According to the research, the Camshaft Lifters market is anticipated to exhibit healthy growth between 5% and 6% during the assessment period of 2021 to 2031.
Camshafts are classified based on the kind of lifter they use. Depending on the lifter, the lobes on the cam are machined differently. Lifters are sometimes known as “followers” or “tappets”.
The rising demand for high performance engines and the constant innovations in the automotive industry is expected to fuel the growth of the market throughout the forecast period.
What is Driving Demand for Camshaft Lifters
Camshaft lifters aid in achieving high efficiency while lowering fuel emissions. These lifters boost efficiency and productivity while also improving the number of revolutions per minute (RPM).
As the demand for high-efficiency vehicles grows worldwide, leading manufacturers are focusing on technological innovations.
Government rules and norms have imposed an increase in fuel efficiency of vehicles, while reducing the CO2 emissions.
For example, starting from 2017, the United States Environmental Protection Agency (EPA) and the National Highway Traffic Safety Administration (NHTSA) have set rules for all new passenger cars and light trucks to increase fuel efficiency and reduce emissions.
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Similarly such norms are being followed by many developed and developing countries across the world. Moreover, the rise in the production and sales of automobiles globally is expected to propel the growth of the market throughout the forecast period.
What are the Factors influencing the Sale of Roller Camshafts
Roller camshafts are gaining prominence among automobile manufacturers mainly due to their improved output efficiency and vehicle performance.
Roller camshafts are capable of operating at high engine rpms of 1500 to 2000, providing them a competitive edge over other camshaft lifters available in the market.
Roller Camshafts reduce friction, thereby increasing the amount of power available. Roller cams tend to wear less resulting in a longer lifespan.
These camshafts also open faster and stay in a higher lift for a longer duration of time. This results in increased airflow and power. These factors are expected to spur the sales of Roller camshafts in the global market.
Why is Passenger Cars segment Expected to Hold Majority of the Market Share
In 2020, as per OICA (Organisation Internationale des Constructeurs d’Automobiles), the passenger car segment accounted for around 71% of the global vehicle production.
The significant production makes passenger cars the prominent vehicle segment for camshaft lifters. In the Americas, the growing popularity of SUVs and hatchbacks is fuelling the demand for passenger vehicles.
Due to rising living standards and economic development in Europe and the Americas, demand for premium cars is expanding. Roads and infrastructure have improved in countries like China, India, South Korea and Vietnam owing to economic development. As a result, the trend of owning a vehicle has accelerated, resulting in an increase in the number of passenger vehicles.
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The market for camshaft lifters is being propelled by an increase in the number of passenger vehicles.
Asia Pacific Demand Outlook for Camshaft Lifters
In order to limit air pollution and combat climate change, Asia Pacific countries are enacting strict laws.
For example, in nations like India, Japan and China, government requirements such as CAFÉ and pollution control norms are pushing the need for high-performance and fuel-efficient vehicles.
The rapid rise in the production and sales of vehicles in countries like India and China is likely expected to boost the sales of Camshaft Lifters in the region.
Who are the Key Manufacturers and Suppliers of Camshaft Lifters
The existence of leading producers has made the camshaft lifters market highly concentrated.
Few of the major participants in the market are
- Rane Holdings Limited,
- SSV Technocrates,
- Schaeffler,
- Shri Ram International,
- SSV Technocrates,
- Wuxi Xizhou Machinery Co., Ltd.,
- SM Motorenteile GmbH,
- COMP Cams and Crower Cams & Equipment Co., Inc., among others.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments.
The report also maps the qualitative impact of various market factors on market segments and geographies.
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Camshaft Lifters Market Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint