Automotive Camshaft Followers Market: Market Outlook
Over the past decades, there has been significant improvement and addition in the automotive market worldwide. As the demand has risen for fuel efficient, high performance and technically developed modern vehicles, the automotive component market has observed a substantial growth.
Automotive camshaft followers are a significant part of automotive engine controlling systems. Automotive camshaft followers are specific bearings that follow cam portion profiles. These components play an important role in ensuring the valve timing of an automotive engine. These are guide rollers for cam mechanism and experience linear motion. Moreover, different kinds of camshaft followers are found in vehicles that include flat faced followers, mushroom followers, roller followers, knife edge followers to name a few
Automotive Camshaft Followers Market: Dynamics
Growing pressure on automotive manufacturers by regulating authorities such as Environmental Protection Agency (EPA) to reduce emission levels in a vehicle is driving technological advancements in engine technologies. For instance, regulations/standard driving modernizations in engine management systems are expected to support the market growth for the forecast period. In addition, from a macro-economic point of view, factors such as increasing disposable income, rising standard of living & decreasing tax rates, mainly in developing nations, are anticipated to surge vehicle sales that eventually will lead to increase in sales of automotive camshaft followers.
Apart from this, some of the dynamics such as uncertainty being experienced by some countries coupled with prevailing economic fluctuations could restraint the growth of the market. Moreover, high cost of technology may also act as a factor restraining the adoption of high cost products among end-users. On contrary, investment in product technology development is expected to be a major trend prevailing in the automotive camshaft followers market over the forecast period. Nowadays, the camshaft followers are made from a carbo-nitrided 52100 or 4130 steel to provide better wear resistance that is equivalent to diamond-like coatings that helps to reduce the cost of the components.
Automotive Camshaft Followers Market: Regional Outlook
Region wise, Asia Pacific is anticipated to capture maximum share for the global automotive camshaft followers market in terms of market share. Demand from the region is expected to remain growing throughout the forecast period as the region dominate vehicle production in the world. Japan, India, South Korea and China, the prominent automotive markets in the region, are projected to be main contributors to the growth of the automotive camshaft followers market in Asia Pacific.
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With key technology providers based out in the region, Western Europe is expected to be the next notable market for automotive camshaft followers. Europe is expected to emerge as a hub for research and development in the global automotive camshaft followers market. In terms of demand for automotive camshaft followers, North America is projected to stand after Western Europe and Asia Pacific. Eastern Europe, Latin America and Middle East and Africa (MEA) are projected to be next important markets, respectively, in terms of demand for camshaft followers.
Automotive Camshaft Followers Market: Segmentation
On the basis of type, the Automotive Camshaft Followers Market can be segmented into:
- Needle cam Follower
- Flat cam Follower
- Knife Edge Follower
- Roller Cam Follower
- Spherical Follower
On the basis of motion, the Automotive Camshaft Followers Market can be segmented into:
- Oscillating automotive Camshaft Follower
- Translating automotive camshaft Follower
On the basis of engine type, the Automotive Camshaft Followers Market can be segmented into:
On the basis of material, the Automotive Camshaft Followers Market can be segmented into:
- Cast Iron
- Chromium Plated
- Carbon Steel
- Stainless Steel
On the basis of sales, the Automotive Camshaft Followers Market can be segmented into:
On the basis of vehicle type, the Automotive Camshaft Followers Market can be segmented into:
- Passenger Car
- Trucks & Trailers
- Buses & Coaches
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Automotive Camshaft Followers Market: Market Participants
Examples of some of the market participants/vendors identified in the Automotive Camshaft Followers Market across the globe are:
- AB SKF
- Carter Manufacturing Ltd.
- Crower Cams & Equipment Company, Inc.
- Delphi Automotive LLP
- Federal-Mogul LLC
- Magneti Marelli
- National Precision Bearing Group
- RBC Bearings Inc.
- Schaeffler Technologies AG & Co. KG
- THK CO., LTD.