The global vehicle balance shaft market is divided into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. The North American vehicle balance shaft market is expected to grow at a CAGR during the forecast period. This growth is attributed to the increasing stringency of regulatory bodies in reducing carbon footprint and emissions, which is also a major factor propelling regional market growth. For example, in the United States, Corporate Average Fuel Economy (CAFÉ) Standards are encouraging the adoption of energy-efficient automobiles by developing regulations to reduce petroleum consumption and increase the use of alternative fuel vehicles such as hybrid vehicles. As a result, the global vehicle balance shaft market is in an excellent position to expand.
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