The North America Automotive Balance Shaft Market would witness market growth of 3.6% CAGR during the forecast period (2021-2027).
The balancing shaft is a sophisticated component of an automobile that requires meticulous design. This is to ensure compatibility with the engines and their systems. The material used to make balancing shafts has a significant impact on the overall weight of the product. Aluminum balancing shafts are used by the majority of original equipment manufacturers (OEMs) for weight reduction and added strength. The second level of vibration is experienced by car engines, particularly those with asymmetric designs. The second level vibration is also experienced by well-balanced engines with asymmetric designs. The automobile balancing shaft is incorporated with the vehicle engines to counteract the engine's vibration effect. When compared to casted balance shafts, forged balance shafts are lighter compact, and have better inherent damping.
As autonomous and connected vehicles grow more common, handling data from vehicles is becoming an increasingly crucial part of ensuring safe and dependable transportation. Canada has the expertise to analyze the big data that connected vehicles are already producing. Canadian companies are collaborating with global OEMs to process massive volumes of data and optimize the performance of entire networks of vehicles, thanks to clusters of commercial and academic quantum computing R&D. Canadian businesses also have the know-how to keep that information safe. Substitute power train advancements are making sure that future automobiles will be greener and cleaner. Companies from throughout Canada are assisting in the development of these technologies. TM4's electric motors are powering heavy and light cars, due to Jeffrey Dahn's lithium-ion energy density research, which led to an exclusive research agreement with Tesla Motors. Hydrogen fuel cell research and development have created a cluster of local startups such as Hydrogenics and Ballard Power Systems, as well as attracting R&D investments from major OEMs.
The US market dominated the North America Automotive Balance Shaft Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $2,535.7 Million by 2027. The Canada market is experiencing a CAGR of 6% during (2021 - 2027). Additionally, The Mexico market would showcase a CAGR of 5.1% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Automotive Balance Shaft Market is Estimated to reach $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
- US
- Canada
- Mexico
- Rest of North America
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
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Automotive Balance Shaft Market, by Manufacturing Process
1.4.2 North America Automotive Balance Shaft Market, by Application
1.4.3 North America Automotive Balance Shaft Market, by Sales Channel
1.4.4 North America Automotive Balance Shaft Market, by Engine Type
1.4.5 North America Automotive Balance Shaft Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Strategies Deployed in Automotive Balance Shaft Market
Chapter 4. North America Automotive Balance Shaft Market by Manufacturing Process
