Market Highlights
Speciality gaskets include all types of gaskets used in the automotive industry other than cylinder head gaskets. It is a flexible sealing system that helps to prevent leakages, to maintain internal pressures, and block the intrusion of foreign materials such as, dirt and pollutants. With the increasing demand for lightweight materials in the automotive industry with the sole aim to improve fuel efficiency and reduce carbon emissions, the demand for highly efficient, robust, and reliable gaskets is evolving that meet the requirements of modern automotive engines & systems. With technical advancements, gaskets now provide a cost-effective way to improve fuel efficiency paired with lowering repair and maintenance costs, extending the average life span of vehicle components.Until 2017, the automotive industry was seeing healthy expansion. Following that, the industry had a severe downturn in 2018 and 2019, mainly due to the US-China trade war, which resulted in a global economic recession. While a good recovery was projected in 2020, the pandemic hit the industry hard in 2020, causing significant disruption and losses for stakeholders. In 2020, the market for speciality gaskets dropped by -16.0% causing unthinkable loss to the shareholders. The long-term outlook appears to be favourable. The market for speciality gaskets in the automotive industry is expected to grow at a healthy CAGR of 5.6% during 2021-2026, taking the market to US$ 2.3 billion by 2026.
Market Segments' Analysis
Based on the vehicle type, the automotive speciality gaskets market is segmented as passenger car, LCV, and M&HCV. Despite a drop in 2020, passenger car is predicted to remain the largest as well as the fastest-growing vehicle type in the market during the forecast period. With the increasing production of electric vehicles, there has been an incessant demand for speciality gaskets to protect electric motors from lubricants and to cover battery housings from dirt, moisture, and external environmental conditions. Based on the material type, the market is segmented as metallic gaskets, elastomeric gaskets, composite gaskets, and other gaskets. Metallic gaskets are expected to remain the most dominant material type in the market during the forecast period. Because of their strength, stiffness, and toughness, metallic gaskets are suitable for high-performance applications. Major automobile gasket suppliers are focused on designing cost-effective gaskets made of high-quality materials and built to endure extreme heat and pressure.
Based on the application type, the market is segmented as inlet section, central engine system, exhaust section, transmission system, battery, and others. Central engine system is expected to remain the larger segment of the market during the forecast period. Stringing vehicle emission standards across the world are enforcing automotive stakeholders to focus on engine downsizing and exhaust gas purification systems. This is increasing the demand for highly efficient engine gaskets that can withstand extreme temperature and pressure conditions.
Based on the end-user type, the market is segmented as OE and aftermarket. OE is likely to continue to be the market's larger segment throughout the projection period. High durability and reliability of the gaskets is the major factor behind the dominance of the OE segment in the automotive speciality gaskets market.
In terms of regions, Asia-Pacific is expected to remain the largest market for automotive speciality gaskets during the forecast period. Asia-Pacific is the leading producer of automobiles with huge production bases in China, Japan, India, Korea, and Thailand. North America is projected to witness the highest growth in the automotive speciality gaskets market during the forecast period, mainly driven by the USA.
Key Players
The following are the key players in the automotive speciality gaskets market:
- Dana Incorporated
- ElringKlinger AG
- Talbros Automotive Components Ltd.
- Tenneco Incorporated
- Nichias Corporation
- Freudenberg Group
- Uchiyama Manufacturing Corporation
- Yantai Ishikawa Sealing Technology Co., Ltd.
- Nippon Gasket Co., Ltd.
- Kokusan Parts Industry Company Limited
- Nippon Leakless Corporation
Research Methodology
This strategic assessment report provides a comprehensive analysis that reflects today’s automotive specialty gaskets market realities and future market possibilities for the forecast period of 2021 to 2026. The report segments and analyses the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with the publisher's internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.
Report Features
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:- Market structure: Overview, industry life cycle analysis, supply chain analysis.
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
- Market trend and forecast analysis.
- Market segment trend and forecast.
- Competitive landscape and dynamics: Market share, Product portfolio, New Product Launches, etc.
- Attractive market segments and associated growth opportunities.
- Emerging trends.
- Strategic growth opportunities for the existing and new players.
- Key success factors.
The automotive speciality gaskets market is segmented into the following categories:
Automotive Specialty Gaskets Market, by Vehicle Type
- Passenger Car (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Light Commercial Vehicle (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Medium- & Heavy-Duty Commercial Vehicle (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Automotive Specialty Gaskets Market, by Material Type
- Metallic Gaskets (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Elastomeric Gaskets (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Composite Gaskets (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Other gaskets (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Automotive Specialty Gaskets Market, by Application Type
- Inlet Section (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Central Engine System (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Exhaust Section (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Transmission System (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Battery (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Automotive Specialty Gaskets Market, by End-User Type
- OE (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Aftermarket (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Automotive Specialty Gaskets Market, by Region
- North America (Country Analysis: The USA, Canada, and Mexico)
- Europe (Country Analysis: Germany, France, the UK, Russia, and Rest of Europe)
- Asia-Pacific (Country Analysis: Japan, China, India, and Rest of Asia-Pacific)
- Rest of the World (Country Analysis: Brazil, Argentina, and Others)
Table of Contents
- Report Scope
- Report Objectives
- Research Methodology
- Market Segmentation
- Secondary Research
- Key Information Gathered from Secondary Research
- Primary Research
- Key Information Gathered from Primary Research
- Breakdown of Primary Interviews by Region, Designation, and Value Chain Node
- Data Analysis and Triangulation
1. Executive Summary
2. Automotive Speciality Gaskets Market Environment Analysis
3. Automotive Speciality Gaskets Market – The COVID-19 Impact Assessment
4. Automotive Speciality Gaskets Market Assessment (2015-2026)
5. Competitive Analysis
6. Strategic Growth Opportunities
7. Company Profile of Key Players (Alphabetically Arranged)
8. Appendix
Companies Mentioned
- Dana Incorporated
- ElringKlinger AG
- Talbros Automotive Components Ltd.
- Tenneco Incorporated
- Nichias Corporation
- Freudenberg Group
- Uchiyama Manufacturing Corporation
- Yantai Ishikawa Sealing Technology Co., Ltd.
- Nippon Gasket Co., Ltd.
- Kokusan Parts Industry Company Limited
- Nippon Leakless Corporation
Methodology
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