Vehicle/Automotive Camshaft Market By Product Type (Cast Camshaft, Forged Camshaft, Assembled Camshaft) By Vehicle Type (Passenger Car, Light Commercial Vehicle, Heavy Commercial Vehicle) By Sales Channel (Original Equipment Manufacturer (OEM), Aftermarket) - Growth, Future Prospects & Competitive Analysis, 2016 - 2028

About this report

The study on the global market for vehicle camshaft examines the industry's critical analysis utilising important factors. This report, which is significant, outlines significant modifications to the technical standards that apply globally to the vehicle camshaft market as well as how both economic and non-economic restrictions are promoting market expansion. Additionally, the report examines historical and projected market sizes at the global, regional, and national levels. The report includes target market for vehicle camshaft. The report also offers a thorough analysis of the most important investment propositions, the demand and supply gap, the positioning of the competition, and the STAR, SRC, and Tornado analyses. Important technology advancements and other evaluations, like Porter's Five Forces, PESTEL, and Value Chain Analysis.

Key Highlights of the report

How are the major segments performing in the vehicle camshaft market?

• In 2021, the cast camshaft segment held a significant revenue share in the market. This growth is attributed to advantages such as dimensional accuracy, smooth surface finish, and others.
• In 2021, the passenger cars segment held the majority of revenue share in market due to growth in the sales of passenger cars coupled with rising disposable income of the consumer in emerging economies.
• In 2021, the OEM segment accounted for the largest share of market, owing to its durability and high strength. Camshaft manufacturers focus on producing lighter and more durable products, extending the life of automotive camshafts and automobiles.

Which region dominated the automotive camshaft market?

In 2021, Asia-Pacific dominated the global vehicle camshaft market with the highest revenue share. The growth is majorly due to increased production and sales of passenger automobiles in emerging nations such as India and China.

How is the U.S. market performing in the vehicle camshaft market?

In 2021, the United States held the prominent market share and was estimated to grow at a significant rate over the forecast period. The presence of the major industry players in this country is anticipated to drive the growth of the vehicle camshaft market in the United States.

What is the competitive environment of the vehicle camshaft market?

The competitive environment of the vehicle camshaft market provides data on the overall economic profit made by suppliers and businesses, the automotive camshaft market share globally, a summary of the business organization, the sales enerated in this industry, the introduction of new products, and market opportunities. In addition, a well-organized supply chain and an extended distribution network are among the main growth techniques used by camshaft manufacturers to connect with customers.

Executive Summary

How does the adoption of machine camshafts transform the vehicle camshaft industry?

To ensure compliance with the new standards of Industry 4.0, manufacturers are switching to the production of sensor-based components and mechatronic products to facilitate the integration of digitalization with traditional manufacturing processes. Camshafts have a crucial role in gathering data about process control that helps monitor vehicle performance. Machined camshafts rather than raw camshafts are another development in the automotive industry. Manufacturers in the automobile camshaft industry are switching from raw camshafts to machined camshafts due to the inherent advantages of machined camshafts, including their ability to impart high strength and reduce total assembly time and leverage costs. The rising demand for vehicles in some places, such as the Americas, contributes to the increased use of machined camshafts. Manufacturers find it advantageous to purchase machined camshafts to reduce manufacturing time since it is challenging to tailor and design raw camshafts to meet unique client specifications.

Which are the key investments by the vehicle camshaft market players?

Leading players operating in the automotive camshaft market focus on growth in production capacities for storage and retrieval systems. Players are concentrating on strategic mergers and acquisitions, collaborations, and creating awareness among the businesses via various advertisement campaigns to help the manufacturers to promote the usage of vehicle camshafts in the industry, which further helps to expand their customer base in the global vehicle camshaft market to gain a competitive edge.

