About Automotive Seals and Gaskets
An automotive seal or a mechanical seal helps in joining the two components that could help in preventing leakages. The common applications where these seals are used are fuel injection, pinion oil, transmission, steering, axle, fuel pump, oil pump, brake pump, coolant pump, and washer pump. These seals play a vital role in a vehicle, as their fault may lead to engine misfires and increase in maintenance costs if not frequently checked and replaced. Use of these seals in powertrain is unavoidable and cannot be substituted. Because of their high importance, manufacturers are involved in developing efficient and high-performance seals that can perform at high temperatures and pressures in modern engines. An automotive gasket is a mechanical seal that helps in filling the gaps between the two or more mating surfaces to prevent leakages into or from the joined components during the compression cycle. They are associated with many advantages such as they do not burn through and do not develop leaks and sealing problems. Their prime requirement is that they need smooth surfaces on both the cylinder head and engine block to seal properly.
Technavio’s analysts forecast the global automotive seals and gaskets market to grow at a CAGR of 4.17% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global automotive seals and gaskets market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of automotive seals and gaskets.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Automotive Seals and Gaskets Market 2017-2021
Technavio recognizes the following companies as the key players in the global automotive seals and gaskets market: Blue Diamond Technologies, Dana, Elring Klinger, and SKF.
Other Prominent Vendors in the market are: Freudenberg Group, Federal-Mogul, Parker Hannifin Corporation, Trelleborg Sealing Solutions, Flowserve, billi dichtungstechnik, Henniges Automotive, and KACO.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Manufacturing of high-performance and efficient seals. With increasing development in engine technologies, demand for high-quality seals among OEMs is increasing. Seals play a vital role in engine performance. Their failure will have a significant impact on the engine, thereby increasing the replacement cost. Engine downsizing is a universal trend that is being followed by major auto manufacturers. Modern designs are being introduced in the market with limited space in the engine compartment, which requires seals to work at high temperature. To cater to this demand, automotive seal manufacturers are in quest of increasing the reliability and performance of seals to work at high temperature.”
According to the report, one of the major drivers for this market is Increasing global demand for vehicles. Growing urbanization, increasing disposable income of individuals, and favorable purchasing power parity have enhanced the demand for passenger cars, worldwide. The demand is especially high from APAC, North America, Central Europe, and Western Europe. Countries such as China and India have constantly improved the growth of the automotive industry. The passenger cars segment holds the largest share of the global automotive seals and gaskets market. An increase in the sales of passenger cars has led to an increased demand for automotive seals and gaskets units.
Further, the report states that one of the major factors hindering the growth of this market is High replacement costs. The automotive gaskets market is facing a challenge of high replacement costs. A gasket is essential for an engine’s proper functioning. The head gasket performs a critical function in an engine. A gasket seals an engine's cylinders and stops the coolant and oil from leaking. In an actual scenario, the replacement cost of gaskets is not that high but the repair, which includes the removal or replacing the engine head, is time-consuming and involves high cost of labor. If in these scenarios, the blown gaskets are not treated, they can seriously damage the engine and would lead to even more expensive operation of engine rebuilding. An approximate cost of gasket repair is between $1,500 and $2,500 for the consumers. Such excessive costs are creating a problem for the consumers and becoming a major hindrance to the market growth, especially for the aftermarket.
Blue Diamond Technologies, Dana, Elring Klinger, and SKF, Freudenberg Group, Federal-Mogul, Parker Hannifin Corporation, Trelleborg Sealing Solutions, Flowserve, billi dichtungstechnik, Henniges Automotive, and KACO.