Asia Automotive Camshaft Market

Asia Automotive Camshaft Market Overview

The camshaft is a rotating element in an engine that helps in activating intake and exhaust valves for each cylinder. It is the crucial component in the vehicles that varies in length and size depending upon the type of vehicles.It consists of spring-loaded valves in synchronicity with the motion of the pistons and firing of the spark plugs for the activating ignition system.

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Major Catalysts Market Drivers

The factors driving the Asia automotive camshaft market include increasing adoption of double overhead camshaft engines in the commercial and passenger cars with strict rules and regulations implied with government standards associated with carbon emission, is expected to strengthen the market over the forecast period. Rising the production and sale of the commercial and passenger vehicles have propelled the market growth.For instance,International Organization of Motor Vehicle Manufacturers in 2019, the passenger vehicle and commercial vehicles production increased to 67.16 Million and 20.5 Million that slightly declined during the COVID-19 pandemic in 2020 to 55 Million and 17 Million respectively. However, the global vehicle demand is increasing with surge in the demand in developing countries such as India, China, Bangladesh and Indonesia have created massive demand for the growth of the automotive camshaft market growth.

Restraint in the Asia Automotive Camshaft Market

However, increasing concerns related to the strict rules and regulations imposed by government regarding the emission from the internal combustion vehicles and for the automotive component suppliers may hamper the market growth. For instance, in 2019, the Indian government has imposed the Bharat stage emission standards (BSVI) for regulating the emission of air pollutants due to IC engine based passenger and commercial vehicles may hinder the automotive camshaft market in Asia.

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OEM segment has the highest demand due to increasing vehicle production which requires camshafts as the core component in the vehicle manufacturing stage. Several OEMs of automotive includes such as Tata Motors, General Motors, Volkswagen AG, and Toyota Motor Corporation are increasing the production of the vehicles due to increasing sale in first quarter of 2021. Since these OEMs offers camshafts with high durability and strength.

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Key Developments:

• • In 2019, ThyssenKrupp AG has invested approximately USD 17.4 Billion for the expansion of a camshaft plant in Pécs, Hungary. The new manufacturing unit have the facility to manufacturer integrated camshaft with improved quality, using the advanced technologies across the production line.

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Asia Automotive Camshaft Market by Countries

• • India Automotive Camshaft Market All-Up (Option 1: Free 25% Customization)
  • China Automotive Camshaft Market All-Up(Option 2: Free 25% Customization)
  • Japan Automotive Camshaft Market All-Up(Option 3: Free 25% Customization)
  • Rest of Asia Automotive Camshaft Market All-Up (Option 4: Free 25% Customization)