According to Publisher, the Global Tappet Market is accounted for $7.18 billion in 2017 and is expected to reach $10.98 billion by 2026 growing at a CAGR of 4.8% during the forecast period. Increasing demand from the construction and mining sectors, rising demand for high-performance vehicles and growth in passenger vehicles production are some of the key factors fueling the market growth. However, growing popularity of electric and hybrid vehicles and increasing demand for camless actuation are hindering the growth of the market.
By Type, Roller Tappets segment is expected to drive the growth of the market due to the rising trend of engine economizing without compromising the performance of the engine. It improves the performance of the engine by permitting more rapidly as well as smoother opening and closing of the valve. The main advantage of roller tappets to customers is decreased friction. This leads to significant reduce in cam wear, a smoother running engine, and lesser operating temperatures.
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By End-User, luxury passenger cars segment provides comfort, pleasant and attractive features. Factors such as increasing significant number of luxury vehicles in North America & Europe and rising buyer power and requirement for more powerful vehicles has a huge demand in Asia Pacific region.
By Geography, Asia Pacific region is expected to dominate the market owing to increasing demand for automotive tappets is directly correlated to the vehicle production & consumer demand and high demand for passenger and commercial vehicles in emerging economies such as India and China.
Some of the key players in Tappet market include Federal-Mogul Corporation, Schaeffler Group, Rane Engine Valve Limited, Otics Corporation, SM Motorenteile GmbH, Eaton Corporation Plc, SKF Group, Competition Cams, Inc, NSK Ltd., Jinan Worldwide Auto-Accessory Limited, Riken and Lunati.
Engine Capacities Covered:
– <4 Cylinders
– 4-6 Cylinders
– >6 Cylinders
– Roller Tappets
– Flat Tappets
End Users Covered:
– Luxury Passenger Cars
– Mid-Priced Passenger Cars
– Economic Passenger Cars
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Table of Contents
1 Executive Summary
3 Market Trend Analysis
4 Porters Five Force Analysis
5 Global Tappet Market, By Engine Capacity
6 Global Tappet Market, By Type
7 Global Tappet Market, By End User
8 Global Tappet Market, By Geography
9 Key Developments
10 Company Profiling
10.1 Federal-Mogul Corporation
10.2 Schaeffler Group
10.3 Rane Engine Valve Limited
10.4 Otics Corporation
10.5 SM Motorenteile GmbH
10.6 Eaton Corporation Plc
10.7 SKF Group
10.8 Competition Cams, Inc
10.9 NSK Ltd.
10.10 Jinan Worldwide Auto-Accessory Limited
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