Automotive Valve Tappet Market: Trends, outlook and Opportunity Analysis 2020 - 2030

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Automotive Valve Tappet Market: Introduction

  • Valve tappet is a metal component situated between the camshaft and engine valve, which allows motion of the engine intake & exhaust valves. The valve tappet varies in thickness to establish a clearance between the cam and the bucket. The valve tappet is a critical engine component that enables the valves to fully close/open and maintain a necessary position for efficient functioning of the engine. The automotive valve tappet witnesses high demand due to its use in all internal combustion engine powered vehicles.

Key Drivers of Automotive Valve Tappet Market

  • Rise in sales of inline 6 and V-engine vehicles is driving the sales of valve tappet. Higher number of cylinders per engine require a higher number of valve tappets. Increase in consumer affordability and youth preference for powerful engine vehicles with high capacity engines is projected to drive the automotive valve tappet market during the forecast period.
  •  Sales of premium and luxury vehicles, which were earlier concentrated in North America & Europe are rising in countries in Asia Pacific such as China, India, and ASEAN which is set to boost the automotive valve tappet market

Challenges of Automotive Valve Tappet Market

  • Battery powered electric vehicles do not incorporate valve tappets, as the drive to the wheels is powered by an electric motor. Rise in sales and shift of preference of the auto industry toward electrification are likely to hamper the automotive valve tappet market.
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OEM segment to hold leading share of the global Automotive Valve Tappet market

  • The OEM segment held a leading share of the global automotive valve tappet market in 2019. Valve tappets are OE fitted in the production line during engine assembly and hence, the OEM segment holds a dominant share of the global automotive valve tappet market. Valve tappets are generally replaced in the aftermarket due to repairs required in case of accidents or valve leak/burn. Therefore, the aftermarket segment accounted for a considerable share of the global automotive tappet valve market.

Asia Pacific to hold dominant share of global automotive valve tappet market

  • Asia Pacific held a dominant share of the global automotive valve tappet market in 2019. China, Japan, and India contribute to high vehicle production and consequently, contribute to high demand for the automotive valve tappet.
  • The market in Latin America & Middle East & Africa is expected to expand at a high growth rate owing to an increase in vehicle production in Mexico, Brazil, Morocco, Iran, and Turkey.

Key Players Operating in Automotive Valve Tappet Market

The global automotive valve tappet market is expanding consistently, as a large number of players operate in the market. A few of the key players operating in the global automotive valve tappet market are:
  • AC Delco
  • Hylift Johnson
  • SM Motorenteile GmbH
  • Tenneco Inc.
  • Aarti Forging
  • GNUTII CARLO S.p.A.
  • Wanyu
  • Rongpeng
  • Zhenrui

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