Published Date: 28-Feb-2023
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According to a new report, published by KBV research, The Global Tappet Market size is expected to reach $10.3 billion by 2028, rising at a market growth of 3.3% CAGR during the forecast period.
The Luxury Passenger Cars segment is showcasing a CAGR of 3.5% during (2022 - 2028). The need for more powerful automobiles and increased buying power, especially in developing markets, are responsible for this segment's growth. In addition to this, rising disposable income of people is resulting in increased affordability among them, thereby growing demand for luxury cars.
The <4 Cylinders segment is generating highest revenue share om the Global Tappet Market by Engine Capacity 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $4.85 billion by 2028. The need for high-performance cars with smaller engines and strict emission laws in certain places are the main drivers behind the rise of the 4-cylinder market. Additionally, a more robust economic climate for fleet operators is contributing to the increase in the manufacturing of passenger and commercial vehicles, which is driving market development.
The Roller segment has shown the growth rate of 5.4% during (2022 - 2028). The rising trend of downsizing engines is driving the market for roller tappets without sacrificing their performance. Small wheels at the bottom of roller tappets ride on the camshaft to minimize fiction. Conversely, the bottom of convectional tappets is flat. The disadvantage of roller tappets is, however, their increased cost.
The Light Duty Vehicles segment acquired maximum revenue share in the Global Tappet Market by Vehicle Type 2021 thereby, achieving a market value of $6.5 billion by 2028. Light passenger vehicles are automobiles with less than ten seats intended for human transportation; they do not include buses or motorbikes (two- and three-wheeled vehicles) (10 or more seats). Passenger cars and light trucks are examples of light vehicles. Light commercial vehicles, large trucks, coaches, and buses are all considered commercial vehicles.
The Europe market dominated the Global Tappet Market by Region 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $3.4 billion by 2028. The North America market is exhibiting a CAGR of 2.9% during (2022 - 2028). Additionally, The Asia Pacific market would showcase a CAGR of 4% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/tappet-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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).
By End User
By Engine Capacity
By Vehicle Type
Unique Offerings from KBV Research
North America Tappet Market size & Opportunities 2022-2028
Europe Tappet Market & Growth Forecast 2022-2028
Asia Pacific Tappet Market Share & Industry Outlook to 2028