance Shafts Market

27.1. Brazil Balance Shafts Market, Segmentation By Engine Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27.2. Brazil Balance Shafts Market, Segmentation By Manufacturing Process, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27.3. Brazil Balance Shafts Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Balance Shafts Market

28.1. Middle East Balance Shafts Market Overview

28.2. Middle East Balance Shafts Market, Segmentation By Engine Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28.3. Middle East Balance Shafts Market, Segmentation By Manufacturing Process, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28.4. Middle East Balance Shafts Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Balance Shafts Market

29.1. Africa Balance Shafts Market Overview

29.2. Africa Balance Shafts Market, Segmentation By Engine Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29.3. Africa Balance Shafts Market, Segmentation By Manufacturing Process, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29.4. Africa Balance Shafts Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Balance Shafts Market Competitive Landscape And Company Profiles

30.1. Balance Shafts Market Competitive Landscape

30.2. Balance Shafts Market Company Profiles

30.2.1. Linamar Corporation

30.2.1.1. Overview

30.2.1.2. Products and Services

30.2.1.3. Strategy

30.2.1.4. Financial Performance

30.2.2. American Axle & Manufacturing Holdings Inc.

30.2.2.1. Overview

30.2.2.2. Products and Services

30.2.2.3. Strategy

30.2.2.4. Financial Performance

30.2.3. Schaeffler Technologies AG & Co. KG

30.2.3.1. Overview

30.2.3.2. Products and Services

30.2.3.3. Strategy

30.2.3.4. Financial Performance

30.2.4. Metaldyne Performance Group Inc.

30.2.4.1. Overview

30.2.4.2. Products and Services

30.2.4.3. Strategy

30.2.4.4. Financial Performance

30.2.5. Hirschvogel Holding GmbH

30.2.5.1. Overview

30.2.5.2. Products and Services

30.2.5.3. Strategy

30.2.5.4. Financial Performance

31. Balance Shafts Market Other Major And Innovative Companies

31.1. SHW AG

31.2. MAT Foundry Group Ltd.

31.3. Sansera Engineering Pvt. Ltd.

31.4. Ningbo Jingda Hardware Manufacture Co. Ltd.

31.5. Hirschvogel Group

31.6. Engine Power Components Inc.

31.7. Otics Corporation

31.8. Rane Engine Valve Limited

31.9. SAC Engine Components Pvt. Ltd

31.10. TFO Corporation

31.11. Shanghai Spb Industry Co. Ltd.

31.12. Hines Industries Inc.

31.13. oso precision GmbH

31.14. Bailey Morris Limited

31.15. Hunan Qilu Industrial Co. Ltd.

32. Global Balance Shafts Market Competitive Benchmarking

33. Global Balance Shafts Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Balance Shafts Market

35. Balance Shafts Market Future Outlook and Potential Analysis

35.1 Balance Shafts Market In 2028 - Countries Offering Most New Opportunities

35.2 Balance Shafts Market In 2028 - Segments Offering Most New Opportunities

35.3 Balance Shafts Market In 2028 - Growth Strategies

35.3.1 Market Trend Based Strategies

35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations

36.2. Currencies

36.3. Historic And Forecast Inflation Rates

36.4. Research Inquiries

36.5. The Business Research Company

36.6. Copyright And Disclaimer

List Of Tables

Table 1: Global Historic Market Growth, 2018-2023, $ Billion

Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion

Table 3: Global Balance Shafts Market, Segmentation By Engine Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 4: Global Balance Shafts Market, Segmentation By Manufacturing Process, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 5: Global Balance Shafts Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 6: Global Balance Shafts Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 7: Global Balance Shafts Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 8: Asia-Pacific, Balance Shafts Market, Segmentation By Engine Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 9: Asia-Pacific, Balance Shafts Market, Segmentation By Manufacturing Process, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 10: Asia-Pacific, Balance Shafts Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 11: China, Balance Shafts Market, Segmentation By Engine Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 12: China, Balance Shafts Market, Segmentation By Manufacturing Process, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 13: China, Balance Shafts Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 14: India, Balance Shafts Market, Segmentation By Engine Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 15: India, Balance Shafts Market, Segmentation By Manufacturing Process, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 16: India, Balance Shafts Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 17: Japan, Balance Shafts Market, Segmentation By Engine Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 18: Japan, Balance Shafts Market, Segmentation By Manufacturing Process, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 19: Japan, Balance Shafts Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 20: Australia, Balance Shafts Market, Segmentation By Engine Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 21: Australia, Balance Shafts Market, Segmentation By Manufacturing Process, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 22: Australia, Balance Shafts Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 23: Indonesia, Balance Shafts