Vehicle Balance Shaft Market Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2022-2028
A balance
shaft is an eccentrically weighted shaft that is designed to rotate and vibrate
in order to reduce engine vibration. In four-cylinder engines, the balance
shaft is commonly used.
Factors
driving global market growth include rising CO2 emissions, as well as
regulations governing exhaust gas emissions. CO2 emissions are proportional to
the amount of fuel consumed during vehicle operation. By reducing friction and
vibration, improving oil mist supply, and reducing oil feed holes, the balance
shaft is responsible for increasing engine efficiency and lowering overall fuel
consumption in order to reduce CO2 emissions. Automotive and transportation
consume a significant portion of global energy, contributing to increased CO2
emissions and global warming. As a result of these factors, governments have
enacted stringent regulations aimed at reducing carbon footprint and improving
fuel efficiency, which is one of the key factors driving growth in the global
vehicle balance shaft market.
Rising
popularity of electric vehicles, as well as increased sales of vehicles used
for sports, are among the major factors restraining growth in the global
vehicle balance shaft market. According to the International Energy Agency
(IEA), over 750 thousand electric vehicles were sold globally in 2016. As a
result, increased production of electric vehicles will reduce demand for
balance shafts in vehicles, as these electric cars and other luxurious vehicles
have high performance engines that do not require balance shafts to operate.
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