Product Code: GVR-4-68040-361-3
Tappet Market Size & Trends
The global tappet market size was estimated at USD 8.69 billion in 2023 and is projected to grow at a CAGR of 3.5% from 2024 to 2030. Tappets play a critical role in internal combustion engines, where they facilitate the precise operation of valves by translating the rotational motion of the camshaft into a vertical movement to open and close engine valves at the correct timing.
The automotive sector remains the primary driver of the market. As global demand for automobiles continues to rise, particularly in emerging economies, there is a proportional increase in the need for engine components like tappets, also known as cam followers or valve lifters. These are crucial in controlling valve operation, ensuring precise timing and efficient engine performance. With advancements in vehicle design focusing on fuel efficiency, emission reduction, and performance enhancement, there is a growing demand for high-quality tappets that meet these stringent requirements.
The transportation industry is witnessing growth due to the rising population and increasing per capita income, leading to rising demand for transportation facilities. The demand for niche and luxury cars is also rising due to changing consumer preferences and interests. Moreover, consumers are inclined toward vehicles with variations in shapes, automobile bodies, and styles. This has led to technological developments in the manufacturing of different types of vehicles, which, in turn, act as a growth driver for the transportation industry.
Moreover, continuous innovation in engine technology is another factor influencing market growth. Modern engines increasingly adopt variable valve timing (VVT) and cylinder deactivation technologies, which require more sophisticated and durable tappets. These advancements aim to improve engine efficiency and power output and reduce emissions, necessitating tappets capable of precise and reliable operation under varying conditions.
Beyond automotive applications, tappets are essential in various industrial machinery such as generators, agricultural equipment, construction machinery, and marine engines. The expanding industrial sectors, driven by infrastructure development, agriculture mechanization, and industrial automation, contribute to the demand for robust, high-performance tappets. Industrial applications often require tappets that can endure heavy-duty operations and harsh environments, further boosting market growth.
Global Tappet Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global tappet market report based on product, end use, and region:
- Product Outlook (Revenue, USD Million, 2018 - 2030)
- Flat Tappet
- Roller Tappet
- End Use Outlook (Revenue, USD Million, 2018 - 2030)
- Heavy Commercial Vehicle
- Light Duty Vehicle
- Regional Outlook (Revenue, USD Million, 2018 - 2030)
- North America
U.S.
Canada
Mexico
Germany
UK
France
Italy
Spain
China
India
Japan
South Korea
Brazil
Saudi Arabia
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Research Methodology
- 1.2. Research Scope & Assumption
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook, 2023 (USD Million)
- 2.2. Segmental Outlook
- 2.3. Competitive Insights
Chapter 3. Tappet Market Variables, Trends & Scope
- 3.1. Market Ancillary Outlook
- 3.2. Industry Value Chain Analysis
- 3.3. Regulatory Framework
- 3.4. Market Dynamics
- 3.4.1. Market Driver Analysis
- 3.4.2. Market Restraint Analysis
- 3.4.3. Industry Challenges
- 3.5. Business Environmental Tools Analysis: Tappet Market
- 3.5.1. Porter's Five Forces Analysis
- 3.5.1.1. Bargaining Power of Suppliers
- 3.5.1.2. Bargaining Power of Buyers
- 3.5.1.3. Threat of Substitution
- 3.5.1.4. Threat of New Entrants
- 3.5.1.5. Competitive Rivalry
- 3.5.2. PESTLE Analysis, by SWOT
- 3.5.2.1. Political Landscape
- 3.5.2.2. Economic Landscape
- 3.5.2.3. Social Landscape
- 3.5.2.4. Technology Landscape
- 3.5.2.5. Environmental Landscape
- 3.5.2.6. Legal Landscape
- 3.5.3. Market Disruption Analysis
Chapter 4. Tappet Market: Product Estimates & Trend Analysis
- 4.1. Key Takeaways
- 4.2. Product Movement Analysis & Market Share, 2023 & 2030
- 4.3. Global Tappet Market By Product, 2018 - 2030 (USD Million)
- 4.4. Flat Tappet
- 4.4.1. Flat Tappet Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 4.5. Roller Tappet
- 4.5.1. Roller Tappet Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Chapter 5. Tappet Market: End Use Estimates & Trend Analysis
- 5.1. Key Takeaways
- 5.2. End Use Movement Analysis & Market Share, 2023 & 2030
- 5.3. Global Tappet Market By End Use, 2018 - 2030 (USD Million)
- 5.4. Heavy Commercial Vehicle
- 5.4.1. Tappet Market Estimates & Forecasts, by Heavy Commercial Vehicle, 2018 - 2030 (USD Million)
- 5.5. Light Duty Vehicle
- 5.5.1. Tappet Market Estimates & Forecasts, by Light Duty Vehicle, 2018 - 2030 (USD Million)
Chapter 6. Tappet Market: Regional Estimates & Trend Analysis
- 6.1. Key Takeaways
- 6.2. Regional Market Share Analysis, 2023 & 2030
- 6.3. North America
- 6.3.1. North America Tappet Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.3.2. North America Tappet Market Estimates & Forecasts, By Product, 2018 - 2030 (USD Million)
- 6.3.3. North America Tappet Market Estimates & Forecasts, By End Use, 2018 - 2030 (USD Million)
- 6.3.4. U.S.
