Research and Markets: The Global Automotive Balance Shaft Market Size is Projected to Reach $13,281.2 Million by 2020
By Business Wire News
By Business Wire News
Research and Markets (http://www.researchandmarkets.com/research/9z88sp/automotive) has announced the addition of the “Automotive Balance Shaft Market by Engine Type, Manufacturing Process, & by Region – Industry Trends & Forecast to 2020” report to their offering.
The global automotive balance shaft market size is estimated to be $9,854.7 million in 2015 and is projected to grow to at a CAGR of 6.15% from 2015 to 2020. Factors driving the market are the increasing demand for vehicles equipped with inline-4 cylinder engines, need to reduce engine NVH levels, and the growing trends of fuel efficiency, reduced CO2 emissions, and weight reduction. Alternately, factors such as the shifting focus towards electric vehicles and increasing demand for SUV and luxury cars with high-performance engines are restraining market growth.
The automotive balance shaft market size is projected to grow at a CAGR of 6.15 % from 2015 to 2020 to reach $9,854.7 Million in 2015.
Asia-Oceania is estimated to dominate the market, accounting for a market share of about 57% in 2015. China is the key contributor to the balance shaft market in the Asia-Oceania region. The global demand for automotive balance shafts is propelled by the increasing demand for vehicles equipped with inline-4 cylinder engines and the growing trends of fuel efficiency, reduced CO2 emissions, and weight reduction. Europe is estimated to hold the second position in the market, with a market share, by value, of 19% in 2015.
– Engine Power Components, Inc.
– Ningbo Jingda Hardware Manufacture Co., Ltd.
– Metaldyne (U.S.)
– Mitec-Jebsen Automotive Systems (Dalian) Co. Ltd.
– Musashi Seimitsu Industry Co. Ltd (Japan)
– OTICS Co. (Japan)
– Sansera Engineering
– SHW Ag (Germany)
– SKF Group (U.S.)
– TFO Corporation
For more information visit http://www.researchandmarkets.com/research/9z88sp/automotive
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