세계의 자동차용 밸런스 샤프트 시장 : 시장 규모, 점유율, 성장 및 산업 분석 - 유형별, 용도별, 지역별 인사이트 및 예측(2024-2032년)

Growth Factors of automotive balance shaft Market

The global automotive balance shaft market is witnessing consistent growth owing to the rising demand for smoother engine operations, enhanced vehicle comfort, and compliance with stringent NVH (Noise, Vibration, Harshness) standards. With a valuation of USD 15.13 billion in 2024, the market is expected to reach USD 15.68 billion in 2025, and further expand to USD 21.94 billion by 2032. Asia Pacific led the global market in 2024 with an impressive 51.62% share, driven by strong vehicle production in China, India, and Japan.

Automotive balance shafts are critical in internal combustion engines (ICE), especially inline and V-engine configurations, where inherent vibration patterns require engineering interventions. By operating at twice the crankshaft speed, balance shafts counterbalance second-order forces, reducing engine harshness and improving overall automobile performance. Their necessity in modern ICE vehicles continues to elevate their adoption globally.

Market Dynamics

Market Drivers - NVH Reduction & Consumer Comfort

Demand for quieter and more comfortable vehicles is a significant market catalyst. Modern consumers place high value on smooth driving experiences, making NVH management an essential component of automotive engineering. Balance shafts have become central to this improvement trend.

Manufacturers face growing pressure to comply with NVH regulations and industry standards. Failure to meet these benchmarks affects brand value and customer satisfaction. Therefore, automakers increasingly integrate improved balance shaft systems to ensure refined engine operation.

In addition, technological advancement in NVH testing enables precise identification of engine vibration sources, further emphasizing the role of balance shafts. Manufacturers are now adopting lightweight, forged designs and advanced machining processes to meet efficiency targets.

Market Restraints - Accelerated EV Penetration

A key restraint in this market is the rapid adoption of electric vehicles. EVs do not require balance shafts due to the absence of combustion-based mechanical vibrations.

According to the International Energy Agency (IEA) 2023 report:

• 14 million new electric cars were registered globally.
• EV sales increased by 35% from 2022.
• Weekly EV registrations surpassed 250,000 units.

As EV penetration rises, demand for ICE components-including balance shafts-will be affected in the long term. However, ICE vehicles will remain relevant in multiple regions over the next decade, sustaining stable market demand.

Market Opportunities - Emission Regulations & Engine Optimization

Stricter global emission norms are compelling automakers to enhance engine performance and reduce inefficiencies. Balance shafts contribute to:

• Higher fuel efficiency
• Lower engine load
• Reduced friction and vibration
• Improved combustion stability

These aspects make balance shafts strategically important during the global transition phase toward cleaner automotive technologies.

Streamlined engine designs, especially inline-4 cylinder engines, which are heavily dependent on balance shafts, present robust opportunities for manufacturers. Collaborative strategies between OEMs and balance shaft suppliers continue to unlock new design innovations, strengthening competitive advantage.

Market Trends

Lightweight & Advanced Manufacturing

Manufacturers are increasingly shifting toward lightweight materials like aluminum alloys and composites. This helps reduce engine mass and enhance vehicle efficiency. Advanced machining, 3D printing, and high-precision forging are enabling more complex shaft geometries, improving performance and durability.

Growing Inline-4 Engine Adoption

Inline-4 engines remain the preferred choice for fuel-efficient passenger cars. Their vibration tendencies necessitate balance shafts, keeping demand strong even as powertrains evolve.

Segmentation Analysis

By Engine Type

• Inline-4 Cylinder - Largest share in 2024 due to fuel efficiency, compact design, turbocharging compatibility, and widespread use in mass-market vehicles.
• V6 Engines - Fastest growth (2025-2032) owing to performance improvements, smoother operations, and versatility across SUVs and luxury models.

By Manufacturing Process

• Forging (76.38% share in 2025) - Highest strength, durability, and NVH performance. Preferred for modern automotive applications.
• Casting - Benefiting from automation, expected to grow at 4.10% CAGR during 2025-2032.

By Vehicle Type

• Passenger Cars - Fastest-growing segment (CAGR 5.80%)

Driven by rising urbanization, demand for personal mobility, and the adoption of fuel-efficient engines.

• Light Commercial Vehicles (LCV) - Largest share in 2024 (45% in 2025)

Growth powered by e-commerce expansion and logistics demand.

