Press release
Rising Passenger Vehicle Sales Propel Automotive Tappet: A Key Factor Shaping the Future of the Automotive Tappet Market in 2025
Automotive Tappet Market share
The size of the automotive tappet market has seen significant growth in the past few years. The market is expected to expand from $8.95 billion in 2024 to $9.42 billion in 2025 at a Compound Annual Growth Rate (CAGR) of 5.3%. The surge in the historical period can be credited to the increasing acceptance of hydraulic flat tapper camshaft (HFTC), escalating demand for flat-tappet, growth in hybrid vehicles, an increase in battery-powered vehicles, and heightened demand for automobiles.
The market size of automotive tappet is projected to witness a stable growth in the forthcoming years, climbing to a staggering $11.43 billion in 2029 with a Compound Annual Growth Rate (CAGR) of 4.9%. This growth over the predicted period may be caused by the rise in passenger vehicle sales, an uptick in commercial vehicle sales as well as higher demand for electric and fuel-efficient vehicles, coupled with expanding aftermarket opportunities. Predominant trends expected during the forecast timeframe comprise the adoption of variable valve timing (VVT) systems, enhancements in the technology of lubricants, creation of more environmentally-friendly technologies, technological innovation in hydraulic flat tapper camshaft (HFTC), and engine development.
What Factors Are Fueling Growth in the Automotive Tappet Market?
The rise in passenger vehicle sales is projected to fuel the expansion of the automotive tappet market. These include cars, SUVs, minivans, and other vehicles chiefly used for individual commute or conveying small bunches of individuals with a maximum limit of 8 passengers, excluding the driver. The hike in passenger vehicles sales can be attributed to better financing arrangements, growing urbanization, advancements in vehicle technology, and the introduction of new vehicle models featuring superior fuel economy and safety elements. Automotive tappets enhance the engine's performance and fuel efficiency, providing a sleeker, more potent driving experience that increases the attractiveness of the vehicle, entices potential buyers and amplifies the sales of passenger vehicles. As per the April 2024 data by Automotive Statistics, a Canadian organization, there were 26.3 million registered road motor vehicles in 2022 in Canada, showing an increase of 0.3% from 2021. Hence, the surge in the sales of passenger vehicles is stimulating the growth of the automotive tappet market.
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Which Businesses Are at the Forefront of Automotive Tappet Market Development?
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
What Are the Latest Innovations in the Automotive Tappet Market?
Key players in the automotive tappet market, including manufacturers like Schaeffler, are making significant investments in facilities to ensure their tappets are of the highest quality, precision-engineered, and meet tough performance and durability standards in order to maximize engine efficiency and longevity. These new production sites will incorporate the latest technology, specifically Schaeffler's proprietary tools and equipment. In a notable example, Schaeffler, based out of Germany, invested $230 million in February 2024 into a new plant in Dover, Ohio. This new site is estimated to provide around 450 job roles by 2032 and is equipped with advanced manufacturing processes, specifically for the production of electric axles for light and medium-weight vehicles. A key pillar of their strategy is sustainability, with the new plant integrating eco-friendly procedures in line with Schaeffler's ambition to be environmentally responsible and achieve carbon neutrality by 2040.
How Is the 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, Aftermarket
Subsegments:
1) By Flat Tappet: Solid Flat Tappet, Hydraulic Flat Tappet, Mechanical Flat Tappet
2) By Roller Tappet: Hydraulic Roller Tappet, Mechanical Roller Tappet, Needle Roller Tappet, High-Performance Roller Tappet
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Where Is the Automotive Tappet Market Growth Most Prominent?
Asia-Pacific was the largest region in the automotive tappet market in 2024. The regions covered in the automotive tappet market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Automotive Tappet Global Market Report?
- Market Size Analysis: Analyze the Automotive Tappet Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Automotive Tappet Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Automotive Tappet Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Automotive Tappet Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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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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