Automotive Gasket and Seal Market worth $12,362 Million by 2020

DALLAS, March 25, 2015 /PRNewswire/ --

The report "Automotive Gasket & Seal Market by Product Type (Gasket, Metallic Gasket, Non Metallic Gasket, Seals, Mechanical Seals, O Ring Seals, Lip Seals & Rotary Seals), by Vehicle Type (PC, LCV & HCV), by Geography - Global Forecast & Analysis to 2020", published by MarketsandMarkets, The global Automotive Gasket and Seal Market estimated a market value of around $ 8,877.5 million by 2015 and poised to reach $12,362 Million by 2020 at a CAGR of 6.85% from 2015-2020.

Browse 79 market data tables and 52 figures spread through 250 pages and in-depth TOC on "Automotive Gasket & Seal Market".                                  

http://www.marketsandmarkets.com/Market-Reports/automotive-gasket-seal-market-66737065.html

Early buyers will receive 10% customization on this report. 

Make an inquiry: http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=66737065

Asia-Pacific: A potential market and growing at a noteworthy rate 

The Asia-Pacific region comprises of countries such as China, India, Japan, and South Korea. The region is dominated by developing countries including India and China, where the automotive industry is growing at a faster pace than other countries in region. Growth in the technological improvements in mechanical strength and sealing capabilities is expected to push the demand for high-performance and functional products used in the automotive industry.  The Automotive Gasket and Seal Market of the Asia-Pacific region are projected to grow at a CAGR of 7.06% from 2015-2020.

Europe: Eastern Europe would be the upcoming potential market 

Europe is a major hub for several renowned OEMs, which are known for delivering quality and high-performance vehicles. However, Eastern Europe still follows the western European countries such as the U.K., Germany, France, and Italy. This gives exposure to the OEMs to expand their footprints in Eastern Europe, which is expected to foster demand for Automotive Gaskets and Seals in Europe. The European Automotive Gasket and Seal Market is projected to grow at a CAGR of 6.42% from 2015-2020.

North America: Mexico & Canada have emerged as growing automotive hubs 

The North American region comprises of developed countries such as the U.S., Canada, and Mexico. However, the North American Automotive Gasket and Seal Market is dominated by the U.S., which is known as an automotive hub for renowned OEMs. The materials used in gasket fabrication have improved over time; silicone rubber has become a preferred material for gaskets and seals.  Lightweight components in automobiles are sealed with high-strength gaskets and seals to endure high heat and pressure. This indirectly helps in improving fuel-efficiency of vehicles with increasing use of lightweight materials in vehicles. Furthermore, many OEMs are planning to set up vehicle production plants in Mexico and Canada, which in turn drives the demand for automotive gasket and seal market in the region. The North American Automotive Gasket and Seal Market is projected to grow at a CAGR of 7.33% from 2015-2020.

The report covers the global Automotive Gasket and Seal Market in terms of volume (thousands) and value ($million) across regions such as Asia-Pacific, Europe, North America, and Rest of the World (RoW). It explains qualitative and quantitative aspects of automotive gasket and seal. The report briefly explains The Automotive Gasket and Seal Market on the basis of region, product, and vehicle type from 2015-2020.

The report also offers an overview of the technical as well as other important aspects of the Automotive Gasket and Seal Market. This includes analysis of the industry value chain, Porter's Five Forces analysis, PEST analysis, competitive landscape, and company profiles. In addition to this, 10 key players of the automotive gasket and seal industry have also been profiled.

Browse related reports:  

Automotive Coolant & Lubricant Market by Vehicle Type (Passenger Car, LCV, & HCV), Application (Coolant-Engine & HVAC, Lubricant-Engine, Brake, & Transmission), Region & Aftermarket - Global Trends & Forecast to 2019  http://www.marketsandmarkets.com/Market-Reports/automotive-coolants-lubricants-market-254296375.html

Automotive Pumps Market by Product Type (Fuel Pump, Oil Pump, Water Pump, Windshield Washer Pump, Transmission Pump and Steering Pump), by Vehicle Type (PC, LCV, HCV, and Two-Wheelers), by Technology (Electric, Mechanical, and Hydraulic), by Region (North America, Europe, Asia-Pacific, and ROW) - Global Trends and Forecast to 2019

http://www.marketsandmarkets.com/Market-Reports/automotive-pumps-market-242990293.html

About MarketsandMarkets 

MarketsandMarkets is world's No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Subscribe Reports from Automotive Domain @ http://www.marketsandmarkets.com/Subscription.html

Contact:

Mr.Rohan
North-Dominion Plaza
17304PrestonRoad
Suite800, Dallas, TX75252
Tel: +1-888-600-6441
Email: [email protected]
VisitMarketsandMarketsBlog@http://mnmblog.org/market-research/automotive-transportation
ConnectwithusonLinkedIn@http://www.linkedin.com/company/marketsandmarkets

SOURCE MarketsandMarkets