Global Automotive Gasket and Seal Market was valued US$ 63.80 Bn in 2019 and is expected to reach 96.20 Bn by 2027, at a CAGR of 5.27 % during a forecast period.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
Gaskets and seals are the main components , which are widely used in automobiles to avoid any fluid and gas leakage. These components help to fill the gap between many automotive components to ensuring zero leakage.
The technological advancements in vehicles sector and consumer’s inclination towards better fuel efficiency and vehicle performance are expected to drive the global gaskets and seals market. Reducing the maintenance cost and enhancing the safety are the key areas where automobile companies are working, which is expected to fuel the demand for high end gasket and seals in forecast period. Strict emission regulations by different governments are making OEM to focus on mandatory incorporation of advanced gaskets and seals in the vehicles.
The report has covered the demand drivers by gasket and seal types and technologies by region. At the same time, report has covered the challenges, threats and opportunities in the industry by region and segments, which will help decision makers to prioritize the tangible as well as in-tangible investment.
Technological advancements have made automotive gasket and seal component safer and effective. Silicone rubber has become a preferred material for gaskets and seals owing to increasing consumer preference for lightweight materials. The lightweight material components in automobiles sector are sealed through high-strength gaskets to sustain high heat and pressure. It also helps to improving fuel-efficiency of vehicles.
By application segment, engine segment is expected to hold maximum share in the global automotive Gasket and Seal market. An upsurge in vehicle production will in turn to increase demand for automotive engine.
The passenger vehicle segment is expected to dominate the global gasket and seal market. The leading position in the market is attributed to the increasing demand for passenger vehicle across the globe. Additionally, these vehicles also provides enhanced driving pleasure, safety, reliability, and comfort level.
OEMs and OEM supliers are focusing on investment in the sector thanks to competition and high quality demand from the OEMs. The report has covered the investment happening in the segment worldwide.
Region wise, Asia-Pacific is expected to share significant growth in the global automotive Gasket and Seal market. The growth in the market can be attributed rapid expansion of automotive industry in the developing countries like China and India. Increasing adoption of the technological improvement in mechanical strength and sealing capabilities are expected to increase the demand for high-performance and functional products, which are used in the automotive industry.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding dynamics, structure by analysing the market segments by material, product type, application, vehicle type and region and, project the global automotive Gasket and Seal market. The report also provides a clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global automotive Gasket and Seal market. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address the question of shareholders in arranging the efforts and investment in the near future to a particular market segment.
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Scope of the Report for Global Automotive Gasket and Seal Market
Global Automotive Gasket and Seal Market, by Material Type
- Plastic polymer
Global Automotive Gasket and Seal Market, by Application
- Cooling application
- Fuel supply
Global Automotive Gasket and Seal Market, by Product Type
- Cylinder head gaskets
- O-ring seals
- Valve stem seals
- Vent Seal
- Plug in seals
- Rotary seals
Global Automotive Gasket and Seal Market, by Vehicle Type
- Passenger cars
- Light commercial vehicle
- Off-highway vehicle
- Heavy commercial vehicle
Global Automotive Gasket and Seal Market, By Region
- North America
- Asia Pacific
- Middle East & Africa
- South America
- Dana Limited
- Federal-Mogul Corporation
- Trelleborg AB
- SKF AB
- Smiths Group plc.
- Freudenberg Sealing Technologies
- Flowserve Corporation
- Victor Gaskets India LTD.
- Keith Payne
- Mercer Gasket & Shim
- Vanguard Products
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