- 6.3.4.1. U.S. Tappet market estimates & forecasts, 2018 - 2030 (USD Million)
- 6.3.4.2. U.S. Tappet Market Estimates & Forecasts, By Product, 2018 - 2030 (USD Million)
- 6.3.4.3. U.S. Tappet Market Estimates & Forecasts, By End Use, 2018 - 2030 (USD Million)
- 6.3.5. Canada
- 6.3.5.1. Canada Tappet Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 6.3.5.2. Canada Tappet Market Estimates & Forecasts, By Product, 2018 - 2030 (USD Million)
- 6.3.5.3. Canada Tappet Market Estimates & Forecasts, By End Use, 2018 - 2030 (USD Million)
- 6.3.6. Mexico
- 6.3.6.1. Mexico Tappet Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 6.3.6.2. Mexico Tappet Market Estimates & Forecasts, By Product, 2018 - 2030 (USD Million)
- 6.3.6.3. Mexico Tappet Market Estimates & Forecasts, By End Use, 2018 - 2030 (USD Million)
- 6.4. Europe
- 6.4.1. Europe Tappet Market Estimates & Forecasts, 2018 - 2030 (USD Million
- 6.4.2. Europe Tappet Market Estimates & Forecasts, By Product, 2018 - 2030 (USD Million)
- 6.4.3. Europe Tappet Market Estimates & Forecasts, By End Use, 2018 - 2030 (USD Million)
- 6.4.4. Germany
- 6.4.4.1. Germany Tappet Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 6.4.4.2. Germany Tappet Market Estimates & Forecasts, By Product, 2018 - 2030 (USD Million)
- 6.4.4.3. Germany Tappet Market Estimates & Forecasts, By End Use, 2018 - 2030 (USD Million)
- 6.4.5. UK
- 6.4.5.1. UK Tappet Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 6.4.5.2. UK Tappet Market Estimates & Forecasts, By Product, 2018 - 2030 (USD Million)
- 6.4.5.3. UK Tappet Market Estimates & Forecasts, By End Use, 2018 - 2030 (USD Million)
- 6.4.6. France
- 6.4.6.1. France Tappet Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 6.4.6.2. France Tappet Market Estimates & Forecasts, By Product, 2018 - 2030 (USD Million)
- 6.4.6.3. France Tappet Market Estimates & Forecasts, By End Use, 2018 - 2030 (USD Million)
- 6.4.7. Italy
- 6.4.7.1. Italy Tappet Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 6.4.7.2. Italy Tappet Market Estimates & Forecasts, By Product, 2018 - 2030 (USD Million)
- 6.4.7.3. Italy Tappet Market Estimates & Forecasts, By End Use, 2018 - 2030 (USD Million)
- 6.4.8. Spain
- 6.4.8.1. Spain Tappet Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 6.4.8.2. Spain Tappet Market Estimates & Forecasts, By Product, 2018 - 2030 (USD Million)
- 6.4.8.3. Spain Tappet Market Estimates & Forecasts, By End Use, 2018 - 2030 (USD Million)
- 6.5. Asia Pacific
- 6.5.1. Asia Pacific Tappet Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 6.5.2. Asia Pacific Tappet Market Estimates & Forecasts, By Product, 2018 - 2030 (USD Million)
- 6.5.3. Asia Pacific Tappet Market Estimates & Forecasts, By End Use, 2018 - 2030 (USD Million)
- 6.5.4. China
- 6.5.4.1. China Tappet Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 6.5.4.2. China Tappet Market Estimates & Forecasts, By Product, 2018 - 2030 (USD Million)
- 6.5.4.3. China Tappet Market Estimates & Forecasts, By End Use, 2018 - 2030 (USD Million)
- 6.5.5. India
- 6.5.5.1. India Tappet Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 6.5.5.2. India Tappet Market Estimates & Forecasts, By Product, 2018 - 2030 (USD Million)
- 6.5.5.3. India Tappet Market Estimates & Forecasts, By End Use, 2018 - 2030 (USD Million)
- 6.5.6. Japan
- 6.5.6.1. Japan Tappet Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 6.5.6.2. Japan Tappet Market Estimates & Forecasts, By Product, 2018 - 2030 (USD Million)
