Camshaft Market Analysis, Industry Trends, and Forecast to 2022 - Key Players are LACO camshafts, Melling Engine Parts, MAHLE GmbH, JBM Industries, Meritor, Newman Cams, Estas Camshaft, ThyssenKrupp, Nilax Overseas, Schrick Camshaft, and Camshaft Machine

Global Camshaft Market Overview:

A Camshaft is an essential component in the engine of a car. It finds a huge application in the internal combustion engine. In a car, the internal combustion engine is produced by letting small amounts of fuel and the mixture air pass through several parts of an engine at different times through a series of valves. The camshaft is a metal shaft that rotates continuously and pushes protruding parts, such as lobes, against the valves that carry the mixture of fuel and air. When the camshaft rotates, the movement of the lobes opens the valves. The lobes are usually rounded, tear-shaped or oval-shaped. There is one lobe on the camshaft for each valve, as each valve is positioned differently to open each specific valve at different times. To have a better performance of a vehicle, it is extremely important to have camshafts to perfectly synchronize the opening of the valves. The two main materials used in the manufacture of camshafts are chilled iron and billet iron.

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Drivers and Restraints:

The increase in vehicle production and the increase in the demand for passenger vehicles is an important driving factor for the Camshaft market. In addition, the upward trend of engine reduction and stringent automotive standards are the other major factors driving the growth of advanced and lightweight camshafts worldwide. In addition, growth in the automotive sector and growing investments in Camshaft manufacturing companies around the world will significantly influence the market during the forecast period.

Geographic Segmentation:

Based on geography, Global Camshaft Market is segmented into regions such as North America, Latin America, Europe, Middle East and Africa and Asia Pacific. In the Asia-Pacific region, countries such as China and India have experienced strong demand and production of passenger vehicles. This, in turn, increases the demand for camshafts in the passenger vehicles of the countries mentioned. In Europe, Germany is the largest market and the largest contributor to the Camshaft market in the region due to the presence of major car manufacturers in Germany. In North America, United States is the largest market for auto camshafts. The United States is the second largest car manufacturer in the world. The growth rate of the Camshaft market in Latin America and the Middle East and Africa is low, reflecting the decline in vehicle use and production in the above-mentioned regions. However, with the growth of the auto sector and investments in automotive companies in Latin America, and the Middle East and Africa, the Camshaft market is expected to improve in the coming years.

Key Players in Global Camshaft Market:

Major players actively participating in Global Camshaft Market are LACO camshafts, Melling Engine Parts, MAHLE GmbH, JBM Industries, Meritor, Inc., Newman Cams, Kautex Textron GmbH & Co. KG, Piper RS Ltd, Estas Camshaft, ThyssenKrupp, Nilax Overseas, J- Cam Engineering Corporation, Schrick Camshaft, and Camshaft Machine Company among many others.

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The scope of the report:

The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along with this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.

The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis of prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.

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