4.1 North America Forging Market by Country
4.2 North America Casting Market by Country
Chapter 5. North America Automotive Balance Shaft Market by Application
5.1 North America Passenger Cars Market by Country
5.2 North America Light Commercial Vehicles Market by Country
5.3 North America Heavy Commercial Vehicles Market by Country
Chapter 6. North America Automotive Balance Shaft Market by Sales Channel
6.1 North America Original Equipment Manufacturer Market by Country
6.2 North America Aftermarket Market by Country
Chapter 7. North America Automotive Balance Shaft Market by Engine Type
7.1 North America Inline 4-cylinder Engine Market by Country
7.2 North America Inline 3-cylinder Engine Market by Country
7.3 North America Inline 5-cylinder Engine Market by Country
7.4 North America V6 Engine Market by Country
Chapter 8. North America Automotive Balance Shaft Market by Country
8.1 US Automotive Balance Shaft Market
8.1.1 US Automotive Balance Shaft Market by Manufacturing Process
8.1.2 US Automotive Balance Shaft Market by Application
8.1.3 US Automotive Balance Shaft Market by Sales Channel
8.1.4 US Automotive Balance Shaft Market by Engine Type
8.2 Canada Automotive Balance Shaft Market
8.2.1 Canada Automotive Balance Shaft Market by Manufacturing Process
8.2.2 Canada Automotive Balance Shaft Market by Application
8.2.3 Canada Automotive Balance Shaft Market by Sales Channel
8.2.4 Canada Automotive Balance Shaft Market by Engine Type
8.3 Mexico Automotive Balance Shaft Market
8.3.1 Mexico Automotive Balance Shaft Market by Manufacturing Process
8.3.2 Mexico Automotive Balance Shaft Market by Application
8.3.3 Mexico Automotive Balance Shaft Market by Sales Channel
8.3.4 Mexico Automotive Balance Shaft Market by Engine Type
8.4 Rest of North America Automotive Balance Shaft Market
8.4.1 Rest of North America Automotive Balance Shaft Market by Manufacturing Process
8.4.2 Rest of North America Automotive Balance Shaft Market by Application
8.4.3 Rest of North America Automotive Balance Shaft Market by Sales Channel
8.4.4 Rest of North America Automotive Balance Shaft Market by Engine Type
Chapter 9. Company Profiles
9.1 American Axle & Manufacturing, Inc.
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Segmental and Regional Analysis
9.1.4 Research & Development Expenses
9.1.5 Recent strategies and developments:
9.1.5.1 Partnerships, Collaborations, and Agreements:
9.1.5.2 Acquisition and Mergers:
9.2 Linamar Corporation
9.2.1 Company Overview
9.2.2 Recent strategies and developments:
9.2.2.1 Partnerships, Collaborations, and Agreements:
9.2.2.2 Acquisition and Mergers:
9.3 Sansera Engineering Limited
9.3.1 Company Overview
9.3.2 Financial Analysis
9.4 Engine Power Components, Inc.
9.4.1 Company Overview
9.5 Hirschvogel Group
9.5.1 Company Overview
9.6 MAT Holding, Inc.
9.6.1 Company Overview
9.7 Musashi Seimitsu Industry Co., Ltd.
9.7.1 Company Overview
9.8 Ningbo Jingda Hardware Manufacture Co., Ltd.
9.8.1 Company Overview
9.9 OTICS Corporation
9.9.1 Company Overview
9.10. TFO Corporation
9.10.1 Company Overview
TABLE 1 North America Automotive Balance Shaft Market, 2017 - 2020, USD Million
TABLE 2 North America Automotive Balance Shaft Market, 2021 - 2027, USD Million
TABLE 3 North America Automotive Balance Shaft Market by Manufacturing Process, 2017 - 2020, USD Million
TABLE 4 North America Automotive Balance Shaft Market by Manufacturing Process, 2021 - 2027, USD Million
TABLE 5 North America Forging Market by Country, 2017 - 2020, USD Million
TABLE 6 North America Forging Market by Country, 2021 - 2027, USD Million
TABLE 7 North America Casting Market by Country, 2017 - 2020, USD Million
TABLE 8 North America Casting Market by Country, 2021 - 2027, USD Million
TABLE 9 North America Automotive Balance Shaft Market by Application, 2017 - 2020, USD Million
TABLE 10 North America Automotive Balance Shaft Market by Application, 2021 - 2027, USD Million
TABLE 11 North America Passenger Cars Market by Country, 2017 - 2020, USD Million
TABLE 12 North America Passenger Cars Market by Country, 2021 - 2027, USD Million
TABLE 13 North America Light Commercial Vehicles Market by Country, 2017 - 2020, USD Million
TABLE 14 North America Light Commercial Vehicles Market by Country, 2021 - 2027, USD Million
TABLE 15 North America Heavy Commercial Vehicles Market by Country, 2017 - 2020, USD Million
TABLE 16 North America Heavy Commercial Vehicles Market by Country, 2021 - 2027, USD Million
TABLE 17 North America Automotive Balance Shaft Market by Sales Channel, 2017 - 2020, USD Million
TABLE 18 North America Automotive Balance Shaft Market by Sales Channel, 2021 - 2027, USD Million
TABLE 19 North America Original Equipment Manufacturer Market by Country, 2017 - 2020, USD Million
TABLE 20 North America Original Equipment Manufacturer Market by Country, 2021 - 2027, USD Million
TABLE 21 North America Aftermarket Market by Country, 2017 - 2020, USD Million
TABLE 22 North America Aftermarket Market by Country, 2021 - 2027, USD Million
TABLE 23 North America Automotive Balance Shaft Market by Engine Type, 2017 - 2020, USD Million
