Automotive Engine Gaskets Marketby Vehicle Type (Passenger Car, Light Commercial Vehicle, and Medium- & Heavy-Duty Commercial Vehicle), Material Type (Metallic Gaskets, Elastomeric Gaskets, Composite Gaskets, and Other Gaskets), Application Type (Inlet Section, Central Engine System, and Exhaust Section), End-User Type (OE and Aftermarket), and Region (North America, Europe, Asia-Pacific, and Rest of the World).
Automotive Engine Gaskets Market by Vehicle Type (Passenger Car, Light Commercial Vehicle, and Medium- & Heavy-Duty Commercial Vehicle), Material Type (Metallic Gaskets, Elastomeric Gaskets, Composite Gaskets, and Other Gaskets), Application Type...
"The global automotive engine gaskets market is estimated to grow at a healthy CAGR of 5.9% over the next five years to reach US$ 1.8 billion in 2026."
The automotive engine is the most crucial section of the vehicle. An engine consists of several components that have to withstand extreme torturous temperature and pressure conditions. Increasing demand for lightweight, compact, and powerful engines in order to improve the fuel economy and to reduce carbon emissions; is putting an additional impact on the components in terms of developments and advancements. Gaskets used in automotive engines are also continuously evolving in terms of technology and materials to address emerging market requirements. For instance, cylinder head gaskets have evolved from a flat, pressed design to a flexible design; from a solid gasket to a multi-layered steel gasket.
Automotive engine gaskets can be broadly classified into two categories automotive cylinder head gaskets and specialty gaskets. Specialty gaskets mainly include oil pan gaskets, manifold gaskets, and pump gaskets used in between the crankcase, oil pan, cylinder block, manifold, etc. to prevent leakages and to ensure tight fit joints in order to maintain the compressive pressure inside the engine during operation. The gaskets used in the engine must meet conformity with the mating surfaces and provide high pressure, temperature, and vibration withstanding capability, impermeability to the fluid, excellent chemical resistance, and have apertures for any studs or bolts, etc.
The growth of the automotive engine gaskets market is analogous to the growth of automotive vehicle production. The decline in automotive production in 2018 and 2019 has had a huge impact on its engine gaskets market as well. While the industry was expecting a recovery in automotive production in 2020, the outburst of the COVID-19 pandemic has marked a graver impact on the market with over a 15% decline in automotive production in 2020.
However, the long-term picture appears to be fruitful, owing to the industry's robust character and solid fundamentals. An expected recovery in the production of advanced and lightweight automobiles is predicted to give rise to innovative materials and designs in automotive gaskets.
Segment Analysis
Vehicle Insights
"The passenger carsegment accounted for the largest market share."
The automotive gaskets market is segmented as passenger car, light commercial vehicles, and medium- & heavy-duty commercial vehicles. Passenger car is expected to remain the largest as well as the fastest-growing segment of the market in the coming years. Developing countries like China, India, and Thailand are the major buyers of passenger cars in Asia. Production of powerful, long-lasting, and highly efficient engines is the major factor behind the fastest growth of the passenger segment in the market during the forecast period. The increasing penetration of electric vehicles will have a profound impact on the market in the foreseeable future.
Material Insights
"The metallic gasketssegment accounted for the largest market share."
The market is segmented into metallic gaskets, elastomeric gaskets, composite gaskets, and other gaskets. Metallic gaskets are expected to remain the dominant material type, whereas elastomeric gaskets are expected to be the fastest-growing material in the market during the forecast period. Increasing usage of lightweight materials, such as plastics and composites, in automotive part manufacturing in order to make vehicles lighter, is likely to boost the demand for elastomeric gaskets owing to their greater compatibility and wider benefits.
Application Insights
"The central engine systemsegment accounted for the largest market share."
The market is segmented into an inlet section, a central engine system, and an exhaust section. The central engine system is expected to remain the biggest demand generator for gaskets in the market during the forecast period, owing to the widespread application of gaskets in the central engine section. Although gaskets are often associated with internal combustion engines, they are now routinely deployed in electric vehicles. Electric motors in electric vehicles must be protected from lubricants used in wheel axles and the outside environment, which presents a substantial business opportunity for the gasket stakeholders.
End-User Insights
"The OEsegment accounted for the largest market share."
The market is segmented as OE and aftermarket. OE is expected to remain the largest segment of the market during the forecast period. The market is likely to grow with the increase in vehicle production and OEM expansions across Asia-Pacific. Increased automotive fleet size, especially in Asia-Pacific, is the major driving factor of aftermarket segment expansion.
Regional Trends
"Asia-Pacificaccounted for the largest market share."
Asia-Pacific is expected to remain the largest market for automotive gaskets and it held a revenue share of more than 55% in 2020, mainly driven by China and India. China is the largest automotive vehicle producer in the world with a large number of local, regional, and global players in the country. The rising disposable income of individuals especially in the emerging economies of the region coupled with the presence of a large number of OEMs is likely to create a healthy demand for automotive engine gaskets over the next five years.
Note: The above list does not necessarily include all the top players of the market.
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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:
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Key questions this report answers
Relevant contents in the report
How big is the sales opportunity?
In-depth analysis of the Automotive Engine Gaskets 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?
Porter’s five forces analysis, PEST analysis, Life cycle analysis
What are the factors affecting the market?
Drivers & challenges
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10% free customization
Research Methodology
This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s automotive engine gaskets market realities and future market possibilities for the forecast period of 2021 to 2026. 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 1,000 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.
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Increasing demand for lightweight, compact, and powerful engines in order to improve the fuel economy and to reduce carbon emissions; is putting an additional impact on the components towards developments and advancements. Gaskets used in automotive engines are also continuously evolving in terms of technology and materials to address emerging market requirements.
Dana Incorporated, ElringKlinger, Talbros, DRiV Inc., Tenneco Incorporated, Nichias Corporation, Datwyler Sealing Solution USA Inc, Freudenberg Group, Uchiyama Manufacturing Corporation, Yantai Ishikawa Sealing Technology, Nippon Gasket, Kokusan Parts Industry Company Limited, Nippon Leakless Corporation are the leading players in the automotive engine gaskets market.
