Automotive roller tappets (also referred to as cam follower or valve lifter) is a small piece of equipment integrated between valves or the camshaft lobe and the valve lifting mechanism, taking into account engine design requirements. It is basically a cup that provides housing for the valve return spring and a valve stem and provides a linear motion to other components of the vehicle. Moreover, it is widely used in internal combustion engines, as it is used to adjust the overall clearance in the valve actuation system, allowing the camshaft to rotate vertically while rotating the camshaft in a vertical motion.
Increasing demand or adoption of VVT (variable valve timing) or dual VVT are prominent factors driving the automotive roller tappets market growth. High performance vehicles, as well as racing cars, find the substantial application of VVT technology. Integration of lift electronic control and variable valve timing allows the incorporation of multiple camshafts via mechanical or electronic linking systems, which increases the performance and efficiency of the engine by increasing the revolutions per minute. The above-mentioned factors are expected to propel the growth of the market. Moreover, increasing production and sales of racing cars and high-performance vehicles are expected to boost the market growth.
For instance, Ford sold more than 100,000 units of Mustang worldwide in 2019, which marks the fifth consecutive year the Mustang has been the best-selling two-door sports car in the world. However, the growing demand for electric and hybrid-electric vehicles inhibits the growth of the automotive roller tappets market. Many automotive manufactures across the world are investing or planning to invest in electric and hybrid-electric vehicles. Moreover, many governments worldwide are promoting electric mobility. For instance, the government of India is aiming to achieve 6 to 7 million sales of electric and hybrid vehicles by 2020.
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In terms of geography, the automotive roller tappets market is divided into six regions, such as North America, Asia Pacific, Europe, South America, the Middle East, and Africa. Based on the product type, the roller tappets segment is expected to have the largest market share in the market due to the increased demand for flat tappet (due to reduced friction, increased tappet velocity, and more power), which is expected to increase its demand in commercial vehicles. Moreover, the increasing production and sales of commercial vehicles are also expected to propel the market growth. Passenger vehicle sales in India increased by 26.45% to 272,027 units in September 2020 as compared to 215,124 units in September 2019, According to the Society of Indian Automobile Manufacturers.
Automotive Roller Tappets Market Taxonomy
On the basis of vehicle type, the global automotive roller tappets market is classified into:
- Passenger cars
- Commercial Cars
- LCV
- HCV
On the basis of product type, the global automotive roller tappets market is classified into:
- Hydraulic roller tappets
- Mechanical roller tappets
- Low-torque roller tappets
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