Tappet Market - Industry Analysis, Market Size, Share, Trends,Application Analysis, Growth and Forecast 2020 - 2025

Report Code: AM 52729 Report Format: PDF + Excel (Delivery in 48 Hrs)

Tappet Market Forecast (2020- 2025)

Overview

The Tappet Market is forecast to reach $ 10 billion by 2025 growing at a CAGR of 3.64% during the forecast period 2020-2025. The growth of the Tappet Market can be attributed to the growth in passenger vehicles production coupled with rising demand for high performance vehicles. Increasing demand from the construction and mining sectors are also poised to aid the global tappet market growth. Furthermore, growing disposable income is contributing to the growth of the tappet market. Moreover, a growing automotive industry across the world and advancement in the tappet such as the introduction of Machined Tappets are projected to create various growth opportunities to the tappet market during the forecast period.

Key Takeaways

  • Roller tappets are estimated to be the fastest growing segment of the global market during the forecast period 2020-2025. The growing trend of engine downsizing without compromising the performance of the engine is driving the market for roller tappets.
  • Luxury passenger cars are estimated to be the fastest growing segment of the market, by end user type. The growth of this segment can be attributed to the rising purchasing power and demand for more powerful vehicles, particularly in the emerging economies.
  • The Asia-Pacific region is estimated to dominate the global tappet market with the highest CAGR during the forecast period.
  • Increasing adoption of electric vehicles may hamper the growth of the Tappet Market owing to stringent emission regulations set by governments of various countries.

Product Type - Segment Analysis

Hydraulic Tappets has been analyzed to attribute to the majority of shares in the global tappet market during the forecast period 2020-2025. The rising focus of OEM manufactures towards high output power and efficiency of cars has led to the higher adoption of hydraulic tappets in automobile like the Hydraulic Flat Tapper Camshaft (HFTC), a camshaft used in the high-performance vehicles. For instance, revenue in the Sports Cars market segment amounts to US$16,707m in 2019 in U.S alone. Hydraulic tappets are being increasingly utilized in diesel engines owing to their smooth and quiet working.

By Engine Capacity - Segment Analysis

On the basis of engine capacity, the 4-6 Cylinders engine segment dominates the global tappet market with the highest CAGR of 8.2% during the forecast period 2020-2025. Stringent emission regulations in several regions and the demand for high-performance vehicles with the smaller engine are the major factors driving the growth of the 4–6 cylinders segment. Moreover, the market growth is driven by an increase in passenger vehicles and commercial vehicle production which can be attributed to the improving business environment for fleet operators. Rise in demand for compact and mid-size vehicles in developing countries such as India, China, Japan and Brazil is projected to expand the 4-6 cylinder segment of the tappet market during the forecast period.

Geography - Segment Analysis

Asia Pacific is expected to dominate the global tappet market with the highest market share of 34% during the forecast period 2020-2025. The growing automotive industry and the presence of large manufactures of the automobile are the factors supporting the growth of tappet market particularly in countries like China and India. The demand for automotive tappets is directly linked to the vehicle production and consumer demand in this region. For Instance, in 2018, more than 47 million passenger cars were sold within the Asia Pacific region. Among the region, China is the biggest market with about 23.71 million cars sold in 2018.

Drivers –Tappet Market.

·         Increasing demand for high performances vehicles to boost the Tappet Market.

Major factor attributing to growth of the market is increasing demand for the racing cars and high performance cars such as BMW, Audi, and Volkswagen. For instance, the total number of BMW car sold in 2018, was 2.12 million units worldwide. These high performance automobiles and racing cars find substantial application of VVT technology. It enhances the performance through variation in the valve timings and changing the duration of the valves when the engine is in operation. Incorporation of VVT and lift electronic control (VTEC), which is an advanced vehicle technology, allows integration of multiple camshafts through electronic or mechanical linking systems. This in turn also enhances the efficiency of the engines and performance through increasing the Revolutions per Minute (RPM). Increasing adoption of VTEC or VVT is expected to drive growth of the automotive tappets market over the forecast period, owing to its applications in camshafts.

·         Technological advancements to aid the growth of tappet market.

