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Dec 03, 2020 (SUPER MARKET RESEARCH via COMTEX) —
According to the latest report by IMARC Group titled, ” Automotive Camshaft Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025″, The global automotive camshaft market grew at a CAGR of 4% during 2014-2019. An automotive camshaft is a rod-like structure which forms a key component of internal combustion engines (ICE). It controls the input of fuel and the ejection of exhaust fumes in the engine by controlling the inlet and outlet valves. This process is critical for the functioning of the engine and can have a significant impact on its performance and speed. The camshaft is driven by the crankshaft and can be connected to it through a gear, a timing belt or directly. It is generally made up of cast iron and nitride or heat-treated steel and can be hollow to reduce the weight of the engine.
Some of the major players operating in the industry include: Precision Camshafts Ltd. (PRECAM.NS), Mahle LINAMAR CORP (LNR.TO), THYSSENKRUPP AG (TYEKF), Aichi Forge USA Inc., VARROC ENGINEERING (VARROC.NS), JD Norman Industries, Inc., Estas Camshaft & Chilled Cast, Crance Cams Inc., Engine Power Components Inc., Hirschvogel Holding GmbH, Kautex Textron Gmbh & Co. KG, Shadbolt Cams, Comp Performance Group, Camshaft Machine Company, etc.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviors of the consumers globally–our estimates about the latest market trends and forecast values after considering the impact of this pandemic. These observations will be integrated into the report.
One of the major factors driving the global automotive camshaft market is the increasing sales of passenger vehicles across the globe. The demand for the product has also accelerated with the introduction of the variable valve technology (VVT). Apart from this, the consistent growth in the construction industry has witnessed a surge in the requirement of heavy motor vehicles, thus providing further impetus to the market growth. Some of the other growth-inducing factors include stringent automobile standards by various governments and the trend of engine downsizing.
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Key Market Segmentation:
1. Market Breakup by Manufacturing Technology:
2. Cast Camshaft
3. Forged Steel Camshaft
4. Assembled Camshaft
Market Breakup by Vehicle Type:
1. Passenger Car
2. Light Commercial Vehicle
3. Heavy Commercial Vehicle
Market Breakup by Distribution Channel:
Market Breakup by Region:
1. Asia Pacific
3. North America
4. Middle East and Africa
5. Latin America
Region-wise, the market has been classified into Middle East and Africa; North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others); Europe (the United Kingdom, Germany, France, Italy, Spain, Russia and others); and Latin America (Brazil, Mexico and others).
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