- The key vendors in the global automotive head gasket market 2015-2019 are Blue Diamond Technologies, Dana Holding, Datwyler, Dichtungstechnik G. BRUSS and ElringKlinger.
London, 11 September 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the global automotive head gasket market 2015-2019. The advanced materials that can withstand the operational requirements of these high-performance engines are in great demand. For instance, Federal-Mogul has been developing MSL head gaskets that can be used in high-performance vehicle engines. The global automotive head gasket market is estimated to grow at a CAGR of around 4.49% between 2015 and 2019.
The market is dominated by the MLS gasket segment and is expected to continue during the forecast period. MLS gaskets are more durable than other types of head gaskets because of their all-steel construction. Also, they do not burn through nor develop leaks or sealing problems. MLS gaskets have a contemporary design and are widely used by Ford, Chrysler, Honda, and Mazda.
“The rise in the demand for luxury cars is a positive trend that is working in favor of head gasket manufacturers,” says Faisal Ghaus, Vice President of Technavio Research.
“A head gasket used in regular cars can cost as low as $10 for a small four-cylinder engine whereas a performance or specialty head gasket, often used in luxury cars, can cost close to $400.”
To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
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