Automotive Balance Shaft Market Share 2021: Global Trends, Key Players, Industry Analysis Report to 2027

Automotive Balance Shaft Market is expected to grow at a significant CAGR in the period from 2021 to 2027. Automobile manufacturers are working on attaining fuel efficiency by adding efficient combustion technologies as environmental concerns take precedence. Government laws aimed at reducing greenhouse gas emissions and carbon footprint are fueling this trend. Furthermore, the Global Fuel Economy Initiative (GFEI), with its “100 for 50 by 50” approach, is reinforcing efforts to improve fuel economy. This forum, which was launched prior of COP-21, aims to attain a worldwide fuel economy of at least 50% by 2050, resulting in a reduction of over 2 gigatons of carbon emissions.

Automotive original equipment manufacturers are incorporating balance shafts into vehicles to provide engines with reduced/non-existent noise, vibration, and harshness. All of the aforementioned factors are propelling the worldwide balance shaft market forward.

The following Segmentation are covered in this report:

By Manufacturing Process

• Forged Balance Shaft
• Cast Balance Shaft

By Engine Type

• Inline-3 Cylinder Engine
• Inline-4 Cylinder Engine
• Inline-5 Cylinder Engine

By Region

North America:

• US
• Canada

Europe:

• France
• Italy
• Germany
• UK
• Rest of Europe

Asia Pacific:

• India
• China
• Japan
• Australia
• Rest of APAC

Scope of the Report

The research study analyses the global Automotive Balance Shaft  industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments

• Market Overview and growth analysis
• Import and Export Overview
• Volume Analysis
• Current Market Trends and Future Outlook
• Market Opportunistic and Attractive Investment Segment

Geographic Coverage

• North America Market Size and/or Volume
• Latin America Market Size and/or Volume
• Europe Market Size and/or Volume
• Asia-Pacific Market Size and/or Volume
• Rest of the world Market Size and/or Volume

Key Questions Answered by Automotive Balance Shaft  Market Report

• What was the Automotive Balance Shaft  Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027).
• What will be the CAGR of Automotive Balance Shaft  Market during the forecast period (2021-2027)?
• Which segments (product type/applications/end-user) were most attractive for investments in 2018? How these segments are expected to grow during the forecast period (2021-2027).
• Which manufacturer/vendor/players in the Automotive Balance Shaft  Market was the market leader in 2020?
• Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.