The Europe Automotive Balance Shaft Market would witness market growth of 3.4% CAGR during the forecast period (2021-2027).
The amount of power the twin balancing shafts cost the engine is a point of contention. The most common amount is roughly 15 horsepower (11 kW), but this may be too high for pure friction losses. This is probably a result of the prevalent usage of an inertial dynamometer, which measures power based on angular acceleration rather than actual steady-state torque measurement. The 15 horsepower (11 kW) comprises both the real frictional loss and the increased angular inertia of the quickly rotating shafts, which would not be a concern at a constant speed. Part owners, although, remove the balancing shafts from their engines to regain some of this power and to eliminate potential areas of breakage for high-performance or complexities of engines and racing use, as it is commonly believed that the smoothness provided by the balance shafts can be achieved after their separation by careful balancing of the reciprocating components of the engine.
The automotive industry is critical to Europe's economic development. The automobile industry employs millions of Europeans directly and indirectly, accounting for a few percent of overall employment in the EU. Direct production of automobiles employs too employs many people, accounting for a decent share of all manufacturing jobs in the EU. The EU is one of the world's leading makers of automobiles, and the automotive industry is the greatest private investor in R&D. (R&D). To strengthen the competitiveness of the EU vehicle industry and retain its global technological leadership, the European Commission promotes global technology harmonization and funds R&D. Mercedes-Benz automobiles, for example, are renowned for their superior design and performance. Even though these vehicles are the pinnacle of luxury, many of them have identical problems. One of the most serious issues is with the shaft gear.
The Germany market dominated the Europe Automotive Balance Shaft Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $892 Million by 2027. The UK market is anticipated to grow at a CAGR of 2.6% during (2021 - 2027). Additionally, The France market would display CAGR of 4.2% during (2021 - 2027).
Based on Manufacturing Process, the market is segmented into Forging, and Casting. Based on Application, the market is segmented into Passenger Cars, Light Commercial Vehicles, and Heavy Commercial Vehicles. Based on Sales Channel, the market is segmented into Original Equipment Manufacturer, and Aftermarket. Based on Engine Type, the market is segmented into Inline 4-cylinder Engine, Inline 3-cylinder Engine, Inline 5-cylinder Engine, and V6 Engine. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Automotive Balance Shaft Market Size will Hit $13.2 Billion by 2027, at a CAGR of 4.1%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include 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.
Scope of the Study
Market Segments Covered in the Report:
By Manufacturing Process
By Application
- Passenger Cars
- Light Commercial Vehicles
- Heavy Commercial Vehicles
By Sales Channel
- Original Equipment Manufacturer
- Aftermarket
By Engine Type
- Inline 4-cylinder Engine
- Inline 3-cylinder Engine
- Inline 5-cylinder Engine
- V6 Engine
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- 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
- TFO Corporation
TABLE 1 Europe Automotive Balance Shaft Market, 2017 - 2020, USD Million
TABLE 2 Europe Automotive Balance Shaft Market, 2021 - 2027, USD Million
TABLE 3 Europe Automotive Balance Shaft Market by Manufacturing Process, 2017 - 2020, USD Million
TABLE 4 Europe Automotive Balance Shaft Market by Manufacturing Process, 2021 - 2027, USD Million
TABLE 5 Europe Forging Market by Country, 2017 - 2020, USD Million
TABLE 6 Europe Forging Market by Country, 2021 - 2027, USD Million
TABLE 7 Europe Casting Market by Country, 2017 - 2020, USD Million
TABLE 8 Europe Casting Market by Country, 2021 - 2027, USD Million
TABLE 9 Europe Automotive Balance Shaft Market by Application, 2017 - 2020, USD Million
TABLE 10 Europe Automotive Balance Shaft Market by Application, 2021 - 2027, USD Million
TABLE 11 Europe Passenger Cars Market by Country, 2017 - 2020, USD Million
TABLE 12 Europe Passenger Cars Market by Country, 2021 - 2027, USD Million
