Allied Market Research

Global Automotive Balance Shaft Market Forecast 2022

Rising demand for the Inline-4 Cylinder Engine especially in the Asia-Pacific region has played a vital role in driving the Automobile Balance Shaft Market.

 

Portland, OR -- (SBWIRE) -- 07/20/2017 -- Eccentric weighted shaft is known to offset vibrations in an engine design not immanently balanced. Furthermore, the shaft vibrates and rotates in a way that can lower the vibration. These shafts are the most complicated part that requires to developed precisely to ensure its compatible with the automobile engine.

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Rising demand for the Inline-4 Cylinder Engine especially in the Asia -Pacific region has played a vital role in driving the Automobile Balance Shaft Market. 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 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.

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The automobile balance shaft market is segmented based on engine types, manufacturing process and geography. The engine types covered in the market research report Inline-3 Cylinder Engine, Inline-4 Cylinder Engine and Inline-5 Cylinder Engine. Manufacturing process discussed during the study are forged balance shaft and cast balanced shaft. Regions experiencing tremendous growth in the automobile balance shaft market are North America, Europe, Asia -Pacific and LAMEA.

The key market players active in the market include SKF Group, Metaldyne, OTICS Co., Musashi Seimitsu Industry Co. Ltd and SHW Ag.