Automotive Camshaft Market Size to Reach $4 Billion by 2029 | Growth at 3.6% CAGR Forecast

Stay informed on tariff shifts, macro trends, and global economic changes-use code ONLINE30 to enjoy 30% off our global market reports.

What is the Projected Market Size of the Automotive Camshaft Industry?
The market size of the automotive camshaft has seen a consistent expansion over the previous years. The market will witness a rise from $3.36 billion in 2024 to $3.46 billion in 2025, reflecting a compound annual growth rate (CAGR) of 3.1%. The growth observed in the historic period is due to improvements in materials and production techniques, tight emissions standards, consumer preference for fuel-efficient and high-performance vehicles, a worldwide surge in car production, economic conditions boosting vehicle sales, and aftermarket demand.

What Will Be the Size of the Automotive Camshaft Market by 2029?
The market for automotive camshafts is projected to have continuous growth in the subsequent years, with its value expected to hit $4 billion by 2029 at a compound annual growth rate (CAGR) of 3.6%. Factors contributing to this growth during the forecast period include the move towards vehicle electrification, the incorporation of enhanced engine technologies, the application of Industry 4.0 and automation, the expansion of automotive markets, and increasing aftermarket needs due to the aging of vehicles and upkeep requirements. Future trends within the projected period involve transitioning to electric vehicles (EVs), technological progress in material usage, the introduction of variable valve timing (VVT), a focus on vehicle performance and efficiency, and the emergence of autonomous and connected vehicles.

Explore The Complete Report Now:
https://www.thebusinessresearchcompany.com/report/automotive-camshaft-global-market-report

What Are the Key Drivers Accelerating Growth in the Automotive Camshaft Market?
The escalation in vehicle manufacturing is projected to spur the advancement of the automotive camshaft market. New developments in automotive techniques, including electric vehicles (EVs), self-driving technology, and enhanced fuel efficiency are fueling expansion. Such improvements render vehicles appealing to buyers, boosting production to accommodate the new demand. Automotive camshafts are crucial in governing engine valves' timing and process, ensuring effective combustion and power production in higher volume vehicles. For example, as per CEIC Data, a data analytics firm based in China, in February 2023, motor vehicle manufacturing in the United States surged to 10.61 million units from 10.05 million units in December 2022, indicating a year-over-year hike in vehicle manufacturing by approximately 5.56%. For this reason, a rise in vehicle manufacturing is prompting the expansion of the automotive camshaft sector.

Get Free Sample Report Here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=16601&type=smp

How Is the Automotive Camshaft Market Segmented by Type, Application, and Region?
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), After market

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

What Are the Key Trends Driving Growth in the Automotive Camshaft Market?
Primary players in the automotive camshaft market are concentrating on incorporating cutting-edge technologies like camshaft position sensors to maintain their market foothold and enhance the performance, efficiency, and reliability of vehicles. These sophisticated devices boost the supervision of the camshaft's position and rotation speed, both of which are vital for optimal engine output, timing, and fuel economy. For instance, Standard Motor Products, Inc., a U.S.-based car parts manufacturer, broadened its collection of camshaft and crankshaft position sensors in May 2024 to cater to both imported and domestic vehicles. These sensors are essential since they calculate the precise position and rotation speed of the camshaft and crankshaft, alongside their acceleration or deceleration. They work in real-time, and even minor lags or inaccuracies can disrupt timing, affecting engine performance, fuel efficiency, and emissions.

Customize Your Insights And Get The Full Report Here:
https://www.thebusinessresearchcompany.com/customise?id=16601&type=smp

Who Are the Leading Companies Driving Growth in the Automotive Camshaft Market?
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

Which Is the Leading Region in the Global Automotive Camshaft Market?
North America was the largest region in the automotive camshaft market in 2024. 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.

Speak With Our Expert:
Saumya Sahay,
Americas: +1 310-496-7795,
Asia: +44 7882 955267 & +91 8897263534,
Europe: +44 7882 955267,
Email: saumyas@tbrc.info

The Business Research Company - www.thebusinessresearchcompany.com

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.