TABLE 13 Europe Light Commercial Vehicles Market by Country, 2017 - 2020, USD Million
TABLE 14 Europe Light Commercial Vehicles Market by Country, 2021 - 2027, USD Million
TABLE 15 Europe Heavy Commercial Vehicles Market by Country, 2017 - 2020, USD Million
TABLE 16 Europe Heavy Commercial Vehicles Market by Country, 2021 - 2027, USD Million
TABLE 17 Europe Automotive Balance Shaft Market by Sales Channel, 2017 - 2020, USD Million
TABLE 18 Europe Automotive Balance Shaft Market by Sales Channel, 2021 - 2027, USD Million
TABLE 19 Europe Original Equipment Manufacturer Market by Country, 2017 - 2020, USD Million
TABLE 20 Europe Original Equipment Manufacturer Market by Country, 2021 - 2027, USD Million
TABLE 21 Europe Aftermarket Market by Country, 2017 - 2020, USD Million
TABLE 22 Europe Aftermarket Market by Country, 2021 - 2027, USD Million
TABLE 23 Europe Automotive Balance Shaft Market by Engine Type, 2017 - 2020, USD Million
TABLE 24 Europe Automotive Balance Shaft Market by Engine Type, 2021 - 2027, USD Million
TABLE 25 Europe Inline 4-cylinder Engine Market by Country, 2017 - 2020, USD Million
TABLE 26 Europe Inline 4-cylinder Engine Market by Country, 2021 - 2027, USD Million
TABLE 27 Europe Inline 3-cylinder Engine Market by Country, 2017 - 2020, USD Million
TABLE 28 Europe Inline 3-cylinder Engine Market by Country, 2021 - 2027, USD Million
TABLE 29 Europe Inline 5-cylinder Engine Market by Country, 2017 - 2020, USD Million
TABLE 30 Europe Inline 5-cylinder Engine Market by Country, 2021 - 2027, USD Million
TABLE 31 Europe V6 Engine Market by Country, 2017 - 2020, USD Million
TABLE 32 Europe V6 Engine Market by Country, 2021 - 2027, USD Million
TABLE 33 Europe Automotive Balance Shaft Market by Country, 2017 - 2020, USD Million
TABLE 34 Europe Automotive Balance Shaft Market by Country, 2021 - 2027, USD Million
TABLE 35 Germany Automotive Balance Shaft Market, 2017 - 2020, USD Million
TABLE 36 Germany Automotive Balance Shaft Market, 2021 - 2027, USD Million
TABLE 37 Germany Automotive Balance Shaft Market by Manufacturing Process, 2017 - 2020, USD Million
TABLE 38 Germany Automotive Balance Shaft Market by Manufacturing Process, 2021 - 2027, USD Million
TABLE 39 Germany Automotive Balance Shaft Market by Application, 2017 - 2020, USD Million
TABLE 40 Germany Automotive Balance Shaft Market by Application, 2021 - 2027, USD Million
TABLE 41 Germany Automotive Balance Shaft Market by Sales Channel, 2017 - 2020, USD Million
TABLE 42 Germany Automotive Balance Shaft Market by Sales Channel, 2021 - 2027, USD Million
TABLE 43 Germany Automotive Balance Shaft Market by Engine Type, 2017 - 2020, USD Million
TABLE 44 Germany Automotive Balance Shaft Market by Engine Type, 2021 - 2027, USD Million
TABLE 45 UK Automotive Balance Shaft Market, 2017 - 2020, USD Million
TABLE 46 UK Automotive Balance Shaft Market, 2021 - 2027, USD Million
TABLE 47 UK Automotive Balance Shaft Market by Manufacturing Process, 2017 - 2020, USD Million
TABLE 48 UK Automotive Balance Shaft Market by Manufacturing Process, 2021 - 2027, USD Million
TABLE 49 UK Automotive Balance Shaft Market by Application, 2017 - 2020, USD Million
TABLE 50 UK Automotive Balance Shaft Market by Application, 2021 - 2027, USD Million
TABLE 51 UK Automotive Balance Shaft Market by Sales Channel, 2017 - 2020, USD Million
TABLE 52 UK Automotive Balance Shaft Market by Sales Channel, 2021 - 2027, USD Million
TABLE 53 UK Automotive Balance Shaft Market by Engine Type, 2017 - 2020, USD Million
TABLE 54 UK Automotive Balance Shaft Market by Engine Type, 2021 - 2027, USD Million
TABLE 55 France Automotive Balance Shaft Market, 2017 - 2020, USD Million
TABLE 56 France Automotive Balance Shaft Market, 2021 - 2027, USD Million
TABLE 57 France Automotive Balance Shaft Market by Manufacturing Process, 2017 - 2020, USD Million
TABLE 58 France Automotive Balance Shaft Market by Manufacturing Process, 2021 - 2027, USD Million
TABLE 59 France Automotive Balance Shaft Market by Application, 2017 - 2020, USD Million
TABLE 60 France Automotive Balance Shaft Market by Application, 2021 - 2027, USD Million
TABLE 61 France Automotive Balance Shaft Market by Sales Channel, 2017 - 2020, USD Million
TABLE 62 France Automotive Balance Shaft Market by Sales Channel, 2021 - 2027, USD Million
TABLE 63 France Automotive Balance Shaft Market by Engine Type, 2017 - 2020, USD Million
