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Automotive Balance Shaft Market by Manufacturing Process (Forging and Casting), Engine Type (Inline-3 Cylinder Engine, Inline-4 Cylinder Engine, Inline-5 Cylinder Engine, and V6 Engine), and Vehicle Type (Passenger Cars, Light Commercial Vehicle, and Heavy Commercial Vehicle) - Global Opportunity Analysis and Industry Forecast, 2017-2023

AU_17993
Pages: 130
Sep 2017 | 2742 Views
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Author's : Seapee Bajaj
Tables: 42
Charts: 23
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Automotive Balance Shaft Market Overview:

Specific automotive engines with asymmetric design exhibit a second level of engine vibration, even when the engine is well-balanced. An automotive balance shaft is integrated to offset the vibrations created by the engine. A balance shaft is manufactured by either casting or forging. Forging involves shaping the shaft from a steel bar, through roll forging. It is noted that forged balance shafts are lighter, compact, and can inherent damping more effectively in comparison with casted balance shafts.

Rising demand for the Inline-4 Cylinder Engine especially in the Asia-Pacific region has played a vital role in driving the automotive balance shaft market. Further, the need for eco-friendly automobiles is increasing, owing to the strict government emission policies. However, demand for electric vehicle has hampered the growth of the automotive balance shaft market to a greater extent. On the other hand, pressure over the manufacturers to integrate balance shafts in automobiles to provide engines with reduced vibration, noise and vibration is likely to create greater opportunities for the key players operating in automotive balance shaft market.

Significant players operating in the automotive balance shaft market are American Axle & Manufacturing Holdings, Inc., LACO, Mitec-jebsen Automotive Systems (Dalian) Co Ltd, Musashi Seimitsu Industry Co., Ltd., Ningbo Jingda Hardware Manufacture Co., Ltd., Otics Corporation, Sansera Engineering Pvt. Ltd, SHW AG, SKF Group AB, and TFO Corporation.

Segment Overview

The automotive balance shaft market is segmented based on engine type, manufacturing process, vehicle type, and geography. The engine type covered in the market research report include Inline-3 Cylinder Engine, Inline-4 Cylinder Engine, Inline-5 Cylinder Engine, and V6 engine. The manufacturing processes discussed in the study are forged and cast processes. The types of vehicle are passenger cars, light commercial vehicle (LCV), heavy commercial vehicle (HCV), and others. The regions considered in the study of automotive balance shaft market are North America, Europe, Asia-Pacific, and LAMEA.

AUTOMOTIVE BALANCE SHAFT MARKET SEGMENT OVERVIEW

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Top Impacting Factors

Factors that are expected to impact the global automotive balance shaft market during the forecast period are rise in demand for the Inline-4-cylinder engine, low carbon emissions, and fuel efficiency. However, demand for electric vehicle is expected to impede the growth of automotive balance shaft market during the forecast period.

Rise in Demand for the Inline-4-cylinder Engine

Inline-4 cylinder is one of the most common engines. It is small and compact as it easily fits in nearly every engine bay. It’s also lightweight, and with only one exhaust manifold, weight is further reduced. In addition, superior fuel economy, affordable nature, is generating the demand for Inline-4 cylinder engine. Moreover, engine designs such as turbocharged 4-cylinder engine offers great power as well as miles per gallon. Until recently, it was standard practice for mainstream 4-cylinder vehicles to feature an optional, extra-cost V6. But with fuel economy taking center stage, many automakers have replaced those V6s with turbocharged 4-cylinders that make V6-like power but get more miles per gallon. Hyundai started this trend with the current Sonata; others have followed suit, including Chevrolet with the new Malibu. Notably, turbo 4-cylinders are spreading to luxury cars, as well. Even BMW has dropped the 328i's iconic 6-cylinder engine in favor of a turbo 4-cylinder in JAN 2017. Thus, such rise in demand for the Inline-4-cylinder engine is propelling the growth of automotive balance shaft market.

Low Carbon Emissions & Fuel Efficiency

Presently, reductions in emissions and fuel efficiency gains majorly drive the R&D segment in the automotive industry. Stringent global emission standards, volatile fuel prices, and enhanced environmental awareness globally are encouraging original equipment manufacturers (OEMs), governments, suppliers, and other stakeholders to provide feasible solutions within a set time frame. Furthermore, the technologies which help OEMs to meet the various emission & fuel economy standards have assumed a significant role in branding. For instance, in the U.S., the regulatory bar calls for new cars and trucks to average at least 34.1 m.p.g. by 2016, a level that would result in emissions of 250 grams of carbon dioxide per mile driven. Thus, demand for high gas-mileage & lower emission levels within set standards is on an increase, which fuels the automotive balance shaft market growth.

