Passenger Car Camshaft Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Vehicle Type (SUV, Sedan, Hatchback, MUV), By Manufacturing Technology (Cast Camshaft, Forged Camshaft, Assembled Camshaft), By Fuel Type (Gasoline, Diesel), By Region & Competition, 2021-2031F

Forecast Period	2027-2031
Market Size (2025)	USD 4.13 Billion
CAGR (2026-2031)	6.36%
Fastest Growing Segment	SUV
Largest Market	Asia Pacific
Market Size (2031)	USD 5.98 Billion

Market Overview

The Global Passenger Car Camshaft Market will grow from USD 4.13 Billion in 2025 to USD 5.98 Billion by 2031 at a 6.36% CAGR. A passenger car camshaft is a critical mechanical component within an internal combustion engine, functioning as a rotating rod with distinct lobes that regulate the precise timing and lift of intake and exhaust valves. The market’s expansion is fundamentally supported by the rising manufacturing output of internal combustion vehicles, particularly in developing economies, coupled with the rigorous enforcement of emission standards that necessitate advanced valve actuation systems like Variable Valve Timing to enhance fuel efficiency.

However, the market faces a substantial impediment from the accelerating global transition toward battery electric vehicles, which eliminate the need for traditional valve train components entirely. Despite this structural shift, the volume of internal combustion engine vehicles remains vast. According to the China Association of Automobile Manufacturers, in 2024, the annual production of passenger cars in China exceeded 25 million units, indicating a sustained and robust demand for conventional powertrain components in major markets.

Key Market Drivers

Increasing Global Passenger Vehicle Production remains the primary engine of growth for the camshaft industry, as the sheer volume of internal combustion and hybrid vehicles manufactured worldwide necessitates a steady supply of valve train components. Emerging economies are witnessing a rebound in vehicle output, directly translating to higher procurement orders for precision camshafts. For instance, according to the International Organization of Motor Vehicle Manufacturers, in 2025, passenger car production in China reached over 13.5 million units during the first half of the year, underscoring the scale of conventional powertrain manufacturing. This demand is reinforced by robust performance in other regions where infrastructure for full electrification is still developing. According to the Society of Indian Automobile Manufacturers, in April 2025, passenger vehicle sales in India reached an all-time high of 4.3 million units for the fiscal year 2024-25, highlighting the sustained reliance on combustion engines in high-growth markets.

Simultaneously, the Expansion of the Hybrid Electric Vehicle (HEV) Market is acting as a crucial sustainment for manufacturers. Unlike battery electric vehicles, hybrids retain an internal combustion engine, often utilizing advanced cycle configurations that require specialized camshaft designs to optimize thermal efficiency. This segment provides a strategic buffer against the electrification trend, maintaining the relevance of machined components. According to Toyota Motor North America, in January 2025, the company reported that its sales of electrified vehicles, which utilize internal combustion engines, increased by 53.1% in 2024 to surpass one million units.

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Key Market Challenges

The Global Passenger Car Camshaft Market faces a significant structural challenge arising from the accelerating transition toward battery electric vehicles. Unlike internal combustion engines, which rely on camshafts to regulate valve timing for air and fuel intake, battery electric vehicles utilize electric motors for propulsion and require no valve train components. This fundamental shift in vehicle architecture means that the proliferation of fully electric models directly reduces the Total Addressable Market for camshafts, as these vehicles eliminate the need for the component entirely rather than simply modifying its design or application.

The impact of this trend is evident in the rising market share of zero-emission vehicles in key automotive regions, which progressively limits demand for traditional powertrain hardware. The displacement of combustion engines is quantified by recent industry data showing strong adoption rates for electric platforms. According to the European Automobile Manufacturers’ Association (ACEA), in the first nine months of 2025, battery-electric cars accounted for 16.1% of the total European Union passenger car market share. This substantial portion of the market represents a direct loss of volume for camshaft manufacturers, confirming that the move toward electrification is actively constraining growth opportunities for conventional engine components.

Key Market Trends

The optimization of camshaft profiles for downsized turbocharged engines has emerged as a critical trend as manufacturers seek to extract maximum power from smaller displacement units while meeting strict emissions protocols. In this architecture, the camshaft must be precisely engineered to manage the distinct airflow dynamics of forced induction, often requiring aggressive valve lift and duration profiles to mitigate turbo lag and enhance thermal efficiency. This dependency on specific boosting hardware is reflected in the sustained volume of forced-induction powertrains that directly dictate the specifications of modern camshafts. According to Garrett Motion Inc., February 2025, in the '2024 Annual Report on Form 10-K', the company reported that its global turbocharger production reached 49 million units in 2024, underscoring the massive scale of the engine segment requiring these specialized valve actuation profiles.

