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    Automotive Seals Market Report

    Automotive Seals Market Report
    Report code - SR1111 Published On : Aug,2021 No. of Pages: 125
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    Automotive Seals Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opp See more...

    Impact of COVID-19 on Automotive Seals Market

    Covid-19 has impacted the market dynamics, competition, and global...

    See more...

    Impact of COVID-19 on Automotive Seals Market

    Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Market Highlights

    Seals are used to serve a multitude of functions including joining the joints, prevention of leakage, and exclusion of unnecessary particles. In the automotive industry, seals are used in many parts of a vehicle for filling the gap between two components to make sure that there is no leakage between them during the compression stage. Automotive seals come in different shapes and sizes and they are used in induction sealing, heating, stuffing, and adhesion of various parts in automobiles. The choice of materials to manufacture seals depends on the application and its requirements. 

    Seals are small in size but undoubtedly one of the major components, especially where there is a greater need for high-temperature resistance and excellent corrosion resistance. The selection of material is dependent on several parameters including temperature resistance, lightweight, durability, strength, etc. Thermoplastics are gaining traction in the market because of their enormous advantages over others.

    The year 2018 and 2019 were challenging for the automotive industry stakeholders in the wake of the saturating demand in the developing economies. The pandemic further devastated the entire supply chain including the demand for automobiles. As a result of that, the automotive seals market recorded a massive decline of -17% in 2020, crushing the market to well below its 2015-market value. However, the long-term outlook still seems resilient with good growth opportunities across regions. Overall, the automotive seals market is estimated to grow at a healthy CAGR of 4.2% over the next five years to reach US$ 18.6 Billion in 2026.

    Market Segments' Analysis

    Based on the vehicle type, the automotive seals market is segmented as Passenger car, Light Commercial Vehicle (LCV), Medium- & Heavy-Duty Commercial Vehicle (MHCV). Despite taking a nosedive in 2020, Passenger Car is expected to remain the largest as well as the fastest-growing vehicle type in the market during the forecast period. Huge passenger car production coupled with the growing use of seals remain the key growth propellor of the market in the long run.

    Based on the application type, the market is segmented as Engine System, Transmission System, Brake & Suspension System, Body Structure, and Others. Body Structure is expected to remain the largest segment of the market in the coming five years. The transmission System is the fastest-growing segment of the market during the forecast period. These Seals are used in a wide spectrum of engine applications and are designed to withstand high temperatures.

    Based on the material type, the market is segmented as Elastomer Seals, Thermoplastic Seals, and Metal Seals. Elastomers are expected to remain the most dominant material type in the market during the forecast period. Elastomers are a desirable material for high-performance applications owing to their good strength, durability, and effectiveness. Owing to their massive array of advantages, elastomers are gaining traction in the automotive industry.

    Based on the product type, the market is segmented as O-rings, Gaskets, Profile Seals, Lip Seals, and Others. The dominant product type in the automotive seals market is Profile Seals while the fastest-growing is Lip Seals. Lip Seals have various advantages over their counterparts. Increasing awareness towards the development of vehicles offering greater fuel efficiency is also imprinting the dynamics of the seals market. There has been a paradigm shift from traditional seals to lightweight seals.  

    In terms of regions, the market is segmented as North America (The USA, Canada, and Mexico), Europe (Germany, France, The UK, Russia, and Rest of Europe), Asia-Pacific (India, China, Japan, and Rest of Asia-Pacific), Rest of the World (Brazil, Argentina, and Others). Asia-Pacific is expected to remain the largest market for automotive seals during the forecast period. Most of the seals suppliers have their presence in the region to address the emergent needs of OEMs and to be the partner for their upcoming automotive programs or upcoming fuel-efficient vehicles of existing automotive programs. Furthermore, the huge production base of automobiles in China, Japan, India, Korea, and Thailand assures a gargantuan demand for seals in the region.  

    Key Players

    The market for automotive seals is gradually consolidating as the major companies are performing mergers & acquisitions to quickly gain the leading position and to tap growing opportunities in this briskly expanding market.  The following are the key players in the automotive seals market.

    • Dana Incorporated
    • Toyoda Gosei Co., Ltd.
    • Cooper Standard Automotive Inc.
    • Meccanotecnica Umbra S.p.A.
    • Hutchinson SA
    • AB SKF
    • Federal-Mogul Corporation
    • Flowserve Corporation
    • Smiths Group PLC
    • Trelleborg AB
    • Elringklinger AG
    • Freudenberg Sealing Technologies GmbH & Co. KG
    • Datwyler Holding

    The development of lightweight seals for critical applications and execution of M&A activities are the key strategies adopted by the major players to gain a competitive edge in the market. Over a period of time, technological advancements have made automotive seals safer and more effective.

    Research Methodology

    This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s automotive seals market realities and future market possibilities for the forecast period of 2021 to 2026. After a continuous interest in our automotive seals market report from the industry stakeholders, we have tried to further accentuate our research scope to the automotive seals market in order to provide the most crystal-clear picture of the market. The report segments and analyses the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.

    This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis.
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
    • Market trend and forecast analysis.
    • Market segment trend and forecast.
    • Competitive landscape and dynamics: Market share, Product portfolio, New Product Launches, etc.
    • Attractive market segments and associated growth opportunities.
    • Emerging trends.
    • Strategic growth opportunities for the existing and new players.
    • Key success factors.

    The automotive seals market is segmented into the following categories. 

    Automotive Seals Market, by Vehicle Type

    • Passenger Car (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Light Commercial Vehicle (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Medium-& Heavy-Duty Commercial Vehicle (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Automotive Seals Market, by Application Type

    • Engine System (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Transmission Systems (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Brake and Suspension System (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Body Structure (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Automotive Seals Market, by Material Type

    • Elastomer Seals (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Thermoplastic Seals (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Metal Seals (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Automotive Seals Market, by Product Type

    • O-Rings (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Gaskets (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Profile Seals (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Lip Seals (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Automotive Seals Market, by Motion Type

    • Static Seals (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Linear Seals (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Rotary Seals (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Automotive seals Market, by Region

    • North America (Country Analysis: The USA, Canada, and Mexico)
    • Europe (Country Analysis: Germany, France, the UK, Russia, and Rest of Europe)
    • Asia-Pacific (Country Analysis: Japan, China, India, and Rest of Asia-Pacific)
    • Rest of the World (Country Analysis: Brazil, Saudi Arabia, and Others)

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to three players)
    • SWOT analysis of key players (up to three players)

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview research offers custom research services across the sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to [email protected]

    Frequently Asked Questions (FAQs)

    The automotive seals market is estimated to grow at a healthy CAGR of 4.2% by 2026. The market is set to rebound at a double-digit rate in the year 2021, assisting the industry stakeholders to fill the voids (market loss) generated in the year 2020.

    The global automotive seal market is dominated by major players such as Toyoda Gosei Co. Ltd, Cooper Standard Automotive Inc., Dana Incorporated, AB SKF, Flowserve Corporation, Federal-Mogul Corporation, and Smiths Group PLC. All the major players specialize in the different seal types. For instance, some companies are dominant in profile seals, whereas some companies hold extraordinary capabilities in the cylinder head gaskets.

    Asia-Pacific is estimated to remain dominant in the automotive seals market in the coming future. China, Japan, India, South Korea, and Thailand are likely to remain the powerhouses of the regions market in the foreseen future. The COVID-19 pandemic has impacted these markets differently. It is estimated that there would be different recovery trajectories of these countries in the post-pandemic market developments.

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