Automotive Seals Market Expected to Experience Attractive Growth through 2026
Seals are used to serve a multitude of functions including joining the joints, prevention of leakage, and exclusion of unnecessary particles.
The report on the Automotive Seals Market is segmented by Vehicle Type (Passenger Car, Light Commercial Vehicle, and Medium- & Heavy-Duty Commercial Vehicle), by Application Type (Engine System, Transmission System, Brake & Suspension System, Body Structure, and Others), by Material Type (Elastomer Seals, Thermoplastic Seals, Metal Seals), by Product Type (O-rings, Gaskets, Profile Seals, 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). The historic years considered for the study are 2016-2019, base year is 2020, estimated year is 2021, and forecast period is 2021-2026.
Market Insights
The automotive seals market recorded a massive decline of -17% in 2020, crushing the market to well below its 2015-market value. However, the long-term outlook still seems resilient with good growth opportunities across regions. Overall, the automotive seals market is estimated to grow at a healthy CAGR of 4.2% over the next five years to reach US$ 18.6 Billion in 2026.
Key players
Some of the major players operating in the global Automotive Seals Market are-
- Dana Incorporated
- Toyoda Gosei Co., Ltd.
- Cooper Standard Automotive Inc.
- Meccanotecnica Umbra S.p.A.
- Hutchinson SA
- AB SKF
- Federal-Mogul Corporation
- Flowserve Corporation
- Smiths Group PLC
- Trelleborg AB
- Elringklinger AG
- Freudenberg Sealing Technologies GmbH & Co. KG
- Datwyler Holding
Report Features
The report provides critical insights into the market dynamics that enables strategic decision making that is critical to the growth of the existing players as well as those planning to enter the market. This report offers an improvised approach to consolidate the growth decisions by covering the following features –
- Market structure - as it reflects the value chain of different commodities in the market.
- Drivers and Constraints - as both can affect any element of the marketing mix -- product, budget, and place, etc.
- Market Forecast - a part of the decision-making process. This helps users with facts regarding projected sales dimensions, costs, market shares, and other areas of planning.
- Competitive landscape and dynamics: The user can determine the strengths and gaps. The information mentioned here will work towards enhancing the brand's strategy.
- Growth strategies - allowing a small business to survive unexpected changes, and to grow into a bigger entity, and gain a greater competitive advantage.
Market Dynamics
The report covers maximum factors that affect the Automotive Seals Market. According to this report,
Seals are used to serve a multitude of functions including joining the joints, prevention of leakage, and exclusion of unnecessary particles. In the automotive industry, seals are used in many parts of a vehicle for filling the gap between two components to make sure that there is no leakage between them during the compression stage. Automotive seals come in different shapes and sizes and they are used in induction sealing, heating, stuffing, and adhesion of various parts in automobiles. The choice of materials to manufacture seals depends on the application and its requirements.
Market Segments' Analysis
The automotive seals market is segmented into the following categories.
Automotive 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 Seals Market, by Application Type
- Engine System (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Transmission Systems (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Brake and Suspension System (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Body Structure (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Automotive 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 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)
- Profile Seals (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 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 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: Japan, China, India, and Rest of Asia-Pacific)
- Rest of the World (Country Analysis: Brazil, Saudi Arabia, and Others)
Critical Questions Answered in the Report
- What are the key trends in the global Automotive Seals Market?
- How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in next five years?
- What is the impact of COVID-19 on global Automotive Seals Market?
- What are the key strategies adopted by the major vendors to lead in the global Automotive Seals Market?
- What is the market share of the top vendors?
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