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Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

Global Automotive Camshaft Market Outlook

The global automotive camshaft market size attained a value of nearly 2.94 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 4.2% reaching about USD 4.26 billion by 2032.

automotive camshaft market

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Key Trends in the Market

A mechanical device, a camshaft is a rotating shaft in an in an internal combustion engine that is employed to operate the closing and opening actions of the exhaust and inlet valves at the right time. In an internal combustion engine, it is imperative that fuel passes into the cylinder at the right time and that exhaust gases also leave the cylinder at the right time. With the help of a camshaft, this function is accomplished. Automotive camshafts are camshafts designed for use in automotives. 

  • The rising sales of commercial vehicles and passenger cars along with the surging adoption of double overhead camshaft engines in passenger cars are likely to aid the growth of the automotive camshaft market over the coming timeframe.
  • The growing adoption of software tools to boost the design of camshafts with the technological advancements in valve technologies developing the trend of engine downsizing is expected to enhance the demand for automotive camshafts in the coming years.
  • Strict rules by various governments related to carbon emissions have compelled automotive OEMs to adopt lightweight and efficient engines. This is further expected to support the global automotive camshaft market growth over the upcoming years.

Market Analysis

automotive camshaft market by segments

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Based on vehicle type, the market can be segmented into passenger vehicles and commercial vehicles. On the basis of manufacturing technology, the market is categorised into cast camshaft, forged camshaft, and assembled camshaft. Based on fuel type, the market is divided into gasoline and diesel. On the basis of sales channel, the automotive camshaft market is bifurcated into OEM and aftermarket. The regional markets for automotive camshafts can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. 

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global automotive camshaft market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments, and expansion plans. 

  • Linamar Corporation
  • MAHLE GmbH
  • ThyssenKrupp AG
  • Engine Power Components Inc.
  • Hirschvogel Holding GmbH
  • Others

Market Share by Vehicle Type

The passenger vehicle segment is expected to witness substantial growth in the automotive camshaft market across the globe on account of the surging production and sales of passenger cars. With a growing population and overcrowding in major cities, more people are living in nearby towns and using passenger vehicles for commute, increasing the demand for passenger vehicles. In areas with heavy traffic, camshafts play an important role in maintaining the engine health and preventing overheating. Meanwhile, the commercial vehicle segment is also expected to exhibit significant growth in the market of automotive camshafts over the forecast period on account of the growing demand for heavy-duty trucks in the logistics and transportation sector.

Market Share by Region

Geographically, the Asia Pacific region is projected to grow significantly in the automotive camshaft market on account of the growing production as well as sales of passenger cars in emerging economies like China and India. With increasing disposable incomes and availability of vehicles, more vehicles are being sold, and key manufacturers are also expanding their production plants in the region. 

Meanwhile, Europe is also likely to exhibit substantial growth in the market for automotive camshafts during the forecast period. This is due to the strict emission rules in this region driving the market for engine downsizing. The robust presence of the major camshaft manufacturing industries, especially in Germany like MAHLE GmbH and ThyssenKrupp AG, among others, are likely to aid the market growth of automotive camshafts in Europe. With the robust growth of the automotive industry, the demand for automotive camshafts is expected to increase in Europe.

automotive camshaft market by region

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Competitive Landscape

Linamar Corporation was established in 1966 and is a supplier of engineered products. It distributes and manufactures precision metallic components, systems, and modules for the global automotive, industrial, and energy markets. The company provides driveline and transmission systems for passenger vehicles and core engine components incorporating cylinder blocks and heads, connecting rods, and camshafts. It delivers its products to different end-users like off-highway, commercial vehicle, automotive, agriculture, aerial work platform, industrial, energy and marine, and recreation. 

MAHLE GmbH is a leading international development partner and supplier to the automotive industry. The company is an innovator and technology driver for the mobility of the future, aiming to make transportation more environmentally friendly, comfortable, and efficient. The company is constantly working towards optimising the combustion engine, driving forward the usage of alternative fuels, as well as laying a foundation for the widespread acceptance and introduction of e-mobility across the globe.

ThyssenKrupp AG is a Germany-based company that was established in 1999. The company deals in materials services, industrial components, automotive technology, steel, marine systems, and multi-tracks. The company pursues ambitious climate protection targets and optimises its own energy and climate efficiency. It uses its diverse abilities along the relevant value chains to play a significant role in driving forward its customers’ green transformation. 

Other market players include Engine Power Components Inc., and Hirschvogel Holding GmbH, among others.

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Vehicle Type
  • Manufacturing Technology
  • Fuel Type
  • Sales Channel
  • Region
Breakup by Vehicle Type
  • Passenger Vehicle
  • Commercial Vehicle
Breakup by Manufacturing Technology
  • Cast Camshaft
  • Forged Camshaft
  • Assembled Camshaft
Breakup by Fuel Type
  • Gasoline
  • Diesel
Breakup by Sales Channel 
  • OEM
  • Aftermarket
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Trade Data Analysis
  • Major Exporting Countries
    • By Value
    • By Volume
  • Major Importing Countries
    • By Value
    • By Volume
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Linamar Corporation
  • MAHLE GmbH
  • ThyssenKrupp AG
  • Engine Power Components Inc.
  • Hirschvogel Holding GmbH
  • Others

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

In 2023, the global market for automotive camshaft attained a value of nearly USD 2.94 billion.

The market is assessed to grow at a CAGR of 4.20% between 2024 and 2032.

The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach almost USD 4.26 billion by 2032.

The major market drivers is the rapid growth of the automotive industry and regulations by various governments regarding carbon emissions.

The key automotive camshaft market trends include growing production and sales of passenger and commercial vehicles and technological advancements.

The various vehicle types in the market include passenger vehicles and commercial vehicles.

The primary sales channels for automotive camshafts include OEM and aftermarket.

The different manufacturing technologies for automotive camshafts are cast camshaft, forged camshaft, and assembled camshaft.

The major players in the market are Linamar Corporation, MAHLE GmbH, ThyssenKrupp AG, Engine Power Components Inc., and Hirschvogel Holding GmbH, among others.

A camshaft in an internal combustion heat engine is a device that controls functions such as the input of fuel and the expulsion of exhaust fumes.

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63 Fiona Drive, Tamworth, NSW

+61 448 06 17 27

C130 Sector 2 Noida, Uttar Pradesh 201301

+91-858-608-1494

40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.

+63 287899028, +63 967 048 3306

6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London

+44-753-713-2163

193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City

+84865399124