Demand for Electric Vehicle

A battery electric car has no engine, it has only a motor, battery, and inverter, but its real advantage is torque (instant power available on demand). It does not require warming up, which makes them much efficient as compared to traditional vehicles. Also, there is no need for a gearbox as the power is delivered instantly. In addition, there is no oil to change or exhaust rattle. Furthermore, the vehicle’s computer system has a number of complex algorithms to sync up the wheels and to ensure the vehicle drives smoothly and handles well. Using such input from the steering wheel, brake, and gas pedal it also analyzes data as often as 100 times per second. These features fuel the rise in demand of the electric vehicle, which in turn hampers the automotive balance shaft market growth.

Key Benefits

  • This study comprises analytical depiction of the global automotive balance shaft market with current trends and future estimations to depict the imminent investment pockets.
  • The overall market potential is determined to understand the profitable trends to gain a stronger foothold.
  • The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
  • The current automotive balance shaft market is quantitatively analyzed from 2017 to 2023 to highlight the financial competency of the automotive balance shaft market.
  • Porter’s Five Forces analysis illustrates the potency of the buyers and suppliers in the industry.

Automotive Balance Shaft Market Key Segments:

  • Forge
  • Cast

By Manufacturing Process

  • Passenger Cars
  • Light Commercial Vehicles
  • High Commercial Vehicles

By Engine Type

  • Inline-3 Cylinder Engine
  • Inline-4 Cylinder Engine
  • Inline-5 Cylinder Engine
  • V6 Engine

By Vehicle Type

  • Passenger Cars
  • Light Commercial Vehicles
  • High Commercial Vehicles

By End User

  • Commercial
  • Industrial
  • Defense
  • Others (Government, Retail, Entertainment, and Transportation)

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa

Key Market Players Profiled

  • American Axle & Manufacturing Holdings, Inc.
  • LACO
  • Mitec-jebsen Automotive Systems (Dalian) Co Ltd
  • Musashi Seimitsu Industry Co., Ltd.
  • Ningbo Jingda Hardware Manufacture Co., Ltd.
  • Otics Corporation
  • Sansera Engineering Pvt. Ltd
  • SHW AG,
  • SKF Group AB,
  • TFO Corporation
 

Chapter: 1 INTRODUCTION

1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS FOR STAKEHOLDERS
1.3. KEY MARKET SEGMENTS
1.4. RESEARCH METHODOLOGY

1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models

Chapter: 2 EXECUTIVE SUMMARY

2.1. CXO PERSPECTIVES

Chapter: 3 MARKET OVERVIEW

3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS

3.2.1. Top impacting factors
3.2.2. Regional concentration of manufacturers operating in the market
3.2.3. Top investment pockets

3.3. PORTER’S FIVE FORCES ANALYSIS

3.3.1. Moderate bargaining power of suppliers
3.3.2. High-to-moderate threat of new entrants
3.3.3. Moderate threat of substitutes
3.3.4. High intensity of rivalry
3.3.5. High bargaining power of buyers

3.4. KEY MARKET PLAYER POSITIONING, 2016
3.5. MARKET DYNAMICS

3.5.1. Drivers

3.5.1.1. Rise in demand for the Inline-4 cylinder engine
3.5.1.2. Low carbon emissions & fuel efficiency
3.5.1.3. Growth in unit production in the automotive industry

