Automotive gaskets and related seals usually cover all variants of mechanical seals which are able to fill the gap between any two components of an automobile, thereby ensuring that leakages if any during compression are avoided.
The industry report titled, “Europe Automotive Gasket and Seal Industry Situation and Prospects Research report” is a professional and in-depth study on the current state of the Automotive Gasket and Seal industry in Europe. It offers a comprehensive analysis to its users involving the integrity of logic and totality of contents. Basically, the report portrays an outlay of the industry including specific definitions, classifications, applications and industry chain structure along with a market analysis for the international market including development history, competitive landscape analysis, and major regions’ development status. Also, the development plans and policies are well discussed along with manufacturing processes and cost structures.
This European industry is mainly split by (a) product types, with production, revenue, price, and market share and growth rate of each type, which is further divided into: Metallic Gasket and Non-metallic Gasket; and (b) by applications, aiming on consumption, market share and growth rate of Automotive Gasket and Seal in each application, mainly including- Compact Vehicle, Mid-sized Vehicle, Premium Vehicle, Luxury Vehicle, Commercial Vehicle and Heavy Commercial Vehicle.
The Automotive Gasket and Seal in Europe market mainly caters to the countries that include Germany, Russia, UK, France, Italy and some other regions wherein the major focus is on the top manufacturers on the basis of production, price, revenue and market share for each manufacturer, and the list involves- Dana Limited, Federal-Mogul Corporation, Trelleborg AB, Datwyler, Elringklinger AG, SKF AB, Smiths Group, Victor Gaskets India LTD, Freudenberg Sealing Technologies GmbH & Co and KG and Flowserve Corporation.
Europe has been observed as a major hub for several renowned global market players, which are very well known for delivering quality and high-performance vehicles. Eastern Europe has been noticed to follow the western European countries including U.K., Germany, France, and Italy in order to be resilient like them and has also managed to evolve over the years however, a lot needs to be achieved if we see from today’s point of view and therefore, with a great exposure that is expected to be offered to the manufacturers in the coming years; growth rates in Eastern Europe are foreseen to strongly ameliorate further fostering the market demand for automotive gaskets and seals in the European countries.
It has been investigated that the stringent compliances with strict quality standards in different sectors like- marine, rail, aerospace, construction, electronic and electrical equipment manufacturing have propelled the demand for advanced solutions in recent years. Moreover, high strength gasketing and sealing solutions coupled with persistent upcoming innovation are anticipated to engender spurred growth prospects in the future years majorly owing to constant developments in the science of sealing and thus, Eastern Europe has been seen as the upcoming potential market wherein tapping of newer opportunities will take place.
Not only this; even the rises in overall vehicle production are projected to invigorate growth in this industry. Consequently, the global automotive gasket and seal market is expected to relish great growth rates in the coming future via amplified research and development investments directed towards the ongoing developments of novel materials that will meet and even exceed the modern sealing requirements. Hence as a matter of fact, the European Automotive Gasket and Seal Market is envisioned to grow at a decent CAGR of more than 6% by 2020 and since Europe and North America happen to be amongst the most lucrative regions in the global industry; so the Global Gasket & Seals Market is also assured to reach somewhere around USD 12,362 million by 2020.
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Ankur Gupta, Head Marketing & Communications