camshafts through electronic or mechanical linking systems. This in turn also enhances the
efficiency of the engines and performance through increasing the Revolutions per Minute (RPM).
Increasing adoption of VTEC or VVT is expected to drive growth of the automotive tappets market
over the forecast period, owing to its applications in camshafts.
Increasing sales of electric and hybrid vehicles is one of restraining factors for the
growth of the automotive tappet market
The increasing demand for electric vehicles and hybrid vehicles is one of the major factor
restraining the growth of the automotive tappet market. Electric vehicles offer great potential to
significantly reduce air pollution, greenhouse gas, and other hazardous gas emissions. These
electric vehicles do not require assembly of valves and tappet to enhance its engine
performance. Electric and hybrid vehicles are witnessing high consumer demand, owing to
reduction in environmental pollution and to enhanced vehicle efficiency. According to the
International Energy Agency (IEA), the landmark Paris Agreement around 600 million electric
vehicles will be on roads worldwide by 2040, to limit global warming to below 2°C (3.6°F). The
number of electric vehicle was pegged at 2 million in 2016. According to the Global EV Outlook
2017, report from the Paris-based IEA, plug-in and battery-powered vehicles are expected to
increase by 60% in 2017, worldwide. In the U.S., around 160,000 units of EV were sold in 2016,
with an increase of 37% from the previous year. Therefore, this factors are expected to hamper
the growth of the automotive tappet market.
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The flat tappets is estimated to be the largest segment during the forecast period.
The flat tappets segment is projected to account for the largest market share in the automotive
tappet market, owing to increasing demand for flat tappet due to its cost effective and fuel-
efficient characteristics, which is propelling its demand in economic and mid-priced vehicles as
well as commercial vehicles.
Global Automotive Tappet Market: Key Trends
High-performance vehicles or racing car engines require high RPM, a standard mechanical
camshaft that inadvertently impacts the output capacity of the engine. Thus camshaft
manufacturers are adopting new methods and technologies that help in converting the
conventional mechanical movements of the camshaft to dynamic cam rotations as per the
engine requirement. Therefore, automakers are inclined towards Hydraulic Flat Tapper Camshaft
(HFTC), a camshaft used in the high-performance vehicles. Hydraulic tappets camshafts work
with an internal cushion of pressurized oil. After initial preload at installation, a hydraulic