An Incisive, In-depth Analysis on the Automotive Camshaft Market
This study offers a comprehensive, 360 degree analysis on the Automotive Camshaft market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Automotive Camshaft market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.
The global sales of automotive camshaft was pegged at 166,673 ‘000 units in 2017. The global & Americas Automotive Camshaft Market is estimated to be valued at US$ 2,861.2 Mn by the end of 2018 and is expected to reach US$ 4,462.2 Mn by the end of 2028 while expanding with a CAGR of 4.5% over the forecast period. The Global & Americas Automotive Camshaft Market is anticipated to represent incremental opportunity of US$ 1601.1 Mn between 2018 and 2028. In terms of volume, the global Automotive Camshaft Market is estimated to reach 256,119 ‘000 units by 2028 while exhibiting a CAGR of 4.1% over the forecast period.
Cast Camshaft Segment to Register Significant Value and Volume CAGR amongst All Product Type Segments
The Automotive Camshaft Market is mainly driven by increasing demand for passenger cars and commercial vehicles in the emerging economies of the world. Owing to advantages such as smooth surface finish, dimensional accuracy and others, demand for casted automotive components has shown a considerable increase. This trend is expected to continue and demand for cast camshaft is expected to show a significant uptake in the market. Growth in the sales of passenger cars and commercial vehicles will directly impact the Automotive Camshafts market. Furthermore, growth being witnessed in the sales of cast camshaft segment will help drive the Automotive Camshaft Market over the forecast period. Moreover, due to increasing investments for the development of infrastructure, especially in Asia Pacific countries, such as India and ASEAN, the production of heavy trucks and trailers has also increased. Thus, increasing vehicle fleet size will drive the Automotive Camshaft Market over the forecast period. Apart from this, the OEM Automotive Camshaft Market is a consolidated market and tier-1 players hold significant share in the market.
Availability of Capital for Expansion of Manufacturing Capabilities in Matured Markets
Lucrative growth of the automotive industry will fuel the demand for automotive camshafts in the market, which in turn, will encourage manufacturers to expand their production facilities for automotive camshafts. Moreover, laidback availability of capital for expansion of existing manufacturing facilities as well as for the development of new manufacturing facilities for automotive camshafts in the developing regions to meet the demand for automotive camshafts from the automobile industry is expected to fuel the growth of production volumes of automotive camshafts in these regions.
In 2016, the expected demand for passenger vehicles camshafts was around 121.1 Mn Units. This demand for automotive camshafts is projected to grow alongside growth in demand for light commercial vehicles.
By Sales Channel, OEM Segment Is Expected to Register High Value Growth in the Automotive Camshaft Market
The OEM segment is expected to drive the growth of the Automotive Camshaft Market. Owing to their durability and high strength, the replacement rate of automotive camshafts is low. Currently, camshaft manufacturers are focusing on producing light weight and more durable products, which will increase the life span of automotive camshafts as well as automobile. This will increase the OEM segment share in the Automotive Camshaft Market. OEM segment is expected to grow at a CAGR of 4.6% in terms of value. Moreover, this segment accounted for approximately 88.7% market share in 2017, in terms of volume, and is estimated to grow at a significant CAGR.
China Dominates the Automotive Camshaft Market, India and MEA Slated to Be High Growth Markets by the End of the Forecast Period
The China Automotive Camshaft Market accounted for a value share of 25.3% in 2017 and is forecast to maintain its dominance in the global Automotive Camshaft Market owing to increase in production of passenger cars, heavy trucks and trailers in the region. The India and MEA Automotive Camshafts market are projected to represent US$ 101.1 Mn & 103.8 Mn incremental $ opportunity respectively between 2018 and 2028, while the Americas Automotive Camshaft Market is estimated to expand at 3.9% CAGR, in terms of value, and create 319.5 Mn incremental $ opportunity in the Automotive Camshaft Market during the forecast period.
