BURNABY, Canada, March 16, 2016 /PRNewswire/ --
Automotive seals and gaskets are a vital component in a vehicle, which are used for filling the gap between two components in automobiles, in order to prevent any leakage of fluid between them. Automotive seals are used between the moving parts of the vehicle, while automotive gaskets are used between two stationary automotive components. Backed by the objective to achieve better fuel-efficiency of vehicles, and with increasing concern over environmental changes, the automotive industry is developing new and improved components. The automotive industry in the Asia-Pacific region, which is dominated by the developing nations like India and China, is growing at a faster pace, hence is expected to thrust the demand for various auto components that are used in the automotive industry.
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The penetration of automotive gaskets and seals is estimated to be the highest in the Asia-Pacific region, followed by North America, Europe, and others. On the basis of vehicle segments, global automotive seals & gaskets market can be categorized into four segments which are as follows:
Global Automotive Seals & Gaskets Market, by Vehicle Type
Global Automotive Seals & Gaskets Market: Drivers and Restraints
The market of automotive seals & gaskets is expected to grow at a rapid pace. There has been an increase in overall vehicle production across the globe, in turn boosting the demand for automotive seals and gaskets in the OEM segment. Also, the automobile manufacturers are working to achieve better fuel-efficiencies, giving rise to the usage of light-weight materials in vehicles in order to improve the life of the automobile, in turn propelling the demand for high quality seals and gaskets.
Global Automotive Seals & Gaskets Market: Key Players
Key players in the global Automotive Seals & Gaskets market include Dana Corporation, AB SKF, Flowserve Corporation, Federal-Mogul, Smiths Group PLC, Freudenberg Sealing Technologies, etc.
The report Covers Exhaustive Analysis on:
Regional Analysis Includes
"Global Automotive Seals & Gaskets Market Forecast & Opportunities, 2021" has analyzed the potential of the Automotive Seals & Gaskets market and provides statistics and information on market sizes, shares and trends. The report will suffice in providing the intending clients with cutting-edge market intelligence and help them in taking sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers and key challenges faced by the industry.
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Report Methodology
The information contained in this report is based on both primary and secondary sources. Primary research included interviews with automotive seals and gaskets manufacturing companies, distributors and industry experts. Secondary research included an exhaustive search of relevant publications like company annual reports, financial reports and proprietary databases.
Report Highlights:
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