TABLE 64 France Automotive Balance Shaft Market by Engine Type, 2021 - 2027, USD Million
TABLE 65 Russia Automotive Balance Shaft Market, 2017 - 2020, USD Million
TABLE 66 Russia Automotive Balance Shaft Market, 2021 - 2027, USD Million
TABLE 67 Russia Automotive Balance Shaft Market by Manufacturing Process, 2017 - 2020, USD Million
TABLE 68 Russia Automotive Balance Shaft Market by Manufacturing Process, 2021 - 2027, USD Million
TABLE 69 Russia Automotive Balance Shaft Market by Application, 2017 - 2020, USD Million
TABLE 70 Russia Automotive Balance Shaft Market by Application, 2021 - 2027, USD Million
TABLE 71 Russia Automotive Balance Shaft Market by Sales Channel, 2017 - 2020, USD Million
TABLE 72 Russia Automotive Balance Shaft Market by Sales Channel, 2021 - 2027, USD Million
TABLE 73 Russia Automotive Balance Shaft Market by Engine Type, 2017 - 2020, USD Million
TABLE 74 Russia Automotive Balance Shaft Market by Engine Type, 2021 - 2027, USD Million
TABLE 75 Spain Automotive Balance Shaft Market, 2017 - 2020, USD Million
TABLE 76 Spain Automotive Balance Shaft Market, 2021 - 2027, USD Million
TABLE 77 Spain Automotive Balance Shaft Market by Manufacturing Process, 2017 - 2020, USD Million
TABLE 78 Spain Automotive Balance Shaft Market by Manufacturing Process, 2021 - 2027, USD Million
TABLE 79 Spain Automotive Balance Shaft Market by Application, 2017 - 2020, USD Million
TABLE 80 Spain Automotive Balance Shaft Market by Application, 2021 - 2027, USD Million
TABLE 81 Spain Automotive Balance Shaft Market by Sales Channel, 2017 - 2020, USD Million
TABLE 82 Spain Automotive Balance Shaft Market by Sales Channel, 2021 - 2027, USD Million
TABLE 83 Spain Automotive Balance Shaft Market by Engine Type, 2017 - 2020, USD Million
TABLE 84 Spain Automotive Balance Shaft Market by Engine Type, 2021 - 2027, USD Million
TABLE 85 Italy Automotive Balance Shaft Market, 2017 - 2020, USD Million
TABLE 86 Italy Automotive Balance Shaft Market, 2021 - 2027, USD Million
TABLE 87 Italy Automotive Balance Shaft Market by Manufacturing Process, 2017 - 2020, USD Million
TABLE 88 Italy Automotive Balance Shaft Market by Manufacturing Process, 2021 - 2027, USD Million
TABLE 89 Italy Automotive Balance Shaft Market by Application, 2017 - 2020, USD Million
TABLE 90 Italy Automotive Balance Shaft Market by Application, 2021 - 2027, USD Million
TABLE 91 Italy Automotive Balance Shaft Market by Sales Channel, 2017 - 2020, USD Million
TABLE 92 Italy Automotive Balance Shaft Market by Sales Channel, 2021 - 2027, USD Million
TABLE 93 Italy Automotive Balance Shaft Market by Engine Type, 2017 - 2020, USD Million
TABLE 94 Italy Automotive Balance Shaft Market by Engine Type, 2021 - 2027, USD Million
TABLE 95 Rest of Europe Automotive Balance Shaft Market, 2017 - 2020, USD Million
TABLE 96 Rest of Europe Automotive Balance Shaft Market, 2021 - 2027, USD Million
TABLE 97 Rest of Europe Automotive Balance Shaft Market by Manufacturing Process, 2017 - 2020, USD Million
TABLE 98 Rest of Europe Automotive Balance Shaft Market by Manufacturing Process, 2021 - 2027, USD Million
TABLE 99 Rest of Europe Automotive Balance Shaft Market by Application, 2017 - 2020, USD Million
TABLE 100 Rest of Europe Automotive Balance Shaft Market by Application, 2021 - 2027, USD Million
TABLE 101 Rest of Europe Automotive Balance Shaft Market by Sales Channel, 2017 - 2020, USD Million
TABLE 102 Rest of Europe Automotive Balance Shaft Market by Sales Channel, 2021 - 2027, USD Million
TABLE 103 Rest of Europe Automotive Balance Shaft Market by Engine Type, 2017 - 2020, USD Million
TABLE 104 Rest of Europe Automotive Balance Shaft Market by Engine Type, 2021 - 2027, USD Million
TABLE 105 Key Information – American Axle & Manufacturing, Inc.
TABLE 106 Key Information – Linamar Corporation
TABLE 107 Key Information – Sansera Engineering Limited
TABLE 108 Key Information – Engine Power Components, Inc.
TABLE 109 Key Information – Hirschvogel Group
TABLE 110 Key Information – MAT Holding, Inc.
TABLE 111 Key Information – Musashi Seimitsu Industry Co., Ltd.
TABLE 112 Key Information – Ningbo Jingda Hardware Manufacture Co., Ltd.
TABLE 113 Key Information – OTICS Corporation
TABLE 114 Key Information – TFO Corporation
List of Figures
FIG 1 Methodology for the research
FIG 2 Recent strategies and developments: American Axle & Manufacturing, Inc.
FIG 3 Recent strategies and developments: Linamar Corporation