Automotive Tappet Market

Overview:

Automotive tappet plays a crucial role in the functioning of the engine during movement. Its utility is manifold; it can allow camshaft movement, lessen the wear from the rotation, improves lubrication and many others. The global automotive tappet market is expecting a moderate CAGR during the forecast period (2017-2023), reveals Market Research Future (MRFR) in a much-detailed study which includes segmentation analysis and market factors that can provide a more understandable market scenario for coming years. In addition, it enhances the performance and lowers down fuel consumption of automotive which makes it a perfect choice for many manufacturers. Particularly, at a time when carbon emission has become a serious issue.

Segmentation:

The automotive tappet market is segmented based on type, engine capacity, and vehicle type.

On the basis of the type, the automotive tappet market is segmented based on flat and roller. The flat tappet segment is expected to dominate the tappet market over the forecast period due to increasing production of passenger cars in the emerging nations. The flat tappet further is used in both mid-sized vehicles as well as the commercial vehicle due to abilities to lower expenditure and increase fuel efficiency.

Based on engine capacity, the automotive tappet market is segmented based on <4 cylinders, 4-6 cylinders, and >6 cylinders. Less than 4-cylinder segment is expected to dominate the market during the forecast period due to increasing emission regulations and growing demand for engine downsizing. This stringent government regulation for emission may result in the growth of the market during the forecast period.

Based on vehicle type, the automotive tappet market can be segmented into passenger car, light commercial vehicle (LCV), and heavy commercial vehicle (HCV).

Regional Analysis:

Geographic analysis of the automotive tappet market includes North America, Asia Pacific (APAC), Europe, and Rest-of-the-World (RoW).

The APAC region is expected to dominate the global market during the forecast period. The region has emerging economies such as India, China, and Japan who are fueling the demand for automotive. The reason can be attributed to the vast population and many major companies sharing the location for their production unit. People are opting more for LCV which in a way, is ensuring the regional market.

North America is following the steps of the former and can retain its position during the forecast period. The region has already made a significant amount of investment in research and development for this product. This can impact the automotive tappet market considerably.

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Market Insight:

The ever-competitive market has several market players who involve themselves in strategic deployments that take the market forward. Their individual growth can collectively impact the global market. These tactics include merger, acquisition, collaboration, and other methods. For instance, Schaeffler India is merging their business with INA Bearings India and LuK India that can be beneficial for all three companies as this would enable them to strengthen their production capability. Whereas, in the U.S., it is the Tenneco that has taken over Federal-Mogul which can give birth to a new auto parts behemoth.

Some of the key players in the automotive tappet market are Schaeffler (Germany), SKF (Sweden), Eaton (Ireland), Federal-Mogul (US), and NSK (Japan), Crower Cams & Equipment Company, Inc. (U.S.), Competition Cams Inc. (U.S.), SM Motorenteile GmbH (Germany), Lunati (U.S.), Jinan Hongjitang Pharmaceutical Co Ltd (China), Rane Engine Valve Limited (India), Wuxi Xizhou Machinery Co., Ltd (China), Yuhuan Huiyu Tappets Co. Ltd (China), RSR Industries (India), SSV Valve (India), and others.

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