The report is now available on ASDreports,"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", The tappet market for automotive is projected to grow at a CAGR of 3.36% during the forecast period, from USD 7.77 Billion in 2017 to USD 10.11 Billion by 2025.
The key factor driving the growth of the tappet market for automotive is an increase in passenger vehicles production. Also, 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, drives the growth of the automotive tappet market.
The flat tappets segment is estimated to be the largest segment in the Tappet Market for Automotive
The flat tappets segment is estimated to have the largest share in the tappet market for automotive. The flat tappet is widely used in economic and mid-priced vehicles as well as commercial vehicles because of its cost-effectiveness and fuel-efficient characteristics. However, this market is projected to decline after 2022 because of the increasing adoption of battery electric vehicles, which do not have valves and tappets in their assembly.
<4 cylinders segment is estimated to be the fastest growing segment in the Tappet Market for Automotive
Stringent emission norms and growing trend of engine downsizing are propelling the growth of <4 cylinders segment of the global tappet market for automotive. The increasing number of economic priced vehicles is also fueling the growth of this segment as vehicles mostly use < 4 cylinders owing to their cost constraints.