“The growth in vehicle production and sales would drive the market for automotive tappets in the coming years”
The global tappet market for automotive is projected to reach a market size of USD 10.11 billion by 2025, growing at a CAGR of 3.36% from 2017 to 2025. The market growth is primarily driven by the growth of the commercial vehicles segment, which can be attributed to the improving business environment for fleet operators and a rise in demand from the construction and mining sectors. Also, the growth in passenger vehicles production directly impacts the growth of the automotive tappet market. On the other hand, the increasing popularity of electric and hybrid vehicles can hinder the growth of the tappet market for automotive.
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“The roller tappets segment is estimated to be the fastest growing segment in the tappets market for automotive, in terms of value”
The roller tappets segment is estimated to be the fastest growing segment of the tappets market for automotive in 2017. The growing trend of engine downsizing without compromising the performance of the engine is driving the market for roller tappets. Roller tappets enhance the performance of the engine by allowing faster as well as smoother opening and closing of the valve.
“4–6 cylinders engine capacity segment is estimated to be the largest segment as the automotive industry is moving toward engine downsizing”
The 4–6 cylinders segment is estimated to hold the largest market share during the forecast period. A majority of the passenger cars, light commercial vehicles, and heavy commercial vehicles fall under this category. Also, stringent emission norms, growing trend of engine downsizing, and vehicle weight reduction are driving the growth of 4–6 cylinders segment in the automotive tappet market.
“Asia Pacific is estimated to be the largest tappet market for automotive in terms of volume”
In 2017, Asia Pacific is estimated to be the largest regional market for automotive tappets. The Asia Pacific region is the largest market for automobiles and comprises emerging economies such as China and India along with developed nations such as Japan and South Korea. In recent years, the region has emerged as a hub for automobile production. This region, which is known for small and cost-effective cars, has witnessed higher growth than the matured markets of Europe and North America. The market growth can be attributed to the low production cost and easy availability of cheap labor in the region. The rise in automotive production is positively impacting the automotive tappet market in the region.
The study contains insights provided by various industry experts, ranging from automotive tappet manufacturers to automobile OEMs and various automotive associations.
The break-up of the primaries is as follows:
By Company Type: Tier I–57%, Tier II–29%, and OEMs–14%
By Designation: C Level–51%, D Level–34%, and Other –15%
By Region: Asia Pacific –43%, Europe–29%, North America–14%, RoW–14%
Players profiled in the report are:
• Schaeffler (Germany)
• Eaton (Ireland)
• Federal-Mogul (US)
• NSK (Japan)
• SKF (Sweden)
• Riken (Japan)
• Jinan Worldwide Auto-Accessory (China)
• Rane Engine Valve (India)
• Otics Corporation (Japan)
• SM Motorenteile (Germany)
• Lunati (US)
• Comp Cams (US)
Related Report:
Automotive Hydraulics System Market by Application (Brake Clutch Suspension & Tappet) OE Component (Master Cylinder Slave Cylinder Reservoir & Hose) Aftermarket Component On-Highway Vehicle Off-Highway Vehicle and Region - Global Forecast to 2025
Increasing sales of on-highway vehicles and infrastructural development in emerging economies globally to fuel the demand for the automotive hydraulics system market
The global automotive hydraulics system market is projected to grow at a CAGR of 6.04% from USD 32.13 billion in 2017 to reach USD 51.37 billion by 2025. Increasing sales of on-highway vehicles and infrastructural development in emerging economies and increasing sales of off-highway vehicles to boost the demand for automotive hydraulics system are driving factors for the automotive hydraulics system market. Whereas, replacement of hydraulic applications with the full electrical system is a restraining factor for automotive hydraulics system market. The advent of technological advancement in vehicle braking and suspension system and the advanced electro-hydraulic system is creating opportunities for the automotive hydraulics system in upcoming years. On the other hand, factors such as user concerns regarding reduced noise, increasing uptime and reliability of hydraulic system and contamination of hydraulic fluids are creating challenges for automotive hydraulics system market in future years.
Read More: https://watchersofmarkets.com/products/automotive-hydraulics-system-market-by-application-brake-clutch-suspension-tappet-oe-component-master-cylinder-slave-cylinder-reservoir-hose-aftermarket-component-on-highway-vehicle-off-highway-vehicle-and-region-global-forecast-to-2025
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