DUBLIN, October 4, 2017 /PRNewswire/ --
The "Global Automotive Camshaft Market 2017-2021" report has been added to Research and Markets' offering.
The global automotive camshaft market is forecast to grow at a CAGR of 3.50% during the period 2017-2021.
The report, Global Automotive Camshaft Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
One trend in the market is development of high-performance camshafts for racing and sports cars. The global automotive camshaft market is witnessing the development of latest technologies with different design configuration for different categories of vehicles. Conventional camshafts follow a consistent mechanical rotation irrespective of the variable RPM and engine load.
According to the report, one driver in the market is growing volume sales of automobiles, driving ICE market. The global automotive market is witnessing an increase in demand and volume sales of passenger cars, especially from emerging countries (like China, Brazil, and India), which offer elevated purchasing power and have registered significant economic growth. The developed geographic regions, such as North America and Europe, are also contributing to the overall growth of the automotive industry with a high proportion of luxury sedans and performance vehicles. Growth in emerging markets, especially in BRIC countries, with ongoing industrialization and global trade activity, has been vigorous.
Further, the report states that one challenge in the market is expensive to replace or repair when damaged (high service expenses). An automotive camshaft plays a crucial role in an engine's functioning. Any potential damage to the automotive camshaft can result in the inefficient working of the engine, which can lead to catastrophic damage to the engine. Modern automobiles with ICE come equipped with camshaft position sensor that is located adjacent to the engine camshaft and monitors the position of the camshaft on a real-time basis. The automotive camshaft faces a challenge in the form of high repairing or replacement costs in the case of a malfunction. With the addition of electronic sensors, the engine is able to perform more efficiently and effectively.
Other prominent vendors
Key Topics Covered:
Part 01: Executive Summary
Part 02: Scope Of The Report
Part 03: Research Methodology
Part 04: Introduction
Part 05: Market Landscape
Part 06: Market Segmentation By Material Type
Part 07: Geographical Segmentation
Part 08: Decision Framework
Part 09: Drivers And Challenges
Part 10: Market Trends
Part 11: Vendor Landscape
Part 12: Key Vendor Analysis
Part 13: Appendix
For more information about this report visit https://www.researchandmarkets.com/research/82lmw4/global_automotive
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SOURCE Research and Markets
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