Automotive Tappets Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2024-2032

Description

The Global Automotive Tappets Market was valued at USD 7.3 billion and is projected to grow over 4% CAGR from 2024 to 2032. The push for better fuel efficiency and reduced emissions is spurring the demand for advanced engine components. As automakers strive to boost engine performance and adhere to strict environmental regulations, the need for cutting-edge tappet technologies is becoming increasingly pronounced. This emphasis on engine optimization and regulatory compliance is driving the demand for high-quality, durable tappets.

Moreover, industry growth is being fueled by major players venturing into emerging markets. By establishing new production facilities and distribution networks globally, these companies are well-positioned to meet the rising demand for advanced engine components. This worldwide expansion not only strengthens their market foothold but also widens their customer base for innovative tappets, thus accelerating the growth of the automotive tappets market. For example, in May 2023, Eaton expanded its eMobility operations across Europe to meet the growing demand for electric vehicle (EV) solutions.

Modern engines are increasingly integrating advanced valve train technologies, driving the demand for tappets that boost engine performance and efficiency. Manufacturers are prioritizing tappets that accommodate features like variable valve timing and turbocharging, in line with the industry's drive for enhanced efficiency and lower emissions. In October 2023, SKF India unveiled an initiative called "Open Innovation," aimed at collaborating with startups, SME, researchers, and universities. In partnership with IncubateHub, the initiative seeks to tap into India's vibrant startup ecosystem to craft sustainable solutions for the industrial and automotive sectors, tackling intricate challenges and enhancing competitiveness.

The Global Automotive Tappets Industry is classified based on type, vehicle, distribution channel, end-use and region.

The market is segmented by type into flat tappet and roller tappet. In 2023, roller tappets held a dominant market share of over 60%. Their growing adoption can be attributed to their enhanced performance and durability over traditional flat tappets. By minimizing friction and wear, roller tappets boost engine efficiency and lifespan. This preference is especially pronounced in high-performance and luxury vehicles, where there's a concerted effort to maximize engine output and reliability.

The automotive tappets market is segmented by vehicle type into passenger cars and commercial vehicles. In 2023, passenger cars represented approximately 69% of the market share. Passenger cars are increasingly adopting advanced engine technologies to enhance fuel efficiency and performance. This trend is amplifying the demand for sophisticated tappets, crucial for systems like variable valve timing and turbocharging. With the industry's focus on superior driving experiences and strict emission compliance, there's a marked increase in the development and use of premium tappets in modern passenger vehicles.

In 2023, Asia Pacific region led the global automotive tappets market with a commanding share of over 36%. The region's booming vehicle production is driving the demand for engine components. In nations like China and India, rising disposable incomes and growing car ownership are translating to heightened production volumes and an increased need for tappets, underscoring the region's significance in the global automotive supply chain.

Product Code: 10802

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° 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.