ID: MRFR/AM/4089-HCR | 100 Pages | Author: Sejal Akre | June 2023
The Global Automotive Tappet Market Size is expected to cross USD 10,000 Million by 2030 at a CAGR of 4.45% during the forecast period ending in 2030
The global automotive tappet market is estimated to witness a 4.45% CAGR during the forecast period.
The factors that are responsible for the growth of the automotive tappet market are growing technology development, increasing sales of vehicle, growing number of consumer inclined towards the improved vehicle efficiency, among others. Use of advanced technology in the automotive industry have resulted in the increased demand for tappet in the vehicles. Various types of tappet have been developed in order to improve the efficiency of the vehicle, such as roller tappets enhance the overall output power of the vehicles. The growing production of passenger and commercial vehicles is expected to drive the growth of the tappet market in the future. The increasing production of vehicles is projected to result in growing demand for use of tappet, which will result in the growth of the market during the forecast period. The consumer are inclined towards high performance of the vehicles, which is expected to drive the demand for tappet.
The automotive tappet market is segmented based on type, engine capacity, vehicle type, and region. On the basis of the type, the market is segmented based on flat and roller. The flat tappet segment is expected to dominate the tappet market over the forecast period due to increasing production of passenger cars in the emerging nations. The flat tappet further used in a mid-sized vehicle as well as the commercial vehicle due to capabilities such as cost-effectiveness and increased fuel efficiency. On the basis of the engine capacity, the market is segmented based on <4 cylinders, 4-6 cylinders, and >6 cylinders. Less than 4 cylinder segment is expected to dominate the market during the forecast period due to increasing emission regulations and growing demand for engine downsizing. This stringent government regulation for emission may result in the growth of the market during the forecast period.
The tappet pass-on the linear motion to some other components of the vehicle within a mechanism. It is widely used in internal combustion engine because it adjusts the overall clearance in the valve actuation system. It allows the camshaft to move vertically by the rotation in vertical motion of cam. Earlier, the traditional tappet had a roller that was used to reduce the wear from the rotation of camshaft. Nowadays, the tappet is developed with plain flat ends in order to reduce the wear from rotating. Hydraulic tappet has a small hydraulic piston attached, which is pressurized by the lubrication of the engine. The rotation of tappet reduces the overall wear that is caused by the contact of the cam. It also improves the lubrication of two surfaces and increases the life of tappet. There are various types of tappet used in a vehicle, such as flat and roller tappet. There capacity depends on the type of engine installed in the vehicle. Tappets come in various engine capacity ranging from less than 4 cylinders, 4-6 cylinders, and more than 6 cylinders. The adjustment of tappet is made by turning a screw set at the end of the rockers that is pressed along the pushrod. This adjustment is made by rotating the engine until the cam is set to the lowest point. This will increase the capability of the tappet. Moreover, tappet increases the efficiency, output power, and performance of the vehicle.
On the basis of the region, the market is segmented based on North America, Asia Pacific, Europe, and Rest of the World. Asia Pacific region is expected to dominate the automotive tappet market during the forecast period due to the growing demand for passenger and commercial vehicle in emerging countries such as India, China, and Japan. The emerging countries such as India and China are the manufacturing hub for the automotive industry, which have resulted in the increased production of passenger and commercial vehicles. North America is expected to be the second largest region in the global automotive tappet market during the forecast period. In North America, there has been a significant investment made by the OEM manufacturers to develop commercial vehicles. The increased investment for the development of commercial vehicle is expected to result in the growing use of automotive tappet in the vehicle system. This is expected to drive the growth of the market during the forecast period.
|Market Size 2030||USD 10,000 Million|
|Compound Annual Growth Rate (CAGR)||4.45% (2022-2030)|
|Market Forecast Period||2022-2030|
|Historical Data||2019 & 2020|
|Market Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Type, Engine Capacity, Vehicle Type|
|Geographies Covered||North America, Europe, Asia Pacific, and the Rest of the World|
|Countries Covered||The U.S, Canada, Germany, France, the U.K., Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil|
|Key Companies Profiled||Schaeffler (Germany), SKF (Sweden), Eaton (Ireland), Federal-Mogul (US), and NSK (Japan), Crower Cams & Equipment Company, Inc. (U.S.), Competition Cams Inc. (U.S.), SM Motorenteile GmbH (Germany), Lunati (U.S.), Jinan Hongjitang Pharmaceutical Co Ltd (China), Rane Engine Valve Limited (India), Wuxi Xizhou Machinery Co., Ltd (China), Yuhuan Huiyu Tappets Co. Ltd (China), RSR Industries (India), and SSV Valve (India).|
|Key Market Opportunities||Growing production of passenger and commercial vehicles|
|Key Market Dynamics||Increasing production of vehicles is projected Consumer are inclined towards high performance of the vehicles|
The market can grow at an approx. rate of 4.45%.
Competition Cams Inc. (U.S.), SSV Valve (India), Yuhuan Huiyu Tappets Co. Ltd (China), Eaton (Ireland), Federal-Mogul (US), and NSK (Japan), SKF (Sweden), Rane Engine Valve Limited (India), SM Motorenteile GmbH (Germany), Lunati (U.S.), Jinan Hongjitang Pharmaceutical Co Ltd (China), Crower Cams & Equipment Company, Inc. (U.S.), Wuxi Xizhou Machinery Co., Ltd (China), RSR Industries (India), Schaeffler (Germany), are the leading players.
The market value by the end of the review timeframe can be enormous, thanks to the increasing investment by OEM manufacturers and the booming automotive industry around the world.
Flat and roller are the types of vehicles that use the tappet.
Japan, China and India are the leading countries in the APAC market.
Key Questions Answered
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