Latest News- Automotive Tappets Market: Flat tappets is expected to lead the Type segment during 2024-2028

The Automotive Tappets Market is being driven by Increasing automobile production

The Automotive Tappets Market is expected to grow at a CAGR of 4.36% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 2099.8 million. The global automotive tappets market is experiencing significant growth due to the automobile industry's ongoing trend towards lightweighting. Manufacturers are increasingly turning to lighter materials, such as titanium and advanced alloys, to reduce vehicle weight while maintaining performance. Titanium tappets, with their high strength-to-weight ratio, contribute to engine load reduction and improved efficiency. Similarly, new alloys offer enhanced endurance and performance, making them preferable to older materials. To optimize weight and functionality, automakers are investing heavily in R&D to develop innovative tappet designs. This focus on weight reduction aligns with the broader automotive industry objectives of sustainability and enhanced performance, driving the expansion of tappet technology. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Type
  • Flat tappets
  • Roller tappets
• Distribution Channel
  • OEM
  • Aftermarket
• Geography
  • APAC
    • China
    • Japan
    • South Korea
  • North America
    • US
  • Europe
    • Germany
  • Middle East and Africa
  • South America

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increasing automobile production
• Stricter emissions standards
• Technological advancements like variable valve timing (VVT) and cylinder deactivation systems

However, the market also witnesses some limitations, which are as follows:

• Environmental concerns regarding tappet manufacturing processes
• Increasing demand for electric vehicles
• Quality control and testing of automotive tappets

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Market Scope in Automotive Tappets Market Research Report

Find out which segment is leading the market by accessing the free PDF report

Research Analysis Overview

In the Automotive Tappet Market, a bottom-up approach is adopted for analyzing the ecosystem, focusing on individual components such as cylinders, cam followers (tappets), and valve lifters. Data triangulation is used to validate findings from various sources, including OEMs, model-wise production analysis, and industry experts. Key players in the market include SKF, Federal-Mogul, COMP Cams, RSR Industries, and SSV Technocrates. The market's growth is driven by the need for maintaining valve clearance in engines during operation, with camshafts and valves relying on the rotating motion of tappets for smooth engine operation. PESTLE analysis provides a comprehensive understanding of market trends and challenges.

Market Research Overview

The global automotive parts and equipment market encompasses businesses producing components and accessories for various automobile types, including passenger cars (PCs), electric vehicles (EVs), commercial vehicles (CVs), heavy-duty vehicles, off-road vehicles, motorcycles, scooters, quad bikes, and three-wheelers. According to Technavio, the market size is determined by the consolidated revenue generated by automotive component and equipment manufacturers. Key growth drivers in the automotive parts and equipment market include the surge in electronic components in automobiles, such as electronic control units (ECUs) and other electrical components, fueled by the rising sales of EVs, motorcycles, and PCs over the past decade. Furthermore, the market is influenced by the increasing demand for engine performance parts, automotive engine maintenance solutions, and engine efficiency improvement components, including hydraulic valve lifters, camshaft actuators, valve actuator systems, oil-controlled lifters, and cam follower technologies. Additionally, the market is propelled by advancements in automotive manufacturing technologies, aftermarket automotive parts, engine tuning parts, and automotive powertrain components.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
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