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The automotive camless engine market size is estimated to grow at a CAGR of 70.09% between 2023 and 2028. The market size is forecast to increase by USD 40,885.26 million. The growth of the market depends on several factors such as the electrification of automotive components for efficient braking and higher fuel efficiency, the advantage of greater fuel efficiency and more power, and the decreasing prices of retail gasoline.
This automotive camless engine market report extensively covers market segmentation by application (passenger cars and commercial vehicles), type (gasoline engine and diesel engine), and geography (APAC, Europe, North America, Middle East and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2018 - 2022.
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Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
One of the key factors driving the automotive camless engine market growth is the advantage of greater fuel efficiency and more power. The research and development in the field of automotive powertrains have resulted in the development of more efficient designs in the field of automotive engines, camshafts, crankshafts, cylinder heads, and timing belts, among others. In addition, an engine forms the heart of a vehicle, and therefore, vehicles' engine has witnessed major developments and improvements over the years.
Moreover, the development of the camless engine design promises to be more efficient and durable than the conventional one. In addition, the valve operation is greatly optimized for the use of camless engine profiles as the system uses either a pneumatic, electrohydraulic, or electromagnetic actuator for precision control of the valve. Hence, such factors are positively impacting the market. Therefore, it is expected to drive the market growth during the forecast period.
A key factor shaping the automotive camless engine market growth is the development of single-cylinder light-duty camless engines. The global automotive industry has witnessed a significant revolution in the field of powertrain, safety, technology, comfort, and convenience systems. In addition, modern cars are much more technically advanced compared with their predecessors, with the automotive industry shifting toward autonomous mobility.
Moreover, automotive engines have been one of the primary areas of development, with engine designers and manufacturers continuously investing in the research and development of advanced engine systems. For instance, Ricardo is a global engineering and consultancy firm, that specializes in the manufacturing of high-performance products the company offers consulting solutions in the fields of technical, performance, critical, energy, strategic, and environmental, among others. Hence, such developments are positively impacting the market. Therefore, it is expected to drive the market growth during the forecast period.
Chances of technical failure of automotive camless engine system are one of the key challenges hindering the automotive camless engine market growth. The automotive camless engine profile exhibits several advantages and benefits over traditional cam engines. The flexibility of the valve mechanism inherited into the system with the use of pneumatic or electrohydraulic actuators is one of the biggest takeaways of this advanced system, which is leading to its growing popularity in the automotive industry.
Moreover, several stakeholders involved in engine development and testing are finding ways to make camless engine designs suitable for mass adoption. However, the significant complexity and integration of numerous delicate sub-systems and components pose a challenge to the viability of the camless engine design on a large scale. Furthermore, the integration of more electronic components also means that the repairs and replacement of parts would inherently be more expensive and frequent. Hence, such factors are negatively impacting the market growth during the forecast period.
The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Automotive Camless Engine Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
BorgWarner Inc: The company offers automotive camless engine products such as Cam Torque Actuated Phasers, Intelligent Cam Torque Actuation, and Torsional Assist Phasers.
The research report also includes detailed analyses of the competitive landscape of the market and information about 10 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The passenger cars segment is estimated to witness significant growth during the forecast period. Developed automotive markets, including Europe and North America, contribute significantly to the global automotive camless engine market. One of the main reasons is that the vehicles sold in these regions have a maximum uptake of modern automotive camless engines. Furthermore, stringent regulatory norms on fuel efficiency are driving automakers and vendors to improve the design of camless engines and related components, such as the engine control module (ECM).
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The passenger cars segment was the largest segment and was valued at USD 335.54 million in 2018. Moreover, the increasing demand for fuel efficiency in passenger cars by customers is fuelling the adoption of additional features in vehicles. In addition, the automotive camless engine and its related components, such as fuel pumps, sensors, and electronic control units (ECU), have also evolved in terms of design and the functionality offered. Furthermore, the increasing demand for premium-segment luxury cars from emerging and developed economies is fuelling the growth of this segment which in turn will drive the market growth during the forecast period.
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APAC is estimated to contribute 52% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. Some of the main revenue-contributing countries in the market in APAC include China, India, and Japan. In addition, these countries are high-volume adopters of vehicles. Moreover, factors such as the increasing disposable incomes in emerging economies such as China and India have led to a rise in the number of car buyers. Therefore, the automotive industry in the region fuels the demand for automotive camless engines. The high purchasing power has increased the sales of luxury cars in the region. Furthermore, the high purchasing power has increased the sales of luxury cars in the region. Hence, such factors drive the market growth in APAC during the forecast period.
In 2020, during the COVID-19 pandemic, the growth of the global automotive camless engine market witnessed a significant slowdown due to the severe disruptions in the businesses of several market players in APAC. However, in 2021, the initiation of large-scale vaccination drives lifted the lockdown and travel restrictions, which led to the restoration of operations in business units. Such factors are expected to drive the market during the forecast period.
The automotive camless engine market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028.
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Automotive Camless Engine Market Scope |
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Report Coverage |
Details |
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Page number |
155 |
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Base year |
2023 |
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Historic period |
2018 - 2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 70.09% |
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Market Growth 2024-2028 |
USD 40,885.26 million |
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Market structure |
Concentrated |
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YoY growth 2023-2024(%) |
80.0 |
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Regional analysis |
APAC, Europe, North America, Middle East and Africa, and South America |
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Performing market contribution |
APAC at 52% |
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Key countries |
US, China, Japan, India, and Germany |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
BorgWarner Inc., Camcon Auto Ltd., ElringKlinger AG, Freevalve AB, Linamar Corp., Musashi Seimitsu Industry Co. Ltd., NEMAK SAB de CV, Parker Hannifin Corp., Textron Inc., and thyssenkrupp AG |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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