Automotive Cylinder Head Gaskets Market Growth Analysis

Market Highlights

The Automotive Cylinder Head Gaskets is estimated to grow at a healthy CAGR of 5.9% to reach US$ 0.8 Billion by 2026.

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What is Automotive Cylinder Head Gaskets?

Cylinder head gaskets are used to seal the gap between the engine block and cylinder head to prevent spillage of oil and coolant. Gaskets for automobiles are designed to withstand both high- and low-compressive loads. The main purpose of the cylinder head gasket is to provide maximum compression to be obtained during the compression cycle. The head gasket covers not only the exterior border of the head, but also the spaces between the cylinders, coolant and oil ports, bolts, and guide pins. It is normally preferable for the gasket to be made of somewhat yielding material, allowing it to deform and snugly cover the space for which it was designed. Metals, especially multi-layered steel and copper, graphite, and composites are the materials used to make automotive gaskets.

Market Dynamics

Over the past decades, the constant evolution and advancements in the internal combustion engines have made several developments in the cylinder head gaskets market to address the emergent needs. Increasing development of energy-efficient, more powerful, advanced, compact, and lightweight engines is likely to create healthy growth opportunities for cylinder head gasket manufacturers in the foreseeable future. Requirement of high temperature and pressure resistance, excellent chemical resistance, highly reliable, and durable cylinder head gaskets are likely to fuel the market growth up to an extent. However, certain constraints and limitations may stifle the market expansion. Shifting the focus to electrification is one of the key stumbling blocks, which will impact the cylinder head gasket market growth due to the absence of internal combustion engines in electric vehicles.

The automotive industry was enjoying its fruitful growth till 2017. After then the industry had witnessed sharp declines in the year 2018 and 2019 mainly due to the US-Sino trade war leading to the global economic slowdown. While the industry was expecting a healthy recovery, the pandemic has struck it hard in 2020, generating unprecedented disruption and losses for stakeholders. The market for cylinder head gaskets followed suit, declining by a staggering -15.5% in 2020. The long-term picture appears to be quite good.

Key Players

The following are the key players in the automotive cylinder head gaskets market.

• Dana Incorporated
• ElringKlinger AG
• Talbros Automotive Components Ltd.
• Tenneco Incorporated
• Nichias Corporation
• Freudenberg Group
• Uchiyama Manufacturing Corporation
• Yantai Ishikawa Sealing Technology Co., Ltd.
• Nippon Gasket Co., Ltd.
• Kokusan Parts Industry Company Limited
• Nippon Leakless Corporation

Segment Analysis

Vehicle Trends

The automotive cylinder head gaskets market is segmented as passenger car, light commercial vehicle (LCV), and medium- & heavy-duty commercial vehicle (M&HCV). Despite a drop in 2020, passenger car is predicted to remain the largest as well as the fastest-growing vehicle type in the market during the forecast period. The expected recovery in the production of passenger cars has been accelerated by rising demand in developing countries, such as China and India. The development of powerful, compact, and highly efficient engines is the major factor behind the fastest growth of the passenger segment during the forecast period. 

Material Trends

The market is segmented as metallic head gaskets and other head gaskets. Metallic head gaskets are expected to remain the dominant material type in the market during the forecast period. It is a desirable material for high-performance applications owing to its strength, stiffness, and toughness. Key suppliers in the automotive gasket market have concentrated on the development of efficient gaskets and seals composed of high-quality materials and constructed to withstand high heat and pressure. Increasing demand for multi-layered steel cylinder head gaskets to fulfill the emergent needs of the new, advanced, and powerful automobile engines is boosting the demand for metallic head gaskets in the market. 

End-User Trends

The market is segmented as OE and aftermarket. OE is expected to remain the larger segment of the market during the forecast period. The OE segment growth is analogous to organic growth in vehicle production, whereas the aftermarket segment growth is majorly dependent on the service life of the cylinder gasket. The average life of a cylinder head gasket is usually 200,000 miles in operation.

Regional Analysis

Asia-Pacific is expected to remain the largest market for automotive cylinder head gaskets during the forecast period. Countries like China and India are the key growth engines of the region’s market coupled with the presence of major OEMs, tier players, and raw material suppliers in the region. The automotive industry in Asia-Pacific has undergone one of the most profound transformations in its history. The market is gaining ground in terms of worldwide vehicle sales.

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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.

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Research Methodology

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

Customization Options

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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

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