A balance shaft is an eccentric weighted shaft that is designed to rotate and vibrate in order to reduce vibration produced by an engine. Balance shaft is commonly utilized in four-cylinder engines.
Dearth of conventional fuel sources along with concerns regarding growing carbon footprint is fuelling growth of the global vehicle balance shaft market
Factors driving growth of the global market is increasing CO2 emission in conjunction with factor such as regulations concerning exhaust gas emissions. CO2 emissions can be is proportional to the fuel consumed during vehicle’s operations. Balance shaft is responsible for increasing engine efficiency and reduce overall fuel consumption in order to reduce CO2 emission by reducing friction and vibration, improves oil mist supply, and reduces oil feed holes.
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Global Vehicle Balance Shaft Market: Segment Trends
Among engine types, Inline-4 Cylinder Engine accounted for the largest share in the global market in 2016. This is due to high demand for environment friendly vehicles and increasing concerns related to reduction in carbon footprint, aiding in growth of the segment. OEMs in automotive are incorporating balance shaft in the vehicles to offer vehicle engines with reduced and negligible noise, vibration, and harshness. Moreover OEMs are using aluminum balance shafts in vehicles to reduce their weight and strength.
Global Vehicle Balance Shaft Market: Regional Insights
The global vehicle balance shaft market is segmented on the basis of regions into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. The vehicle balance shaft market in North America is expected to exhibit the CAGR during the forecast period. This growth is attributed to growing stringency of regulatory bodies towards reducing carbon footprint and emissions, and is also a major factor propelling growth of the regional market. For instance, Corporate Average Fuel Economy (CAFÉ) Standards in the U.S. is propagating adoption of energy efficient automotive by formulating regulations for reduction of petroleum consumption and enhancing utilization of alternative fuel vehicles such as hybrid vehicles. This in turn, creates a highly conducive environment for growth of the global vehicle balance shaft market.
Global Vehicle Balance Shaft Market: Competitive Background
Major players operating in the vehicle balance shaft market are Metaldyne LLC, Musashi Seimitsu Industry Co., Ltd., SKF Group, Otics Corporation, SHW AG, Sansera Engineering, Mitec-Jebsen Automotive Systems (Dalian) Co. Ltd., Ningbo Jingda Hardware Manufacture Co., Ltd., Tfo Corporation, and Engine Power Components, Inc.
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