Summary

The global automotive balance shaft market size reached USD 15.6 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 22.7 Billion by 2033, exhibiting a growth rate (CAGR) of 4.06% during 2025-2033.

An automotive balance shaft is fitted into an internal combustion engine (ICE) to reduce vibration by canceling unbalanced dynamic forces. It has eccentric weights that eliminate the need to balance the engine components while ensuring smooth operations. Nowadays, forged balance shafts are gaining adoption around the world on account of their compact dimension and effective inherent damping.

Automotive Balance Shaft Market Trends:
The boosting sales of passenger vehicles worldwide on account of rapid urbanization and inflating income levels represent one of the major factors bolstering the market growth. Automotive balance shafts help reduce engine noise, vibration, and harshness and ensure passenger comfort. Apart from this, the rising use of commercial vehicles, such as buses, trucks, taxicabs, trailers, and vans, in transportation and logistics is influencing the market positively. Moreover, the emerging trend of online shopping, along with the expanding global trade, is propelling the utilization of commercial vehicles in logistics for shipments. This, in turn, is contributing to the market growth. Additionally, the growing working population is driving the need for interconnected mobility solutions that reduce road traffic and commute times and provide diverse travel options. This is offering lucrative opportunities to manufacturers for expanding their product portfolio and retaining a competitive edge in the market. Furthermore, stringent policies implemented by governing agencies of numerous countries to minimize greenhouse gas (GHG) emissions from vehicles are impelling the market growth. This is also encouraging automotive original equipment manufacturers (OEMs) to incorporate balance shafts and improve fuel efficiency, thermal efficiency, and energy savings of vehicles. Besides this, market players are focusing on improving the design and efficiency of balance shafts, which is anticipated to stimulate the market growth.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global automotive balance shaft market report, along with forecasts at the global, regional and country level from 2025-2033. Our report has categorized the market based on vehicle type, manufacturing process, and engine type.
Breakup by Vehicle Type:
? Passenger Cars
? Light Commercial Vehicle
? Heavy Commercial Vehicle

Breakup by Manufacturing Process:
? Forging
? Casting

Breakup by Engine Type:
? Inline-3 Cylinder Engine
? Inline-4 Cylinder Engine
? Inline-5 Cylinder Engine
? V6 Engine

Breakup by Region:
? North America
o United States
o Canada
? Asia-Pacific
o China
o Japan
o India
o South Korea
o Australia
o Indonesia
o Others
? Europe
o Germany
o France
o United Kingdom
o Italy
o Spain
o Russia
o Others
? Latin America
o Brazil
o Mexico
o Others
? Middle East and Africa


Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being AB SKF, American Axle & Manufacturing Inc., Engine Power Components Inc., Hirschvogel Automotive Group, MarkLines Co. Ltd., Musashi Seimitsu Industry Co. Ltd., Ningbo Jingda Hardware Manufacture Co. Ltd., OTICS USA Inc. (OTICS Corporation), Sansera Engineering Limited, SHW AG and TFO Corporation.

Key Questions Answered in This Report:
? How has the global automotive balance shaft market performed so far and how will it perform in the coming years?
? What has been the impact of COVID-19 on the global automotive balance shaft market?
? What are the key regional markets?
? What is the breakup of the market based on the vehicle type?
? What is the breakup of the market based on the manufacturing process?
? What is the breakup of the market based on the engine type?
? What are the various stages in the value chain of the industry?
? What are the key driving factors and challenges in the industry?
? What is the structure of the global automotive balance shaft market and who are the key players?
? What is the degree of competition in the industry?

