Press release
Rising Passenger Vehicle Sales Propel Automotive Tappet: A Key Factor Shaping the Future of the Automotive Tappet Market in 2025
Automotive Tappet Market share
The size of the automotive tappet market has seen significant growth in the past few years. The market is expected to expand from $8.95 billion in 2024 to $9.42 billion in 2025 at a Compound Annual Growth Rate (CAGR) of 5.3%. The surge in the historical period can be credited to the increasing acceptance of hydraulic flat tapper camshaft (HFTC), escalating demand for flat-tappet, growth in hybrid vehicles, an increase in battery-powered vehicles, and heightened demand for automobiles.
The market size of automotive tappet is projected to witness a stable growth in the forthcoming years, climbing to a staggering $11.43 billion in 2029 with a Compound Annual Growth Rate (CAGR) of 4.9%. This growth over the predicted period may be caused by the rise in passenger vehicle sales, an uptick in commercial vehicle sales as well as higher demand for electric and fuel-efficient vehicles, coupled with expanding aftermarket opportunities. Predominant trends expected during the forecast timeframe comprise the adoption of variable valve timing (VVT) systems, enhancements in the technology of lubricants, creation of more environmentally-friendly technologies, technological innovation in hydraulic flat tapper camshaft (HFTC), and engine development.
What Factors Are Fueling Growth in the Automotive Tappet Market?
The rise in passenger vehicle sales is projected to fuel the expansion of the automotive tappet market. These include cars, SUVs, minivans, and other vehicles chiefly used for individual commute or conveying small bunches of individuals with a maximum limit of 8 passengers, excluding the driver. The hike in passenger vehicles sales can be attributed to better financing arrangements, growing urbanization, advancements in vehicle technology, and the introduction of new vehicle models featuring superior fuel economy and safety elements. Automotive tappets enhance the engine's performance and fuel efficiency, providing a sleeker, more potent driving experience that increases the attractiveness of the vehicle, entices potential buyers and amplifies the sales of passenger vehicles. As per the April 2024 data by Automotive Statistics, a Canadian organization, there were 26.3 million registered road motor vehicles in 2022 in Canada, showing an increase of 0.3% from 2021. Hence, the surge in the sales of passenger vehicles is stimulating the growth of the automotive tappet market.
Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=18239&type=smp
Which Businesses Are at the Forefront of Automotive Tappet Market Development?
Major companies operating in the automotive tappet market are Delphi Technologies PLC, Robert Bosch GmbH, Denso Corporation, Continental AG, Aisin Seiki Co. Ltd., Eaton Corporation PLC, Tenneco, Schaeffler AG, Otics Corporation, MAHLE GmbH, Dana Incorporated, AB SKF, NSK Ltd., Federal-Mogul Corporation, Rheinmetall Automotive AG, Melling Industries, Elgin Industries, Yuhuan Huiyu Tappets Co. Ltd., Crower Cams & Equipment Co., SSV Valves, Cloyes Gear and Products Inc., Howards Cams, Dura-Bond Bearing Company, SM Motorenteile GmbH
What Are the Latest Innovations in the Automotive Tappet Market?
Key players in the automotive tappet market, including manufacturers like Schaeffler, are making significant investments in facilities to ensure their tappets are of the highest quality, precision-engineered, and meet tough performance and durability standards in order to maximize engine efficiency and longevity. These new production sites will incorporate the latest technology, specifically Schaeffler's proprietary tools and equipment. In a notable example, Schaeffler, based out of Germany, invested $230 million in February 2024 into a new plant in Dover, Ohio. This new site is estimated to provide around 450 job roles by 2032 and is equipped with advanced manufacturing processes, specifically for the production of electric axles for light and medium-weight vehicles. A key pillar of their strategy is sustainability, with the new plant integrating eco-friendly procedures in line with Schaeffler's ambition to be environmentally responsible and achieve carbon neutrality by 2040.
How Is the Automotive Tappet Market Segmented?
The automotive tappet market covered in this report is segmented -
1) By Product: Flat Tappet, Roller Tappet
2) By Engine Capacity Analysis: 6 Cylinder
3) By Material: Steel, Aluminum
4) By Vehicle: Heavy Commercial Vehicle, Light Duty Vehicle
5) By Distribution Channel: Original Equipment Manufacturer, Aftermarket
Subsegments:
1) By Flat Tappet: Solid Flat Tappet, Hydraulic Flat Tappet, Mechanical Flat Tappet
2) By Roller Tappet: Hydraulic Roller Tappet, Mechanical Roller Tappet, Needle Roller Tappet, High-Performance Roller Tappet
Pre-Book Your Report Now For A Swift Delivery:
https://www.thebusinessresearchcompany.com/report/automotive-tappet-global-market-report
Where Is the Automotive Tappet Market Growth Most Prominent?
Asia-Pacific was the largest region in the automotive tappet market in 2024. The regions covered in the automotive tappet market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Automotive Tappet Global Market Report?