Automotive Camshaft Market
The report titled “Automotive Camshaft Market: Global & Americas Industry Analysis 2013-2017 and Opportunity Assessment, 2018-2028” offers detailed insights and in-depth research on the Automotive Camshaft Market at a global level. The report covers the important factors driving the growth of the Automotive Camshaft Market, untapped opportunities for the manufacturers, trends and developments shaping the dynamics of the Automotive Camshaft Market and other insights across various key segments.
The Automotive Camshaft Market is categorically divided into four segments based on product type, vehicle type, sales channel and region. The market value throughout the segments is taken in US$ Mn and the market volume is identified in ‘000 units for all segments. The report identifies the drivers and restraints affecting the growth of the Automotive Camshaft Market. Changing trends and consumer preference patterns have also been analysed and incorporated in the report to equip the client with exhaustive information about the Automotive Camshaft Market, resulting in better decision making. Macroeconomic factors that directly or indirectly affect the growth of the Automotive Camshaft Market have also been presented in the report.
Report Description: Automotive Camshaft Market
Towards the final section of the report, competitive landscape has been included to provide report audiences with a dashboard, competition intensity mapping by product type and by sales channel. The report provides detailed market share analysis of Automotive Camshaft Market on the basis of prominent manufacturers in the Automotive Camshaft Market. Comprehensive profiles of manufacturers have also been included within the scope of the report to evaluate strategies, key offerings and recent developments in the Automotive Camshaft Market.
The Automotive Camshaft Market is segmented as given below:
Segmentation of the Automotive Camshaft Market by Product Type:
Segmentation of the Automotive Camshaft Market by Vehicle Type:
Light Commercial Vehicle
Heavy Commercial Vehicle
Segmentation of the Automotive Camshaft Market by Sales Channel:
Original Equipment Manufacturer (OEM)
Segmentation of the Automotive Camshaft Market by Region
South East Asia and Pacific
Middle East and Africa
The Automotive Camshaft volume has been inferred through in-depth secondary research and validated by industry experts through primary interviews. Each interview is thoroughly analysed and average market volume is deduced and reconfirmed and then incorporated in the report. The prices of automotive camshafts are deduced based on product type, vehicle type and sales channel where the weighted average price is inferred across all the eight regions. The market value of Automotive Camshaft Market is thus calculated from the data provided by the average selling price and market volume.
For the ten year forecast of the Automotive Camshaft Market, various macroeconomic factors and changing trends have been observed, which give an idea of the future of the Automotive Camshaft Market. Other important factors considered to arrive at the market forecast are the size of the current market, inputs from supply side and demand side and other dynamics shaping the scenario of the Automotive Camshaft Market.
During the compilation of the report, the forecast has been conducted in terms of CAGR, while other important criteria such as year-on-year growth and absolute dollar opportunity have also been incorporated presenting the client with crystal clear insights and future opportunities as far as the Automotive Camshaft Market is concerned.
Other important parameters, such as market attractiveness index and impact analysis of the drivers and restraints for each region, are included in this report providing insights about the dynamics, growth, performance and untapped opportunities in the Automotive Camshaft Market. In-depth profiling of prominent manufacturers is included in the final section of the report detailing the strengths, weaknesses and competitive strategies of each manufacturers.
The list of key market participants included in the “Automotive Camshaft Market: Global & Americas Industry Analysis 2013-2017 and Opportunity Assessment, 2018-2028” report are MAHLE GmbH, Thyssenkrupp AG, ESTAS CAMSHAFT & CHILLED CAST, JD Norman Industries Inc., Crance Cams Inc., Aichi Forge USA Inc., Engine Power Components Inc., Hirschvogel Holding GmbH, KAUTEX TEXTRON GmbH & Co. KG, Shadbolt Cams, Camshaft Machine Company, Comp Performance Group, Precision Camshafts Ltd., Varroc Group, among others.
Automotive Camshaft Market Reports - Table of Contents
19. Assumptions & Acronyms Used
20. Research Methodology