Global Automotive Camless Engine Market Report and Forecast 2024-2032

Global Automotive Camless Engine Market Outlook

The global automotive camless engine market is expected to grow at a CAGR of 22.60% in the forecast period of between 2024 and 2032, driven by the improved fuel efficiency offered by these engines and reduced maintenance needs. 

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Key Trends in the Market

A camless engine which is also known as free-valve piston engine, is a type of engine that has no camshaft and thus, the poppet valves are operated with the help of hydraulic, pneumatic, or electromagnetic actuators. Camless engines are mostly used in power stations and marine applications but are increasingly being used for automotives. The exhaust timing and fuel injection are controlled by the engine control unit that can be changed and adjusted without stopping the engine. 

• Market key players are carrying out research and development activities in order to improve the performance and fuel efficiency of automotive engines to reduce carbon emissions. Strict regulations imposed by various governments to control carbon emissions has also encouraged investments by manufacturers for the development of advanced technology for automotive camless engines.

• Growing inclination of consumers towards light weight vehicles is increasing the production of camless engines by original equipment manufacturers thereby fuelling the growth of automotive camless engine market.

• Use of computer system to control the working of camless engine has proved to be a great asset in eliminating mechanical failures, increasing the safety of the vehicles. Computer systems also help regulate the fuel injections.

Market Analysis

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Based on type, the market can be bifurcated into diesel engine and gasoline engine. On the basis of application, the market is categorised into passenger vehicles and commercial vehicles. By sales channel, the market is divided into manufacturer/distributor/service provider and aftermarket. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global automotive camless engine market covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.  

• Freevalve AB

• Musashi Engineering Inc.

• BorgWarner

• ElringKlinger AG

• Parker Hannifin Corporation

• Others

Market Share by Type

Gasoline engines are expected to account for a sizable share in the automotive camless engine market as gasoline is commonly used for automobiles, particularly in regions such as North America. However, diesel engines are projected to witness a fast growth in the market for automotive camless engines in the coming years due to the widespread usage of diesel engines in automotives in Europe and the Asia Pacific. Manufacturers are already experimenting with applications of automotive camless engines in diesel. Furthermore, diesel engines offer greater fuel efficiency which is expected to be supplemented by camless engines. 

Market Share by Region

Asia Pacific has a healthy positioning in the automotive camless engine market and is expected to continue growing in the forecast period as well. Rising export and production of automotives and automotive components in countries such as China and India are fuelling the growth of the market in the region. This is coupled by various other factors such as increasing urbanisation, developing infrastructures, increasing disposable incomes, and expansion of industrial sectors. Further, countries such as India, Japan, and China are developing and manufacturing technologically advanced components in order to improve the performance of the vehicle and reduce fuel emission too. This is anticipated to support the growth of the market for automotive camless engines further in the forecast period. 

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Competitive Landscape

Freevalve AB is a motor vehicle manufacturing company that has its headquarter in Ängelholm, Sweden. It was founded in 2000 and is known for developing and manufacturing camless engine technology which helps support freedom in engine control, fuel flexibility, and gas exchange. The company also introduces other inventions fully based on variable valve timings. 

Musashi Engineering Inc. was founded in 1978 is headquartered in Tokyo, Japan. It is a semiconductor company that primarily manufactures equipment and sub-systems associated with semiconductors. Its products include hybrid equipment, moulding equipment, automation and robotics, precision dispensers, sealing and die bonding, hybrid materials such as substrates, bonding tools, and marking inks and process chemicals such as solvents and photoresist. 

BorgWarner was founded in 1928 and is based in Michigan, United States. It is an automotive supplier that has technical system and production facilities spread all across the world at 93 sites in 22 countries. They manufacture and supply engineered components and engineered systems for use in automotive powertrains. 

Other market players include ElringKlinger AG, and Parker Hannifin Corporation, among others.

Key Highlights of the Report