According to recent market study published by Nova One Advisor Market reports titled, “Global Automotive Camshaft Market Vehicle Type, Fuel Type, Engine Type, Manufacturing Technology, Sales Channel and Region: Size, Share, Trends and Opportunity Analysis, 2021-2027”, The global Automotive Camshaft market gathered revenue around USD 3.01 Billion in 2020 and market is set to grow USD 28.4 Billion by the end of 2027 and is estimated to expand at a modest CAGR of 4.2% during the prediction period 2021 to 2027.
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The global automotive camshaft market is expected to impressive growth due to rise in demand and improvement in the automotive market globally. As the demand has risen for high performance and working, fuel efficient, and technically improved modern vehicles, the automotive component market has witnessed significant growth.
It is going relatively with the current trends in automotive production. In an automobile, camshaft is considered as an essential engine component. If viewed from a technical point of view, a camshaft performs the task of altering rotatory motion of crankshaft to oscillating motion of follower and that is being done through a cam profile.
The ongoing innovations that are taking place in the technology are being done to lower the weight of the camshafts. The strict emission norms that are laid down by the foreign bodies are imposing the producers to lay more emphasis on fuel and engine efficiency. The market is still going through the changeover from the traditional to modern technology camshafts in the sector of commercial vehicles.
The main objective behind the changeover is to optimize the performance level and cut down the related costs. Now this aspect is ultimately making it a more competitive market comparatively and a more promising one. Production of modern vehicles and the replacement demands are together compelling the automotive camshaft market to its peak. However, it can be observed that when compared to the requirement for the modern vehicles, the replacement demands are quite less.
Increased adoption of double overhead camshaft (DOHC) engines in order to achieve more power is expected to drive the camshaft market. The DOHC type engine utilizes two camshafts per cylinder block, i.e., 2 camshafts in an inline engine and 4 camshafts in v engine. Increase in the number of camshafts per engine, owing to a rise in the demand for DOHC engine is projected to drive the camshaft market. The expansion of the automotive industry in developing countries such as China, India, Brazil and Mexico is boosting the camshaft market.
Highlights of the Report:
- In terms of engine type, the inline engine segment is estimated to register the highest CAGR of 3.2% over the forecast period. Inline engines are the most common types of engines in SUVs and hatchbacks
- In terms of fuel type, the gasoline segment emerged as the largest segment in 2020 and is anticipated to retain its dominance over the forecast period
- In terms of manufacturing technology, the assembled camshaft segment is projected to expand at the highest CAGR from 2021 to 2027
- This can be attributed to the gradually shifting momentum in the automotive industry toward assembled camshafts due to their cost-effectiveness and low weight
- The passenger car vehicle type segment accounted for a dominant market share in 2020 and is projected to expand at the highest CAGR from 2021 to 2027
- In terms of sales channel, the OEMs segment is estimated to register the highest CAGR over the forecast period due to the fact that the camshafts offered by OEMs are highly durable
- The East Asia region captured the maximum revenue share in 2020 and is expected to retain dominance over the forecast period
Market Segmentation analysis:
The global camshaft market has been segmented based on vehicle type, fuel type, manufacturing technology, engine type, sales channel, and region
Based on vehicle type, the passenger vehicle segment is expected to dominate the global camshaft market. Passenger vehicles contribute to a major share of the total vehicles produced globally and subsequently, the passenger vehicle segment held a leading share of the global camshaft market in 2020.
Based on fuel type, the gasoline segment held a leading share of the camshaft market. Majority of passenger vehicles globally are gasoline powered engine, and the gasoline segment is anticipated to expand, owing to higher taxation on diesel fueled vehicles and higher technology update required in diesel fuel vehicles in order to comply with emission regulations.
In terms of manufacturing technology, the forged camshafts segment held a notable share of the market in 2020. The segment is estimated to maintain its dominance during the forecast period. Forged camshafts are stronger than their cast counterparts and possess superior impact resistance and durability.
Based on engine type, the inline engine segment accounted for a prominent share with the L3, L4, L6 being the most preferred engine configuration worldwide
In terms of sales channel, the OEM segment held a dominant share of the market, globally, given that camshafts generally last the entire vehicle life and are replaced mostly in case of accidental damage
Regional Analysis of Camshaft Market
In terms of region, the global camshaft market has been segregated into North America, Europe, Asia Pacific, and Rest of World. During 2020, Asia Pacific held a leading share of the global camshaft market in 2020, owing to high volume production of vehicles in China, India, and Japan. Asia Pacific is anticipated to hold a dominant share given the large consumer base in the region. Furthermore, several automakers have outsourced their production to China and India due to low manufacturing charges, which in turn is further expected to boost the camshaft market in Asia Pacific.
