Automotive Tappet Market Report, Global Industry Analysis, Market Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030

  • Published Date: Jan, 2024
  • Report ID: CR0186461
  • Format: Electronic (PDF)
  • Number of Pages: 179
  • Author(s): Joshi, Madhavi

Report Overview

The Automotive Tappet Market size was estimated at USD 3.5 billion in 2023 and is projected to reach USD 6.2 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 8.50% during the forecast period (2024-2030).

Automotive Tappet Market

(Market Size)
$3.5 billion
$6.2 billion
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 8.50%
2023 Market Size USD 3.5 billion
2030 Market Size USD 6.2 billion
Key Players Schaeffler, Eaton, Federal-Mogul, NSK, SM Motorenteile

Market Summary

The automotive tappet market is a critical segment within the broader automotive components industry, primarily serving the internal combustion engine landscape. Tappets, also referred to as cam followers or lifters, are precision components situated between the camshaft and the valve stem. Their primary function is to transfer motion from the camshaft to open and close engine valves with precise timing, which is fundamental for optimal engine performance, fuel efficiency, and emission control. The market is characterized by a consistent demand driven by global vehicle production and the extensive existing vehicle parc requiring maintenance and replacement parts. While the rise of electric vehicles presents a long-term challenge, the current dominance of internal combustion engines, including hybrids, ensures a stable demand base. The market is highly competitive, with key players continuously investing in research and development to introduce advanced, lightweight, and durable products that reduce noise, minimize wear, and enhance overall engine longevity. The industry is also influenced by stringent global emission norms, which compel automakers to adopt more efficient engine designs, thereby influencing tappet technology and materials.

Key Highlights

A key highlight of the automotive tappet market is the significant technological evolution from basic mechanical tappets to advanced hydraulic and roller tappets. This progression is a direct response to the automotive industry's relentless pursuit of higher engine efficiency, reduced noise, vibration, and harshness (NVH), and compliance with stricter emission standards. Hydraulic tappets are widely adopted for their ability to self-adjust valve lash, eliminating the need for manual adjustments and ensuring consistent performance over the engine's lifespan. Roller tappets offer the advantage of reduced friction compared to flat-face designs, contributing directly to improved fuel economy. Another prominent highlight is the intense focus on material science, with manufacturers utilizing advanced alloys and surface treatments like diamond-like carbon (DLC) coatings to enhance durability and wear resistance. The market is also witnessing a strategic consolidation, with major players engaging in mergers and acquisitions to expand their product portfolios and geographic footprint. Furthermore, the robust aftermarket sector represents a vital revenue stream, sustained by the perpetual need for replacement parts in the millions of vehicles on the road worldwide.

Drivers, Opportunities & Restraints

The growth of the automotive tappet market is propelled by several key drivers. The most significant is the sustained global production of passenger and commercial vehicles equipped with internal combustion engines. The increasing stringency of emission regulations, such as Euro 6 and BS-VI, forces automakers to refine engine components for greater efficiency, directly boosting the demand for advanced tappets that contribute to cleaner combustion. The expanding global vehicle parc also ensures a consistent and growing aftermarket demand for replacement tappets. A primary opportunity lies in the development and commercialization of tappets specifically designed for new, high-efficiency engine architectures, including turbocharged and hybrid systems. The integration of lightweight materials presents another avenue for innovation and market differentiation. However, the market faces considerable restraints. The most profound long-term threat is the accelerating transition towards electric vehicles, which do not require traditional camshafts and tappets. This technological shift could eventually erode the core market. Furthermore, fluctuations in raw material prices, such as specialized steel alloys, can impact manufacturing costs and profit margins. Intense market competition also pressures companies to continuously innovate while managing costs effectively.

