The study involved four major activities in estimating the current size of the automotive gasket and seal market. Exhaustive secondary research was done to collect information on the market, peer, and child markets. The next step was to validate these findings and assumptions and size them with industry experts across value chains through primary research. The top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation processes were used to estimate the market size of segments and subsegments.
Secondary Research
In the secondary research process, various secondary sources such as company annual reports/presentations, press releases, industry association publications [for example, International Organization of Motor Vehicle Manufacturers (OICA), National Highway Traffic Safety Administration (NHTSA), International Energy Association (IEA)], articles, directories, technical handbooks, trade websites, technical articles, and databases (for example, Marklines, and Factiva) have been used to identify and collect information useful for an extensive commercial study of the global automotive gasket and seal market.
Primary Research
Extensive primary research was conducted after understanding the scenario of the automotive gasket and seal market through secondary research. Several primary interviews were conducted with market experts from demand (OEMs) and supply (component manufacturers) across North America, Europe, Asia Pacific, and the Rest of the World. Approximately 51% and 49% of primary interviews were conducted on demand and supply sides. Primary data was collected through questionnaires, emails, and telephonic interviews.
In the canvassing of primaries, various departments within organizations, such as sales, operations, and administration, were covered to provide a holistic viewpoint in this report. After interacting with industry experts, brief sessions with highly experienced independent consultants were also conducted to reinforce the findings from primaries. This and the in-house subject-matter experts’ opinions led to the findings described in the remainder of this report.
Note: Company tiers are based on the value chain; revenue of the company is not considered.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
Both top-down and bottom-up approaches were used to estimate and validate the total size of the automotive gasket and seal market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:
Automotive Gasket and Seal Market : Top-Down and Bottom-Up Approach
Data Triangulation
After arriving at the overall market size—using the market size estimation processes as explained above—the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides.
Market Definition
Automotive gaskets and seals are components used to prevent leakage of fluids and gases within vehicle systems, ensuring efficient operation. Gaskets are typically placed between two surfaces to create a seal, while seals are used to block gaps around moving parts, such as shafts or rotating elements.
Stakeholders
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Automotive component manufacturers
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Associations, forums, and alliances related to automobiles
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Automobile organizations/associations
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Automotive original equipment manufacturers
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Automotive investors
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Automotive gasket and seal manufacturers
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EV battery manufacturers
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EV charging equipment manufacturers
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EV component manufacturers
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EV manufacturers
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Government agencies and policymakers
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Raw material suppliers for automotive gaskets and seals
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Traders and distributors of automotive gaskets and seals
Report Objectives
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To analyze and forecast the automotive gasket and seal market in terms of value (USD million) from 2024 to 2030
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To segment the market by type, gasket application, seal application, vehicle type, sales channel, and region
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To segment and forecast the automotive gasket and seal market, by value, based on type (metallic gasket, non-metallic gasket, O-ring seal, mechanical seal, rotary/lip seal, and valve stem seal)
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To segment and forecast the automotive gasket and seal market, by value, based on gasket application (cylinder head, exhaust manifold, and others)
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To segment and forecast the automotive gasket and seal market, by value, based on seal application (cooling/HVAC, transmission, steering, engine, brake, and suspension)
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To segment and forecast the automotive gasket and seal market, by value, based on vehicle type (passenger cars, light commercial vehicles, buses, and trucks)
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To segment and forecast the automotive gasket and seal market, by value, based on sales channel (OEM, and aftermarket)
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To segment and forecast the automotive gasket and seal market, by value, based on region (Asia Pacific, Europe, North America, and the Rest of the World)
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To identify and analyze key drivers, challenges, restraints, and opportunities influencing the market growth
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To strategically analyze the market for individual growth trends, prospects, and contributions to the total market
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To study the following with respect to the market
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Value Chain Analysis
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Ecosystem Analysis
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Technology Analysis
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Trade Analysis
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Investment and Funding Scenario
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Pricing Analysis
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Case Study Analysis
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Patent Analysis
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Regulatory Landscape
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Key Stakeholders and Buying Criteria
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To strategically profile the key players and comprehensively analyze their market share and core competencies
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To analyze the opportunities for stakeholders and the competitive landscape for market leaders
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To track and analyze competitive developments such as deals, product launches/developments, expansions, and other activities undertaken by the key industry participants
Available Customizations
With the given market data, MarketsandMarkets offers customizations in accordance with the company’s specific needs.
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Additional Company Profiles (up to 5 companies)
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Detailed Analysis of the Automotive gasket and seal Market, By Electric Vehicle Type
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Detailed Analysis of the Automotive gasket and seal market, By Material type
TRUCK: FASTEST-GROWING SEGMENT IN REGION
PASSENGER CAR: LARGEST SEGMENT IN REGION
Growth opportunities and latent adjacency in Automotive Gasket and Seal Market