Automotive Camshaft Market: Global Size, Share, Trends, Growth and Forecast, 2022-2032
Automotive Camshaft Market Overview
The automotive camshaft market refers to the global market for camshafts used in various types of vehicles, including cars, trucks, buses, and motorcycles. Camshafts are an essential component of the internal combustion engine, and they control the opening and closing of the engine's valves.
The camshaft is responsible for the precise timing of the valve movements that allow air and fuel to enter the engine and exhaust gases to exit. It does this by converting the rotational motion of the engine's crankshaft into the linear motion required to open and close the valves.
The automotive camshaft market includes a wide range of camshaft types, including overhead camshaft (OHC), single overhead camshaft (SOHC), double overhead camshaft (DOHC), and pushrod camshaft. Camshafts can be made from various materials, including cast iron, steel, and aluminum, and they can be either hollow or solid.
The market also includes a range of camshaft accessories, such as cam followers, rocker arms, and timing belts or chains, which are used to drive the camshaft. The market is driven by the demand for fuel-efficient vehicles, increasing adoption of hybrid and electric vehicles, and the rising demand for performance-oriented vehicles.
Automotive Camshaft Market Insights
The automotive camshaft market is anticipated to flourish at a CAGR of 5.9% over the forecast period i.e. 2022-2032. Further, the market for automotive camshaft was valued at USD 3,864.7 Million in 2021.
Growth Drivers – Automotive Camshaft Market
Increasing Sale of Automotive Vehicles
Growing demand and sales of automotive vehicles is resulting in increased demand for growth of the global automotive camshaft market. Passenger car is witnessing significant demand from emerging nations. Further, sales light and heavy commercial vehicle has also increased in developing nations on the account of growing usage in industrial and infrastructure development. Given the growth of automotive witnessed in these nations, automotive camshaft market is set to grow at a remarkable pace during the forecast period.
Expanding Automotive Manufacturing Facilities
Fuelling automotive demands across the globe is encouraging vehicle manufacturers to increase their manufacturing capacity. Further, this expansion of manufacturing facility is increasing the production of vehicles which in turn is rising the demand for automotive camshaft. Apart from this, growing affluent middle-class population is positively impacting the demand for automotive. These factors are envisioned to bolster the growth of automotive camshaft market.
Barriers – Automotive Camshaft Market
Presence of Local Vendors in Market
Presence of local vendors is hindering the growth of global automotive camshaft. Moreover, availability of low-quality camshaft in market is also acting as a restraint for global automotive camshaft market.
The automotive camshaft market by product type is segmented into cast camshaft, forged camshaft and others. The market for forged steel camshaft captured highest percentage in 2019. Moreover, it is anticipated to continue its dominance during the forecast period. Factors such as strict emission norms coupled with requirement of advanced engines is anticipated to foster the growth of automotive camshaft market.
Further, global automotive camshaft market is also segmented by application into OEM and aftermarket. OEM segment captured high market share during the forecast period.
Geographically, the report offers analysis of North America, Europe, Asia Pacific, Latin America and Middle East & Africa. In automotive camshaft market, Asia Pacific captured highest percentage of market share in global automotive camshaft market. Rise in number of automotive vehicles registration and growing middle-class population is anticipated to pave the way for the growth of Asia Pacific automotive camshaft market. Moreover, Asia Pacific automotive camshaft market is anticipated to witness robust growth during the forecast period. Emerging countries such as China and India are showcasing high demand for automotive vehicles which is expected to boost the growth of Asia Pacific automotive camshaft market.
The report profiles various major market players such as;
- Mahle GmbH
- Thyssenkrupp AG
- JD Norman Industries, Inc.
- Linamar Corporation
- Crance Cams Inc.
- ESTAS CAMSHAFT & CHILLED CAST
- Engine Power Components Inc.
- Hirschvogel Holding GmbH
- Shadbolt Cams
- Comp Performance Group
- Other Key & Niche Players
Competitive landscape analysis provides detailed strategic analysis of the company’s business and performance such as financial information, revenue breakup by segment and by geography, SWOT Analysis, key facts, company overview, business strategy, key product offerings, marketing and distribution strategies, new product development, recent news (acquisition, expansion, technology development, research & development and other market activities).
The study also provides company’s positioning and market share in automotive camshaft market.
Timeline Considered for Analysis:
- 2021: Base Year
- 2022: Estimated Year
- 2022 to 2032: Forecasted Year
Research Scope and Deliverables
Overview & Executive Summary
Market Drivers, Trends, Challenges and Opportunities
Market Size and Forecast Projections
Macroeconomic Indicators of Various Countries Impacting the Growth of the Market
Extensive Coverage of Industry Players including Recent Product Launches and Market Activities
Porter’s Five Force Analysis
Market Segmentation Analysis:
Industry report analyzes the global automotive camshaft market by the following segments:
- Product Type
- Vehicle Type
- Sales Channel
Customization: We also offers customization’s in the industry report as per the company’s specific needs.
Key Questions Answered in the Global Automotive Camshaft Industry Report
- What is the overall market size in 2019? What will be the market growth during the forecast period i.e. 2022-2032?
- Which region would have high demand for product in the upcoming years?
- What are the factors driving the growth of the market?
- Which sub-market will make the most significant contribution to the market?
- What are the market opportunities for existing and entry-level players?
- What are various long-term and short-term strategies adopted by the market players?