Automotive Oil Seal Market Expected to Reach $6070 Million, Globally, by 2023 by Planet Market Reports

Automotive Oil Seal Consumption Market | Forecast 2018-2023

In this report, Planet Market Reports covers the present scenario with the base year being 2017 and the growth prospects of global Automotive Oil Seal market for 2018-2023.

Oil seals are used for automobile engines and geared motors, and are designed mainly to prevent oil leakage from the end of a rotating shaft, or dust intrusion from the outside air.

Oil seals serve to prevent the leakage not only of lubricants, but also water, chemicals, and gas from “gaps” in machinery. Oil seals also serve to prevent the intrusion of dust, soil and sand from the outside air.

At present, in the foreign industrial developed countries the automotive oil seal industry is generally at a more advanced level, the world s large enterprises are mainly concentrated in the United States, Europe, Japan, etc. Meanwhile, foreign companies have more advanced equipment, strong R & D capability, the technical level is in a leading position. But foreign companies’ manufacturing cost is relatively high, compared with Chinese companies, the manufacturing cost is competitive disadvantage, as the Chinese automotive oil seal production enterprise technology continues to improve, their share in the international market is increasing, competitiveness in the international market gradually increase .

Geographically in the consumption side, Europe is the largest region accounting for 30.44% of the global market in 2017 and is estimated to decline to 23.19% of the global market by the end of 2025. China is expected to hold about 24.42% of the global market share in 2017 and is expected to increase to 30.67% by the end of 2025. North America is expected to hold about 22.26% of the global market share in 2017 and is expected to be stable in terms of market share until 2025.

Over the next five years, Planet Market Reports projects that Automotive Oil Seal will register a 4.0% CAGR in terms of revenue, reach US$ 6070 million by 2023, from US$ 4800 million in 2017.

This report presents a comprehensive overview, market shares, and growth opportunities of Automotive Oil Seal market by product type, application, key manufacturers and key regions.

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To calculate the market size, Planet Market Reports considers value and volume generated from the sales of the following segments:

Segmentation by product type:
HNBR/NBR Oil Seal
ACM/AEM Oil Seal
FKM/FPM Oil Seal
PTFE Oil Seal
Other Oil Seal

Segmentation by application:

Passenger Vehicle
Commercial Vehicle

This report also splits the market by region:

Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

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The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report:

Freudenberg
Parker Hannifin
NOK
Hutchinson
SKF
ElringKlinger
Federal Mogul
Dana
Trelleborg
Timken
Saint Gobain
NAK
Zhongding Group
Star Group
DUKE Seals
Fenghang Rubber
TKS Sealing
OUFO Seal
HilyWill

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives

To study and analyze the global Automotive Oil Seal consumption value & volume by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
To understand the structure of Automotive Oil Seal market by identifying its various subsegments.
Focuses on the key global Automotive Oil Seal manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Automotive Oil Seal with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market growth potential, opportunities, drivers, industry-specific challenges and risks .
To project the consumption of Automotive Oil Seal submarkets, with respect to key regions along with their respective key countries .
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.

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