3.5.2. Restraints

3.5.2.1. Demand for electric vehicle

3.5.3. Opportunities

3.5.3.1. Increase in vehicle demand
3.5.3.2. Development of optimized balance shafts

Chapter: 4 AUTOMOTIVE BALANCE SHAFT MARKET, BY MANUFACTURING PROCESS

4.1. OVERVIEW
4.2. FORGING

4.2.1. Key market trends
4.2.2. Key growth factors and opportunities
4.2.3. Market size and forecast

4.3. CASTING

4.3.1. Key market trends
4.3.2. Key growth factors and opportunities
4.3.3. Market size and forecast

Chapter: 5 AUTOMOTIVE BALANCE SHAFT MARKET, BY ENGINE TYPE

5.1. OVERVIEW
5.2. INLINE-3 CYLINDER ENGINE

5.2.1. Key market trends
5.2.2. Key growth factors and opportunities
5.2.3. Market size and forecast

5.3. INLINE-4 CYLINDER ENGINE

5.3.1. Key market trends
5.3.2. Key growth factors and opportunities
5.3.3. Market size and forecast

5.4. INLINE-5 CYLINDER ENGINE

5.4.1. Key market trends
5.4.2. Key growth factors and opportunities
5.4.3. Market size and forecast

5.5. V6 ENGINE

5.5.1. Key market trends
5.5.2. Key growth factors and opportunities
5.5.3. Market size and forecast

Chapter: 6 AUTOMOTIVE BALANCE SHAFT MARKET, BY VEHICLE TYPE

6.1. OVERVIEW
6.2. PASSENGER CARS

6.2.1. Key market trends
6.2.2. Key growth factors and opportunities
6.2.3. Market size and forecast

6.3. LCV

6.3.1. Key market trends
6.3.2. Key growth factors and opportunities
6.3.3. Market size and forecast

6.4. HCV

6.4.1. Key market trends
6.4.2. Key growth factors and opportunities
6.4.3. Market size and forecast

Chapter: 7 AUTOMOTIVE BALANCE SHAFT MARKET, BY GEOGRAPHY

7.1. OVERVIEW
7.2. NORTH AMERICA

7.2.1. Key market trends
7.2.2. Key growth factors and opportunities
7.2.3. Market size and forecast, by country
7.2.4. Market size and forecast, by vehicle type
7.2.5. U.S.

7.2.5.1. Market size and forecast

7.2.6. Canada

7.2.6.1. Market size and forecast

7.2.7. Mexico

7.2.7.1. Market size and forecast

7.3. EUROPE

7.3.1. Key market trends
7.3.2. Key growth factors and opportunities
7.3.3. Market size and forecast, by country
7.3.4. Market size and forecast, by vehicle type
7.3.5. Germany

7.3.5.1. Market size and forecast

7.3.6. UK

7.3.6.1. Market size and forecast

7.3.7. France

7.3.7.1. Market size and forecast

7.3.8. Rest of Europe

7.3.8.1. Market size and forecast

7.4. ASIA-PACIFIC

7.4.1. Key market trends
7.4.2. Key growth factors and opportunities
7.4.3. Market size and forecast, by country
7.4.4. Market size and forecast, by vehicle type
7.4.5. China

7.4.5.1. Market size and forecast

7.4.6. Japan

7.4.6.1. Market size and forecast

7.4.7. India

7.4.7.1. Market size and forecast

7.4.8. Rest of Asia-Pacific

7.4.8.1. Market size and forecast

7.5. LAMEA

7.5.1. Key market trends
7.5.2. Key growth factors and opportunities
7.5.3. Market size and forecast, by region
7.5.4. Market size and forecast, by vehicle type
7.5.5. Latin America

7.5.5.1. Market size and forecast

7.5.6. The Middle East

7.5.6.1. Market size and forecast

7.5.7. Africa

7.5.7.1. Market size and forecast

Chapter: 8 COMPANY PROFILES

8.1. AMERICAN AXLE & MANUFACTURING HOLDINGS, INC. (METALDYNE PERFORMANCE GROUP INC.)

8.1.1. Company overview
8.1.2. Operating business segments
8.1.3. Product portfolio
8.1.4. Business performance
8.1.5. Key strategic moves and developments

8.2. LACO

8.2.1. Company overview
8.2.2. Company snapshot
8.2.3. Operating business segments

8.3. MITEC-JEBSEN AUTOMOTIVE SYSTEMS (DALIAN) CO LTD

8.3.1. Company overview
8.3.2. Company snapshot
8.3.3. Operating business segments
8.3.4. Product portfolio
8.3.5. Key strategic moves and developments

8.4. MUSASHI SEIMITSU INDUSTRY CO., LTD

8.4.1. Company overview
8.4.2. Company snapshot
8.4.3. Operating business segments
8.4.4. Product portfolio
8.4.5. Business performance

