Press release
Automotive Cam Followers Market Value to Reach USD 9.23 Billion by 2030, Growing at 3.53% CAGR
Global Automotive Cam Followers Market Size
Automotive cam followers, also known as automatic tappets or hydraulic lifters, are critical components in internal combustion engines. Their primary role is to maintain precise valve clearance, improve engine performance, and reduce friction. With advancements in engine technologies, modern cam followers now operate using hydraulic systems, enhancing performance and reducing maintenance requirements.
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Key Market Insights
Market size expected to grow from USD 6.97 billion (2022) to USD 9.23 billion (2030).
CAGR projected at 3.53% between 2023 and 2030.
Knife-edge followers segment to dominate by type.
Oscillating camshaft followers to lead based on motion.
V-line engines to account for the largest share by engine type.
North America is expected to remain the dominant regional market.
Market Drivers
Automotive industry expansion: Rising global vehicle production and modernization of internal combustion engines drive demand.
Efficiency push: Growing adoption of advanced valvetrain systems to meet fuel efficiency and emission standards.
Consumer preference for eco-friendly vehicles: Automakers increasingly focus on engine technologies that reduce emissions while improving performance.
Industry M&A activity: For example, in March 2023, Nachi-Fujikoshi acquired NSK's cam follower business to expand its portfolio and strengthen its market position.
Market Restraints
Rising EV adoption: Electric vehicles do not require valvetrain systems, posing a long-term challenge for the cam follower market.
Shifting regulations: As governments promote EV adoption and stricter emissions standards, the demand for traditional IC engine components may gradually decline.
Opportunities
Retrofitting & aftermarket demand: Older IC engine vehicles still present a large aftermarket potential for replacement and retrofitted cam followers.
Innovation potential: Manufacturers developing advanced and easy-to-install cam followers for retrofitting (e.g., Nachi-Fujikoshi's new 2023 cam followers) can capture untapped opportunities.
Challenges
Intense competition: Numerous players compete in design, pricing, and innovation.
Need for constant R&D: Technological upgrades and product innovation are essential for market players to stay competitive.
Segmentation Snapshot
By Type: Needle cam follower, Flat cam follower, Knife edge follower (dominant), Roller cam follower, Spherical follower.
By Motion: Oscillating (dominant), Translating.
By Engine Type: Inline, V-Line (dominant).
By Region: North America, Europe, Asia Pacific, Latin America, Middle East & Africa.
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Regional Outlook
North America: Expected to dominate due to a strong automotive industry, stringent emission norms, and demand for high-performance vehicles.
Europe: Driven by sustainability goals, strict CO2 regulations, and leading automakers adopting efficient engine technologies.
Asia Pacific: Fastest growth anticipated, fueled by rising vehicle production in China, India, and Japan.
Competitive Landscape
Key players shaping the global Automotive Cam Followers Market include:
Carter Manufacturing Ltd.
AB SKF
National Precision Bearing Group
Schaeffler Technologies AG & Co. KG
Federal-Mogul LLC
RBC Bearings Inc.
Delphi Automotive LLP
THK Co. Ltd.
Crower Cams & Equipment Company Inc.
These players are focusing on product innovation, acquisitions, and aftermarket expansion to strengthen their market positions.
📌 The global automotive cam followers market is set for steady growth as the automotive sector continues to demand efficient, high-performance valvetrain systems. Despite the EV shift, opportunities in retrofitting and aftermarket will sustain industry demand through 2030.
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