by The global Automotive Roller Tappets Market is estimated to be valued at US$9.18 Bn in 2023 and is expected to exhibit a CAGR of 3.9% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Automotive roller tappets are components used in internal combustion engines in vehicles to open and close the engine valves at precise timings. They assist in the conversion of rotary motion of the camshaft into linear motion required for opening and closing of valves. Roller tappets have advantages over flat tappets such as reduced friction, noise, and increased engine life. With rising vehicle production worldwide, demand for engine components including tappets is increasing. According to projections, global vehicle production is expected to grow at over 3% annually during the forecast period, driving demand for automotive roller tappets.
Market key trends:
One of the key trends in the automotive roller tappets market is the development of high durability roller tappets suited for modern engines. With new engine technologies featuring lower friction, tighter tolerances, and higher revolutions, tappet design and material upgrades are required to withstand increased stresses. Leading manufacturers are focused on developing roller tappets with advanced metallurgy, heat treatment, and surface coatings to improve wear resistance and longevity. Another trend is the growing popularity of 3D printed tappets. 3D printing allows complex customization of tappet geometry for optimized valve operation and fuel efficiency. It also reduces material wastage and production time compared to conventional casting or machining.
Porter’s Analysis
Threat of new entrants: The automotive roller tappets market requires high initial capital investment and has well-established players, making entry difficult for new players.
Bargaining power of buyers: Buyers have moderate bargaining power due to availability of substitute components and various options available from key players.
Bargaining power of suppliers: Suppliers have low to moderate bargaining power due to availability of substitutes and focus of OEMs on maintaining inventory levels.
Threat of new substitutes: Threat of substitution is moderate as there are no direct replacements available for roller tappets in engine applications.
Competitive rivalry: The market is highly competitive due to presence of global and regional players focusing on performance, quality and cost.
Key Takeaways
The global automotive roller tappets market is expected to witness growth at a CAGR of 3.9% over the forecast period, driven by increasing automotive production globally.
Regional analysis: Asia Pacific dominates the global market and is expected to grow at the fastest rate during the forecast period. This can be attributed to high vehicle production in China and India. Europe and North America are also significant markets holding sizable shares.
Key players analysis: Key players operating in the automotive roller tappets market are Schaeffler AG (Germany), SKF (Sweden), Eaton (Ireland), Federal-Mogul (U.S.) NSK Ltd. (Japan), Crower Cams & Equipment Company, Inc. (U.S.), COMP Cams. (U.S.), SM Motor Parts GmbH (Germany), lunatipower.com. (U.S.), RANE ENGINE VALVE LIMITED (India), Wuxi Xizhou Machinery Co., Ltd. (China), Yuhuan Huiyu Tappets Co. Ltd (China), RSR Industries (India), and SSV Technocrates. (India). Players are focusing on new product development and expansion in emerging markets
