According to the report, the global automotive camshaft market size is projected to surpass US$ 27 Bn by 2027, expanding at a CAGR of 3.1% during the forecast period 2020 to 2027.
Increased adoption of double overhead camshaft (DOHC) engines in order to achieve more power is expected to drive the camshaft market. The DOHC type engine utilizes two camshafts per cylinder block, i.e., 2 camshafts in an inline engine and 4 camshafts in v engine. Increase in the number of camshafts per engine, owing to a rise in the demand for DOHC engine is projected to drive the camshaft market. The expansion of the automotive industry in developing countries such as China, India, Brazil and Mexico is boosting the camshaft market. Vehicle sales are expected to improve in Europe post the tailwind of Brexit over the organization of trade agreements among the EU and U.K. Emerging economies in Rest of Africa, such as Nigeria, Kenya, Uganda, and Tanzania, are expected to offer opportunities for new vehicle sales, thereby providing new opportunities to the automotive industry and consequently, propel the camshaft market in Middle East & Africa.
Advent of Hybrid Vehicles Presents Lucrative Opportunities for Market Participants
Full-electric and hybrid vehicles have gained considerable popularity in the past 10 years. Automotive manufacturers, researchers, and consumers have expressed noteworthy interest in electric and hybrid vehicles, particularly in the past few years as a measure to curb pollution and save fuel. In hybrid cars, the main source of energy supply is the heat engine due to which combustion is streamlined and fuel-efficient. However, in their efforts to further improve the overall efficiency of heat engine, companies operating in the current automotive camshaft market landscape are increasingly focused on the design aspects of the automotive camshaft.
Key players operating in global camshaft market include
This TMR report on the automotive camshaft market is based on a complete and comprehensive evaluation of the market, backed by secondary and primary sources. Market volume is determined by country wise model mapping of vehicle through internal & external proprietary databases, and relevant patent and regulatory databases. The competitive scenario of the automotive camshaft market is supported by an assessment of the different factors that influence the market on a minute and granular level. By thoroughly analyzing the historical data, current trends and announcement by the key players, researchers of the automotive camshaft market arrive at predictions and estimations, and calculate the forecast for the market.
This report uses an analytical triangulation method to estimate the numbers and figures of the automotive camshaft market, with both a bottom-up and top-down approach.
This detailed assessment of the automotive camshaft market, along with an overview of the landscape, is provided based on a careful examination of the avenues related to this industry. Analysts’ conclusions on how the automotive camshaft market is estimated to expand are based on carefully vetted primary and secondary sources.
Key Questions Answered in This Report on Automotive Camshaft Market
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