The Asia Pacific Automotive Balance Shaft Market would witness market growth of 4.7% CAGR during the forecast period (2021-2027).
The market for balancing shafts is growing due to an increasing pattern of fuel efficiency, lower CO2 emissions, and lighter weight. As a result, factors such as increased demand for automobiles with inline-4 cylinder engines and the requirement to reduce engine NVH levels are projected to drive the market growth over the upcoming years.
The issue gets worse as the engine displacement gets bigger because the only option to get bigger is to have a longer piston stroke, which raises the discrepancy in acceleration, or a bigger bore, which increases the mass of the pistons; either way, the inertial vibration gets worse. For several years, the 'unofficial' displacement limit for an acceptable NVH factory inline four-cylinder engine was two liters.
There is an expansion of the manufacturing sector across different nations like India and China. For the global automotive sector, Asia-Oceania has developed as an important market. The key driver of this trend is the Chinese market, which has grown to become the world's largest producer and buyer of automobiles. India, South Korea, and Japan are the region's other main country-level marketplaces. While India is progressively establishing itself as a credible automotive player, Japan, and South Korea are already household names. Due to enormous growth potential, India and China represent the best possible, with various regional and worldwide automotive manufacturers opening facilities there. India was the world's fourth-largest automobile market in 2019, with domestic production exceeding 26 million units for the fiscal year 2016-2020, and over 21 million vehicles sold at the start of 2020.
The China market dominated the Asia Pacific Automotive Balance Shaft Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $1,428 Million by 2027. The Japan market is poised to grow at a CAGR of 4% during (2021 - 2027). Additionally, The India market would exhibit a CAGR of 5.3% during (2021 - 2027).
Based on Manufacturing Process, the market is segmented into Forging, and Casting. Based on Application, the market is segmented into Passenger Cars, Light Commercial Vehicles, and Heavy Commercial Vehicles. Based on Sales Channel, the market is segmented into Original Equipment Manufacturer, and Aftermarket. Based on Engine Type, the market is segmented into Inline 4-cylinder Engine, Inline 3-cylinder Engine, Inline 5-cylinder Engine, and V6 Engine. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Automotive Balance Shaft Market is Projected to reach USD 13.2 Billion by 2027, at a CAGR of 4.1%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include American Axle & Manufacturing, Inc., Engine Power Components, Inc., Hirschvogel Group, Linamar Corporation, MAT Foundry Group Ltd., Musashi Seimitsu Industry Co., Ltd., Ningbo Jingda Hardware Manufacture Co., Ltd., Otics Corporation, Sansera Engineering Limited, and TFO Corporation.
Scope of the Study
Market Segments Covered in the Report:
By Manufacturing Process
By Application
- Passenger Cars
- Light Commercial Vehicles
- Heavy Commercial Vehicles
By Sales Channel
- Original Equipment Manufacturer
- Aftermarket
By Engine Type
- Inline 4-cylinder Engine
- Inline 3-cylinder Engine
- Inline 5-cylinder Engine
- V6 Engine
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- American Axle & Manufacturing, Inc.
- Engine Power Components, Inc.
- Hirschvogel Group
- Linamar Corporation
- MAT Foundry Group Ltd.
- Musashi Seimitsu Industry Co., Ltd.
- Ningbo Jingda Hardware Manufacture Co., Ltd.