Market, Segmentation By Engine Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 24: Indonesia, Balance Shafts Market, Segmentation By Manufacturing Process, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 25: Indonesia, Balance Shafts Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 26: South Korea, Balance Shafts Market, Segmentation By Engine Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 27: South Korea, Balance Shafts Market, Segmentation By Manufacturing Process, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 28: South Korea, Balance Shafts Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 29: Western Europe, Balance Shafts Market, Segmentation By Engine Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 30: Western Europe, Balance Shafts Market, Segmentation By Manufacturing Process, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 31: Western Europe, Balance Shafts Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 32: UK, Balance Shafts Market, Segmentation By Engine Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 33: UK, Balance Shafts Market, Segmentation By Manufacturing Process, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 34: UK, Balance Shafts Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 35: Germany, Balance Shafts Market, Segmentation By Engine Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 36: Germany, Balance Shafts Market, Segmentation By Manufacturing Process, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 37: Germany, Balance Shafts Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 38: France, Balance Shafts Market, Segmentation By Engine Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 39: France, Balance Shafts Market, Segmentation By Manufacturing Process, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 40: France, Balance Shafts Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 41: Italy, Balance Shafts Market, Segmentation By Engine Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 42: Italy, Balance Shafts Market, Segmentation By Manufacturing Process, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 43: Italy, Balance Shafts Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 44: Spain, Balance Shafts Market, Segmentation By Engine Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 45: Spain, Balance Shafts Market, Segmentation By Manufacturing Process, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 46: Spain, Balance Shafts Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 47: Eastern Europe, Balance Shafts Market, Segmentation By Engine Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 48: Eastern Europe, Balance Shafts Market, Segmentation By Manufacturing Process, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 49: Eastern Europe, Balance Shafts Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 50: Russia, Balance Shafts Market, Segmentation By Engine Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 51: Russia, Balance Shafts Market, Segmentation By Manufacturing Process, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 52: Russia, Balance Shafts Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 53: North America, Balance Shafts Market, Segmentation By Engine Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 54: North America, Balance Shafts Market, Segmentation By Manufacturing Process, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 55: North America, Balance Shafts Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 56: USA, Balance Shafts Market, Segmentation By Engine Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 57: USA, Balance Shafts Market, Segmentation By Manufacturing Process, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 58: USA, Balance Shafts Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 59: Canada, Balance Shafts Market, Segmentation By Engine Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 60: Canada, Balance Shafts Market, Segmentation By Manufacturing Process, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 61: Canada, Balance Shafts Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 62: South America, Balance Shafts Market, Segmentation By Engine Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 63: South America, Balance Shafts Market, Segmentation By Manufacturing Process, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 64: South America, Balance Shafts Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 65: Brazil, Balance Shafts Market, Segmentation By Engine Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 66: Brazil, Balance Shafts Market, Segmentation By Manufacturing Process, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 67: Brazil, Balance Shafts Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 68: Middle East, Balance Shafts Market, Segmentation By Engine Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 69: Middle East, Balance Shafts Market, Segmentation By Manufacturing Process, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 70: Middle East, Balance Shafts Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 71: Africa, Balance Shafts Market, Segmentation By Engine Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 72: Africa, Balance Shafts Market, Segmentation By Manufacturing Process, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 73: Africa, Balance Shafts Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 74: Linamar Corporation Financial Performance

