Lucintel's latest market report analyzed that automotive gasket provides attractive opportunities in the passenger car, commercial vehicle, and medium & heavy duty vehicle markets. The automotive gasket market is expected to reach $3.5 billion by 2028 with a CAGR of 5.4%. In this market, metallic gasket is the largest segment by material, whereas passenger car is largest by vehicle type.
Based on material, the automotive gasket market is segmented into metallic gaskets, elastomeric gaskets, and other gaskets. The metallic gaskets segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to its increasing usage in various application, such as heat exchangers, compressors, condensers, and valves.
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The Automotive Gasket Market is marked by the presence of several big and small players. Some of the prominent players offering automotive gasket include Dana Incorporated, ElringKlinger AG, Talbros Automotive Components, Tenneco Incorporated, Nichias Corporation, Freudenberg Group, Yantai Ishikawa Sealing Technology, Kokusan Parts Industry, and Nippon Leakless Corporation.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link helpdesk@lucintel.com.
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