LONDON--(BUSINESS WIRE)--Technavio projects the global automotive balance shaft market to post a CAGR of close to 5% during the forecast period, 2018-2022. Performance benefits associated with the use of balance shafts in engines is a key driver, which is expected to impact market growth.
The global automotive balance shaft market is witnessing growth in sync with the rise in sales volume of vehicles offered with in-line series of engines. The use of balance shafts for automotive engines helps determine the overall performance and increases the efficiency of in-line engine layouts; these advantages have led to the increased penetration rate of balance shaft in such engines.
This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing
Save more with Technavio. Buy 2 reports and get the third for FREE: View all Technavio’s current offers
In this report, Technavio highlights the developments in the field of balancer shafts system as one of the key emerging trends to drive the global automotive balance shaft market:
Developments in field of balancer shafts system
The designs and materials used to manufacture automotive balance shafts are undergoing developments. Most in-line cylinder engine configurations involve the use of two balancer shafts. However, automakers have been working on the designs of single-balancer shafts, which can reduce design complexities and help in weight reduction. Manufacturers of automotive balance shafts are providing solutions that combine balancer shafts and oil pumps into one module. For instance, Hitachi’s automotive division, Hitachi Automotive System, offers a new generation of vane-type oil pumps that integrate balancer shafts.
According to a senior analyst at Technavio for automotive components research, “The vane-type oil pumps offer compact solutions that help reduce design complexities and offer efficient products to OEMs. Similarly, other automotive balance shaft producers are working on the design of balance shafts, which can be integrated with other systems and components. Such developments augur well for the growth of the market.”
Looking for more information on this market? Request a free sample report
Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
Market segmentation and analysis through 2022
This market research report segments the global automotive balance shaft market by engine type (in-line 3-cylinder, in-line 4-cylinder, and others) and key regions (the Americas, APAC, and EMEA).
In 2017, the global automotive balance shaft market was led by APAC which accounted for 60% of the market share, followed by EMEA and the Americas. The market share of APAC is expected to increase by a further 3% over the forecast period, while that of the other two regions will decline.
|
Save big with Technavio this May! Find out what companies are venturing in to beat the heat this summer! Technavio indulges you with a massive 20% OFF on all non-alcoholic beverages reports for the entire month. OR Technavio honors the achievements and efforts of Motherhood this Mother's Day by offering a whopping 30% OFF on all cosmetics and toiletry reports. Offer valid from 7th May for a limited period. |
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at media@technavio.com.