Concentration Insights

The global automotive tappet market exhibits a landscape of concentrated competition, dominated by a mix of large multinational corporations and specialized component manufacturers. Esteemed players such as Schaeffler AG, Eaton Corporation, SM Motorenteile GmbH, Lunati, and Rane Engine Valve Limited hold significant market shares. These established entities benefit from extensive research and development capabilities, longstanding relationships with major original equipment manufacturers (OEMs), and robust, globally integrated supply chains. Their dominance is reinforced by their ability to offer a comprehensive portfolio of products, including flat tappets, hydraulic lifters, and roller tappets, catering to diverse engine requirements. The market also includes a substantial number of smaller, regional players that primarily serve the aftermarket segment, often competing on price and localized distribution networks. The concentration is further characterized by strategic activities; leading companies frequently engage in mergers, acquisitions, and partnerships to acquire new technologies, expand their customer base, and strengthen their presence in emerging markets. This creates a high barrier to entry for new participants, solidifying the position of incumbent leaders.

Type Insights

The automotive tappet market is segmented by type, primarily into flat tappets, roller tappets, and hydraulic tappets, each serving distinct applications and offering unique advantages. Flat tappets represent a traditional and cost-effective design, featuring a flat interface that slides against the camshaft lobe. While economical, they are associated with higher friction and wear compared to more advanced types. Roller tappets incorporate a small roller bearing at the point of contact with the camshaft. This design significantly reduces friction, leading to improved fuel efficiency, higher engine RPM capabilities, and enhanced power output. The reduction in friction also contributes to lower wear on both the tappet and the camshaft, promoting greater engine longevity. Hydraulic tappets are self-adjusting components that use engine oil pressure to automatically maintain zero valve lash. This eliminates the need for manual valve adjustments, reduces engine noise, and ensures consistent valve timing throughout the engine's operational life. The choice of tappet type is a critical engineering decision influenced by the desired balance between performance, cost, durability, and application-specific requirements.

Application Insights

In terms of application, the automotive tappet market is broadly divided into OEM (Original Equipment Manufacturer) and aftermarket segments. The OEM segment involves the direct supply of tappets to automobile manufacturers for installation in new vehicles during production. This segment is highly demanding, requiring components that meet precise technical specifications, rigorous quality standards, and just-in-time delivery schedules. Suppliers to OEMs work in close collaboration with automotive engineers to develop custom solutions for new engine platforms. The aftermarket segment, conversely, caters to the replacement needs of vehicles already in operation. This includes sales to repair shops, distributors, and retailers. Demand in the aftermarket is driven by factors such as vehicle age, average mileage, and the wear-and-tear of engine components. Tappets are often replaced during major engine repairs or overhauls. The aftermarket is a vital and resilient sector, as it is less susceptible to fluctuations in new vehicle sales cycles and is sustained by the massive global vehicle parc. Both segments are essential, with the OEM segment driving technological innovation and the aftermarket providing a steady, long-term revenue stream.

Regional Insights

The demand for automotive tappets demonstrates distinct regional patterns influenced by factors such as automotive production volumes, industrialization levels, and vehicle ownership rates. The Asia-Pacific region stands as the largest and fastest-growing market, a status driven predominantly by the massive automotive industries in China and India. These countries are global hubs for vehicle manufacturing and have a vast and growing population of vehicle owners, fueling both OEM and aftermarket demand. North America and Europe represent mature markets characterized by high vehicle ownership and a strong culture of vehicle maintenance. These regions have a significant demand for high-performance and replacement tappets, supported by a well-established network of distributors and repair facilities. Stringent emission standards in Europe and North America also push the adoption of advanced tappet technologies. Emerging economies in Latin America and the Middle East & Africa present growing opportunities, albeit from a smaller base, as industrialization and urbanization lead to increased vehicle sales and a expanding vehicle fleet requiring maintenance.

Company Insights

The competitive landscape of the automotive tappet market features several prominent companies that have established strong reputations for quality and innovation. Schaeffler AG, operating through its INA and FAG brands, is a global leader in precision engine components, including a wide array of roller and hydraulic tappets. Eaton Corporation is another major force, known for its valvetrain products and engineering expertise in providing solutions that enhance engine performance and efficiency. SM Motorenteile GmbH, a German specialist, has a strong focus on the aftermarket, offering high-quality replacement tappets and engine components. Lunati, a performance-oriented American company, is renowned for its high-end roller tappets and camshaft kits designed for the racing and high-performance automotive sector. Rane Engine Valve Limited, based in India, is a significant player, particularly in the Asian market, supplying components to both OEMs and the aftermarket. These companies compete on factors including product performance, durability, technological innovation, price competitiveness, and the strength of their global distribution and customer support networks.