- Otics Corporation
- Sansera Engineering Limited
- TFO Corporation
TABLE 1 Asia Pacific Automotive Balance Shaft Market, 2017 - 2020, USD Million
TABLE 2 Asia Pacific Automotive Balance Shaft Market, 2021 - 2027, USD Million
TABLE 3 Asia Pacific Automotive Balance Shaft Market by Manufacturing Process, 2017 - 2020, USD Million
TABLE 4 Asia Pacific Automotive Balance Shaft Market by Manufacturing Process, 2021 - 2027, USD Million
TABLE 5 Asia Pacific Forging Market by Country, 2017 - 2020, USD Million
TABLE 6 Asia Pacific Forging Market by Country, 2021 - 2027, USD Million
TABLE 7 Asia Pacific Casting Market by Country, 2017 - 2020, USD Million
TABLE 8 Asia Pacific Casting Market by Country, 2021 - 2027, USD Million
TABLE 9 Asia Pacific Automotive Balance Shaft Market by Application, 2017 - 2020, USD Million
TABLE 10 Asia Pacific Automotive Balance Shaft Market by Application, 2021 - 2027, USD Million
TABLE 11 Asia Pacific Passenger Cars Market by Country, 2017 - 2020, USD Million
TABLE 12 Asia Pacific Passenger Cars Market by Country, 2021 - 2027, USD Million
TABLE 13 Asia Pacific Light Commercial Vehicles Market by Country, 2017 - 2020, USD Million
TABLE 14 Asia Pacific Light Commercial Vehicles Market by Country, 2021 - 2027, USD Million
TABLE 15 Asia Pacific Heavy Commercial Vehicles Market by Country, 2017 - 2020, USD Million
TABLE 16 Asia Pacific Heavy Commercial Vehicles Market by Country, 2021 - 2027, USD Million
TABLE 17 Asia Pacific Automotive Balance Shaft Market by Sales Channel, 2017 - 2020, USD Million
TABLE 18 Asia Pacific Automotive Balance Shaft Market by Sales Channel, 2021 - 2027, USD Million
TABLE 19 Asia Pacific Original Equipment Manufacturer Market by Country, 2017 - 2020, USD Million
TABLE 20 Asia Pacific Original Equipment Manufacturer Market by Country, 2021 - 2027, USD Million
TABLE 21 Asia Pacific Aftermarket Market by Country, 2017 - 2020, USD Million
TABLE 22 Asia Pacific Aftermarket Market by Country, 2021 - 2027, USD Million
TABLE 23 Asia Pacific Automotive Balance Shaft Market by Engine Type, 2017 - 2020, USD Million
TABLE 24 Asia Pacific Automotive Balance Shaft Market by Engine Type, 2021 - 2027, USD Million
TABLE 25 Asia Pacific Inline 4-cylinder Engine Market by Country, 2017 - 2020, USD Million
TABLE 26 Asia Pacific Inline 4-cylinder Engine Market by Country, 2021 - 2027, USD Million
TABLE 27 Asia Pacific Inline 3-cylinder Engine Market by Country, 2017 - 2020, USD Million
TABLE 28 Asia Pacific Inline 3-cylinder Engine Market by Country, 2021 - 2027, USD Million
TABLE 29 Asia Pacific Inline 5-cylinder Engine Market by Country, 2017 - 2020, USD Million
TABLE 30 Asia Pacific Inline 5-cylinder Engine Market by Country, 2021 - 2027, USD Million
TABLE 31 Asia Pacific V6 Engine Market by Country, 2017 - 2020, USD Million
TABLE 32 Asia Pacific V6 Engine Market by Country, 2021 - 2027, USD Million
TABLE 33 Asia Pacific Automotive Balance Shaft Market by Country, 2017 - 2020, USD Million
TABLE 34 Asia Pacific Automotive Balance Shaft Market by Country, 2021 - 2027, USD Million
TABLE 35 China Automotive Balance Shaft Market, 2017 - 2020, USD Million
TABLE 36 China Automotive Balance Shaft Market, 2021 - 2027, USD Million
TABLE 37 China Automotive Balance Shaft Market by Manufacturing Process, 2017 - 2020, USD Million
TABLE 38 China Automotive Balance Shaft Market by Manufacturing Process, 2021 - 2027, USD Million