8.5. NINGBO JINGDA HARDWARE MANUFACTURE CO., LTD.

8.5.1. Company overview
8.5.2. Company snapshot
8.5.3. Operating business segments
8.5.4. Product portfolio

8.6. OTICS CORPORATION

8.6.1. Company overview
8.6.2. Company snapshot
8.6.3. Operating business segments
8.6.4. Product portfolio

8.7. SANSERA ENGINEERING PVT. LTD

8.7.1. Company overview
8.7.2. Company snapshot
8.7.3. Operating business segments
8.7.4. Product portfolio

8.8. SHW AG

8.8.1. Company overview
8.8.2. Company snapshot
8.8.3. Operating business segments
8.8.4. Product portfolio
8.8.5. Business performance

8.9. SKF GROUP AB

8.9.1. Company overview
8.9.2. Company snapshot
8.9.3. Operating business segments
8.9.4. Product portfolio
8.9.5. Business performance

8.10. TFO CORPORATION

8.10.1. Company overview
8.10.2. Company snapshot
8.10.3. Operating business segments

LIST OF TABLES

TABLE 1. GLOBAL AUTOMOTIVE BALANCE SHAFT MARKET REVENUE, BY MANUFACTURING PROCESS, 2016-2023($MILLION)
TABLE 2. FORGING MARKET REVENUE, BY GEOGRAPHY, 2016-2023($MILLION)
TABLE 3. CASTING MARKET REVENUE, BY GEOGRAPHY, 2016-2023($MILLION)
TABLE 4. GLOBAL AUTOMOTIVE BALANCE SHAFT MARKET REVENUE, BY ENGINE TYPE, 2016-2023($MILLION)
TABLE 5. INLINE-3 CYLINDER ENGINE MARKET REVENUE, BY GEOGRAPHY, 2016-2023($MILLION)
TABLE 6. INLINE-4 CYLINDER ENGINE MARKET REVENUE, BY GEOGRAPHY, 2016-2023($MILLION)
TABLE 7. INLINE-5 CYLINDER ENGINE MARKET REVENUE, BY GEOGRAPHY, 2016-2023($MILLION)
TABLE 8. V6 ENGINE MARKET REVENUE, BY GEOGRAPHY, 2016-2023($MILLION)
TABLE 9. GLOBAL AUTOMOTIVE BALANCE SHAFT MARKET REVENUE, BY VEHICLE TYPE, 2016-2023($MILLION)
TABLE 10. PASSENGER CAR MARKET REVENUE, BY GEOGRAPHY, 2016-2023($MILLION)
TABLE 11. LCV MARKET REVENUE, BY GEOGRAPHY, 2016-2023($MILLION)
TABLE 12. HCV MARKET REVENUE, BY GEOGRAPHY, 2016-2023($MILLION)
TABLE 13. AUTOMOTIVE BALANCE SHAFT MARKET REVENUE, BY GEOGRAPHY, 2016-2023 ($MILLION)
TABLE 14. NORTH AMERICAN AUTOMOTIVE BALANCE SHAFT MARKET REVENUE, BY VEHICLE TYPE, 2016-2023 ($MILLION)
TABLE 15. NORTH AMERICAN AUTOMOTIVE BALANCE SHAFT MARKET REVENUE, BY COUNTRY, 2016-2023 ($MILLION)
TABLE 16. U.S. AUTOMOTIVE BALANCE SHAFT MARKET REVENUE, 2016-2023 ($MILLION)
TABLE 17. CANADA AUTOMOTIVE BALANCE SHAFT MARKET REVENUE, 2016-2023 ($MILLION)
TABLE 18. MEXICO AUTOMOTIVE BALANCE SHAFT MARKET REVENUE, 2016-2023 ($MILLION)
TABLE 19. EUROPE AUTOMOTIVE BALANCE SHAFT MARKET REVENUE, BY VEHICLE TYPE, 2016-2023 ($MILLION)
TABLE 20. EUROPE AUTOMOTIVE BALANCE SHAFT MARKET REVENUE, BY COUNTRY, 2016-2023 ($MILLION)
TABLE 21. GERMANY AUTOMOTIVE BALANCE SHAFT MARKET REVENUE, 2016-2023 ($MILLION)
TABLE 22. UK AUTOMOTIVE BALANCE SHAFT MARKET REVENUE, 2016-2023 ($MILLION)
