Expanding Automotive Technologies: Automotive Tappet Market Forecasted to Grow at 3.8% CAGR by 2031

Automotive tappets are experiencing high demand driven by two main factors - first, increasing vehicle production globally as economic conditions improve post-pandemic. Developing regions in particular are seeing much higher production numbers to meet growing consumer demand. Second, the lifespan of modern tappets has increased requiring less frequent replacement, leading OEMs to opt for higher-quality tappets driving market revenues. Tappet manufacturers are also developing new alloy compositions and surface treatment techniques to improve wear resistance and heat tolerance of tappets, allowing them to endure higher pressures and temperatures of modern high-performance engines.

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automotive_tappet_market Drivers

Growing production of passenger cars globally is driving the automotive tappet market

The growing production of passenger cars around the world due to increasing urbanization and changing lifestyles is one of the major drivers of the global automotive tappet market. According to various estimates, global passenger car production is expected to grow around 3-5% every year in the coming years. Developing regions like Asia Pacific and Latin America are expected to witness the fastest growth in car production led by countries like China, India, Mexico etc. As each passenger car requires multiple tappets for smooth functioning of its engine, the growth in car production directly translates to the increasing demand for automotive tappets globally.

Key Company Profiles:

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.

This Report lets you identify the opportunities in Automotive Tappet Market by means of a region:

⦿ North America (the United States, Canada, and Mexico)
⦿ Europe (Germany, UK, France, Italy, Russia and Turkey, etc.)
⦿ Asia-Pacific (China, Japan, Korea, India, Australia, and Southeast Asia (Indonesia, Thailand, Philippines, Malaysia, and Vietnam))
⦿ South America (Brazil etc.)
⦿ The Middle East and Africa (North Africa and GCC Countries)

automotive_tappet_market Restrain

High prices of advanced tappet materials act as a constrain

One of the major restraint hampering the growth of global automotive tappet market is the higher prices of advanced materials used in manufacturing premium quality tappets. Original equipment manufacturers and auto component suppliers are continuously striving to develop new tappet designs using lightweight, wear resistant and high strength materials like ceramics, carbon composites and special alloy steels. However, the costs of procuring and processing such premium raw materials are quite high. The significantly higher prices of advanced tappets compared to basic steel variants restricts their volumes in price sensitive developing markets. This acts as a key constrain especially for small fleet owners and individual customers having limited budget.

automotive_tappet_market Opportunity

Opportunity for high performance electric vehicles tappet systems

With growing global focus on developing sustainable mobility solutions, the electric vehicles industry is expected to provide new opportunities for automotive tappet manufacturers. As electric cars have more precise engine operations requiring reduced friction and noise, they rely on advanced tappet systems compared to conventional engine vehicles. Electric vehicles are penetrating both passenger cars and commercial vehicles segments at an impressive rate driven by supportive government policies and improving charging infrastructure. This growing electricization of transport sector provides scope for specialized tappet designs and materials catering to the stringent performance needs of automotive electric motors. OEMs and auto component makers can capitalize on this opportunity by investing in R&D and production of specialized tappets optimized for high performance electric vehicles.

automotive_tappet_market Trends

Increasing popularity of lightweight, advanced metallic and non-metallic tappet materials

One of the key ongoing trends in the global automotive tappet market is the rising popularity of lightweight, advanced metallic and non-metallic materials over conventional steel variants. Growing environmental awareness and stringent fuel efficiency norms are prompting automakers to focus on developing engine components with reduced weight. Various innovative metallic materials like titanium alloys and special stainless steels as well as non-metallic options like carbon-fiber composites and ceramics are gaining acceptance in premium passenger cars and high-end commercial vehicles segments. Their superior physical-mechanical properties allow optimizing tappet designs for minimized friction loss and quieter operation. This ongoing shift towards advanced materials is expected to significantly influence future demands in the automotive tappet industry.

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Research Scope

Scope - Highlights, Trends, Insights. Attractiveness, Forecast


Market Sizing - Product Type, End User, Offering Type, Technology, Region, Country, Others


Market Dynamics - Automotive Tappet Market Segmentation, Demand and Supply, Bargaining Power of Buyers and Sellers, Drivers, Restraints, Opportunities, Threat Analysis, Impact Analysis, Porters 5 Forces, Ansoff Analysis, Supply Chain

Business Framework - Case Studies, Regulatory Landscape, Pricing, Policies and Regulations, New Product Launches. M&As, Recent Developments

Competitive Landscape - Automotive Tappet Market Share Analysis, Market Leaders, Emerging Players, Vendor Benchmarking, Developmental Strategy Benchmarking, PESTLE Analysis, Value Chain Analysis
Key questions answered in the report include:

ᗒ How Automotive Tappet Market industry market will boom in 2024?

ᗒ which are prominent key players will be growing the market?

ᗒ Which enterprise size accounted for the largest data center colocation market share?

ᗒ What is the Compound Annual Growth Rate(CAGR) of the market during the forecast period (2024-2031)?

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This release was published on openPR.