The automotive camshaft market share is expected to increase by 38.81 million units from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 5.25%.
This automotive camshaft market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers automotive camshaft market segmentations by material (cast iron and billet steel) and geography (APAC, Europe, North America, South America, and MEA). The automotive camshaft market report also offers information on several market vendors, including Freudenberg SE, Kalyani Group, Linamar Corp., MAHLE GmbH, Meritor Inc., NEMAK SAB de CV, Precision Camshaft Ltd., Sandvik AB, Textron Inc., and Thyssenkrupp AG among others.
What will the Automotive Camshaft Market Size be During the Forecast Period?
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Automotive Camshaft Market: Key Drivers, Trends, and Challenges
The continuous improvements in automotive engine is notably driving the automotive camshaft market growth, although factors such as high cost associated with replacement may impethe de market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the automotive camshaft industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Automotive Camshaft Market Driver
The adoption of new or improved emission standards is one of the key drivers supporting the automotive camshaft market growth during the forecast period. One of the major factors boosting the growth of the global automotive camshaft market is the strict enforcement of new and improved emission norms. Enforcement of stringent emission norms has necessitated the use of lightweight and durable automotive camshafts. In most of the major automotive markets, such as the US, the UK, China, and India, Euro 6 emission standards or country-specific equivalents are expected to be implemented during the forecast period. Moreover, this emission standard is equivalent to the Euro 6 emission standard. As per China's Ministry of Ecology and Environment, on-road vehicles account for more than 90% of particulate matter emissions and almost 70% of nitrogen oxide emissions. Therefore, the introduction of new emission standards or the modification of existing standards requires automotive component manufacturers to be proactive in adopting technologies in line with these standards. Hence, the adoption of new or improved emission standards mandates the incorporation of new or advanced technologies, which will have a positive impact on the growth of the global automotive camshaft market during the forecast period.
Key Automotive Camshaft Market Trend
The use of advanced yet rigid materials and technology for camshaft production is one of the key automotive camshaft market trends during the forecast period. The global automotive camshaft market consists of numerous camshaft manufacturers that use iron casting or forging for camshaft production for daily commuting vehicles. Such camshafts are known as one-piece camshafts. They have a low cost of production with less complex geometric requirements and have the capacity for high vibration absorption. However, they are less efficient and heavy. The global automotive market is advancing with time. Camshaft designers and manufacturers are integrating advanced materials in the production of automotive camshafts. Furthermore, the increasing government norms and regulations on vehicular emissions and fuel economy are forcing OEMs to produce lightweight vehicles with low fuel consumption and high durability and performance. Hence, automotive camshaft manufacturers are shifting their focus toward altering the structure of camshafts to integrate them with cylinder heads to achieve higher fuel efficiency and durability.
Key Automotive Camshaft Market Challenge
The increasing popularity of additive manufacturing in the automotive industry automotive camshaft market is one of the challenges hampering the artificial intelligence (AI) market growth. 3D printing or additive manufacturing technology is one of the fast-developing technologies used in various industries. The automotive industry is one of the significant contributors to the additive manufacturing industry. According to estimates, the automotive industry accounts for approximately one-eighth of the revenue generated by additive manufacturing. Increasing manufacturing cost, especially of products that have complex designs and are manufactured in low volumes, offers immense potential for additive manufacturing. Automotive manufacturers have started adopting the latest manufacturing technologies like additive manufacturing to reduce their manufacturing costs. Therefore, the growing popularity of additive manufacturing in the automotive industry is expected to have a positive impact on the global auto parts and equipment market.
This automotive camshaft market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
Parent Market Analysis
Technavio categorizes the global automotive camshaft market as a part of the global automotive components and accessories market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the automotive camshaft market during the forecast period.
Who are the Major Automotive Camshaft Market Vendors?
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
- Freudenberg SE
- Kalyani Group
- Linamar Corp.
- MAHLE GmbH
- Meritor Inc.
- NEMAK SAB de CV
- Precision Camshaft Ltd.
- Sandvik AB
- Textron Inc.
- ThyssenKrupp AG
This statistical study of the automotive camshaft market encompasses successful business strategies deployed by the key vendors. The automotive camshaft market is fragmented and the vendors are deploying growth strategies such as organic and inorganic growth strategies to compete in the market.
Product Insights and News
- Freudenberg SE - The company offers automotive camshafts for pure electric vehicles or autonomous driving.
To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The automotive camshaft market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the leading companies' production, sustainability, and prospects.
Automotive Camshaft Market Value Chain Analysis
Our report provides extensive information on the value chain analysis for the automotive camshaft market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The value chain of the global automotive components and accessories market includes the following core components:
- Inputs
- Inbound logistics
- Operations
- Outbound logistics
- Marketing and sales
- Service
- Support activities
- Innovation
The report has further elucidated other innovative approaches being followed by manufacturers to ensure a sustainable market presence.
Which are the Key Regions for Automotive Camshaft Market?
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64% of the market’s growth will originate from APAC during the forecast period. China, India, and Australia are the key markets for the automotive camshaft market in APAC. Market growth in this region will be faster than the growth of the market in other regions.
Rising demand for automobiles will facilitate the automotive camshaft market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
The COVID-19 pandemic in 2020 negatively impacted the automotive camshaft market in APAC. Countries such as China, Japan, South Korea, and India have been among those highly affected by the COVID-19 pandemic. The governments of most countries in APAC introduced emergency legislation that imposed restrictions on business activities and social gatherings during the first half of 2020. While Aa few essential industries, such as pharmaceuticals, and food & beverages, continued their usual operations. However, most industrial activities were suspended, including manufacturing, automotive, and other industries. The overall output of these industries declined to a large extent. This affected the demand for automotive camshafts in the region in 2020. However, the market is expected to recover in 2021, with the gradual lifting of COVID-19 restrictions and economic recovery.
What are the Revenue-generating Material Segments in the Automotive Camshaft Market?
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The automotive camshaft market share growth by the cast iron segments will be significant during the forecast period. The low cost associated with cast iron production is driving its high penetration rate in the automotive industry. Emerging economies such as China and India are the major adopters of cast iron camshafts. The chilled cast iron camshaft is fitted in a majority of global automobile engines. Automotive camshaft manufacturers, tier-1 suppliers of camshafts and their components, and OEMs/automakers are using chilled cast iron camshafts, as it involves a low cost of manufacturing and offers reasonable durability. Daily commuting vehicles in passenger cars and CVs find the most applications for cast iron camshafts in the global automotive camshaft market.
This report provides an accurate prediction of the contribution of all the segments to the growth of the automotive camshaft market size and actionable market insights on post COVID-19 impact on each segment.
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Automotive Camshaft Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2020 |
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Forecast period |
2021-2025 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 5.25% |
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Market growth 2021-2025 |
38.81 million units |
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Market structure |
Fragmented |
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YoY growth (%) |
4.25 |
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Regional analysis |
APAC, Europe, North America, South America, and MEA |
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Performing market contribution |
APAC at 64% |
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Key consumer countries |
China, the US, Japan, Germany, and France |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
Freudenberg SE, Kalyani Group, Linamar Corp., MAHLE GmbH, Meritor Inc., NEMAK SAB de CV, Precision Camshaft Ltd., Sandvik AB, Textron Inc., and thyssenkrupp AG |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
What are the Key Data Covered in this Automotive Camshaft Market Report?
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will drive automotive camshaft market growth during the next five years
- Precise estimation of the automotive camshaft market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the automotive camshaft industry across APAC, Europe, North America, South America, and MEA
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of automotive camshaft market vendors
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