TABLE 23. FRANCE AUTOMOTIVE BALANCE SHAFT MARKET REVENUE, 2016-2023 ($MILLION)
TABLE 24. REST OF EUROPE AUTOMOTIVE BALANCE SHAFT MARKET REVENUE, 2016-2023 ($MILLION)
TABLE 25. ASIA-PACIFIC AUTOMOTIVE BALANCE SHAFT MARKET REVENUE, BY VEHICLE TYPE, 2016-2023 ($MILLION)
TABLE 26. ASIA-PACIFIC AUTOMOTIVE BALANCE SHAFT MARKET REVENUE, BY COUNTRY, 2016-2023 ($MILLION)
TABLE 27. CHINA AUTOMOTIVE BALANCE SHAFT MARKET REVENUE, 2016-2023 ($MILLION)
TABLE 28. JAPAN AUTOMOTIVE BALANCE SHAFT MARKET REVENUE , 2016-2023 ($MILLION)
TABLE 29. INDIA AUTOMOTIVE BALANCE SHAFT MARKET REVENUE, 2016-2023 ($MILLION)
TABLE 30. REST OF ASIA-PACIFIC AUTOMOTIVE BALANCE SHAFT MARKET REVENUE, 2016-2023 ($MILLION)
TABLE 31. LAMEA AUTOMOTIVE BALANCE SHAFT MARKET REVENUE, BY VEHICLE TYPE, 2016-2023 ($MILLION)
TABLE 32. LAMEA AUTOMOTIVE BALANCE SHAFT MARKET REVENUE, BY REGION, 2016-2023 ($MILLION)
TABLE 33. LATIN AMERICA AUTOMOTIVE BALANCE SHAFT MARKET REVENUE, 2016-2023 ($MILLION)
TABLE 34. MIDDLE EAST AUTOMOTIVE BALANCE SHAFT MARKET REVENUE, 2016-2023 ($MILLION)
TABLE 35. AFRICA AUTOMOTIVE BALANCE SHAFT MARKET REVENUE, 2016-2023 ($MILLION)
TABLE 36. AMERICAN AXLE & MANUFACTURING HOLDINGS, INC: COMPANY SNAPSHOT
TABLE 37. AMERICAN AXLE & MANUFACTURING HOLDINGS, INC: OPERATING SEGMENTS
TABLE 38. AMERICAN AXLE & MANUFACTURING HOLDINGS, INC: PRODUCT PORTFOLIO
TABLE 39. LACO: COMPANY SNAPSHOT
TABLE 40. LACO: OPERATING SEGMENTS
TABLE 41. MITEC-JEBSEN AUTOMOTIVE SYSTEMS (DALIAN) CO LTD: COMPANY SNAPSHOT
TABLE 42. MITEC-JEBSEN AUTOMOTIVE SYSTEMS (DALIAN) CO LTD: OPERATING SEGMENTS
TABLE 43. MITEC-JEBSEN AUTOMOTIVE SYSTEMS (DALIAN) CO LTD: PRODUCT PORTFOLIO
TABLE 44. MUSASHI SEIMITSU INDUSTRY CO., LTD: COMPANY SNAPSHOT
TABLE 45. MUSASHI SEIMITSU INDUSTRY CO., LTD: OPERATING SEGMENTS
TABLE 46. MUSASHI SEIMITSU INDUSTRY CO., LTD: PRODUCT PORTFOLIO
TABLE 47. CHINA NINGBO JINGDA HARDWARE MANUFACTURE CO., LTD: COMPANY SNAPSHOT
TABLE 48. CHINA NINGBO JINGDA HARDWARE MANUFACTURE CO., LTD: OPERATING SEGMENTS
TABLE 49. CHINA NINGBO JINGDA HARDWARE MANUFACTURE CO., LTD: PRODUCT PORTFOLIO
TABLE 50. OTICS CORPORATION: COMPANY SNAPSHOT
TABLE 51. OTICS CORPORATION: OPERATING SEGMENTS
TABLE 52. OTICS CORPORATION: PRODUCT PORTFOLIO
TABLE 53. SANSERA ENGINEERING PVT. LTD: COMPANY SNAPSHOT
TABLE 54. SANSERA ENGINEERING PVT. LTD: OPERATING SEGMENTS
TABLE 55. SANSERA ENGINEERING PVT. LTD: PRODUCT PORTFOLIO
TABLE 56. SHW AG: COMPANY SNAPSHOT
TABLE 57. SHW AG: OPERATING SEGMENTS
TABLE 58. SHW AG: PRODUCT PORTFOLIO
TABLE 59. SKF GROUP AB: COMPANY SNAPSHOT
TABLE 60. SKF GROUP AB: OPERATING SEGMENTS
TABLE 61. SKF GROUP AB: PRODUCT PORTFOLIO
TABLE 62. TFO CORPORATION: COMPANY SNAPSHOT
TABLE 63. TFO CORPORATION: OPERATING SEGMENTS

