Global Automotive Tappet Market, By Product (Flat Tappets, Roller Tappets), Engine (<4 Cylinders Engine, 4–6 Cylinders Engine, >6 Cylinders Engine), Vehicle Type (Heavy Commercial Vehicles, Light Duty Vehicles), Distribution Channel (OEM, Aftermarket), End User (Economic Passenger Cars, Luxury Passenger Cars, Mid-Priced Passenger Cars) – Industry Trends and Forecast to 2029.
Automotive Tappet Market Analysis and Size
The market's expansion can be attributed to rising global demand for passenger cars and commercial vehicles. Furthermore, rising awareness of fuel efficiency and emission standards is driving global demand for automotive tappets.
Data Bridge Market Research analyses that the automotive tappet market was valued at USD 8.5 billion in 2021 and is expected to reach the value of USD 11.51 billion by 2029, at a CAGR of 3.86% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
Automotive Tappet Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Product (Flat Tappets, Roller Tappets), Engine (<4 Cylinders Engine, 4–6 Cylinders Engine, >6 Cylinders Engine), Vehicle Type (Heavy Commercial Vehicles, Light Duty Vehicles), Distribution Channel (OEM, Aftermarket), End User (Economic Passenger Cars, Luxury Passenger Cars, Mid-Priced Passenger Cars)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Schaeffler AG (Germany), SKF (Sweden), Eaton (Ireland), Federal-Mogul (U.S.) NSK Ltd. (Japan), Crower Cams & Equipment Company, Inc. (U.S.), COMP Cams. (U.S.), SM Motor Parts GmbH (Germany), lunatipower.com. (U.S.), RANE ENGINE VALVE LIMITED (India), Wuxi Xizhou Machinery Co., Ltd. (China), Yuhuan Huiyu Tappets Co. Ltd (China), RSR Industries (India), and SSV Technocrates. (India)
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Market Opportunities
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Market Definition
An automotive tappet, also known as a valve lifter or cam follower, is a small automotive component that is installed in engines between the tappet lifting mechanism and the camshaft lobe. Its purpose is to eliminate side thrust and allow for vertical motion to lift the valve. Tappets are made from light-metal material that is formed in a die to form the cylindrical body and is connected to the cam via a receiving plate in the top wall. They improve the vehicle's power output, efficiency, performance, and revolutions per minute (RPM).
Global Automotive Tappet Market Dynamics
Drivers
- Growing demand for fuel efficient and highly powered vehicles
The increasing demand for production of automobiles is the primary factor driving market growth. Furthermore, the growing consumer preference for vehicles with higher efficiency and power output is increasing product demand. Automotive tappets improve engine performance by varying valve timing and changing valve duration while the engine is running. Furthermore, the incorporation of these tappets allows for the integration of multiple camshafts via mechanical linking systems, which increases power output even further.
- Adoption of advanced technologies is contributing to the market
To meet the fuel efficiency demand for high-performance vehicles, manufacturers are adopting innovative technologies and methods to produce Hydraulic Flat Tappet Camshaft (HFTC), driving global demand for automotive tappets. Other factors contributing significantly to market growth include advancements in lubricant technology, improving overall engine durability.
Opportunity
Increasing preferences for improved vehicle efficiency and output power, as well as rising growth in the machine tappets market, will generate abundant opportunities that will lead to the growth of the automotive tappet market during the forecast period
Restraints
The growing preference for hybrid and electric vehicles and rising demand for camless actuation will likely impede the growth of the automotive tappet market during the forecasted period. The increasing share of alternative fuel type engines and environmental awareness will be the primary challenge in market growth.
This automotive tappet market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the automotive tappet market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Automotive Tappet Market
The COVID-19 outbreak has had a significant impact on a variety of industries, including the automotive and transportation industries. To adhere to social distancing norms, governments around the world imposed containment measures such as trade restrictions and factor shutdowns, followed by limited personnel at workplaces. As a result, the imposition of such measures disrupted the automotive and transportation supply chains in 2020. However, the industry began to stabilize in the fourth quarter of 2020, as economies began to reopen and containment measures were relaxed.
Global Automotive Tappet Market Scope
The automotive tappet market is segmented on the basis of product, engine, vehicle type, distribution channel, and end user. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Engine
- <4 Cylinders Engine
- 4–6 Cylinders Engine
- >6 Cylinders Engine
Product
- Flat tappets
- Roller tappets
Vehicle type
- Light duty Vehicle
- Heavy Commercial Vehicle
Distribution channel
- Original equipment manufacturers (OEM)
- Aftermarket
End user
- Economic Passenger Cars
- Luxury Passenger Cars
- Mid-Priced Passenger Cars
Automotive Tappet Market Regional Analysis/Insights
The automotive tappet market is analysed and market size insights and trends are provided by country of product, engine, vehicle type, distribution channel, and end user as referenced above.
The countries covered in the automotive tappet market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
In terms of long-term growth, Asia-Pacific is expected to hold a significant share of the automotive tappet market. Developing countries such as India and China are playing an important role in increasing demand for automobiles, which is supporting the growth of the automotive tappet market.
Furthermore, automation and technological advancements are driving demand in the global automotive tappet market. Europe, North America, and the Middle East and Africa are all growing, which is increasing demand for automobiles. As a result, the automotive tappet market in the aforementioned regions is expected to grow in the coming years.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Automotive Tappet Market Share Analysis
The automotive tappet market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to automotive tappet market.
Some of the major players operating in the automotive tappet market are:
- Schaeffler AG (Germany)
- SKF (Sweden)
- Eaton (Ireland)
- Federal-Mogul (U.S.)
- NSK Ltd. (Japan)
- Crower Cams & Equipment Company, Inc. (U.S.)
- COMP Cams. (U.S.)
- SM Motor Parts GmbH (Germany)
- lunatipower.com. (U.S.)
- RANE ENGINE VALVE LIMITED (India)
- Wuxi Xizhou Machinery Co., Ltd. (China)
- Yuhuan Huiyu Tappets Co. Ltd (China)
- RSR Industries (India)
- SSV Technocrates. (India)
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