What is Truck Camshaft Market?
Truck Camshafts play a very vital role in the engine from a technical point of view. A truck camshaft accomplishes the main function of converting the rotational motion of the crankshaft into an oscillatory motion with the help of a cam profile. The camshaft uses cams which pushes the valves so as to open them and hence providing motion in the camshaft, as the rotation is completed the valves then come back to their own closed positions. This function of the cams and henceforth the camshaft plays an important role in the performance of the engine at various levels and speeds. Also due to the stringent rules set by the government regarding the emission criteria of the vehicles it has become important to have an efficient working engine and hence abiding by the regulations set henceforth. With the growing technological inventions in the engine performance, the truck camshaft market would see further growth in the near future.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | ThyssenKrupp (Germany), MAHLE GmbH (Germany), CWC Textron (Kautex) (Germany), SECO SEOJINCAM (South Korea), Precision Camshafts Limited (India), Linamar (Canada), Musashi Seimitsu (Japan), Federal-Mogul Camshaft (United States), CHONGQING XIYUAN CAMSHAFT CO. LTD. (China), Riken Corporation (Japan), ESTAS (Turkey), LACO (France) and Jiangxi Tongxin Machinery Manufacturing Co. Ltd. (China) |
The market study is being classified by Type (Flat-Tappet and Roller), by Application (Light Weight Trucks and Heavy Trucks) and major geographies with country level break-up..
ThyssenKrupp (Germany), MAHLE GmbH (Germany), CWC Textron (Kautex) (Germany), SECO SEOJINCAM (South Korea), Precision Camshafts Limited (India), Linamar (Canada), Musashi Seimitsu (Japan), Federal-Mogul Camshaft (United States), CHONGQING XIYUAN CAMSHAFT CO. LTD. (China), Riken Corporation (Japan), ESTAS (Turkey), LACO (France) and Jiangxi Tongxin Machinery Manufacturing Co. Ltd. (China) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Nippon Piston Ring Co ltd (Japan) and Schleicher Fahrzeugteile GmbH & Co. KG (Germany).
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that European Vendors will contribute to the maximum growth of Global Truck Camshaft market throughout the forecasted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Truck Camshaft market by Type, Application and Region.
On the basis of geography, the market of Truck Camshaft has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Rapid Growth of Automobile Sector in Emerging Economies is Driving the Market Demand
- Growth Due to Rising in the Global Demands and Improvement in the Automotive Camshaft Market
- The Increasing Demand for High Performance and Working, Fuel Efficient and Technically Improved Modern Vehicles Has Given Rise to the Automotive Component Market Owing to a Growth of the Market
Market Trend
- Growing Trend of Integrating of Automation in the Industrial Sectors
- Technological Advancements in Truck Camshaft System Along With the Trends of Vehicle and Camshaft Downsizing and Light-Weighting Will Further Boost the Demand for Truck Camshaft Market
- Production of Modern Vehicles and the Replacement Demands Are Together Compelling the Automotive Camshaft Market to Its Peak
Restraints
- The Huge replacement costs of the Camshafts Can Prove Out to be a Hindrance in Growth of the Market
Opportunities
- The Rise in Demand of High Output Engines Is Likely To Bring More Opportunities to the Truck Camshaft Market
- Increasing Government Emission Regulations and More Emphasis on Fuel and Engine Efficiency Will Drastically Influence the Growth of Automotive Truck Camshaft Market
Challenges
- Concern Related To Their Complexity of Design of Truck Camshaft Systems
Market Leaders and some development strategies
In July 2020, Precision Camshafts now holds the full ownership of Netherlands-based Emoss Mobile Systems and German firm MFT (Motoren und Fahrzeugtechnik). Company is one of the prominent camshafts provider. Company has invested 0.6 million euro to hike its stake in Emoss. Company has raised its stake in Emoss from 51 percent and spent 0.55 million euro to increase its stake in MFT from 76 percent to 100 percent in each company. With this development, company has expanded its geographical reach in profitable manner.
The emission limits are specified in Regulation (EC) No 715/20077. This regulation sets the emission limits for the different regulated pollutants for different engines and vehicle categories. These limits are decided by a co-decision process implying the European legislative process requiring agreement from EU Parliament and Council. They can only be changed by this ordinary legislative procedure. For the WLTP at 23 °C, at 14 °C and for Off-vehicle charge hybrid vehicles (Plug-in HEV) for all tests under charge depleting and charge sustaining conditions. For the RDE Test only NOx und PN limits are to be taken in account for the Not-to-exceed (NTE) limits.
Key Target Audience
Manufacturers of Truck Camshaft, Suppliers and Distributors of Truck Camshaft, Automobile Industry, Regulatory Bodies and Governmental Bodies