Introduction
The automotive seal market is forecast to grow at a CAGR of 5.5% from 2022 to 2029. The market was valued at USD 4.5 billion in 2020 and is expected to reach USD 6.5 billion by 2029. The study provides an in-depth analysis of the global automotive seal market and offers insights into future growth prospects. The report includes a detailed segmentation of the market by type, material, application, and geography. The type segment includes O-rings, gaskets, and others. The material segment includes rubber, metal, and plastic. The application segment includes engine, transmission, suspension, and others. The report also provides a detailed competitive landscape of the leading players in the market.
Market Overview
The global automotive seal market is growing at a rapid pace with the increasing demand for vehicles. The seals are used in various applications in the automotive industry such as sealing of doors, windows, and trunks; sealing engine compartments; and others. The seals are made up of different materials such as rubber, plastic, metal, and others.
The automotive seal market is segmented on the basis of type, application, material, and vehicle type. On the basis of type, the market is segmented into door seals, window seals, engine compartment seals, and others. On the basis of application, the market is classified into passenger cars, commercial vehicles, and two-wheelers. Based on material type, the market is divided into rubber seals, plastic seals, metal seals, and others. On the basis of vehicle type, the market is classified into passenger cars (PCs), light commercial vehicles (LCVs), heavy commercial vehicles (HCVs), buses & coaches (B&Cs), motorcycles (MCs), three-wheelers (3Ws).
The major players operating in the automotive seal market are Trelleborg AB (Sweden), Federal-Mogul Corporation (U.S.), Hutchinson S.A.(France), Dow Chemical Company (U.S.), Freudenberg & Co.(Germany), bold group(Germany), Parker Hannifin Corporation(U.S.), Cooper Standard Holdings Inc.(U.S.), Tomkins PLC((U
Market Drivers
1. The automotive seal market is driven by the increase in vehicle production and the need for sealing materials in vehicles.
2. The demand for automotive seals is also driven by the growing automotive industry in developing countries.
3. The increase in the number of vehicles on the road and the need for maintenance and repairs are some of the other drivers of the automotive seal market.
Market Restraints
The global automotive seal market faces several restraints that are anticipated to hinder the market growth during the forecast period. These restraints include:
1. Stringent environmental regulations: The automotive industry is subject to stringent environmental regulations, which are expected to increase costs and hamper the market growth.
2. High cost of raw materials: The cost of raw materials used in the production of automotive seals is high, which is expected to negatively impact market growth.
3. Volatile nature of raw material prices: The prices of raw materials used in the production of automotive seals are volatile, which makes it difficult for manufacturers to plan their production in advance and leads to increased costs.
Market Opportunities
The automotive seal market is projected to grow at a CAGR of 5.5% during the forecast period.
The Asia-Pacific region is expected to be the largest market for automotive seals during the forecast period. The growing demand from countries, such as China, India, and South Korea, is expected to drive the growth of the automotive seal market in this region.
The North American region is expected to be the second-largest market for automotive seals during the forecast period. The high demand from the US and Canada is expected to drive the growth of this market in this region.
Europe is expected to be the third-largest market for automotive seals during the forecast period. The presence of major automakers in this region is expected to fuel the growth of automotive seals in Europe.
Covid-19 Impact on Automotive Seal Market:
The outbreak of the covid-19 has a severe and swift impact on the automobile and transportation industry. This is majorly due to the shutdown of assembly plants in the US, interruptions across Europe in large-scale manufacturing, and disruption in the export of Chinese parts. In addition to this, the industry is dealing with reduced demand across the globe due to changes in customer behavior and shifts in a supply-demand chain. A recent study shows a 39% decline in sales of automotive all over the world. Moreover, the nationwide lockdowns have substantially affected the transportation sector. Restrictions on transportation accounted for a 45 to 55% decline in public as well as private transport sectors.
Report Includes
An overview of the global Automotive Seal market, and related technologies and developments. Analyses of global market trends, with historical data from 2018, 2019, and 2020 estimates and projections of CAGRs through 2029. It also includes breakdowns of the overall Automotive Seal market along with various segments, and by geographic region. Analysis of the stakeholder value chain in the Automotive Seal market and comprehensive profiles of leading companies in the industry
Report Scope
The report forecasts the size of the Automotive Seal market for components from 2022 through 2029
The Executive Summary provides a snapshot of key findings of the report. The introduction chapter includes research scope, market segmentation, research methodology, and definitions and assumptions. It involves extreme rigorous scientific methods, tools and techniques to estimate the market size. Exhaustive secondary research is being carried out to collect information related to the market, the parent market, and the peer market. Primary research is undertaken to validate the assumptions, findings, and sizing with the industry experts professionals across the value chain of the market. Both top-down and bottom-up approaches are employed to estimate the complete market size.
