Automotive Seal Component Market Share 2022: Global Key Findings, Industry Demand, Regional Analysis, Key Players Profiles, Future Prospects and Forecasts to 2027

The Automotive Seal Component Market report is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data that enhances the understanding, scope, and application of this report. The market report additionally gives a to-the-point evaluation of the techniques and plans of action that are being executed by the players and companies to contribute to the Automotive Seal Component market growth.

The Global Automotive Seal Component Market Size is Projected to Reach at a CAGR of 7% during 2022-2027.

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Market Overview

The COVID-19 pandemic had a negative impact on the automotive gaskets and seals market. Due to the lockdown and social distancing protocols in place, the production of different sealing materials was halted. Also, the transport of raw materials across the world was halted, and as a result, a scarcity of materials used in production was also observed. These factors reduced the revenues for the gaskets and seals market and have damaged the industry's economy. The growth of the market studied depends on various factors, such as the adoption rate of electric vehicles in developing nations, increasing electric vehicle infrastructure trends in developed nations, variation in raw material prices, etc. Additionally, the impact of tariff rates among the United States, Europe, and China for automotive components may also contribute to the demand for gaskets and seals.

Top Leading Companies:

Continental AG, Tenneco(Federal-Mogul), Sumitomo Riko, HUTCHINSON SA, TOYODA GOSEI, TRELLEBORG AB

Recent Developments

Continental has acquired 20 companies, including 6 in the last 5 years. A total of 1 acquisition came from private equity firms. Continental’s largest acquisition to date was in 2014 when it acquired Veyance Technologies for $1.9B. Continental has acquired in 6 different US states, and 8 countries. The Company’s most targeted sectors include automotive (55%) and software (20%).
In December 2020, Sumitomo Riko announced that it will supply cell gaskets for Toyota's new Fuel Cell Vehicle - Mirai.

Automotive Seal Component Market Segmentation by Type:

EPDM
NR
SBR

Automotive Seal Component Market Segmentation by Application:

Passenger car
LCV & HCV
Others

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Asia-Pacific and Europe to dominate the Market

Over the last decade, the Asia-Pacific automotive industry has undergone the most significant transformation in its history. The market is recording an increasing share of global vehicle sales. Another major factor driving the growth of the automotive gaskets and seals market is increased production and sales of electric vehicles in the region. The Asia-Pacific region is home to major automotive markets like China, India, and Thailand. China is the world's biggest automotive market and the second-largest market for electric vehicles after Europe recently surpassed it in 2020. Since gaskets and seals find applications in both electric vehicles and conventional ICE vehicles, China presents huge market opportunities. With a large market for passenger and commercial vehicles, India is another major area for potential growth for the gaskets and seals market.

Regional Automotive Seal Component Market (Regional Output, Demand & Forecast by Countries)

North America (United States, Canada, Mexico)
South America (Brazil, Argentina, Ecuador, Chile)
Asia Pacific (China, Japan, India, Korea)
Europe (Germany, UK, France, Italy)
Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) And additional.

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Highlights of the Automotive Seal Component Market Report:

Detailed overview of Automotive Seal Component Market
Changing the Automotive Seal Component market dynamics of the industry
In-depth market segmentation by Type, Application, etc.
Historical, current and projected Automotive Seal Component market size in terms of volume and value
Recent industry trends and developments
Competitive landscape of Automotive Seal Component Market
Strategies of key players and product offerings
Potential and niche segments/regions exhibiting promising growth.

The research includes historic data from 2016 to 2022 and forecasts until 2027 which makes the report an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.

Finally, the Automotive Seal Component Market report is the believable source for gaining the market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request, and market development rate and figure, and so on. Automotive Seal Component industry report additionally Presents a new task SWOT examination, speculation attainability investigation, and venture return investigation.

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