Global Tappets Market Overview:
The tappet is a part of the valve train that follows the camshaft to make it easier to open and close valves. The plunger is a small element that converts the rotary motion of the cam into linear motion to open and close the engine valve. Strict emission pressures and the demand for improved fuel economy are driving the market for tappets. The number of lifters is relative to the number of cylinders and the increasing demand for high-performance engines like V-6, V-8 increases the use of lifters in an engine. The expansion of the economy and the increase in disposable income have boosted the market for high-speed motor vehicles, which in turn stimulated the market for lifters. A drop in crude oil prices has made fuel-consuming engines like V-6 and V-8 affordable. This in turn increases the demand for such vehicles, which in turn drives the demand for tappets. The increase in the number of first-time buyers in the Asia-Pacific region and in Latin America is driving passenger car production in these regions and thus the tappet market. The lifters are controlled by the ECU to vary the valve timing and to retard or hold the valve function, resulting in proper combustion in the cylinder, thereby minimizing emissions and achieving fuel efficiency. Hydraulic valve lifters run more quietly, work effectively, and maintain valve clearance. The self-adjusting tappet technology and design to maintain optimal valve clearance will keep future market interest.
Growth Drivers
- Growing Automotive Industry Worldwide
- Increasing Demand for High-Performance Vehicles
Roadblocks
- The Increasing Sales of Electric Vehicles
- High Cost Incurred in the Manufacturing of Roller Lifters
Opportunities
- The Growth Opportunities from Developing Countries
Challenges
- The Problem of Tappet Noise Is a Big Concern
Competitive Landscape:
The companies are exploring the market by adopting expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain a competitive advantage through combined collaborations.
Some of the key players profiled in the report are Cams Inc. (United States), Schaeffler Technologies (Germany), Eaton Corporation Inc. (United States), NSK Ltd (Japan), Federal-Mogul Corporation (United States), SM Motorenteile GmbH (Germany), RIKEN (Japan), Rane Holdings Limited (United States), OTICS Corporation (Japan) and Lunati cams Inc. (United States). Analyst at AMA Research see United States Vendors to retain maximum share of Global Tappets market by 2026. Considering Market by Engine Capacity, the sub-segment i.e. <4 Cylinders will boost the Tappets market.
Latest Market Insights:
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. In addition, Schaeffler has inaugurated a new production hall at the ultra-modern location in Pune with an investment of 25 million euros. The new production facility will strengthen the Schaeffler Group's local manufacturing capacities in India. It will manufacture engine and transmission components and serve the domestic and export markets.
In October 2018, Schaeffler announced that it would invest 120 million euros (1,000 billion rupees) in its Indian business over the next three years, increasing its business in India to over 1 billion over the next five years.
What Can be Explored with the Tappets Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Tappets Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Tappets
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Tappets market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Tappets market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Tappets Manufacturers, Tappets Raw Material Suppliers, Tappets Traders/Distributors, Tappets Importer/Exporter, Original Equipment Manufacturers, Regulatory & Government Bodies, End Users and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.