Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 7.59 Billion | USD 10.39 Billion | 4.0% | 2024 |
FrequentlyAsked Questions
Automotive tappets, also known as cam followers or valve lifters, are vital components in internal combustion engines that help regulate the opening and closing of engine valves. They transfer motion from the camshaft to the valves, ensuring adequate intake of the fuel-air mixture and release of exhaust gas, as well as accurate timing.
The global automotive tappets market is projected to grow due to mounting vehicle production worldwide, advancements in engine technology, and the rise of hybrid and electric vehicle segments.
According to study, the global automotive tappets market size was worth around USD 7.59 billion in 2024 and is predicted to grow to around USD 10.39 billion by 2034.
The CAGR value of the automotive tappets market is expected to be approximately 4% from 2025 to 2034.
Market trends and consumer preferences are inclining toward fuel-efficient, low-maintenance, and noise-reducing alloy steel and hydraulic tappets in newer vehicles.
Asia Pacific is expected to lead the global automotive tappets market during the forecast period.
The key players profiled in the global automotive tappets market include Schaeffler Group, Eaton Corporation, SKF Group, Johnson Lifters LLC, Rane Engine Valve Limited, NSK Ltd., Federal-Mogul LLC, Crower Cams & Equipment Co. Inc., SM Motorenteile GmbH, Wuxi Xizhou Machinery Co. Ltd., Lunati LLC, Jinan Haiyuan Engine Parts Co. Ltd., Engine Power Components Inc., Otics Corporation, and Hylift-Johnson.
The competitive landscape is dominated by global specialized tappet manufacturers and OEM suppliers, focusing on quality, innovation, and strategic partnerships.
Stakeholders should adopt innovative design and materials, strategic OEM partnerships, and expansion into emerging markets to stay competitive.
The report examines key aspects of the automotive tappets market, including a detailed analysis of existing growth factors and restraints, as well as an examination of future growth opportunities and challenges that will impact the market.
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