Regional Outlook

Asia Pacific - Largest Market

• 2024 Value: USD 7.80 billion
• Strong production ecosystem across China, India, Japan.
• 2025: China (USD 4.60B), India (USD 1.01B), Japan (USD 1.21B)

North America - Second Leading Region

• 2025 Forecast: USD 4.48 billion
• Strong OEM base: Ford, GM, Stellantis
• Highly advanced component manufacturing technologies

Europe - Fastest Growth Expected

• 2025 Value: USD 2.18 billion
• Driven by emission norms, engine optimization requirements, and mature auto manufacturing.
• Germany (USD 0.42B), France (USD 2.66B in 2025)

Rest of World

• 2025 Forecast: USD 0.95 billion
• Growth propelled by infrastructure expansion and rising vehicle production.

Competitive Landscape

Key companies focus heavily on innovation, lightweight material development, and precision manufacturing. The market includes global leaders such as:

• MAT Foundry Group
• Musashi Seimitsu Industry
• American Axle & Manufacturing
• SHW AG
• OTICS Corporation
• Sansera Engineering
• TFO Corporation

Industry Developments

• 2025: Cummins introduced the advanced 6.7L turbo diesel engine for Ram Heavy Duty models.
• 2025: Tata Motors began hydrogen engine testing for commercial fleets.
• 2024: Subaru, Toyota, Mazda collaborated on new carbon-neutral engines.
• 2024: Volvo began developing hydrogen combustion trucks.

Conclusion

With the market expanding from USD 15.13 billion in 2024 to USD 21.94 billion by 2032, the global automotive balance shaft sector is poised for solid growth. While EVs present long-term challenges, the ongoing optimization of ICE engines, advancements in manufacturing, and the dominance of inline-4 engines ensure sustained demand.

Segmentation

By Engine Type

• Inline 3 Cylinder
• Inline 4 Cylinder
• Inline 5 Cylinder
• V 6 Cylinder

By Manufacturing Process

• Forging
• Casting

By Vehicle Type

• Passenger Cars
• LCV
• HCV

By Region

• North America (By Engine Type, By Manufacturing Process, By Vehicle Type, and By Country)
  • U.S. (By Vehicle Type)
  • Canada (By Vehicle Type)
  • Mexico (By Vehicle Type)
• Europe (By Engine Type, By Manufacturing Process, By Vehicle Type, and By Country)
  • U.K. (By Vehicle Type)
  • Germany (By Vehicle Type)
  • France (By Vehicle Type)
  • Rest of Europe (By Vehicle Type)
• Asia Pacific (By Engine Type, By Manufacturing Process, and By Country)
  • China (By Vehicle Type)
  • India (By Vehicle Type)
  • Japan (By Vehicle Type)
  • South Korea (By Vehicle Type)
  • Rest of Asia Pacific (By Vehicle Type)
• Rest of the World (By Engine Type, By Manufacturing Process, and By Vehicle Type)

Table of Content

1. Introduction

• 1.1. Research Scope
• 1.2. Market Segmentation
• 1.3. Research Methodology
• 1.4. Definitions and Assumptions

2. Executive Summary

3. Market Dynamics

• 3.1. Market Drivers
• 3.2. Market Restraints
• 3.3. Market Opportunities
• 3.4. Market Trends

4. Key Insights

• 4.1. Key Industry Developments - Key Contracts & Agreements, Mergers, Acquisitions and Partnerships
• 4.2. Latest Technological Advancements
• 4.3. Porters Five Forces Analysis
• 4.4. Supply Chain Analysis

5. Global Automotive Balance Shaft Market Analysis, Insights and Forecast, 2019-2032

• 5.1. Key Findings / Definition
• 5.2. Market Analysis, Insights and Forecast - By Engine Type
  • 5.2.1. Inline 3 Cylinder
  • 5.2.2. Inline 4 Cylinder
  • 5.2.3. Inline 5 Cylinder
  • 5.2.4. V 6 Cylinder
• 5.3. Market Analysis, Insights and Forecast - By Manufacturing Process
  • 5.3.1. Forging
  • 5.3.2. Casting
• 5.4. Market Analysis, Insights and Forecast - By Vehicle Type
  • 5.4.1. Passenger Cars
  • 5.4.2. LCV
  • 5.4.3. HCV
• 5.5. Market Analysis, Insights and Forecast - By Region
  • 5.5.1. North America
  • 5.5.2. Europe
  • 5.5.3. Asia Pacific
  • 5.5.4. Rest of World

