Automotive Tappet Market By Type (Hydraulic Tappets, Mechanical Tappets), Material (Cast Iron Tappets, Alloy Steel Tappets), Application (Passenger Vehicles, Commercial Vehicles, Motorcycles), & Region for 2024-2031

Automotive Tappet Market Valuation – 2024-2031

The automotive tappet market is experiencing increased demand which is being driven by several important industry variables. Tappets, also known as valve lifters are critical components in internal combustion engines that ensure the engine’s valve train runs smoothly and efficiently. One of the key reasons for rising demand is increased car production around the world. As automotive manufacturers continue to create more vehicles to fulfill global customer needs, the demand for high-quality engine components, particularly tappets will naturally expand by enabling the market to surpass a revenue of USD 9.09 Billion valued in 2024 and reach a valuation of around USD 11.87 Billion by 2031.

Another major element driving demand for automobile tappets is the continued trend toward more efficient and performance-oriented engines. Modern automobiles are being constructed with improved engines that require tappets that can endure increased stress and temperatures. The quest for higher engine performance is driving manufacturers to invest in tappets that are more durable, reduce friction, and increase efficiency by enabling the market to grow at a CAGR of 3.39 % from 2024 to 2031. 

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Automotive Tappet Market: Definition/ Overview

An automotive tappet, also known as a valve lifter or cam follower is a small but important component of an internal combustion engine. Its principal duty is to convey motion from the camshaft, a spinning shaft with uniquely formed lobes to the engine’s valves. The camshaft regulates the timing and duration of the opening and closing of the intake and exhaust valves which is necessary for the engine to function.

Automotive tappets, also known as valve lifters or cam followers play an important part in the operation of internal combustion engines. Their principal duty is to convert the rotating motion of the camshaft into the linear motion required to open and close the engine’s valves. This procedure is critical for managing the intake of air and fuel into the engine as well as the exhaust of gasses following combustion. Tappets guarantee that the engine’s valves open and close at the proper times during the cycle which is critical for efficient combustion, optimal engine performance, and engine longevity.

The future use of automobile tappets is anticipated to change as the automotive industry transitions to more advanced and efficient engine technologies. Tappets which are essential components of internal combustion engines aid in the timing and movement of the engine’s valves. As manufacturers strive to fulfill higher emission rules and improve fuel efficiency, demand for precision-engineered tappets is projected to increase.

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Will the Increasing Demand for High-Performance Vehicles Drive the Automotive Tappet Market?

The rising demand for high-performance vehicles is a major driver of the automotive tappet industry. This trend is driven by consumer’s desire for more powerful and responsive engines which necessitate precise valve control devices such as tappets to improve performance. According to the United States Bureau of Economic Analysis, sales of luxury vehicles which frequently have high-performance engines climbed by 9.7% in 2021 over the previous year. Furthermore, the US Environmental Protection Agency (EPA) estimated that the average horsepower of new automobiles sold in the United States increased by 32% over the last two decades, from 192 hp in 2000 to 253 hp in 2020. This steady growth in engine power points to an increasing market preference for high-performance vehicles.

According to data from the National Highway Traffic Safety Administration (NHTSA), sales of sports cars which are known for their high-performance engines increased by 30% between 2015 and 2020. These numbers show a definite trend toward more powerful automobiles which directly affects demand for complex engine components such as tappets. The increase in demand for high-performance automobiles is closely related to advances in engine efficiency and emission control. Modern high-performance engines necessitate precise valve timing and management to meet rigorous pollution regulations while producing more power. According to the US Department of Energy’s Vehicle Technologies Office, improved valve control systems such as those that use high-quality tappets can increase fuel efficiency by up to 5% in high-performance engines.

Will the Increasing Electric and Hybrid Vehicles Hamper the Automotive Tappet Market?

The rise of electric and hybrid vehicles may indeed present problems to the automotive tappet market. Tappets, also known as valve lifters are critical components of internal combustion engines (ICEs) that govern the opening and shutting of engine valves. Electric vehicles (EVs) do not have traditional internal combustion engines, hence they do not require tappets. Hybrid vehicles which combine an internal combustion engine and an electric motor, still employ tappets, although they rely less on ICE components. As the global trend toward electric and hybrid vehicles intensifies, the market for tappets may decrease since fewer vehicles use them.

Growing environmental concerns, higher emissions restrictions, and developments in EV technology are all driving this transformation resulting in rising consumer interest in electric and hybrid car options. As more automakers invest in electric drivetrains and phase out traditional internal combustion engines, the automotive tappet business may lose customers. Furthermore, the overall push for sustainability and the ultimate transition to fully electric vehicles suggests that the future of tappet manufacture may be uncertain. While the market may continue to see some demand from hybrid vehicles and places where ICEs are still prominent, the long-term picture predicts a possible fall in the tappet market as the automotive industry shifts away from traditional engines.

Category-Wise Acumens

Will the Advanced Technology and Convenience Drive Growth in the Type Segment?

Hydraulic tappets are currently preferred due to their superior technology and simplicity. Hydraulic tappets automatically adjust valve clearance using hydraulic pressure, resulting in constant engine performance without the need for manual adjustments. This automatic adjustment lowers the danger of engine wear and tear, increases fuel efficiency, and reduces engine noise, making vehicles quieter and more efficient. Hydraulic tappets are a popular choice for modern automobiles because to their ease of maintenance and greater performance, particularly in passenger cars where smooth and quiet running is sought.