TABLE 39 China Automotive Balance Shaft Market by Application, 2017 - 2020, USD Million
TABLE 40 China Automotive Balance Shaft Market by Application, 2021 - 2027, USD Million
TABLE 41 China Automotive Balance Shaft Market by Sales Channel, 2017 - 2020, USD Million
TABLE 42 China Automotive Balance Shaft Market by Sales Channel, 2021 - 2027, USD Million
TABLE 43 China Automotive Balance Shaft Market by Engine Type, 2017 - 2020, USD Million
TABLE 44 China Automotive Balance Shaft Market by Engine Type, 2021 - 2027, USD Million
TABLE 45 Japan Automotive Balance Shaft Market, 2017 - 2020, USD Million
TABLE 46 Japan Automotive Balance Shaft Market, 2021 - 2027, USD Million
TABLE 47 Japan Automotive Balance Shaft Market by Manufacturing Process, 2017 - 2020, USD Million
TABLE 48 Japan Automotive Balance Shaft Market by Manufacturing Process, 2021 - 2027, USD Million
TABLE 49 Japan Automotive Balance Shaft Market by Application, 2017 - 2020, USD Million
TABLE 50 Japan Automotive Balance Shaft Market by Application, 2021 - 2027, USD Million
TABLE 51 Japan Automotive Balance Shaft Market by Sales Channel, 2017 - 2020, USD Million
TABLE 52 Japan Automotive Balance Shaft Market by Sales Channel, 2021 - 2027, USD Million
TABLE 53 Japan Automotive Balance Shaft Market by Engine Type, 2017 - 2020, USD Million
TABLE 54 Japan Automotive Balance Shaft Market by Engine Type, 2021 - 2027, USD Million
TABLE 55 India Automotive Balance Shaft Market, 2017 - 2020, USD Million
TABLE 56 India Automotive Balance Shaft Market, 2021 - 2027, USD Million
TABLE 57 India Automotive Balance Shaft Market by Manufacturing Process, 2017 - 2020, USD Million
TABLE 58 India Automotive Balance Shaft Market by Manufacturing Process, 2021 - 2027, USD Million
TABLE 59 India Automotive Balance Shaft Market by Application, 2017 - 2020, USD Million
TABLE 60 India Automotive Balance Shaft Market by Application, 2021 - 2027, USD Million
TABLE 61 India Automotive Balance Shaft Market by Sales Channel, 2017 - 2020, USD Million
TABLE 62 India Automotive Balance Shaft Market by Sales Channel, 2021 - 2027, USD Million
TABLE 63 India Automotive Balance Shaft Market by Engine Type, 2017 - 2020, USD Million
TABLE 64 India Automotive Balance Shaft Market by Engine Type, 2021 - 2027, USD Million
TABLE 65 South Korea Automotive Balance Shaft Market, 2017 - 2020, USD Million
TABLE 66 South Korea Automotive Balance Shaft Market, 2021 - 2027, USD Million
TABLE 67 South Korea Automotive Balance Shaft Market by Manufacturing Process, 2017 - 2020, USD Million
TABLE 68 South Korea Automotive Balance Shaft Market by Manufacturing Process, 2021 - 2027, USD Million
TABLE 69 South Korea Automotive Balance Shaft Market by Application, 2017 - 2020, USD Million
TABLE 70 South Korea Automotive Balance Shaft Market by Application, 2021 - 2027, USD Million
TABLE 71 South Korea Automotive Balance Shaft Market by Sales Channel, 2017 - 2020, USD Million
TABLE 72 South Korea Automotive Balance Shaft Market by Sales Channel, 2021 - 2027, USD Million
TABLE 73 South Korea Automotive Balance Shaft Market by Engine Type, 2017 - 2020, USD Million
TABLE 74 South Korea Automotive Balance Shaft Market by Engine Type, 2021 - 2027, USD Million
TABLE 75 Singapore Automotive Balance Shaft Market, 2017 - 2020, USD Million
TABLE 76 Singapore Automotive Balance Shaft Market, 2021 - 2027, USD Million
