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Automotive Seals and Gaskets Market Share

Report ID: GMI12559
Published Date: Dec 2024
Report Format: PDF

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Automotive Seals and Gaskets Market Share

Automotive Seals and Gaskets Company Market Share, 2024

SKF Group, NOK Corporation, and Trelleborg AB collectively held a substantial market share of over 13% in the automotive seals and gaskets industry in 2024. SKF Group is committed to delivering high-performance seals and gaskets, with a strong focus on sustainability and reducing CO2 emissions. Their strategy includes expanding their product range for electric vehicles (EVs) and hybrid technologies while enhancing manufacturing efficiency. Additionally, SKF invests in digitalization to improve product design and predictive maintenance capabilities for their automotive customers.

NOK Corporation prioritizes innovation in rubber and elastomer-based seals and gaskets, focusing on advanced technologies for sealing solutions in EVs and hybrid vehicles. They strengthen partnerships with OEMs to develop custom sealing systems. NOK's strategy includes developing sustainable materials, enhancing durability, and expanding production capacities to meet the increasing demand in the automotive industry.

Trelleborg AB emphasizes developing sealing and damping solutions for the automotive sector, with a focus on electric and hybrid vehicle applications. Their strategy involves collaborating with key automotive players to provide tailored sealing solutions that improve energy efficiency and reduce noise. Trelleborg also invests in smart manufacturing and sustainability efforts, emphasizing environmental impact reduction and ensuring high product quality.

Automotive Seals and Gaskets Market Companies

Major players operating in the automotive seals and gaskets industry are:

Dana
Datwyler Holding
ElringKlinger
Hutchinson
NOK
Parker Hannifin
SKF Group
Sumitomo Riko
Tenneco
Trelleborg

Authors: Preeti Wadhwani, Aishwarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of automotive seals and gaskets reached USD 26.2 billion in 2024 and is set to grow at a 4.7% CAGR from 2025 to 2034, driven by the growth of the electric vehicle (EV) market.

The passenger vehicles segment held around 74% of the market share in 2024, propelled by rising disposable incomes and urbanization.

The Asia Pacific market accounted for 40% of the revenue share in 2024 and is expected to exceed USD 17 billion by 2034, led by China's robust automotive manufacturing industry.

The key players in the industry include Dana, Datwyler Holding, ElringKlinger, Hutchinson, NOK, Parker Hannifin, SKF Group, Sumitomo Riko, Tenneco, and Trelleborg.