India Balance Shaft Market (2025-2031) Outlook | Forecast, Share, Analysis, Growth, Industry, Revenue, Trends, Value, Companies & Size

Market Forecast By Engine Type (Inline-3 Cylinder, Inline-4 Cylinder, Inline-5 Cylinder, V-6 Cylinder), By Manufacturing Process (Forged , Cast Balance Shaft) And Competitive Landscape
Product Code: ETC4576165 Publication Date: Jul 2023 Product Type: Report
Publisher: 6Wresearch No. of Pages: 85 No. of Figures: 45 No. of Tables: 25

India Balance Shaft Market Import Shipment Trend (2020-2024)

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.

Graph Showing India balance shaft market Shipment Trend & Volume from 2020-2024

India Balance Shaft Market Overview

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.

Drivers of the Market

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.

Challenges of the Market

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.

COVID-19 Impact on the Market

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.

Key Players in the Market

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.

Key Highlights of the Report:

  • India Balance Shaft Market Outlook
  • Market Size of India Balance Shaft Market, 2024
  • Forecast of India Balance Shaft Market, 2031
  • Historical Data and Forecast of India Balance Shaft Revenues & Volume for the Period 2021-2031
  • India Balance Shaft Market Trend Evolution
  • India Balance Shaft Market Drivers and Challenges
  • India Balance Shaft Price Trends
  • India Balance Shaft Porter's Five Forces
  • India Balance Shaft Industry Life Cycle
  • Historical Data and Forecast of India Balance Shaft Market Revenues & Volume By Engine Type for the Period 2021-2031
  • Historical Data and Forecast of India Balance Shaft Market Revenues & Volume By Inline-3 Cylinder for the Period 2021-2031
  • Historical Data and Forecast of India Balance Shaft Market Revenues & Volume By Inline-4 Cylinder for the Period 2021-2031
  • Historical Data and Forecast of India Balance Shaft Market Revenues & Volume By Inline-5 Cylinder for the Period 2021-2031
  • Historical Data and Forecast of India Balance Shaft Market Revenues & Volume By V-6 Cylinder for the Period 2021-2031
  • Historical Data and Forecast of India Balance Shaft Market Revenues & Volume By Manufacturing Process for the Period 2021-2031
  • Historical Data and Forecast of India Balance Shaft Market Revenues & Volume By Forged for the Period 2021-2031
  • Historical Data and Forecast of India Balance Shaft Market Revenues & Volume By Cast Balance Shaft for the Period 2021-2031
  • India Balance Shaft Import Export Trade Statistics
  • Market Opportunity Assessment By Engine Type
  • Market Opportunity Assessment By Manufacturing Process
  • India Balance Shaft Top Companies Market Share
  • India Balance Shaft Competitive Benchmarking By Technical and Operational Parameters
  • India Balance Shaft Company Profiles
  • India Balance Shaft Key Strategic Recommendations

Frequently Asked Questions About the Market Study (FAQs):

6Wresearch actively monitors the India Balance Shaft Market and publishes its comprehensive annual report, highlighting emerging trends, growth drivers, revenue analysis, and forecast outlook. Our insights help businesses to make data-backed strategic decisions with ongoing market dynamics. Our analysts track relevent industries related to the India Balance Shaft Market, allowing our clients with actionable intelligence and reliable forecasts tailored to emerging regional needs.
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com

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

Pricing
  • Single User License
    $ 1,995
  • Department License
    $ 2,400
  • Site License
    $ 3,120
  • Global License
    $ 3,795
6Wresearch Support

Any Query

Call: +91-11-4302-4305
Email us: sales@6wresearch.com
Any Query? Click Here

Related Reports

Industry Events and Analyst Meet

Our Clients

Airtel
Canon
Contec
HoneyWell
Kriloskar
Pwc Logo
Samsung
Tata Teleservices

Whitepaper

Read All