VEHICLE BALANCE SHAFT MARKET ANALYSIS
Global Vehicle Balance Shaft Market: Restraint
Rising popularity of electric vehicles and growing sales of vehicles utilized for sports are among the key factors restraining growth of the global vehicle balance shaft market. For instance, according to the International Energy Agency (IEA), over 750 thousand units’ electric vehicles were sold, in 2016, globally. Hence, increase in electric vehicles production will reduce demand for balance shaft in vehicles as these electric cars and other luxurious vehicles have high performance engines, which do not require balance shaft for engine operation.
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