Simultaneously, the market is witnessing the widespread adoption of lightweight assembled camshafts, which replace traditional heavy cast-iron counterparts to reduce overall vehicle mass and improve fuel economy. This technology utilizes a hollow tubular shaft with separately manufactured lobes pressed or sintered onto it, allowing for the use of dissimilar materials that optimize both weight and frictional wear resistance. The commercial success of these complex, value-added components is driving significant financial gains for specialized suppliers who are capitalizing on the shift away from monolithic casting. According to Linamar Corporation, March 2025, in the '2024 Annual Report', the company’s Mobility segment, which specializes in precision powertrain manufacturing, achieved a normalized earnings growth of 31% in 2024, a performance attributed to record levels of content per vehicle and market share expansion in such engineered components.

Segmental Insights

The SUV segment is currently the fastest-growing category within the Global Passenger Car Camshaft Market. This expansion is primarily driven by a decisive shift in consumer preference toward vehicles that offer enhanced versatility, spacious interiors, and higher ground clearance. As manufacturers increase production to meet this demand, they must also adhere to rigorous emission standards set by bodies such as the Environmental Protection Agency. This regulatory pressure compels automakers to equip SUVs with advanced camshaft configurations to ensure optimal fuel efficiency, thereby significantly boosting the requirement for specialized engine components in this sector.

Regional Insights

Asia Pacific commands the global passenger car camshaft market due to high automotive production volumes in key economies such as China, India, and Japan. The region benefits from increasing investments by original equipment manufacturers aiming to meet the rising demand for internal combustion engine vehicles. Additionally, the enforcement of rigorous emission standards by regional authorities compels manufacturers to integrate precision engine components to optimize performance and fuel economy. This combination of robust manufacturing infrastructure and regulatory pressure secures the region's strong status in the global industry.

Recent Developments

• In January 2025, Linamar Corporation announced a significant investment of over $1 billion to expand its manufacturing operations and capabilities in Ontario, Canada. This strategic initiative, supported by the provincial and federal governments, aims to enhance the company's production of advanced powertrain solutions, including components for internal combustion engines and electrified vehicles. The expansion focuses on modernizing facilities to produce next-generation technologies such as e-axles and structural components, ensuring the company's continued leadership in the global automotive supply chain. This move reinforces Linamar's position as a key player in the development of critical engine and driveline systems for the passenger car market.
• In November 2024, Mahle Aftermarket Inc. showcased its comprehensive portfolio of engine components and service solutions at the AAPEX 2024 trade show in Las Vegas. The company highlighted its extensive range of high-quality parts for internal combustion engines, including camshafts, valves, and piston systems, alongside its innovations for hybrid and electric vehicle thermal management. By presenting these technologies, Mahle reaffirmed its commitment to supporting the transition of the automotive industry while maintaining a robust supply of essential valve train components for the existing global fleet of passenger cars.
• In October 2024, Hirschvogel Components India received the prestigious "Supplier of the Year Gold Award" from Toyota Kirloskar Auto Parts during their Supplier Day event. This recognition acknowledged the company's outstanding performance in quality, delivery, and product development support for critical automotive components. As a leading manufacturer of forged and machined parts, including camshafts and transmission shafts, Hirschvogel's achievement highlights the successful collaboration between the supplier and the automotive manufacturer in delivering high-precision solutions for passenger vehicles.
• In July 2024, Thyssenkrupp Dynamic Components secured a major ten-year contract to supply camshafts from its production site in Chemnitz, Germany. The agreement, valued in the multi-million euro range, involves the manufacturing of approximately 200,000 ready-to-install camshaft modules annually for a leading commercial vehicle manufacturer, with production scheduled to commence in the summer of 2025. This development underscores the continued demand for efficient internal combustion engine components and secures the long-term utilization of the facility, which is a central hub for the company's global camshaft production network serving both passenger car and commercial vehicle segments.

Key Market Players

• Precision Camshaft Ltd
• Varroc Engineering Limited
• JBM Group
• MAHLE GmbH
• David Newman Camshafts & Co
• Cummins Inc.
• Piper RS Ltd
• KAUTEX TEXTRON GmbH & Co. KG
• thyssenkrupp AG
• Deringer-Ney, Inc.

By Vehicle Type	By Manufacturing Technology	By Fuel Type	By Region
SUV Sedan Hatchback MUV	Cast Camshaft Forged Camshaft Assembled Camshaft	Gasoline Diesel	North America Europe Asia Pacific South America Middle East & Africa

Report Scope:

In this report, the Global Passenger Car Camshaft Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

• Passenger Car Camshaft Market, By Vehicle Type:

• SUV
• Sedan
• Hatchback
• MUV

• Passenger Car Camshaft Market, By Manufacturing Technology:

• Cast Camshaft
• Forged Camshaft
• Assembled Camshaft

• Passenger Car Camshaft Market, By Fuel Type:

• Gasoline
• Diesel

• Passenger Car Camshaft Market, By Region:

• North America
• United States
• Canada
• Mexico
• Europe
• France
• United Kingdom
• Italy
• Germany
• Spain
• Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• South America
• Brazil
• Argentina
• Colombia
• Middle East & Africa
• South Africa
• Saudi Arabia
• UAE