Vehicle/Automotive Camshaft Market Share and Demand Analysis with Size, Growth Drivers and Forecast to 2028

The latest market report published by Credence Research Inc. “Global Vehicle Camshaft Market: Growth, Future Prospects, and Competitive Analysis, 2016 – 2028”. The global Vehicle Camshaft market generated revenue of around USD 2348.6 million in 2021 and is anticipated to grow a CAGR of over 4.1% during the forecast period from 2022 to 2028 to reach around USD 2988.9 million in 2028.
Increased passenger car and commercial vehicle sales and increased usage of double overhead camshaft engines in passenger cars are likely to fuel market expansion. Furthermore, tough government rules governing carbon emissions have compelled vehicle OEMs to use lightweight engines, expected to drive product demand shortly. Automotive engine manufacturers are increasing engine valves to improve volumetric efficiency and power output, which is possible with a double overhead camshaft. A double overhead camshaft has four valves, two exhausts, and two intakes for each cylinder. Using four valves per cylinder provides a more easy flow of gases and fuel into and out of the cylinder, boosting the vehicle’s performance, especially at high speeds. As a result, the increasing usage of double overhead camshaft engines is expected to drive market expansion.
The global vehicle camshaft market is bifurcated into product type, vehicle type, sales channel, and geography. Based on product type, the vehicle camshaft market is segmented into cast, forged, and assembled camshafts. Based on vehicle type, the vehicle camshaft market is categorized into light commercial vehicles, passenger cars, and heavy commercial vehicles. Based on sales channel, the vehicle camshaft market is segmented into original equipment manufacturer (OEM) and aftermarket. Based on geography, the vehicle camshaft market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
There are many opportunities for camshafts in vehicles and automotive applications. These include everything from small engine and powertrain applications to large commercial vehicles. Camshafts can be designed for use in a variety of engine types, including gasoline, diesel, and hybrid engines. They can also be used in transmissions and axles.
The most common use for camshafts is in engines. These units provide the motion needed to drive the car or truck forward or backward. They also provide the necessary torque to turn gears and move objects around. Camshafts come in many different sizes and shapes to fit specific needs.
Why Buy This Report-
• The report provides a qualitative and quantitative analysis of the global vehicle camshaft market by segments, current trends, drivers, restraints, opportunities, challenges, and market dynamics with the historical period from 2016-2020, base year- 2021, and forecast period 2022-2028.
• The report contains information related to the competitive landscape, like how the key players in the market are operating at a global, regional, and country level
• In-depth analysis of the global vehicle camshaft market segmentation based on product type, vehicle type, and sales channel.
• Major countries in each region with their import/export statistics
• The global vehicle camshaft market report also includes analyzing the global, regional, and country levels, key market trends, significant players analysis, market growth strategies, and key application areas.
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