(MENAFN- EIN Presswire) Tappet Market
The increasing demand for racing cars and high-performance cars such as BMW, Audi, and Volkswagen is a major factor contributing to market growth.
PORTLAND, OR, UNITED STATES, March 30, 2023 /einpresswire.com / -- The increasing demand for racing cars and high-performance cars such as BMW, Audi, and Volkswagen is a major factor contributing to market growth. Variable Valve Timing (VVT) technology is extensively used in high-performance automobiles and racing cars. It improves engine performance by varying valve timings and changing the duration of the valves while the engine is running.
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The incorporation of VVT and VTEC (Variable Valve Timing & Lift Electronic Control), a cutting-edge vehicle technology, allows for the integration of multiple camshafts via electronic or mechanical linking systems. This, in turn, improves engine efficiency and performance by increasing the Revolutions per Minute (RPM). Because of its applications in camshafts, increasing VTEC or VVT adoption is expected to drive growth in the automotive tappets market over the forecast period.
According to a new report published by Allied Market Research, titled,“tappet market ," The tappet market was valued at $8.4 billion in 2021, and is estimated to reach $11.3 billion by 2031, growing at a CAGR of 3.2% from 2022 to 2031.
Covid-19 Scenario:
The outbreak of COVID-19 has had a negative impact on several industries, including the automotive industry, which has caused a steep decline in automotive sales. Tappet demand decreased significantly worldwide because it is largely used in the production of automobiles.
China is the top producer and exporter of the raw materials needed to produce automobiles. However, as China was the epicenter of the coronavirus pandemic, its export was affected, which decreased the production of tappets.
This disruption in the supply chain, import-export restrictions, and closed borders, also caused pressure on the automobile industry. Additionally, the economic slowdown has impacted the development of new automotive projects worldwide, as government funding was prioritized towards healthcare systems.
Despite these challenges, as the global situation begins to recover, there is a growing demand for tappets in various industries.
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However, some of the disadvantages of tappet include its certain unfavorable properties. If the weave is changed, the tappet and change gear wheel in the counter shaft arrangement must be changed. As a result, the work involved in changing the weave is greater. A tappet's ability to produce a pattern/weave is severely limited. Only 8 or 10 tappets can be used at a time.
High RPM is necessary for high-performance automobiles or racing car engines; yet, this unintentionally reduces the engine's output. As a result, camshaft producers are implementing new techniques and technologies that enable them to transform the traditional mechanical movements of the camshaft into dynamic cam rotations in accordance with engine demands.
Therefore, the hydraulic flat tapper camshaft (HFTC), a camshaft utilized in high-performance vehicles, is preferred by automakers. Camshafts with hydraulic tappets operate with an internal oil cushion under pressure. A hydraulic camshaft & tappets combination adjusts itself automatically after first preload upon installation. Additionally, the HFTC offers 6,500 rpm, which helps the engine run more efficiently as compared to a normal camshaft. This factor has led to increased adoption of HFTC over the conventional camshaft.
The global tappet market is segmented on the basis of type, engine capacity, vehicle type, end user, and region. As per type, the market is sub-segmented into flat tappet and roller tappet. According to engine capacity, the market is classified into <4 Cylinders Engine, 4-6 Cylinders Engine, and 6 Cylinders Engine. Depending on vehicle type, the market is classified into heavy commercial vehicles and light duty vehicles. By end user, the market is classified into economic passenger car, luxury passenger car, and mid-priced passenger car. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key Findings of the Study
Based on type, the flat tappet sub-segment emerged as the global leader in 2021 and is anticipated to be the fastest growing sub-segment during the forecast period.
Based on engine capacity, the <4 cylinders engine sub-segment emerged as the global leader in 2021 and is anticipated to be the fastest growing sub-segment during the forecast period.
Based on vehicle type, the light duty vehicles sub-segment emerged as the global leader in 2021 and is anticipated to be the fastest growing sub-segment during the forecast period.
Based on end-user, the economic passenger car sub-segment emerged as the global leader in 2021 and is predicted to show the fastest growth in the upcoming years.
Based on region, the Europe market registered the highest market share in 2021 and is projected to maintain the position during the forecast period.
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