6. North America Automotive Balance Shaft Market Analysis, Insights and Forecast, 2019-2032

• 6.1. Market Analysis, Insights and Forecast - By Engine Type
  • 6.1.1. Inline 3 Cylinder
  • 6.1.2. Inline 4 Cylinder
  • 6.1.3. Inline 5 Cylinder
  • 6.1.4. V 6 Cylinder
• 6.2. Market Analysis, Insights and Forecast - By Manufacturing Process
  • 6.2.1. Forging
  • 6.2.2. Casting
• 6.3. Market Analysis, Insights and Forecast - By Vehicle Type
  • 6.3.1. Passenger Cars
  • 6.3.2. LCV
  • 6.3.3. HCV
• 6.4. Market Analysis, Insights and Forecast - By Country
  • 6.4.1. U.S.
    • 6.4.1.1. Market Analysis, Insights and Forecast - By Vehicle Type
      • 6.4.1.1.1. Passenger Cars
      • 6.4.1.1.2. LCV
      • 6.4.1.1.3. HCV
  • 6.4.2. Canada
    • 6.4.2.1. Market Analysis, Insights and Forecast - By Vehicle Type
      • 6.4.2.1.1. Passenger Cars
      • 6.4.2.1.2. LCV
      • 6.4.2.1.3. HCV
  • 6.4.3. Mexico
    • 6.4.3.1. Market Analysis, Insights and Forecast - By Vehicle Type
      • 6.4.3.1.1. Passenger Cars
      • 6.4.3.1.2. LCV
      • 6.4.3.1.3. HCV

7. Europe Automotive Balance Shaft Market Analysis, Insights and Forecast, 2019-2032

• 7.1. Market Analysis, Insights and Forecast - By Engine Type
  • 7.1.1. Inline 3 Cylinder
  • 7.1.2. Inline 4 Cylinder
  • 7.1.3. Inline 5 Cylinder
  • 7.1.4. V 6 Cylinder
• 7.2. Market Analysis, Insights and Forecast - By Manufacturing Process
  • 7.2.1. Forging
  • 7.2.2. Casting
• 7.3. Market Analysis, Insights and Forecast - By Vehicle Type
  • 7.3.1. Passenger Cars
  • 7.3.2. LCV
  • 7.3.3. HCV
• 7.4. Market Analysis, Insights and Forecast - By Country
  • 7.4.1. U.K.
    • 7.4.1.1. Market Analysis, Insights and Forecast - By Vehicle Type
      • 7.4.1.1.1. Passenger Cars
      • 7.4.1.1.2. LCV
      • 7.4.1.1.3. HCV
  • 7.4.2. Germany
    • 7.4.2.1. Market Analysis, Insights and Forecast - By Vehicle Type
      • 7.4.2.1.1. Passenger Cars
      • 7.4.2.1.2. LCV
      • 7.4.2.1.3. HCV
  • 7.4.3. France
    • 7.4.3.1. Market Analysis, Insights and Forecast - By Vehicle Type
      • 7.4.3.1.1. Passenger Cars
      • 7.4.3.1.2. LCV
      • 7.4.3.1.3. HCV
  • 7.4.4. Rest of Europe
    • 7.4.4.1. Market Analysis, Insights and Forecast - By Vehicle Type
      • 7.4.4.1.1. Passenger Cars
      • 7.4.4.1.2. LCV
      • 7.4.4.1.3. HCV

8. Asia Pacific Automotive Balance Shaft Market Analysis, Insights and Forecast, 2019-2032

• 8.1. Market Analysis, Insights and Forecast - By Engine Type
  • 8.1.1. Inline 3 Cylinder
  • 8.1.2. Inline 4 Cylinder
  • 8.1.3. Inline 5 Cylinder
  • 8.1.4. V 6 Cylinder
• 8.2. Market Analysis, Insights and Forecast - By Manufacturing Process
  • 8.2.1. Forging
  • 8.2.2. Casting
• 8.3. Market Analysis, Insights and Forecast - By Vehicle Type
  • 8.3.1. Passenger Cars
  • 8.3.2. LCV
  • 8.3.3. HCV
• 8.4. Market Analysis, Insights and Forecast - By Country
  • 8.4.1. China
    • 8.4.1.1. Market Analysis, Insights and Forecast - By Vehicle Type
      • 8.4.1.1.1. Passenger Cars
      • 8.4.1.1.2. LCV
      • 8.4.1.1.3. HCV
  • 8.4.2. India
    • 8.4.2.1. Market Analysis, Insights and Forecast - By Vehicle Type
      • 8.4.2.1.1. Passenger Cars
      • 8.4.2.1.2. LCV
      • 8.4.2.1.3. HCV
  • 8.4.3. Japan
    • 8.4.3.1. Market Analysis, Insights and Forecast - By Vehicle Type
      • 8.4.3.1.1. Passenger Cars
      • 8.4.3.1.2. LCV
      • 8.4.3.1.3. HCV
  • 8.4.4. South Korea
    • 8.4.4.1. Market Analysis, Insights and Forecast - By Vehicle Type
      • 8.4.4.1.1. Passenger Cars
      • 8.4.4.1.2. LCV
      • 8.4.4.1.3. HCV
  • 8.4.5. Rest of Asia Pacific
    • 8.4.5.1. Market Analysis, Insights and Forecast - By Vehicle Type
      • 8.4.5.1.1. Passenger Cars
      • 8.4.5.1.2. LCV
      • 8.4.5.1.3. HCV

