From the past few
years, we have observed that there has been a surplus addition and improvement
in the automotive market globally. As the demand has risen for high performance
and working, fuel efficient and technically improved modern vehicles, the
automotive component market has witnessed a significant growth.
It is going
relatively with the current trends of automotive production. In an automobile,
camshaft is considered as an essential engine component. If viewed from a
technical point of view, a camshaft performs the task of altering rotatory
motion of crankshaft to oscillating motion of follower and that is being done
through a cam profile.
The ongoing
innovations that are taking place in the technology are being done to lower the
weight of the camshafts. The strict emission norms that are laid down by the
foreign bodies are imposing the producers to lay more emphasis on fuel and
engine efficiency. The market is still going through the changeover from the
traditional to modern technology camshafts in the sector of commercial
vehicles.
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The main objective
behind the changeover is to optimize the performance level and cut down the
related costs. Now this aspect is ultimately making it a more competitive
market comparatively and a more promising one. Production of modern vehicles
and the replacement demands are together compelling the automotive camshaft
market to its peak. However, it can be observed that when compared to the
requirement for the modern vehicles, the replacement demands are quite less.
What actually is
increasing the demand for camshafts is the rising automobile production
globally, strictly implemented emission standard norms, alteration of old and
outdated engines and the requirements for modern and advanced engines. These
are the aspects that are compelling the automotive camshaft market globally.
But the market has a major obstacle that is impeding the way that is its huge
replacement cost. Segmentation By Manufacturing technology includes Cast
Camshaft, Forged Steel Camshaft, and Assembled Camshaft. Segmentation by type of
vehicle includes Passenger Vehicles, Light Commercial Vehicles, and Heavy
Commercial Vehicles. Segmentation By sales channel includes OEM (Original
Equipment Manufacturers), and
Aftermarket.
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