Global Automotive Camshaft Market was valued US$ XX Bn in 2018 and is expected to reach US$ XX Bn by 2026, at a 3.50 % CAGR of around during a forecast period.

Global Automotive Camshaft Market



The report analyzes factors affecting the market from both demand and supply side and further evaluates automotive camshaft market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. Rising production of vehicles and increasing demand for passenger vehicles is a major driving factor for the automotive camshaft market. Moreover, an increasing trend of engine downsizing and stringent automobile standards are the other major factors motivating the growth for advanced and light-weight camshafts globally.



Furthermore, growth in the automotive sector and rising investments in automotive camshaft manufacturing companies across the world is set to influence the market significantly during the forecast period.Based on the sales channel, the OEM segment is estimated to drive the growth of the automotive camshaft market. Owing to their enduringness and high strength, the replacement rate of automotive camshafts is low. Currently, camshaft manufacturers are attention to producing lightweight and more lasting products, which will increase the lifespan of automotive camshafts as well as automobiles. This will raise the OEM segment share in the automotive camshaft market.



The OEM segment is expected to flourish at a CAGR of 4.6% in terms of value.In terms of region, Europe holds the largest market share in terms of revenue followed by the Asia Pacific and North America. In Europe, Germany is the major significant market and the largest contributor to the automotive camshaft market in the region because of the presence of more automobile manufactures in Germany. In North America, the U.S. is the largest market for automotive camshaft market.The leading automotive companies like Audi, BMW, Volkswagen, and Mercedes-Benz are incorporating the variable valve (VVT) technology in their latest car models. This technology helps in educating engine performance by changing the duration of the closing and opening of valves during operations. In recent years, the demand for high-performance vehicles using VVT technology has led to a significant rise in the sales of camshafts across the globe.



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