Table of Contents
Historical Data, Premium Insights, Market Dynamic, Analysis and Projection, By Product, Analysis and Projection, By Application, Analysis and Projection, By End-Use, Analysis and Projection, By Regional Analysis, Competitive Landscape, Company Profiles, Market Revenue, Sale & Price Analysis
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According to a research report published by Spherical Insights & Consulting, The Global Automotive Camshaft Market Size is Expected to Grow from USD 4.02 Billion in 2023 to USD 6.73 Billion by 2033, Growing at a CAGR of 5.29% during the forecast period 2023-2033.
Browse 210 market data Tables and 45 Figures spread through 190 Pages and in-depth TOC on the Global Automotive Camshaft Market Size, Share, and COVID-19 Impact Analysis, By Product Type (Cast Camshaft, Forged Camshaft, Assembled Camshaft), By Vehicle Type (Passenger Vehicles, Commercial Vehicles), By End User (OEM, Aftermarket), And By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, And Africa), Analysis And Forecast 2023 - 2033
The worldwide automotive camshaft market refers to the industry involved in the production and distribution of camshafts, which are critical components in engines. Camshafts control the timing and duration of the opening and closing of the engine's valves, ensuring proper airflow and fuel mixture for combustion. This market is expanding due to variable valve timing (VVT), which has become increasingly prevalent as the automobile industry converts to low-emission and environmentally friendly engine technology. Further, the need for premium camshafts is directly influenced by increased car sales brought on by development, higher disposable income, and better transportation systems. The growth of transportation industries, as well as government incentives for the production of automobiles, contribute to the market. However, market acquisition faces several obstacles, like strict standards for quality control and testing requirements and high upfront costs for fabricating.
The cast camshaft segment held the largest share of the global automotive camshaft market in 2023 and is projected to grow at a significant CAGR over the forecast period.
On the basis of the product type, the global automotive camshaft market is segmented into cast camshaft, forged camshaft, and assembled camshaft. Among these, the cast camshaft segment accounted for the largest share of the global automotive camshaft market in 2023 and is projected to grow at a significant CAGR over the forecast period. This is because of its affordable option, time savings, and being suited to meeting the needs of large quantities.
The passenger vehicles segment accounted for the greatest share of the global automotive camshaft market in 2023 and is anticipated to grow at a substantial CAGR during the forecast period.
On the basis of vehicle type, the global automotive camshaft market is categorized into passenger vehicles and commercial vehicles. Among these, the passenger vehicles segment accounted for the greatest share of the global automotive camshaft market in 2023 and is anticipated to grow at a substantial CAGR during the forecast period. This segmental growth is attributed to the market expansion because of their vital role as engine parts. Further, auto manufacturers are integrating lightweight materials into their designs to improve overall vehicle performance and fuel efficiency, which propels the segmental expansion.
The OEM segment held the largest share of the global automotive camshaft market in 2023 and is projected to grow at a substantial CAGR over the forecast period.
On the basis of the sale channel, the global automotive camshaft market is segmented into OEM and aftermarket. Among these, the OEM segment held the largest share of the global automotive camshaft market in 2023 and is projected to grow at a substantial CAGR over the forecast period. This segment growth contributed to the market expansion due to guaranteed adherence to safety regulations and performance specifications. Moreover, automakers rely on OEMs to supply camshafts that increase their automobiles' reliability and operational performance to drive the segment growth.
North America is anticipated to hold the largest share of the global automotive camshaft market over the forecast period.
North America is expected to hold the greatest share of the global automotive camshaft market over the forecast period. The regional market for automotive camshaft is dominated due to high technological adoption and developed infrastructure in the automotive industry. Moreover, the regional authorities are devoted to sustainable solutions with modern technologies. Furthermore, the regional market is expanding due to increasing consumer awareness and the need for high-quality camshafts.
Asia Pacific is projected to grow at the fastest CAGR growth of the global automotive camshaft market over the forecast period. The market's expansion throughout the region is further accelerated due to the availability of affordable production substitutes along with supportive government initiatives that encourage the automotive sector. Moreover, increasing disposable incomes have raised the need for cars, and this response has boosted the market for automotive camshafts. China shows a significant share at the regional level and welcomes the wide range of growing opportunities.
Company Profiling
Major vendors in the global automotive camshaft market are Mahle GmbH, Federal-Mogul LLC, Linamar Corporation, Schrick GmbH, Kautex Textron GmbH, COMP Cams, JBM Industries, Edelbrock LLC, Precision Camshaft Ltd., Musashi Seimitsu Industry Co., Ltd., Meritor Inc., Thyssenkrupp AG, NSK Ltd., Performance Camshafts Ltd., Xiamen Golden Egret Special Alloy Co., Ltd., and others.
Key Target Audience
Recent Development
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global automotive camshaft market based on the below-mentioned segments:
Global Automotive Camshaft Market, By Type
Global Automotive Camshaft Market, By Vehicle Type
Global Automotive Camshaft Market, By Sale Channel
Global Automotive Camshaft Market, By Regional
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