Global Automotive Seals and Gaskets Market 2017-2021

Overview of the global automotive seals and gaskets market

There is an increasing adoption of low-maintenance vehicles by consumers. In addition to reducing expenditure, the adoption of low maintenance vehicles also facilitates customers have easy access to technological advancements available on the Internet. With the awareness of consumers regarding modern components, OEMs have the need to make huge R&D investments to cater to the expectations of the consumers. Technavio’s market research report has identified this increasing customer preference for low-maintenance vehicles that leads to technological innovations as one of the primary factors that will fuel the growth of the automotive seals and gaskets market in the coming years. Since automotive OEMs have the need to reduce emissions, component manufacturers have the need to design and develop products from superior quality materials. As a result, manufacturers of seals and gaskets will also invest in R&D activities to develop and introduce better products, which will consequently drive this market’s growth prospects. Our market research analysts predict that this global market will register a revenue of almost USD 25 billion by 2021.

Owing to the increasing complexities in engine design systems there is a growing adoption of more advanced injection molding systems. This technique is gaining traction as it reduces wastes and offers higher flexibility to the designers. Moreover, seals manufactured using this molding technique also help in reducing friction and leakages. Such benefits will increasing preference for injection molding over the compression molding of seals, which according to our analysts, will be one of the key trends that will gain traction in the automotive seals and gaskets market in the coming years.

Competitive landscape and key vendors

The automotive seals and gaskets market is highly fragmented due to the presence of several players. The international players are focusing on expanding their geographic presence and the level of competition among the players in this marketspace will intensify in the coming years owing to technological developments. Additionally, the increasing vehicle production and the low cost of production that will induce more players to enter the market, will also intensify the market’s competitive environment.

The leading vendors in the market are-

• Blue Diamond technologies
• Dana
• Elring Klinger
• SKF

The other prominent vendors in the market are Freudenberg Group, Federal-Mogul, Parker Hannifin Corporation, Trelleborg Sealing Solutions, Flowserve, billi dichtungstechnik, Henniges Automotive, and KACO.

Segmentation by vehicle type and analysis of the automotive seals and gaskets market

• Passenger cars
• Commercial vehicles

During 2016, passenger car segment accounted for the major shares of the automotive seals and gaskets market. The growing demand of passenger cars in the emerging economies such as India, China, and South Korea will be one of the major factors fueling the growth of the market in this segment.

Segmentation by geography and analysis of the automotive seals and gaskets market

• Americas
• APAC
• EMEA

This market study estimates that in terms of geographic regions, APAC will be the major revenue contributor to the automotive seals and gaskets market throughout the forecast period. The presence of several automotive manufacturers in this region and the rising investments from the emerging economies such as China and India towards R&D, will drive the growth of the automotive seals and automotive gaskets market in this region.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global automotive seals and gaskets market?
• What are the key market trends impacting the growth of the global automotive seals and gasketsmarket?
• What are the challenges to global automotive seals and gaskets market growth?
• Who are the key vendors in the market?
• What are the market opportunities and threats faced by the vendors in the global automotive seals and gaskets market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global automotive seals and gaskets market?