Stratview Research has recently added a new report titled ‘Automotive Seals Market’ to its collection. The report studies vital factors about the market that are essential for existing players as well as new market entrants. The report throws light on the critical elements such as market share, profitability, supply chain, production, sales, upcoming technologies, key market players, regional segmentation, and many more aspects related to the Automotive Seals Market.

The years considered in this report to estimate the market size of the market are:

• History Year: 2017-2021

• Forecast Year: 2021 to 2026

The key players covered in this report 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

 Market Highlights

The year 2018 and 2019 were challenging for the automotive industry stakeholders in the wake of the saturating demand in the developing economies. The pandemic further devastated the entire supply chain including the demand for automobiles. As a result of that, 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.

Segment-wise analysis

Based on the vehicle type, the automotive seals market is segmented as Passenger car, Light Commercial Vehicle (LCV), Medium- & Heavy-Duty Commercial Vehicle (MHCV). Despite taking a nosedive in 2020, Passenger Car is expected to remain the largest as well as the fastest-growing vehicle type in the market during the forecast period. Huge passenger car production coupled with the growing use of seals remain the key growth propellor of the market in the long run.

Based on the application type, the market is segmented as Engine System, Transmission System, Brake & Suspension System, Body Structure, and Others. Body Structure is expected to remain the largest segment of the market in the coming five years. The transmission System is the fastest-growing segment of the market during the forecast period. These Seals are used in a wide spectrum of engine applications and are designed to withstand high temperatures.

Based on the material type, the market is segmented as Elastomer Seals, Thermoplastic Seals, and Metal Seals. Elastomers are expected to remain the most dominant material type in the market during the forecast period. Elastomers are a desirable material for high-performance applications owing to their good strength, durability, and effectiveness. Owing to their massive array of advantages, elastomers are gaining traction in the automotive industry.

Based on the product type, the market is segmented as O-rings, Gaskets, Profile Seals, Lip Seals, and Others. The dominant product type in the automotive seals market is Profile Seals while the fastest-growing is Lip Seals. Lip Seals have various advantages over their counterparts. Increasing awareness towards the development of vehicles offering greater fuel efficiency is also imprinting the dynamics of the seals market. There has been a paradigm shift from traditional seals to lightweight seals.  

In terms of regions, the market is segmented as North America (The USA, Canada, and Mexico), Europe (Germany, France, The UK, Russia, and Rest of Europe), Asia-Pacific (India, China, Japan, and Rest of Asia-Pacific), Rest of the World (Brazil, Argentina, and Others). Asia-Pacific is expected to remain the largest market for automotive seals during the forecast period. Most of the seals suppliers have their presence in the region to address the emergent needs of OEMs and to be the partner for their upcoming automotive programs or upcoming fuel-efficient vehicles of existing automotive programs. Furthermore, the huge production base of automobiles in China, Japan, India, Korea, and Thailand assures a gargantuan demand for seals in the region.  

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The main steps in the investigation process are:

  • Stratview Research has gathered the raw data from industry experts and direct research analysts using primary and secondary sources.
  • The experts also classify the information obtained by qualitative and quantitative data to place it in a proper way to make final conclusions.
  • This report also provides market intelligence and throws light on critical insights into the market dynamics.

The information gathered in the report enables strategic decision making for the existing players as well as those willing to enter the market. The report contains growth drivers and constraints, market trend and forecast analysis, market segment trend, competitive landscape and dynamics, attractive market segments and associated growth opportunities, etc.

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