
Automotive Tappets Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2024-2032
Description
Automotive Tappets Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2024-2032
Automotive Tappets Market size is expected to record over 4% CAGR between 2024 and 2032, spurred by rising automotive production.
Major manufacturers are ramping up tappet production to cater to the escalating demands of vehicle engines, ensuring peak performance and efficiency. This surge is largely attributed to technological advancements in the automotive sector and a global uptick in vehicle production. Tappets play a pivotal role in engine systems, regulating valve timing and enhancing performance. As per the European Automobile Manufacturers Association, worldwide motor vehicle production reached 85.4 million units in 2022, a 5.7% uptick from 2021. Such production surges fuel the demand for automotive tappets, underscoring their role in engine efficiency.
The automotive tappets industry is segmented based on type, vehicle, distribution channel, material, end user, and region.
The market share from the flat tappet type segment is expected to witness substantial growth through 2032, driven by their reliability in maintaining valve timing and minimizing engine friction. Known for their durability and simplicity, flat tappets are a staple in older engine designs. Moreover, as engine technology evolves, the need for flat tappet designs will also rise, ensuring they meet the heightened performance and reliability standards across diverse vehicle applications.
In terms of vehicle, the automotive tappets market share from the commercial vehicles segment is slated to generate notable revenue by 2032. This is fueled by the critical need for optimal engine performance. Given the heavy loads and extended operational hours of commercial engines, tappets are engineered for robustness and reliability. As a result, ongoing advancements are bolstering the durability and performance of tappets in these vehicles, enabling them to endure heightened pressures and temperatures.
North America automotive tappets industry size will likely record a notable growth rate through 2032 driven by surging vehicle ownership. As production ramps to meet these demands, manufacturers are boosting tappet output to ensure engine reliability. This global uptick in vehicle ownership is shaping the future of tappet technology, pushing it to evolve and meet the rigorous demands of modern, high-performance engines in North America.
Automotive Tappets Market size is expected to record over 4% CAGR between 2024 and 2032, spurred by rising automotive production. Major manufacturers are ramping up tappet production to cater to the escalating demands of vehicle engines, ensuring peak performance and efficiency. This surge is largely attributed to technological advancements in the automotive sector and a global uptick in vehicle production. Tappets play a pivotal role in engine systems, regulating valve timing and enhancing performance. As per the European Automobile Manufacturers Association, worldwide motor vehicle production reached 85.4 million units in 2022, a 5.7% uptick from 2021. Such production surges fuel the demand for automotive tappets, underscoring their role in engine efficiency. The automotive tappets industry is segmented based on type, vehicle, distribution channel, material, end user, and region. The market share from the flat tappet type segment is expected to witness substantial growth through 2032, driven by their reliability in maintaining valve timing and minimizing engine friction. Known for their durability and simplicity, flat tappets are a staple in older engine designs. Moreover, as engine technology evolves, the need for flat tappet designs will also rise, ensuring they meet the heightened performance and reliability standards across diverse vehicle applications. In terms of vehicle, the automotive tappets market share from the commercial vehicles segment is slated to generate notable revenue by 2032. This is fueled by the critical need for optimal engine performance. Given the heavy loads and extended operational hours of commercial engines, tappets are engineered for robustness and reliability. As a result, ongoing advancements are bolstering the durability and performance of tappets in these vehicles, enabling them to endure heightened pressures and temperatures. North America automotive tappets industry size will likely record a notable growth rate through 2032 driven by surging vehicle ownership. As production ramps to meet these demands, manufacturers are boosting tappet output to ensure engine reliability. This global uptick in vehicle ownership is shaping the future of tappet technology, pushing it to evolve and meet the rigorous demands of modern, high-performance engines in North America.
