• Blog
  • Automotive Seals Market Analysis

    Automotive Seals Market Analysis

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

    Market Insights

    The automotive seals market was estimated to grow at a healthy CAGR of 4.2% over the next five years to reach US$ 18.6 Billion in 2026.

    Want to get a free sample? Register Here

    What are automotive seals?

    Automotive seals are specialized components that are used to prevent the leakage of fluids or gases in various parts of a vehicle. These seals are made from a variety of materials, including rubber, silicone, and metal, and are designed to fit tightly into specific areas of a vehicle where fluids or gases need to be contained. They are typically used in areas such as engine compartments, fuel systems, transmissions, and hydraulic systems, and are essential in ensuring that a vehicle operates efficiently and safely. Automotive seals are subjected to high temperatures, pressures, and other harsh conditions, and therefore must be durable, flexible, and resistant to wear and tear.

    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.

    Segment Analysis

    Want to get a free sample? Register Here

    Vehicle Trends

    The 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.

    Application Trends

    The market is segmented into 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.

    Material Trends

    The market is segmented into 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.

    Product Trends

    The market is segmented into 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.  

    Regional Insights

    The market is segmented as North America (The USA, Canada, and Mexico), Europe (Germany, France, The UK, Russia, and the Rest of Europe), Asia-Pacific (India, China, Japan, and the 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.

    Want to get a free sample? Register Here

    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.

    COVID-19 Impact

    The COVID-19 pandemic has had a significant impact on the global automotive industry, including the automotive seals market. The lockdowns and social distancing measures imposed by governments around the world have led to a decline in demand for new vehicles, resulting in a drop in production and sales of automotive seals.

    Moreover, supply chain disruptions caused by the pandemic have resulted in a shortage of raw materials and components, affecting the production and delivery of automotive seals. As a result, many automotive seal manufacturers have had to shut down their operations temporarily or reduce production capacity.

    However, the demand for automotive seals is expected to recover gradually as the automotive industry rebounds from the pandemic. The increasing adoption of electric and hybrid vehicles is expected to create new opportunities for automotive seal manufacturers, as these vehicles require specialized seals for their unique components.

    Furthermore, the growing trend towards lightweight and fuel-efficient vehicles is expected to drive the demand for advanced seals that can withstand high temperatures and pressure, while reducing friction and wear. This presents an opportunity for automotive seal manufacturers to develop innovative solutions that can meet the changing demands of the automotive industry.

    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 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.

    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.

    What deliverables will you get in this report?

    Key questions this report answers

    Relevant contents in the report

    How big is the sales opportunity?

    In-depth analysis of the Automotive Sealss Market

    How lucrative is the future?

    Market forecast and trend data and emerging trends

    Which regions offer the best sales opportunities?

    Global, regional and country level historical data and forecasts

    Which are the most attractive market segments?

    Market segment analysis and forecast

    Which are the top players and their market positioning?

    Competitive landscape analysis, Market share analysis

    How complex is the business environment?

    Porter’s five forces analysis, PEST analysis, Life cycle analysis

    What are the factors affecting the market?

    Drivers & challenges

    Will I get the information on my specific requirement?

    10% free customization

     

    Target Audience

    Here is the list of the group of customers that the market hopes to have the greatest opportunity to convert-

    • Distributors
    • Suppliers
    • Manufacturers
    • Logistics organizatio

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

    The market is segmented into the following categories-

    By Vehicle Type

    • Passenger Car
    • Light Commercial Vehicle
    • Medium-& Heavy-Duty Commercial Vehicle

    By Application Type

    • Engine System
    • Transmission Systems
    • Brake and Suspension System
    • Body Structure
    • Others

    By Material Type

    By Product Type

    By Motion Type

    • Static Seals
    • Linear Seals
    • Rotary Seals

    By Region

    • North America
    • Europe
    • Asia-Pacific
    • Rest of the World

    Research Methodology

    This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s 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.

    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 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 sales@stratviewresearch.com.

    Frequently Asked Questions (FAQs)

    Automotive seals are specialized components that are used to prevent the leakage of fluids or gases in various parts of a vehicle. These seals are made from a variety of materials, including rubber, silicone, and metal, and are designed to fit tightly into specific areas of a vehicle where fluids or gases need to be contained. They are typically used in areas such as engine compartments, fuel systems, transmissions, and hydraulic systems, and are essential in ensuring that a vehicle operates efficiently and safely. Automotive seals are subjected to high temperatures, pressures, and other harsh conditions, and therefore must be durable, flexible, and resistant to wear and tear.

    The automotive seals market has reached a landmark figure of US$ 18.6 billion by 2026.

    Asia-Pacific is expected to remain the largest market share during the forecast period.

    Passenger Car is expected to be the leading vehicle type in the automotive seals market in the next five years.

    The automotive seals market is expected to witness an impressive growth of 4.2% CAGR in the coming years.

    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 increasing adoption of electric and hybrid vehicles is expected to create new opportunities for automotive seal manufacturers, as these vehicles require specialized seals for their unique components.

    •   

      Why are We Class Apart?

      We Track Fast-Changing Market Dynamics for Clients

      Our Intelligence is Powered by Industry Voice

      >60% of the First Buyers Come Back to Us

      >95% Client Satisfaction Ratio, the Industry's Highest

      We Serve Companies Across the Value Chain

      Know High Growth Opportunities