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Global Automotive Camshaft Market Projected to Reach 256,119 ‘000 units by 2028

MRRSEMarket Research Reports Search Engine (MRRSE) has actively included a fresh study titled “Automotive Camshaft Market: Global Industry Analysis 2013 – 2017 and Opportunity Assessment 2018 – 2028”, which discourse vital information related to the current & future trends expected to impact the global market during the period until 2028. Furthermore, this assessment talks about the various growth projections and Developments that are likely to occur in the global automotive camshaft market. As per research findings, the global sales of automotive camshaft was nailed at 166,673 ‘000 units in 2017. It is estimated that, the global & Americas automotive camshaft market will acquire a value of US$ 2,861.2 Mn by 2018-end. At this pace, the target market is projected to reach US$ 4,462.2 Mn by 2028-end, expanding at 4.5% CAGR during the stated forecast period.

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The research starts with the executive summary followed by market introduction that includes market definition and market taxonomy. Readers can easily access in-depth knowledge associated to macro-economic factors, opportunity analysis as well as market dynamics. Furthermore, useful aspects such as Porters Five Force analysis and value chain analysis are enclosed for delivering better perspective. The automotive camshaft market is primarily driven by rising demand for passenger cars and commercial vehicles across emerging economies. In addition, growth experienced in the sales of passenger cars and commercial vehicles is likely to motivate the automotive camshafts market. Another factor pushing growth is the steady rise of investments for the development of infrastructure, particularly in Asia Pacific countries, such as India and ASEAN. Interestingly, the India and MEA markets for automotive camshafts are projected to deliver US$ 101.1 Mn & 103.8 Mn incremental $ opportunity respectively during the period between 2018 and 2028.

Considering the sales channel, the OEM segment is likely to steer the automotive camshaft market. As a result of their durability and high strength, it is observed that the replacement rate of automotive camshafts is quite low. At present, a variety of camshaft manufacturers are focusing on producing light weight and durable products, which is expected to increase the life span of automotive camshafts along with the automobile. Finally, the report discusses the prime manufacturers operating in the global automotive camshaft market. Some of these players mentioned in the report are Mahle GmbH, JD Norman Industries, Inc., Estas Camshaft & Chilled Cast, Kautex Textron GmbH & Co. KG, Precision Camshafts Ltd., Camshaft Machine Company etc. Each of these players are analyzed based on numerous factors like product footprint, product portfolio, strategy overview, acquisitions, mergers and expansions.

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