Automotive Tappet Market Report 2024

The automotive tappet market size has grown steadily in recent years. It will grow from $8.55 billion in 2023 to $8.95 billion in 2024 at a compound annual growth rate (CAGR) of 4.6%. The growth observed in the historical period can be ascribed to the increased adoption of hydraulic flat tappet camshafts (HFTC), a higher demand for flat-tappet designs, the rise of hybrid vehicles, the growing popularity of battery-powered vehicles, and an overall increase in automotive demand.

The automotive tappet market size is expected to see strong growth in the next few years. It will grow to $10.89 billion in 2028 at a compound annual growth rate (CAGR) of 5%. Looking ahead, the forecasted growth is driven by higher sales of passenger and commercial vehicles, a growing demand for electric and fuel-efficient vehicles, and expanding aftermarket opportunities. Key trends during this period include the adoption of variable valve timing (VVT) systems, advancements in lubricant technology, the development of cleaner technologies, technological progress in hydraulic flat tappet camshafts (HFTC), and ongoing engine innovations.

The growth in passenger vehicle sales is anticipated to drive the expansion of the automotive tappet market. Passenger vehicles, which encompass cars, SUVs, minivans, and similar types of motor vehicles designed primarily for personal use or transporting small groups of people (up to 8 passengers excluding the driver), are experiencing increased sales due to enhanced financing options, urbanization, advancements in vehicle technology, and the introduction of new models with improved fuel efficiency and safety features. Automotive tappets contribute to better engine performance and fuel efficiency, resulting in a smoother and more powerful driving experience that makes vehicles more appealing to buyers and boosts passenger vehicle sales. For example, Automotive Statistics, a Canadian agency, reported in April 2024 that there were 26.3 million registered road motor vehicles in Canada in 2022, marking a 0.3% increase from 2021. Thus, the rising passenger vehicle sales are a key factor driving the automotive tappet market.

Leading companies in the automotive tappet market are investing in new manufacturing facilities to produce high-quality, precision-engineered tappets that adhere to rigorous performance and durability standards, ensuring peak engine efficiency and longevity. These new facilities will utilize advanced technology and Schaeffler-designed tools and equipment. For example, Schaeffler, a German company specializing in automotive tappets, invested $230 million in February 2024 to establish a new greenfield facility in Dover, Ohio. This facility, which is expected to create around 450 jobs by 2032, will feature advanced production processes for electric axles used in light and medium-duty vehicles. Additionally, the facility will focus on sustainability, incorporating eco-friendly practices to support Schaeffler's commitment to environmental responsibility and achieving climate neutrality by 2040.

In August 2022, Gentherm Incorporated, a US-based provider of thermal management technologies, acquired Alfmeier Prazision SE for an undisclosed amount. This acquisition allowed Gentherm Incorporated to broaden its product range and enhance its ability to offer top-tier comfort and wellness solutions to the automotive sector. Alfmeier Prazision SE, based in Germany, is known for manufacturing automotive components, including tappets.

Major companies operating in the automotive tappet market are Delphi Technologies PLC, Robert Bosch GmbH, Denso Corporation, Continental AG, Aisin Seiki Co. Ltd., Eaton Corporation PLC, Tenneco, Schaeffler AG, Otics Corporation, MAHLE GmbH, Dana Incorporated, AB SKF, NSK Ltd., Federal-Mogul Corporation, Rheinmetall Automotive AG, Melling Industries, Elgin Industries, Yuhuan Huiyu Tappets Co. Ltd., Crower Cams & Equipment Co., SSV Valves, Cloyes Gear and Products Inc., Howards Cams, Dura-Bond Bearing Company, SM Motorenteile GmbH.

Asia-Pacific was the largest region in the Automotive Tappet market in 2023. The regions covered in the automotive tappet market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the automotive tappet market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

An automotive tappet is a part of an internal combustion engine that translates the camshaft's rotational motion into linear movement to operate the engine valves. It serves as an intermediary between the camshaft and the valve stem, offering a smooth surface for the cam lobe to push against, thereby transferring motion to the valve.

Automotive tappets are primarily classified into flat tappets and roller tappets. Roller tappets, which are typically used in high-performance engines, enhance power output and fuel efficiency. Engine capacity analysis includes categories such as engines with fewer than 4 cylinders, 4-6 cylinders, and more than 6 cylinders. Common materials for tappets are steel and aluminum. These components are utilized in various vehicles, including heavy commercial and light-duty vehicles, and are distributed through channels such as original equipment manufacturers and the aftermarket.

The automotive tappet market research report is one of a series of new reports that provides automotive tappet market statistics, including automotive tappet industry global market size, regional shares, competitors with an automotive tappet market share, detailed automotive tappet market segments, market trends, and opportunities, and any further data you may need to thrive in the automotive tape industry. This automotive market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The automotive tappet market consists of sales of hydraulic tappets, solid tappets, adjustable tappets, mechanical tappets, and bucket tappets. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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