The number of tappets are relative to the number of cylinders and the rise in demand for high power engines such as V-6, V-8 is boosting the usage of tappets in an engine. Expansion of the economy and increase in disposable income have propelled the high-speed engine vehicles market, which in turn is boosting the tappet market. Automakers have developed advanced valve technology such as Variable Valve Timing (VVT) by Toyota, VTech by Honda and MIVEC by Mitsubishi in order to maintain fuel economy of vehicles. The tappets are controlled by the ECU in order to vary the valve time and to delay or hold the valve function, which leads to proper combustion in the cylinder, thus minimizing emission and achieving fuel efficiency. Hydraulic tappets run quieter, operate effectively, and maintain valve clearance. The self-adjusting tappet technology and design to maintain optimal valve clearance is to hold the future market interest.

Challenges – Tappet Market.

·         Rising popularity of electric and hybrid vehicles to create hurdles for the Tappet Market.

The increasing demand for electric vehicles and hybrid vehicles is one of the major factor restraining the growth of the automotive tappet market. Electric vehicles offer great potential to significantly reduce air pollution, greenhouse gas, and other hazardous gas emissions. These electric vehicles do not require assembly of valves and tappet to enhance its engine performance. Electric and hybrid vehicles are witnessing high consumer demand, owing to reduction in environmental pollution and enhanced vehicle efficiency. According to the International Energy Agency (IEA), around 600 million electric vehicles will be on roads worldwide by 2040.

Market Landscape

Mergers and acquisitions along with investments are the key strategies adopted by the players in the Tappet Market. The top ten Players in the Tappet Market includes Eaton Corporation, NSK Ltd., Schaeffler AG, Federal-Mogul LLC., Rane Engine Valve Limited, Otics Operation, AC Delco, TRW, Competition Cams, Inc., and Lunati.

Expansions/ Acquisitions / Collaborations / R&D activities

Ø  In October 2018, Schaeffler India Ltd announced the completion of the merger of INA Bearings India Private Limited (“INA India”) and LuK India Private Limited (“LuK India”) with Schaeffler India Limited. Furthermore, Schaeffler inaugurated a new production hall at its state-of-the-art facility in Pune with an investment of 25 million euros. The new production facility will boost local manufacturing capabilities of Schaeffler group in India. It will manufacture engine and transmission components, serving the domestic and export markets.

Ø  In October 2018, Schaeffler announced its plan to invest €120 million (Rs 1,000 crore) in its Indian operations over the next three years, as it aims to more than double its business in India to over €1 billion, or Inr 8,300 crore, in the next five years.

