DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/z793kb/global_automotive) has announced the addition of the "Global Automotive Camshaft Market 2015-2019" report to their offering.
The global automotive camshaft market to grow at a CAGR of 4.55% during 2014-2019.
The global automotive camshaft market is gaining momentum in many countries with the growing car parc at the global level. Camshaft is a critical component that is necessary for the functioning of an engine. The camshaft market is directly proportional to growth in the automotive sector.
The automotive camshaft market is highly dependent on the sales of vehicles and the demand from the replacement market. The OEM segment forms a major portion of the automotive camshaft market and an important source of revenue. The report covers the market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
Traditional one-piece camshafts are manufactured by iron casting or forging processes. Although one-piece camshafts are low cost, have less complex structural requirements and have high vibration absorption, they are less efficient and are heavier than their technologically advanced counterparts.
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. 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.
According to the report, 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.
While China continues to be the world's largest automotive market, the automotive market in India is dynamic and rapidly growing. The increased demand for passenger cars and LCVs from emerging economies would propel the demand for camshafts and thus would drive the camshaft market.
Further, the report states that the high replacement cost of camshafts is a major challenge faced by the market.
- Bharat Forge
- Estas Camshaft
- Precision Camshafts
Other prominent vendors
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Market research methodology
Part 04: Introduction
Part 05: Global automotive market landscape
Part 06: Global automotive market segmentation by vehicle type
Part 07: Global automotive market segmentation by geography
Part 08: Supply chain analysis of the automotive industry
Part 09: Global automotive camshaft market landscape
Part 10: Market segmentation by end-user
Part 11: Geographical segmentation
Part 12: Market drivers
Part 13: Impact of drivers
Part 14: Market challenges
Part 15: Impact of drivers and challenges
Part 16: Market trends
Part 17: Vendor landscape
Part 18: Key vendor analysis
Part 19: Appendix
For more information visit http://www.researchandmarkets.com/research/z793kb/global_automotive.