Tappet Market By Type (Flat Tappet, Roller Tappet), By Engine Capacity (<4 Cylinders Engine, 4-6 Cylinders Engine, >6 Cylinder Engine), By Vehicle Type (Heavy Commercial Vehicle, Light Duty Vehicles), By End User (Economic Passenger Car, Luxury Passenger

Tappet Market By Type (Flat Tappet, Roller Tappet), By Engine Capacity (<4 Cylinders Engine, 4-6 Cylinders Engine, >6 Cylinder Engine), By Vehicle Type (Heavy Commercial Vehicle, Light Duty Vehicles), By End User (Economic Passenger Car, Luxury Passenger Car, Mid-Priced Passenger Car): Global Opportunity Analysis and Industry Forecast, 2021-2031

The global tappet market is envisioned to garner $11,318.0 million by 2031, growing from $8,400.0 million in 2021 at a CAGR of 3.2% from 2022 to 2031.

A tappet controls the movement of the engine valves by limiting the gap between the camshaft and the valves, which aids in the internal combustion process. Growing technological development, increasing vehicle sales, and a growing number of consumers interested in improved vehicle efficiency, among other factors, are driving the growth of the automotive tappet market. The use of advanced technology in the automotive industry has increased the demand for tappet in vehicles. Various types of tappets have been developed to improve vehicle efficiency, such as roller tappets, which increase the overall output power of the vehicles. The growing production of passenger and commercial vehicles is expected to drive future tappet market growth.

One of the major factors impeding the growth of the automotive roller tappets market is the rising demand for electric and hybrid vehicles. Electric vehicles have the potential to reduce air pollution, greenhouse gas emissions, and other hazardous gas emissions significantly. These electric vehicles do not require valve and tappet assembly to improve engine performance.

High recital vehicles or racing car engines necessitate high RPM, a standard mechanical camshaft that inadvertently affects the engine's output capacity. As a result, camshaft manufacturers are adopting new methods and technologies to assist in converting the traditional mechanical movements of the camshaft to dynamic cam rotations as required by the engine. As a result, automakers are favoring the Hydraulic Flat Tapper Camshaft (HFTC), a camshaft used in high-performance vehicles. Furthermore, the HFTC provides 6,500 rpm, which contributes to the engine's high efficiency when compared to conventional camshafts. This factor has led to a greater preference for HFTC over conventional camshafts.

The COVID-19 pandemic brought several uncertainties leading to severe economic losses as various businesses across the world were at a standstill. There were import-export restrictions laid down on major automotive manufacturing countries such as the U.S. and China, which imposed significant challenges on the market. During the lockdown, automotive tappet manufacturing facilities worldwide were closed down, consumer demand fell sharply, vehicle sales ceased, and all major industry events were canceled or had to be digitized to maintain communications. Various automakers are stepping up their efforts to combat SARS-CoV-2 and are devising new ways to assist people affected by the pandemic. In addition, many of the production sites have been given the go-ahead to resume operations, despite the COVID-19 impact. For example, on 4 May 2020, Rolls-Royce resumed production at its Goodwood factory, making it the first vehicle manufacturer in Britain to do so following the novel coronavirus lockdown.

The key players profiled in this tappet market report include Eaton Corporation, NSK Ltd., Schaeffler AG, Federal-Mogul LLC., Rane Engine Valve Limited, Wuxi Xizhou Machinery Co. Ltd., AC Delco, TRW, Competition Cams, Inc., and Lunati.

Key Benefits For Stakeholders

This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the tappet market analysis from 2021 to 2031 to identify the prevailing tappet market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the tappet market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global tappet market trends, key players, market segments, application areas, and market growth strategies.

Key Market Segments

By End User

Economic Passenger Car
Luxury Passenger Car
Mid-Priced Passenger Car

By Type

Flat Tappet
Roller Tappet

By Engine Capacity

Less than 4 Cylinders Engine
4-6 Cylinders Engine
and6 Cylinder Engine

By Vehicle Type

Heavy Commercial Vehicle
Light Duty Vehicles

By Region

North America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Spain
Itlay
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Australia
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
UAE
South Africa
Rest of LAMEA

Key Market Players

schaeffler ag
SKF
Eaton Corporation
federal mogul
Crower Cams Equipment Company Inc.
Rane Engine Valve Ltd
riken
Lunatipower
comp cams
SM Motor Parts GmbH

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