1. Tappet Market - Overview
        1.1 Definitions and Scope
2. Tappet Market - Executive summary
        2.1 Market Revenue, Market Size and Key Trends by Company
        2.2 Key Trends by type of Application
        2.3 Key Trends segmented by Geography
3. Tappet Market
        3.1 Comparative analysis
            3.1.1 Product Benchmarking - Top 10 companies
            3.1.2 Top 5 Financials Analysis
            3.1.3 Market Value split by Top 10 companies
            3.1.4 Patent Analysis - Top 10 companies
            3.1.5 Pricing Analysis
4. Tappet Market - Startup companies Scenario Premium
        4.1 Top 10 startup company Analysis by
            4.1.1 Investment
            4.1.2 Revenue
            4.1.3 Market Shares
            4.1.4 Market Size and Application Analysis
            4.1.5 Venture Capital and Funding Scenario
5. Tappet Market - Industry Market Entry Scenario Premium
        5.1 Regulatory Framework Overview
        5.2 New Business and Ease of Doing business index
        5.3 Case studies of successful ventures
        5.4 Customer Analysis - Top 10 companies
6. Tappet Market Forces
        6.1 Drivers
        6.2 Constraints
        6.3 Challenges
        6.4 Porters five force model
            6.4.1 Bargaining power of suppliers
            6.4.2 Bargaining powers of customers
            6.4.3 Threat of new entrants
            6.4.4 Rivalry among existing players
            6.4.5 Threat of substitutes
7. Tappet Market -Strategic analysis
        7.1 Value chain analysis
        7.2 Opportunities analysis
        7.3 Product life cycle
        7.4 Suppliers and distributors Market Share
8. Tappet Market - By Product Type (Market Size -$Million / $Billion)
        8.1 Market Size and Market Share Analysis
        8.2 Application Revenue and Trend Research
        8.3 Product Segment Analysis
            8.3.1 Flat Tappets
            8.3.2 Roller Tappets
9. Tappet Market for Automotive By Engine Capacity (Market Size -$Million / $Billion)
9.1 <4 Cylinders 
        9.2 4–6 Cylinders 
        9.3 >6 Cylinders
10. Tappet Market for Automotive By End User (Market Size -$Million / $Billion)
        10.1 Economic Passenger Cars
        10.2 Luxury Passenger Cars
        10.3 Mid-Priced Passenger Cars
11. Tappet- By Geography (Market Size -$Million / $Billion)
        11.1 Tappet Market - North America Segment Research
        11.2 North America Market Research (Million / $Billion)
            11.2.1 Segment type Size and Market Size Analysis
            11.2.2 Revenue and Trends
            11.2.3 Application Revenue and Trends by type of Application
            11.2.4 Company Revenue and Product Analysis
            11.2.5 North America Product type and Application Market Size
                  11.2.5.1 U.S
                  11.2.5.2 Canada
                  11.2.5.3 Mexico
                  11.2.5.4 Rest of North America
        11.3 Tappet- South America Segment Research
        11.4 South America Market Research (Market Size -$Million / $Billion)
            11.4.1 Segment type Size and Market Size Analysis
            11.4.2 Revenue and Trends
            11.4.3 Application Revenue and Trends by type of Application
            11.4.4 Company Revenue and Product Analysis
            11.4.5 South America Product type and Application Market Size
                  11.4.5.1 Brazil
                  11.4.5.2 Venezuela
                  11.4.5.3 Argentina
                  11.4.5.4 Ecuador
                  11.4.5.5 Peru
                  11.4.5.6 Colombia
                  11.4.5.7 Costa Rica
                  11.4.5.8 Rest of South America
        11.5 Tappet- Europe Segment Research
        11.6 Europe Market Research (Market Size -$Million / $Billion)
            11.6.1 Segment type Size and Market Size Analysis
            11.6.2 Revenue and Trends
            11.6.3 Application Revenue and Trends by type of Application
            11.6.4 Company Revenue and Product Analysis
            11.6.5 Europe Segment Product type and Application Market Size
                  11.6.5.1 U.K
                  11.6.5.2 Germany
                  11.6.5.3 Italy
                  11.6.5.4 France
                  11.6.5.5 Netherlands
                  11.6.5.6 Belgium
                  11.6.5.7 Denmark
                  11.6.5.8 Spain
                  11.6.5.9 Rest of Europe
        11.7 Tappet - APAC Segment Research
        11.8 APAC Market Research (Market Size -$Million / $Billion)
            11.8.1 Segment type Size and Market Size Analysis
            11.8.2 Revenue and Trends
            11.8.3 Application Revenue and Trends by type of Application
            11.8.4 Company Revenue and Product Analysis
            11.8.5 APAC Segment - Product type and Application Market Size
                  11.8.5.1 China
                  11.8.5.2 Australia
                  11.8.5.3 Japan
                  11.8.5.4 South Korea
                  11.8.5.5 India
                  11.8.5.6 Taiwan
                  11.8.5.7 Malaysia
                  11.8.5.8 Hong kong
                  11.8.5.9 Rest of APAC
        11.9 Tappet - Middle East Segment and Africa Segment Research
        11.10 Middle East & Africa Market Research (Market Size -$Million / $Billion)
            11.10.1 Segment type Size and Market Size Analysis
            11.10.2 Revenue and Trend Analysis
            11.10.3 Application Revenue and Trends by type of Application
            11.10.4 Company Revenue and Product Analysis
            11.10.5 Middle East Segment Product type and Application Market Size
                  11.10.5.1 Israel
                  11.10.5.2 Saudi Arabia
                  11.10.5.3 UAE
            11.10.6 Africa Segment Analysis
                  11.10.6.1 South Africa
                  11.10.6.2 Rest of Middle East & Africa
12. Tappet Market - Entropy
        12.1 New product launches
        12.2 M&A s, collaborations, JVs and partnerships
13. Tappet Market - Industry / Segment Competition landscape Premium
        13.1 Market Share Analysis
            13.1.1 Market Share by Country- Top companies
            13.1.2 Market Share by Region- Top 10 companies
            13.1.3 Market Share by type of Application - Top 10 companies
            13.1.4 Market Share by type of Product / Product category- Top 10 companies
            13.1.5 Market Share at global level - Top 10 companies
            13.1.6 Best Practises for companies
14. Tappet Market - Key Company List by Country Premium
15. Tappet Market Company Analysis
        15.1 Market Share, Company Revenue, Products, M&A, Developments
        15.2 Comp Cams
        15.3 Eaton
        15.4 Federal-Mogul
        15.5 Lunati
15.6 NSK 
        15.7 Otics Corporation
        15.8 Rane Engine Valve
        15.9 Riken
15.10 SKF
        15.11 SM Motorenteile
        15.12 Schaeffler
        15.13 Company 12
        15.14 Company 13 & More
*Financials would be provided on a best efforts basis for private companies
16. Tappet Market - Appendix
        16.1 Abbreviations
        16.2 Sources
17. Tappet Market - Methodology
        17.1 Research Methodology
            17.1.1 Company Expert Interviews
            17.1.2 Industry Databases
            17.1.3 Associations
            17.1.4 Company News
            17.1.5 Company Annual Reports
            17.1.6 Application Trends
            17.1.7 New Products and Product database
            17.1.8 Company Transcripts
            17.1.9 R&D Trends
            17.1.10 Key Opinion Leaders Interviews
            17.1.11 Supply and Demand Trends

