Global Automotive Tappet Market Analysis 2024, Forecast To 2033

The automotive tappet market size has grown steadily in recent years. It will grow from $8.55 billion in 2023 to $8.95 billion in 2024 at a compound annual growth rate (CAGR) of 4.6%. The growth in the historic period can be attributed to the growing adoption of hydraulic flat tappet camshaft (HFTC), rising demand for flat-tappet designs, increased production of hybrid vehicles, growth in battery-powered vehicles, and the rising demand for automobiles. The automotive tappet market size is expected to see strong growth in the next few years, growing to $10.89 billion in 2028 at a CAGR of 5.0%. The growth in the forecast period can be attributed to increasing sales of passenger vehicles, commercial vehicles, and electric vehicles, alongside a rising demand for fuel-efficient vehicles and growing aftermarket opportunities. Major trends in the forecast period include the adoption of variable valve timing (VVT) systems, advancements in lubricant technology, the development of cleaner technologies, technological advancements in hydraulic flat tappet camshafts, and the evolution of engine technologies.