Automotive Head Gasket Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2021-2025

The automotive head gasket market share is expected to increase by 14.01 million units from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 2.82%.

This automotive head gasket market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers automotive head gasket market segmentation by application (passenger vehicles and commercial vehicles), distribution channel (OEM and aftermarket), and geography (North America, Europe, APAC, South America, and MEA). The automotive head gasket market report also offers information on several market vendors, including AB SKF, BRUSS Sealing Systems GmbH, Dana Inc., Datwyler Holding Inc., ElringKlinger AG, Flowserve Corp., Freudenberg SE, Parker Hannifin Corp., Tenneco Inc., and Trelleborg AB among others.

What will the Automotive Head Gasket Market Size be During the Forecast Period?

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Automotive Head Gasket Market: Key Drivers, Trends, and Challenges

The steady growth of the automotive industry has created a demand for head gaskets is notably driving the automotive head gasket market growth, although factors such as rising demand for electric vehicles may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the automotive head gasket industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Automotive Head Gasket Market Driver

?The steady growth of the automotive industry has created a demand for head gaskets is a major driver fueling the automotive head gasket market growth. The increasing demand for passenger cars is expected to drive the growth of the automobile industry. For instance, in 2018, passenger car production accounted for 74% of global automobile production. The growing demand for passenger cars from countries such as China, India, Brazil, and Indonesia is expected to drive demand in the global automotive head gasket market. Also, an increased preference for lightweight fuel-efficient vehicles is expected to drive market growth. In APAC, Japan is home to major automotive brands like Honda and Toyota, which have massive global penetration. China has been the largest market for automotive, but during the forecast period, India is expected to surpass it due to huge investments being made by major vehicle manufacturers in the country. For instance, KIA Motors has signed an MoU with the Andhra Pradesh government for setting up a car manufacturing plant in the Anantapuram district. The 600-acre plant will be functional by 2019 and will have a 300,000-unit annual capacity. This growth in the automotive industry is directly giving an impetus to the global automotive head gasket market. 

Key Automotive Head Gasket Market Trend

An increase in engine durability by using new combinations of materials is a major trend influencing the automotive head gasket market growth. An increase in demand for efficient engines has forced gasket manufacturers to design head gaskets with an optimal sealing capability that allows efficient combustion. Modern head gaskets have high tensile strength and can withstand a wide temperature range. This prevents the bending of essential components like the engine block and head. The efficient sealing capability increases the durability of engines by eliminating leakages. Traditional head gaskets were not capable of withstanding increasing cylinder pressure and high temperatures. Therefore, gasket manufacturers shifted to various combinations of MLS with elastomer coating. At an earlier stage, the MLS gaskets only had three layers of steel, but now they have five layers, and instead of normal steel, the use of spring and carbon steel has increased. Thus, the increasing use of durable materials for the automotive head gasket is driving the market. 

Key Automotive Head Gasket Market Challenge

The rising demand for electric vehicles is a major hindrance to the automotive head gasket market growth. An electric engine does not use a head gasket as it is not dependent on combustion between air and fuel. Increasing concerns about global warming have spurred the demand for electric vehicles. The electric vehicle market is still in a nascent stage as the technology is still raw. The most important challenges are the coverage range and the availability of charging stations. To date, the longest range of 335 miles has been provided by Tesla model S. Electric vehicles also face the issue of longer charge times, which is a deterrent when going for long drives. But advancements in battery technology like increased density in lithium-ion batteries will allow storage of more power, which will ultimately increase the range of electric vehicles. Advancements in regenerative braking will also help to convert kinetic energy into more power. The increase in demand for electric cars will negatively impact the global automotive head gasket market. 

This automotive head gasket market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the global automotive head gasket market as a part of the global automotive components and accessories market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the automotive head gasket market during the forecast period.

Who are the Major Automotive Head Gasket Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

• AB SKF
• BRUSS Sealing Systems GmbH
• Dana Inc.
• Datwyler Holding Inc.
• ElringKlinger AG
• Flowserve Corp.
• Freudenberg SE
• Parker Hannifin Corp.
• Tenneco Inc.
• Trelleborg AB

 

This statistical study of the automotive head gasket market encompasses successful business strategies deployed by the key vendors. The automotive head gasket market is fragmented and the vendors are deploying organic and inorganic strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The automotive head gasket market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Automotive Head Gasket Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the automotive head gasket market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of automotive components and accessories market includes the following core components:

• Inputs
• Inbound logistics
• Operations
• Outbound logistics
• Marketing and sales
• Service
• Support activities
• Innovation

The report has further elucidated other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

 

Which are the Key Regions for Automotive Head Gasket Market?

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55% of the market's growth will originate from APAC during the forecast period. China, Japan, and India are the key markets for automotive head gaskets in the region. Market growth in this region will be faster than the growth of the market in regions.

The modernization of automotive manufacturing plant facilities will facilitate the automotive head gasket market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The COVID-19 pandemic has temporarily suspended or reduced the production of automobiles and related components to prevent the community transmission of COVID-19. Furthermore, the reduced production of automobile components is leading to a supply-demand imbalance, which continued until the end of 2020. However, once the COVID-19 pandemic is contained, the preference for automobiles, especially passenger cars, will increase and the competition among automobile manufacturers will intensify. It will compel them to offer more differentiated products, including automotive head gasket, thereby driving the regional market during the forecast period.

What are the Revenue-generating Application Segments in the Automotive Head Gasket Market?

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The automotive head gasket market share growth in the passenger vehicles segment will be significant during the forecast period. Passenger vehicles are the most lucrative market for automotive head gasket manufacturers, as it covers about 80% of the global automotive market. The rising demand for passenger cars in emerging markets has increased the market for head gasket manufacturers also.

This report provides an accurate prediction of the contribution of all the segments to the growth of the automotive head gasket market size and actionable market insights on post COVID-19 impact on each segment.

 

Automotive Head Gasket Market Scope
Report Coverage	Details
Page number	120
Base year	2020
Forecast period	2021-2025
Growth momentum & CAGR	Accelerate at a CAGR of 2.82%
Market growth 2021-2025	14.01 million units
Market structure	Fragmented
YoY growth (%)	1.95
Regional analysis	North America, Europe, APAC, South America, and MEA
Performing market contribution	APAC at 55%
Key consumer countries	China, US, Japan, Germany, and India
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	AB SKF, BRUSS Sealing Systems GmbH, Dana Inc., Datwyler Holding Inc., ElringKlinger AG, Flowserve Corp., Freudenberg SE, Parker Hannifin Corp., Tenneco Inc., and Trelleborg AB
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Automotive Head Gasket Market Report?

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will drive automotive head gasket market growth during the next five years
• Precise estimation of the automotive head gasket market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the automotive head gasket industry across North America, Europe, APAC, South America, and MEA
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of automotive head gasket market vendors

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