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Rising Vehicle Production Fuels Growth In Automotive Camshaft Market: Key Factor Driving The Growth In The Automotive Camshaft Market
Automotive Camshaft Market
What Is the Expected Automotive Camshaft Market Size During the Forecast Period?
The automotive camshaft market has experienced moderate growth, moving from $3.36 billion in 2024 to $3.51 billion in 2025 at a CAGR of 4.5%. Historical growth was supported by material innovations, stricter emissions rules, demand for fuel efficiency and performance, more vehicle production, global sales trends, and aftermarket needs.
The automotive camshaft market will likely grow steadily to $4.15 billion by 2029 at a CAGR of 4.3%, driven by EV adoption, advanced engines, automation, market expansion, and aftermarket demand. Trends include EV shift, advanced materials, VVT integration, performance focus, and connected vehicle rise.
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What Are the High-Growth Segments in the Automotive Camshaft Market?
The automotive camshaft market covered in this report is segmented -
1) By Type: Cast Camshaft, Forged Camshaft, Assembled Camshaft
2) By Vehicle Type: Passenger Car, Light Commercial Vehicle, Heavy Commercial Vehicle
3) By Fuel Type: Gasoline, Diesel
4) By Sales Channel: Original Equipment Manufacturer (OEM), Aftermarket
Subsegments:
1) By Cast Camshaft: Grey Cast Iron Camshafts, Nodular Cast Iron Camshafts, Ductile Iron Camshafts, High-Performance Cast Camshafts
2) By Forged Camshaft: Steel Forged Camshafts, Billet Forged Camshafts, Lightweight Forged Camshafts, High-Strength Forged Camshafts
3) By Assembled Camshaft: Multi-Component Assembled Camshafts, Modular Camshaft Assemblies, Camshaft Assemblies With Variable Valve Timing Components, High-Performance Assembled Camshafts For Racing Or Performance Vehicles
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What Key Drivers Are Expected to Influence Future Automotive Camshaft Market Growth?
The increasing vehicle production is expected to drive the growth of the automotive camshaft market. Technological advancements, including electric vehicles (EVs) and improved fuel efficiency, are propelling vehicle production. Automotive camshafts control engine valve timing and operation, ensuring efficient combustion and power generation. According to CEIC Data, motor vehicle production in the United States reached 10.61 million units in February 2023, reflecting a year-over-year growth of approximately 5.56%.
Which Companies Hold the Largest Share Across Different Automotive Camshaft Market Segments?
Major companies operating in the automotive camshaft market are ThyssenKrupp AG, Mahle GmbH, Sandvik AB, Linamar Corporation, Nemak S.A.B. de C.V., Kautex Textron GmbH & Co KG, Hirschvogel Holding GmbH, Standard Motor Products Inc., Piper RS Ltd, Riken Corporation, Melling Engine Parts, Varroc Group, Musashi Seimitsu Industry Co. Ltd., Schrick, Aichi Forge USA Inc, Engine Power Components Inc, Crower Cams & Equipment Co., Inc., LACO Camshafts, Camshaft Machine Company, Cloyes Gear & Products Inc., Howards Cams, Seojin Cam Co.Ltd., Newman Cams, ESTAS Camshaft & Chilled Cast, Shadbolt Cams, Nilax Overseas, Comp Performance Group
What Are the Latest Developing Trends in the Automotive Camshaft Market?
Companies in the automotive camshaft market are focusing on integrating advanced technologies, such as camshaft position sensors, to remain competitive while improving vehicle performance, efficiency, and reliability. Camshaft position sensors are essential for monitoring the camshaft's position and speed, which is vital for optimal engine performance, timing, and fuel efficiency. For instance, in May 2024, Standard Motor Products, Inc., a U.S.-based automotive parts manufacturer, expanded its range of camshaft and crankshaft position sensors for both import and domestic vehicles. These sensors measure the position and rotational speed of the camshaft and crankshaft, which helps optimize engine performance and fuel efficiency.
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What Are the Emerging Geographies for The Automotive Camshaft Market Growth?
North America was the largest region in the automotive camshaft market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive camshaft market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Automotive Camshaft Market?
2. What is the CAGR expected in the Automotive Camshaft Market?
3. What Are the Key Innovations Transforming the Automotive Camshaft Industry?
4. Which Region Is Leading the Automotive Camshaft Market?
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