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    Automotive Engine Seals Market Report

    Automotive Engine Seals Market Report
    Report code - SR1115 Published On : Aug,2021 No. of Pages: 120
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    Automotive Engine Seals Market Size, Share, Trend, Forecast, Competitive Analysis, and Gro See more...

    Impact of COVID-19 on Automotive Engine Seals Market

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

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    Impact of COVID-19 on Automotive Engine 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

    The automotive industry has been the most potentially disruptive journey in the decade. Engine, the most crucial part of the vehicles, has been under immense pressure due to the implementation of stringent regulations, such as CAFÉ Standards. All the automakers are joining efforts with the engine manufacturers to unravel the challenges including the development of fuel-efficient engines. Seals could not escape from this trend and have been witnessing a paradigm shift concerning design, material, process, geometry, etc.

    Automotive engine seals ensure no leakage of fluids, coolant, oil, and air from external or internal passages of the internal combustion engine. The head gasket is the most vital engine seal that absorbs all the vehicle engine heat and compression. These seals are required to be reliable, long-lasting, and able to survive against heavy-duty use and extreme vibrations made by the engine.

    Amid the pandemic, the automotive engine seals market recorded a colossal decline of 16% in the year 2020. The seals market for the automotive engine is set to rebound from 2021 onwards, followed by sequential growth in the coming years, ultimately pushing the market to cross a landmark figure of US$ 4.0 billion in 2026 with a long-term CAGR of 4.5% during 2021-2026.

    Market Segments' Analysis

    Based on the vehicle type, the automotive engine seals market is segmented as passenger car, light commercial vehicle (LCV), medium- & heavy-duty commercial vehicle (MHCV). Despite hefty decline amid the pandemic, passenger car is expected to remain the largest market segment of the market during the forecast period. The vehicle type is also estimated to grow at the fastest rate during the same period. A continuous shift from traditional vehicles to electric vehicles is negatively impacting the demand for seals for engine applications. Stringent regulations, such as CAFÉ standards, are compelling automakers to develop vehicles offering greater fuel efficiency. All the crucial components are under scrutiny intending to shed off weight. Seals are also on the radar of tier players with OEMs asking lightweight seals.

    On the basis of product type, the market is segmented as o-rings, gaskets, lip seals, and others. Gasket is expected to remain the dominant product type in the market during the forecast period. Cylinder head proves to be the major application of gaskets in automotive engines. There have been remarkable improvements in the cylinder heads over the eons, making reciprocal changes in the design, material, process, etc. in cylinder head gaskets.

    In terms of regions, Asia-Pacific is expected to remain the largest market for automotive engine seals during the forecast period. This region is a manufacturing hub of the automobile assembly with the presence of a large number of OEMs such as Toyota and Hyundai. Furthermore, the domestic demand for automobiles is growing at a rapid pace, especially in the developing Asian economies, particularly in China and India. All the major engine manufacturers have a presence in the region to serve the growing demand. 

    Key Players

    The following are the key players in the automotive engine seals market.

    • AB SKF
    • Dana Incorporated
    • Datwyler Holding
    • Elringklinger AG
    • Federal-Mogul Corporation
    • Flowserve Corporation
    • Freudenberg Group
    • Hutchinson S.A.
    • Meccanotecnica Umbra S.p.A.
    • Smiths Group PLC
    • Trelleborg AB

    Research Methodology

    This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s automotive engine 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 engine seals market in order to provide the most crystal-clear picture of the market. The report segments and analyzes 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.

    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 engine seals market is segmented into the following categories. 

    Automotive Engine 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 Engine 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 Engine 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)
    • Lip Seals (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Automotive Engine 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 Engine 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: India, Japan, China, and Rest of Asia-Pacific)
    • Rest of the World (Country Analysis: Brazil, Argentina, 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 engine seals market is estimated to grow at a CAGR of 4.5% by 2026, marginally higher than the overall automotive seals market.

    AB SKF, Dana Incorporated, Datwyler Holding, Elringklinger AG, Federal-Mogul Corporation, Flowserve Corporation, Freudenberg Group, Hutchinson SA, Smiths Group PLC, and Trelleborg AB are the leading players in the automotive engine seals market.

    Asia-Pacific is estimated to remain dominant in the automotive engine seals market in the foreseen future, driven by China, Japan, India, and South Korea.

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