Automotive Camshaft Market Trends, Industry Growth Rate, Analysis Report 2021-2026
Automotive Camshaft Market
SHERIDAN, ALABAMA, UNITED STATES, March 3, 2022 /EINPresswire.com/ -- The latest report published by IMARC Group, titled “Automotive Camshaft Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, offers a comprehensive analysis of the industry, which comprises insights on automotive camshaft overview. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global automotive camshaft market reached a value of US$ 3.07 Billion in 2020. Looking forward, the global automotive camshaft market is expected to exhibit moderate growth during 2021-2026. 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.
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.
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Global Automotive Camshaft Market Trends:
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:
Some of the major players operating in the industry include:
1. Precision Camshafts Ltd. (PRECAM.NS) Mahle LINAMAR CORP (LNR.TO)
2. THYSSENKRUPP AG (TYEKF)
3. Aichi Forge USA Inc.
4. VARROC ENGINEERING (VARROC.NS)
5. JD Norman Industries, Inc.
6. Estas Camshaft & Chilled Cast
7. Crance Cams Inc.
8. Engine Power Components Inc.
9. Hirschvogel Holding GmbH
10. Kautex Textron Gmbh & Co. KG
11. Shadbolt Cams
12. Comp Performance Group
13. Camshaft Machine Company
Market Breakup by Manufacturing Technology:
1. Cast Camshaft
2. Forged Steel Camshaft
3. Assembled Camshaft
Market Breakup by Vehicle Type:
1. Passenger Car
2. Light Commercial Vehicle
3. Heavy Commercial Vehicle
Market Breakup by Distribution Channel:
1. OEM
2. Aftermarket
Market Breakup by Region:
1. Asia Pacific
2. Europe
3. North America
4. the Middle East and Africa
5. Latin America
Key Highlights of the Report:
1. Market Performance (2015-2020)
2. Market Outlook (2021- 2026)
3. Porter’s Five Forces Analysis
4. Market Drivers and Success Factors
5. SWOT Analysis
6. Value Chain
7. Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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