| Product Code: ETC5893081 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, Belgium continued to see a steady flow of balance shaft imports, with top contributors being Germany, Italy, Turkey, USA, and Sweden. Despite a slight decline in growth rate from 2023 to 2024, the Compound Annual Growth Rate (CAGR) over the 2020-2024 period remained positive at 1.26%. The High Herfindahl-Hirschman Index (HHI) indicates a concentration of imports among these key exporting countries, highlighting a competitive market landscape for balance shafts in Belgium.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Belgium Balance Shaft Market Overview |
3.1 Belgium Country Macro Economic Indicators |
3.2 Belgium Balance Shaft Market Revenues & Volume, 2021 & 2031F |
3.3 Belgium Balance Shaft Market - Industry Life Cycle |
3.4 Belgium Balance Shaft Market - Porter's Five Forces |
3.5 Belgium Balance Shaft Market Revenues & Volume Share, By Engine Type, 2021 & 2031F |
3.6 Belgium Balance Shaft Market Revenues & Volume Share, By Manufacturing Process, 2021 & 2031F |
4 Belgium Balance Shaft Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for fuel-efficient vehicles in Belgium |
4.2.2 Growing automotive industry in the country |
4.2.3 Emphasis on reducing carbon emissions leading to the adoption of advanced engine technologies |
4.3 Market Restraints |
4.3.1 High initial investment required for manufacturing balance shafts |
4.3.2 Fluctuating prices of raw materials like steel and aluminum |
4.3.3 Intense competition from other engine technologies like electric motors |
5 Belgium Balance Shaft Market Trends |
6 Belgium Balance Shaft Market Segmentations |
6.1 Belgium Balance Shaft Market, By Engine Type |
6.1.1 Overview and Analysis |
6.1.2 Belgium Balance Shaft Market Revenues & Volume, By Inline-3 Cylinder, 2021-2031F |
6.1.3 Belgium Balance Shaft Market Revenues & Volume, By Inline-4 Cylinder, 2021-2031F |
6.1.4 Belgium Balance Shaft Market Revenues & Volume, By Inline-5 Cylinder, 2021-2031F |
6.1.5 Belgium Balance Shaft Market Revenues & Volume, By V-6 Cylinder, 2021-2031F |
6.2 Belgium Balance Shaft Market, By Manufacturing Process |
6.2.1 Overview and Analysis |
6.2.2 Belgium Balance Shaft Market Revenues & Volume, By Forged , 2021-2031F |
6.2.3 Belgium Balance Shaft Market Revenues & Volume, By Cast Balance Shaft, 2021-2031F |
7 Belgium Balance Shaft Market Import-Export Trade Statistics |
7.1 Belgium Balance Shaft Market Export to Major Countries |
7.2 Belgium Balance Shaft Market Imports from Major Countries |
8 Belgium Balance Shaft Market Key Performance Indicators |
8.1 Average fuel efficiency improvement percentage in vehicles using balance shafts |
8.2 Number of new partnerships or collaborations within the automotive supply chain |
8.3 Rate of adoption of advanced engine technologies in Belgium |
8.4 Number of patents filed for innovative balance shaft designs |
8.5 Percentage of vehicles in Belgium equipped with balance shafts |
9 Belgium Balance Shaft Market - Opportunity Assessment |
9.1 Belgium Balance Shaft Market Opportunity Assessment, By Engine Type, 2021 & 2031F |
9.2 Belgium Balance Shaft Market Opportunity Assessment, By Manufacturing Process, 2021 & 2031F |
10 Belgium Balance Shaft Market - Competitive Landscape |
10.1 Belgium Balance Shaft Market Revenue Share, By Companies, 2024 |
10.2 Belgium Balance Shaft Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |