Valve cover gasketis a mechanical seal that is used to cover the top portion of the engine cylinder head. Valve cover gasket is used to prevent engine oil from leaking as it moves around the rockers, camshafts, and valves. In addition, a valve cover gasket is used to seal the joint between the engine and rocker cover, so as to prevent the failure of the engine in automobiles. This is expected to accelerate the growth of the valve cover gasket market across the globe.
Furthermore, a valve cover gasket is an integral part of the complete engine assembly in a vehicle, to prevent leakage in the vehicle assembly.
Rising awareness about the use of valve cover gaskets in automobiles for repair and maintenance of engine leakage across the automotive industry in developed and developing countries is expected to fuel the demand for valve cover gasket across the world.
The rising demand for light commercial vehicles (LCV) and heavy commercial vehicles (HCV) is expected to boost the growth of the valve cover gasket market. In addition, valve cover gaskets play a major role in reducing oil wastage and in preventing damage to other parts of automobile vehicles. This in turn is expected to be one of the major factors driving the valve cover gasket market during the forecast period.
Rising adoption of valve cover gaskets in passenger cars to ensure better performance of cars with respect to proper sealing properties and strength of the engine and vehicle parts is expected to fuel the demand for valve cover gaskets.
North America to Hold Significant Share of the Valve Cover Gasket Market
Based on regional analysis, the valve cover gasket market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
Demand for valve cover gaskets in North America is expected to increase significantly due to technological developments in automobile vehicle systems across the region.
Asia Pacific is expected to see enhanced growth of the valve cover gasket market due to rising demand for passenger cars and commercial vehicles across the region. This in turn is expected to enhance the demand for valve cover gaskets across Asia Pacific.
Europe is expected to witness stable growth in the valve cover gasket market due to notable automobile fleet and substantial manufacturing activities in the automobile industry. This in turn is expected to boost the valve cover gasket market across the region.
Rising automobile manufacturing activities in Middle East & Africa and South America is expected to provide a huge drive to the valve cover gasket market over the forecast period.
Companies operating in the valve cover gasket market are increasingly investing in research and development to introduce new and innovative techniques to manufacture valve cover gasket. The valve cover gasket market is highly fragmented due to the presence of numerous manufacturers in developed and developing regions. Furthermore, manufacturers are striving to gain a competitive edge through increased product differentiation.
Key players operating in the global valve cover gasket market include: