Global Automotive Camshaft Market Overview:
Camshaft is a significant part of automotive engine. Camshaft plays an important role in opening and closing function of engine’s valve. Camshaft works together with the crankshaft for proper timing in opening or closing valves for each cycle. Rising disposable income of people and spending of buying personal cars is expected to boost the market. Advancement in valve technology such as VVT systems and adoption of hybrid vehicles require more advanced or sophisticated camshafts. However, significant growth of electric vehicles across the globe is likely to hamper the growth of automotive camshaft market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Emerging Trend of DOHC (Dual Overhead Camshaft) Technology to Improve Combustion Efficiency
Market Growth Drivers:
Growing Demand of Lightweight Camshaft to Reduce Weight of Vehicles and Improve Fuel Economy and Need to Upgrade Performance and Engine Repairs is Major Growth Driver of Automotive Camshaft Market
Challenges:
Availability of Less Expensive Camshafts in the Market
Restraints:
Consumers’ Preference Towards the Electric Cars Due to Growing Awareness About CO2 Emission and Stringent Regulations
Opportunities:
Electrification of Vehicles and Rising Use of Hybrid Vehicles is Expected to Pose Significant Opportunities
Competitive Landscape:
The key players are targeting the innovations of the Solutions with better quality, better technical characteristics. The key players are probable to keep a stronghold on the market over the anticipated period. The key players are accepting strategic decisions and are thinking upon mergers and acquisitions in order to maintain their presence in the market.
Some of the key players profiled in the report are ThyssenKrupp AG (Germany), MAHLE GmbH (Germany), Hirschvogel Group (Germany), Estaş Eksantrik Sanayi ve Ticaret A.Ş. (Turkey), Linamar Corporation (Canada), Garima Global Pvt Ltd. (India), COMP Cams (United States), Cummins Inc. (United States), Kalyani Forge (India) and Newman Cams (United Kingdom). Analyst at AMA Research see European Vendors to retain maximum share of Global Automotive Camshaft market by 2030. Considering Market by Vehicle Type, the sub-segment i.e. Passenger Cars will boost the Automotive Camshaft market. Considering Market by Sales Channel, the sub-segment i.e. OEM will boost the Automotive Camshaft market. Considering Market by Material Type, the sub-segment i.e. Hardenable Iron will boost the Automotive Camshaft market.
What Can be Explored with the Automotive Camshaft Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Automotive Camshaft Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Automotive Camshaft
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Automotive Camshaft market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Automotive Camshaft market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes New Entrants/Investors, Analysts and Strategic Business Planners, Automotive Camshaft Manufacturers, Suppliers & Distributors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.