Category : Automotive, Transportation and Logistics | Published at : April-2020 | Delivery Format : PDF | Status: Published | Pages : 190
The global tappet market size is expected to reach around US$ 12 Bn by 2027 and is anticipated to grow at a CAGR of around 4.8% in terms of revenue during the estimated period 2020 to 2027.
The tappet is part of the valve train following the camshaft to allow valve opening and closing. The tappet is a small part, which transforms the movement of the cam into linear movement to open and close the motor valve. The tappet industry is powered by strict regulatory constraints on emissions and demand for better fuel economy. Tappets improve flexibility, productivity, and gives desired results. Their major use in camshaft would push the tappet market further. A tappet consists of the cylindrical pin, which is connected to the tappet.
The report provides analysis of global Tappet market for the period 2016-2027, wherein 2020 to 2027 is the forecast period and 2019 is considered as the base year.
Market Dynamics
Increasing vehicle production and demand are among the key factors that speed up the rise of tappets in the global market. The consumer's tendency towards improved performance and vehicle production has contributed to an increase on the world market in demand for car tappets. It is expected that these elements will drive the global automotive tappet industry over the forecast period. The global automotive tappet market relies heavily on the automobile industry. The decline in car numbers is expected to have a strong impact on the global demand for vehicle tappets. Besides, rising disposable income allows the tappet market to expand. However, the growing automobile industry worldwide and advancement in the tappet, such as Machined Tappet launch, are expected to establish different growth opportunities for the tappet market.
Regional Stance
The Asia-Pacific region held significant market share in 2019 and anticipated to continue its dominance in the global tappet market over the predicted time span. In developing countries, such as India, China, and Japan, is expected to dominate the automotive tappet market during the timeframe projected. Emerging countries like India and China are the manufacturing base for the automobile industry and have expanded passenger and commercial vehicle demand. The 4-cylinder engine is the most commonly known motor model with a simplicity price and steady architecture. Increase demand in emerging countries like India, China, and Brazil for compact and medium sized vehicles is expected to extend over the projected period of the tappet. North America is the second largest region on the world tappet market. Throughout North America, the production of commercial vehicles has been heavily invested by OEM producers. The investment in the production of commercial vehicles would mean that automotive tappets will be used gradually in the transportation network.
Report coverage
The market research study on “Tappet Market (Tappet Market By Type: Roller Tappet, Flat Tappet, Tappet Market By Capacity: More than 6 Cylinder, 4-6 Cylinder, Less than 4 Cylinder Engine; Tappet Market By Vehicle Type: Commercial Vehicles, Passenger Cars) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027” offers a detailed insights on the global tappet market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report also provides competitive landscape to understand the current stance of particular player. The report covers global Tappet market size, and segment markets by type, capacity, vehicle type, and geography along with the information on companies operating in the market. The Tappet market analysis is provided for major regional markets including North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. For each region, the market size for different segments has been covered under the scope of report.
The global Tappet market is segmented as below:
Market Segmentation
Tappet Market By Type
- Roller Tappet
- Flat Tappet
Tappet Market By Capacity
- More than 6 Cylinder
- 4-6 Cylinder
- Less than 4 Cylinder Engine
Tappet Market By Vehicle Type
- Commercial Vehicles
- Passenger Cars
Tappet Market By Geography
North America
- U.S.
- Canada
Europe
- UK
- Germany
- France
- Spain
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
Latin America
- Mexico
- Brazil
- Rest of Latin America
Middle East & Africa
- GCC
- South Africa
- Rest of MEA
Key Players and Market Situation
Participants include major global players such as Schaeffler AG, Eaton, NSK Ltd., Federal-Mogul LLC., AC Delco, Otics Operation, TRW, Competition Cams, Inc., Rane Engine Valve Limited, and Lunati, Others.
Frequently Asked Questions
The market value of Tappet is anticipated to be worth around US$ 12 Bn in 2027.
It is anticipated to grow over 4.8% CAGR amid the forecast period 2020-2027.
Asia Pacific held maximum share in 2019 led by the China.
Asia Pacific is projected to grow at a fast pace during forecast period 2020-2027.
Increasing production and demand for automobiles is a key driver of the market.
Decrease demand in emerging economies may hinder the market growth.
Participants include major global players such as Schaeffler AG, Eaton, NSK Ltd., Federal-Mogul LLC., AC Delco, Otics Operation, TRW, Competition Cams, Inc., Rane Engine Valve Limited, and Lunati, Others.
