Automotive Engine Seals Market Report
Automotive Engine Seals Market is Segmented by Vehicle Type (Passenger Car, Light Commercial Vehicle, and Medium- & Heavy-Duty Commercial Vehicle), by Material Type (Elastomer Seals, Thermoplastic Seals, and Metal Seals), by Product Type (O-rings, Gaskets, Lip Seals, and Others), by Motion Type (Static Seals, Linear Seals, and Rotary Seals), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
Automotive Engine Seals Market is Segmented by Vehicle Type (Passenger Car, Light Commercial Vehicle, and Medium- & Heavy-Duty Commercial Vehicle), by Material Type (Elastomer Seals, Thermoplastic Seals, and Metal Seals), by Product Type...
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.
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.
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.
The following are the key players in the automotive engine seals market.
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:
The automotive engine seals market is segmented into the following categories.
Automotive Engine Seals Market, by Vehicle Type
Automotive Engine Seals Market, by Material Type
Automotive Engine Seals Market, by Product Type
Automotive Engine Seals Market, by Motion Type
Automotive Engine Seals Market, by Region
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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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