The chapter on market dynamics includes market drivers, restraints, and opportunities which helps familiarise with market potential and upcoming opportunities. The chapter on key insights includes emerging trends from major countries, latest technological advancement, regulatory landscape, SWOT analysis, and porters five forces analysis. This chapter provides detailed insights into the market, which derives the market trends, changing phase of investments, scope of profit potential, and helps to take appropriate business decisions. The chapter on competitive analysis includes profiling of leading companies in the global market to map the leading companies and their focus of interest in the market.
After deriving the market size from the market size estimation process, the total market has been split into several segments and sub-segments. To complete the overall market engineering process and arrive at the exact statistics for all segments and sub-segments, the data triangulation and market breakdown procedures is being used. The data triangulation is carried out by studying various factors and trends from demand and supply perspectives.
Segmentation Analysis:
The automotive seal market is broadly segmented on the basis of product type, applications, and geography.
Product Type:
Automotive seals are classified into four major types: door seals, window seals, hood seals, and trunk seals. Door seals are further classified into inner and outer door seals. Window seals are again classified into inner and outer window seals. Hood seals are of two types: front hood seal and rear hood seal. A trunk seal is the final classification of automotive seal and is used in the area between the decklid/tailgate and the main body structure of a vehicle.
Applications:
Automotive seals find applications in a variety of areas such as doors, windows, hoods, trunks, sunroofs, windshields, engine compartments, and so on. Automotive door seal finds its application in sealing the space between a car door and its frame. An automotive window seal helps in sealing the space between a car window and its frame. Automotive hood seal is used for sealing the space between a car's hood and its engine compartment. Automotive trunk seal helps in sealing the space between a car's trunk/deck lid and its main body structure. Automotive sunroof seal helps in sealing the space around a sunroof opening. Automotive windshield seal helps in sealing the space around a windshield opening. Engine compartmental gaskets help in sealing various openings & gaps inside an engine compartment.
Global Automotive Seal market Competitive Analysis:
Key players in the Global Automotive Seal market are Dana Corporation (U.S.), AB SKF (Sweden), Flowserve Corporation (U.S.), Federal-Mogul (U.S.), Smiths Group PLC (U.K.), Trelleborg AB (Sweden), Elringklinger AG (Germany), Freudenberg Sealing Technologies GmbH & Co. KG (Germany), Datwyler (Switzerland), and Victor Gaskets India LTD (India) among other players.
*All our reports are customizable as per customer requirements
This study forecasts revenue and volume growth at global, regional, and country levels from 2018 to 2029. Global Automotive Seal market is distributed on the basis of below mentioned segments:
Global Automotive Seal market, By types:
The automotive seal market is forecast to grow at a CAGR of 5.5% from 2022 to 2029. The market was valued at USD 4.5 billion in 2020 and is expected to reach USD 6.5 billion by 2029. The study provides an in-depth analysis of the global automotive seal market and offers insights into future growth prospects. The report includes a detailed segmentation of the market by type, material, application, and geography. The type segment includes O-rings, gaskets, and others. The material segment includes rubber, metal, and plastic. The application segment includes engine, transmission, suspension, and others. The report also provides a detailed competitive landscape of the leading players in the market.
Market Overview
The global automotive seal market is growing at a rapid pace with the increasing demand for vehicles. The seals are used in various applications in the automotive industry such as sealing of doors, windows, and trunks; sealing engine compartments; and others. The seals are made up of different materials such as rubber, plastic, metal, and others.
The automotive seal market is segmented on the basis of type, application, material, and vehicle type. On the basis of type, the market is segmented into door seals, window seals, engine compartment seals, and others. On the basis of application, the market is classified into passenger cars, commercial vehicles, and two-wheelers. Based on material type, the market is divided into rubber seals, plastic seals, metal seals, and others. On the basis of vehicle type, the market is classified into passenger cars (PCs), light commercial vehicles (LCVs), heavy commercial vehicles (HCVs), buses & coaches (B&Cs), motorcycles (MCs), three-wheelers (3Ws).
