AUTOMOTIVE TAPPET MARKET ANALYSIS
Global Automotive Tappet Market: Regional Insights
The automotive tappets market is projected to witness significant growth in Asia Pacific region during the forecast period (2018 – 2026). Emerging countries such as India and China are major growth engine of the market, owing to increasing sales of passenger and commercial vehicles, which is driving growth of the market in this region. For instance, according to the Organisation Internationale des Constructeurs d’Automobiles (OICA), the total number of passenger cars sold in India was 2,966,637 units in 2016, and it increased to 3,227,701 units in 2017. Similarly, in India the total number of commercial vehicles was 702,640 units in 2016, and it increased to 789,838 units in 2017. Thus, increasing sales of vehicles is expected to fuel growth of the market in this region.
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