IMARC Group, a leading market research company, has recently released a report titled “Automotive Tappets Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global automotive tappets market report, share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights
How big is the automotive tappets market?
Report Attributes | Details |
Market Size in 2022 | US$ 8.8 Billion |
Market Forecast in 2028 | US$ 11.1 Billion |
Growth rate (2023 to 2028) | CAGR of 4.1% |
Base Year of the Analysis | 2022 |
Forecast Period | 2023-2028 |
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Automotive tappets, also known as valve lifters or cam followers, are small components situated between the camshaft lobe and the tappet lifting mechanism within an engine. They facilitate vertical motion for lifting the valve while eliminating side thrust. They are typically composed of light-metal material shaped using a die to create a cylindrical body and a receiving plate in the top wall to connect the tappet body with the cam. They enhance the power output, efficiency, performance, and revolution per minute (RPM) of the vehicle. As a result, automotive tappets find extensive applications in high-performance vehicles and racing cars across the globe, where all the machine components are required to function with proper coordination and accurate timing without having any adverse effects on the engine.
How big is the automotive tappets market?
The global automotive tappets 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.
Current Trends Shaping the automotive tappets Market
The global automotive tappets market is primarily driven by the increasing demand and production of automobiles. Moreover, the shifting consumer inclination toward vehicles that offer higher efficiency and power output has augmented the product demand. Additionally, the leading manufacturers are adopting innovative technologies and methods to produce Hydraulic Flat Tappet Camshaft (HFTC) to meet the demand for fuel-efficient and high-performance vehicles, which in turn has catalyzed the market growth. Furthermore, the rising awareness about fuel efficiency and stringent emission standards is contributing to the market growth. Other factors, including continuous innovations in lubricant technology, increasing preferences for improved vehicle efficiency and output power, and rising sales of electric and hybrid vehicles, are also anticipated to propel the market growth.
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What is included in market 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
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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