Market Overview:
Automotive roller tappets are components in an internal combustion engine that converts the rotational motion of the crankshaft into linear motion of the valves. Roller tappets provide smooth functioning of engine valves by reducing friction and improving fuel efficiency.
Market key trends:
One of the key trends in the automotive roller tappets market is the increasing demand for fuel efficient vehicles. With stringent emission norms and rising fuel costs, automakers are focusing on improving engine efficiency. Roller tappets help reduce friction in engine and improve fuel efficiency as compared to flat tappets. The low friction tappets result in improved acceleration and performance of vehicles. Furthermore, technological advancements such as introduction of super finishing technology by manufacturers is aiding to develop roller tappets with extremely fine surface finish for minimal friction and longer service life.
Market key trends:
One of the key trends in the automotive roller tappets market is the increasing demand for fuel-efficient vehicles. Roller tappets help improve engine efficiency by reducing friction, which enhances fuel economy. With rising fuel costs and stringent emission norms, automakers are focusing on lightweight components that can boost vehicle performance while using less fuel. The growing adoption of roller tappets which have lower friction than flat tappets is expected to drive market growth over the forecast period.
SWOT Analysis
Strength: Roller tappets have lower friction than flat tappets, helping improve engine efficiency.
Weakness: Higher costs than flat tappets which can impact adoption.
Opportunity: Stringent emission regulations are increasing demand for efficient engine components. Developing low-cost roller tappets can expand market reach.
Threats: Shift towards electric vehicles poses a threat to components used in internal combustion engines.
Key Takeaways
The global automotive roller tappets market is expected to witness high growth, exhibiting CAGR of 3.9% over the forecast period, due to increasing demand for fuel-efficient vehicles. The market size for automotive roller tappets was valued at US$9.18Bn in 2023.
Regional analysis: Asia Pacific dominated the global market in 2023 and is expected to continue its lead during the forecast period. Growing vehicle production in China and India is driving demand for roller tappets in the region.
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)
_________________________________________________________________________
Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. With an MBA in E-commerce, she has an expertise in SEO-optimized content that resonates with industry professionals.