Automotive Tappets Market Trends, Key Players, Growth Rate and Forecast 2023

Aug 29, 2023

The global automotive tappets market size reached US$ 8.8 Billion in 2022. Looking forward, the market is expected to reach US$ 11.1 Billion by 2028, exhibiting a growth rate (CAGR) of 4.1% during 2023-2028, according to the latest research report by IMARC Group.

Automotive tappets, also known as valve lifters or cam followers, are small components situated between the camshaft lobe and the tappet lifting mechanism within an engine. They facilitate vertical motion for lifting the valve while eliminating side thrust. They are typically composed of light-metal material shaped using a die to create a cylindrical body and a receiving plate in the top wall to connect the tappet body with the cam. They enhance the power output, efficiency, performance, and revolution per minute (RPM) of the vehicle. As a result, automotive tappets find extensive applications in high-performance vehicles and racing cars across the globe, where all the machine components are required to function with proper coordination and accurate timing without having any adverse effects on the engine.

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List of Major Key Players:

The major players in the market are

Automotive Tappets Industry Trends and Drivers:

The global automotive tappets market is primarily driven by the increasing demand and production of automobiles. Moreover, the shifting consumer inclination toward vehicles that offer higher efficiency and power output has augmented the product demand. Additionally, the leading manufacturers are adopting innovative technologies and methods to produce Hydraulic Flat Tappet Camshaft (HFTC) to meet the demand for fuel-efficient and high-performance vehicles, which in turn has catalyzed the market growth. Furthermore, the rising awareness about fuel efficiency and stringent emission standards is contributing to the market growth. Other factors, including continuous innovations in lubricant technology, increasing preferences for improved vehicle efficiency and output power, and rising sales of electric and hybrid vehicles, are also anticipated to propel the market growth.

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The report cover the below key market segments:

Breakup by Product:

Breakup by Engine:

Breakup by Vehicle Type:

Breakup by End-User:

Breakup by Distribution Channel:

Market Breakup by Region:

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