This detailed study on ‘++ market’, by Persistence Market Research, features an exhaustive study covering influential trends shaping the global market growth. The report also presents significant details concerning market size, market share, and profit estimations to offer a panoramic view of the global market space. Moreover, this report enunciates on an accurate competitive analysis emphasizing growth strategies devised by key players in the Automotive Gaskets and Seals Market.
Automotive Gaskets and Seals: Market Introduction
Gaskets and seals are the components used in vehicles to prevent fluid and gas leakage. They fill the gap between the automotive components thus ensuring no leakage. The seals prevent lubricants from escaping the bearings. The seal also avoids dust and other contaminants from entering the machinery. With the technological advancements, gaskets and seals offer an effective means to obtain better fuel economy and have reduced the repair and maintenance requirement, thereby improving the average life span of automotive components. Moreover, the stringent regulations regarding the maximum limit on emissions as incorporated by automotive agencies are further expected to drive the market. There has been an increasing usage of lightweight materials such as silicone rubber to further cut fuel cost and improve efficiency. The manufacturers are focusing on the development of materials that reduce the fuel requirement and can withstand high heat as well as pressure.
Automotive Gaskets and Seals Market Drivers
With the rapid technological advancements in vehicles sector and the growing need to attain better fuel efficiency and vehicle performance, the market for gaskets and seals is expected to grow significantly. Gaskets and seals usage has led to reduction in the maintenance cost of vehicles and has improved the lifespan of the automotive components.
With the increasing stringent emission regulations, the OEMs are focusing on the mandatory incorporation of gaskets and seals in vehicles, thus driving the global automotive gaskets and seals market.
The aftermarket sales channel is also a major revenue generating segment in the global automotive gaskets and seals market.
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Automotive Gaskets and Seals Market Trends
The manufacturers are focusing to further improve the fuel economy by introducing lightweight, easy to assemble and improved quality automotive gaskets and seals components.
Materials that can improve the fuel efficiency and can withstand high heat and pressure are gaining popularity in the global automotive gaskets and seals market.
Automotive Gaskets and Seals: Market Segmentation
The global automotive gaskets and seals market can be segmented on the basis of material type, product type, vehicle type, application and sales channel.
On the basis of material type, the global gaskets and seals market can be segmented into:
- Plastic polymer
On the basis of application, gaskets and seals market can be segmented into:
- Cooling application
- Fuel supply
On the basis of product type, the global automotive gaskets and seals market can be segmented into:
- Cylinder head gaskets
- O-ring seals
- Valve stem seals
- Vent Seal
- Plug in seals
- Rotary seals
On the basis of vehicle type, the market is categorized into:
- Passenger cars
- Light commercial vehicle
- Off-highway vehicle
- Heavy commercial vehicle
On the basis of sales channel, the global automotive gaskets and seals market can be segmented into:
Automotive Gaskets and Seals: Regional Outlook
Asia Pacific Excluding Japan is expected to be a relatively lucrative market owning to the increasing vehicle production and vehicle parc in the developing economies of the region. North America and Europe are also expected to hold a significant share in the global automotive gasket and seal market. This is attributed to the flourished automotive industry in the region. Middle East and Africa are expected to show moderate growth over the forecast period.
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Automotive Gaskets and Seals: Market Participants
Examples of some of the market participants of the global automotive gaskets and seals market identified across the value chain include Dana Limited, Federal-Mogul Corporation , Trelleborg AB, Datwyler, The SKF Group, Smiths Group plc, Freudenberg Sealing Technologies GmbH & Co. KG and Flowserve Corporation among others.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
The report covers exhaust analysis on:
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Value Chain
Regional analysis includes:
- North America (U.S., Canada)
- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current, and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint