Allied Market Research

Automotive Balance Shaft Market Forecast 2023

 

Portland, OR -- (SBWIRE) -- 03/13/2018 -- Rising demand for the Inline-4 Cylinder Engine especially in the Asia-Pacific region has played a vital role in driving the automotive balance shaft market. Further, the need for eco-friendly automobiles is increasing, owing to the strict government emission policies. However, demand for electric vehicle has hampered the growth of the automotive balance shaft market to a greater extent. On the other hand, pressure over the manufacturers to integrate balance shafts in automobiles to provide engines with reduced vibration, noise and vibration is likely to create greater opportunities for the key players operating in automotive balance shaft market.

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Significant players operating in the automotive balance shaft market are American Axle & Manufacturing Holdings, Inc., LACO, Mitec-jebsen Automotive Systems (Dalian) Co Ltd, Musashi Seimitsu Industry Co., Ltd., Ningbo Jingda Hardware Manufacture Co., Ltd., Otics Corporation, Sansera Engineering Pvt. Ltd, SHW AG, SKF Group AB, and TFO Corporation.

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