Automotive Water Pump Gasket Market Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: Kokusan Parts Industry Co., Ltd, Ford, CORTECO ISHINO CORPORATION

The global market for Automotive Water Pump Gasket is expected to register a CAGR of more than 5.10% during the forecast period 2022-2027.

Automotive Water Pump Gasket Market Overview

The increasing age of the automobile fleet on the road is one of the primary drivers of the automotive water pump gasket market. Because they must be replaced every 30,000 miles, automotive water pump gaskets have a high replacement ratio and a strong aftermarket. This creates a significant growth opportunity for the automotive water pump gasket aftermarket.

Growing urban population and rising per capita income in developing countries are expected to be major factors influencing total automobile sales, which will have a positive impact on the automotive water pump gasket market. Hot and humid conditions in high-temperature regions are also expected to drive up demand for automotive water pump gaskets, as vehicles operating in such conditions tend to heat up faster, necessitating the replacement of automotive water pump gaskets at much shorter intervals. Overall, the automotive water pump gasket market is expected to expand rapidly in the coming years.

Leaking water from beneath the surface of the vehicle can indicate a failure in the operation of automotive water pump gaskets. This can help reduce engine system malfunctions and keep the vehicle running smoothly and safely. Growing automobile sales, combined with an increasing vehicle fleet on the road, provide a lucrative growth opportunity for the automotive water pump gasket market during the forecast period.

Due to the lockdown and social distancing protocols in place, the production of different sealing materials was halted. Also, the transport of raw materials across the world was halted, and as a result, a scarcity of materials used in production was also observed. These factors reduced the revenues for the Automotive Water Pump Gasket market and have damaged the industry's economy.

The growth of the market studied depends on various factors, such as the adoption rate of electric vehicles in developing nations, increasing electric vehicle infrastructure trends in developed nations, variation in raw material prices, etc. Additionally, the impact of tariff rates among the United States, Europe, and China for automotive components may also contribute to the demand for gaskets and seals. Manufacturers of Automotive Water Pump Gasket have been conducting R&D activities, to develop special types of gaskets and seals, for the expected rise in demand for IC engine vehicles and battery electric vehicles.

Who are the Major Players in Automotive Water Pump Gasket Market?

The Automotive Water Pump Gasket Market is growing at a very fast pace and has seen the focus of many local and regional vendors offering precise application products for multiple end users. The three dependencies for the status of major companies in the market are: company profile, profitable gross margin, the prices they charge. These are the main players in this market Kokusan Parts Industry Co., Ltd, Ford, CORTECO ISHINO CORPORATION, Dana Incorporated, Freudenberg, MAHLE GmbH, AISIN SEIKI Co., Ltd., EKK, ACDelco, ASE INDUSTRIES, Tenneco Inc, British Gaskets Group and others.

Recent Developments

In January 2021, Dana Incorporated announced that it will supply the company's 60 AdvanTEK solid rear axles along with cylinder head gaskets for the 2021 RAM 1500 TRX.

Dec. 4, 2020:Aisin Tohoku Co., Ltd. of the Aisin Group has expanded its factory to begin producing small and medium-sized motor products, mainly electric water pumps, in fiscal 2022.

What are the major Applications, Types and Regions for Automotive Water Pump Gasket Market?

Automotive Water Pump Gasket Market is segmented based on the type, applications, companies and regions.

By Type, it is segmented into

•    Up to 5 Mount Holes


•     5 to 10 Mount Holes


•     More than 10 Mount Holes


•     Others

By Applications it is segmented into

•     OEM


•     Aftermarket


•     Others

Automotive Water Pump Gasket Market Regional Analysis

The Asia Pacific is one of the prominent regions of growth and a sizeable market in terms of automobile sales due to the growing demand from China and India. Both the regions are expected to create significant demand for the automotive water pump gasket market due to the high demand for automobile vehicles and the growing automotive fleet on road in the region. Hence, Asia-Pacific is expected to lead the market share in terms of volume in the automotive water pump gasket market. Europe, due to its high volume sales of automotive vehicles, is also expected to create significant demand in the automotive water pump gasket market. China is the world's biggest automotive market and the second-largest market for electric vehicles after Europe recently surpassed it in 2020. Since gaskets and seals find applications in both electric vehicles and conventional ICE vehicles, China presents huge market opportunities.

• North America
  
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East & Africa
  
  
  • Latin America
  
  
  
  

The Automotive Water Pump Gasket Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Automotive Water Pump Gasket Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.

What is our Automotive Water Pump Gasket Market report scope?

Key Takeaways from this Automotive Water Pump Gasket Report

• Evaluate Automotive Water Pump Gasket market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.


• Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.


• Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.


• Analyze the sales and distribution channels across geographies to enhance top-line revenues.


• Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.


• Get a quick outlook on the Automotive Water Pump Gasket market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.


• Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.

Frequently Asked Questions

What is the study period of this market?

The Automotive Water Pump Gasket Market is studied from 2017 - 2027.

What is the growth rate of Automotive Water Pump Gasket Market?

The Automotive Water Pump Gasket Market is growing at a CAGR of 5.10% over the next 5 years.

Who are the leading key players in Automotive Water Pump Gasket Market?

Sanfeng Covanta, China Everbright, Tianjin Teda, Grandblue, Shanghai Environmental, Shenzhen Energy, Mitsubishi Heavy Industries Ltd, Waste Management Inc., A2A SpA, Veolia Environnement SA, Hitachi Zosen Corp and Others

What regions regions does this Automotive Water Pump Gasket Market report covers?

North America (the United States, Canada, and Mexico)

Europe (Germany, France, UK, Russia, and Italy)

Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)

South America (Brazil, Argentina, Colombia, etc.)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

What are the significant types of Automotive Water Pump Gasket Market?

Up to 5 Mount Holes, 5 to 10 Mount Holes, More than 10 Mount Holes, Others

What are the significant Applications of Automotive Water Pump Gasket Market?

OEM, Aftermarket, Others

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