TABLE 77 Singapore Automotive Balance Shaft Market by Manufacturing Process, 2017 - 2020, USD Million
TABLE 78 Singapore Automotive Balance Shaft Market by Manufacturing Process, 2021 - 2027, USD Million
TABLE 79 Singapore Automotive Balance Shaft Market by Application, 2017 - 2020, USD Million
TABLE 80 Singapore Automotive Balance Shaft Market by Application, 2021 - 2027, USD Million
TABLE 81 Singapore Automotive Balance Shaft Market by Sales Channel, 2017 - 2020, USD Million
TABLE 82 Singapore Automotive Balance Shaft Market by Sales Channel, 2021 - 2027, USD Million
TABLE 83 Singapore Automotive Balance Shaft Market by Engine Type, 2017 - 2020, USD Million
TABLE 84 Singapore Automotive Balance Shaft Market by Engine Type, 2021 - 2027, USD Million
TABLE 85 Malaysia Automotive Balance Shaft Market, 2017 - 2020, USD Million
TABLE 86 Malaysia Automotive Balance Shaft Market, 2021 - 2027, USD Million
TABLE 87 Malaysia Automotive Balance Shaft Market by Manufacturing Process, 2017 - 2020, USD Million
TABLE 88 Malaysia Automotive Balance Shaft Market by Manufacturing Process, 2021 - 2027, USD Million
TABLE 89 Malaysia Automotive Balance Shaft Market by Application, 2017 - 2020, USD Million
TABLE 90 Malaysia Automotive Balance Shaft Market by Application, 2021 - 2027, USD Million
TABLE 91 Malaysia Automotive Balance Shaft Market by Sales Channel, 2017 - 2020, USD Million
TABLE 92 Malaysia Automotive Balance Shaft Market by Sales Channel, 2021 - 2027, USD Million
TABLE 93 Malaysia Automotive Balance Shaft Market by Engine Type, 2017 - 2020, USD Million
TABLE 94 Malaysia Automotive Balance Shaft Market by Engine Type, 2021 - 2027, USD Million
TABLE 95 Rest of Asia Pacific Automotive Balance Shaft Market, 2017 - 2020, USD Million
TABLE 96 Rest of Asia Pacific Automotive Balance Shaft Market, 2021 - 2027, USD Million
TABLE 97 Rest of Asia Pacific Automotive Balance Shaft Market by Manufacturing Process, 2017 - 2020, USD Million
TABLE 98 Rest of Asia Pacific Automotive Balance Shaft Market by Manufacturing Process, 2021 - 2027, USD Million
TABLE 99 Rest of Asia Pacific Automotive Balance Shaft Market by Application, 2017 - 2020, USD Million
TABLE 100 Rest of Asia Pacific Automotive Balance Shaft Market by Application, 2021 - 2027, USD Million
TABLE 101 Rest of Asia Pacific Automotive Balance Shaft Market by Sales Channel, 2017 - 2020, USD Million
TABLE 102 Rest of Asia Pacific Automotive Balance Shaft Market by Sales Channel, 2021 - 2027, USD Million
TABLE 103 Rest of Asia Pacific Automotive Balance Shaft Market by Engine Type, 2017 - 2020, USD Million
TABLE 104 Rest of Asia Pacific Automotive Balance Shaft Market by Engine Type, 2021 - 2027, USD Million
TABLE 105 Key Information – American Axle & Manufacturing, Inc.
TABLE 106 Key Information – Linamar Corporation
TABLE 107 Key Information – Sansera Engineering Limited
TABLE 108 Key Information – Engine Power Components, Inc.
TABLE 109 Key Information – Hirschvogel Group
TABLE 110 Key Information – MAT Holding, Inc.
TABLE 111 Key Information – Musashi Seimitsu Industry Co., Ltd.
TABLE 112 Key Information – Ningbo Jingda Hardware Manufacture Co., Ltd.
TABLE 113 Key Information – OTICS Corporation
TABLE 114 Key Information – TFO Corporation
List of Figures
FIG 1 Methodology for the research
FIG 2 Recent strategies and developments: American Axle & Manufacturing, Inc.
FIG 3 Recent strategies and developments: Linamar Corporation