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.
Free Valuable Insights: The Global Automotive Balance Shaft Market is Predict to reach $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
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- 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
TABLE 1 LAMEA Automotive Balance Shaft Market, 2017 - 2020, USD Million
TABLE 2 LAMEA Automotive Balance Shaft Market, 2021 - 2027, USD Million
TABLE 3 LAMEA Automotive Balance Shaft Market by Manufacturing Process, 2017 - 2020, USD Million
TABLE 4 LAMEA Automotive Balance Shaft Market by Manufacturing Process, 2021 - 2027, USD Million
TABLE 5 LAMEA Forging Market by Country, 2017 - 2020, USD Million
TABLE 6 LAMEA Forging Market by Country, 2021 - 2027, USD Million
TABLE 7 LAMEA Casting Market by Country, 2017 - 2020, USD Million
TABLE 8 LAMEA Casting Market by Country, 2021 - 2027, USD Million
TABLE 9 LAMEA Automotive Balance Shaft Market by Application, 2017 - 2020, USD Million
TABLE 10 LAMEA Automotive Balance Shaft Market by Application, 2021 - 2027, USD Million
TABLE 11 LAMEA Passenger Cars Market by Country, 2017 - 2020, USD Million
TABLE 12 LAMEA Passenger Cars Market by Country, 2021 - 2027, USD Million
TABLE 13 LAMEA Light Commercial Vehicles Market by Country, 2017 - 2020, USD Million
TABLE 14 LAMEA Light Commercial Vehicles Market by Country, 2021 - 2027, USD Million
TABLE 15 LAMEA Heavy Commercial Vehicles Market by Country, 2017 - 2020, USD Million
TABLE 16 LAMEA Heavy Commercial Vehicles Market by Country, 2021 - 2027, USD Million
TABLE 17 LAMEA Automotive Balance Shaft Market by Sales Channel, 2017 - 2020, USD Million
TABLE 18 LAMEA Automotive Balance Shaft Market by Sales Channel, 2021 - 2027, USD Million
TABLE 19 LAMEA Original Equipment Manufacturer Market by Country, 2017 - 2020, USD Million
TABLE 20 LAMEA Original Equipment Manufacturer Market by Country, 2021 - 2027, USD Million
TABLE 21 LAMEA Aftermarket Market by Country, 2017 - 2020, USD Million
TABLE 22 LAMEA Aftermarket Market by Country, 2021 - 2027, USD Million
TABLE 23 LAMEA Automotive Balance Shaft Market by Engine Type, 2017 - 2020, USD Million
TABLE 24 LAMEA Automotive Balance Shaft Market by Engine Type, 2021 - 2027, USD Million
TABLE 25 LAMEA Inline 4-cylinder Engine Market by Country, 2017 - 2020, USD Million
TABLE 26 LAMEA Inline 4-cylinder Engine Market by Country, 2021 - 2027, USD Million
TABLE 27 LAMEA Inline 3-cylinder Engine Market by Country, 2017 - 2020, USD Million
TABLE 28 LAMEA Inline 3-cylinder Engine Market by Country, 2021 - 2027, USD Million
TABLE 29 LAMEA Inline 5-cylinder Engine Market by Country, 2017 - 2020, USD Million
TABLE 30 LAMEA Inline 5-cylinder Engine Market by Country, 2021 - 2027, USD Million
TABLE 31 LAMEA V6 Engine Market by Country, 2017 - 2020, USD Million
TABLE 32 LAMEA V6 Engine Market by Country, 2021 - 2027, USD Million
TABLE 33 LAMEA Automotive Balance Shaft Market by Country, 2017 - 2020, USD Million
TABLE 34 LAMEA Automotive Balance Shaft Market by Country, 2021 - 2027, USD Million
TABLE 35 Brazil Automotive Balance Shaft Market, 2017 - 2020, USD Million
