In recent past, additional potential gain has been evaluated in the global automotive market, this is due to increased surge in demand for high performance, fuel efficient and technologically advanced modern vehicles. The automotive component market growth goes proportional with the global automotive production trends. Camshaft is an important engine component in an automobile, from a technical standpoint, a camshaft fulfills the function of converting rotatory motion of crankshaft to oscillating motion of follower, through a cam profile.The global camshaft market is a high growth potential market due to the ongoing advancements in the technology to reduce weight of camshafts and stringent emission norms by international bodies making manufacturers to focus on fuel and engine efficiency. Further, the market is under transition from conventional to modern technology camshafts in the commercial vehicle segment to optimize performance and reduce associated costs. This provides a competitive edge and makes the global automotive camshaft market promising.
Report Analysis@ [URL]https://www.futuremarketinsights.com/reports/automotive-camshaft-market[/URL]
The automotive camshaft market is driven by production of new vehicles and the replacement demands in the market. However, the replacement demands are low as when compared with requirement in new vehicles. Thus OEM is larger and more revenue generating sales channel, as when compared with the aftermarket sales.