Table of Contents
250 Pages
- Chapter 1 Methodology and Scope
- 1.1 Research design
- 1.1.1 Research approach
- 1.1.2 Data collection methods
- 1.2 Base estimates and calculations
- 1.2.1 Base year calculation
- 1.2.2 Key trends for market estimates
- 1.3 Forecast model
- 1.4 Primary research and validation
- 1.4.1 Primary sources
- 1.4.2 Data mining sources
- 1.5 Market definitions
- Chapter 2 Executive Summary
- 2.1 Industry 360-degree synopsis, 2021 - 2032
- Chapter 3 Industry Insights
- 3.1 Industry ecosystem analysis
- 3.2 Supplier landscape
- 3.2.1 Raw material suppliers
- 3.2.2 Component manufacturers
- 3.2.3 Tappet manufacturers
- 3.2.4 Distribution channels
- 3.2.5 Automotive manufacturers (OEMs)
- 3.2.6 Aftermarket service providers
- 3.2.7 End users
- 3.3 Profit margin analysis
- 3.4 Technology and innovation landscape
- 3.5 Patent analysis
- 3.6 Key news and initiatives
- 3.7 Regulatory landscape
- 3.8 Impact forces
- 3.8.1 Growth drivers
- 3.8.1.1 Increasing global vehicle production and sales
- 3.8.1.2 Rising demand for fuel-efficient engines globally
- 3.8.1.3 Technological advancements in engine components design
- 3.8.1.4 Growth in automotive aftermarket and maintenance services
- 3.8.2 Industry pitfalls and challenges
- 3.8.2.1 Growing adoption of electric vehicles globally
- 3.8.2.2 High competition among market players
- 3.9 Growth potential analysis
- 3.10 Porter’s analysis
- 3.11 PESTEL analysis
- Chapter 4 Competitive Landscape, 2023
- 4.1 Introduction
- 4.2 Company market share analysis
- 4.3 Competitive positioning matrix
- 4.4 Strategic outlook matrix
- Chapter 5 Market Estimates and Forecast, By Type, 2021 - 2032 ($Bn, Units)
- 5.1 Key trends
- 5.2 Flat Tappet
- 5.3 Roller Tappet
- 5.3.1 Hydraulic Tappets
- 5.3.2 Mechanical Tappets
- Chapter 6 Market Estimates and Forecast, By Vehicle, 2021 - 2032 ($Bn, Units)
- 6.1 Key trends
- 6.2 Passenger Cars
- 6.2.1 Luxury
- 6.2.2 Mid-priced
- 6.2.3 Economy
- 6.3 Commercial vehicles
- 6.3.1 Light duty
- 6.3.2 Heavy duty
- Chapter 7 Market Estimates and Forecast, By Distribution Channel, 2021 - 2032 ($Bn, Units)
- 7.1 Key trends
- 7.2 OEM (Original Equipment Manufacturer)
- 7.3 Aftermarket
- Chapter 8 Market Estimates and Forecast, By Material, 2021 - 2032 ($Bn, Units)
- 8.1 Key trends
- 8.2 Steel
- 8.3 Cast Iron
- 8.4 Aluminium Alloys
- 8.5 Other
- Chapter 9 Market Estimates and Forecast, By End user, 2021 - 2032 ($Bn, Units)
- 9.1 Key trends
- 9.2 Automobile Manufacturers
- 9.3 Automotive Repair Shops and Garages
- 9.4 Others
- Chapter 10 Market Estimates and Forecast, By Region, 2021 - 2032 ($Bn, Units)
- 10.1 Key trends
- 10.2 North America
- 10.2.1 U.S.
- 10.2.2 Canada
- 10.3 Europe
- 10.3.1 UK
- 10.3.2 Germany
- 10.3.3 France
- 10.3.4 Spain
- 10.3.5 Italy
- 10.3.6 Russia
- 10.3.7 Nordics
- 10.3.8 Rest of Europe
- 10.4 Asia Pacific
- 10.4.1 China
- 10.4.2 India
- 10.4.3 Japan
- 10.4.4 South Korea
- 10.4.5 Automotive
- 10.4.6 Southeast Asia
- 10.4.7 Rest of Asia Pacific
- 10.5 Latin America
- 10.5.1 Brazil
- 10.5.2 Mexico
- 10.5.3 Argentina
- 10.5.4 Rest of Latin America
- 10.6 MEA
- 10.6.1 UAE
- 10.6.2 South Africa
- 10.6.3 Saudi Arabia
- 10.6.4 Rest of MEA
- Chapter 11 Company Profiles
- 11.1 ACDelco
- 11.2 Comp Cams
- 11.3 Crower Cams and Equipment Company
- 11.4 Delphi Technologies
- 11.5 Eaton
- 11.6 Federal-Mogul Corporation
- 11.7 Honda Motor Co., Ltd.
- 11.8 Jinan Worldwide Auto-Accessory Co., Ltd.
- 11.9 Johnson Lifters
- 11.10 Lunati LLC
- 11.11 Mahle GmbH
- 11.12 NSK Ltd.
- 11.13 OTICS Corporation
- 11.14 Rane Engine Valve Limited
- 11.15 Riken Corporation
- 11.16 Schaeffler AG
- 11.17 SKF
- 11.18 SM Motorenteile GmbH
- 11.19 Wuxi Xizhou Machinery Co., Ltd.
- 11.20 Yuhuan Huiyu Engine Parts Co., Ltd.
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