Select Language
The latest report by IMARC Group, titled “Automotive Tappets Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” finds that the global automotive tappets market exhibited moderate growth during 2015-2020. An automotive tappet, also known as a cam follower or valve lifter, is a small automotive component installed between the camshaft lobe and the tappet lifting mechanism. The main parts of a tappet include a plunger cavity and spring, compression chamber and barrel, non-return valve, and plunger. They help in transferring motion from one part of the machine to another, particularly in internal-combustion engines. In recent years, the demand for automotive tappets has gained traction as they improve the efficiency, power output, performance and revolution per minute (RPM) of the vehicles.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Automotive Tappets Market Trends:
The market is primarily driven by the increasing demand for and production of automobiles across the globe. In addition, the growing inclination of consumers toward high-efficiency vehicles has prompted manufacturers to launch innovative and improved automotive components in the market. These innovations also include the introduction of hydraulic tappets, which do not require servicing throughout the lifecycle of the engine. Furthermore, automotive tappets are employed in racing cars to function with proper coordination and accurate timing without affecting the engine. Besides this, the inflating manufacturing and labor costs have encouraged roller tappet producers based in the US and Europe to shift their operations to developing countries. On account of these factors, IMARC Group expects the market to grow at a CAGR of around 4% during the forecast period (2021-2026).
Market Summary:
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact Us
IMARC Group
Tel no: +1-631-791-1145
Email: sales@imarcgroup.com
Website: https://www.imarcgroup.com
REACH OUT TO US
Call us on
( US: +1-631-791-1145 )
( UK: +44-753-713-2163 )
( India: +91-120-433-0800 )
Drop us an email at
sales@imarcgroup.com