Automotive Gasket and Seal Market

According to a research report "Automotive Gasket and Seal Market by Type (Gasket, Seal), Gasket Application (Cylinder Head, Exhaust Manifold), Seal Application (Cooling/HVAC, Transmission, Steering, Engine, Brake, Suspension), Vehicle Type, Sales Channel (OEM, Aftermarket), and Region - Global Forecast to 2030" published by MarketsandMarkets, the global automotive gasket and seal market is projected to reach USD 27.97 billion by 2030 from USD 28.01 billion in 2024, at a CAGR of -0.1%.

Browse 240 market data Tables and 85 Figures spread through 274 Pages and in-depth TOC on "Automotive Gasket and Seal Market by Type (Gasket, Seal), Gasket Application (Cylinder Head, Exhaust Manifold), Seal Application (Cooling/HVAC, Transmission, Steering, Engine, Brake, Suspension), Vehicle Type, Sales Channel (OEM, Aftermarket), and Region - Global Forecast to 2030"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/automotive-gasket-seal-market-66737065.html

With EVs' growing market share in the coming years, receding ICE vehicle sales will impact the demand for engine gaskets and seals. The market would be largely driven by the aftermarket segment. Further, technological developments such as Self-lubricating rubber (seal), Formed-in-Place (FIP) gaskets, Cured-in-Place (CIP) gaskets, and Formed-in-Place Foamed (FIPF) gaskets will have a major impact on the automotive gasket and seal market.

The non-metallic gasket segment is estimated to hold the second-largest share of the automotive gasket and seal market during the forecast period.

Non-metallic gaskets seal components such as valve covers, intake manifolds, oil pans, water pumps, thermostats, and turbochargers (T/C), ensuring reliable sealing in low-pressure settings. These gaskets are necessary for preventing fluid leaks and ensuring optimal engine operation. These are often composed of flexible materials such as rubber, silicone, cork, and composites, which have great sealing properties while accepting surface imperfections. These materials were selected because they can tolerate oils, coolants, and other automotive fluids, making them ideal for engine and transmission system applications. The growing need for lightweight and fuel-efficient vehicles is driving the nonmetallic gaskets market, as nonmetallic gaskets are lighter and more flexible than metallic ones. Non-metallic gaskets are manufactured for a variety of automotive applications by companies including Kokusan Parts Industry Co., Ltd. (Japan), Nippon Leakless Corporation (Japan), and Sanwa Packing Industry Co., Ltd. (Japan).

The truck segment is estimated to be the fastest-growing in the automotive gasket and seal market during the forecast period.

Truck segment growth is being driven by the booming logistics and e-commerce industries, which require efficient and dependable transportation solutions to fulfill rising demand. The demand for increased fuel efficiency and lower emissions in response to rigorous environmental requirements encourages the use of innovative sealing systems that improve engine performance while lowering operational and maintenance expenses. While the electrification in the trucks segment is rapid, it is likely to be slower than in passenger cars and buses. As a result, the ICE truck segment is expected to have tremendous growth potential over the forecast period. Companies such as Dana Limited (US), Trelleborg AB (Sweden), Freudenberg Group (Germany), AB SKF (Sweden), and Kokusan Parts Industry Co., Ltd. (Japan), among others, manufacture gaskets and seals for catering to major truck manufacturers.

“North America is expected to grow significantly during the forecast period.”

North America includes countries such as the US, Canada, and Mexico. The US is the largest automotive market in North America. Sales data in North America shows a strong growth potential, particularly for pickup trucks and SUVs, which dominate the market. Thus, the automotive gasket and seal market is expected to grow alongside increasing vehicle sales. Similarly, innovations in materials and manufacturing processes lead to the development of more effective and durable gaskets and seals in the region. Major automotive gaskets and seal manufacturers such as Dana Limited (US), Tenneco Inc. (US), and Parker Hannifin Corp (US), among others, have a presence in the region. Further, the widespread adoption of LCVs and the growing electrification of automotive applications in the U.S. market are key factors influencing the automotive industry in North America. As electrification advances, the market players will focus on developing specialized solutions for electric vehicles, such as advanced thermal management seals, battery enclosure gaskets, and high-performance sealing systems to protect electric drivetrains and critical components. Further, as the government progressively implements stricter emission regulations, the demand for emission-free vehicles is expected to rise, thereby driving the demand for advanced gaskets and seals designed for high-performance and efficient sealing in these vehicles.

Key Players

The major players in the automotive gasket and seal market include ElringKlinger AG (Germany), Dana Limited (US), NOK Corporation (Japan), Nippon Gasket Co., Ltd. (Japan), and Nippon Leakless Corporation (Japan). These companies offer automotive gaskets and seals for automakers and have strong global distribution networks. Companies are also actively collaborating with global OEMs and launching new products to expand their market presence. For instance, in August 2024, Freudenberg Group (Germany) developed a new sealing technology for Central Tire Inflation Systems (CTIS) that improves the safety and efficiency of heavy-duty vehicles.

Don’t miss out on business opportunities in Automotive Gasket and Seal Industry. Speak to our analyst and gain crucial market insights that will help your business grow.

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ’GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Rohan Salgarkar
MarketsandMarkets Inc.
1615 South Congress Ave.
Suite 103,
Delray Beach, FL 33445
USA : 1-888-600-6441
[email protected]