Recent Developments

The automotive tappet market is continuously evolving, with recent developments focused on addressing the dual challenges of enhancing engine efficiency and preparing for industry transitions. A significant trend is the increased investment in research and development to create ultra-low-friction tappet designs. This includes refining roller tappet geometries and applying advanced coatings like Diamond-Like Carbon (DLC) to minimize wear and energy loss within the valvetrain, directly contributing to reduced fuel consumption and CO2 emissions. Furthermore, companies are developing specialized tappet solutions for new engine technologies, such as those used in variable valve timing (VVT) and cylinder deactivation systems, which are becoming standard for meeting emission norms. In response to the electric vehicle trend, some traditional tappet manufacturers are diversifying their portfolios, investing in adjacent technologies or components that may have applications in both internal combustion and electric powertrains. Strategic market movements continue, with key players engaging in acquisitions to bolster their technological capabilities and expand their reach into growing regional markets, ensuring they remain competitive in a changing automotive landscape.

Report Segmentation

This comprehensive market research report on the automotive tappet industry provides a detailed analysis segmented across multiple dimensions to offer a granular view of the market dynamics. The report is systematically divided to cover all critical aspects. The segmentation by type provides an in-depth analysis of flat tappets, roller tappets, and hydraulic tappets, examining the adoption trends, advantages, and market share for each variant. The application segmentation delivers insights into the distinct characteristics of the OEM and aftermarket channels, including demand drivers, growth patterns, and key purchasing factors for each. Furthermore, the report includes a thorough regional analysis, breaking down the market into key geographical areas such as North America, Europe, Asia-Pacific, and the Rest of the World. This regional segmentation assesses the unique market conditions, growth potential, and competitive environment in each area. This multi-faceted segmentation allows stakeholders to identify specific growth pockets, understand niche application demands, and formulate targeted strategies for product development, marketing, and sales.

FAQs

What is an automotive tappet? An automotive tappet, also known as a lifter or cam follower, is a component in an internal combustion engine that sits between the camshaft and the valve stem. Its function is to transfer the rotational motion of the camshaft into linear motion to open and close the engine's valves at precise intervals.

What are the symptoms of a bad tappet? Common symptoms of a failing or faulty tappet include a distinct ticking or tapping noise emanating from the engine's top end, especially during startup or acceleration. Other signs can involve poor engine performance, misfires, reduced power and fuel efficiency, and in severe cases, damage to the camshaft itself.

What are the different types of tappets? The primary types of tappets are flat tappets, roller tappets, and hydraulic tappets. Flat tappets have a flat surface that contacts the camshaft. Roller tappets use a roller to reduce friction. Hydraulic tappets use oil pressure to automatically adjust valve lash, eliminating manual adjustments.

How does a hydraulic tappet work? A hydraulic tappet operates using engine oil pressure. It contains a piston and a spring within an oil-filled chamber. As the camshaft rotates, the oil pressure adjusts the piston's position to automatically compensate for any clearance or lash between the valve stem and the tappet, ensuring quiet and consistent operation.

What causes a tappet to fail? Tappet failure can be caused by several factors, including a lack of lubrication due to low or dirty engine oil, foreign material or debris entering the valvetrain, excessive wear from high mileage, using incorrect or poor-quality oil, or a failure of the internal mechanism in hydraulic lifters.

Can you drive with a noisy tappet? While a vehicle may still be drivable with a noisy tappet for a short period, it is not recommended. The noise indicates a problem, such as inadequate lubrication or excessive wear, which can lead to further and more serious damage to the camshaft, valves, or other engine components if not addressed promptly.

Citius Research has developed a research report titled “Automotive Tappet Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” delivering key insights regarding business intelligence and providing concrete business strategies to clients in the form of a detailed syndicated report. The report details out the factors such as business environment, industry trend, growth opportunities, competition, pricing, global and regional market analysis, and other market related factors.

