DUBLIN--(BUSINESS WIRE)--The "Automotive Tappets Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024" report has been added to ResearchAndMarkets.com's offering.
The global automotive tappets market was worth US$ 7.5 Billion in 2018
An automotive tappet, also known as valve lifter or cam follower, is a small automotive component inserted between the tappet lifting mechanism and camshaft lobe in the engines. It is used to eliminate side thrust and facilitate vertical motion to lift the valve. Tappets are manufactured using light-metal material that is formed in a die to mold the cylindrical body and connect the tappet body with the cam through a receiving plate in the top wall.
They enhance the power output, efficiency, performance and revolution per minute (RPM) of the vehicle. As a result, automotive tappets are primarily used in racing cars and high-performance vehicles that require various components of the machine to function with proper coordination and accurate timing without having any effect on the engine.
The increasing demand for and production of automobiles is the key factor driving the growth of the market. In addition to this, the rising inclination of consumers for vehicles with increased efficiency and power output is expanding the product demand. Automotive tappets improve the performance through variations in valve timings and changing the duration of valves while the engine is working. Also, the incorporation of these tappets allows integration of multiple camshafts using mechanical linking systems that further enhances the power output.
Furthermore, manufacturers are adopting innovative technologies and methods to produce Hydraulic Flat Tapper Camshaft (HFTC) to meet the fuel efficiency demand for high-performance vehicles, thus driving the demand for automotive tappets globally. Other factors contributing significantly to the market growth include innovations in the lubricant technology that enhances the overall engine durability and the growing construction industry.
Looking forward, the market to reach a value of US$ 9.5 Billion by 2024, registering a CAGR of around 4% during 2019-2024.
Key Questions Answered in This Report:
- How has the global automotive tappets market performed so far and how will it perform in the coming years?
- What are the key regional markets in the global automotive tappets industry?
- What is the breakup of the market based on the product?
- What is the breakup of the market based on the engine?
- What is the breakup of the market based on the vehicle type?
- What is the breakup of the market based on the end-user?
- What is the breakup of the market based on the distribution channel?
- What are the various stages in the value chain of the global automotive tappets industry?
- What are the key driving factors and challenges in the global automotive tappets industry?
- What is the structure of the global automotive tappets industry and who are the key players?
- What is the degree of competition in the global automotive tappets industry?
Key Topics Covered:
2 Scope and Methodology
2.1 Objectives of the Study
2.3 Data Sources
2.4 Market Estimation
2.5 Forecasting Methodology
3 Executive Summary
4.2 Key Industry Trends
5 Global Automotive Tappets Market
5.1 Market Overview
5.2 Market Performance
5.3 Market Breakup by Product
5.4 Market Breakup by Engine
5.5 Market Breakup by Vehicle Type
5.6 Market Breakup by End-User
5.7 Market Breakup by Distribution Channel
5.8 Market Breakup by Region
5.9 Market Forecast
6 Market Breakup by Product
6.1 Roller Tappets
6.2 Flat Tappets
7 Market Breakup by Engine
7.1 < 4 Cylinders Engine
7.2 4-6 Cylinders Engine
7.3 >6 Cylinders Engine
8 Market Breakup by Vehicle Type
8.1 Heavy Commercial Vehicles
8.2 Light Duty Vehicles
9 Market Breakup by End-User
9.1 Economic Passenger Cars
9.2 Luxury Passenger Cars
9.3 Mid-Priced Passenger Cars
10 Market Breakup by Distribution Channel
11 Market Breakup by Region
12 SWOT Analysis
13 Value Chain Analysis
13.2 Research and Development
13.3 Raw Material Procurement
14 Porter's Five Forces Analysis
14.2 Bargaining Power of Buyers
14.3 Bargaining Power of Suppliers
14.4 Degree of Competition
14.5 Threat of New Entrants
14.6 Threat of Substitutes
15 Price Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Key Players
16.3 Profiles of Key Players
16.3.1 Schaeffler Group
16.3.3 Crower Cams & Equipment Company
16.3.6 SM Motorenteile GmbH
16.3.7 Yuhuan Huiyu Tappets Company
16.3.9 Competition Cams
16.3.10 Rane Engine Valve Limited
16.3.11 Wuxi Xizhou Machinery Company
16.3.13 SSV Valve
16.3.14 RSR Industries
For more information about this report visit https://www.researchandmarkets.com/r/5mrcnz