London, 03 September 2015: Technavio, the independent tech-focused global research firm, has published a report on the global automotive camshaft market 2015-2019, which is expected to grow at a CAGR of 4.55% during 2014-2019.
The global automotive market is experiencing an increase in demand for passenger cars, especially from emerging economies such as China, Brazil, and India, owing to the significant economic growth and elevated disposable income of consumers. The increased demand for passenger cars and LCVs from emerging economies would propel the demand for camshafts and thus would drive the camshaft market.
“With increasing government regulations for reducing vehicle emission and the need to maintain fuel economy, manufacturers are focusing on altering the structure of camshafts to integrate them with cylinder heads,” says Faisal Ghaus, Vice President of Technavio.
“Assembled camshaft is one such technology where the camshaft is integrated with the cylinder head using hydroforming. This technology reduces the component weight by up to 60%, and also provides benefits such as reduced rotational inertia, lower noise and vibration; and improved fuel economy, engine dynamics and performance.”
Key Market Drivers
- Stringent fuel emission standards
- Increase in demand from emerging economies
- Emergence of high-performance cars
Key Market Trends
- Technological innovations
- Increased focus on high-performance camshafts used in racing cars
Key Market Vendors
- Bharat Forge
- Estas Camshaft
- MAHLE
- Precision Camshafts
- ThyssenKrupp
To define the market circumstances in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