The major players operating in the automotive seal market are Trelleborg AB (Sweden), Federal-Mogul Corporation (U.S.), Hutchinson S.A.(France), Dow Chemical Company (U.S.), Freudenberg & Co.(Germany), bold group(Germany), Parker Hannifin Corporation(U.S.), Cooper Standard Holdings Inc.(U.S.), Tomkins PLC((U
Market Drivers
1. The automotive seal market is driven by the increase in vehicle production and the need for sealing materials in vehicles.
2. The demand for automotive seals is also driven by the growing automotive industry in developing countries.
3. The increase in the number of vehicles on the road and the need for maintenance and repairs are some of the other drivers of the automotive seal market.
Market Restraints
The global automotive seal market faces several restraints that are anticipated to hinder the market growth during the forecast period. These restraints include:
1. Stringent environmental regulations: The automotive industry is subject to stringent environmental regulations, which are expected to increase costs and hamper the market growth.
2. High cost of raw materials: The cost of raw materials used in the production of automotive seals is high, which is expected to negatively impact market growth.
3. Volatile nature of raw material prices: The prices of raw materials used in the production of automotive seals are volatile, which makes it difficult for manufacturers to plan their production in advance and leads to increased costs.
Market Opportunities
The automotive seal market is projected to grow at a CAGR of 5.5% during the forecast period.
The Asia-Pacific region is expected to be the largest market for automotive seals during the forecast period. The growing demand from countries, such as China, India, and South Korea, is expected to drive the growth of the automotive seal market in this region.
The North American region is expected to be the second-largest market for automotive seals during the forecast period. The high demand from the US and Canada is expected to drive the growth of this market in this region.
Europe is expected to be the third-largest market for automotive seals during the forecast period. The presence of major automakers in this region is expected to fuel the growth of automotive seals in Europe.
Covid-19 Impact on Automotive Seal Market:
The outbreak of the covid-19 has a severe and swift impact on the automobile and transportation industry. This is majorly due to the shutdown of assembly plants in the US, interruptions across Europe in large-scale manufacturing, and disruption in the export of Chinese parts. In addition to this, the industry is dealing with reduced demand across the globe due to changes in customer behavior and shifts in a supply-demand chain. A recent study shows a 39% decline in sales of automotive all over the world. Moreover, the nationwide lockdowns have substantially affected the transportation sector. Restrictions on transportation accounted for a 45 to 55% decline in public as well as private transport sectors.
Report Includes
An overview of the global Automotive Seal market, and related technologies and developments. Analyses of global market trends, with historical data from 2018, 2019, and 2020 estimates and projections of CAGRs through 2029. It also includes breakdowns of the overall Automotive Seal market along with various segments, and by geographic region. Analysis of the stakeholder value chain in the Automotive Seal market and comprehensive profiles of leading companies in the industry
Report Scope
The report forecasts the size of the Automotive Seal market for components from 2022 through 2029
The Executive Summary provides a snapshot of key findings of the report. The introduction chapter includes research scope, market segmentation, research methodology, and definitions and assumptions. It involves extreme rigorous scientific methods, tools and techniques to estimate the market size. Exhaustive secondary research is being carried out to collect information related to the market, the parent market, and the peer market. Primary research is undertaken to validate the assumptions, findings, and sizing with the industry experts professionals across the value chain of the market. Both top-down and bottom-up approaches are employed to estimate the complete market size.
The chapter on market dynamics includes market drivers, restraints, and opportunities which helps familiarise with market potential and upcoming opportunities. The chapter on key insights includes emerging trends from major countries, latest technological advancement, regulatory landscape, SWOT analysis, and porters five forces analysis. This chapter provides detailed insights into the market, which derives the market trends, changing phase of investments, scope of profit potential, and helps to take appropriate business decisions. The chapter on competitive analysis includes profiling of leading companies in the global market to map the leading companies and their focus of interest in the market.
After deriving the market size from the market size estimation process, the total market has been split into several segments and sub-segments. To complete the overall market engineering process and arrive at the exact statistics for all segments and sub-segments, the data triangulation and market breakdown procedures is being used. The data triangulation is carried out by studying various factors and trends from demand and supply perspectives.
Segmentation Analysis:
The automotive seal market is broadly segmented on the basis of product type, applications, and geography.
Product Type:
Automotive seals are classified into four major types: door seals, window seals, hood seals, and trunk seals. Door seals are further classified into inner and outer door seals. Window seals are again classified into inner and outer window seals. Hood seals are of two types: front hood seal and rear hood seal. A trunk seal is the final classification of automotive seal and is used in the area between the decklid/tailgate and the main body structure of a vehicle.
