Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Balance Shafts Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
How Will the Balance Shafts Market Grow Between 2024 and 2025?
The market size of the balance shafts has seen notable growth in the past few years. In 2024, it was valued at $14 billion and is predicted to increase to $14.71 billion in 2025. The CAGR for this market is projected to be 5.0%.
How Much Will the Balance Shafts Market Be Worth in 2029?
The balance shafts market is projected to reach $17.82 billion in 2029, growing at a compound annual growth rate (CAGR) of 4.9%.
Download the Free Sample Now:
Which Balance Shafts Market Drivers Are Linked to Revenue Growth?
The key drivers in the balance shafts market are:
• Continued expansion of the automotive industry
• Increasing emphasis on fuel economy
• Adoption of balance shafts in electric and hybrid vehicles
• Focus on vehicle comfort and reduction of noise, vibration, and harshness (NVH)
Which Segments Are Expected to Grow in the Balance Shafts Market?
The balance shafts market covered in this report is segmented –
1) By Engine Type: Inline-3 Cylinder Engine, Inline-4 Cylinder Engine, Inline-5 Cylinder Engine, V6 Engine
2) By Manufacturing Process: Casting, Forging
3) By Application: Passenger Cars, Light Commercial Vehicle (LCV), Heavy Commercial Vehicle (HCV)
Explore the Complete Market Report:
What Are The Key Trends Impacting Growth In The Global Balance Shafts Market?
The key trends in the balance shafts market are:
• The development of twin-scroll balance shafts is a key emerging trend.
• The application of advanced materials in balance shaft construction is becoming more popular.
• Implementation of variable valve timing (VVT) in balance shaft systems is a growing trend.
• The adoption of balancer modules for specific engine configurations and incorporation of noise, vibration, and harshness (NVH) reduction technologies are also trending.
Who Are the Key Competitors in the Global Balance Shafts Market?
Major players in the balance shafts market are:
• Linamar Corporation
• American Axle & Manufacturing Holdings Inc.
• Schaeffler Technologies AG & Co. KG
• Metaldyne Performance Group Inc.
• Hirschvogel Holding GmbH
• SHW AG
• MAT Foundry Group Ltd.
• Sansera Engineering Pvt. Ltd.
• Ningbo Jingda Hardware Manufacture Co. Ltd.
• Hirschvogel Group
• Engine Power Components Inc.
• Otics Corporation
• Rane Engine Valve Limited
• SAC Engine Components Pvt. Ltd.
• TFO Corporation
• Shanghai Spb Industry Co. Ltd.
• Hines Industries Inc.
• oso precision GmbH
• Bailey Morris Limited
• Hunan Qilu Industrial Co. Ltd.
• Jinan Zhengdian Automobile Parts Co. Ltd.
• Kersten Maschinenbau GmbH
• MFT Motoren und Fahrzeugtechnik GmbH
• JL Autoparts Pvt. Ltd.
• Qingdao Milestone Vehicle Parts Co. Ltd.
• Mitec-Jebsen Automotive Systems (Dalian) Co Ltd.
Where Is the Balance Shafts Market Growing Fastest Between 2025 and 2029?
North America was the largest region in the balance shafts market in 2024
