Press release
Comprehensive Automotive Tappet Market Forecast 2025-2034: Growth Trends and Strategic Shifts
Automotive Tappet Market Size
Automotive Tappet Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The size of the automotive tappet market has seen robust growth in recent years. The market is predicted to expand from $8.95 billion in 2024 to $9.42 billion in 2025, reflecting a compound annual growth rate (CAGR) of 5.3%. Factors contributing to this growth during the historic period include increased use of hydraulic flat tapper camshaft (HFTC), growing demand for flat-tappet, the rise in hybrid and battery-powered vehicles, and an increase in the overall demand for automobiles.
Automotive Tappet Market Size Forecast: What's the Projected Valuation by 2029?
In the coming years, the automotive tappet market is projected to experience a consistent rise, amounting to $11.43 billion in 2029 with a compound annual growth rate (CAGR) of 4.9%. The escalation during the forecasted timeline can be credited to surging sales of both passenger and commercial vehicles, heightened demand for electric and fuel-efficient vehicles, as well as burgeoning aftermarket possibilities. Among the major trends expected within this period are: the incorporation of variable valve timing (VVT) systems, progressive advancements in lubricant technology, the emergence of cleaner technologies, technological innovation in hydraulic flat tapper camshaft (HFTC), and advancements in engine development.
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What Are the Drivers Transforming the Automotive Tappet Market?
The rise in passenger vehicle sales is predicted to fuel the expansion of the automotive tappet market. Passenger vehicles, consisting of cars, SUVs, minivans, and suchlike, meant primarily for personal use or to transport small groups of individuals fit for eight or less passengers excluding the driver. The surge in sales of these vehicles can be attributed to improved financing options, urban growth, advancements in vehicle technology, and the introduction of new models boasting superior fuel efficiency and safety measures. Automotive tappets enhance the vehicle's engine performance and fuel efficiency, yielding a smoother, more powerful drive that attracts potential buyers and thereby heightening the sales of passenger vehicles. Take for example, as per Automotive Statistics, an agency based in Canada, as of April 2024, the number of registered road motor vehicles in the country in 2022 stood at 26.3 million, marking a 0.3% increase from the previous year. Thus, the rising sales of passenger vehicles serves to drive the growth of the automotive tappet market.
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What Long-Term Trends Will Define the Future of the Automotive Tappet Market?
Major players in the automotive tappet industry are pouring investments into building manufacturing infrastructures capable of producing high-precision tappets that surpass demanding performance and resilience criteria, thereby contributing to optimal engine performance and lifespan. The upcoming facilities will deploy state-of-the-art technology, including tools and machineries designed and manufactured by Schaeffler. In February 2024, Schaeffler, a top-notch manufacturer of automotive tappets based in Germany, funneled $230 million into a new greenfield facility to be strategically situated in Dover, Ohio. By 2032, there will be approximately 450 job openings at this advanced facility that specializes in the production process for electric axles deployed in light and medium-duty vehicles. Besides leading in innovation, the facility underscores the importance of sustainability, incorporating environmentally friendly operations. This is in line with Schaeffler's dedication towards environmental accountability and its goal to attain climate neutrality by 2040.
Which Segments in the Automotive Tappet Market Offer the Most Profit Potential?
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 Firms Dominate the Automotive Tappet Market by Market Share and Revenue in 2025?
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
Which Regions Offer the Highest Growth Potential in 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.
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