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Automotive Head Gasket Market Size

  • Report ID: GMI12440
  • Published Date: Nov 2024
  • Report Format: PDF

Automotive Head Gasket Market Size

The global automotive head gasket market size was valued at USD 2.3 billion in 2024 and is projected to grow at a CAGR of 5.6% between 2025 and 2034. Vehicle production is rising globally, especially in emerging markets like India, Vietnam, and Mexico. OEMs are establishing and expanding manufacturing facilities to meet growing consumer demand, driving up the need for head gaskets.

 

For instance, according to the Indian Automotive Manufacturers Association, in FY23, India produced 25.9 million automobiles, driven by strong domestic demand and a robust export market. In April 2024, the country manufactured 2,358,041 units, including passenger vehicles, three-wheelers, two-wheelers, and quadricycles. This demand is particularly strong in regions with a growing middle class and increasing vehicle ownership, supported by government initiatives to boost domestic automotive manufacturing.
 

The aging vehicle fleet in developed markets is also driving replacement demand. In the US, the average vehicle age is 12.5 years, and in Europe, it is 11.8 years. Older vehicles require more frequent maintenance and part replacements, including head gaskets. Economic factors, improved vehicle durability, and rising new vehicle costs are encouraging longer vehicle ownership, sustaining aftermarket demand for head gaskets.

Authors: Preeti Wadhwani, Aishwarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of automotive head gasket reached USD 2.3 billion in 2024 and is set to grow at a 5.6% CAGR from 2025 to 2034, driven by rising vehicle production, especially in emerging markets.

In 2024, the multilayer steel segment accounted for over 45% of the market share and is expected to exceed USD 2 billion by 2034 due to innovations in multi-layer steel compositions with specialized coatings and alloys.

China's market accounted for 45% of the revenue share in 2024, led by advanced manufacturing technologies such as precision laser cutting, 3D printing, and automated production systems.

The key players in the industry include Ajusa, Banco Products, Cosmetic Gaskets, Dana, ElringKlinger, Mahle, Mikuni, Power Gaskets Conta San, Tenneco, and Trelleborg.

Automotive Head Gasket Market Scope

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Premium Report Details

  • Base Year: 2024
  • Companies covered: 20
  • Tables & Figures: 200
  • Countries covered: 21
  • Pages: 180
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