Cylinder Head Gasket Market Trends, Business Overview, Industry Growth and Forecast to 2028

The global cylinder head gasket market is anticipated to grow at a CAGR of 5.5% during the forecast period (2022-2028). Cylinder head gaskets are defined as the enabler of the cap between the cylinder heads and engine block. The primary purpose of these gaskets includes capping the combustion gases trapped in the cylinders by simultaneously avoiding the coolant or engine oil leaking inside the cylinders. The market growth is majorly attributable to the the surge in the number of automobile cars globally in recent years as a result of increase in per capita income, increased urbanization and industrialization, growth in the standard of living, and change in consumer preferences. For instance, as per the International Organization of Motor Vehicle Manufacturers (OICA), total automotive sales including the passenger cars and light commercial automotives, had increased to 92,654,055 units in 2018 from 91,458,490 units in 2016. Such augmented automotive sales have surged the growth of the market.

Other key driving factors for the market growth include the major benefits provided by these head gaskets as they maintain the effective combustion inside the engine, prevent leakage, and prevent the loss of energy, among others. Further, these gaskets contribute to reduce the overall maintenance cost and improve lifespan of the engine and its components. They are generally durable, heat resistant, and light in weight. All these key features are further anticipated to augment the market growth in the future years.

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Market Coverage
•The market number available for - 2021-2028
•Base year- 2021
•Forecast period- 2022-2028
•Segment Covered-
•By Type
•By Application
•Regions covered-
•North America
•Europe
•Asia-Pacific
•Rest of the World

Competitive Landscape: Dana Ltd., ElringKlinger AG, and Nichias Corp., among others.

A full report Cylinder Head Gasket Market of is available at:  https://orionmarketreports.com/cylinder-head-gasket-market/107430/

Global Cylinder Head Gasket Market Report by Segment
By Type
•Metal Gasket
•Non-Metal Gasket
•Composite Material
By Application
•Passenger Cars
•Commercial Vehicles

Key questions addressed by the report
•What is the market growth rate?
•Which segment and region dominate the market in the base year?
•Which segment and region will project the fastest growth in the market?
•How has COVID-19 impacted the market?
•Deviation from the pre-COVID-19 forecast
•Most affected region and segment
•Who is the leader in the market?
•How players are addressing challenges to sustain growth?
•Where is the investment opportunity?

 
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This release was published on openPR.