Details included in the report for the years 2024 through 2030

• Automotive Tappet Market Potential
• Segment-wise breakup
• Compounded annual growth rate (CAGR) for the next 6 years
• Key customers and their preferences
• Market share of major players and their competitive strength
• Existing competition in the market
• Price trend analysis
• Key trend analysis
• Market entry strategies
• Market opportunity insights

The report focuses on the drivers, restraints, opportunities, and challenges in the market based on various factors geographically. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report. The Automotive Tappet Market report is segmented on the basis of various market segments and their analysis, both in terms of value and volume, for each region for the period under consideration.

Automotive Tappet Market Segmentation

Market Segmentation

Regions Covered

• North America
• Latin America
• Europe
• MENA
• Asia Pacific
• Sub-Saharan Africa and
• Australasia

Automotive Tappet Market Analysis

The report covers below mentioned analysis, but is not limited to:

• Overview of Automotive Tappet Market
• Research Methodology
• Executive Summary
• Market Dynamics of Automotive Tappet Market
  • Driving Factors
  • Restraints
  • Opportunities
• Global Market Status and Forecast by Segment A
• Global Market Status and Forecast by Segment B
• Global Market Status and Forecast by Segment C
• Global Market Status and Forecast by Regions
• Upstream and Downstream Market Analysis of Automotive Tappet Market
• Cost and Gross Margin Analysis of Automotive Tappet Market
• Automotive Tappet Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030
  • Competition Landscape
  • Market Share of Major Players
• Key Recommendations

The “Automotive Tappet Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” report helps the clients to take business decisions and to understand strategies of major players in the industry. The report delivers the market driven results supported by a mix of primary and secondary research. The report provides the results triangulated through authentic sources and upon conducting thorough primary interviews with the industry experts. The report includes the results on the areas where the client can focus and create point of parity and develop a competitive edge, based on real-time data results.

Automotive Tappet Market Key Stakeholders

Below are the key stakeholders for the Automotive Tappet Market:

• Manufacturers
• Distributors/Traders/Wholesalers
• Material/Component Manufacturers
• Industry Associations
• Downstream vendors

Automotive Tappet Market Report Scope

Report AttributeDetails
Base year2023
Historical data2018 – 2023
Forecast2024 - 2030
CAGR2024 - 2030
Quantitative UnitsValue (USD Million)
Report coverageRevenue Forecast, Competitive Landscape, Growth Factors, Trends and Strategies. Customized report options available on request
Segments coveredProduct type, technology, application, geography
Regions coveredNorth America, Latin America, Europe, MENA, Asia Pacific, Sub-Saharan Africa and Australasia
Countries coveredUS, UK, China, Japan, Germany, India, France, Brazil, Italy, Canada, Russia, South Korea, Australia, Spain, Mexico and others
Customization scopeAvailable on request
PricingVarious purchase options available as per your research needs. Discounts available on request

COVID-19 Impact Analysis

Like most other markets, the outbreak of COVID-19 had an unfavorable impact on the Automotive Tappet Market worldwide. This report discusses in detail the disruptions experienced by the market, the impact on flow of raw materials, manufacturing operations, production trends, consumer demand and the projected future of this market post pandemic.

The report has helped our clients:

• To describe and forecast the Automotive Tappet Market size, on the basis of various segmentations and geography, in terms of value and volume
• To measure the changing needs of customers/industries
• To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the market
• To gain competitive intelligence and uncover new opportunities
• To analyse opportunities in the market for stakeholders by identifying high-growth segments in Automotive Tappet Market
• To strategically profile key players and provide details of the current competitive landscape
• To analyse strategic approaches adopted by players in the market, such as product launches and developments, acquisitions, collaborations, contracts, expansions, and partnerships

Report Customization

Citius Research provides free customization of reports as per your need. This report can be personalized to meet your requirements. Get in touch with our sales team, who will guarantee you to get a report that suits your necessities.

