| 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 |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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