TABLE 36 Brazil Automotive Balance Shaft Market, 2021 - 2027, USD Million
TABLE 37 Brazil Automotive Balance Shaft Market by Manufacturing Process, 2017 - 2020, USD Million
TABLE 38 Brazil Automotive Balance Shaft Market by Manufacturing Process, 2021 - 2027, USD Million
TABLE 39 Brazil Automotive Balance Shaft Market by Application, 2017 - 2020, USD Million
TABLE 40 Brazil Automotive Balance Shaft Market by Application, 2021 - 2027, USD Million
TABLE 41 Brazil Automotive Balance Shaft Market by Sales Channel, 2017 - 2020, USD Million
TABLE 42 Brazil Automotive Balance Shaft Market by Sales Channel, 2021 - 2027, USD Million
TABLE 43 Brazil Automotive Balance Shaft Market by Engine Type, 2017 - 2020, USD Million
TABLE 44 Brazil Automotive Balance Shaft Market by Engine Type, 2021 - 2027, USD Million
TABLE 45 Argentina Automotive Balance Shaft Market, 2017 - 2020, USD Million
TABLE 46 Argentina Automotive Balance Shaft Market, 2021 - 2027, USD Million
TABLE 47 Argentina Automotive Balance Shaft Market by Manufacturing Process, 2017 - 2020, USD Million
TABLE 48 Argentina Automotive Balance Shaft Market by Manufacturing Process, 2021 - 2027, USD Million
TABLE 49 Argentina Automotive Balance Shaft Market by Application, 2017 - 2020, USD Million
TABLE 50 Argentina Automotive Balance Shaft Market by Application, 2021 - 2027, USD Million
TABLE 51 Argentina Automotive Balance Shaft Market by Sales Channel, 2017 - 2020, USD Million
TABLE 52 Argentina Automotive Balance Shaft Market by Sales Channel, 2021 - 2027, USD Million
TABLE 53 Argentina Automotive Balance Shaft Market by Engine Type, 2017 - 2020, USD Million
TABLE 54 Argentina Automotive Balance Shaft Market by Engine Type, 2021 - 2027, USD Million
TABLE 55 UAE Automotive Balance Shaft Market, 2017 - 2020, USD Million
TABLE 56 UAE Automotive Balance Shaft Market, 2021 - 2027, USD Million
TABLE 57 UAE Automotive Balance Shaft Market by Manufacturing Process, 2017 - 2020, USD Million
TABLE 58 UAE Automotive Balance Shaft Market by Manufacturing Process, 2021 - 2027, USD Million
TABLE 59 UAE Automotive Balance Shaft Market by Application, 2017 - 2020, USD Million
TABLE 60 UAE Automotive Balance Shaft Market by Application, 2021 - 2027, USD Million
TABLE 61 UAE Automotive Balance Shaft Market by Sales Channel, 2017 - 2020, USD Million
TABLE 62 UAE Automotive Balance Shaft Market by Sales Channel, 2021 - 2027, USD Million
TABLE 63 UAE Automotive Balance Shaft Market by Engine Type, 2017 - 2020, USD Million
TABLE 64 UAE Automotive Balance Shaft Market by Engine Type, 2021 - 2027, USD Million
TABLE 65 Saudi Arabia Automotive Balance Shaft Market, 2017 - 2020, USD Million
TABLE 66 Saudi Arabia Automotive Balance Shaft Market, 2021 - 2027, USD Million
TABLE 67 Saudi Arabia Automotive Balance Shaft Market by Manufacturing Process, 2017 - 2020, USD Million
TABLE 68 Saudi Arabia Automotive Balance Shaft Market by Manufacturing Process, 2021 - 2027, USD Million
TABLE 69 Saudi Arabia Automotive Balance Shaft Market by Application, 2017 - 2020, USD Million
TABLE 70 Saudi Arabia Automotive Balance Shaft Market by Application, 2021 - 2027, USD Million
