Enjoy complimentary customisation on priority with our Enterprise License!
The automotive head gasket market share is expected to increase by 14.01 million units from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 2.82%.
This automotive head gasket market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers automotive head gasket market segmentation by application (passenger vehicles and commercial vehicles), distribution channel (OEM and aftermarket), and geography (North America, Europe, APAC, South America, and MEA). The automotive head gasket market report also offers information on several market vendors, including AB SKF, BRUSS Sealing Systems GmbH, Dana Inc., Datwyler Holding Inc., ElringKlinger AG, Flowserve Corp., Freudenberg SE, Parker Hannifin Corp., Tenneco Inc., and Trelleborg AB among others.
Download the Free Report Sample to Unlock the Automotive Head Gasket Market Size for the Forecast Period and Other Important Statistics
The steady growth of the automotive industry has created a demand for head gaskets is notably driving the automotive head gasket market growth, although factors such as rising demand for electric vehicles may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the automotive head gasket industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Automotive Head Gasket Market Driver
?The steady growth of the automotive industry has created a demand for head gaskets is a major driver fueling the automotive head gasket market growth. The increasing demand for passenger cars is expected to drive the growth of the automobile industry. For instance, in 2018, passenger car production accounted for 74% of global automobile production. The growing demand for passenger cars from countries such as China, India, Brazil, and Indonesia is expected to drive demand in the global automotive head gasket market. Also, an increased preference for lightweight fuel-efficient vehicles is expected to drive market growth. In APAC, Japan is home to major automotive brands like Honda and Toyota, which have massive global penetration. China has been the largest market for automotive, but during the forecast period, India is expected to surpass it due to huge investments being made by major vehicle manufacturers in the country. For instance, KIA Motors has signed an MoU with the Andhra Pradesh government for setting up a car manufacturing plant in the Anantapuram district. The 600-acre plant will be functional by 2019 and will have a 300,000-unit annual capacity. This growth in the automotive industry is directly giving an impetus to the global automotive head gasket market.
Key Automotive Head Gasket Market Trend
An increase in engine durability by using new combinations of materials is a major trend influencing the automotive head gasket market growth. An increase in demand for efficient engines has forced gasket manufacturers to design head gaskets with an optimal sealing capability that allows efficient combustion. Modern head gaskets have high tensile strength and can withstand a wide temperature range. This prevents the bending of essential components like the engine block and head. The efficient sealing capability increases the durability of engines by eliminating leakages. Traditional head gaskets were not capable of withstanding increasing cylinder pressure and high temperatures. Therefore, gasket manufacturers shifted to various combinations of MLS with elastomer coating. At an earlier stage, the MLS gaskets only had three layers of steel, but now they have five layers, and instead of normal steel, the use of spring and carbon steel has increased. Thus, the increasing use of durable materials for the automotive head gasket is driving the market.
Key Automotive Head Gasket Market Challenge
The rising demand for electric vehicles is a major hindrance to the automotive head gasket market growth. An electric engine does not use a head gasket as it is not dependent on combustion between air and fuel. Increasing concerns about global warming have spurred the demand for electric vehicles. The electric vehicle market is still in a nascent stage as the technology is still raw. The most important challenges are the coverage range and the availability of charging stations. To date, the longest range of 335 miles has been provided by Tesla model S. Electric vehicles also face the issue of longer charge times, which is a deterrent when going for long drives. But advancements in battery technology like increased density in lithium-ion batteries will allow storage of more power, which will ultimately increase the range of electric vehicles. Advancements in regenerative braking will also help to convert kinetic energy into more power. The increase in demand for electric cars will negatively impact the global automotive head gasket market.
This automotive head gasket market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
Technavio categorizes the global automotive head gasket market as a part of the global automotive components and accessories market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the automotive head gasket market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the automotive head gasket market encompasses successful business strategies deployed by the key vendors. The automotive head gasket market is fragmented and the vendors are deploying organic and inorganic strategies to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The automotive head gasket market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the automotive head gasket market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The value chain of automotive components and accessories market includes the following core components:
The report has further elucidated other innovative approaches being followed by manufacturers to ensure a sustainable market presence.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Application
6 Market Segmentation by Distribution channel
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Vendor Landscape
11 Vendor Analysis
12 Appendix
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.
Get the report (PDF) sent to your email within minutes.