The Global Automotive Balance Shaft Market is expected to grow by 16.06 mn units during 2020-2024 progressing at a CAGR of 3% during the forecast period

NEW YORK, June 8, 2020 /PRNewswire/ --

Global Automotive Balance Shaft Market 2020-2024
The analyst has been monitoring the automotive balance shaft market and it is poised to grow by 16.06 mn units during 2020-2024 progressing at a CAGR of 3% during the forecast period. Our reports on automotive balance shaft market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.



Read the full report: https://www.reportlinker.com/p05401881/?utm_source=PRN


The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the increasing demand for fuel-efficient vehicles, growth of automotive industry in emerging economies and performance benefits associated with use of balancer shafts in engines. In addition, increasing demand for fuel-efficient vehicles is anticipated to boost the growth of the market as well.
The automotive balance shaft market analysis includes application segment and geographic landscapes

The automotive balance shaft market is segmented as below:
By Application
• In-line 4-cylinder engine
• In-line 3-cylinder engine
• Others

By Geographic Landscapes
• APAC
• Europe
• North America
• South America
• MEA

This study identifies the development of new material solutions as one of the prime reasons driving the automotive balance shaft market growth during the next few years. Also, development of modular automotive engines and development of camless engine technology will lead to sizable demand in the market.
The analyst presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our automotive balance shaft market covers the following areas:
• Automotive balance shaft market sizing
• Automotive balance shaft market forecast
• Automotive balance shaft market industry analysis

Read the full report: https://www.reportlinker.com/p05401881/?utm_source=PRN

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