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Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Automotive Balance Shaft Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Vehicle Type
6.1 Passenger Cars
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Light Commercial Vehicle
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Heavy Commercial Vehicle
6.3.1 Market Trends
6.3.2 Market Forecast
7 Market Breakup by Manufacturing Process
7.1 Forging
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Casting
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by Engine Type
8.1 Inline-3 Cylinder Engine
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Inline-4 Cylinder Engine
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Inline-5 Cylinder Engine
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 V6 Engine
8.4.1 Market Trends
8.4.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 AB SKF
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.1.3 Financials
14.3.2 American Axle & Manufacturing Inc.
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.2.3 Financials
14.3.2.4 SWOT Analysis
14.3.3 Engine Power Components Inc.
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.4 Hirschvogel Automotive Group
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.5 MarkLines Co. Ltd.
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.5.3 Financials
14.3.6 Musashi Seimitsu Industry Co. Ltd.
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.6.3 Financials
14.3.7 Ningbo Jingda Hardware Manufacture Co. Ltd.
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.8 OTICS USA Inc. (OTICS Corporation)
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.9 Sansera Engineering Limited
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.10 SHW AG
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.10.3 Financials
14.3.11 TFO Corporation
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio

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List of Tables/Graphs

List of Figures

?Figure 1: Global: Automotive Balance Shaft Market: Major Drivers and Challenges
Figure 2: Global: Automotive Balance Shaft Market: Sales Value (in Billion USD), 2019-2024
Figure 3: Global: Automotive Balance Shaft Market Forecast: Sales Value (in Billion USD), 2025-2033
Figure 4: Global: Automotive Balance Shaft Market: Breakup by Vehicle Type (in %), 2024
Figure 5: Global: Automotive Balance Shaft Market: Breakup by Manufacturing Process (in %), 2024
Figure 6: Global: Automotive Balance Shaft Market: Breakup by Engine Type (in %), 2024
Figure 7: Global: Automotive Balance Shaft Market: Breakup by Region (in %), 2024
Figure 8: Global: Automotive Balance Shaft (Passenger Cars) Market: Sales Value (in Million USD), 2019 & 2024
Figure 9: Global: Automotive Balance Shaft (Passenger Cars) Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 10: Global: Automotive Balance Shaft (Light Commercial Vehicle) Market: Sales Value (in Million USD), 2019 & 2024
Figure 11: Global: Automotive Balance Shaft (Light Commercial Vehicle) Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 12: Global: Automotive Balance Shaft (Heavy Commercial Vehicle) Market: Sales Value (in Million USD), 2019 & 2024
Figure 13: Global: Automotive Balance Shaft (Heavy Commercial Vehicle) Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 14: Global: Automotive Balance Shaft (Forging) Market: Sales Value (in Million USD), 2019 & 2024
Figure 15: Global: Automotive Balance Shaft (Forging) Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 16: Global: Automotive Balance Shaft (Casting) Market: Sales Value (in Million USD), 2019 & 2024
Figure 17: Global: Automotive Balance Shaft (Casting) Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 18: Global: Automotive Balance Shaft (Inline-3 Cylinder Engine) Market: Sales Value (in Million USD), 2019 & 2024
Figure 19: Global: Automotive Balance Shaft (Inline-3 Cylinder Engine) Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 20: Global: Automotive Balance Shaft (Inline-4 Cylinder Engine) Market: Sales Value (in Million USD), 2019 & 2024
Figure 21: Global: Automotive Balance Shaft (Inline-4 Cylinder Engine) Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 22: Global: Automotive Balance Shaft (Inline-5 Cylinder Engine) Market: Sales Value (in Million USD), 2019 & 2024
Figure 23: Global: Automotive Balance Shaft (Inline-5 Cylinder Engine) Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 24: Global: Automotive Balance Shaft (V6 Engine) Market: Sales Value (in Million USD), 2019 & 2024
Figure 25: Global: Automotive Balance Shaft (V6 Engine) Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 26: North America: Automotive Balance Shaft Market: Sales Value (in Million USD), 2019 & 2024
Figure 27: North America: Automotive Balance Shaft Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 28: United States: Automotive Balance Shaft Market: Sales Value (in Million USD), 2019 & 2024
Figure 29: United States: Automotive Balance Shaft Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 30: Canada: Automotive Balance Shaft Market: Sales Value (in Million USD), 2019 & 2024
