In 2029, the Automotive Camshaft market is spectated to surpass ~US$ xx Mn/Bn with a CAGR of xx% over the forecast period. The Automotive Camshaft market clicked a value of ~US$ xx Mn/Bn in 2018. Region is expected to account for a significant market share, where the Automotive Camshaft market size is projected to inflate with a CAGR of xx% during the forecast period.
In the Automotive Camshaft market research study, 2018 is considered as the base year, and 2019-2029 is considered as the forecast period to predict the market size. Important regions emphasized in the report include region 1 (country 1, country2), region 2 (country 1, country2), and region 3 (country 1, country2).
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Global Automotive Camshaft market report on the basis of market players
The report examines each Automotive Camshaft market player according to its market share, production footprint, and growth rate. SWOT analysis of the players (strengths, weaknesses, opportunities and threats) has been covered in this report. Further, the Automotive Camshaft market study depicts the recent launches, agreements, R&D projects, and business strategies of the market players including
Lucrative growth of the automotive industry will fuel the demand for automotive camshafts in the market, which in turn, will encourage manufacturers to expand their production facilities for automotive camshafts. Moreover, laidback availability of capital for expansion of existing manufacturing facilities as well as for the development of new manufacturing facilities for automotive camshafts in the developing regions to meet the demand for automotive camshafts from the automobile industry is expected to fuel the growth of production volumes of automotive camshafts in these regions.
In 2016, the expected demand for passenger vehicles camshafts was around 121.1 Mn Units. This demand for automotive camshafts is projected to grow alongside growth in demand for light commercial vehicles.
By Sales Channel, OEM Segment Is Expected to Register High Value Growth in the Automotive Camshaft Market
The OEM segment is expected to drive the growth of the Automotive Camshaft Market. Owing to their durability and high strength, the replacement rate of automotive camshafts is low. Currently, camshaft manufacturers are focusing on producing light weight and more durable products, which will increase the life span of automotive camshafts as well as automobile. This will increase the OEM segment share in the Automotive Camshaft Market. OEM segment is expected to grow at a CAGR of 4.6% in terms of value. Moreover, this segment accounted for approximately 88.7% market share in 2017, in terms of volume, and is estimated to grow at a significant CAGR.
China Dominates the Automotive Camshaft Market, India and MEA Slated to Be High Growth Markets by the End of the Forecast Period
The China Automotive Camshaft Market accounted for a value share of 25.3% in 2017 and is forecast to maintain its dominance in the global Automotive Camshaft Market owing to increase in production of passenger cars, heavy trucks and trailers in the region. The India and MEA Automotive Camshafts market are projected to represent US$ 101.1 Mn & 103.8 Mn incremental $ opportunity respectively between 2018 and 2028, while the Americas Automotive Camshaft Market is estimated to expand at 3.9% CAGR, in terms of value, and create 319.5 Mn incremental $ opportunity in the Automotive Camshaft Market during the forecast period.
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The Automotive Camshaft market report answers the following queries:
- Why the demand for segment increasing in region?
- At what rate the Automotive Camshaft market is growing?
- What factors drive the growth of the global Automotive Camshaft market?
- Which market players currently dominate the global Automotive Camshaft market?
- What is the consumption trend of the Automotive Camshaft in region?
The Automotive Camshaft market report provides the below-mentioned information:
- Breakdown data at the regional level as well as revenue and growth of the Automotive Camshaft in these regions.
- Distribution channels, and consumption patterns, of the global Automotive Camshaft market.
- Scrutinized data of the Automotive Camshaft on the basis of country, including market share and revenue of the important countries.
- Critical analysis of every Automotive Camshaft market player, such as, collaborations, acquisitions, and product launches.
- Trends influencing the Automotive Camshaft market growth, including ecological preservation, regulatory norms and R&D developments.
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Research Methodology of Automotive Camshaft Market Report
The global Automotive Camshaft market study covers the estimation size of the market both in terms of value (Mn/Bn USD) and volume (x units). Both top-down and bottom-up approaches have been used to calculate and authenticate the market size of the Automotive Camshaft market, and predict the scenario of various sub-markets in the overall market. Primary and secondary research has been thoroughly performed to analyze the prominent players and their market share in the Automotive Camshaft market. Further, all the numbers, segmentation, and shares have been gathered using authentic primary and secondary sources.