Table 75: American Axle & Manufacturing Holdings Inc. Financial Performance

Table 76: Schaeffler Technologies AG & Co. KG Financial Performance

Table 77: Metaldyne Performance Group Inc. Financial Performance

Table 78: Hirschvogel Holding GmbH Financial Performance

List Of Figures

Figure 1: Global Historic Market Growth, 2018-2023, $ Billion

Figure 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion

Figure 3: Global Balance Shafts Market, Segmentation By Engine Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 4: Global Balance Shafts Market, Segmentation By Manufacturing Process, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 5: Global Balance Shafts Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 6: Global Balance Shafts Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 7: Global Balance Shafts Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 8: Asia-Pacific, Balance Shafts Market, Segmentation By Engine Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 9: Asia-Pacific, Balance Shafts Market, Segmentation By Manufacturing Process, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 10: Asia-Pacific, Balance Shafts Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 11: China, Balance Shafts Market, Segmentation By Engine Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 12: China, Balance Shafts Market, Segmentation By Manufacturing Process, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 13: China, Balance Shafts Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 14: India, Balance Shafts Market, Segmentation By Engine Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 15: India, Balance Shafts Market, Segmentation By Manufacturing Process, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 16: India, Balance Shafts Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 17: Japan, Balance Shafts Market, Segmentation By Engine Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 18: Japan, Balance Shafts Market, Segmentation By Manufacturing Process, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 19: Japan, Balance Shafts Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 20: Australia, Balance Shafts Market, Segmentation By Engine Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 21: Australia, Balance Shafts Market, Segmentation By Manufacturing Process, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 22: Australia, Balance Shafts Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 23: Indonesia, Balance Shafts Market, Segmentation By Engine Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 24: Indonesia, Balance Shafts Market, Segmentation By Manufacturing Process, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 25: Indonesia, Balance Shafts Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 26: South Korea, Balance Shafts Market, Segmentation By Engine Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 27: South Korea, Balance Shafts Market, Segmentation By Manufacturing Process, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 28: South Korea, Balance Shafts Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 29: Western Europe, Balance Shafts Market, Segmentation By Engine Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 30: Western Europe, Balance Shafts Market, Segmentation By Manufacturing Process, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 31: Western Europe, Balance Shafts Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 32: UK, Balance Shafts Market, Segmentation By Engine Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 33: UK, Balance Shafts Market, Segmentation By Manufacturing Process, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 34: UK, Balance Shafts Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 35: Germany, Balance Shafts Market, Segmentation By Engine Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 36: Germany, Balance Shafts Market, Segmentation By Manufacturing Process, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 37: Germany, Balance Shafts Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 38: France, Balance Shafts Market, Segmentation By Engine Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 39: France, Balance Shafts Market, Segmentation By Manufacturing Process, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 40: France, Balance Shafts Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 41: Italy, Balance Shafts Market, Segmentation By Engine Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 42: Italy, Balance Shafts Market, Segmentation By Manufacturing Process, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 43: Italy, Balance Shafts Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 44: Spain, Balance Shafts Market, Segmentation By Engine Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 45: Spain, Balance Shafts Market, Segmentation By Manufacturing Process, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 46: Spain, Balance Shafts Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 47: Eastern Europe, Balance Shafts Market, Segmentation By Engine Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 48: Eastern Europe, Balance Shafts Market, Segmentation By Manufacturing Process, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 49: Eastern Europe, Balance Shafts Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 50: Russia, Balance Shafts Market, Segmentation By Engine Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 51: Russia, Balance Shafts Market, Segmentation By Manufacturing Process, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 52: Russia, Balance Shafts Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 53: North America, Balance Shafts Market, Segmentation By Engine Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 54: North America, Balance Shafts Market, Segmentation By Manufacturing Process, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 55: North America, Balance Shafts Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 56: USA, Balance Shafts Market, Segmentation By Engine Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 57: USA, Balance Shafts Market, Segmentation By Manufacturing Process, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 58: USA, Balance Shafts Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 59: Canada, Balance Shafts Market, Segmentation By Engine Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 60: Canada, Balance Shafts Market, Segmentation By Manufacturing Process, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 61: Canada, Balance Shafts Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 62: South America, Balance Shafts Market, Segmentation By Engine Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 63: South America, Balance Shafts Market, Segmentation By Manufacturing Process, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 64: South America, Balance Shafts Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 65: Brazil, Balance Shafts Market, Segmentation By Engine Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 66: Brazil, Balance Shafts Market, Segmentation By Manufacturing Process, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 67: Brazil, Balance Shafts Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 68: Middle East, Balance Shafts Market, Segmentation By Engine Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 69: Middle East, Balance Shafts Market, Segmentation By Manufacturing Process, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 70: Middle East, Balance Shafts Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 71: Africa, Balance Shafts Market, Segmentation By Engine Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 72: Africa, Balance Shafts Market, Segmentation By Manufacturing Process, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 73: Africa, Balance Shafts Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 74: Linamar Corporation Financial Performance