Asia Pacific is followed by Europe and North America, in terms of share of the global market. In terms of volume, the market in Latin America is projected to expand significantly, owing to the entry of foreign manufacturers in Mexico and Brazil, which in turn is estimated to boost the demand for camshaft. Prominent players
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Recent report on the Automotive Camshaft market, with the help of a comprehensive outlook, provides readers with an assessment of the global market landscape. This study on the Automotive Camshaft market analyzes the scenario for the period of 2017 to 2027, wherein, 2021 is the base year and 2020 is historical data. This report enables readers to make important decisions with regard to their business, with the help of a wealth of Information enclosed in the study. The report also provides the compound annual growth rate (CAGR) of the global Automotive Camshaft market for the forecast period of 2021–2027. This data can help readers interpret quantitative growth aspects of the global market during the forecast period. It presents a wealth of information on key market dynamics, including drivers, market trends, and challenges, as well as the structure of the global market across the globe.
The report analyzes the historical and present-day scenario of the global Automotive Camshaft market to accurately gauge its growth potential. The study presents detailed information about important growth factors, restraints, and key trends that are creating the landscape for growth of the global market in order to identify opportunities for stakeholders.
The report includes an elaborate executive summary, along with a snapshot of the growth behavior of various segments in the scope of the study. Moreover, the report sheds light on the changing competitive dynamics in the Automotive Camshaft market. These indices serve as valuable tools for existing market players as well as for entities interested in participating in the market.
The report delves into the competition landscape of the global Automotive Camshaft market. Key players operating in the market have been identified and each one of these has been profiled for distinguishing business attributes. Company overview, financial standings, recent developments, and SWOT are some of the attributes of players in the Automotive Camshaft market that are profiled in this report.
Y-o-Y growth comparison, volume and revenue comparison, and market share comparison of various market segments are provided in the report. The Automotive Camshaft market is analyzed at both regional and country levels.
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Some of the prominent players in the Automotive Camshaft Market include: COMP Performance Group, Hirschvogel Holding GmbH, JBM Industries, JD Norman Industries, Inc., Kautex, MAHLE GmbH, Meritor, Inc., PCL India, Pipers RS Ltd., and Schrick Camshaft.
Segments Covered in the Report
This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for the period of 2017 to 2027 and covers subsequent region in its scope:
- Camshaft Market, by Vehicle Type
- Passenger Vehicle
- Commercial Vehicle
- Camshaft Market, by Fuel Type
- Camshaft Market, by Engine Type
- Inline Engine
- Camshaft Market, by Manufacturing Technology
- Cast Camshaft
- Forged Camshaft
- Assembled Camshaft
- Camshaft Market, by Sales Channel
A unique research methodology has been utilized to conduct a comprehensive research on the growth of the global Automotive Camshaft market and arrive at conclusions on the future growth prospects of the market. This research methodology is a combination of primary and secondary research, which helps analysts warrant the accuracy and reliability of the drawn conclusions. Secondary sources referred to by analysts during the production of the global market report include statistics from company annual reports, SEC filings, company websites, World Bank database, investor presentations, regulatory databases, government publications, and industry white papers. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, and market intelligence managers, who contributed to the production of our study on the market as a primary source.
These primary and secondary sources provided exclusive information during interviews, which serves as a validation from mattress topper industry leaders. Access to an extensive internal repository and external proprietary databases allows this report to address specific details and questions about the global Automotive Camshaft market with accuracy. The study also uses the top-down approach to assess the numbers for each segment and the bottom-up approach to counter-validate them. This has helped to estimates the future prospects of the global market more reliable and accurate.
Key Questions are
- What are the key factors influencing the Automotive Camshaft market in each region?
- How much value will the global market generate by the end of the forecast period?
- What will be the CAGR of the global market between 2021 and 2027?
- What would be the Y-o-Y growth trend of the global market between 2021 and 2027?
- What is the future scope and current trends in technologies of the global market?
- What is the revenue of the global market based on segments?
- Which key strategies are used by top players of the global market?
- Which are the leading companies in the global market?
- What are the essential strategies by key stakeholders in the market to expand their geographic presence?
- What are the major advancements witnessed in the global market?
Why should you invest in this report?
If you are aiming to enter the global Automotive Camshaft market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for Automotive Camshaft are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2027 so that you can plan your strategies to enter this market accordingly.
Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.
Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.
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