TABLE 71 Saudi Arabia Automotive Balance Shaft Market by Sales Channel, 2017 - 2020, USD Million
TABLE 72 Saudi Arabia Automotive Balance Shaft Market by Sales Channel, 2021 - 2027, USD Million
TABLE 73 Saudi Arabia Automotive Balance Shaft Market by Engine Type, 2017 - 2020, USD Million
TABLE 74 Saudi Arabia Automotive Balance Shaft Market by Engine Type, 2021 - 2027, USD Million
TABLE 75 South Africa Automotive Balance Shaft Market, 2017 - 2020, USD Million
TABLE 76 South Africa Automotive Balance Shaft Market, 2021 - 2027, USD Million
TABLE 77 South Africa Automotive Balance Shaft Market by Manufacturing Process, 2017 - 2020, USD Million
TABLE 78 South Africa Automotive Balance Shaft Market by Manufacturing Process, 2021 - 2027, USD Million
TABLE 79 South Africa Automotive Balance Shaft Market by Application, 2017 - 2020, USD Million
TABLE 80 South Africa Automotive Balance Shaft Market by Application, 2021 - 2027, USD Million
TABLE 81 South Africa Automotive Balance Shaft Market by Sales Channel, 2017 - 2020, USD Million
TABLE 82 South Africa Automotive Balance Shaft Market by Sales Channel, 2021 - 2027, USD Million
TABLE 83 South Africa Automotive Balance Shaft Market by Engine Type, 2017 - 2020, USD Million
TABLE 84 South Africa Automotive Balance Shaft Market by Engine Type, 2021 - 2027, USD Million
TABLE 85 Nigeria Automotive Balance Shaft Market, 2017 - 2020, USD Million
TABLE 86 Nigeria Automotive Balance Shaft Market, 2021 - 2027, USD Million
TABLE 87 Nigeria Automotive Balance Shaft Market by Manufacturing Process, 2017 - 2020, USD Million
TABLE 88 Nigeria Automotive Balance Shaft Market by Manufacturing Process, 2021 - 2027, USD Million
TABLE 89 Nigeria Automotive Balance Shaft Market by Application, 2017 - 2020, USD Million
TABLE 90 Nigeria Automotive Balance Shaft Market by Application, 2021 - 2027, USD Million
TABLE 91 Nigeria Automotive Balance Shaft Market by Sales Channel, 2017 - 2020, USD Million
TABLE 92 Nigeria Automotive Balance Shaft Market by Sales Channel, 2021 - 2027, USD Million
TABLE 93 Nigeria Automotive Balance Shaft Market by Engine Type, 2017 - 2020, USD Million
TABLE 94 Nigeria Automotive Balance Shaft Market by Engine Type, 2021 - 2027, USD Million
TABLE 95 Rest of LAMEA Automotive Balance Shaft Market, 2017 - 2020, USD Million
TABLE 96 Rest of LAMEA Automotive Balance Shaft Market, 2021 - 2027, USD Million
TABLE 97 Rest of LAMEA Automotive Balance Shaft Market by Manufacturing Process, 2017 - 2020, USD Million
TABLE 98 Rest of LAMEA Automotive Balance Shaft Market by Manufacturing Process, 2021 - 2027, USD Million
TABLE 99 Rest of LAMEA Automotive Balance Shaft Market by Application, 2017 - 2020, USD Million
TABLE 100 Rest of LAMEA Automotive Balance Shaft Market by Application, 2021 - 2027, USD Million
TABLE 101 Rest of LAMEA Automotive Balance Shaft Market by Sales Channel, 2017 - 2020, USD Million
TABLE 102 Rest of LAMEA Automotive Balance Shaft Market by Sales Channel, 2021 - 2027, USD Million
TABLE 103 Rest of LAMEA Automotive Balance Shaft Market by Engine Type, 2017 - 2020, USD Million
TABLE 104 Rest of LAMEA 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