Figure 75: American Axle & Manufacturing Holdings Inc. Financial Performance

Figure 76: Schaeffler Technologies AG & Co. KG Financial Performance

Figure 77: Metaldyne Performance Group Inc. Financial Performance

Figure 78: Hirschvogel Holding GmbH Financial Performance

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Frequently Asked Questions

What is the definition of the balance shafts market?

How will the balance shafts market drivers and restraints affect the balance shafts market dynamics? What forces will shape the balance shafts industry going forward?

The balance shafts market major growth driver - growing demand for fuel efficiency. For further insights on the balance shafts market, request a sample here

What is the forecast market size or the forecast market value of the balance shafts market ?

The balance shafts market size has grown strongly in recent years. It will grow from $13.14 billion in 2023 to $14 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%. The growth in the historic period can be attributed to automotive industry growth, focus on engine performance, stringent emission standards, consumer demand for smooth driving experience, implementation in high-performance vehicles.. The balance shafts market size is expected to see strong growth in the next few years. It will grow to $17.42 billion in 2028 at a compound annual growth rate (CAGR) of 5.6%. The growth in the forecast period can be attributed to continued automotive industry expansion, increasing emphasis on fuel economy, adoption in electric and hybrid vehicles, global shift towards electric mobility, focus on vehicle comfort and nvh reduction.. Major trends in the forecast period include development of twin-scroll balance shafts, application of advanced materials in balance shaft construction, implementation of variable valve timing (vvt) in balance shaft systems, adoption of balancer modules for specific engine configurations, incorporation of noise, vibration, and harshness (nvh) reduction technologies.. For further insights on the balance shafts market, request a sample here

How is the balance shafts market segmented?

The balance shafts market is segmented
1) By Engine Type: Inline-3 Cylinder Engine, Inline-4 Cylinder Engine, Inline-5 Cylinder Engine, V6 Engine
2) By Manufacturing Process: Casting, Forging
3) By Application: Passenger Cars, Light Commercial Vehicle (LCV), Heavy Commercial Vehicle (HCV)For further insights on the balance shafts market, request a sample here

Which region has the largest share of the balance shafts market? What are the other regions covered in the report?

North America was the largest region in the balance shafts market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the balance shafts market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. For further insights on the balance shafts market, request a sample here.

Who are the major players in the balance shafts market?

What are the key trends in the balance shafts market?

Major trend in the balance shafts market - emergence of specialized balance shaft kits. For further insights on the balance shafts market, request a sample here.

What are the major opportunities in the balance shafts market? What are the strategies for the balance shafts market?

For detailed insights on the major opportunities and strategies in the balance shafts market, request a sample here.

How does the balance shafts market relate to the overall economy and other similar markets?

For detailed insights on balance shafts market's relation to the overall economy and other similar markets, request a sample here.

What are the latest mergers and acquisitions in the balance shafts industry?

For detailed insights on the mergers and acquisitions in the balance shafts industry, request a sample here.

What are the key dynamics influencing the balance shafts market growth? SWOT analysis of the balance shafts market.

For detailed insights on the key dynamics influencing the balance shafts market growth and SWOT analysis of the balance shafts industry, request a sample here.