Global Automotive Camshaft Market - Ashland, KY

Thursday, 19 December 2019
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City: Ashland, Kentucky
Offer type: Offer
Price: $4,100


Contact name pallavivn
Phone 09607365656

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Global Automotive Camshaft Market is estimated to propel US$ XX Bn in 2026 and is expected to grow at a CAGR of 3.50% during the forecast period.

Rising production of vehicles and increasing demand for passenger vehicles is a major driving factor for the automotive camshaft market. Moreover, an increasing trend of engine downsizing and stringent automobile standards are the other major factors motivating the growth for advanced and light-weight camshafts globally. Furthermore, growth in the automotive sector and rising investments in automotive camshaft manufacturing companies across the world is set to influence the market significantly during the forecast period.

Automotive camshaft market is segmented into vehicle type, manufacturing technology, sales channel, and region. In terms of manufacturing technology, growth being witnessed in the sales of cast camshaft segment will assist drive the automotive camshaft market over the forecast period.

Based on the sales channel, the OEM segment is estimated to drive the growth of the automotive camshaft market. Owing to their enduringness and high strength, the replacement rate of automotive camshafts is low. Currently, camshaft manufacturers are attention to producing lightweight and more lasting products, which will increase the lifespan of automotive camshafts as well as automobiles. This will raise the OEM segment share in the automotive camshaft market. The OEM segment is expected to flourish at a CAGR of 4.6% in terms of value.

In terms of region, Europe holds the largest market share in terms of revenue followed by the Asia Pacific and North America. In Europe, Germany is the major significant market and the largest contributor to the automotive camshaft market in the region because of the presence of more automobile manufactures in Germany. In North America, the U.S. is the largest market for automotive camshaft market.

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