Automotive Valve Lifter Market Set for Rapid Growth During 2019

A valve lifter, also known as tappet, or cam follower, is a key component in an internal combustion engine. A valve lifter is located between valve lifting mechanism and camshaft lobe.
A valve lifter eliminates the need for mechanical clearance in the engine’s valve train. It also protects the engine valve from thermal expansion normally witnessed in an engine, which is caused due to high temperature generated in the combustion chamber.

Demand for high performance engines and high power in automobiles is driving the market for automotive valve lifter. For instance, high performance vehicles, such as racing cars, that require the engine to deliver high power and performance, require a valve lifter with accurate timing, which ensures timely opening and closing of an engine valve. When a vale lifter is not functioning properly, the engine produces a knocking sound while starting. This indicates that either the engine oil needs to be replaced or valve lifter needs to be cleaned.
Government regulations and standards have mandated an increase in fuel efficiency of vehicles, which in turn is driving the global automotive valve lifter market.

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Popularity of electrical vehicles is rising, as they are emission-free and are expected to reduce carbon footprint owing to increasing adoption. Norway, Germany, and China are key consumers of electrical vehicles. Electric propulsion also eliminates the IC-engine in vehicles and hence, a rise in preference toward electrical vehicles is expected to hamper the global automotive valve lifter market.

Increase in popularity of SUVs and hatchbacks in the Americas is driving the demand for SUVs and hatchbacks. Demand for premium sports cars is rising due to increasing standards of living and economic development in Europe and Americas. For instance, Ford Mustang, Chevrolet Camaro, and Audi A5 are a few of the models gaining popularity among consumers in Canada and the U.S.
Economic development in countries such as India, China, Vietnam, and South Korea has led to improved roads and infrastructure. This, in turn, has fueled the trends of owning a vehicle, resulting in an increase in number of passenger vehicles. Therefore, a rise in the number of passenger vehicles is propelling the automotive valve lifter market.