A Vehicle Camshaft is an important part of an internal combustion engine that is responsible for opening and closing the valves in the top of the cylinder. It is driven by the engine’s crankshaft, or connecting rod and is activated by the engine’s camshaft drive gear. The camshaft helps to provide the correct timing and the correct valve opening and closing profile for the engine. This helps to achieve maximum engine performance and fuel efficiency.
The demand for vehicle camshafts is mainly driven by the growth in automobile production and sales across emerging economies, such as India and China. The rising awareness about fuel efficiency along with the increasing demand for eco-friendly engines and improved vehicle efficiency is also boosting the demand for efficient and reliable camshafts. Furthermore, the demand is also driven by the technological advancements such as variable valve timing systems and DOHC (double-overhead camshaft) engines that are expected to create demand for more efficient and durable camshafts in the market.
The global Vehicle Camshaft market was valued at US$ 2491.8 million in 2022 and is anticipated to reach US$ 3157.2 million by 2029, witnessing a CAGR of 3.0% during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
A detailed market research report on Global Vehicle Camshaft Market available at: https://www.themarketreports.com/report/global-vehicle-camshaft-market-research-report
This report aims to provide a comprehensive presentation of the global market for Vehicle Camshaft, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Vehicle Camshaft.
Global vehicle camshaft key players include ThyssenKrupp, MAHLE, Kautex Textron (CWC), Seojin Cam, Linamar, etc. Global top 2 manufacturers hold a share about 38%. Europe is the largest market, with a share about 30%, followed by China and North America, both with a share about 48 percent. In terms of product, assembled camshaft is the largest segment, with a share about 49%. And in terms of application, the largest application is passenger vehicle, followed by commercial vehicles.
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