Customize This Report

Frequently Asked Questions

The Global Automotive Tappet Market size was valued at $XX billion in 2023 and is anticipated to reach $XX billion by 2030 growing at a CAGR of XX%
The global Automotive Tappet Market is expected to grow at a CAGR of XX% from 2023 to 2030.
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Table of Contents

Chapter 1. Introduction
  1.1. Market Scope
  1.2. Key Segmentations
  1.3. Research Objective
Chapter 2. Research Methodology & Assumptions
Chapter 3. Executive Summary
Chapter 4. Market Background
  4.1. Dynamics
    4.1.1. Drivers
    4.1.2. Restraints
    4.1.3. Opportunity
    4.1.4. Challenges
  4.2. Key Trends in the Impacting the Market
    4.2.1. Demand & Supply
  4.3. Industry SWOT Analysis
  4.4. Porter’s Five Forces Analysis
  4.5. Value and Supply Chain Analysis
  4.6. Macro-Economic Factors
  4.7. COVID-19 Impact Analysis
    4.7.1. Global and Regional Assessment
  4.8. Profit Margin Analysis
  4.9. Trade Analysis
    4.9.1. Importing Countries
    4.9.2. Exporting Countries
  4.10. Market Entry Strategies
  4.11. Market Assessment (US$ Mn and Units)
Chapter 5. Global Automotive Tappet Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment A
  5.1. By Segment A, 2024 - 2030
    5.1.1. Sub-Segment A
    5.1.2. Sub-Segment B
  5.2. Opportunity Analysis
Chapter 6. Global Automotive Tappet Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment B
  6.1. By Segment B, 2024 - 2030
    6.1.1. Sub-Segment A
    6.1.2. Sub-Segment B
  6.2. Opportunity Analysis
Chapter 7. Global Automotive Tappet Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment C
  7.1. By Segment C, 2024 - 2030
    7.1.1. Sub-Segment A
    7.1.2. Sub-Segment B
  7.2. Opportunity Analysis
Chapter 8. Global Automotive Tappet Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Region
  8.1. By Region, 2024 - 2030
    8.1.1. North America
    8.1.2. Latin America
    8.1.3. Europe
    8.1.4. MENA
    8.1.5. Asia Pacific
    8.1.6. Sub-Saharan Africa
    8.1.7. Australasia
  8.2. Opportunity Analysis
Chapter 9. North America Automotive Tappet Market Forecast and Trend Analysis
  9.1. Regional Overview
  9.2. Pricing Analysis
  9.3. Key Trends in the Region
    9.3.1. Supply and Demand
  9.4. Demographic Structure
  9.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    9.5.1. Sub-Segment A
    9.5.2. Sub-Segment B
  9.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    9.6.1. Sub-Segment A
    9.6.2. Sub-Segment B
  9.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    9.7.1. Sub-Segment A
    9.7.2. Sub-Segment B
  9.8. By Country, 2024 - 2030, (US$ Mn and Units)
    9.8.1. U.S.
    9.8.2. Canada
    9.8.3. Rest of North America
  9.9. Opportunity Analysis
Chapter 10. Latin America Automotive Tappet Market Forecast and Trend Analysis
  10.1. Regional Overview
  10.2. Pricing Analysis
  10.3. Key Trends in the Region
    10.3.1. Supply and Demand
  10.4. Demographic Structure
  10.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    10.5.1. Sub-Segment A
    10.5.2. Sub-Segment B
  10.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    10.6.1. Sub-Segment A
    10.6.2. Sub-Segment B
  10.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    10.7.1. Sub-Segment A
    10.7.2. Sub-Segment B
  10.8. By Country, 2024 - 2030, (US$ Mn and Units)
    10.8.1. Brazil
    10.8.2. Argentina
    10.8.3. Rest of Latin America
  10.9. Opportunity Analysis
Chapter 11. Europe Automotive Tappet Market Forecast and Trend Analysis
  11.1. Regional Overview
  11.2. Pricing Analysis
  11.3. Key Trends in the Region
    11.3.1. Supply and Demand
  11.4. Demographic Structure
  11.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    11.5.1. Sub-Segment A
    11.5.2. Sub-Segment B
  11.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    11.6.1. Sub-Segment A
    11.6.2. Sub-Segment B
  11.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    11.7.1. Sub-Segment A
    11.7.2. Sub-Segment B
  11.8. By Country, 2024 - 2030, (US$ Mn and Units)
    11.8.1. UK
    11.8.2. Germany
    11.8.3. France
    11.8.4. Spain
    11.8.5. Rest of Europe
  11.9. Opportunity Analysis
Chapter 12. MENA Automotive Tappet Market Forecast and Trend Analysis
  12.1. Regional Overview
  12.2. Pricing Analysis
  12.3. Key Trends in the Region
    12.3.1. Supply and Demand
  12.4. Demographic Structure
  12.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    12.5.1. Sub-Segment A
    12.5.2. Sub-Segment B
  12.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    12.6.1. Sub-Segment A
