USD 1.82 billion growth expected in Automotive Tappets Market from 2022 to 2027 | Analysing Growth in flat tappets segment | 17,000+ Technavio Research Reports

NEW YORK, Feb. 12, 2024 /PRNewswire/ -- The automotive tappets market is estimated to grow by USD 1.82 billion from 2022 to 2027, growing at a CAGR of 3.95%. By Type, the flat tappets segment is significant during the forecast period. Flat tappets have traditionally held a prominent place in the global market owing to their low cost and ease of use. They are used if costs are a major consideration mainly for older and classic cars, as well as certain low-cost versions. The relevant market is moving towards higher-end tappets, such as roller tappets. They offer better performance and longevity, especially in current and high-performance motor designs. Hence, such factors drive the growth of the flat tappets market during the forecast period. Technavio Research experts have provided more insights on the market share of segments - View a FREE Sample Report

The automotive tappets market is fragmented owing to the presence of many global and regional companies. A few prominent companies are 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. For details on companies and their offerings – Buy a report!

Company Offering:

• COMP Cams - The company offers automotive tappets such as CSV 6 roller tappets, factory performance hydraulic flat tappet cam, and street master hydraulic flat tapper cam pontiac V8 275.
• Crower Cams and Equipment Co. Inc. - The company offers automotive tappets such as mechanical flat tappet lifter VW, mechanical flat tappet lifter AMC 842, and mechanical flat tappet lifter Ford 332 428 V8.
• Cummins Inc. - The company offers automotive tappets such as Cummins valve tappet 3931623, which is used primarily on Euro II Automotive 5.9 liter B engines.
• The report provides a full list of key companies, their strategies, and the latest developments. Download a FREE Sample before buying

By Geography, the market is classified as APAC, North America, Europe, Middle East and Africa, and South America. APAC will have the largest share. APAC will contribute 49% to the growth during the forecast period. Factors like the increasing disposable income, urbanization, and rising demand for passenger and commercial vehicles by the middle class significantly drive the growth. Additionally, players like Schaeffler Group and Rane Engine Valve Limited are active participants in the region. Download a FREE sample report to get more insights on the share of various regions and the contribution of the segments.

• Impactful driver- Increasing automobile production
• Key Trend - Lightweighting in the automotive industry
• Major Challenges - Environmental concerns regarding tappet manufacturing processes

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In the automotive industry, tappet manufacturers play a crucial role in producing engine valve train components for OEM suppliers. Hydraulic tappets and solid tappets, along with camshaft followers, are integral for optimal engine performance. Continuous innovation in tappet materials aims to enhance durability and efficiency while reducing tappet noise. As the market evolves, there's a growing emphasis on noise reduction techniques to meet consumer demands for quieter engines. OEM suppliers drive advancements in tappet technology, catering to the ever-changing needs of the automotive sector.

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SOURCE Infiniti Research, Inc.