According to the latest report by IMARC Group titled, “Automotive Tappets Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025”, the market size was worth US$ 7.8 Billion in 2019.
An automotive tappet, also known as a cam follower or valve lifter, is a cylindrical component which is inserted between the tappet lifting mechanism and camshaft lobe of an automobile engine. It is primarily used in high-performance vehicles to enhance their power output by increasing the revolutions-per-minute (RPM). Tappets also assist in combining multiple camshafts through mechanical linking systems, thus improving the operational efficiency of the engine.
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The global automotive tappets market is primarily driven by the increasing demand for and a consequent rise in the production of automobiles, which utilize tappets for variations in valve timings and manipulating the duration of valve openings. Furthermore, utilization of advanced technologies, such as Hydraulic Flat Tappet Camshaft (HFTC), for meeting the fuel efficiency demands of heavy vehicles, is positively impacting the market growth. Other factors, including innovations in the lubricant technology which reduce the wear and tear of the engine and enhance its durability, are projected to drive the market further. Looking forward, IMARC Group expects the global automotive tappets market to continue its moderate growth during the next five years.
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Insights on Market Segmentation:
Market Breakup by Product
• Roller Tappets
• Flat Tappets
Market Breakup by Engine
• <4 Cylinders Engine
• 4–6 Cylinders Engine
• >6 Cylinders Engine
Market Breakup by Vehicle Type
• Heavy Commercial Vehicles
• Light Duty Vehicles
Market Breakup by End-User
• Economic Passenger Cars
• Luxury Passenger Cars
• Mid-Priced Passenger Cars
Market Breakup by Distribution Channel
Market Breakup by Region
• North America
• Asia Pacific
• Middle East and Africa
• Latin America
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