India Automotive Gaskets and Seals Market Report and Forecast 2024-2032

India Automotive Gaskets and Seals Market Outlook

The India automotive gaskets and seals market size is expected to grow at a CAGR of 6.20%, during the forecast period of between 2024 and 2032, owing to the rapid technological advancements in the automobile sector.

Key Trends in the Market

Vehicles employ gaskets and seals among other parts to stop fluid and gas leaks. These prevent leaks by sealing the spaces between the parts of the automotive vehicles. Due to the seals, lubricants cannot seep out of the bearings and dust and other contaminants are kept out of the equipment. With the growing automotive industry in India, there is an increased demand for quality automotive gaskets and seals. 

• The rising fuel-efficiency standards and increased vehicle production in India are a key market driver for automotive gaskets and seals. Manufacturers are concentrating on the development of fuel-efficient materials that can handle high heat and pressure, which further opens up opportunities for automobile gaskets and seals.

• The India automotive gaskets and seals market is expected to expand quickly due to the industry's rapid technical advancements, as well as the increased need for better fuel economy and vehicle performance. Use of gaskets and seals have decreased the cost of vehicle maintenance and lengthened the lifespan of automotive parts.

• Additional market growth is anticipated as a result of the strict laws governing the maximum allowable emissions that have been incorporated by automotive manufacturers. In order to further reduce fuel costs and boost economy, lighter materials like silicone rubber have become more popular, which are driving the automotive gaskets and seals market.

India Automotive Gaskets and Seals Market Analysis

Based on material type, the market is divided into metallic, elastomer, and silicon, among others. The market on the basis of product type can be segmented into cylinder head gasket, manifolds, plug in seals, and O ring seals, among others. On the basis of application, the India automotive gaskets and seals market is divided into transmission, engine, cooling, brake, and fuel supply, among others. Based on end use, the market is segmented into passenger cars, LCV and MCV, off-highway vehicle, heavy commercial vehicle, and 2W and 3W vehicles, among others. By sales channel, the market is divided into OEM and replacement.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the India automotive gaskets and seals market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.  

• IGP Group

• Goodrich Gasket Private Limited

• ElringKlinger Automotive Components (India) Pvt Ltd

• Crown Gaskets Pvt. Ltd.

• Sealmax

• Champion Seals India Pvt Ltd

• Inseal International Pvt. Limited

• Jay Gaskets Pvt. Ltd

• Banco Gaskets (India) Ltd

• Others

Market Share by End Use

During the forecast period, the passenger cars end use of automotive gaskets and seals in India is anticipated to have a significant CAGR. This can be attributed to the sharp increase in demand for passenger automobiles, which has been driven by the country's growing workforce, rising disposable income, and evolving travel and tourism sector. 

Passenger cars applications of automotive gaskets and seals is expanding because of the growing demand to increase component durability and lower maintenance costs, thus aiding the India automotive gaskets and seals market growth. Additionally, the automotive sector is utilising gaskets and seals more frequently as a result of the modernisation of passenger cars to lower noise, repairs, maintenance, vibration, and harsh characteristics, as well as component failure.

Market Share by Sales Channel

By sales channel, the OEM sector is anticipated to hold a leading market share in the forecast period. The market growth for gaskets and seals in the automotive industry is accelerated by the increasing penetration of electric and hybrid vehicles by major OEMs and the introduction of government regulations regarding the use of clean and renewable energy resources. 

The India automotive gaskets and seals market is further anticipated to expand as a result of the creation of innovative proprietary materials that can endure harsh operating conditions. Due to India's growing need for commercial vehicles and the country's strong advancements in internal combustion engines and electric vehicles, OEMs are employing advanced gaskets and seals, which is boosting the segment's growth.

Competitive Landscape

IGP Group, with its headquarters in Tamil Nadu, is a prominent manufacturer and exporter of industrial gasket types such as spiral wounds, ring joints, kammprofiles, insulation gasket kits, and monolithic insulation joints. Founded in 1955, it specialises in contract manufacturing and provides its services to all major international gasket brands and producers.

Goodrich Gasket Private Limited since its founding in 1987 has been producing and exporting various kinds of industrial gaskets. Its goods are widely utilised in a variety of industries, including those that process oil and gas, manufacture petrochemicals, build offshore structures and platforms, provide power. The company also manufactures valves, wellhead equipment, heat exchangers, pressure vessels, and other equipment for wastewater treatment.

Crown Gaskets Pvt. Ltd., established in 1965 is a renowned manufacturer and exporter of automobile gaskets with a cutting-edge facility at HSIIDC Industrial Estate in Delhi, outfitted with the latest equipment and technology for automotive gasket lines. The company manufactures gaskets made of copper, non-asbestos materials, and asbestos. Additionally, it specialises in all types of gaskets, including cylinder head gaskets, head/full sets, and others.

Other market players include ElringKlinger Automotive Components (India) Pvt Ltd, Sealmax, Champion Seals India Pvt Ltd, Inseal International Pvt. Limited, Jay Gaskets Pvt. Ltd, and Banco Gaskets (India) Ltd, among others.

Key Highlights of the Report