LIST OF FIGURES

FIGURE 1. MARKET SEGMENTATION
FIGURE 2. EXECUTIVE SUMMARY
FIGURE 3. REGIONAL CONCENTRATION OF MANUFACTURERS OPERATING IN THE MARKET (%)
FIGURE 4. TOP INVESTMENT POCKETS (2016)
FIGURE 5. KEY PLAYER POSITIONING OF AUTOMOTIVE BALANCE SHAFT COMPANIES, 2016
FIGURE 6. REGIONAL VEHICLE PRODUCTION STATISTICS, 2015 (%)
FIGURE 7. GLOBAL AUTOMOTIVE BALANCE SHAFT MARKET, BY MANUFACTURING PROCESS, 2016-2023
FIGURE 8. GLOBAL AUTOMOTIVE BALANCE SHAFT MARKET, BY ENGINE TYPE, 2016-2023
FIGURE 9. GLOBAL AUTOMOTIVE BALANCE SHAFT MARKET, BY VEHICLE TYPE (2016-2023)
FIGURE 10. NORTH AMERICAN AUTOMOTIVE BALANCE SHAFT MARKET SHARE, BY COUNTRY, 2016-2023 (%)
FIGURE 11. EUROPE AUTOMOTIVE BALANCE SHAFT MARKET SHARE, BY COUNTRY, 2016-2023 (%)
FIGURE 12. ASIA-PACIFIC AUTOMOTIVE BALANCE SHAFT MARKET SHARE, BY COUNTRY, 2016-2023 (%)
FIGURE 13. LAMEA AUTOMOTIVE BALANCE SHAFT MARKET SHARE, BY REGION, 2016-2023 (%)
FIGURE 14. AMERICAN AXLE & MANUFACTURING HOLDINGS, INC: REVENUE, 2014-2016 ($MILLION)
FIGURE 15. AMERICAN AXLE & MANUFACTURING HOLDINGS, INC: REVENUE SHARE BY PRODUCT, 2016 (%)
FIGURE 16. AMERICAN AXLE & MANUFACTURING HOLDINGS, INC: REVENUE SHARE BY GEOGRAPHY, 2016 (%)
FIGURE 17. MUSASHI SEIMITSU INDUSTRY CO., LTD: REVENUE, 2015-2017 ($MILLION)
FIGURE 18. SHW AG: REVENUE, 2014-2016 ($MILLION)
FIGURE 19. SHW AG: REVENUE SHARE BY SEGMENT, 2016 (%)
FIGURE 20. SHW AG: REVENUE SHARE BY GEOGRAPHY, 2016 (%)
FIGURE 21. SKF GROUP AB: REVENUE, 2014-2016 ($MILLION)
FIGURE 22. SKF GROUP AB: REVENUE SHARE BY SEGMENT, 2016 (%)
FIGURE 23. SKF GROUP AB: REVENUE SHARE BY GEOGRAPHY, 2016 (%)

 

Eccentric weighted shaft (balance shaft) is known to offset vibrations in an engine design not immanently balanced. Furthermore, the shaft vibrates and rotates in a way that can lower the vibration. These shafts are the most complicated part that need to be developed precisely to ensure its compatibility with the automobile engine.

The global automotive balance shaft market is expected to witness high growth rate due to rise in demand for the Inline-4 cylinder engine, low carbon emissions & fuel efficiency, and growth in unit production in the automotive industry.

American Axle & Manufacturing Holdings, Inc., LACO, Mitec-Jebsen Automotive Systems (Dalian) Co Ltd, Musashi Seimitsu Industry Co., Ltd., Ningbo Jingda Hardware Manufacture Co., Ltd., Otics Corporation, Sansera Engineering Pvt. Ltd, SHW AG, SKF Group AB, and TFO Corporation are key market players that occupy a significant revenue share in the automotive balance shaft market.

 

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