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Automotive balance shaft market to reach $14,848 million, globally by 2023 according to new research report

According to a recent report published by Allied Market Research, titled, Automotive Balance Shaft Market by Manufacturing Type, Engine Type, and Vehicle Type: Global Opportunity Analysis and Industry Forecast, 2017-2023, the global automotive balance shaft market was valued at $10,027 Million in 2016, and is projected to reach at $14,848 Million by 2023, growing at a CAGR of 5.5% from 2017 to 2023.

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Asia-Pacific dominates this market presently, followed by Europe. In 2016, China dominated the market in Asia-Pacific.

Rise in demand for the Inline-4 Cylinder Engine especially in the Asia-Pacific region has played a vital role in driving the automobile balance shaft market. Further, the need for eco-friendly automobiles is on an increase owing to the strict government emission policies.

However, demand for electric vehicle hampers the automotive balance shaft market to a greater extent. On the other hand, pressure over the manufacturers to integrate balance shafts in automobiles to provide engines with reduced vibration, noise, and vibration is projected to create greater opportunities.

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Allied Market Research - Powering Enterprises through Business IntelligenceAllied Market Research
Category: Market Research Publishers and RetailersCompany about: Allied Market Research is a global market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions”. AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market dom ...
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