tappet market size, tappet market growth forecast, tappet industry analysis, tappet industry trends, tappet market insights, tappet market opportunities
What are the recent trends in market size and growth for the tappet market?
The tappet market size has grown steadily in recent years. It will grow from $9.45 billion in 2024 to $9.87 billion in 2025 at a compound annual growth rate (CAGR) of 4.5%. The growth in the historic period can be attributed to rise of aftermarket sales, internal combustion engine development, automotive industry growth, precision engineering advancements, materials innovation.
The tappet market size is expected to see steady growth in the next few years. It will grow to $11.75 billion in 2029 at a compound annual growth rate (CAGR) of 4.5%. The growth in the forecast period can be attributed to rise in demand for performance vehicles, emissions regulations and efficiency, demand for lightweight components, increased engine downsizing, global automotive production growth. Major trends in the forecast period include innovations in lubrication systems, customization for diverse engine types, adaptation to variable valve timing systems, integration of smart technologies, compact engine designs.
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How have varous drivers impacted the growth of the tappet market?
The increasing demand for racing cars is expected to propel the growth of the tappet market going forward. Racing cars refer to specially designed and modified vehicles intended for competitive racing in motorsports. In racing cars, tappets are important in optimizing valve timing for maximum power and efficiency, which is crucial for achieving top speeds and responsiveness on the racetrack. For instance, in May 2023, according to the corporate and financial report shared by Ferrari S.p.A., an Italy-based luxury sports car manufacturer, 3,567 Ferrari units were shipped overall in Q1 2023, an increase of 9.7% from Q1 2022. Net revenues were $1.54 billion in Q1 2023, an increase of 20.5% from last year. Therefore, the increasing demand for racing cars is driving the growth of the tappet market.
What are the primary segments of the tappet market?
The tappet market covered in this report is segmented –
1) By Type: Flat Tappet, Roller Tappet, Hydraulic Tappets
2) By Engine Capacity: Less Than 4 Cylinder Engine, 4-6 Cylinders Engine, More Than 6 Cylinder
3) By Vehicle Type: Heavy Duty Commercial vehicles, Light Duty Commercial Vehicles
4) By Distribution Channel: Original Equipment Manufacturer (OEM), After market
5) By End-User: Economic Passenger Car, Luxury Passenger Car, Mid-Priced Passenger Car
Subsegments:
1) By Flat Tappet: Solid Flat Tappets, Hydraulic Flat Tappets
2) By Roller Tappet: Roller Finger Tappets, Roller Ball Tappets
3) By Hydraulic Tappets: Self-Adjusting Hydraulic Tappets, Non-Adjusting Hydraulic Tappets
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Which firms are leading the tappet market?
Major companies operating in the tappet market report are Aisin Seiki Co. Ltd., Eaton Corporation PLC, Schaeffler AG, SKF Group, NSK Ltd., Mahle GmbH, Delphi Technologies, ElringKlinger AG, Federal-Mogul Goetze, Nittan Valve Co. Ltd., Otics Corporation, Elgin Industries, Melling Engine Parts, Wuxi Xizhou Machinery Co. Ltd., Crower Cams & Equipment Company LLC, Sac Engine Components, Rane Engine Valve Ltd., Lunati, Howards Cams, SM Motorenteile GmbH, Johnson Lifters, Kent Cams, Iskenderian Racing Cams, Shri Ram International, RSR Industries
How will industry trends affect the trajectory of the tappet market?
Major companies operating in tappet market are focused on investing in manufacturing plants to enhance production capabilities, improve supply chain efficiencies, and support the growing demand for advanced automotive technologies. This strategic move allows them to streamline operations, adopt more sustainable practices, and respond effectively to the evolving needs of the automotive industry, particularly with the rise of electric vehicles (EVs). For instance, in February 2024, Schaeffler AG, a Germany-based company that maufactures tappet invested over $230 million in this greenfield manufacturing facility. The facility will specialize in producing electric axles for light and medium-duty vehicles, aligning with Schaeffler’s commitment to advancing electric mobility solutions. This expansion reflects Schaeffler’s ambition to enhance its presence in the Americas and support the growing EV market. The location is also beneficial due to its proximity to major automotive OEMs and suppliers.
Which geographic trends are shaping the tappet market, and which region has the highest market share?
Asia-Pacific was the largest region in the tappet market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the tappet market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
What Does The Tappet Market Report 2025 Offer?
The tappet market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
A tappet is a component in an internal combustion engine that converts the rotational motion of the camshaft into linear motion that pushes against the engine’s valve stems, causing the valves to open. The tappet’s purpose is to close the space between the camshaft and the rocker’s arm, obviating the need for component changes, as it is activated by hydraulic pressure at engine start. It plays an essential role in the smooth and efficient operation of the machine.
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