    12.6.2. Sub-Segment B
  12.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    12.7.1. Sub-Segment A
    12.7.2. Sub-Segment B
  12.8. By Country, 2024 - 2030, (US$ Mn and Units)
    12.8.1. Egypt
    12.8.2. Algeria
    12.8.3. GCC
    12.8.4. Rest of MENA
  12.9. Opportunity Analysis
Chapter 13. Asia Pacific Automotive Tappet Market Forecast and Trend Analysis
  13.1. Regional Overview
  13.2. Pricing Analysis
  13.3. Key Trends in the Region
    13.3.1. Supply and Demand
  13.4. Demographic Structure
  13.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    13.5.1. Sub-Segment A
    13.5.2. Sub-Segment B
  13.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    13.6.1. Sub-Segment A
    13.6.2. Sub-Segment B
  13.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    13.7.1. Sub-Segment A
    13.7.2. Sub-Segment B
  13.8. By Country, 2024 - 2030, (US$ Mn and Units)
    13.8.1. India
    13.8.2. China
    13.8.3. Japan
    13.8.4. ASEAN
    13.8.5. Rest of Asia Pacific
  13.9. Opportunity Analysis
Chapter 14. Sub-Saharan Africa Automotive Tappet Market Forecast and Trend Analysis
  14.1. Regional Overview
  14.2. Pricing Analysis
  14.3. Key Trends in the Region
    14.3.1. Supply and Demand
  14.4. Demographic Structure
  14.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    14.5.1. Sub-Segment A
    14.5.2. Sub-Segment B
  14.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    14.6.1. Sub-Segment A
    14.6.2. Sub-Segment B
  14.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    14.7.1. Sub-Segment A
    14.7.2. Sub-Segment B
  14.8. By Country, 2024 - 2030, (US$ Mn and Units)
    14.8.1. Ethiopia
    14.8.2. Nigeria
    14.8.3. Rest of Sub-Saharan Africa
  14.9. Opportunity Analysis
Chapter 15. Australasia Automotive Tappet Market Forecast and Trend Analysis
  15.1. Regional Overview
  15.2. Pricing Analysis
  15.3. Key Trends in the Region
    15.3.1. Supply and Demand
  15.4. Demographic Structure
  15.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    15.5.1. Sub-Segment A
    15.5.2. Sub-Segment B
  15.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    15.6.1. Sub-Segment A
    15.6.2. Sub-Segment B
  15.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    15.7.1. Sub-Segment A
    15.7.2. Sub-Segment B
  15.8. By Country, 2024 - 2030, (US$ Mn and Units)
    15.8.1. Australia
    15.8.2. New Zealand
    15.8.3. Rest of Australasia
  15.9. Opportunity Analysis
Chapter 16. Competition Analysis
  16.1. Competitive Benchmarking
    16.1.1. Top Player’s Market Share
    16.1.2. Price and Product Comparison
  16.2. Company Profiles
    16.2.1. Company A
      16.2.1.1. Company Overview
      16.2.1.2. Segmental Revenue
      16.2.1.3. Product Portfolio
      16.2.1.4. Key Developments
      16.2.1.5. Strategic Outlook
    16.2.2. Company B
      16.2.2.1. Company Overview
      16.2.2.2. Segmental Revenue
      16.2.2.3. Product Portfolio
      16.2.2.4. Key Developments
      16.2.2.5. Strategic Outlook
    16.2.3. Company C
      16.2.3.1. Company Overview
      16.2.3.2. Segmental Revenue
      16.2.3.3. Product Portfolio
      16.2.3.4. Key Developments
      16.2.3.5. Strategic Outlook
    16.2.4. Company D
      16.2.4.1. Company Overview
      16.2.4.2. Segmental Revenue
      16.2.4.3. Product Portfolio
      16.2.4.4. Key Developments
      16.2.4.5. Strategic Outlook
    16.2.5. Company E
      16.2.5.1. Company Overview
      16.2.5.2. Segmental Revenue
      16.2.5.3. Product Portfolio
      16.2.5.4. Key Developments
      16.2.5.5. Strategic Outlook
    16.2.6. Company F
      16.2.6.1. Company Overview
      16.2.6.2. Segmental Revenue
      16.2.6.3. Product Portfolio
      16.2.6.4. Key Developments
      16.2.6.5. Strategic Outlook
    16.2.7. Company G
      16.2.7.1. Company Overview
      16.2.7.2. Segmental Revenue
      16.2.7.3. Product Portfolio
      16.2.7.4. Key Developments
      16.2.7.5. Strategic Outlook
    16.2.8. Company H
      16.2.8.1. Company Overview
      16.2.8.2. Segmental Revenue
      16.2.8.3. Product Portfolio
      16.2.8.4. Key Developments
      16.2.8.5. Strategic Outlook
    16.2.9. Company I
      16.2.9.1. Company Overview
      16.2.9.2. Segmental Revenue
      16.2.9.3. Product Portfolio
      16.2.9.4. Key Developments
      16.2.9.5. Strategic Outlook
    16.2.10. Company J
      16.2.10.1. Company Overview
      16.2.10.2. Segmental Revenue
      16.2.10.3. Product Portfolio
      16.2.10.4. Key Developments
      16.2.10.5. Strategic Outlook
Chapter 17. Go-To-Market Strategy

