The second level of vibration is experienced by an automobile engine, particularly by engines with an asymmetrical design; this vibration is felt by even well-balanced engines with an asymmetrical design. To counteract the vibration effect that the engine produces, the automotive balancing shaft is combined with vehicle engines. A difficult component that requires a precision design to ensure compatibility with the engine system is the balance shaft.
According to projections, the market for automotive balance shafts would be worth US$14.03 billion globally in 2022 and US$25 billion internationally from 2022 to 2032, growing at a CAGR of 6%. Growth is attributed to a rise in demand for Balance Shaft, particularly in the automobile sector.
The need for engines with reduced noise, vibration, and harshness is expected to increase in the future, which will lead to an increase in the demand for automobile balancing shafts.
The need for “Inline-4 Cylinder Engine” is rising globally, particularly in Asia-Pacific. Due to the strict government emission rules, there is a growing demand for environmentally efficient vehicles. Automobile original equipment manufacturers are incorporating balance shafts into their vehicles to provide motors with minimal or no noise, vibration, and harshness. The global balance shaft market is expanding as a result of all the aforementioned factors. Aluminum balance shafts are increasingly being used by original equipment manufacturers due to their advantages in weight and robustness.
Key Players:
- American Axle & Manufacturing Holdings, Inc.
- LACO, Mitec-Jensen Automotive Systems (Dalian) Co Ltd.
- Musashi Seimitsu Industry Co., Ltd.
- Ningbo Jingda Hardware Manufacture Co., Ltd.
- Optics Corporation
- Sansera Engineering