9. Rest of World Automotive Balance Shaft Market Analysis, Insights and Forecast, 2019-2032

• 9.1. Market Analysis, Insights and Forecast - By Engine Type
  • 9.1.1. Inline 3 Cylinder
  • 9.1.2. Inline 4 Cylinder
  • 9.1.3. Inline 5 Cylinder
  • 9.1.4. V 6 Cylinder
• 9.2. Market Analysis, Insights and Forecast - By Manufacturing Process
  • 9.2.1. Forging
  • 9.2.2. Casting
• 9.3. Market Analysis, Insights and Forecast - By Vehicle Type
  • 9.3.1. Passenger Cars
  • 9.3.2. LCV
  • 9.3.3. HCV

10. Competitive Analysis

• 10.1. Global Market Rank Analysis (2024)
• 10.2. Competitive Dashboard

11. Company Profiles

• 11.1. Hitachi Astemo Americas, Inc.
  • 11.1.1. Overview
  • 11.1.2. Products & services
  • 11.1.3. SWOT Analysis
  • 11.1.4. Recent Developments
  • 11.1.5. Strategies
  • 11.1.6. Financials (Based on Availability)
• 11.2. Marposs S.p.A.
  • 11.2.1. Overview
  • 11.2.2. Products & services
  • 11.2.3. SWOT Analysis
  • 11.2.4. Recent Developments
  • 11.2.5. Strategies
  • 11.2.6. Financials (Based on Availability)
• 11.3. MAT Foundry Group Ltd.
  • 11.3.1. Overview
  • 11.3.2. Products & services
  • 11.3.3. SWOT Analysis
  • 11.3.4. Recent Developments
  • 11.3.5. Strategies
  • 11.3.6. Financials (Based on Availability)
• 11.4. SAC Engine Components Pvt. Ltd.
  • 11.4.1. Overview
  • 11.4.2. Products & services
  • 11.4.3. SWOT Analysis
  • 11.4.4. Recent Developments
  • 11.4.5. Strategies
  • 11.4.6. Financials (Based on Availability)
• 11.5. American Axle & Manufacturing, Inc.
  • 11.5.1. Overview
  • 11.5.2. Products & services
  • 11.5.3. SWOT Analysis
  • 11.5.4. Recent Developments
  • 11.5.5. Strategies
  • 11.5.6. Financials (Based on Availability)
• 11.6. SHW AG
  • 11.6.1. Overview
  • 11.6.2. Products & services
  • 11.6.3. SWOT Analysis
  • 11.6.4. Recent Developments
  • 11.6.5. Strategies
  • 11.6.6. Financials (Based on Availability)
• 11.7. OTICS Corp.
  • 11.7.1. Overview
  • 11.7.2. Products & services
  • 11.7.3. SWOT Analysis
  • 11.7.4. Recent Developments
  • 11.7.5. Strategies
  • 11.7.6. Financials (Based on Availability)
• 11.8. Engine Power Components, Inc.
  • 11.8.1. Overview
  • 11.8.2. Products & services
  • 11.8.3. SWOT Analysis
  • 11.8.4. Recent Developments
  • 11.8.5. Strategies
  • 11.8.6. Financials (Based on Availability)
• 11.9. Sansera Engineering Limited
  • 11.9.1. Overview
  • 11.9.2. Products & services
  • 11.9.3. SWOT Analysis
  • 11.9.4. Recent Developments
  • 11.9.5. Strategies
  • 11.9.6. Financials (Based on Availability)
• 11.10. TFO Corporation
  • 11.10.1. Overview
  • 11.10.2. Products & services
  • 11.10.3. SWOT Analysis
  • 11.10.4. Recent Developments
  • 11.10.5. Strategies
  • 11.10.6. Financials (Based on Availability)