LAMEA Automotive Balance Shaft Market Size, Share & Industry Trends Analysis Report By Manufacturing Process, By Application, By Sales Channel, By Engine Type, By Country and Growth Forecast, 2021 - 2027
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Market Report Description
The Latin America, Middle East and Africa Automotive Balance Shaft Market would witness market growth of 5.4% CAGR during the forecast period (2021-2027).
The balance shaft principle has been refined further by Saab to resolve second harmonic sideways by locating the balance shafts with lateral symmetry but at various heights above the crankshaft, thereby introducing a torque that counteracts the sideways vibrations at twice the engine RPM, resulting in the exceptionally smooth B234 engine.
Many V6 engines use a different balance shaft configuration. While an ideal V6 engine would have a 60-degree angle between the two banks of cylinders, many present V6 engines are developed from earlier V8 engines, which have a 90-degree angle. While this results in an equally spaced firing order in an eight-cylinder engine, it leads in a loping rhythm in a six-cylinder engine, where three cylinders fire at 90-degree intervals during each revolution of the crankshaft, followed by a 90-degree break with no power pulse.
With the increase in these initiatives across various nations of the region, manufacturers of automotive are increasingly adopting efficient automotive component to reduce the overall emissions of the vehicle as well as bring down the emission level of the environment. In the United Arab Emirates, car production is rising at a significant pace. But, a few companies have lately established production in the UAE. Ashok Leyland, the Hinduja Group's flagship firm and a prominent truck and bus manufacturer in India, is placed at number 4 in the world for bus manufacturing and 14th for truck manufacturing. In 2010, they began production in the United Arab Emirates. Hafilat Industries, a bus manufacturer, is also based in the UAE. In addition, it has been reported that Zarooq Motors and W Motors have begun small-scale car production locally.
The Brazil market dominated the LAMEA Automotive Balance Shaft Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $283.4 Million by 2027. The Argentina market is estimated to grow a CAGR of 6% during (2021 - 2027). Additionally, The UAE market would witness a CAGR of 5.1% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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
- Passenger Cars
- Light Commercial Vehicles
- Heavy Commercial Vehicles
By Sales Channel
- Original Equipment Manufacturer
By Engine Type
- Inline 4-cylinder Engine
- Inline 3-cylinder Engine
- Inline 5-cylinder Engine
- V6 Engine
- Saudi Arabia
- South Africa
- Rest of LAMEA
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
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