The latest report by IMARC Group, titled “Automotive Tappets Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028″, offers a comprehensive analysis of the industry, which comprises insights on the global automotive tappets market report. The global market size reached US$ 8.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 11.1 Billion by 2028, exhibiting a growth rate (CAGR) of 4.1% during 2023-2028.
Automotive tappets, also known as cam followers or valve lifters, are integral components of internal combustion engines. They are an essential link between the camshaft and the engine’s valves, which is essential in regulating valve operation and optimizing engine performance. They are also engineered to endure high mechanical stresses and operate under extreme conditions, requiring exceptional durability and wear resistance. They are commonly manufactured from hardened steel, alloyed metals, or ceramics. Additionally, automotive tappets are an essential part of the engine’s valve train system, which offers smoother engine operation, improved fuel efficiency, and optimal power output. As a result, automotive tappets are gaining immense traction across the globe.
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Automotive Tappets Market Trends and Drivers:
The automotive tappets market is primarily driven by the growing automotive industry. In addition, the escalating demand for automotive tappets with efficient and sophisticated engines, resulting in the rising demand for precision-engineered components ensuring optimal engine performance, is contributing to the market growth. Moreover, the emerging tappet technology with innovative materials, designs, and manufacturing techniques, with enhanced materials, offers improved durability, reduced friction, and quieter operation, representing another major growth-inducing factor. Besides this, the trend toward engine downsizing, where manufacturers design smaller engines with turbocharging for improved efficiency, led to the adoption of tappets to maintain valve clearance and optimal engine operation, thus accelerating the market growth. Along with this, original equipment manufacturers (OEMs) are collaborating with tappet suppliers to ensure high-quality components for their vehicles, escalating the demand from OEMs and the aftermarket, thus propelling the market growth. Furthermore, the increasing vehicle demand, the growing population, and rising disposable income are increasing the demand for automotive tappets, which experience wear over time and require replacement, thus creating a positive market outlook.
Report Segmentation:
The report has segmented the market into the following categories:
Breakup by Product:
- Roller Tappets
- Flat Tappets
Breakup by Engine:
- <4 Cylinders Engine
- 4–6 Cylinders Engine
- >6 Cylinders Engine
Breakup by Vehicle Type:
- Heavy Commercial Vehicles
- Light Duty Vehicles
Breakup by End-User:
- Economic Passenger Cars
- Luxury Passenger Cars
- Mid-Priced Passenger Cars
Breakup by Distribution Channel:
- OEM
- Aftermarket
Breakup by Region:
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
- Latin America (Brazil, Mexico)
- Middle East & Africa
Competitors Landscape with Key Players:
- Schaeffler AG
- SKF Group
- Crower Cams & Equipment Co.
- Federal-Mogul Corporation (Tenneco, Inc.)
- Lunati LLC
- SM Motorenteile GmbH
- Yuhuan Huiyu Tappets Co., Ltd.
- Eaton Corporation plc
- Competition Cams, Inc.
- Rane Holdings Limited
- Wuxi Xizhou Machinery Co., Ltd.
- NSK Ltd.
- SSV Valve
- RSR Industries.
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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