Press release
A Deep Dive into Automotive Tappet Market 2025: Key Drivers, Growth Factors, and Projections 2025-2034
Automotive Tappet Market Size
The anticipated rise in passenger vehicle sales is predicted to spur the development of the automotive tappet market. A range of vehicles such as cars, SUVs, minivans fall under the category of passenger vehicles; their use is largely for individual transport or for moving small groups of people, with a maximum capacity of 8 passengers, excluding the driver. The sales of these passenger vehicles are seeing a surge due to favorable financing options, urbanization, advancements in vehicle technology, and the introduction of newer models with superior fuel efficiency and safety features. One of the selling points of automotive tappets is that they enhance engine performance and fuel efficiency, contributing to a smoother, more potent drive, and consequently improving the attractiveness of the vehicle that encourages purchases and boosts passenger vehicle sales. For instance, in April 2024, Automotive Statistics, a Canada-based agency, reported that in 2022, there were 26.3 million registered road motor vehicles in Canada, marking a 0.3% increase from 2021. Hence, the automotive tappet market is influenced by the growing sales of passenger vehicles.
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What is the projected compound annual growth rate (CAGR) of the automotive tappet market from 2025 to 2034, and what factors influence it?
The size of the automotive tappet market has seen considerable expansion in the past few years. Its growth is projected to steadily increase from $8.95 billion in 2024 to $9.42 billion in 2025, marking a compound annual growth rate (CAGR) of 5.3%. Factors behind this growth during the historic period include the increasing adoption of hydraulic flat tapper camshaft (HFTC), greater demand for flat-tappet, the advent of hybrid vehicles, a surge in battery-powered vehicles, and growing demand for automobiles.
Anticipated to experience continuous growth in the upcoming years, the automotive tappet market size is predicted to expand to $11.43 billion by 2029, with a compound annual growth rate (CAGR) of 4.9%. The projection of growth within this period is premised on a rise in passenger and commercial vehicle sales, escalating demand for electric and fuel-efficient vehicles, along with expanding opportunities in the aftermarket. Significant trends anticipated within this period include the incorporation of variable valve timing (VVT) systems, breakthroughs in lubricant technology, the advent of cleaner technologies, advancements in hydraulic flat tapper camshaft (HFTC) technology, and advancements in engine development.
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How are the latest trends influencing the growth of the automotive tappet market?
Key players in the automotive tappet market are coupling their investments with manufacturing facilities to provide top-notch, meticulously machined tappets that comply with tough performance and robustness standards, thereby assuring maximum engine efficiency and lifespan. The innovative facility is set to manufacture goods using the latest technology, including tools and equipment specifically designed and developed by Schaeffler. For instance, in February 2024, Schaeffler, an automotive tappet producer based out of Germany, pumped $230 million into a fresh, greenfield facility, to be geographically positioned in Dover, Ohio. This modern establishment will generate around 450 jobs by 2032, featuring avant-garde production processes for electric axles, catering to light and medium-duty vehicles. Apart from being a hub of innovation, the facility will integrate environmentally friendly practices in its operations, aligning with Schaeffler's dedication towards environmental conservation and their pledge to achieve a carbon-neutral footprint by 2040.
What are the major segments of the automotive tappet market and their role in driving growth?
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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Which regions are key players in the growth of the automotive tappet market?
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.
Who are the key firms paving the way for growth in the 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
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What Is Covered In The Automotive Tappet Global Market Report?
•Market Size Forecast: Examine the automotive tappet market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the automotive tappet market for a structured understanding.
•Key Players Overview: Analyze major players in the automotive tappet market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the automotive tappet market.
•Segment Contributions: Evaluate how different segments drive overall growth in the automotive tappet market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the automotive tappet market.
•Industry Challenges: Identify potential risks and obstacles affecting the automotive tappet market.
•Competitive Landscape: Review strategic developments in the automotive tappet market, including expansions, agreements, and new product launches.
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