(MENAFN- PR Newswire) NEW YORK, May 9, 2024 /PRNewswire/ -- The global
automotive tappets market size is estimated to grow by USD 1.82 bn from 2023-2027, according to Technavio. The market is estimated to grow at a CAGR of 3.95% during the forecast period.
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![Technavio has announced its latest market research report titled Global Automotive Tappets Market 2023-2027]( "Technavio has announced its latest market research report titled Global Automotive Tappets Market 2023-2027")
Technavio has announced its latest market research report titled Global Automotive Tappets Market 2023-2027
| Forecast period | 2023-2027 |
| Growth momentum & CAGR | Accelerate at a CAGR of 3.95% |
| Market growth 2023-2027 | USD 1.82 billion |
| Market structure | Fragmented |
| YoY growth 2022-2023 (%) | 3.67 |
| Regional analysis | APAC, North America, Europe, Middle East and Africa, and South America |
| Performing market contribution | APAC at 49% |
| Key countries | US, China, Japan, South Korea, and Germany |
| Key companies profiled | AB SKF, COMP Cams, Crower Cams and Equipment Co. Inc., Cummins Inc.,
Decora Auto Forge Pvt. Ltd, Eaton Corp. Plc, Garima Global Pvt Ltd., Johnson Lifters L.L.C, Lunati LLC, NSK Ltd., Power Industries., Rane Holdings Ltd., RMW International, RSR Industries, SAC Engine Components Pvt. Ltd, Schaeffler AG, Shri Ram International, SM Motorenteile GmbH, Vishvam Automobiles, and Wuxi Xizhou Machinery Co., Ltd |
Market Driver
The automotive tappets market is experiencing growth due to the lightweighting trend in the automobile sector. Manufacturers are focusing on using lighter materials like titanium and advanced alloys for components, including tappets, in 4-6 cylinder and larger engines for 100% vehicle types. This shift aims to reduce total vehicle weight while maintaining performance, contributing to improved fuel efficiency and lower emissions. Key players such as SKF, Federal-Mogul, COMP Cams, RSR Industries, and SSV Technocrates are investing in research and development for optimized tappet designs. The market expansion aligns with broader automotive industry objectives of sustainability and enhanced performance. Additionally, factors like stringent emission regulations, engine downsizing, and the performance of luxury passenger cars influence the market's growth.
Market
Challenges
The global automotive tappets market faces complexities in aligning manufacturing processes with stringent environmental standards. Traditional materials like steel, due to their high energy-intensive manufacture, are under scrutiny. In response, tappet manufacturers explore alternate materials, such as lightweight metals and composites, to minimize carbon footprint. Waste management is crucial, with proper treatment of abandoned materials and byproducts essential. Sustainable practices, including recycling and minimizing toxic emissions, add complexity. Keywords: Commercial vehicles, Automotive tappets, Cam followers, Valve lifters, Internal combustion engines, Vehicles, Valve clearance, Engine operation, Camshaft, Valves, Rotating motion, Engine performance, Hardened steel, Durable materials, High temperatures, High pressures, Friction, Engine reliability,
HFTC, Fuel efficiency, High-performance, Lubricant technology, Rising demand, Production of vehicles, Emerging economies, Installation of engines, Electric vehicles, Hybrid vehicles, Engine designs, Performance, Efficiency, Lightweight tappets, Engine weight, Fuel efficiency, Emissions, Advanced materials, Carbon composites, Ceramics, Friction reduction, Variable valve timing, Carbon emissions, Air quality, Fuel-efficient vehicles, Environmentally friendly vehicles, Emission norms.
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Segment Overview
This automotive tappets market report extensively covers market segmentation by
Type 1.1 Flat tappets 1.2 Roller tappets
Distribution Channel Geography 3.1 APAC 3.2 North America 3.3 Europe 3.4 Middle East and Africa 3.5 South America
1.1
Flat tappets-
The flat tappets segment dominated the market in 2017 with a value of USD 5.62 billion. While flat tappets are popular for use in low-budget and classic car restoration projects due to their casual appearance, the market is shifting towards higher-end options like roller tappets. Roller tappets offer improved performance and longevity, especially in modern and high-performance motor designs.
HFTC (Hydraulic Flat Tappet Control) systems are also gaining popularity due to their ability to maintain consistent valve clearance, contributing to fuel efficiency and emissions reduction. The rising production of vehicles in emerging economies fuels the demand for automotive tappets.
The automotive tappets market encompasses various types, including flat, roller, and hydraulic tappets, each catering to distinct vehicle applications. In commercial vehicles, cam followers and valve lifters, often made of hardened steel and durable materials, ensure reliable engine operation under high temperatures and pressures. Internal combustion engines in vehicles require precise valve clearance for optimal performance, and tappets play a crucial role in facilitating this rotating motion. As engine designs evolve, so does the demand for advanced tappet types. Roller tappets, for instance, offer improved performance and longevity in high-performance and current engine designs, reducing friction and enhancing engine reliability. Lightweight tappets made from advanced materials like carbon composites and ceramics further contribute to reducing engine weight, improving fuel efficiency, and meeting emission norms. The shift towards electric and hybrid vehicles necessitates the development of tappets suitable for their unique operating conditions. Overall, the automotive tappets market continues to evolve, driven by advancements in lubricant technology, performance, efficiency, and environmental considerations.
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Research Analysis
The Automotive Tappets Market encompasses the production and supply of cylindrical components, specifically cam followers and valve lifters, used in the operation of internal combustion engines. OEMs employ a bottom-up approach in vehicle production, integrating these essential parts into their ecosystem. Data triangulation from various sources, including SKF, Federal-Mogul, COMP Cams, RSR Industries, and SSV Technocrates, informs market analysis on a model-wise basis. Pestle analysis reveals trends and challenges, impacting the demand for automotive tappets and camshafts. Engine operation relies on the precise valve clearance provided by these components, ensuring the smooth rotating motion of valves.
Market Research Overview
The Automotive Tappets Market encompasses the production, supply, and installation of tappets in various vehicle models. These components are essential for the proper functioning of an engine's valvetrain system. Tappets, also known as cam followers, are used to transmit power from the camshaft to the engine valves. The market for automotive tappets is driven by the increasing demand for vehicles worldwide, with a focus on fuel efficiency and reduced emissions. The use of advanced materials, such as ceramics and composites, in tappet manufacturing is a key trend in this market. Additionally, the growing popularity of electric and hybrid vehicles may impact the demand for tappets in the future. Overall, the automotive tappets market is expected to grow steadily in the coming years, driven by technological advancements and the increasing demand for vehicles.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
Type Flat Tappets Roller Tappets
Distribution Channel Geography APAC North America Europe Middle East And Africa South America
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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SOURCE Technavio
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