Techno World Vehicle-Balance-Shaft-Market | Página 3

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.
The market for vehicle balance shaft in Asia Pacific region accounted for the largest market share
in 2016 and it is expected to retain its dominance over the forecast period. The growth in this
region is attributed to presence of some of the world’s largest manufacturing and sales hubs in
the region. According to Coherent Market Insights’ analysis, vehicles production of the countries,
including China, India, Japan, South Korea, and Thailand accounted for over 50% of the global
production. Hence, increasing vehicle production further demands for balance shaft in this
region.
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.
About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-
ready syndicated research reports, custom market analysis, consulting services, and competitive
analysis through various recommendations related to emerging market trends, technologies, and
potential absolute dollar opportunity.
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: [phone]
Email: [e-mail]