Automotive Specialty 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, Exhaust Section, Transmission System, Battery, and Others), End-User Type (OE and Aftermarket), and Region North America [The USA, Canada, and Mexico], Europe [Germany, France, The UK, Russia, and Rest of Europe], Asia-Pacific [China, Japan, India, and Rest of Asia-Pacific], and Rest of the World [Brazil, Saudi Arabia, and Others]).
Automotive Specialty 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 specialty gaskets market was expected to grow at a healthy CAGR of 5.6% during 2021-2026, taking the market to US$ 2.3 billion by 2026."
Specialty gaskets include all types of gaskets used in the automotive industry other than cylinder head gaskets. It is a flexible sealing system that helps to prevent leakages, to maintain internal pressures, and block the intrusion of foreign materials such as, dirt and pollutants. With the increasing demand for lightweight materials in the automotive industry with a sole aim to improve fuel efficiency and reduce carbon emissions, the demand for highly efficient, robust, and reliable gaskets is evolving that meet the requirements of modern automotive engines & systems. With technical advancements, gaskets now provide a cost-effective way to improve fuel efficiency paired with lowering repair and maintenance costs, extending the average life span of vehicle components.
Until 2017, the automotive industry was seeing healthy expansion. Following that, the industry had a severe downturn in 2018 and 2019, mainly due to the US-China trade war, which resulted in a global economic recession. While a good recovery was projected in 2020, the pandemic hit the industry hard in 2020, causing significant disruption and losses for stakeholders. In 2020, the market for specialty gaskets dropped by -16.0% causing unthinkable loss to the shareholders. The long-term outlook appears to be favorable.
Segment Analysis
Vehicle Trends
"Passenger carssegment accounted for the largest market share."
The market is segmented into passenger cars, LCVs, and M&HCVs. Despite a drop in 2020, passenger cars are predicted to remain the largest as well as the fastest-growing vehicle type in the market during the forecast period. With the increasing production of electric vehicles, there has been an incessant demand for specialty gaskets to protect electric motors from lubricants and to cover battery housings from dirt, moisture, and external environmental conditions.
Material Trends
"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 most dominant material type in the market during the forecast period. Because of their strength, stiffness, and toughness, metallic gaskets are suitable for high-performance applications. Major automobile gasket suppliers are focused on designing cost-effective gaskets made of high-quality materials and built to endure extreme heat and pressure.
Application Trends
"The central engine systemsegment accounted for the largest market share."
The market is segmented into inlet section, central engine system, exhaust section, transmission system, battery, and others. The central engine system is expected to remain the largest segment of the market during the forecast period. Stringing vehicle emission standards across the world are enforcing automotive stakeholders to focus on engine downsizing and exhaust gas purification systems. This is increasing the demand for highly efficient engine gaskets that can withstand extreme temperature and pressure conditions.
End-User Trends
"OE segment accounted for the largest market share."
The market is segmented as OE and aftermarket. OE is likely to continue to be the market's larger segment throughout the projection period. High durability and reliability of the gaskets are the major factors behind the dominance of the OE segment in the automotive specialty gaskets market.
Regional Insights
"Asia-Pacificaccounted for the largest market share."
Asia-Pacific is expected to remain the largest market for automotive specialty gaskets during the forecast period. Asia-Pacific is the leading producer of automobiles with huge production bases in China, Japan, India, Korea, and Thailand. North America is projected to witness the highest growth in the automotive specialty gaskets market during the forecast period, mainly driven by the USA.
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 market dynamics and will enable strategic decision-making for 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 Specialty 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
Will I get the information on my specific requirement?
10% free customization
The market is segmented into the following categories:
By Vehicle Type
Passenger Car
Light Commercial Vehicle
Medium- & Heavy-Duty Commercial Vehicle
By MaterialType
Metallic Gaskets
Elastomeric Gaskets
Composite Gaskets
Other gaskets
By ApplicationType
Inlet Section
Central Engine System
Exhaust Section
Transmission System
Battery
Others
By End-User Type
OE
Aftermarket
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 automotive specialty 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.
Report Customization
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 sales@stratviewresearch.com.
LOADING
LOADING
×
Please enter your contact details. It will allow our analysts to reach out to you.
Specialty gaskets include all types of gaskets used in the automotive industry other than cylinder head gaskets. It is a flexible sealing system that helps to prevent leakages, to maintain internal pressures, and block the intrusion of foreign materials such as, dirt and pollutants. With the increasing demand for lightweight materials in the automotive industry with a sole aim to improve fuel efficiency and reduce carbon emissions, the demand for highly efficient, robust, and reliable gaskets is evolving that meet the requirements of modern automotive engines & systems. With technical advancements, gaskets now provide a cost-effective way to improve fuel efficiency paired with lowering repair and maintenance costs, extending the average life span of vehicle components.
By Vehicle Type (Passenger Car, Light Commercial Vehicle, and Medium- & Heavy-Duty Commercial Vehicle), by Material Type (Metallic Gaskets, Elastomeric Gaskets, Composite Gaskets, and Other Gaskets), by Application Type (Inlet Section, Central Engine System, Exhaust Section, Transmission System, Battery, and Others), by End-User Type (OE and Aftermarket), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).