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Global Automotive Camshaft Market Size, Share, Growth, Forecast: By Vehicle Type: Passenger Vehicle, Commercial Vehicle; By Manufacturing Technology: Cast Camshaft, Forged Camshaft, Assembled Camshaft; By Fuel Type: Gasoline, Diesel; By Sales Channel; Regional Analysis; Market Dynamics; Competitive Landscape; 2024-2032
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.
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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
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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.
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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:
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| Breakup by Vehicle Type |
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| Breakup by Manufacturing Technology |
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| Breakup by Fuel Type |
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| Breakup by Sales Channel |
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| Breakup by Region |
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| Market Dynamics |
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| Trade Data Analysis |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Automotive Camshaft Market Analysis
8.1 Key Industry Highlights
8.2 Global Automotive Camshaft Historical Market (2018-2023)
8.3 Global Automotive Camshaft Market Forecast (2024-2032)
8.4 Global Automotive Camshaft Market by Vehicle Type
8.4.1 Passenger Vehicle
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2023)
8.4.1.3 Forecast Trend (2024-2032)
8.4.2 Commercial Vehicle
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2023)
8.4.2.3 Forecast Trend (2024-2032)
8.5 Global Automotive Camshaft Market by Manufacturing Technology
8.5.1 Cast Camshaft
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2023)
8.5.1.3 Forecast Trend (2024-2032)
8.5.2 Forged Camshaft
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2023)
8.5.2.3 Forecast Trend (2024-2032)
8.5.3 Assembled Camshaft
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2023)
8.5.3.3 Forecast Trend (2024-2032)
8.6 Global Automotive Camshaft Market by Fuel Type
8.6.1 Gasoline
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2023)
8.6.1.3 Forecast Trend (2024-2032)
8.6.2 Diesel
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2023)
8.6.2.3 Forecast Trend (2024-2032)
8.7 Global Automotive Camshaft Market by Sales Channel
8.7.1 OEM
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2023)
8.7.1.3 Forecast Trend (2024-2032)
8.7.2 Aftermarket
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2023)
8.7.2.3 Forecast Trend (2024-2032)
8.8 Global Automotive Camshaft Market by Region
8.8.1 North America
8.8.1.1 Market Share
8.8.1.2 Historical Trend (2018-2023)
8.8.1.3 Forecast Trend (2024-2032)
8.8.2 Europe
8.8.2.1 Market Share
8.8.2.2 Historical Trend (2018-2023)
8.8.2.3 Forecast Trend (2024-2032)
8.8.3 Asia Pacific
8.8.3.1 Market Share
8.8.3.2 Historical Trend (2018-2023)
8.8.3.3 Forecast Trend (2024-2032)
8.8.4 Latin America
8.8.4.1 Market Share
8.8.4.2 Historical Trend (2018-2023)
8.8.4.3 Forecast Trend (2024-2032)
8.8.5 Middle East and Africa
8.8.5.1 Market Share
8.8.5.2 Historical Trend (2018-2023)
8.8.5.3 Forecast Trend (2024-2032)
9 North America Automotive Camshaft Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2023)
9.1.3 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2023)
9.2.3 Forecast Trend (2024-2032)
10 Europe Automotive Camshaft Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2023)
10.1.3 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2023)
10.2.3 Forecast Trend (2024-2032)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2023)
10.3.3 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2023)
10.4.3 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Automotive Camshaft Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2023)
11.1.3 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2023)
11.2.3 Forecast Trend (2024-2032)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2023)
11.3.3 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2023)
11.4.3 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2023)
11.5.3 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Automotive Camshaft Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2023)
12.1.3 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2023)
12.2.3 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2023)
12.3.3 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Automotive Camshaft Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2023)
13.1.3 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2023)
13.2.3 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2023)
13.3.3 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2023)
13.4.3 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 EMR’s Key Indicators for Demand
14.4 EMR’s Key Indicators for Price
15 Trade Data Analysis
15.1 Major Exporting Countries
15.1.1 by Value
15.1.2 by Volume
15.2 Major Importing Countries
15.2.1 by Value
15.2.2 by Volume
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Linamar Corporation
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 MAHLE GmbH
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 ThyssenKrupp AG
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Engine Power Components Inc.
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Hirschvogel Holding GmbH
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Others
17 Key Trends and Developments in the Market
List of Figures and Tables
1. Global Automotive Camshaft Market: Key Industry Highlights, 2018 and 2032
2. Global Automotive Camshaft Historical Market: Breakup by Vehicle Type (USD Million), 2018-2023
3. Global Automotive Camshaft Market Forecast: Breakup by Vehicle Type (USD Million), 2024-2032
4. Global Automotive Camshaft Historical Market: Breakup by Fuel Type (USD Million), 2018-2023
5. Global Automotive Camshaft Market Forecast: Breakup by Fuel Type (USD Million), 2024-2032
6. Global Automotive Camshaft Historical Market: Breakup by Manufacturing Technology (USD Million), 2018-2023
7. Global Automotive Camshaft Market Forecast: Breakup by Manufacturing Technology (USD Million), 2024-2032
8. Global Automotive Camshaft Historical Market: Breakup by Sales Channel (USD Million), 2018-2023
9. Global Automotive Camshaft Market Forecast: Breakup by Sales Channel (USD Million), 2024-2032
10. Global Automotive Camshaft Historical Market: Breakup by Region (USD Million), 2018-2023
11. Global Automotive Camshaft Market Forecast: Breakup by Region (USD Million), 2024-2032
12. North America Automotive Camshaft Historical Market: Breakup by Country (USD Million), 2018-2023
13. North America Automotive Camshaft Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Europe Automotive Camshaft Historical Market: Breakup by Country (USD Million), 2018-2023
15. Europe Automotive Camshaft Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Asia Pacific Automotive Camshaft Historical Market: Breakup by Country (USD Million), 2018-2023
17. Asia Pacific Automotive Camshaft Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Latin America Automotive Camshaft Historical Market: Breakup by Country (USD Million), 2018-2023
19. Latin America Automotive Camshaft Market Forecast: Breakup by Country (USD Million), 2024-2032
20. Middle East and Africa Automotive Camshaft Historical Market: Breakup by Country (USD Million), 2018-2023
21. Middle East and Africa Automotive Camshaft Market Forecast: Breakup by Country (USD Million), 2024-2032
22. Major Exporting Countries by Value
23. Major Importing Countries by Value
24. Major Exporting Countries by Volume
25. Major Importing Countries by Volume
26. Global Automotive Camshaft Market Structure
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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