Rising Demand for Fuel-Efficient and Highly Powered Vehicles among Customers to Propel the Growth of the Global Tappet Market by 2031

A tappet is a small, cylindrical, or conical component, usually made of hardened steel, that transfers the motion of the camshaft to the valve stem. The tappet rides on the camshaft’s lobes and translates the camshaft’s rotational motion into linear motion by opening and closing the engine’s valves. The primary function of a tappet is to act as a bridge between the camshaft to push against it, which in turn pushes the valve stem by opening and closing the valve. A tappet’s movement is synchronized with the camshaft’s rotation, ensuring precise valve timing and preventing the valve from floating at high engine speeds.   

Forecast Analysis of the Global Tappet Market

The rising demand for automobiles with an improved economy and power output among customers worldwide is expected to bolster the growth of the tappet market over the analysis timeframe. Moreover, the growing use of varying valve timing (VVT) technology in high-performance vehicles and racing cars is expected to fortify the growth of the market in the coming period. Additionally, the increasing advancement in technology regarding tappets, such as self-adjusting tappet technology to maintain optimum valve clearance and preserve fuel efficiency are the major factors expected to create expansive growth opportunities for the market during the forecast period. However, the rising popularity of electric and hybrid vehicles may hinder the growth of the market throughout the estimated period. 

According to the report published by Research Dive, the global tappet market is anticipated to generate a revenue of $11,318.0 million, growing at a CAGR of 3.2% over the analysis timeframe from 2022 to 2031. The major players of the market include Lunati, Eaton Corporation, Competition Cams, Inc., NSK Ltd., TRW, Schaeffler AG, AC Delco, Rane Engine Valve Limited, Federal-Mogul LLC., Wuxi Xizhou Machinery Co. Ltd., and many more.

Tappet Market Trends & Developments

The key companies operating in the industry are adopting various growth strategies & business tactics, such as partnerships, collaborations, mergers & acquisitions, and launches to maintain a robust position in the overall market, which is subsequently helping the global tappet market to grow exponentially. For instance:

• In December 2021, Eaton Corporation®, an American-Irish multinational power management company launched a completely new portfolio of “Variable Valve Actuation (VVA) technologies”, to majorly help commercial vehicle manufacturers meet the upcoming emissions regulations across China. These VVA solutions consisted of two main building blocks: a rocker with a switchable capsule and a split rocker for full deactivation. By combining these two blocks, various VVA strategies can be applied in virtually any engine architecture, cam-in-block engines, and engine displacement.
   
• In September 2022, Federal-Mogul TPR (India) Ltd., a leading manufacturer of world-class pistons, and piston rings announced its collaboration with Teikoku Piston Ring Co. Ltd., a well-established producer of lubricating oil. With this collaboration, the organizations aimed to provide advanced components to the automotive, heavy-duty, motorcycles, energy, industrial, power generation, railway & defense industries.
   
• In November 2022, Schaeffler AG, a leading global supplier to the automotive and industrial sectors, announced its acquisition of Ewellix Group, a market leader in multiple areas of technology, including electromechanical industrial actuators. With this acquisition, the companies aimed to take a step further in the diversification of their businesses as global automotive and industrial suppliers.

Most Profitable Region

The Europe region generated the highest revenue in 2021 and is predicted to be most profitable during the forecast period. The increasing use of automotive roller tappets in the vehicle system of this region and the rising funding for the development of commercial vehicles by the government of this region is expected to boost the regional growth of the market in the forecast period. Furthermore, the increasing investments in the manufacturing of commercial vehicles by the leading OEM producers of this region are predicted to thrive the growth of the Europe tappet market over the analysis period.  

Covid-19 Impact on the Global Tappet Market

The rise of the novel coronavirus has made several businesses standstill across the globe. It has also negatively impacted the global tappet market. This is mainly due to the disruption in the supply chain, closure of manufacturing plants, and economic slowdown across various countries. Moreover, the import-export restrictions have badly affected the leading tappet-producing nations. Furthermore, due to the shortage of raw materials and labor, the demand for tappets is reduced during the pandemic owing to the cancelation of several projects in the construction and automotive sector.