Applications:
Automotive seals find applications in a variety of areas such as doors, windows, hoods, trunks, sunroofs, windshields, engine compartments, and so on. Automotive door seal finds its application in sealing the space between a car door and its frame. An automotive window seal helps in sealing the space between a car window and its frame. Automotive hood seal is used for sealing the space between a car's hood and its engine compartment. Automotive trunk seal helps in sealing the space between a car's trunk/deck lid and its main body structure. Automotive sunroof seal helps in sealing the space around a sunroof opening. Automotive windshield seal helps in sealing the space around a windshield opening. Engine compartmental gaskets help in sealing various openings & gaps inside an engine compartment.
Global Automotive Seal market Competitive Analysis:
Key players in the Global Automotive Seal market are Dana Corporation (U.S.), AB SKF (Sweden), Flowserve Corporation (U.S.), Federal-Mogul (U.S.), Smiths Group PLC (U.K.), Trelleborg AB (Sweden), Elringklinger AG (Germany), Freudenberg Sealing Technologies GmbH & Co. KG (Germany), Datwyler (Switzerland), and Victor Gaskets India LTD (India) among other players.
*All our reports are customizable as per customer requirements
This study forecasts revenue and volume growth at global, regional, and country levels from 2018 to 2029. Global Automotive Seal market is distributed on the basis of below mentioned segments:
Global Automotive Seal market, By types:
- Automotive Powertrain Seals
- Automotive Body Seals
- Others
- OEMs
- Aftermarket
- Others
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East and Africa
- GCC
- South Africa
- Rest of Middle East and Africa
Frequently Asked Questions (FAQ) :
Q1. What are the driving factors for the global Automotive Seal market?
The rising need for sealing solutions is boosting the automotive seal market
Q2. Which Segments are covered in the global Automotive Seal market report?
Product type, Applications, and Geography. these segments are covered in the global Automotive Seal market report.
Q3. Which are the prominent players in the global AutomotiveSeal market?
Dana Corporation (U.S.), AB SKF (Sweden), Flowserve Corporation (U.S.), Federal-Mogul (U.S.), Smiths Group PLC (U.K.), Trelleborg AB (Sweden), Elringklinger AG (Germany), Freudenberg Sealing Technologies GmbH & Co. KG (Germany), Datwyler (Switzerland), and Victor Gaskets India LTD (India) are some key players in the global Automotive Gasket and Seal market
Automotive Seal MARKET STUDY GLOBAL MARKET ANALYSIS, INSIGHTS AND FORECAST, 2022-2029
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Automotive Seal Market Analysis (USD Billion), Insights and Forecast, 2018-2029
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Segment 1
- 5.2.1. Sub-Segment 1
- 5.2.2. Sub-Segment 2
- 5.3. Market Analysis, Insights and Forecast – By Segment 2
- 5.3.1. Sub-Segment 1
- 5.3.2. Sub-Segment 2
- 5.3.3. Sub-Segment 3
- 5.3.4. Others
- 5.4. Market Analysis, Insights and Forecast – By Segment 3
- 5.4.1. Sub-Segment 1
- 5.4.2. Sub-Segment 2
- 5.4.3. Sub-Segment 3
- 5.4.4. Others
- 5.5. Market Analysis, Insights and Forecast – By Region
- 5.5.1. North America
- 5.5.2. Latin America
- 5.5.3. Europe
- 5.5.4. Asia Pacific
- 5.5.5. Middle East and Africa
6. North America Automotive Seal Market Analysis (USD Billion), Insights and Forecast, 2016-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Segment 1
- 6.2.1. Sub-Segment 1
- 6.2.2. Sub-Segment 2
- 6.3. Market Analysis, Insights and Forecast – By Segment 2
- 6.3.1. Sub-Segment 1
- 6.3.2. Sub-Segment 2
- 6.3.3. Sub-Segment 3
- 6.3.4. Others
- 6.4. Market Analysis, Insights and Forecast – By Segment 3
- 6.4.1. Sub-Segment 1
- 6.4.2. Sub-Segment 2
- 6.4.3. Sub-Segment 3
- 6.4.4. Others
- 6.5. Market Analysis, Insights and Forecast – By Country
- 6.5.1. U.S.
