The global automotive balance shaft market size is projected to reach $13,281.2 Million by 2020. Asia-Oceania is estimated to dominate the market, accounting for a market share of about 57% in 2015. China is the key contributor to the balance shaft market in the Asia-Oceania region.
Dallas, TX -- (SBWIRE) -- 07/14/2015 -- The report "Automotive Balance Shaft Market - Industry Trends & Forecast to 2020" classifies and defines the automotive balance shaft market, in terms of value and volume. The report highlights potential growth opportunities for the automotive balance shaft market during the forecast period, and also includes a review of market drivers, restraints, opportunities, challenges, competitive landscape, and other key aspects related to the automotive balance shaft market.
Browse 74 market data tables and 54 figures spread through 149 pages and in-depth TOC on "Automotive Balance Shaft Market - Industry Trends & Forecast to 2020"
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The Automotive Balance Shaft Market size is estimated to grow at a CAGR of 6.15% from 2015 to 2020 to reach $13,281.2 Million by 2020.
Asia-Oceania: Largest market for automotive balance shafts
The Asia-Oceania region comprises countries such as China, India, and Japan. The region is dominated by developing countries such as India and China, where the automotive industry is growing at a rapid pace. Factors such as the increasing demand for vehicles equipped with inline-4 cylinder engines, need to reduce engine NVH levels, and growing trends of fuel efficiency, reduced CO2 emissions, and reduced weight are accelerating the demand for balance shafts. Suppliers such as SKF Group (U.S.), SHW Ag (Germany), and Musashi Seimitsu Industry Co. Ltd. (Japan) are dominant players in this region.
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This report illustrates the market for automotive balance shafts in terms of both volume and value. The market size, by volume, from 2015 to 2020 is provided in terms of thousand units ('000 Units), whereas the market size, by value, from 2015 to 2020 is provided in terms of USD million ($Million). Focusing on key countries, the report is broadly classified by region into Asia-Oceania, Europe, North America, and RoW (rest of the world).
The report also provides an overview of the technical as well as other important aspects of the automotive balance shaft market. It includes an analysis of the value chain, Porter's Five Forces analysis, PEST analysis, competitive landscape, and company profiles. In addition to this, 10 key players in the automotive balance shaft industry have been profiled.
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