LIST OF TABLES

1.Global Tappet Market for Automotive By Type Market 2019-2024 ($M)
1.1 Flat Tappets Market 2019-2024 ($M) - Global Industry Research
1.2 Roller Tappets Market 2019-2024 ($M) - Global Industry Research
2.Global Tappet Market for Automotive By Engine Capacity Market 2019-2024 ($M)
3.Global Tappet Market for Automotive By End User Market 2019-2024 ($M)
3.1 Economic Passenger Cars Market 2019-2024 ($M) - Global Industry Research
3.2 Luxury Passenger Cars Market 2019-2024 ($M) - Global Industry Research
3.3 Mid-Priced Passenger Cars Market 2019-2024 ($M) - Global Industry Research
4.Global Tappet Market for Automotive By Type Market 2019-2024 (Volume/Units)
4.1 Flat Tappets Market 2019-2024 (Volume/Units) - Global Industry Research
4.2 Roller Tappets Market 2019-2024 (Volume/Units) - Global Industry Research
5.Global Tappet Market for Automotive By Engine Capacity Market 2019-2024 (Volume/Units)
6.Global Tappet Market for Automotive By End User Market 2019-2024 (Volume/Units)
6.1 Economic Passenger Cars Market 2019-2024 (Volume/Units) - Global Industry Research
6.2 Luxury Passenger Cars Market 2019-2024 (Volume/Units) - Global Industry Research
6.3 Mid-Priced Passenger Cars Market 2019-2024 (Volume/Units) - Global Industry Research
7.North America Tappet Market for Automotive By Type Market 2019-2024 ($M)
7.1 Flat Tappets Market 2019-2024 ($M) - Regional Industry Research
7.2 Roller Tappets Market 2019-2024 ($M) - Regional Industry Research
8.North America Tappet Market for Automotive By Engine Capacity Market 2019-2024 ($M)
9.North America Tappet Market for Automotive By End User Market 2019-2024 ($M)
9.1 Economic Passenger Cars Market 2019-2024 ($M) - Regional Industry Research
9.2 Luxury Passenger Cars Market 2019-2024 ($M) - Regional Industry Research
9.3 Mid-Priced Passenger Cars Market 2019-2024 ($M) - Regional Industry Research
10.South America Tappet Market for Automotive By Type Market 2019-2024 ($M)
10.1 Flat Tappets Market 2019-2024 ($M) - Regional Industry Research
10.2 Roller Tappets Market 2019-2024 ($M) - Regional Industry Research
11.South America Tappet Market for Automotive By Engine Capacity Market 2019-2024 ($M)
12.South America Tappet Market for Automotive By End User Market 2019-2024 ($M)
12.1 Economic Passenger Cars Market 2019-2024 ($M) - Regional Industry Research
12.2 Luxury Passenger Cars Market 2019-2024 ($M) - Regional Industry Research
12.3 Mid-Priced Passenger Cars Market 2019-2024 ($M) - Regional Industry Research
13.Europe Tappet Market for Automotive By Type Market 2019-2024 ($M)
13.1 Flat Tappets Market 2019-2024 ($M) - Regional Industry Research
13.2 Roller Tappets Market 2019-2024 ($M) - Regional Industry Research
14.Europe Tappet Market for Automotive By Engine Capacity Market 2019-2024 ($M)
15.Europe Tappet Market for Automotive By End User Market 2019-2024 ($M)
15.1 Economic Passenger Cars Market 2019-2024 ($M) - Regional Industry Research
15.2 Luxury Passenger Cars Market 2019-2024 ($M) - Regional Industry Research
15.3 Mid-Priced Passenger Cars Market 2019-2024 ($M) - Regional Industry Research
16.APAC Tappet Market for Automotive By Type Market 2019-2024 ($M)
16.1 Flat Tappets Market 2019-2024 ($M) - Regional Industry Research
16.2 Roller Tappets Market 2019-2024 ($M) - Regional Industry Research
17.APAC Tappet Market for Automotive By Engine Capacity Market 2019-2024 ($M)
18.APAC Tappet Market for Automotive By End User Market 2019-2024 ($M)
18.1 Economic Passenger Cars Market 2019-2024 ($M) - Regional Industry Research
18.2 Luxury Passenger Cars Market 2019-2024 ($M) - Regional Industry Research
18.3 Mid-Priced Passenger Cars Market 2019-2024 ($M) - Regional Industry Research
19.MENA Tappet Market for Automotive By Type Market 2019-2024 ($M)
19.1 Flat Tappets Market 2019-2024 ($M) - Regional Industry Research
19.2 Roller Tappets Market 2019-2024 ($M) - Regional Industry Research
20.MENA Tappet Market for Automotive By Engine Capacity Market 2019-2024 ($M)
21.MENA Tappet Market for Automotive By End User Market 2019-2024 ($M)
21.1 Economic Passenger Cars Market 2019-2024 ($M) - Regional Industry Research
21.2 Luxury Passenger Cars Market 2019-2024 ($M) - Regional Industry Research
21.3 Mid-Priced Passenger Cars Market 2019-2024 ($M) - Regional Industry Research

