Automotive Gasket Market: Trends, Opportunities and Competitive Analysis [2023-2028]

Automotive Gasket Market Trends and Forecast

The future of the global automotive gasket market looks promising with opportunities in the passenger car, commercial vehicle, and medium & heavy duty vehicle markets. The global automotive gasket market is expected to reach an estimated $3.5 billion by 2028 with a CAGR of 5.4% from 2023 to 2028. The major drivers for this market are growing vehicle production and increasing implementation of fuel efficiency norms by governments across the globe.

A more than 150-page report is developed to help in your business decisions.

Automotive Gasket Market by Segment

The study includes trends and forecast for the global automotive gasket market by material, application, vehicle type, end use industry, and region, as follows:

Automotive Gasket Market by Material [Value ($B) Shipment Analysis from 2017 to 2028]:

• Metallic Gaskets
• Elastomeric Gaskets
• Other Gaskets

Automotive Gasket Market by Application [Value ($B) Shipment Analysis from 2017 to 2028]:

• Inlet Section
• Central Engine System
• Exhaust Section
• Transmission System
• Battery
• Others

Automotive Gasket Market by Vehicle Type [Value ($B) Shipment Analysis from 2017 to 2028]:

• Passenger Cars
• Commercial Vehicles
• Medium & Heavy Duty Vehicles

Automotive Gasket Market by End Use Industry [Value ($B) Shipment Analysis from 2017 to 2028]:

• OEM
• Aftermarket

Automotive Gasket Market by Region [Value ($B) Shipment Analysis from 2017 to 2028]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Automotive Gasket Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies, automotive gasket companies in the global market cater to increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the automotive gasket companies in the global automotive gasket market profiled in this report include:

• Dana Incorporated
• ElringKlinger AG
• Talbros Automotive Components
• Tenneco Incorporated
• Nichias Corporation
• Freudenberg Group
• Yantai Ishikawa Sealing Technology
• Kokusan Parts Industry
• Nippon Leakless Corporation

Automotive Gasket Market Insights

• Lucintel forecasts that metallic gaskets is expected to remain the highest growing segment over the forecast period due to its increasing usage in various application, such as heat exchangers, compressors, condensers, and valves.
• Within this market, passenger car will remain the largest segment due to growing sale of passenger car and increasing integration of advanced technologies, such as artificial intelligence, internet of things (IoT), connectivity, and human-machine interface in the vehicles.
• APAC will remain the largest segment over the forecast period due to significantly growing automotive industry and the presence of a large number of OEMs, tier players, and raw material suppliers in the region.

Features of the Automotive Gasket Market

• Market Size Estimates: Automotive gasket market size estimation in terms of value ($B)
• Trend and Forecast Analysis: Market trends (2017-2022) and forecast (2023-2028) by various segments and regions.
• Segmentation Analysis: Automotive gasket market size by various segments, such as by material, application, vehicle type, end use industry, and region
• Regional Analysis: Automotive gasket market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
• Growth Opportunities: Analysis on growth opportunities in different by material, application, vehicle type, end use industry, and regions for the automotive gasket market.
• Strategic Analysis: This includes M&A, new product development, and competitive landscape for the automotive gasket market.
• Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

• Q1. What is the automotive gasket market size?
• Answer: The global automotive gasket market is expected to reach an estimated $3.5 billion by 2028.
• Q2. What is the growth forecast for automotive gasket market?
• Answer: The global automotive gasket market is expected to grow with a CAGR of 5.4% from 2023 to 2028.
• Q3. What are the major drivers influencing the growth of the automotive gasket market?
• Answer: The major drivers for this market are growing vehicle production and increasing implementation of fuel efficiency norms by governments across the globe.
• Q4. What are the major segments for automotive gasket market?
• Answer: The future of the automotive gasket market looks promising with opportunities in the passenger car, commercial vehicle, and medium & heavy duty vehicle markets.
• Q5. Who are the key automotive gasket companies?
• Answer: Some of the key automotive gasket companies are as follows:
  • Dana Incorporated
  • ElringKlinger AG
  • Talbros Automotive Components
  • Tenneco Incorporated
  • Nichias Corporation
  • Freudenberg Group
  • Yantai Ishikawa Sealing Technology
  • Kokusan Parts Industry
  • Nippon Leakless Corporation
• Q6. Which automotive gasket segment will be the largest in future?
• Answer:Lucintel forecasts that metallic gaskets is expected to remain the highest growing segment over the forecast period due to its increasing usage in various application, such as heat exchangers, compressors, condensers, and valves.
• Q7. In automotive gasket market, which region is expected to be the largest in next 5 years?
• Answer: APAC will remain the largest segment over the forecast period due to significantly growing automotive industry and the presence of a large number of OEMs, tier players, and raw material suppliers in the region.
• Q8. Do we receive customization in this report?
• Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the automotive gasket market by material (metallic gaskets, elastomeric gaskets, and other gaskets), application (inlet selection, central engine system, exhaust section, transmission system, battery, and others), vehicle type (passenger car, commercial vehicle, and medium & heavy duty vehicle), end use industry (OEM and aftermarket), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity did occur in the last five years and how did they impact the industry?