DUBLIN--(BUSINESS WIRE)--The "Tappet Market for Automotive by Type (Flat, and Roller), End User (Economic, Mid-priced, and Luxury passenger cars), Engine Capacity (<4 cylinders, 4-6 cylinders, and >6 cylinders), Vehicle Type, and Region - Global Forecast to 2025" report has been added to Research and Markets' offering.
The global tappet market for automotive is projected to reach a market size of USD 10.11 billion by 2025, growing at a CAGR of 3.36% from 2017 to 2025.
The market growth is primarily driven by the growth of the commercial vehicles segment, which can be attributed to the improving business environment for fleet operators and a rise in demand from the construction and mining sectors. Also, the growth in passenger vehicles production directly impacts the growth of the automotive tappet market. On the other hand, the increasing popularity of electric and hybrid vehicles can hinder the growth of the tappet market for automotive.
The roller tappets segment is estimated to be the fastest growing segment of the tappets market for automotive in 2017. The growing trend of engine downsizing without compromising the performance of the engine is driving the market for roller tappets. Roller tappets enhance the performance of the engine by allowing faster as well as smoother opening and closing of the valve.
The 4-6 cylinders segment is estimated to hold the largest market share during the forecast period. A majority of the passenger cars, light commercial vehicles, and heavy commercial vehicles fall under this category. Also, stringent emission norms, growing trend of engine downsizing, and vehicle weight reduction are driving the growth of 4-6 cylinders segment in the automotive tappet market.
In 2017, Asia Pacific is estimated to be the largest regional market for automotive tappets. The Asia Pacific region is the largest market for automobiles and comprises emerging economies such as China and India along with developed nations such as Japan and South Korea. In recent years, the region has emerged as a hub for automobile production.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Technological Overview
7 Tappet Market for Automotive, By Type
8 Tappet Market for Automotive, By Engine Capacity
9 Tappet Market for Automotive, By End User
10 Tappet Market for Automotive, By Region
11 Competitive Landscape
12 Company Profiles
- Comp Cams
- Jinan Worldwide Auto-Accessory
- Otics Corporation
- Rane Engine Valve
- SM Motorenteile
For more information about this report visit https://www.researchandmarkets.com/research/phwmp5/tappet_flat_and?w=4
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Related Topics: Engines and Engine Parts