Automotive Camshaft Market Report by Manufacturing Technology (Cast Camshaft, Forged Steel Camshaft, Assembled Camshaft), Vehicle Type (Passenger Car, Light Commercial Vehicle, Heavy Commercial Vehicle), Distribution Channel (OEM, Aftermarket), and Region 2024-2032

Automotive Camshaft Market Report by Manufacturing Technology (Cast Camshaft, Forged Steel Camshaft, Assembled Camshaft), Vehicle Type (Passenger Car, Light Commercial Vehicle, Heavy Commercial Vehicle), Distribution Channel (OEM, Aftermarket), and Region 2024-2032

Report Format: PDF+Excel | Report ID: SR112024A1386
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Market Overview:

The global automotive camshaft market size reached US$ 3.0 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 4.1 Billion by 2032, exhibiting a growth rate (CAGR) of 3.6% during 2024-2032.

Report Attribute
 Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023 US$ 3.0 Billion
Market Forecast in 2032 US$ 4.1 Billion
Market Growth Rate (2024-2032) 3.6%


A camshaft is a rod-like structure which controls the input of fuel and expulsion of exhaust fumes in an internal combustion engine. It is driven by the crankshaft and forms one of the most vital components which govern the overall performance of an engine. It is connected to the camshaft either directly, via a gear or through a timing belt. In certain types of engines, the camshaft also serves the purpose of driving the distributor as well as operating fuel injectors in early fuel injection systems.

 

 
 

Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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The leading automotive companies such as BMW, Audi, Volkswagen and Mercedes-Benz are incorporating the variable valve (VVT) technology in their latest car models. This technology helps in improving engine performance by changing the duration of the opening and closing of valves during operations. In recent years, the demand for high-performance vehicles using VVT technology has led to a significant surge in the sales of camshafts across the globe. Apart from this, stringent automobile standards introduced by the governing authorities in various countries and the emerging trend of engine downsizing are also propelling the market growth. Moreover, on account of increasing investments in infrastructure development, particularly in developing countries, the production of heavy motor vehicles has also increased. Therefore, the rising vehicle fleet size is anticipated to catalyze the demand for automotive camshaft. However, the growing popularity of motor-powered electric vehicles (EVs) represents one of the key factors that can hamper the market growth in the upcoming years. 

IMARC Group’s latest report provides a deep insight into the global automotive camshaft market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the global automotive camshaft market in any manner.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global automotive camshaft market report, along with forecasts at the global and regional level from 2024-2032. Our report has categorized the market based on manufacturing technology, vehicle type and distribution channel.

 Breakup by Manufacturing Technology:

 

 
 

Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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  • Cast Camshaft
  • Forged Steel Camshaft
  • Assembled Camshaft
     

Breakup by Vehicle Type:

  • Passenger Car
  • Light Commercial Vehicle
  • Heavy Commercial Vehicle
     

Breakup by Distribution Channel:

  • OEM
  • Aftermarket
     

Breakup by Region:

 

 
 

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  • Asia Pacific
  • Europe
  • North America
  • Middle East and Africa
  • Latin America
     

Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being Mahle GmbH, JD Norman Industries, Inc., Thyssenkrupp AG, Linamar Corporation, Estas Camshaft & Chilled Cast, Crance Cams Inc., Aichi Forge USA Inc., Engine Power Components Inc., Hirschvogel Holding GmbH, Kautex Textron Gmbh & Co. KG, Shadbolt Cams, Comp Performance Group, Precision Camshafts Ltd., Varroc Group, Camshaft Machine Company, etc.

Report Coverage:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Manufacturing Technology, Vehicle Type, Distribution Channel, Region
Region Covered Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Companies Covered Mahle GmbH, JD Norman Industries, Inc., Thyssenkrupp AG, Linamar Corporation, Estas Camshaft & Chilled Cast, Crance Cams Inc., Aichi Forge USA Inc., Engine Power Components Inc., Hirschvogel Holding GmbH, Kautex Textron Gmbh & Co. KG, Shadbolt Cams, Comp Performance Group, Precision Camshafts Ltd., Varroc Group and Camshaft Machine Company
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report

The global automotive camshaft market was valued at US$ 3.0 Billion in 2023.

We expect the global automotive camshaft market to exhibit a CAGR of 3.6% during 2024-2032.

The rising utilization of automotive camshaft, as it assists in controlling the amount of air-fuel mixture that has a drastic effect on vehicle’s engine performance at varying speeds, is primarily driving the global automotive camshaft market.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in the temporary closure of numerous manufacturing units for vehicles, thereby negatively impacting the global market for automotive camshaft.

Based on the manufacturing technology, the global automotive camshaft market can be segmented into cast camshaft, forged steel camshaft, and assembled camshaft. Currently, forged steel camshaft holds the majority of the total market share.

Based on the vehicle type, the global automotive camshaft market has been divided into passenger car, light commercial vehicle, and heavy commercial vehicle. Among these, passenger car currently exhibits a clear dominance in the market.

Based on the distribution channel, the global automotive camshaft market can be categorized into OEM and aftermarket. Currently, OEM accounts for the largest market share.

On a regional level, the market has been classified into Asia Pacific, Europe, North America, Middle East and Africa, and Latin America, where North America currently dominates the global market.

Some of the major players in the global automotive camshaft market include Mahle GmbH, JD Norman Industries, Inc., Thyssenkrupp AG, Linamar Corporation, Estas Camshaft & Chilled Cast, Crance Cams Inc., Aichi Forge USA Inc., Engine Power Components Inc., Hirschvogel Holding GmbH, Kautex Textron Gmbh & Co. KG, Shadbolt Cams, Comp Performance Group, Precision Camshafts Ltd., Varroc Group, Camshaft Machine Company, etc.

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Automotive Camshaft Market Report by Manufacturing Technology (Cast Camshaft, Forged Steel Camshaft, Assembled Camshaft), Vehicle Type (Passenger Car, Light Commercial Vehicle, Heavy Commercial Vehicle), Distribution Channel (OEM, Aftermarket), and Region 2024-2032
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