TABLE 24 North America Automotive Balance Shaft Market by Engine Type, 2021 - 2027, USD Million
TABLE 25 North America Inline 4-cylinder Engine Market by Country, 2017 - 2020, USD Million
TABLE 26 North America Inline 4-cylinder Engine Market by Country, 2021 - 2027, USD Million
TABLE 27 North America Inline 3-cylinder Engine Market by Country, 2017 - 2020, USD Million
TABLE 28 North America Inline 3-cylinder Engine Market by Country, 2021 - 2027, USD Million
TABLE 29 North America Inline 5-cylinder Engine Market by Country, 2017 - 2020, USD Million
TABLE 30 North America Inline 5-cylinder Engine Market by Country, 2021 - 2027, USD Million
TABLE 31 North America V6 Engine Market by Country, 2017 - 2020, USD Million
TABLE 32 North America V6 Engine Market by Country, 2021 - 2027, USD Million
TABLE 33 North America Automotive Balance Shaft Market by Country, 2017 - 2020, USD Million
TABLE 34 North America Automotive Balance Shaft Market by Country, 2021 - 2027, USD Million
TABLE 35 US Automotive Balance Shaft Market, 2017 - 2020, USD Million
TABLE 36 US Automotive Balance Shaft Market, 2021 - 2027, USD Million
TABLE 37 US Automotive Balance Shaft Market by Manufacturing Process, 2017 - 2020, USD Million
TABLE 38 US Automotive Balance Shaft Market by Manufacturing Process, 2021 - 2027, USD Million
TABLE 39 US Automotive Balance Shaft Market by Application, 2017 - 2020, USD Million
TABLE 40 US Automotive Balance Shaft Market by Application, 2021 - 2027, USD Million
TABLE 41 US Automotive Balance Shaft Market by Sales Channel, 2017 - 2020, USD Million
TABLE 42 US Automotive Balance Shaft Market by Sales Channel, 2021 - 2027, USD Million
TABLE 43 US Automotive Balance Shaft Market by Engine Type, 2017 - 2020, USD Million
TABLE 44 US Automotive Balance Shaft Market by Engine Type, 2021 - 2027, USD Million
TABLE 45 Canada Automotive Balance Shaft Market, 2017 - 2020, USD Million
TABLE 46 Canada Automotive Balance Shaft Market, 2021 - 2027, USD Million
TABLE 47 Canada Automotive Balance Shaft Market by Manufacturing Process, 2017 - 2020, USD Million
TABLE 48 Canada Automotive Balance Shaft Market by Manufacturing Process, 2021 - 2027, USD Million
TABLE 49 Canada Automotive Balance Shaft Market by Application, 2017 - 2020, USD Million
TABLE 50 Canada Automotive Balance Shaft Market by Application, 2021 - 2027, USD Million
TABLE 51 Canada Automotive Balance Shaft Market by Sales Channel, 2017 - 2020, USD Million
TABLE 52 Canada Automotive Balance Shaft Market by Sales Channel, 2021 - 2027, USD Million
TABLE 53 Canada Automotive Balance Shaft Market by Engine Type, 2017 - 2020, USD Million
TABLE 54 Canada Automotive Balance Shaft Market by Engine Type, 2021 - 2027, USD Million
TABLE 55 Mexico Automotive Balance Shaft Market, 2017 - 2020, USD Million
TABLE 56 Mexico Automotive Balance Shaft Market, 2021 - 2027, USD Million
TABLE 57 Mexico Automotive Balance Shaft Market by Manufacturing Process, 2017 - 2020, USD Million
TABLE 58 Mexico Automotive Balance Shaft Market by Manufacturing Process, 2021 - 2027, USD Million
TABLE 59 Mexico Automotive Balance Shaft Market by Application, 2017 - 2020, USD Million
TABLE 60 Mexico Automotive Balance Shaft Market by Application, 2021 - 2027, USD Million
TABLE 61 Mexico Automotive Balance Shaft Market by Sales Channel, 2017 - 2020, USD Million
TABLE 62 Mexico Automotive Balance Shaft Market by Sales Channel, 2021 - 2027, USD Million
TABLE 63 Mexico Automotive Balance Shaft Market by Engine Type, 2017 - 2020, USD Million
TABLE 64 Mexico Automotive Balance Shaft Market by Engine Type, 2021 - 2027, USD Million
TABLE 65 Rest of North America Automotive Balance Shaft Market, 2017 - 2020, USD Million
TABLE 66 Rest of North America Automotive Balance Shaft Market, 2021 - 2027, USD Million
TABLE 67 Rest of North America Automotive Balance Shaft Market by Manufacturing Process, 2017 - 2020, USD Million
TABLE 68 Rest of North America Automotive Balance Shaft Market by Manufacturing Process, 2021 - 2027, USD Million
TABLE 69 Rest of North America Automotive Balance Shaft Market by Application, 2017 - 2020, USD Million
TABLE 70 Rest of North America Automotive Balance Shaft Market by Application, 2021 - 2027, USD Million
TABLE 71 Rest of North America Automotive Balance Shaft Market by Sales Channel, 2017 - 2020, USD Million
TABLE 72 Rest of North America Automotive Balance Shaft Market by Sales Channel, 2021 - 2027, USD Million
TABLE 73 Rest of North America Automotive Balance Shaft Market by Engine Type, 2017 - 2020, USD Million
TABLE 74 Rest of North America Automotive Balance Shaft Market by Engine Type, 2021 - 2027, USD Million
TABLE 75 Key Information – American Axle & Manufacturing, Inc.
TABLE 76 Key Information – Linamar Corporation
TABLE 77 Key Information – Sansera Engineering Limited
TABLE 78 Key Information – Engine Power Components, Inc.
TABLE 79 Key Information – Hirschvogel Group
TABLE 80 Key Information – MAT Holding, Inc.
TABLE 81 Key Information – Musashi Seimitsu Industry Co., Ltd.
TABLE 82 Key Information – Ningbo Jingda Hardware Manufacture Co., Ltd.
TABLE 83 Key Information – OTICS Corporation
TABLE 84 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