Automotive Gaskets and Seals: Market Introduction
The parts used in automobiles to stop fluid and gas leaks are gaskets and seals. They stop leaks by plugging the spaces between the automobile parts. The seals stop lubricants from leaking out and damaging the bearings. Additionally, the seal stops dust and other impurities from getting inside the gear.
With technical improvements, gaskets and seals provide a practical way to improve fuel economy and have decreased the need for repair and maintenance, increasing the typical lifespan of automobile parts.
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Additionally, it is anticipated that the industry would be driven by the strict restrictions pertaining to the maximum limit on emissions that have been included by automotive agencies. To further reduce fuel costs and increase efficiency, lightweight materials like silicone rubber have become more and more popular.
Manufacturers are putting their efforts into creating materials that use less fuel and can resist extreme heat and pressure.
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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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.
Market Segmentation
On the basis of material type
- Metal
- Plastic polymer
- Fibre
- Silicon
- Rubber
On the basis of application
- Cooling application
- Transmission
- Engine
- Brake
- Fuel supply
- Battery
On the basis of product type
- Cylinder head gaskets
- O-ring seals
- Valve stem seals
- Vent Seal
- Plug in seals
- Rotary seals
On the basis of vehicle type
- Passenger cars
- Light commercial vehicle
- Off-highway vehicle
- Heavy commercial vehicle
On the basis of sales channel
- OEM
- Aftermarket
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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.
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.
Regional analysis
- 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)
- Japan
- Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
Report Highlights:
- 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
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