Forecast of Global Automotive Oil Seal Consumption Market 2023

Global Automotive Oil Seal market will register a 4.0% CAGR in terms of revenue, reach US$ 6070 million by 2023, from US$ 4800 million in 2017. Oil seals are used for automobile engines and geared motors, and are designed mainly to prevent oil leakage from the end of a rotating shaft, or dust intrusion from the outside air.