July 10, 2019

Tappet Market for Automotive worth 10.11 Billion USD by 2025

According to the market research report Tappet Market for Automotive by Type (Flat, and Roller), End User (Economic, Mid-priced, and Luxury passenger cars), Engine Capacity (<4 cylinders, 4-6 cylinders, and >6 cylinders), Vehicle Type, and Region - Global Forecast to 2025. The research methodology used in the report involves primary and secondary sources and follows a bottom-up approach for the purpose of data triangulation.

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The flat tappets segment is estimated to be the largest segment in the Tappet Market for Automotive

The flat tappets segment is estimated to have the largest share in the tappet market for automotive. The flat tappet is widely used in economic and mid-priced vehicles as well as commercial vehicles because of its cost-effectiveness and fuel-efficient characteristics. However, this market is projected to decline after 2022 because of the increasing adoption of battery electric vehicles, which do not have valves and tappets in their assembly.

<4 cylinders segment is estimated to be the fastest growing segment in the Tappet Market for Automotive

Stringent emission norms and growing trend of engine downsizing are propelling the growth of <4 cylinders segment of the global tappet market for automotive. The increasing number of economic priced vehicles is also fueling the growth of this segment as vehicles mostly use < 4 cylinders owing to their cost constraints.

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 Asia Pacific: Largest region in Tappets Market for Automotive

Asia Pacific is estimated to be the largest and fastest growing market for automotive tappets, in terms of volume and value. The Asia Pacific region is estimated to be the most promising market for automotive tappet in the next five years. This region, which is known for small and cost-effective cars, has witnessed higher growth than the matured markets of Europe and North America. The market growth can be attributed to the low production cost and easy availability of cheap labor in the region. The rise in automotive production is positively impacting the automotive tappet market in the region.

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