The MarketWatch News Department was not involved in the creation of this content.
Aug 12, 2020 (Market Insight Reports) —
Selbyville, Delaware According to Market Study Report, Provides A Detailed Overview Of Automotive Gasket & Seals Market With Respect To The Pivotal Drivers Influencing The Revenue Graph Of This Business Sphere. The Current Trends Of Automotive Gasket & Seals Market In Conjunction With The Geographical Landscape, Demand Spectrum, Remuneration Scale, And Growth Graph Of This Vertical Have Also Been Included In This Report.
Global Automotive Gasket & Seals Market Size, Share is valued approximately USD 11,553 million in 2019 and is anticipated to grow with a healthy growth rate of more than 7% over the forecast period 2020-2026.
Request a sample Report of Automotive Gasket & Seals Market at@ https://www.marketstudyreport.com/request-a-sample/2663610/?utm_source=marketwatch.com&utm_medium=ADS
Automotive gaskets and seals are the components which is increasingly used in vehicles to avoid gas and fluid leakage. They fill the gap between the automotive components therefore, ensuring no leakage in vehicles. The seals avoid lubricants from fleeing the bearings. These components also avoid dust and other contaminants from entering the automotive machineries. With the technological developments, gaskets and seals also provide an effective means to get better fuel economy and have reduced the requirement of repair and maintenance, thereby enhancing the average lifespan of automotive components.
Thus, this factor is expected to accelerate the demand of automotive gaskets & seals worldwide. Further, rise in adoption of electric and commercial vehicles, along with the growing concern on environmental and health are the few factors responsible for high CAGR of the market over the forecast period. For instance, As per the Edison Electric Institute, the global electric vehicles sales were amounted about 312,000 in Q1 2018, an increase of 58% compared to Q1 2017. Similarly, the number of electric vehicles on the road in the United States, is about 8,90,000 in 2018, up from number of electric vehicles of approximately 6,00,000 in 2017. This, in turn, is expected to accelerate the market growth all over the world. However, the advent of COVID-19 pandemic has a swift and severe impact on every single sector of global industry including automotive sector thus, representing a substantial decline in the production of passenger cars and commercial vehicles. With the reduced production of vehicles, the demand for automotive gaskets and seal also decrease thus, hampering the market growth. Moreover, design and installation issues, along with the fluctuating raw material prices are few other factors limiting the growth of the market over the forecast period of 2020-2026.
The regional analysis of global Automotive Gasket & Seals market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia-pacific is the leading/significant region across the world in terms of market share owing to the increasing volume of passenger cars and electric vehicles, along with the presence of stringent policies for vehicle safety in the region. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2026.
Major market player included in this report are:
AB SKF
Dana Holding Corporation
Federal-Mogul Holdings Corporation
Freudenberg Sealing Technologies (FST)
Flowserve Corporation
Smith Group PLC
Trelleborg AB
Elringklinger AG
Datwyler Holding Inc.
Victor Gaskets India Limited
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product:
Gasket (Metallic, Non-Metallic)
Seals (O-Ring, Rotary, Mechanical, and more)
By Vehicle Type:
Passenger Cars
Commercial Vehicles
Furthermore, years considered for the study are as follows:
Historical year – 2016, 2017, 2018
Base year – 2019
Forecast period – 2020 to 2026
Target Audience of the Global Automotive Gasket & Seals Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
For More Details on this report@ https://www.marketstudyreport.com/reports/global-automotive-gasket-seals-market-size-research?utm_source=marketwatch.com&utm_medium=ADS
Related Report:
Global COVID Impact on Electric Vehicle Market Size study, by Type (Battery Electric Vehicles (BEV), Hybrid Electric Vehicles (HEV), Plug-in Hybrid Electric Vehicles (PHEV)), by Vehicle Class (Mid-Priced, Luxury), by Vehicle Type (Two-wheelers, Passenger Cars, Commercial Vehicles) and Regional Forecasts 2020-2026
Global COVID Impact on Electric Vehicle Market is valued approximately at USD 162 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 22.6% over the forecast period 2020-2026. An electric vehicle (EV) runs on electricity contrasting its counterpart, that functions on fuel. As opposed to internal combustion engine, these vehicles operate on an electric motor that involves continuous supply of energy from batteries. Electric vehicles are mainly intended to replace typical ways of travel as they cause environmental pollution. The vehicles are powered either through a collector system with the help of electricity from charging stations or can be charged by self-charging devices like turbochargers and regenerative braking systems. However, the COVID-19 outbreak poses a great challenge to the global automobile industry as there is lockdown in several countries, due to which production of electric vehicles is restricted.
For More Details on this report@ https://www.marketstudyreport.com/reports/global-covid-impact-on-electric-vehicle-market-size-research?utm_source=marketwatch.com&utm_medium=ADS
About Us
Market Study Report, LLC. is a hub for market intelligence products and services.
We streamline the purchase of your market research reports and services through a single integrated platform by bringing all the major publishers and their services at one place.
Our customers partner with Market Study Report, LLC. to ease their search and evaluation of market intelligence products and services and in turn focus on their company’s core activities.
If you are looking for research reports on global or regional markets, competitive information, emerging markets and trends or just looking to stay on top of the curve then Market Study Report, LLC. is the platform that can help you in achieving any of these objectives.
Contact Us:
Market Study Report LLC
4 North Main Street,
Selbyville, Delaware 19975
USA
Phone: 1-302-273-0910
US Toll Free: 1-866-764-2150
Email: sales@marketstudyreport.com
Website: https://www.marketstudyreport.com
Blog: https://www.marketstudyreport.com/blog/
This Press Release has been written with the intention of providing accurate market information which will enable our readers to make informed strategic investment decisions. If you notice any problem with this content, please feel free to reach us on editorial@themarketpublicist.com
COMTEX_369286946/2599/2020-08-12T07:33:14
Is there a problem with this press release? Contact the source provider Comtex at editorial@comtex.com. You can also contact MarketWatch Customer Service via our Customer Center.
The MarketWatch News Department was not involved in the creation of this content.
