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Rising Vehicle Demand and Production to Drive the Tappet Market for Automotive

The flat tappets segment is estimated to have the largest share in the tappet market for automotive. The flat tappet is widely used in economic and mid-priced vehicles as well as commercial vehicles because of its cost-effectiveness and fuel-efficient characteristics. However, this market is projected to decline after 2022 because of the increasing adoption of battery electric vehicles, which do not have valves and tappets in their assembly.

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Rising Vehicle Demand and Production to Drive the Tappet Market for Automotive

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  1. Rising Vehicle Demand and Production to Drive the Tappet Market for Automotive The report "Tappet Market for Automotive by Type (Flat, and Roller), End User (Economic, Mid-priced, and Luxury passenger cars), Engine Capacity (<4 cylinders, 4-6 cylinders, and >6 cylinders), Vehicle Type, and Region - Global Forecast to 2025", The tappet market for automotive is projected to grow at a CAGR of 3.36% during the forecast period, from USD 7.77 Billion in 2017 to USD 10.11 Billion by 2025. Browse 64 market data Tables and 45 Figures spread through 121 Pages and in-depth TOC on "Tappet Market for Automotive by Type (Flat, and Roller), End User (Economic, Mid-priced, and Luxury passenger cars), Engine Capacity (<4 cylinders, 4-6 cylinders, and >6 cylinders), Vehicle Type, and Region - Global Forecast to 2025" https://www.marketsandmarkets.com/Market-Reports/automotive-tappet-market-180545199.html Early buyers will receive 10% customization on reports. The key factor driving the growth of the tappet market for automotive is an increase in passenger vehicles production. Also, the growth of the commercial vehicles segment, which can be attributed to the improving business environment for fleet operators and a rise in demand from the construction and mining sectors, drives the growth of the automotive tappet market. The flat tappets segment is estimated to be the largest segment in the Tappet Market for Automotive The flat tappets segment is estimated to have the largest share in the tappet market for automotive. The flat tappet is widely used in economic and mid-priced vehicles as well as commercial vehicles because of its cost- effectiveness and fuel-efficient characteristics. However, this market is projected to decline after 2022 because of the increasing adoption of battery electric vehicles, which do not have valves and tappets in their assembly. <4 cylinders segment is estimated to be the fastest growing segment in the Tappet Market for Automotive Stringent emission norms and growing trend of engine downsizing are propelling the growth of <4 cylinders segment of the global tappet market for automotive. The increasing number of economic priced vehicles is also fueling the growth of this segment as vehicles mostly use < 4 cylinders owing to their cost constraints. The tappet market for automotive is projected to grow at a CAGR of 3.36% from 2017 to 2025, to reach a market size of USD 10.11 Billion by 2025. The market growth is primarily driven by an increase in passenger vehicles production. Also, the growth of the commercial vehicles segment, which can be attributed to the improving business environment for fleet operators and a rise in demand from the construction and mining sectors, drives the growth of the automotive tappet market.

  2. Roller tappets are estimated to be the fastest growing segment of the global tappet market for automotive. The growing trend of engine downsizing without compromising the performance of the engine is driving the market for roller tappets. The 4–6 cylinder segment is estimated to be the largest segment of the tappets market for automotive, by engine capacity. Stringent emission regulations in several regions and the demand for high-performance vehicles with the smaller engine are the major factors driving the growth of the 4–6 cylinders segment. Read More about Tappet Market for Automotive Asia Pacific: Largest region in Tappets Market for Automotive Asia Pacific is estimated to be the largest and fastest growing market for automotive tappets, in terms of volume and value. The Asia Pacific region is estimated to be the most promising market for automotive tappet in the next five years. This region, which is known for small and cost-effective cars, has witnessed higher growth than the matured markets of Europe and North America. The market growth can be attributed to the low production cost and easy availability of cheap labor in the region. The rise in automotive production is positively impacting the automotive tappet market in the region. North America is estimated to be the second largest market for automotive tappets. This region comprises developed countries such as Canada, US, and Mexico. A large number of light and heavy commercial vehicles and growing demand for high-performance vehicles are driving the growth of automotive tappets in the region. The report covers all the major players in the tappet market for automotive including Schaeffler (Germany), SKF (Sweden), Eaton (Ireland), Federal-Mogul (US), and NSK (Japan). Speak to our Analyst about Tappet Market for Automotive About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

  3. MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. Contact: Mr. Shelly Singh MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 sales@marketsandmarkets.com

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