The global Automotive Oil Seal market is valued at USD 4801 million in 2017
Thursday, 20 Sep, 2018

The global Automotive Oil Seal market is valued at USD 4801 million in 2017 and is expected to reach USD 6956 million by the end of 2025, growing at a CAGR of 4.74% between 2017 and 2025. In terms of volume, the global Automotive Oil Seal Production was 2635 million units in 2017, and it is predicted to reach 4165 million units in 2025.

 

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.