Some major players in the vehicle camshaft market are COMP Performance Group, JBM Industries, Hirschvogel Holding GmbH, JD Norman Industries Inc., Meritor Inc., Kautex, MAHLE GmbH, PCL India, Pipers R.S. Ltd, Schrick Camshaft.

What are the major driving factors for the vehicle camshaft market?

Increased passenger car and commercial vehicle sales and increased usage of double overhead camshaft engines in passenger cars are likely to fuel market expansion. Furthermore, tough government rules governing carbon emissions have compelled vehicle OEMs to use lightweight engines, which are expected to drive product demand in the near future. Automotive engine manufacturers are increasing engine valves to improve volumetric efficiency and power output, which is possible with a double overhead camshaft. A double overhead camshaft has four valves, two exhausts, and two intakes for each cylinder. Using four valves per cylinder provides a more easy flow of gases and fuel into and out of the cylinder, boosting the vehicle's performance, especially at high speeds. As a result, the increasing usage of double overhead camshaft engines is expected to drive the market.

What are the major risks for the vehicle camshaft market?

Automotive camshafts are frequently manufactured in large quantities and transported to assemblers for sale; however, rising transportation costs result in high consumer pricing, which is the key restricting factor of the vehicle camshaft market. Furthermore, the fluctuating price of raw materials impedes market expansion, which may result in product shortages.

Which is the key application in the vehicle camshaft market?

The camshaft is built using forged or sintered cam lobes and a hollow steel shaft inflated in the cam lobes' region, holding them in place. However, a flaw in the constructed camshaft is revealed following a timing belt/chain failure with valve-to-piston contact.

How is the automotive camshaft market performing in regions?

In 2021, Asia-Pacific dominated the global vehicle camshaft market with the highest revenue share. The growth is majorly due to increased production and sales of passenger automobiles in emerging nations such as India and China. Further, China led the market in Asia-Pacific due to the rise in the production of passenger vehicles and commercial vehicles in the region.

On the other hand, North America is expected to grow at a significant growth rate in coming years due to increasing demand for automobiles and rising population, especially in developing countries such as Canada and the U.S. Furthermore, the presence of key market players and OEMs in this region is another factor that drives the market growth in North America.

What is the regulatory landscape for the vehicle camshaft market?

The growing trend of engine downsizing due to stringent government pollution laws will likely create several possibilities for industry participants. This is also expected to accelerate the development of lightweight and sophisticated camshafts. Increased passenger vehicle sales and production in developed and emerging nations are expected to drive up demand for camshafts. The transition and deployment of advanced camshafts over traditional camshafts have resulted in consistent development in the commercial vehicle industry.

What is the market size of vehicle camshaft regarding value?

The global vehicle camshaft market is anticipated to grow at a significant CAGR of 4.1% during the forecast period. The global vehicle camshaft industry was estimated to be worth USD 2348.6 million in 2021 and was expected to be worth USD 2988.9 million by 2028.

What are the major players planning for the future of the vehicle camshaft market?

Growing regional existence and investment in downstream applications are anticipated to deliver a competitive edge in the market. Various new product launches and rapidly increasing research & development activities are expected to create several opportunities for the industry players in the market in future years. The integration of advanced technology in the devices is one of the major planning for the future to sustain in the competitive market.

Segmentation of Global Vehicle Camshaft Market-

Global Vehicle Camshaft Market – By Product Type

• Cast Camshaft
• Forged Camshaft
• Assembled Camshaft

Global Vehicle Camshaft Market – By Vehicle Type

• Passenger Car
• Light Commercial Vehicle
• Heavy Commercial Vehicle

Global Vehicle Camshaft Market – By Sales Channel

• Original Equipment Manufacturer (OEM)
• Aftermarket

Global Vehicle Camshaft Market – By Region

• North America
  • US.
  • Canada
• Europe
  • Germany
  • France
  • UK.
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • South-east Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC Countries
  • South Africa
  • Rest of Middle East and Africa

Frequently asked questions about the global vehicle camshaft market.