Global Automotive Balance Shaft Market 2018-2022
About automotive balance shaft
Automotive balance shaft is used in the engine to reduce vibration levels caused by the piston movements. This shaft is integral in neutralizing the inertial and reciprocating forces produced forces by the engine when it is running.
Technavio’s analysts forecast the Global automotive balance shaft market to grow at a CAGR of 4.5% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the automotive balance shaft market. To calculate the market size, the report considers the revenue generated from the sales of in-line 3 and in-line 4 cylinders.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Automotive Balance Shaft Market 2018-2022
Technavio recognizes the following companies as the key players in the automotive balance shaft market: American Axle & Manufacturing, SKF, Linamar, Musashi Seimitsu Industry, SHW
Commenting on the report, an analyst from Technavio’s team said: “The developments in field of balancer shafts system will be a key trend for the growth of the market. Manufacturers are innovating the designs and materials used to manufacture automotive balance shafts. To reduce the design complexities and aid in weight reduction, automakers are focusing on improving the designs of single-balancer shifts. Also, they are focusing on combining balancer shafts and oil pumps.
According to the report, the numerous performance benefits associated with use of balance shafts in engines will be a key driver for the market growth. The rising sales volume of vehicles offered with in-line series of engines. Balance shafts offers advances such as determining the overall performance and increasing the efficiency of in-line engine layouts. Also, these shafts enhance smoother engine operation and reduce the proportion of frictional loses.
Further, the report states that the disadvantages due to the additional weight and high replacement costs will challenge the market growth. Inclusion of balance shafts increases the overall engine weight and hampers the fuel efficiency achieved by the balance shaft. Also, balance shafts lowers the oil pressure that hinders the operation of the engine.
American Axle & Manufacturing
Musashi Seimitsu Industry