DUBLIN--(BUSINESS WIRE)--The "Global Automotive Seals and Gaskets Market 2017-2021" report has been added to ResearchAndMarkets.com's offering.
Global automotive seals and gaskets market to grow at a CAGR of 4.17% during the period 2017-2021.
The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
The latest trend gaining momentum in the market is manufacturing of high-performance and efficient seals. With increasing development in engine technologies, demand for high-quality seals among OEMs is increasing. Seals play a vital role in engine performance. Their failure will have a significant impact on the engine, thereby increasing the replacement cost.
According to the report, one of the major drivers for this market is the increasing global demand for vehicles. Growing urbanization, increasing disposable income of individuals, and favorable purchasing power parity have enhanced the demand for passenger cars, worldwide. The demand is especially high from APAC, North America, Central Europe, and Western Europe. Countries such as China and India have constantly improved the growth of the automotive industry. The passenger cars segment holds the largest share of the global automotive seals and gaskets market. An increase in the sales of passenger cars has led to an increased demand for automotive seals and gaskets units.
Further, the report states that one of the major factors hindering the growth of this market is high replacement costs. An approximate cost of gasket repair is between $1,500 and $2,500 for the consumers. Such excessive costs are creating a problem for the consumers and becoming a major hindrance to the market growth, especially for the aftermarket.
- Blue Diamond Technologies
- Elring Klinger
Other Prominent Vendors
- Freudenberg Group
- Parker Hannifin Corporation
- Trelleborg Sealing Solutions
- Billi dichtungstechnik
- Henniges Automotive
Key Topics Covered:
Part 01: Executive Summary
Part 02: Scope of the Report
Part 03: Research Methodology
Part 04: Introduction
Part 05: Market Landscape
Part 06: Market Segmentation by Vehicle Type
Part 07: Geographical Segmentation
Part 08: Decision Framework
Part 09: Drivers and Challenges
Part 10: Market Trends
Part 11: Vendor Landscape
Part 12: Key Vendor Analysis
For more information about this report visit https://www.researchandmarkets.com/research/trs6wf/global_automotive?w=4