Automotive Camshaft Market Growth 2024

1. Downloaded from: justpaste.it/8hkeh Automotive Camshaft Market Trends, News and Demand 2024 The automotive camshaft market size has the potential to grow by 14.10 million units during 2020-2024, and the market’s growth momentum will accelerate during the forecast period. Get Sample of the Report: https://www.technavio.com/talk-to-us?report=IRTNTR44079&type=sample&src=report This report provides a detailed analysis of the market by material (cast iron and billet steel) and geography (APAC, Europe, North America, South America, and MEA). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including Freudenberg SE, Kalyani Group, Kautex Textron GmbH & Co. KG, Linamar Corp., MAHLE GmbH, Meritor Inc., NEMAK SAB de CV, Precision Camshaft Ltd., Sandvik AB, and thyssenkrupp AG. Market Competitive Analysis The market is fragmented. Automotive camshaft manufacturers are continuously working on developing quality and durable products for automotive engine manufacturers. Prominent vendors are expected to focus on using rigid materials for manufacturing camshafts during the forecast period. Freudenberg SE, Kalyani Group, and Kautex Textron GmbH & Co. KG are some of the major market participants. Although the increasing use of VVT or dual VVT engines will offer immense growth opportunities, the market participants will face certain growth challenges. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. To help clients improve their market position, this automotive camshaft market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this automotive camshaft market analysis report also provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities. Automotive Camshaft Market: Key Drivers and Trends Research analysis on the global automotive camshaft market identifies that the increasing use of variable valve timing (VVT) or dual VVT engines will be one of the major factors that will have a positive impact on the market growth in the coming years. Technavio’s market research analysts predict that this market will grow at a CAGR of almost 2% by 2024. Camshaft manufacturers introduced an innovative technology called VVT for high- performance and racing cars. This technology offers advances in valve timing and changes the duration of the opening/closing of valves when the engine is running. VVT systems offer improved performance of engines at higher RPM. Automotive companies such as Audi, BMW, Mercedes-Benz, and Volkswagen have been using VVT technologies widely over the years. Moreover, newer technologies such as dual variable valve timing with intelligence (VVT-i) allow the adjustment of the valve time to both inlet and exhaust valve. On the other hand, VVT

2. enables adjustments to be made to the valve timing only on the inlet valve. With the increasing sales of automobiles with VVT, or dual VVT technology, the demand for automotive camshafts will subsequently increase during the forecast period. Automotive Camshaft Market: Key Highlights of the Report for 2020-2024 CAGR of the market during the forecast period 2020-2024 Detailed information on factors that will drive automotive camshaft market growth during the next five years Precise estimation of the automotive camshaft market size and its contribution to the parent market Accurate predictions on upcoming trends and changes in consumer behavior The growth of the automotive camshaft industry across APAC, Europe, North America, South America, and MEA A thorough analysis of the market’s competitive landscape and detailed information on vendors Comprehensive details of factors that will challenge the growth of automotive camshaft market vendors