Automotive Tappets Market Size - By Type (Flat Tappet, Roller Tappet), By Vehicle (Passenger Cars, Commercial vehicles), By Distribution Channel (OEMs, Aftermarket), By Material (Steel, Cast Iron, Aluminium Alloys), By End User & Forecast, 2024 - 2032

Automotive Tappets Market Size

Automotive Tappets Market size was valued at USD 7.3 billion in 2023 and is estimated to register a CAGR of over 4% between 2024 and 2032. The increasing emphasis on fuel efficiency and emission reduction is driving demand for advanced engine components. As automakers seek to enhance engine performance and comply with stringent environmental regulations, there is a growing need for innovative tappet technologies. This focus on optimizing engine efficiency and meeting regulatory standards fuels the demand for high-quality, durable tappets.
 

Furthermore, the growth of the industry is being driven by major players expanding into emerging markets. By setting up new production facilities and distribution networks worldwide, these companies are strategically positioned to cater to the surging demand for advanced engine components. This global expansion not only bolsters their market presence but also broadens their customer base for innovative tappets, thereby propelling the automotive tappets market growth.
 

For instance, in May 2023, Eaton actively expanded its eMobility operations across Europe to address the rising demand for electric vehicle (EV) solutions. This initiative involves setting up new production facilities and upgrading existing sites. Moreover, the rise in global vehicle production and sales is boosting the demand for engine components. As automakers increase output to meet growing consumer demand, the need for high-quality tappets in new engines intensifies. This surge in vehicle production drives the requirement for reliable and efficient tappets, supporting industry growth and the development of advanced engine technologies.
 

The growing adoption of electric vehicles globally poses a challenge due to the reduced use of traditional internal combustion engines, which do not require tappets. As electric vehicles become more prevalent, the demand for components designed for internal combustion engines, including tappets, decreases. This shift could lead to a decline in market opportunities for tappet manufacturers and suppliers, potentially affecting their revenue and growth prospects. Additionally, the automotive industry’s transition towards electric vehicles may lead to increased competition for resources and investment in alternative technologies, further impacting the traditional automotive component markets.
 

Automotive Tappets Market Trends

There is a shift towards the integration of advanced valve train technologies in modern engines. This evolution is driving demand for innovative tappets designed to enhance engine performance and efficiency. Manufacturers are focusing on developing tappets that support features such as variable valve timing and turbocharging, aligning with the industry's push for higher efficiency and reduced emissions.
 

For instance, in October 2023, SKF India launched an innovative initiative named "Open Innovation," designed to foster collaboration with startups, small and medium enterprises (SME), researchers, and universities. Partnering with IncubateHub, this initiative aims to harness India's dynamic startup ecosystem to develop sustainable solutions for the industrial and automotive sectors, addressing complex challenges and boosting competitiveness in these industries.
 

Moreover, the emphasis on reducing engine friction and improving fuel efficiency is leading to the adoption of specialized tappets. Manufacturers are increasingly incorporating advanced materials and designs, such as those found in roller tappets, to minimize friction and enhance engine longevity. This focus on optimizing engine components supports broader industry goals of improving overall vehicle performance and meeting stringent environmental standards.
 

Automotive Tappets Market Analysis

Based on type, the market is divided into flat tappet, and roller tappet. In 2023, the roller tappet segment accounted for a market share of over 60%. The increasing adoption of roller tappets is driven by their superior performance and durability compared to traditional flat tappets. Roller tappets reduce friction and wear, enhancing engine efficiency and longevity. This trend is particularly prominent in high-performance and luxury vehicles, where manufacturers seek to optimize engine output and reliability, leading to a growing preference for these advanced components.
 

Moreover, the rising focus on fuel efficiency and emission reduction is further boosting the demand for roller tappets. Their ability to improve engine efficiency by minimizing friction directly contributes to better fuel economy and lower emissions. This trend is encouraging manufacturers to incorporate roller tappets in a broader range of vehicles, aligning with regulatory standards and consumer expectations for greener technology.
 