Research Methodology

We follow a robust research methodology to analyze the market in order to provide our clients with qualitative and quantitative analysis which has a very low or negligible deviance. Extensive secondary research supported by primary data collection methods help us to thoroughly understand and gauge the market. We incorporate both top-down and bottom-up approach for estimating the market. The below mentioned methods are then adopted to triangulate and validate the market.

Secondary data collection and interpretation

Secondary research includes sources such as published books, articles in journals, news media and published businesses, government and international body publications, and associations. Sources also include paid databases such as Hoovers, Thomson Reuters, Passport and others. Data derived through secondary sources is further validated through primary sources. The secondary sources also include major manufacturers mapped on the basis of revenues, product portfolios, and sales channels.

Primary data collection

Primary data collection methods include conducting interviews with industry experts and various stakeholders across the supply chain, such as raw material suppliers, manufacturers, product distributors and customers. The interviews are either telephonic or face-to-face, or even a combination of both. Prevailing trends in the industry are gathered by conducting surveys. Primary interviews also help us to understand the market drivers, restraints and opportunities, along with the challenges in the market. This method helps us in validating the data gathered through secondary sources, further triangulating the data and developing it through our statistical tools. We generally conduct interviews with -

  • CEOs, Directors, and VPs
  • Sales and Marketing Managers
  • Plant Heads and Manufacturing Department Heads
  • Product Specialists

Supply Side and Demand Side Data Collection

Supply side analysis is based on the data collected from the manufacturers and the product providers in terms of their segmental revenues. Secondary sources for this type of analysis include company annual reports and publications, associations and organisations, government publications and others.

Demand side analysis is based upon the consumer insights who are the end users of the particular product in question. They could be an individual user or an organisation. Such data is gathered through consumer surveys and focused group interviews.

Market Engineering

As a primary step, in order to develop the market numbers we follow a vigorous methodology that includes studying the parent market of the niche product and understanding the industry trends, acceptance among customers of the product, challenges, future growth, and others, followed by further breaking down the market under consideration into various segments and sub-markets. Additionally, in order to cross-validate the market, we also determine the top players in the market, along with their segmental revenues for the said market. Our secondary sources help us to validate the market share of the top players. Using both the qualitative and quantitative analysis of all the possible factors helps us determine the market numbers which are inclined towards accuracy.

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