Global Automotive Gasket and Seal Market by material type (plastic polymer, fibre, silicon, rubber and metal)-by application (cooling application, transmission, engine, brake, fuel supply and battery)-by vehicle type (passenger cars, light commercial vehicle, off-highway vehicle and heavy commercial vehicle) –by product type (cylinder head gaskets, o-ring seals, valve stem seals, vent seal, plug in seals and rotary seals ) -by geography (North America, Europe, Asia Pacific, Middle East & Africa and South America)) – is expected to reach US $ 96.20 Bn by 2026, at a CAGR of 5.27 %.
Gaskets and seals helps in the improvement of the average life span of any automotive component. Moreover, there are stringent regulations related to maximum limits on emissions as incorporated by global automotive agencies that will surely drive the gaskets and seals market. Silicone rubber is a lightweight material which is the preferred material used in the making of gaskets and seals that will reduce the fuel cost and improve automobile efficiency. Almost all the manufacturers worldwide are focusing on the development of gaskets and seals materials that reduce the fuel requirement which can also withstand high heat and pressure.
Silicone segment is expected to dominate the global automotive Gasket and Seal market.
Silicone is an mineral polymer , which are used in many industries and applications with the benefit . It can withstand extreme temperatures and preserve its physical properties. Silicone is safe to usage in the food and beverage industry too. Growing concern about environmental changes, the automotive industry is emerging new and improved components to impulse fuel-efficiency of vehicles. The key players in automotive gasket and seal market are focusing on designing effective gaskets and seals made from high-quality material, fabricated to tolerate high heat and pressure.
The silicone material helps in refining fuel-efficiency of vehicles with growing use of lightweight materials in vehicles.
The silicone rubber is widely used to further cut fuel cost and advance efficiency. The key players are concentrating on the development of materials , which reduce the fuel requirement and can endure high heat and pressure.
The passenger cars segment is expected to lead global automotive Gasket and Seal market.
The passenger cars segment is expected to lead the global automotive Gasket and Seal market during the forecast period.The passenger cars are the widely popular vehicle type across the globe. Growing need to own cars, increasing preference for light weight material used vehicle, and civilizing living standards of people are expected to contribute passenger cars segment growth. Additionally, the increasing need for safe commuting and comfort is growing and demand for passenger cars is projected to grow during the forecast period.
The North America is expected to share significant growth in the global automotive Gasket and Seal market.
The significant share in the global market can be attributed to the increasing adoption of the technology advancement in the automotive sector in the region. The developed country U.S.is known as an automotive hub for renowned original equipment manufacturers. The lightweight components in automobiles sector, which are sealed with high-strength gaskets and seals are preferring by the key players. The lightweight materials are helps to endure high heat and pressure. This will indirectly help in enlightening fuel-efficiency of vehicles with growing use of lightweight materials in vehicles. Many key players are planning to set up vehicle production plants in the countries like Mexico and Canada, which in turn increase the demand for automotive gasket and seal market in the region.
This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. It includes the profiles of some of the leading manufacturers such as Dana Limited, Federal-Mogul Corporation, Trelleborg AB, Datwyler, Elringklinger, SKF AB, Smiths Group plc. Freudenberg Sealing Technologies, Flowserve Corporation, Victor Gaskets India LTD., Keith Payne, Garlock, EagleBurgmann, GARDICO, Mercer Gasket & Shim and Vanguard Products
Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the global automotive gasket & seal market. The report encompasses the market by different segments and region, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the global automotive gasket & seal market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain global automotive gasket & seal market positioning of competitors.
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