North America Tappet Market Size, Share & Industry Trends Analysis Report By End User, By Engine Capacity (<4 Cylinders, 4-6 Cylinders and >6 Cylinders), By Type (Flat and Roller), By Vehicle Type, By Country and Growth Forecast, 2022 - 2028

Market Report Description

The North America Tappet Market would witness market growth of 2.9% CAGR during the forecast period (2022-2028).

High RPM is necessary for high-performance automobiles or racing car engines, which unintentionally reduces the engine's output. As a result, camshaft producers are using new techniques and technologies to transform the traditional mechanical motions of the camshaft into dynamic cam rotations following engine demands. Therefore, the hydraulic flat tapper camshaft (HFTC), a camshaft utilized in high-performance automobiles, is preferred by manufacturers.

Camshafts with hydraulic tappets operate with an internal oil cushion under pressure. A hydraulic camshaft & tappets combination adjusts itself automatically after installing the first preload. The HFTC offers 6,500 rpm, which helps the engine run more efficiently compared to a standard camshaft. Because of this, HFTC is now more often used than traditional camshafts.

The region's automotive demand is continuously changing due to growing quantities of trade in commodities and resources, increasing globalization of value chains, developments in driving technology, and a focus on driver and passenger safety. The transportation industry directly affects Canadians' safety, security, economic, and social well-being by transporting enormous and increasing quantities of people and products. Until November 2021, there were around 25 million registered road cars in Canada. Consequently, there will be tremendous development potential for the suppliers in the North American tappet market as the region's demand for automobiles grows.

The US market dominated the North America Tappet Market by Country 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $2,070.6 million by 2028. The Canada market is poised to grow at a CAGR of 5.2% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 4.3% during (2022 - 2028).

Based on End User, the market is segmented into Economic Passenger Cars, Luxury Passenger Cars and Mid-priced Passenger Cars. Based on Engine Capacity, the market is segmented into <4 Cylinders, 4-6 Cylinders and >6 Cylinders. Based on Type, the market is segmented into Flat and Roller. Based on Vehicle Type, the market is segmented in to Light Duty Vehicles and Heavy Commercial Vehicles. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

Free Valuable Insights: The Global Tappet Market is Estimated to reach $10.3 Billion by 2028, at a CAGR of 3.3%

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Eaton Corporation PLC, NSK Ltd., Schaeffler AG, Otics Corporation, Tenneco, Inc. (Federal-Mogul Holdings), Rane Engine Valve Limited (Rane Holdings Limited), Wuxi Xizhou Machinery Co. Ltd., GM Holden Ltd (ACDelco), ZF Friedrichshafen AG (TRW), and COMP Cams (Edelbrock Group).

Scope of the Study

Market Segments Covered in the Report:

By End User

• Economic Passenger Cars
• Luxury Passenger Cars
• Mid-priced Passenger Cars

By Engine Capacity

• <4 Cylinders
• 4-6 Cylinders
• >6 Cylinders

By Type

• Flat
• Roller

By Vehicle Type

• Light Duty Vehicles
• Heavy Commercial Vehicles

By Country

• US
• Canada
• Mexico
• Rest of North America

Key Market Players

List of Companies Profiled in the Report:

• Eaton Corporation PLC
• NSK Ltd.
• Schaeffler AG
• Otics Corporation
• Tenneco, Inc. (Federal-Mogul Holdings)
• Rane Engine Valve Limited (Rane Holdings Limited)
• Wuxi Xizhou Machinery Co. Ltd.
• GM Holden Ltd (ACDelco)
• ZF Friedrichshafen AG (TRW)
• COMP Cams (Edelbrock Group)