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.
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
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: TAPPET MARKET, BY TYPE
CHAPTER 5: TAPPET MARKET, BY ENGINE CAPACITY
CHAPTER 6: TAPPET MARKET, BY VEHICLE TYPE
CHAPTER 7: TAPPET MARKET, BY END USER
CHAPTER 8: TAPPET MARKET, BY REGION
CHAPTER 9: COMPETITIVE LANDSCAPE
CHAPTER 10: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to the report 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.A tappet, also known as a valve lifter or cam follower, is a small automotive component installed between the tappet lifting mechanism and the camshaft lobe in engines. Its function is to eliminate side thrust while allowing the vertical motion to lift the valve. Tappets are made of light-metal material formed in a die to form the cylindrical body, which is connected to the cam via a receiving plate in the top wall. They increase the power output, efficiency, performance, and revolutions per minute of the vehicle (RPM).
Manufacturers are implementing cutting-edge technology and production techniques to create Hydraulic Flat Tappet Camshafts (HFTC), which is fueling global demand for automotive tappets. HFTCs are required to meet the fuel economy need for high-performance automobiles. Other key drivers of market expansion are advances in lubricant technology that have increased the general durability of engines. Furthermore, tappet shedding is one of the simplest mechanisms currently adopted. Tappet shedding is the process of strongly beating the anti-friction bowl that is attached to the cradle bowl in order to form a shed for the running arrangement of the shuttle under the control of the heald shaft. Tappet shedding refers to the various types of shed formed in a tappet loom.
The growing preference for hybrid and electric vehicles, as well as rising demand for camless actuation, are expected to hinder the growth of the automotive tappet market during the forecast period. The primary challenge in market growth will be the increasing share of alternative fuel type engines and environmental awareness.
The number of tappets in an engine depends on the number of cylinders, and the growing popularity of high-performance engines like the V-6 and V-8 is increasing tappet usage. The market for high-speed engine vehicles has been spurred by economic growth and rising disposable income, which in turn has boosted the tappet market. To preserve vehicle fuel economy, automakers have created cutting-edge valve technology such as Variable Valve Timing (VVT) by Toyota, VTech by Honda, and MIVEC by Mitsubishi. The ECU regulates the tappets to change the valve time, and delay or hold the valve function, which results in proper combustion in the cylinder and reduces emissions while maximizing fuel efficiency.
Major players operating in the tappet market are aggressively focusing on expanding its product range by adopting various marketing and business expansion strategies. This includes mergers & acquisitions, amalgamations, joint ventures, new product launches, and others. This strategic move would allow manufacturers to expand their product portfolio across the automobile industry and sustain in the global tappet market in the forecast period.
The tappet market is segmented on the basis of type, engine capacity, vehicle type, end user, and region. On the basis of type, the market is classified 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. As per vehicle type, the market is classified into heavy commercial vehicles and light duty vehicles. By end user, it is divided into economic passenger car, luxury passenger car, and mid-priced passenger car. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (UK, Germany, France, Italy, Spain, and the rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Australia, and rest of Asia-Pacific), and LAMEA (Brazil, Saudi Arabia, United Arab Emirates, South Africa, and rest of LAMEA).
The key players profiled in the study 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. The major players in the market are actively engaged in the adoption of various strategies such as product launches and business expansion.
Key Market Insights
- 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.
- As per 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.
- Depending 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.
- According to end user, the economic passenger car 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 region, the North America market registered the highest market share in 2021 and is projected to maintain its position during the forecast period.
Companies Mentioned
- schaeffler ag
- SKF
- Eaton Corporation
- federal mogul
- Crower Cams Equipment Company Inc.
- Rane Engine Valve Ltd
- riken
- Lunatipower
- comp cams
- SM Motor Parts GmbH
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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