The report entitled; “Automotive Engine Seals Market, Trends, Dynamics, and Market Analysis,” recently published by Stratview Research offers a comprehensive outlook of the industry. This report by Vehicle Type (Passenger Car, Light Commercial Vehicle, and Medium- & Heavy-Duty Commercial Vehicle), by Material Type (Elastomer Seals, Thermoplastic Seals, and Metal Seals), by Product Type (O-rings, Gaskets, Lip Seals, and Others), by Motion Type (Static Seals, Linear Seals, and Rotary Seals), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
Market Segments’ Analysis
Based on the vehicle type, the automotive engine seals market is segmented as passenger car, light commercial vehicle (LCV), medium- & heavy-duty commercial vehicle (MHCV). Despite hefty decline amid the pandemic, passenger car is expected to remain the largest market segment of the market during the forecast period. The vehicle type is also estimated to grow at the fastest rate during the same period. A continuous shift from traditional vehicles to electric vehicles is negatively impacting the demand for seals for engine applications. Stringent regulations, such as CAFÉ standards, are compelling automakers to develop vehicles offering greater fuel efficiency. All the crucial components are under scrutiny intending to shed off weight. Seals are also on the radar of tier players with OEMs asking lightweight seals.
On the basis of product type, the market is segmented as o-rings, gaskets, lip seals, and others. Gasket is expected to remain the dominant product type in the market during the forecast period. Cylinder head proves to be the major application of gaskets in automotive engines. There have been remarkable improvements in the cylinder heads over the eons, making reciprocal changes in the design, material, process, etc. in cylinder head gaskets.
In terms of regions, Asia-Pacific is expected to remain the largest market for automotive engine seals during the forecast period. This region is a manufacturing hub of the automobile assembly with the presence of a large number of OEMs such as Toyota and Hyundai. Furthermore, the domestic demand for automobiles is growing at a rapid pace, especially in the developing Asian economies, particularly in China and India. All the major engine manufacturers have a presence in the region to serve the growing demand.
Key Players
The following are the key players in the automotive engine seals market.
- AB SKF
- Dana Incorporated
- Datwyler Holding
- Elringklinger AG
- Federal-Mogul Corporation
- Flowserve Corporation
- Freudenberg Group
- Hutchinson S.A.
- Meccanotecnica Umbra S.p.A.
- Smiths Group PLC
- Trelleborg AB
To know more about this report, click here: https://www.stratviewresearch.com/1955/automotive-engine-seals-market.html
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