DUBLIN, Apr. 28, 2015 /PRNewswire/ --Research and Markets
(http://www.researchandmarkets.com/research/4vhwf6/automotive_gasket) has announced the addition of the "Automotive Gasket & Seal Market by Product Type (Gasket, Metallic Gasket, Non Metallic Gasket, Seals, Mechanical Seals, O Ring Seals, Lip Seals & Rotary Seals), Vehicle Type (PC, LCV & HCV), & by Geography - Global Forecast & Analysis to 2020" report to their offering.
The global Automotive Gasket and Seal Market estimated a market value of around $ 8,877.5 million by 2015 and poised to reach $12,362 Million by 2020 at a CAGR of 6.85% from 2015-2020.
The automotive gaskets and seals are used in many assemblies of a vehicle for filling the gap between two components to ensure that there is no leakage between them during the compression stage. With increasing concern over environmental changes, the automotive industry is developing new and improved components to push fuel-efficiency of vehicles. The top suppliers in automotive gasket and seal market have focused on designing effective gaskets and seals made from high-quality material, fabricated to endure high heat and pressure. The increase in overall vehicle production across the globe and growing fuel-efficiency norms in developing countries are the major factors that is expected to drive the market of automotive gasket and seal in the next five years.
In Asia-Pacific and North America, the automotive gasket and seal market is growing at a noteworthy rate, following the growing demand of light and heavy vehicles in countries such as China, the U.S., and India. Many renowned OEMs are expanding their footprints in these regions. On the other hand, the European region is a highly sophisticated market in terms of technology and the automotive gasket and seal market is projected to grow at moderate rate. However, Eastern Europe is a potential market, given the increasing vehicle production and demand for fuel-efficient vehicles.
The global automotive gasket and seal market is dominated by major players such as Dana Corporation (U.S.), AB SKF (Sweden), Flowserve Corporation (U.S.), Federal-Mogul (U.S.), and Smiths Group PLC (U.K.)
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Automotive Gasket and Seal Market, By Product
7 Automotive Gasket and Seal Market, By Vehicle Type
8 Automotive Gasket and Seal Market, By Region
9 Competitive Landscape
10 Company Profiles
- AB SKF
- Dana Holding Corporation
- Datwyler Holding Inc.
- Elringklinger AG
- Federal-Mogul Corp.
- Flowserve Corp.
- Freudenberg Sealing Technologies GMBH & Co. KG
- Smiths Group PLC.
- Trelleborg AB
- Victor Gaskets India Limited
For more information visit http://www.researchandmarkets.com/research/4vhwf6/automotive_gasket
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SOURCE Research and Markets