How Has the Automotive Tappet Market Size Evolved in Recent Years?
The automotive tappet market has seen considerable growth due to a variety of factors.
• The automotive tappet market has seen robust growth in recent years. It will rise from $8.95 billion in 2024 to $9.42 billion in 2025, reflecting a CAGR of 5.3%.
The growth is driven by the growing adoption of hydraulic flat tappet camshafts, increasing demand for flat tappets, and the rise of hybrid and electric vehicles.
What are the Market Size and Expected Growth Rates for the Automotive Tappet Market?
The automotive tappet market is expected to maintain its strong growth trajectory in upcoming years.
• The automotive tappet market is expected to see steady growth, reaching $11.43 billion by 2029 at a CAGR of 4.9%.
This growth is driven by increased sales of passenger and commercial vehicles, greater demand for electric vehicles, rising interest in fuel-efficient vehicles, and growing aftermarket opportunities. Key trends include the adoption of variable valve timing (VVT) systems, advancements in lubricant technology, development of cleaner technologies, technological advancements in hydraulic flat tappet camshaft (HFTC), and engine developments.
Which Key Drivers Are Propelling The Automotive Tappet Market's Growth?
The increasing sales of passenger vehicles are expected to drive the growth of the automotive tappet market. Sales of passenger vehicles, including cars, SUVs, and minivans, are rising due to improvements in financing options, vehicle technology, and safety features. Automotive tappets enhance engine performance and fuel efficiency, improving the driving experience and boosting vehicle appeal. In April 2024, Automotive Statistics reported 26.3 million registered road motor vehicles in Canada in 2022, a 0.3% increase from 2021. This rise in passenger vehicle sales is stimulating the automotive tappet market.
What Are The Key Segments Within The Global Automotive Tappet Market?
The automotive tappet market covered in this report is segmented –
1) By Product: Flat Tappet, Roller Tappet
2) By Engine Capacity Analysis: <4 Cylinder Engine, 4-6 Cylinder, >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 Emerging Market Trends Are Altering The Automotive Tappet Industry?
Companies in the automotive tappet market are investing in manufacturing facilities to produce precision-engineered tappets meeting high performance and durability standards. In February 2024, Schaeffler invested $230 million in a new facility in Dover, Ohio, focusing on electric axles for light and medium-duty vehicles. This facility, set to create 450 jobs by 2032, will feature advanced production processes and sustainable practices to align with Schaeffler’s commitment to environmental responsibility and achieving climate neutrality by 2040.
Who Are the Key Players 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
What Are The Regional Insights Into 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.