Figure 31: Canada: Automotive Balance Shaft Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 32: Asia-Pacific: Automotive Balance Shaft Market: Sales Value (in Million USD), 2019 & 2024
Figure 33: Asia-Pacific: Automotive Balance Shaft Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 34: China: Automotive Balance Shaft Market: Sales Value (in Million USD), 2019 & 2024
Figure 35: China: Automotive Balance Shaft Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 36: Japan: Automotive Balance Shaft Market: Sales Value (in Million USD), 2019 & 2024
Figure 37: Japan: Automotive Balance Shaft Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 38: India: Automotive Balance Shaft Market: Sales Value (in Million USD), 2019 & 2024
Figure 39: India: Automotive Balance Shaft Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 40: South Korea: Automotive Balance Shaft Market: Sales Value (in Million USD), 2019 & 2024
Figure 41: South Korea: Automotive Balance Shaft Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 42: Australia: Automotive Balance Shaft Market: Sales Value (in Million USD), 2019 & 2024
Figure 43: Australia: Automotive Balance Shaft Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 44: Indonesia: Automotive Balance Shaft Market: Sales Value (in Million USD), 2019 & 2024
Figure 45: Indonesia: Automotive Balance Shaft Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 46: Others: Automotive Balance Shaft Market: Sales Value (in Million USD), 2019 & 2024
Figure 47: Others: Automotive Balance Shaft Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 48: Europe: Automotive Balance Shaft Market: Sales Value (in Million USD), 2019 & 2024
Figure 49: Europe: Automotive Balance Shaft Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 50: Germany: Automotive Balance Shaft Market: Sales Value (in Million USD), 2019 & 2024
Figure 51: Germany: Automotive Balance Shaft Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 52: France: Automotive Balance Shaft Market: Sales Value (in Million USD), 2019 & 2024
Figure 53: France: Automotive Balance Shaft Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 54: United Kingdom: Automotive Balance Shaft Market: Sales Value (in Million USD), 2019 & 2024
Figure 55: United Kingdom: Automotive Balance Shaft Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 56: Italy: Automotive Balance Shaft Market: Sales Value (in Million USD), 2019 & 2024
Figure 57: Italy: Automotive Balance Shaft Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 58: Spain: Automotive Balance Shaft Market: Sales Value (in Million USD), 2019 & 2024
Figure 59: Spain: Automotive Balance Shaft Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 60: Russia: Automotive Balance Shaft Market: Sales Value (in Million USD), 2019 & 2024
Figure 61: Russia: Automotive Balance Shaft Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 62: Others: Automotive Balance Shaft Market: Sales Value (in Million USD), 2019 & 2024
Figure 63: Others: Automotive Balance Shaft Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 64: Latin America: Automotive Balance Shaft Market: Sales Value (in Million USD), 2019 & 2024
Figure 65: Latin America: Automotive Balance Shaft Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 66: Brazil: Automotive Balance Shaft Market: Sales Value (in Million USD), 2019 & 2024
Figure 67: Brazil: Automotive Balance Shaft Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 68: Mexico: Automotive Balance Shaft Market: Sales Value (in Million USD), 2019 & 2024
Figure 69: Mexico: Automotive Balance Shaft Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 70: Others: Automotive Balance Shaft Market: Sales Value (in Million USD), 2019 & 2024
Figure 71: Others: Automotive Balance Shaft Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 72: Middle East and Africa: Automotive Balance Shaft Market: Sales Value (in Million USD), 2019 & 2024
Figure 73: Middle East and Africa: Automotive Balance Shaft Market: Breakup by Country (in %), 2024
Figure 74: Middle East and Africa: Automotive Balance Shaft Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 75: Global: Automotive Balance Shaft Industry: SWOT Analysis
Figure 76: Global: Automotive Balance Shaft Industry: Value Chain Analysis
Figure 77: Global: Automotive Balance Shaft Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Automotive Balance Shaft Market: Key Industry Highlights, 2024 and 2033
Table 2: Global: Automotive Balance Shaft Market Forecast: Breakup by Vehicle Type (in Million USD), 2025-2033
Table 3: Global: Automotive Balance Shaft Market Forecast: Breakup by Manufacturing Process (in Million USD), 2025-2033
Table 4: Global: Automotive Balance Shaft Market Forecast: Breakup by Engine Type (in Million USD), 2025-2033
Table 5: Global: Automotive Balance Shaft Market Forecast: Breakup by Region (in Million USD), 2025-2033
Table 6: Global: Automotive Balance Shaft Market: Competitive Structure
Table 7: Global: Automotive Balance Shaft Market: Key Players