Automotive Tappets Market to grow by USD 1.82 billion between 2023-2027
According to a research report “ Automotive Tappets Market” by Type (Flat tappets, Roller tappets) Distribution Channel (OEM, Aftermarket) Geography (APAC, North America, Europe, Middle East and Africa, South America)- Global Forecast to 2027 published by Technavio, the market size is estimated to grow by USD 1.82 billion at a CAGR of 3.95% during the forecast period. In the global automotive industry, emerging economies such as India and China are spearheading the growth of the tappets market. The surge in vehicle production is attributed to urbanization, rising disposable incomes, and increasing consumer affluence. Consequently, the demand for engine components, including tappets, has escalated due to their essential function in engine operation. To meet this burgeoning demand, tappet manufacturers must expand production capacity, thereby fueling market expansion during the forecast period..
Browse market data tables, figures, and in-depth TOC on “Automotive Tappets Market” by Type (Flat tappets, Roller tappets) Distribution Channel (OEM, Aftermarket) Geography (APAC, North America, Europe, Middle East and Africa, South America) Global Forecast to 2027.
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By Type, the Flat tappets segment is projected to dominate the market size in 2024.
In the automotive tappets market, Original Equipment Manufacturers (OEMs) have become a significant distribution channel in 2022. OEMs supply high-quality and precise tappets directly to vehicle manufacturers, catering to the growing demand for innovative automotive technologies and stringent quality standards. Leading OEMs like Delphi Technologies, Schaeffler Group, and Eaton Corporation offer tappets tailored to specific vehicle types, leveraging their extensive industry presence, R&D capabilities, and economies of scale to deliver cost-effective and reliable solutions. Consequently, OEMs play a pivotal role in shaping the dynamics of the global automotive tappets market.
By Distribution Channel, OEM segment is expected to hold the largest market size for the year 2024.
The automotive tappets market has witnessed a shift from traditional flat tappets towards more advanced alternatives, such as roller and hydraulic tappets. While flat tappets continue to be used in cost-sensitive applications, including older automobiles and entry-level economic cars, the market trend favors the adoption of roller tappets. These advanced tappets offer enhanced performance and durability, making them a preferred choice for high-performance and current engine designs. Despite the decline in market share, flat tappets retain their significance in niche applications where cost and conventional aesthetics are prioritized.
APAC is forecasted to hold the largest market size by region in 2024.
The APAC automotive tappets market is experiencing robust growth, fueled by the expanding automotive industry and increased vehicle production in the region. Key drivers include rising disposable incomes, urbanization, and a burgeoning middle class population, all of whom demand passenger and commercial vehicles. Stricter emission regulations have further spurred innovation in tappet technology to enhance engine efficiency. Notable market players, such as Schaeffler Group and Rane Engine Valve Limited, provide a range of tappet solutions catering to diverse vehicle types. China, India, and Japan are emerging as major regional markets due to their substantial automobile manufacturing capacity and customer demand.
The Automotive Tappets Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:
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Research Analysis Overview
The Automotive Tappet market plays a crucial role in the operation of internal combustion engines found in various vehicles. Key components of this market include Cam Followers and Valve Lifters, manufactured by industry leaders such as SSV Technocrates and RSR Industries. These components facilitate the rotating motion of the camshaft, which in turn controls the opening and closing of Valves. COMP Cams and Federal-Mogul are prominent players in the production of Camshafts and Valves, respectively. The ecosystem tappet market experiences significant growth due to the continuous vehicle production and the model-wise analysis conducted by OEMs. Pestle analysis reveals that factors such as increasing demand for fuel-efficient vehicles and stringent emission norms impact the market dynamics. Data triangulation through a bottom-up approach is used to estimate the market size, considering the production volume of cylinders and the average usage of tappets per cylinder. Automotive OEMs rely on the efficient functioning of these components to ensure proper engine operation and maintain accurate valve clearance. The market's future growth is expected to be driven by advancements in engine technology and the increasing demand for high-performance vehicles.
Market Research Overview
The Automotive Tappets Market is experiencing significant changes due to various factors such as shutdowns, trade restrictions, and containment measures. These disruptions have impacted the transportation industries, leading to adjustments in emission standards and a growing demand for environmentally friendly and fuel-efficient vehicles. Key players in the market include SSV Technocrates, RSR Industries, COMP Cams, Federal-Mogul, SKF, and others. The market is segmented based on the type of engines, including engines with >6 cylinders, 4–6 cylinders, and <4 cylinders. The use of advanced materials like ceramics and carbon composites in the production of tappets is a trend in the market, aimed at reducing friction and improving efficiency and performance. The OEM ecosystem tappet market is witnessing growth due to the rising demand for vehicles, particularly in emerging economies. The market is also influenced by stringent emission regulations, leading to the development of high-performance, fuel-efficient engines. The installation of engines in luxury passenger cars and economic passenger cars, as well as heavy commercial vehicles, is driving the market. The market's future outlook includes the adoption of hybrid vehicles and electric vehicles, as well as the use of lubricant technology to improve engine reliability and reduce friction at high pressures and temperatures. The bottom-up approach to market analysis, including model-wise analysis and data triangulation, is essential to understanding the market dynamics.
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