Automotive Camshaft Market By Product Type (Cast Camshaft, Forged Camshaft, Assembled Camshaft), By Vehicle Type (Passenger Vehicle, Light Commercial Vehicle, Heavy Commercial Vehicle), By Sales Channel (OEM, Aftermarket) - Growth, Share, Opportunities & Competitive Analysis, 2019 – 2027

Key Market Insights

"Rising automotive sales will spur the market revenue growth"

The global automotive camshafts market accounted for US$ 668.22 Mn in 2018 and is anticipated to grow to US$ 1,002.41 Mn expanding at a CAGR of 5.2% during the forecast period from 2019 to 2027. In volume terms, the market registered sales of 173.01 Mn Units in 2018 and is estimated to reach 233.15 Mn Units by 2027 growing at a CAGR 3.8% during the forecast period.

Increasing interest in electric and hybrid vehicles coupled with advancement in valve technology are factors proliferating the demand of automotive camshaft market. The rapidly rising sales of automotive across the globe is also one of the key factors propelling the demand of the automotive camshaft market. Apart from this, camshaft are used to control valves of vehicles thus are having a high demand amongst the automakers across the globe. A combination of factors including rising income levels particularly in developing economies, increasing number of passenger vehicles used for recreational purposes and rising sales of automotive globally are factors propelling the growth of global automotive camshaft market. For instance, the total global sales of automotive including passenger vehicles, commercial vehicles, three wheelers, and two wheelers accounted for 3,09,15,420 in 2018-19 from 2,90,73,892 in 2017-18.

In addition, the rising emission standards across the globe, alteration of old engines and rising requirement of modern and advanced engines are further enhancing the growth of the automotive camshaft market. However, the factors such as higher replacement cost and huge capital requirement are expected to hamper the automotive camshaft market growth.

Market Synopsis

Automotive Camshaft Market

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Product Analysis

"Forged Camshaft segment to dominate the market during the forecast period"

Based on product type, the automotive camshafts market is classified into cast camshaft, forged camshaft and assembled camshaft. Forged camshaft segment led the global automotive camshafts market in terms of both revenue and volume. This can be attributed with the numerous benefits offered by forged camshaft including performance improvement, better capacity to withstand huge loads, and extends mold wear failure cycle.

In contrast, cast camshaft segment is projected to grow with the highest CAGR during the forecast period. This is can be attributed with advantages including smooth finishing, and dimensional accuracy among others. The rising adoption of cast camshaft in both passenger and commercial vehicles is further boosting the growth of the automotive camshaft market.

Automotive Camshaft Market

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Regional Analysis

"Availability of cheap raw material and labor to bolster the growth in Asia Pacific region"

In 2018, Asia Pacific region dominated the global automotive camshaft market in terms of both revenue and volume. It contributed for a share of more than 30% in revenue terms and more than 40% in terms of volume. This can be associated with availability of cheap labor and raw material at a cost effective rate owing to the region being one of the global leaders in producing steel and iron. China accounted for a share of more than 25% globally in terms of volume. This can be associated with high volume production of automotive vehicles in the region, rising per capita income levels and rapid urbanization. Thereby proliferating the demand of global automotive camshaft market.

In contrast, Europe region is expected to expand at a significant growth rate. Owing to the presence of large number of automotive component producers and existence of large number of automotive manufacturers in the region. Germany held the largest share in terms of both value and volume is expected to show similar trend throughout the forecast period.

Automotive Camshaft Market

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List of Companies Covered:

  • COMP Performance Group
  • Precision Camshaft Limited
  • MAHLE GmbH
  • Hirschvogel Holding GmbH
  • JBM Industries
  • JD Norman Industries, Inc.
  • Kautex
  • Meritor, Inc.
  • Schrick Camshaft
  • Pipers RS Ltd

Automotive Camshaft Market

Key Industry Development:

  • In March 2018, Precision Camshaft Limited announced the acquisition of German company Motoren und Fahrzeugtechnik GmbH. The company has acquired 76% stake in the company. This acquisition will help the company to expand its global presence and increase its product portfolio.
  • In October 2017, Precision Camshafts Limited announced the acquisition of MEMCO Engineering Private Limited. This acquisition of will help the company strengthen its position in the market and provide a more diversified product portfolio to its customers.

Historical & Forecast Period

This study report represents analysis for each segment from 2017 to 2027 considering 2018 to be the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period from 2019 to 2027.

Market Segmentation


Research Period  2017-2027
Base Year 2018
Forecast Period  2019-2027
Historical Year  2017
Unit  USD Million

 Product Type Segment (2017–2027; US$ Mn)
 • Cast Camshaft
 • Forged Camshaft
 • Assembled Camshaft

 Vehicle Type (2017–2027; US$ Mn)
 • Passenger Vehicles
 • Light Commercial Vehicles
 • Heavy Commercial Vehicles

 Sales Channel (2017-2027; US Mn)
 • OEM
 • Aftermarket

 Geography Segment (2017–2027; US$ Mn)
 • North America (U.S., Rest of North America)
 • Europe (U.K., Germany, Russia, Rest of Europe)
 • Asia Pacific (Japan, China, India, Rest of Asia Pacific)
 • Rest of the World (Middle East & Africa, Latin America)

The current report also comprehends qualitative and qualitative market valuation factors such as key market drivers, market trends, restraints and opportunities that gives a better market understanding of the overall automotive camshafts market. Additionally, the global report also comprises graphical representation of competitive landscape based on their market initiatives and strategies, product portfolio and business strengths.

Key questions answered in this report

  • What are the current market trends and dynamics in the automotive camshafts market and valuable opportunities for emerging players?
  • Estimated forecast and market projections up to 2027
  • Which segment accounts for the fastest CAGR during the forecast period?
  • Which product type segment holds a larger market share and why?
  • Are low and middle-income economies investing in the automotive camshafts market?
  • Which is largest regional market for automotive camshafts?
  • What is the market trend and dynamics in emerging markets such as Asia Pacific, Latin America and Middle East & Africa?
  • Worldwide market value of the automotive camshafts market in 2017 and 2018
  • Which are the key trends driving the global automotive camshafts market growth?
  • Who are the leading service providers in the automotive camshafts market worldwide?
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Executive Summary - Brief Global Market Size - Current & Forecast
Regional Market Size - North America
Country Market Size - US
Company Profile – 1
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Published Date:  Mar 2020
Category:  Automotive & Transportation
Report ID:   60240
Report Format:   PDF
Pages:   120
Rating:    4.4 (70)
Delivery Time: 24 Hours to 48 Hours   
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