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iCrowdNewswire Jan 25, 2021 5:00 AM ET

Automotive Tappet Market Synopsis 2021 | Global Demand, Size, Value Share, COVID-19 Pandemic Impact, Regional Analysis and Key Players Review by Forecast to 2023


Automotive Tappet Market Synopsis 2021 | Global Demand, Size, Value Share, COVID-19 Pandemic Impact, Regional Analysis and Key Players Review by Forecast to 2023

iCrowd Newswire - Jan 25, 2021

The automotive tappet market 2020 resonates strong potential. This tappet is a small but important cog in the valve technology that facilitates opening and closing of the valves. Efficient technologies have been introduced since years that support the expansion of the automotive tappet market growth by enhancing fuel efficiency. This report presents an assessment of the global automotive tappet market trends. It suggests that a steady CAGR is expected during the evaluation period 2017 to 2023.

The introduction if fuel-efficient technologies in the automotive industry are largely supported by governments as a measure to increase green footprint. Rising awareness about the carbon emissions is expected to boost demand for fuel-efficient auto components. These facts are anticipated to expand the automotive tappet market size over the next couple of years. In addition, the rising demand for automobiles is anticipated to boost the augmentation of the automotive tappet market in the forthcoming years.

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The demand for high-speed vehicles requires more valves than usual. It means that the number of tappets used is also more in these vehicles. Of late, a rise in demand for high-speed automobiles has been observed owing to rise in disposable income and increased standards of living. It is supposed to drive the proliferation of the automotive tappet market in the foreseeable future. Industry leaders are emphasizing on the varying valve timings to introduce fuel economy. This, in turn, resonates promising opportunities for the players in the automotive tappet market.

Market Segmentation

The type based segments of the automotive tappet market profiled in this report are flat and roller. Among these, the flat segment is anticipated to exercise dominance due to its rising applications in commercial vehicles and mid-sized passenger vehicles. It offers cost-effectiveness and fuel economy, which are poised to drive the expansion of the flat segment in the coming years.

On the basis of engine capacity, the segmentation of the automotive tappet market includes <4 cylinder, 4-6 cylinder, and >6 cylinder. Among these, the <4 cylinders segment is expected to exhibit dominance over the next few years due to rising demand for engine downsizing. Also, stringent emission norms being implemented and amended are prognosticated to support the growth of the segment in the foreseeable future.

Based on vehicle type, the segmental analysis of the automotive tappet market covered passenger car, HCV, and LCV.

Regional Analysis

The geographical assessment of the global automotive tappet market published in this MRFR profiles the following regional segments – North America, Asia-Pacific (APAC), Europe, and the Rest of the World (RoW). These regions are further studied to present a country-level assessment. It has been suggested in the report that the developing industries exhibit higher level of growth potential. Thus, Asia Pacific is expected to lead the automotive tappet market on the global level. Increasing economic development in emerging economies is poised to unleash developmental potential of the region. Increasing disposable income, in conjunction with rising middle-income population, is prognosticated to support the proliferation of the regional automotive tappet market. North America is assessed to hold the second spot. The growth of OEMs in the region is foreseen as a major driving factor.

Competitive Dashboard

Schaeffler (Germany), Eaton (Ireland), SKF (Sweden), Federal-Mogul (US), NSK (JapanCompetition Cams Inc. (U.S.), ), Crower Cams & Equipment Company, Inc. (U.S.), RSR Industries (India), SM Motorenteile GmbH (Germany), Jinan Hongjitang Pharmaceutical Co Ltd (China), Lunati (U.S.), Rane Engine Valve Limited (India), Yuhuan Huiyu Tappets Co. Ltd (China), Wuxi Xizhou Machinery Co., Ltd (China), and SSV Valve (India) are few of the eminent players holding substantial automotive tappet market share.

Key Questions Addressed by the Report

Table Of Contents

1 Executive Summary

2 Scope Of The Report

2.1 Market Definition

2.2 Scope Of The Study

2.2.1 Definition

2.2.2 Research Objective

2.2.3 Assumptions

2.2.4 Limitations

2.3 Research Process

2.3.1 Primary Research

2.3.2 Secondary Research

2.4 Market Size Estimation

2.5 Forecast Model

3 Market Landscape

3.1 Porter’s Five Forces Analysis

3.1.1 Threat Of New Entrants

3.1.2 Bargaining Power Of Buyers

3.1.3 Threat Of Substitutes

3.1.4 Segment Rivalry

3.1.5 Bargaining Power Of Buyers

3.2 Value Chain/Supply Chain Analysis

4 Market Dynamics

4.1 Introduction

4.2 Market Drivers

4.3 Market Restraints

4.4 Market Opportunities

4.5 Market Trends

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