- 6.5.6.3. Japan Tappet Market Estimates & Forecasts, By End Use, 2018 - 2030 (USD Million)
- 6.5.7. South Korea
- 6.5.7.1. South Korea Tappet Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 6.5.7.2. South Korea Tappet Market Estimates & Forecasts, By Product, 2018 - 2030 (USD Million)
- 6.5.7.3. South Korea Tappet Market Estimates & Forecasts, By End Use, 2018 - 2030 (USD Million)
- 6.6. Central & South America
- 6.6.1. Central & South America Tappet Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 6.6.2. Central & South America Tappet Market Estimates & Forecasts, By Product, 2018 - 2030 (USD Million)
- 6.6.3. Central & South America Tappet Market Estimates & Forecasts, By End Use, 2018 - 2030 (USD Million)
- 6.6.4. Brazil
- 6.6.4.1. Brazil Tappet Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 6.6.4.2. Brazil Tappet Market Estimates & Forecasts, By Product, 2018 - 2030 (USD Million)
- 6.6.4.3. Brazil Tappet Market Estimates & Forecasts, By End Use, 2018 - 2030 (USD Million)
- 6.7. Middle East & Africa
- 6.7.1. Middle East & Africa Tappet Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 6.7.2. Middle East & Africa Tappet Market Estimates & Forecasts, By Product, 2018 - 2030 (USD Million)
- 6.7.3. Middle East & Africa Tappet Market Estimates & Forecasts, By End Use, 2018 - 2030 (USD Million)
- 6.7.4. Saudi Arabia
- 6.7.4.1. Saudi Arabia Tappet Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 6.7.4.2. Saudi Arabia Tappet Market Estimates & Forecasts, By Product, 2018 - 2030 (USD Million)
- 6.7.4.3. Saudi Arabia Tappet Market Estimates & Forecasts, By End Use, 2018 - 2030 (USD Million)
Chapter 7. Competitive Landscape
- 7.1. Recent Developments & Impact Analysis, By Key Market Participants
- 7.2. Key Company/Competition Categorization
- 7.3. Company Market Position Analysis
- 7.4. Company Heat Map Analysis
- 7.5. Company Listing
- 7.5.1. Eaton Corporation
- 7.5.1.1. Company Overview
- 7.5.1.2. Financial Performance
- 7.5.1.3. Product Benchmarking
- 7.5.1.4. Strategic Initiatives
- 7.5.2. NSK Ltd.
- 7.5.2.1. Company Overview
- 7.5.2.2. Financial Performance
- 7.5.2.3. Product Benchmarking
- 7.5.2.4. Strategic Initiatives
- 7.5.3. Schaeffler AG
- 7.5.3.1. Company Overview
- 7.5.3.2. Financial Performance
- 7.5.3.3. Product Benchmarking
- 7.5.3.4. Strategic Initiatives
- 7.5.4. Federal-Mogul LLC.
- 7.5.4.1. Company Overview
- 7.5.4.2. Financial Performance
- 7.5.4.3. Product Benchmarking
- 7.5.4.4. Strategic Initiatives
- 7.5.5. Rane Engine Valve Limited
- 7.5.5.1. Company Overview
- 7.5.5.2. Financial Performance
- 7.5.5.3. Product Benchmarking
- 7.5.5.4. Strategic Initiatives
- 7.5.6. Wuxi Xizhou Machinery Co. Ltd
- 7.5.6.1. Company Overview
- 7.5.6.2. Financial Performance
- 7.5.6.3. Product Benchmarking
- 7.5.6.4. Strategic Initiatives
- 7.5.7. AC Delco
- 7.5.7.1. Company Overview
- 7.5.7.2. Financial Performance
- 7.5.7.3. Product Benchmarking
- 7.5.7.4. Strategic Initiatives
- 7.5.8. TRW
- 7.5.8.1. Company Overview
- 7.5.8.2. Financial Performance
- 7.5.8.3. Product Benchmarking
- 7.5.8.4. Strategic Initiatives
- 7.5.9. Competition Cams, Inc.
- 7.5.9.1. Company Overview
- 7.5.9.2. Financial Performance
- 7.5.9.3. Product Benchmarking
- 7.5.9.4. Strategic Initiatives
- 7.5.10. SKF
- 7.5.10.1. Company Overview
- 7.5.10.2. Financial Performance
- 7.5.10.3. Product Benchmarking
- 7.5.10.4. Strategic Initiatives