Balance Shafts Market Report 2026

The balance shafts market size has grown steadily in recent years. It will grow from $14.71 billion in 2025 to $15.43 billion in 2026 at a compound annual growth rate (CAGR) of 4.9%. The growth in the historic period can be attributed to automotive engine downsizing, rise of multi-cylinder engines, demand for smoother ride quality, growth of passenger car production, adoption of inline engines.

The balance shafts market size is expected to see steady growth in the next few years. It will grow to $18.69 billion in 2030 at a compound annual growth rate (CAGR) of 4.9%. The growth in the forecast period can be attributed to stringent emission norms, demand for fuel-efficient vehicles, lightweight engine component adoption, electric-hybrid powertrain optimization, advanced engine balancing technologies. Major trends in the forecast period include integration of balance shafts in downsized engines, demand for nvh reduction solutions, adoption in turbocharged engines, precision forging adoption, lightweight balance shaft designs.

The growing demand for fuel efficiency is expected to boost the growth of the balance shaft market going forward. Fuel efficiency refers to how far a car can travel on a given amount of fuel, measuring how efficiently a vehicle converts chemical energy from fuel into kinetic energy. By reducing engine friction and vibration, balance shafts contribute to lower overall fuel consumption, helping to reduce CO2 emissions and improve efficiency. For instance, in January 2024, according to a report published by Kelley Blue Book, a US-based Cox Automotive company, in 2023, a record 1.2 million car buyers in the United States chose electric vehicles, accounting for 7.6% of the entire U.S. vehicle market, up from 5.9% in 2022. Therefore, the growing demand for fuel efficiency is driving the growth of the balance shaft market.

The growing automobile industry is expected to further propel the growth of the balance shaft market. The automobile industry encompasses businesses and institutions engaged in the creation, production, marketing, and sale of vehicles. Balance shafts are used in vehicles to reduce vibration and improve engine performance, efficiency, and durability, while also reducing engine noise and enhancing passenger comfort. For instance, in June 2023, according to the Society of Motor Manufacturers and Traders (SMMT), a UK-based trade association, sales of passenger cars in the UK increased by 25.8%, from 140,958 units in 2022 to 177,266 units in 2023. Therefore, the growing automobile industry is driving the growth of the balance shaft market.

The increasing investments in the automotive industry are expected to propel the growth of the balance shaft market going forward. Investments in the automotive sector refer to capital allocation toward vehicle production, technology development, infrastructure, and related services to drive growth, innovation, and competitiveness. Rising demand for electric and autonomous vehicles is prompting manufacturers to fund advanced technologies and expand production, which supports the adoption of balance shafts by enabling smoother, more efficient engines with reduced vibration and improved performance. For instance, in May 2025, according to the Verband der Automobilindustrie, a Germany-based automotive association, research and development investments by German automotive companies rose by 11% year-on-year in 2023, reaching €58.4 billion ($63.1 billion). Therefore, increasing automotive investments are driving the growth of the balance shaft market.

Major companies operating in the balance shafts market report include Linamar Corporation, American Axle & Manufacturing Holdings Inc., Schaeffler Technologies AG & Co. KG, Metaldyne Performance Group Inc., Hirschvogel Holding GmbH, SHW AG, MAT Foundry Group Ltd., Sansera Engineering Pvt. Ltd., Ningbo Jingda Hardware Manufacture Co. Ltd., Hirschvogel Group, Engine Power Components Inc., Otics Corporation, Rane Engine Valve Limited, SAC Engine Components Pvt. Ltd, TFO Corporation, Shanghai Spb Industry Co. Ltd., Hines Industries Inc., oso precision GmbH, Hunan Qilu Industrial Co. Ltd., Jinan Zhengdian Automobile Parts Co. Ltd., Kersten Maschinenbau GmbH, MFT Motoren und Fahrzeugtechnik GmbH, JL Autoparts Pvt. Ltd., Qingdao Milestone Vehicle Parts Co. Ltd, Mitec-Jebsen Automotive Systems (Dalian) Co Ltd.

North America was the largest region in the balance shafts market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the balance shafts market report include Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the balance shafts market report include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The balance shaft market consists of sales of camshafts, bearing caps, crankshafts, valve tappets, and connecting rods. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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