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.
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.
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.
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
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
| ATTRIBUTE | DETAILS |
|---|---|
| Research Period | 2017-2027 |
| Base Year | 2018 |
| Forecast Period | 2019-2027 |
| Historical Year | 2017 |
| Unit | USD Million |
| Segmentation |
Product Type Segment (2017–2027; US$ Mn) |
|
Vehicle Type (2017–2027; US$ Mn) |
|
|
Sales Channel (2017-2027; US Mn) |
|
|
Geography Segment (2017–2027; US$ Mn) |
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?
1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Product
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Approach Adopted
1.3.4.1. Top-Down Approach
1.3.4.2. Bottom-Up Approach
1.3.5. Assumptions
1.4. Market Segmentation
2. Executive Summary
2.1. Market Snapshot: Global Automotive Camshaft (AC) Market
2.2. Global AC Market, by Product Type, 2018 (US$ Mn)
2.3. Global AC Market, by Vehicle Type, 2018 (US$ Mn)
2.4. Global AC Market, by Sales Channel, 2018 (US$ Mn)
2.5. Global AC Market, by Geography, 2018 (US$ Mn)
3. Market Dynamics
3.1. Introduction
3.1.1. Global AC Market Value, 2017-2027, (US$ Mn)
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.2. Market Restraints
3.3. Attractive Investment Proposition, by Geography, 2018
3.4. Market Positioning of Key Players, 2018
3.4.1. Major Strategies Adopted by Key Players
4. Global Automotive Camshaft (AC) Market, by Product Type , 2017-2027 (US$ Mn)
4.1. Overview
4.2. Cast Camshaft
4.3. Forged Camshaft
4.4. Assembled Camshaft
5. Global Automotive Camshaft (AC) Market, by Vehicle Type, 2017-2027 (US$ Mn)
5.1. Overview
5.2. Passenger Vehicle
5.3. Light Commercial Vehicle
5.4. Heavy Commercial Vehicle
6. Global Automotive Camshaft (AC) Market, by Sales Channel, 2017-2027 (US$ Mn)
6.1. Overview
6.2. OEM
6.3. Aftermarket
7. North America Automotive Camshaft (AC) Market Analysis, 2017-2027 (US$ Mn)
7.1. Overview
7.1.1. North America AC Market Value and Growth, 2017-2027, (US$ Mn)
7.2. North America AC Market Value, By Product Type, 2017-2027 (US$ Mn)
7.2.1. Market Analysis
7.3. North America AC Market Value, By Vehicle Type, 2017-2027 (US$ Mn)
7.3.1. Market Analysis
7.4. North America AC Market Value, By Sales Channel, 2017-2027 (US$ Mn)
7.4.1. Market Analysis
7.5. North America AC Market Value, By Region/Country, 2017-2027 (US$ Mn)
7.5.1. Market Analysis
7.5.2. U.S.
7.5.3. Rest of North America
8. Europe Automotive Camshaft (AC) Market Analysis, 2017-2027 (US$ Mn)
8.1. Overview
8.1.1. Europe AC Market Value and Growth, 2017-2027, (US$ Mn)
8.2. Europe AC Market Value, By Product Type, 2017-2027 (US$ Mn)
8.2.1. Market Analysis
8.3. Europe AC Market Value, By Vehicle Type, 2017-2027 (US$ Mn)
8.3.1. Market Analysis
8.4. Europe AC Market Value, By Sales Channel, 2017-2027 (US$ Mn)
8.4.1. Market Analysis
8.5. Europe AC Market Value, By Region/Country, 2017-2027 (US$ Mn)
8.5.1. Market Analysis
8.5.2. U.K.
8.5.3. Germany
8.5.4. France
8.5.5. Rest of Europe
9. Asia Pacific Automotive Camshaft (AC) Market Analysis, 2017-2027 (US$ Mn)
9.1. Overview
9.1.1. Asia Pacific AC Market Value and Growth, 2017-2027, (US$ Mn)
9.2. Asia Pacific AC Market Value, By Product Type, 2017-2027 (US$ Mn)
9.2.1. Market Analysis
9.3. Asia Pacific AC Market Value, By Vehicle Type, 2017-2027 (US$ Mn)
9.3.1. Market Analysis
9.4. Asia Pacific AC Market Value, By Sales Channel, 2017-2027 (US$ Mn)
9.4.1. Market Analysis
9.5. Asia Pacific AC Market Value, By Region/Country, 2017-2027 (US$ Mn)
9.5.1. Market Analysis
9.5.2. Japan
9.5.3. China
9.5.4. India
9.5.5. Rest of Asia Pacific
10. Rest of the World Automotive Camshaft (AC) Market Analysis, 2017-2027 (US$ Mn)
10.1. Overview
10.1.1. Rest of the World AC Market Value and Growth, 2017-2027, (US$ Mn)
10.2. Rest of the World AC Market Value, By Product Type, 2017-2027 (US$ Mn)
10.2.1. Market Analysis
10.3. Rest of the World AC Market Value, By Vehicle Type, 2017-2027 (US$ Mn)
10.3.1. Market Analysis
10.4. Rest of the World AC Market Value, By Sales Channel, 2017-2027 (US$ Mn)
10.4.1. Market Analysis
10.5. Rest of the World AC Market Value, By Region, 2017-2027 (US$ Mn)
10.5.1. Market Analysis
10.5.2. Middle East & Africa
10.5.3. Latin America
11. Company Profiles
11.1. COMP Performance Group
11.2. Precision Camshaft Limited
11.3. MAHLE GmbH
