Summary - A new market study, titled “ Global Tappet market for automotive Market Size study with COVID-19 impact, by Type (Flat tappets and roller tappets), by Engine Capacity (<4 Cylinders, 4–6 Cylinders and >6 Cylinders), by End user (Economic Passenger Cars, Luxury Passenger Cars and Mid-Priced Passenger Cars) and Regional Forecasts 2020-2027” has been featured on Wise Guy Reports.
Global Tappet market for automotive Market is valued approximately USD 7.62 Billion in 2019 and is anticipated to grow with a healthy growth rate of more than 3.36% over the forecast period 2020-2027. Tappets are also referred as valve lifter or cam follower. It is a component that interposed between the tappet lifting mechanism and camshaft lobe.
The tappet assists in passing the linear motion to different components of the vehicle. It is universally used in inner combustion engine, as it's far used for adjusting the overall clearance inside the valve actuation machine, which in turn, lets in the camshaft to transport vertically whilst rotating the camshaft inside the vertical movement. The global pandemic of covid-19 adversely affected the growth of market due to the slow down in production and supply of essential components and automotive parts in various regions such as China, India, Europe, and United states etc. Many governments announced lockdown in their economies to limit the spread of coronavirus which leads to the shut down of manufacturing factories and transportations. Whereas, the market is expected to driver over the upcoming years due to the increase in demand of high performance and luxury vehicles where it combined with variable valve timing & enhances the performance through variation in the valve timings and changing the duration of the valves when the engine is in operation. For instance: as per Statista, the global market size of luxury car was USD 562.59 billion and is grown to USD 625.11 billion in 2019. In addition, rise in production of automobiles is the factor attributing the market growth over the forthcoming period. However, growing demand for camless actuations is the factor hampering the market growth.
The regional analysis of global Tappet market for automotive Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the rise in adoption of luxury vehicle in the region. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as rise in production of automobiles across the region would create lucrative growth prospects for the Tappet market for automotive Market across Asia-Pacific region.
Major market player included in this report are:
Rane Engine Valve
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Type offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Engine Capacity:
By Crop Type:
Economic Passenger Cars
Luxury Passenger Cars
Mid-Priced Passenger Cars
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027
Target Audience of the Global Tappet market for automotive Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers
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