- Market Size Analysis: Analyze the Automotive Tappet Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Automotive Tappet Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Automotive Tappet Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Automotive Tappet Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=18239
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Rising Passenger Vehicle Sales Propel Automotive Tappet: A Key Factor Shaping the Future of the Automotive Tappet Market in 2025 here
News-ID: 3858827 • Views: …
More Releases from The Business Research Company
Global Dermal Regeneration Market Expansion at 8.9% CAGR, Valued at $2.52 Billio …
"Use ONLINE30 for 30% savings on global market reports and stay on top of tariff updates, market trends, and economic shifts worldwide.
What Are the Dermal Regeneration Market Size Forecast for 2025?
In recent years, the market size of dermal regeneration has significantly expanded. Its growth is set to continue, moving from a market value of $1.64 billion in 2024, surging to $1.79 billion in 2025, indicating a Compound Annual Growth Rate…
Dental Emergency Kit Market Expansion Outlook: $1.74 Billion in 2029
"Get 30% off global market reports with code ONLINE30 and keep ahead of tariffs, macro trends, and worldwide economic developments.
What Is the Projected CAGR for the Dental Emergency Kit Market from 2024 to 2025?
In recent times, the dental emergency kit market has seen significant growth. Projected growth rates suggest an increase from $1.18 billion in 2024 to $1.28 billion in 2025, manifesting a compound annual growth rate (CAGR) of 8.2%.…
Cryopreservation Equipment Industry Growth Outlook: 15.4% CAGR and $19.55 Billio …
"Get 30% off global market reports with code ONLINE30 and keep ahead of tariffs, macro trends, and worldwide economic developments.
What Is the Long-Term Growth Forecast for the Cryopreservation Equipment Market Size 2025?
The expansion of the cryopreservation equipment market has been significant in recent years. The market which is expected to escalate from $9.52 billion in 2024 to $11.01 billion in 2025, will do so with a compound annual growth rate…
Connected Wearable Patches Industry to Achieve $10.78 Billion Growth by 2029
"Get 30% off global market reports with code ONLINE30 and keep ahead of tariffs, macro trends, and worldwide economic developments.
How Will the Connected Wearable Patches Market Grow by 2025 in Terms of Size and Growth?
The market size for connected wearable patches has seen significant expansion in the most recent years. With an expected rise from $5.62 billion in 2024 to $6.42 billion in 2025, representing a compound annual growth rate…
More Releases for Tappet
Rising Passenger Vehicle Sales Propel Automotive Tappet: Key Factor Driving The …
The Automotive Tappet Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Expected Automotive Tappet Market Size During the Forecast Period?
The automotive tappet market has seen significant growth in recent years. It will grow from $8.95 billion in 2024 to $9.42 billion in…
Global Tappet Market Insights and Forecast Till 2032
Key Market Insights:
Market Overview:
A tappet, an integral component of internal combustion engines, plays a crucial role in the mechanical engineering and automotive sectors. These small, cylindrical parts work in conjunction with the camshaft, ensuring the precise timing and regulation of valve activities necessary for fuel intake, combustion, and exhaust expulsion. The performance, efficiency, and emissions of an engine are heavily dependent on the precise operation of tappets.
-------------------------------------------------------------------------------------------------------------------
REQUEST A $1000 DISCOUNT…
Tappet Market Growth Forecast till 2030
According to Ameco Research 'Tappet Market report, the analysts took this into account when estimating the Tappet Market size and CAGR for the respective industry. The report's author has thoroughly examined the market and concluded that the Tappet Market 's growth will level off in the coming years. In addition to that, the prominent qualitative information added in the report includes Tappet Market trends, segmentation, key…
Tappet Market CAGR Report 2022 - 2030
The Global Tappet Market Size was valued for USD 8.7 Billion in 2021 and is anticipated to reach USD 12.2 Billion by 2030 with a CAGR of 3.9% from 2022 to 2030.
The Tappet Market focuses on the demand and applications of tappets, also known as cam followers or valve lifters. These are essential components in internal combustion engines, playing a pivotal role in ensuring the smooth operation of the valve…
Tappet Market Size to Reach USD 14 Billion 2030
Exclusive Report by Ameco Research: Tappet Market Size Projected to Reach USD 14 Billion by 2030, Growing at 4.70% CAGR
Ameco Research is proud to announce the launch of its latest market research report, Tappet Market. This comprehensive report provides in-depth analysis and insights into the current market trends and future projections in the Industry/Market Segment. Ameco Research has been at the forefront of providing quality market research reports to…
Automotive Tappet Market Analysis 2018 To 2023 By Flat, Roller Tappet, Engine Ca …
Automotive Tappet Market
Automotive Tappet Market 2018 Global Industry Analysis by Type (Flat and Roller), Engine Capacity (6 Cylinders), Vehicle Type (Passenger Car, Lcv, and Hcv), and Region. Report provides Automotive Tappet Market Size, Share, Growth historic and forecast data up to 2023 is included in this study.
Automotive Tappet Key Companies Market Analyzed In This Report Are:
Lunati (U.S.), Jinan Hongjitang Pharmaceutical Co Ltd (China), Rane Engine Valve Limited (India), Wuxi Xizhou…