11.4. Hirschvogel Holding GmbH
11.5. JBM Industries
11.6. JD Norman Industries, Inc.
11.7. Kautex
11.8. Meritor, Inc.
11.9. Schrick Camshaft
11.10. Pipers RS Ltd
* AC - Automotive Camshaft
TABLE 1 Market Snapshot: Global Automotive Camshaft (AC) Market
TABLE 2 Global AC Market, by Product Type, 2017–2027 (US$ Mn)
TABLE 3 Global AC Market, by Vehicle Type, 2017–2027 (US$ Mn)
TABLE 4 Global AC Market, by Sales Channel, 2017–2027 (US$ Mn)
TABLE 5 Global AC Market, by Geography, 2017–2027 (US$ Mn)
TABLE 6 North America AC Market, by Product Type, 2017–2027 (US$ Mn)
TABLE 7 North America AC Market, by Vehicle Type, 2017–2027 (US$ Mn)
TABLE 8 North America AC Market, by Sales Channel, 2017–2027 (US$ Mn)
TABLE 9 North America AC Market, by Country, 2017–2027 (US$ Mn)
TABLE 10 Europe AC Market, by Product Type, 2017–2027 (US$ Mn)
TABLE 11 Europe AC Market, by Vehicle Type, 2017–2027 (US$ Mn)
TABLE 12 Europe AC Market, by Sales Channel, 2017–2027 (US$ Mn)
TABLE 13 Europe AC Market, by Country, 2017–2027 (US$ Mn)
TABLE 14 Asia Pacific AC Market, by Country/Region, 2017–2027 (US$ Mn)
TABLE 15 Asia Pacific AC Market, by Product Type, 2017–2027 (US$ Mn)
TABLE 16 Asia Pacific AC Market, by Vehicle Type, 2017–2027 (US$ Mn)
TABLE 17 Asia Pacific AC Market, by Sales Channel, 2017–2027 (US$ Mn)
TABLE 18 Asia Pacific AC Market, by Country/Region, 2017–2027 (US$ Mn)
TABLE 19 RoW AC Market, by Product Type, 2017–2027 (US$ Mn)
TABLE 20 RoW AC Market, by Vehicle Type, 2017–2027 (US$ Mn)
TABLE 21 RoW AC Market, by Sales Channel, 2017–2027 (US$ Mn)
TABLE 22 RoW AC Market, by Country/Region, 2017–2027 (US$ Mn)
TABLE 23 COMP Performance Group.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Developments)
TABLE 24 Precision Camshaft Limited: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Developments)
TABLE 25 MAHLE GmbH.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Developments)
TABLE 26 Hirschvogel Holding GmbH.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Developments)
TABLE 27 JBM Industries: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Developments)
TABLE 28 JD Norman Industries, Inc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Developments)
TABLE 29 Kautex.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Developments)
TABLE 30 Meritor, Inc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Developments)
TABLE 31 Schrick Camshaft.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Developments)
TABLE 32 Pipers RS Ltd..: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Developments)
FIG. 1 Global Automotive Camshaft (AC) Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 Global AC Market Segmentation
FIG. 4 Global AC Market, by Product Type, 2018 (US$ Mn)
FIG. 5 Global AC Market, by Vehicle Type, 2018 (US$ Mn)
FIG. 6 Global AC Market, by Sales Channel, 2018 (US$ Mn)
FIG. 7 Global AC Market, by Geography, 2018 (US$ Mn)
FIG. 8 Attractive Investment Proposition, by Geography, 2018
FIG. 9 Global Market Positioning of Key AC Market Vendors, 2018
FIG. 10 Global AC Market, by Product Type, 2017–2027 (US$ Mn)
FIG. 11 Global AC Market, by Cast Camshaft, Value, 2017–2027 (US$ Mn)
FIG. 12 Global AC Market, by Forged Camshaft, Value, 2017–2027 (US$ Mn)
FIG. 13 Global AC Market, by Assembled Camshaft, Value, 2017–2027 (US$ Mn)
FIG. 14 Global AC Market, by Vehicle Type, 2017–2027 (US$ Mn)
FIG. 15 Global AC Market, by Passenger Vehicle, Value, 2017–2027 (US$ Mn)
FIG. 16 Global AC Market, by Light Commercial Vehicle, Value, 2017–2027 (US$ Mn)
FIG. 17 Global AC Market, by Heavy Commercial Vehicle, Value, 2017–2027 (US$ Mn)
FIG. 18 Global AC Market, by Sales Channel, 2017–2027 (US$ Mn)
FIG. 19 Global AC Market, by OEM, Value, 2017–2027 (US$ Mn)
FIG. 20 Global AC Market, by Aftermarket, Value, 2017–2027 (US$ Mn)
FIG. 21 U.S. AC Market, 2017–2027 (US$ Mn)
FIG. 22 Rest of North America AC Market, 2017–2027 (US$ Mn)
FIG. 23 U.K. AC Market, 2017–2027 (US$ Mn)
FIG. 24 Germany AC Market, 2017–2027 (US$ Mn)
FIG. 25 France AC Market, 2017–2027 (US$ Mn)
FIG. 26 Italy AC Market, 2017–2027 (US$ Mn)
FIG. 27 Rest of Europe AC Market, 2017–2027 (US$ Mn)
FIG. 28 Japan AC Market, 2017–2027 (US$ Mn)
FIG. 29 China AC Market, 2017–2027 (US$ Mn)
FIG. 30 India AC Market, 2017–2027 (US$ Mn)
FIG. 31 Rest of Asia Pacific AC Market, 2017–2027 (US$ Mn)
FIG. 32 Middle East & Africa AC Market, 2017–2027 (US$ Mn)
FIG. 33 Latin America AC Market, 2017–2027 (US$ Mn)
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