Based on vehicle, the automotive tappets market is categorized into passenger cars, and commercial vehicles. The passenger cars segment accounted for around 69% of the market share in 2023. Advanced engine technologies are being increasingly adopted by passenger cars to boost fuel efficiency and performance. This shift is driving up the demand for sophisticated tappets, essential for variable valve timing and turbocharging systems. As the industry emphasizes an enhanced driving experience and adherence to stringent emission standards, there's a notable surge in the development and integration of high-quality tappets in today's passenger vehicles.
 

Moreover, the rising trend of hybrid and electric vehicles is reshaping the passenger car sector, prompting changes in tappet requirements. With manufacturers crafting more efficient internal combustion engines for hybrids, there's a growing demand for advanced tappets. These tappets not only bolster engine performance and durability but also facilitate the integration of cutting-edge technologies, striking a balance between efficiency and power output.
 

Asia Pacific dominated the global automotive tappets market, with a major share of over 36% in 2023. The rapid expansion of vehicle production in the Asia Pacific region is significantly driving the demand for engine components. Rising disposable incomes and increasing automotive ownership in countries such as China and India are leading to higher production volumes and a greater need for tappets. This trend highlights the region's pivotal role in the global automotive supply chain.
 

In Europe, particularly in the UK, Germany, France, Italy, and Spain, there is a growing focus on integrating advanced engine technologies to meet stringent environmental regulations. This drive for higher efficiency and reduced emissions is leading to increased demand for sophisticated tappets. The emphasis on innovation and high-performance engines is shaping the region's automotive component landscape.
 

In North America, the push for stricter emission standards are accelerating the adoption of advanced engine technologies. This regulatory drive is increasing the demand for high-performance tappets that enhance engine efficiency and reduce emissions. Automakers are investing in innovative solutions to comply with environmental regulations, influencing the component requirements and technological advancements in the region.
 

Automotive Tappets Market Share

Schaeffler AG, NSK Ltd., and SKF hold a significant market share of 12% in 2023. Leading companies are focusing on innovation to differentiate themselves in the market. Schaeffler AG, NSK Ltd., and SKF are investing in advanced tappet technologies, such as roller tappets and hydraulic lifters, to enhance engine performance and durability. Their emphasis on research and development aims to address evolving automotive needs and regulatory standards, positioning them as key players in providing high-quality, cutting-edge components.
 

To strengthen their market position, companies such as Schaeffler AG, NSK Ltd., and SKF are forming strategic partnerships and expanding their global footprint. By collaborating with automotive manufacturers and distributors, they aim to enhance their reach and influence in various regions. Their global expansion strategies include establishing production facilities and distribution networks, ensuring a steady supply of high-performance tappets to meet increasing demand across diverse markets.
 

Automotive Tappets Market Companies

Major players operating in the automotive tappets industry are:

• Schaeffler AG
• NSK Ltd.
• Eaton
• SKF
• OTICS Corporation
• Rane Engine Valve Limited
• ACDelco
   

Automotive Tappets Industry News

• In May 2024, Schaeffler and Siemens signed a memorandum of understanding (MoU) to advance the application of artificial intelligence (AI) in the industrial sector. The collaboration will focus on jointly developing digital solutions for the shop floor and AI applications, aiming to shape the future of digital production.
   
• In August 2023, Rane NSK Steering Systems announced a major strategic shift to boost its design and development capabilities in India. The Chairman of Rane Group highlighted this transition, noting that the company is dedicated to expanding its design and development activities locally. This strategy is intended to leverage regional expertise and resources to better cater to the automotive market.
   

The automotive tappets market research report includes in-depth coverage of the industry with estimates & forecasts in terms of revenue ($Bn) and shipment (Units) from 2021 to 2032, for the following segments:

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Market, By Type

• Flat Tappet
• Roller Tappet
  • Hydraulic Tappets
  • Mechanical Tappets

Market, By Vehicle

• Passenger Cars
  • Luxury
  • Mid-priced
  • Economy
• Commercial vehicles
  • Light duty
  • Heavy duty

Market, By Distribution Channel

• OEM (Original Equipment Manufacturer)
• Aftermarket

Market, By Material

• Steel
• Cast Iron
• Aluminium Alloys
• Other

Market, By End user

• Automobile Manufacturers
• Automotive Repair Shops and Garages
• Others

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Russia
  • Nordics
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Rest of Latin America
• MEA
  • South Africa
  • UAE
  • Saudi Arabia
  • Rest of MEA