- 6.5.2. Canada
7. Latin America Automotive Seal Market Analysis (USD Billion), Insights and Forecast, 2016-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Segment 1
- 7.2.1. Sub-Segment 1
- 7.2.2. Sub-Segment 2
- 7.3. Market Analysis, Insights and Forecast – By Segment 2
- 7.3.1. Sub-Segment 1
- 7.3.2. Sub-Segment 2
- 7.3.3. Sub-Segment 3
- 7.3.4. Others
- 7.4. Market Analysis, Insights and Forecast – By Segment 3
- 7.4.1. Sub-Segment 1
- 7.4.2. Sub-Segment 2
- 7.4.3. Sub-Segment 3
- 7.4.4. Others
- 7.5. Insights and Forecast – By Country
- 7.5.1. Brazil
- 7.5.2. Mexico
- 7.5.3. Rest of Latin America
8. Europe Automotive Seal Market Analysis (USD Billion), Insights and Forecast, 2018-2029
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Segment 1
- 8.2.1. Sub-Segment 1
- 8.2.2. Sub-Segment 2
- 8.3. Market Analysis, Insights and Forecast – By Segment 2
- 8.3.1. Sub-Segment 1
- 8.3.2. Sub-Segment 2
- 8.3.3. Sub-Segment 3
- 8.3.4. Others
- 8.4. Market Analysis, Insights and Forecast – By Segment 3
- 8.4.1. Sub-Segment 1
- 8.4.2. Sub-Segment 2
- 8.4.3. Sub-Segment 3
- 8.4.4. Others
- 8.5. Market Analysis, Insights and Forecast – By Country
- 8.5.1. UK
- 8.5.2. Germany
- 8.5.3. France
- 8.5.4. Italy
- 8.5.5. Spain
- 8.5.6. Russia
- 8.5.7. Rest of Europe
9. Asia Pacific Automotive Seal Market Analysis (USD Billion), Insights and Forecast, 2018-2029
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Segment 1
- 9.2.1. Sub-Segment 1
- 9.2.2. Sub-Segment 2
- 9.3. Market Analysis, Insights and Forecast – By Segment 2
- 9.3.1. Sub-Segment 1
- 9.3.2. Sub-Segment 2
- 9.3.3. Sub-Segment 3
- 9.3.4. Others
- 9.4. Market Analysis, Insights and Forecast – By Segment 3
- 9.4.1. Sub-Segment 1
- 9.4.2. Sub-Segment 2
- 9.4.3. Sub-Segment 3
- 9.4.4. Others
- 9.5. Market Analysis, Insights and Forecast – By Country
- 9.5.1. China
- 9.5.2. India
- 9.5.3. Japan
- 9.5.4. Australia
- 9.5.5. South East Asia
- 9.5.6. Rest of Asia Pacific
10. Middle East & Africa Automotive Seal Market Analysis (USD Billion), Insights and Forecast, 2016-2027
- 10.1. Key Findings / Summary
- 10.2. Market Analysis, Insights and Forecast – By Segment 1
- 10.2.1. Sub-Segment 1
- 10.2.2. Sub-Segment 2
- 10.3. Market Analysis, Insights and Forecast – By Segment 2
- 10.3.1. Sub-Segment 1
- 10.3.2. Sub-Segment 2
- 10.3.3. Sub-Segment 3
- 10.3.4. Others
- 10.4. Market Analysis, Insights and Forecast – By Segment 3
- 10.4.1. Sub-Segment 1
- 10.4.2. Sub-Segment 2
- 10.4.3. Sub-Segment 3
- 10.4.4. Others
- 10.5. Market Analysis, Insights and Forecast – By Country
- 10.5.1. GCC
- 10.5.2. South Africa
- 10.5.3. Rest of Middle East & Africa
11. Competitive Analysis
- 11.1. Company Market Share Analysis, 2020
- 11.2. Key Industry Developments
- 11.3. Company Profile
- 11.3.1. Company 1
- 11.3.1.1. Business Overview
- 11.3.1.2. Segment 1 & Service Offering
- 11.3.1.3. Overall Revenue
- 11.3.1.4. Geographic Presence
- 11.3.1.5. Recent Development
- 11.3.2. Company 2
- 11.3.3. Company 3
- 11.3.4. Company 4
- 11.3.5. Company 5
- 11.3.6. Company 6
- 11.3.7. Company 7
- 11.3.8. Company 8
- 11.3.9. Company 9
- 11.3.10. Company 10
- 11.3.11. Company 11
- 11.3.12. Company 12
- 11.3.1. Company 1
Research Process
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
