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The Global Tappet Market for Automotive is projected to grow at a CAGR of over 3% in value terms, 2022-2026.
The major factors contributing to the growth of the market are rising construction & mining sectors, growing automobiles sales & production and growing purchasing power for more powerful vehicles, globally.
The Global Tappet Market for Automotive can be segregated based on type, end-user and engine capacity. Based on end-user, the luxury passenger cars are expected to dominate the market over the next five years due to the growing demand for high performance vehicles and increasing per capita income.