Hydraulic Lash Adjuster Market: Introduction
According to the report, the global hydraulic lash adjuster market is projected to surpass US$ 5 Bn by 2030, expanding at a CAGR of ~1% during the forecast period. The expansion of the hydraulic lash adjuster market is primarily driven by the increase in penetration of hydraulic lash adjusters instead of mechanical lash adjusters among heavy engines.
Expansion of Hydraulic Lash Adjuster Market
The low maintenance cost enabled through instalment of hydraulic lash adjusters is expected to propel the global hydraulic lash adjuster market. Hydraulic lash adjusters are specifically designed to automatically adjust lash in engines such as automobiles and stationary engines. Hydraulic lash adjusters enable precise valve seating & zero tolerance, optimized engine air flow, and fuel management. However, the major benefit a hydraulic lash adjuster offers is in terms of cost savings. Hydraulic lash adjusters are not fitted with additional linkages to perform its operation; hence, vibrations and noises are reduced, which significantly lowers the NVH factor for an engine. Therefore, the reduced NVH factor through instalment of hydraulic lash adjusters is expected to propel the global hydraulic lash adjuster market.
Based on application, the automotive sector is the leading consumer of hydraulic lash adjusters for engines. Stationary engines is the leading segment; however, a large number of stationary engines use mechanical lash adjusters. Heavy equipment used in the construction & mining industry and agriculture have high penetration of mechanical lash adjusters. However, the trend is shifting toward the adoption of hydraulic lash adjusters.
Regional Analysis of Hydraulic Lash Adjuster Market
In terms of region, the global hydraulic lash adjuster market has been segregated into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Asia Pacific is the leading manufacturer and consumer of hydraulic lash adjusters. The electrification of vehicles and industries is anticipated to hamper the demand. Downfall of the crude oil sector in 2020 is projected to maintain the demand for hydraulic lash adjuster for a longer period. The lower rate of consumption of ICE equipped vehicles or equipment in Asia Pacific and Africa is likely to drive the market for lash adjusters during the forecast period.
Hydraulic Lash Adjuster Market Players
Prominent players operating in the global hydraulic lash adjuster market include Eaton, AC Delco, Aichi Quality, AmTech International, ASPICE ENGINEERING, BLE products, Burges-Norton Mfg.Co. Inc., Decora Auto Forge Pvt. Ltd., Endyn Ltd., Johnson Lifters LLC, Melling, Nittan Valve Co., Ltd., OTICS, Rane Group, and Trick Flow.
Global Hydraulic Lash Adjuster Market: Segmentation
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