[English Market Research Report] Global Market for Automotive Balance Shafts
Product ID: 1345347 Publisher: SkyQuest
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The global market size for automotive balance shafts is expected to grow from 14.1 billion USD in 2022 to 22.47 billion USD by 2030, with a projected CAGR of 28% during the forecast period (2023-2030). The market is anticipated to experience significant growth in the coming years due to factors such as increasing demand for fuel-efficient vehicles, stringent emissions regulations, and an unrelenting pursuit of improved engine performance. As automakers continue to push the limits of engine technology, the demand for balance shafts is expected to surge, particularly in the latest small turbo engines. Furthermore, the increasing adoption of electric vehicles (EVs) and hybrid powertrains, which inherently generate vibrations, necessitates the use of balance shafts to maintain smooth operation.
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Publication Date: August 25, 2023 Publisher: SkyQuest Page Information: English 157 Pages Table of Contents Executive Summary Research Methodology Parent Market Analysis Key Market Insights Market Dynamics and Outlook Global Automotive Balance Shaft Market: By Vehicle Type Global Automotive Balance Shaft Market: By Engine Global Automotive Balance Shaft Market Size: By Region Competitive Landscape Key Company Profiles *The table of contents and prices for this report are as of the time of publication. Please contact us for the latest information.*
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The market research report is an informational document systematically describing market size and trends, based on investigations and analyses of market and technological trends conducted by overseas research publishing companies. In addition to quantitative data such as market trend analysis and future forecasts, it also includes details about the strategies of various companies and profiles of entering firms, which our customers utilize as part of their research on overseas markets and new technologies.
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