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Automotive Tappets Market Share

Report ID: GMI10802
Published Date: Aug 2024
Report Format: PDF

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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

Authors: Preeti Wadhwani, Satyam Jaiswal

Frequently Asked Questions (FAQ) :

The market size of automotive tappets reached USD 7.3 billion in 2023 and is set to register over 4% CAGR between 2024 and 2032, due to the increasing emphasis on fuel efficiency and emission reduction.

The roller segment held 60% revenue share in 2023, driven by their superior performance and durability compared to traditional flat tappets.

Asia Pacific market accounted for 36% revenue share in 2023, led by rising disposable incomes and increasing automotive ownership in countries.

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