LIST OF FIGURES

1.US Tappet Market Revenue, 2019-2024 ($M)
2.Canada Tappet Market Revenue, 2019-2024 ($M)
3.Mexico Tappet Market Revenue, 2019-2024 ($M)
4.Brazil Tappet Market Revenue, 2019-2024 ($M)
5.Argentina Tappet Market Revenue, 2019-2024 ($M)
6.Peru Tappet Market Revenue, 2019-2024 ($M)
7.Colombia Tappet Market Revenue, 2019-2024 ($M)
8.Chile Tappet Market Revenue, 2019-2024 ($M)
9.Rest of South America Tappet Market Revenue, 2019-2024 ($M)
10.UK Tappet Market Revenue, 2019-2024 ($M)
11.Germany Tappet Market Revenue, 2019-2024 ($M)
12.France Tappet Market Revenue, 2019-2024 ($M)
13.Italy Tappet Market Revenue, 2019-2024 ($M)
14.Spain Tappet Market Revenue, 2019-2024 ($M)
15.Rest of Europe Tappet Market Revenue, 2019-2024 ($M)
16.China Tappet Market Revenue, 2019-2024 ($M)
17.India Tappet Market Revenue, 2019-2024 ($M)
18.Japan Tappet Market Revenue, 2019-2024 ($M)
19.South Korea Tappet Market Revenue, 2019-2024 ($M)
20.South Africa Tappet Market Revenue, 2019-2024 ($M)
21.North America Tappet By Application
22.South America Tappet By Application
23.Europe Tappet By Application
24.APAC Tappet By Application
25.MENA Tappet By Application
26.Schaeffler, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Eaton, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Federal-Mogul, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Rane Engine Valve, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Otics Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Riken, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Comp Cams, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.SM Motorenteile, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Lunati, Sales /Revenue, 2015-2018 ($Mn/$Bn)