Mechanical tappets, also known as solid tappets are less common in the market since they require frequent manual adjustments to ensure correct valve clearance. While they are more robust and can handle high-performance engines, they require continual adjustment which can be labor-intensive and time-consuming. This makes them less suitable for everyday vehicles where ease of maintenance and dependability are essential. Mechanical tappets are still preferred in high-performance or racing applications that require precision and durability but hydraulic tappets are dominating the car market due to their convenience and technological advantages.

Will the Vehicle Performance and Fuel Efficiency Drive the Application Segment?

The passenger vehicle segment is currently dominant. This supremacy is fueled by the huge volume of passenger cars including sedans, SUVs, and hatchbacks which account for a sizable share of the worldwide vehicle fleet. The sheer quantity of passenger vehicles on the road causes a high and ongoing need for tappets which are critical components of the engine’s valve train system. Furthermore, developments in automotive technology and rising consumer preference for personal automobiles help to continue growth in this market. The emphasis on enhancing vehicle performance, fuel efficiency, and lowering pollutants in passenger vehicles increases demand for high-quality tappets.

Commercial vehicles are fast rising yet they still have a smaller market share than passenger vehicles. Commercial vehicles such as trucks and buses necessitate tappets with higher durability and performance specifications because to their harsher working circumstances and increased usage. However, the total number of commercial vehicles is smaller than that of passenger vehicles which has an impact on overall demand. The motorcycle segment, while significant, is a minor niche in the automotive tappet market. Motorcycles have unique tappet requirements however the overall market size for motorcycle tappets is limited due to their smaller volume compared to passenger and commercial vehicles.

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Country/Region-wise Acumens

Will the Urbanization and Increasing Disposable Incomes Drive the Market in the Asia Pacific Region?

The Asia Pacific region is expected to dominate the automotive tappet market owing to growing urbanization and increased disposable incomes. These reasons are driving greater vehicle ownership and production resulting in a strong demand for automotive components such as tappets. The Asia Pacific automotive tappet market is being driven mostly by urbanization. According to the United Nations Department of Economic and Social Affairs, Asia’s urban population is predicted to increase from 2.2 billion in 2020 to 3.5 billion in 2050. This tremendous urban growth is accompanied by infrastructure development and enhanced transportation networks which drive up automobile demand.

Rising disposable incomes in Asia Pacific contribute considerably to the growth of the automotive tappet industry. According to the Asian Development Bank, the region’s GDP per capita is expected to rise from $6,890 in 2020 to $10,249 by 2030 representing a significant increase in purchasing power. This economic expansion leads to increasing consumer expenditure on vehicles, especially in emerging economies. In India, the Ministry of Statistics and Programme Implementation projected that the country’s per capita net national income at current prices increased from ?94,270 in 2015-16 to ?146,829 in 2020-21 notwithstanding the pandemic impact. According to the Society of Indian Automobile Manufacturers, domestic automobile sales in India climbed by 23.1% as income levels rose.

Will Technological Advancements Drive the Market in the North American Region?

The North American automotive tappet market is expected to increase significantly driven mostly by technical advancements. The region’s market is predicted to grow at the quickest rate owing mostly to its strong automobile manufacturing base and ongoing engine technology innovation.
Technological developments are a major driver of the automotive tappet industry in North America. The demand for more fuel-efficient and environmentally friendly vehicles has resulted in the development of innovative engine technologies that necessitate high-performance tappets. According to the US Environmental Protection Agency (EPA), the average fuel economy for new 2021 model-year automobiles achieved a record high of 25.7 miles per gallon, up 0.5 mpg from the previous year.

This improvement can be due to developments in engine design such as more efficient valve train systems. According to the U.S. Department of Energy, variable valve timing (VVT) technology which uses innovative tappet designs can increase fuel economy by up to 5 percent. Furthermore, the National Highway Traffic Safety Administration (NHTSA) has established Corporate Average Fuel Economy (CAFE) regulations that call for automakers to reach an average of 49 mpg for passenger vehicles and light trucks by 2026, up from 37 mpg in 2020. This regulatory pressure is encouraging manufacturers to invest in innovative engine technologies such as enhanced tappet designs.

Competitive Landscape

The Automotive Tappet Market is a dynamic and competitive space, characterized by a diverse range of players vying for market share. These players are on the run for solidifying their presence through the adoption of strategic plans such as collaborations, mergers, acquisitions, and political support. The organizations are focusing on innovating their product line to serve the vast population in diverse regions.

Some of the prominent players operating in the automotive tappet market include:

• Schaeffler AG
• SKF Group
• Crower Cams & Equipment Co.
• Federal-Mogul Corporation (Tenneco, Inc.)
• Lunati LLC
• SM Motorenteile GmbH
• Yuhuan Huiyu Tappets Co., Ltd.
• Eaton Corporation plc
• Competition Cams, Inc.
• Rane Holdings Limited
• Wuxi Xizhou Machinery Co., Ltd.
• NSK Ltd.
• SSV Valve
• RSR Industries

Latest Developments

• In May 2023, Eaton Corporation plc expanded its aftermarket mobile power portfolio to include a new electrified power takeoff. This is expected to broaden its product line while providing a comprehensive solution for its customers’ mobile power requirements.

Report Scope

Automotive Tappet Market, By Category

Type:

• Hydraulic Tappets
• Mechanical Tappets

Material:

• Cast Iron Tappets
• Alloy Steel Tappets

Application:

• Passenger Vehicles
• Commercial Vehicles
• Motorcycles

Region:

• North America
• Europe
• Asia-Pacific
• South America
• Middle East & Africa

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