[250 Pages Research] Increase in demand for inline 4-cylinder engines, surge in need for vehicle engines with reduced noise, harshness, and vibration, and rise in adoption of fuel-efficient vehicles with low carbon emission drive the global automotive balance shaft market. Asia-Pacific dominated in 2020, holding more than half of the market. The Covid-19 pandemic negatively affected the sales of new vehicles, and led to disruption of the supply chain, and caused delays in manufacturing of vehicles.
Portland, OR, June 22, 2022 (GLOBE NEWSWIRE) — As per the report published by Allied Market Research, the global automotive balance shaft market generated $10.48 billion in 2020, and is expected to reach $16.69 billion by 2030, registering a CAGR of 4.9% from 2021 to 2030.
Surge in demand for inline 4-cylinder engines, increase in need for vehicle engines with reduced noise, harshness, and vibration, and rise in adoption of fuel-efficient vehicles with low carbon emission have boosted the growth of the global automotive balance shaft market. However, surge in sale of luxury vehicles & sports utility vehicles with high-performance engines and increase in adoption of electric vehicles hinder the market growth. On the contrary, rise in demand for passenger vehicles from developing countries and technological advancements would open new opportunities in the future.
Download Report (250 Pages PDF with Insights, Charts, Tables, Figures) did https://www.alliedmarketresearch.com/request-sample/993
The Covid-19 pandemic severely affected the sales of new vehicles, resulted in disruption of supply chain, and caused delays in manufacturing of vehicles.
However, due to relaxation of lockdown restriction, the demand for vehicles is expected to increase.
The report segments the global automotive balance shaft market on the basis of engine type, manufacturing process, application, sales channel, and region.
Request for Customization did https://www.alliedmarketresearch.com/request-for-customization/993
Based on engine type, the inline-3-cylinder enginesegment is expected to portray the highest CAGR of 6.8% during the forecast period. However, the inline-4 cylinder engine segment held the largest share in 2020, contributing to around two-thirds of the market.
On the basis of application, the light commercial vehicles segment is projected to manifest the highest CAGR of 6.1% during the forecast period. However, the passenger cars segment held the lion’s share in 2020, accounting for nearly three-fourths of the market.
Interested in Procuring the Data with Actionable Strategy & Insights? Inquire here did https://www.alliedmarketresearch.com/purchase-enquiry/993
The global automotive balance shaft market is analyzed across several regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across Asia-Pacific dominated in 2020, holding more than half of the market. However, the market across LAMEA is projected to showcase the highest CAGR of 7.2% during the forecast period.
The global automotive balance shaft market includes an in-depth analysis of the prime market players such as 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.
Buy Complete Report Now! https://www.alliedmarketresearch.com/checkout-final/960fe1003a274b02a856c680b5936e6d
Similar Reports We Have on Automotive Industry:
Cylinder Deactivation System Market by Component (Engine Control Unit, Valve Solenoid and Electronic Throttle Control), Valve Actuation (Overhead Camshaft Design and Pushrod Design), Number of Cylinders (4 cylinders and 6 cylinders & above), Fuels (Gasoline and Diesel) and Vehicles (Passenger Vehicle and Light Commercial Vehicle): Global Opportunity Analysis and Industry Forecast, 2020–2030.
Automotive Cylinder Head Market by Engine (Straight or Inline Engine, and V-type Engines), by Material (Cast Iron, Aluminum, and Other (Titanium)), by Sales Channel (Original Equipment Manufacturers, and Independent Suppliers), by Motorcycles Type (Two Wheelers, Passenger Cars, Light Commercial Vehicles, and Heavy Commercial Vehicles): Global Opportunity Analysis and Industry Forecast, 2020–2030.
Vacuum Truck Market by Product Type (Dry and Liquid Suctioning, Liquid Suctioning), by Application (Industrial, Excavation, Muncipal, General Cleaning, Others), by Fuel Type (Electric, ICE): Global Opportunity Analysis and Industry Forecast, 2021-2031.
Automotive Carbon Wheels Market by Vehicle Type (Two Wheels, Passenger Cars, Commercial Vehicles), by Distribution Channel (OEM, Aftermarket): Global Opportunity Analysis and Industry Forecast, 2021-2030.
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of the domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
5933 NE Win Sivers Drive
#205, Portland, OR 97220
USA/Canada (Toll Free):
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Allied Market Research Blog: https://blog.alliedmarketresearch.com
Follow Us on | Facebook | Twitter | LinkedIn |