Market Highlights:
Automotive Tappet Market is predicted to grow at approximately 4.55% CAGR by 2030
Tappet is a mechanical component, generally used to lift the valve or camshaft, used between the tappet lifting and camshaft section. The camshaft rotation produces both vertical as well as side thrust in the engine. The centre of the tappet is fixed in such a way that the rotation of the camshaft in contact with the lobe will spread over a large cross-sectional area. Tappet is most importantly used in high-speed cars because they require quick changing of tappet without interrupting the working of the engine. This increases the performance and fuel efficiency of the vehicle. The rotation of tappet is important because it reduces the wear in the engine which is caused due to the contact with the cam. The two major types of tappets used are, flat tappet and roller tappet. Flat tappet is widely used because it is cost-effective as compared to roller tappet and it increases the overall performance of the vehicle. There are various types of tappet used depending on the engine capacity. The capacity ranges from less than 4 cylinders, 4-6 cylinders, and more than 6 cylinders. The growing demand for increased efficiency of the vehicle will result in the growth of tappet market in future.
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Key Players
The key players in the automotive tappet market are 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), SSV Valve (India).
On the basis of region, the market is segmented based on North America, Asia Pacific, Europe, and the Rest of the World. Asia Pacific is expected to witness the highest growth during the forecast period due to the shifting consumer preference for high-performance vehicle and increased fuel efficiency in vehicles which is likely to result in the increase in sales of passenger and commercial vehicles. This will result in growing demand of tappet in the vehicles which will drive the growth of the market during the forecast period. There has been an increase in the production of passenger and commercial vehicles in emerging countries such as India, China, and Japan because these countries are the manufacturing hubs for the automotive companies. The OEM’s are preferring to set up their base in these countries which will result in the growing demand for passenger and commercial vehicles. North America is expected to be the second-largest market that is expected to grow during the forecast period because there have been increased investment by OEM manufacturers in order produce commercial vehicles. The high investment for OEM manufacturers will result in increased production of commercial vehicles and will require increased tappet to be installed in the vehicles. This factor will result in the growth of the market in North America. Europe is expected to be the third-largest market that is expected to grow during the forecast period. In Europe, Germany is the largest country that is contributing highest to the market in future.
Automotive Tappet Market Segmentation
This study provides an overview of the global automotive tappet market, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global automotive tappets market by its type, engine capacity, and vehicle type, and region
By Type
- Flat
- Roller
- By Engine Capacity
- <4 cylinders
- 4-6 cylinders
- >6 cylinders
- By Vehicle Type
- Passenger Car
- LCV
- HCV
By Region
- North America
- Europe
- Asia Pacific
- Rest of the World
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