Product Code: ETC4576165 | Publication Date: Jul 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The India balance shaft market import shipments experienced a steady growth with a CAGR of 4.9% from 2020 to 2024. However, there was a notable decline in growth rate between 2023 and 2024, indicating a slowdown towards the end of the period. Overall, the market exhibited signs of expansion followed by a slight stabilization towards the end.
The India balance shaft market is integral to engine performance and smooth operation. Balance shafts are used to reduce engine vibrations and improve overall vehicle comfort. With the growth of the automotive industry in India and consumer expectations for smoother rides, the demand for balance shaft systems has risen. The market is characterized by advancements in balance shaft designs and materials to enhance efficiency and reduce vibrations. As vehicle comfort and performance remain essential aspects of the automotive sector, the balance shaft market is expected to see sustained growth.
The India balance shaft market is being propelled by the quest for smoother engine operation and reduced vibrations in vehicles. Balance shafts counteract engine vibrations and improve driving comfort, which is especially important as the demand for passenger comfort increases.
The balance shaft market in India grapples with challenges related to optimizing engine balance and reducing vibrations without adding excessive weight or complexity to the powertrain.
The India balance shaft market experienced a sharp decline during the initial phases of the pandemic due to factory shutdowns and decreased vehicle production. Balance shafts are essential components in engines, and the market is closely linked to the automotive sector. As vehicle production resumes and sales recover, the balance shaft market is expected to rebound, driven by a resurgence in automotive manufacturing.
Leading players in the balance shaft market include Federal-Mogul Goetze India, Shriram Pistons & Rings, and Linamar India. They produce balance shafts used in engines to reduce vibrations and enhance performance.
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 India Balance Shaft Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Balance Shaft Market Revenues & Volume, 2021 & 2031F |
3.3 India Balance Shaft Market - Industry Life Cycle |
3.4 India Balance Shaft Market - Porter's Five Forces |
3.5 India Balance Shaft Market Revenues & Volume Share, By Engine Type, 2021 & 2031F |
3.6 India Balance Shaft Market Revenues & Volume Share, By Manufacturing Process, 2021 & 2031F |
4 India Balance Shaft Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for automobiles in India |
4.2.2 Stringent emission norms driving the adoption of balance shafts in vehicles |
4.2.3 Growing focus on fuel efficiency and engine performance |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting manufacturing costs |
4.3.2 Intense competition among balance shaft manufacturers |
4.3.3 Technological advancements leading to the development of alternative solutions |
5 India Balance Shaft Market Trends |
6 India Balance Shaft Market, By Types |
6.1 India Balance Shaft Market, By Engine Type |
6.1.1 Overview and Analysis |
6.1.2 India Balance Shaft Market Revenues & Volume, By Engine Type, 2021-2031F |
6.1.3 India Balance Shaft Market Revenues & Volume, By Inline-3 Cylinder, 2021-2031F |
6.1.4 India Balance Shaft Market Revenues & Volume, By Inline-4 Cylinder, 2021-2031F |
6.1.5 India Balance Shaft Market Revenues & Volume, By Inline-5 Cylinder, 2021-2031F |
6.1.6 India Balance Shaft Market Revenues & Volume, By V-6 Cylinder, 2021-2031F |
6.2 India Balance Shaft Market, By Manufacturing Process |
6.2.1 Overview and Analysis |
6.2.2 India Balance Shaft Market Revenues & Volume, By Forged , 2021-2031F |
6.2.3 India Balance Shaft Market Revenues & Volume, By Cast Balance Shaft, 2021-2031F |
7 India Balance Shaft Market Import-Export Trade Statistics |
7.1 India Balance Shaft Market Export to Major Countries |
7.2 India Balance Shaft Market Imports from Major Countries |
8 India Balance Shaft Market Key Performance Indicators |
8.1 Adoption rate of balance shaft technology in new vehicle models |
8.2 Number of partnerships and collaborations between balance shaft manufacturers and automotive OEMs |
8.3 Average age of vehicles in India, indicating potential aftermarket demand for balance shafts |
9 India Balance Shaft Market - Opportunity Assessment |
9.1 India Balance Shaft Market Opportunity Assessment, By Engine Type, 2021 & 2031F |
9.2 India Balance Shaft Market Opportunity Assessment, By Manufacturing Process, 2021 & 2031F |
10 India Balance Shaft Market - Competitive Landscape |
10.1 India Balance Shaft Market Revenue Share, By Companies, 2024 |
10.2 India Balance Shaft Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |