According to the latest report by IMARC Group titled, “Automotive Camshaft Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which comprises insights on the automotive camshaft market report. The report also includes competitor and regional analysis, and contemporary advancements in the market. The global automotive camshaft market size reached US$ 2.7 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 3.5 Billion by 2027, exhibiting a growth rate (CAGR) of 4.17% during 2022-2027.
A camshaft represents a rotating object made up of metal and usually has a rod-like structure. In terms of technology, it can be categorized into cast camshaft, forged steel camshaft, assembled camshaft, etc. These camshaft variants are customized to control the input of fuel and expulsion of exhaust fumes in the internal combustion engine systems of automobiles. They are mainly propelled by the crankshaft and often serve the purpose of driving the distributor and the operating fuel injectors in early fuel injection systems. Consequently, camshaft structures are extensively utilized in passenger cars, light commercial vehicles, and heavy commercial vehicles.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviors of the consumers globally–our estimates about the latest market trends and forecast values after considering the impact of this pandemic. These observations will be integrated into the report.
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Global Automotive Camshaft Market Trends:
The launch of the latest car models with variable valve (VVT) technology that improve engine performance by altering the duration of the opening and closing of valves during operations is primarily driving the automotive camshaft market. Furthermore, the emerging trend of engine downsizing, owing to the implementation of stringent regulations by government bodies aimed at preventing high emission levels, is also positively influencing the global market. Besides this, the rising sales and production of passenger car models in developing countries are acting as significant growth-inducing factors. Additionally, the increasing focus among leading manufacturers towards designing and including side shaft systems for hybrid and electric vehicles (EVs) and the elevating advancements in valve technologies are expected to catalyze the automotive camshaft market in the coming years.
Competitive Landscape with Key Players:
- Precision Camshafts Ltd. (PRECAM.NS) Mahle LINAMAR CORP (LNR.TO)
- THYSSENKRUPP AG (TYEKF)
- Aichi Forge USA Inc.
- VARROC ENGINEERING (VARROC.NS)
- JD Norman Industries, Inc.
- Estas Camshaft & Chilled Cast
- Crance Cams Inc.
- Engine Power Components Inc.
- Hirschvogel Holding GmbH
- Kautex Textron Gmbh & Co. KG
- Shadbolt Cams
- Comp Performance Group
- Camshaft Machine Company
Breakup by Manufacturing Technology:
- Cast Camshaft
- Forged Steel Camshaft
- Assembled Camshaft
Breakup by Vehicle Type:
- Passenger Car
- Light Commercial Vehicle
- Heavy Commercial Vehicle
Breakup by Distribution Channel:
- OEM
- Aftermarket
Breakup by Region:
- Asia Pacific
- Europe
- North America
- the Middle East and Africa
- Latin America
Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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