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Automotive Tappet Market Report 2024: Size, Share, Growth, Industry Trends, Analysis, Key Players, Forecast to 2033
Automotive Tappet Market
As per the report, the automotive tappet market size has grown steadily in recent years. It will grow from $8.55 billion in 2023 to $8.95 billion in 2024 at a compound annual growth rate (CAGR) of 4.6%. The automotive tappet market size is expected to see strong growth in the next few years. It will grow to $10.89 billion in 2028 at a compound annual growth rate (CAGR) of 5.0%.
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What Is Driving The Growth Of The Global Automotive Tappet Market?
Rising Passenger Vehicle Sales Propel Automotive Tappet
The increasing sales of passenger vehicles are expected to propel the growth of the automotive tappet market going forward. Passenger vehicles are motor vehicles that include cars, SUVs, minivans, and other similar vehicles primarily used for personal transportation or carrying small groups of people with a capacity of 8 or fewer passengers, excluding the driver. The increasing sales of passenger vehicles are due to improved financing options, urbanization, vehicle technology advancements, and new models with better fuel efficiency and safety features. Automotive tappets improve engine performance and fuel efficiency, leading to a smoother, more powerful driving experience that enhances vehicle appeal, attracting buyers and boosting sales of passenger vehicles.
What Is The Key Trend In The Global Automotive Tappet Market?
Schaeffler's Investment In Cutting-Edge Automotive Tappet Manufacturing Facility in Dover, Ohio Advancing Technology, Innovation, And Sustainability
Major companies operating in the automotive tappet market are investing in manufacturing facilities to provide high-quality, precision-engineered tappets that meet stringent performance and durability standards, ensuring optimal engine efficiency and longevity. The new facility would produce products with cutting-edge technology featuring Schaeffler-designed and manufactured tools and equipment.
How Is The Global Automotive Tappet Market Segmented?
The automotive tappet market covered in this report is segmented -
1) By Product: Flat Tappet, Roller Tappet
2) By Engine Capacity Analysis: 6 Cylinder
3) By Material: Steel, Aluminum
4) By Vehicle: Heavy Commercial Vehicle, Light Duty Vehicle
5) By Distribution Channel: Original Equipment Manufacturer, After market
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How Is The Competitive Landscape Of The Global Automotive Tappet Market?
Major companies operating in the automotive tappet market are Delphi Technologies PLC, Robert Bosch GmbH, Denso Corporation, Continental AG, Aisin Seiki Co. Ltd., Eaton Corporation PLC, Tenneco, Schaeffler AG, Otics Corporation, MAHLE GmbH, Dana Incorporated, AB SKF, NSK Ltd., Federal-Mogul Corporation, Rheinmetall Automotive AG, Melling Industries, Elgin Industries, Yuhuan Huiyu Tappets Co. Ltd., Crower Cams & Equipment Co., SSV Valves, Cloyes Gear and Products Inc., Howards Cams, Dura-Bond Bearing Company, SM Motorenteile GmbH
Contents Of The Global Automotive Tappet Market
1. Executive Summary
2. Automotive Tappet Market Report Structure
3. Automotive Tappet Market Trends And Strategies
4. Automotive Tappet Market - Macro Economic Scenario
5. Automotive Tappet Market Size And Growth
…..
27. Automotive Tappet Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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Market Overview:
A tappet, an integral component of internal combustion engines, plays a crucial role in the mechanical engineering and automotive sectors. These small, cylindrical parts work in conjunction with the camshaft, ensuring the precise timing and regulation of valve activities necessary for fuel intake, combustion, and exhaust expulsion. The performance, efficiency, and emissions of an engine are heavily dependent on the precise operation of tappets.
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