Automotive Tappet Market Future Outlook with Leading Players Covered Schaeffler Technologies AG & Co. KG, SKF, Eaton Corporation Plc., Federal-Mogul Corporation, NSK

Automotive tappets are also referred as valve lifter or cam follower. It is a component that interposed between the tappet lifting mechanism and camshaft lobe. The tappet help in passing the linear motion to other components of the vehicle. It is widely used in internal combustion engine, as it is used for adjusting the overall clearance in the valve actuation system, which in turn allows the camshaft to move vertically while rotating the camshaft in the vertical motion.

Increasing demand for high performances vehicles is one of the major factor driving growth of the automotive tappet market

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Major factor attributing to growth of the market is increasing demand for the racing cars and high performance cars such as BMW, Audi, and Volkswagen. For instance, according to the Coherent Market Insights, the total number of BMW car sold in 2015, was 1.9 million units worldwide. These high performance automobiles and racing cars find substantial application of VVT technology. It enhances the performance through variation in the valve timings and changing the duration of the valves when the engine is in operation. Incorporation of VVT and lift electronic control (VTEC), which is an advanced vehicle technology, allows integration of multiple camshafts through electronic or mechanical linking systems. This in turn also enhances the efficiency of the engines and performance through increasing the Revolutions per Minute (RPM). Increasing adoption of VTEC or VVT is expected to drive growth of the automotive tappets market over the forecast period, owing to its applications in camshafts.

Increasing sales of electric and hybrid vehicles is one of restraining factors for the growth of the automotive tappet market

The increasing demand for electric vehicles and hybrid vehicles is one of the major factor restraining the growth of the automotive tappet market. Electric vehicles offer great potential to significantly reduce air pollution, greenhouse gas, and other hazardous gas emissions. These electric vehicles do not require assembly of valves and tappet to enhance its engine performance. Electric and hybrid vehicles are witnessing high consumer demand, owing to reduction in environmental pollution and to enhanced vehicle efficiency. According to the International Energy Agency (IEA), the landmark Paris Agreement around 600 million electric vehicles will be on roads worldwide by 2040, to limit global warming to below 2°C (3.6°F). The number of electric vehicle was pegged at 2 million in 2016. According to the Global EV Outlook 2017, report from the Paris-based IEA, plug-in and battery-powered vehicles are expected to increase by 60% in 2017, worldwide. In the U.S., around 160,000 units of EV were sold in 2016, with an increase of 37% from the previous year. Therefore, this factors are expected to hamper the growth of the automotive tappet market.

The flat tappets is estimated to be the largest segment during the forecast period.

The flat tappets segment is projected to account for the largest market share in the automotive tappet market, owing to increasing demand for flat tappet due to its cost effective and fuel-efficient characteristics, which is propelling its demand in economic and mid-priced vehicles as well as commercial vehicles.

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Global Automotive Tappet Market: Key Trends

High-performance vehicles or racing car engines require high RPM, a standard mechanical camshaft that inadvertently impacts the output capacity of the engine. Thus camshaft manufacturers are adopting new methods and technologies that help in converting the conventional mechanical movements of the camshaft to dynamic cam rotations as per the engine requirement. Therefore, automakers are inclined towards Hydraulic Flat Tapper Camshaft (HFTC), a camshaft used in the high-performance vehicles. Hydraulic tappets camshafts work with an internal cushion of pressurized oil. After initial preload at installation, a hydraulic camshaft & tappets setup adjusts itself automatically. Moreover, the HFTC provide 6,500 rpm, which in turn help to provide high efficiency to the engine as compared to conventional camshaft. This factor has led to increased adoption of HFTC over the conventional cam shaft.

Global Automotive Tappet Market: Regional Insights

The automotive tappets market is projected to witness significant growth in Asia Pacific region during the forecast period (2018 – 2026). Emerging countries such as India and China are major growth engine of the market, owing to increasing sales of passenger and commercial vehicles, which is driving growth of the market in this region. For instance, according to the Organisation Internationale des Constructeurs d’Automobiles (OICA), the total number of passenger cars sold in India was 2,966,637 units in 2016, and it increased to 3,227,701 units in 2017. Similarly, in India the total number of commercial vehicles was 702,640 units in 2016, and it increased to 789,838 units in 2017. Thus, increasing sales of vehicles is expected to fuel growth of the market in this region.

Global Automotive Tappet Market: Competitive Landscape

Key players operating in the automotive tappet market include Schaeffler Technologies AG & Co. KG, SKF, Eaton Corporation Plc., Federal-Mogul Corporation, NSK Ltd., Crower Cams & Equipment Company, Inc., Competition Cams Inc., SM Motorenteile GmbH, Valve Limited, and Wuxi Xizhou Machinery Co., Ltd.

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