Gaskets and Seals Market Research Report
PREBOOK THIS REPORT - SAVE 10%

Gaskets and Seals Market - Global Outlook and Forecast 2020-2025

TO BE PUBLISHED : Oct 2020 | Pages : 220

GASKETS AND SEALS MARKET SIZE TO CROSS USD 81 BILLION BY 2025, GROWING AT A CAGR OF 5% DURING THE FORECAST PERIOD

Gaskets and Seals Market Size, Share, Trends Analysis Report by Product (Seals and Gaskets), Applications (Industrial Machinery, Automotive, Electrical & Electronics, Aerospace Industry, Marine and Rail, and Others), End-user (OEMs and Aftermarket), and Geography (APAC, North America, Europe, Latin America, and Middle East & Africa), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020-2025

GET ACTIONABLE INSIGHTS ON HOW COVID-19 IS IMPACTING YOUR BUSINESS
Enquire Now Customize this Report

Most Exhaustive Report

220 Pages

74 Tables

70 Charts

5 Regions

18 Countries

24 Companies

4 Market Segment

GLOBAL GASKETS AND SEALS MARKET REPORT SCOPE

Report Attribute Details
Market Size (Revenue) USD 81 BILLION (2025)
CAGR 5% (2020-2025)
Base Year 2019
Forecast Year 2020-2025
Market Segments Product (Seals and Gaskets), Applications (Industrial Machinery, Automotive, Electrical & Electronics, Aerospace Industry, Marine and Rail, and Others), End-user (OEMs and Aftermarket)
Geographic Analysis North America, Europe, APAC, Latin America, and Middle East & Africa
Countries Covered US, Canada, UK, Germany, France, Italy, Spain, China, Japan, South Korea, India, Australia, Brazil, Mexico, Turkey, and Saudi Arabia

INDUSTRY INSIGHTS

The global gaskets and seals market size to cross USD 81 billion by 2025, growing at a CAGR of 5% during the forecast period. The market is expected to grow at a promising rate on account of the increasing demand and application of gaskets and seals at a rapid pace in several end-use application segments. Although the automotive sector is a key application segment, the demand for gaskets and seals is increasing from several other industries. They have become a major component in several applications such as industrial machinery, aerospace, electrical appliances, and rail and marine, and other manufacturing industries. The need to improve the efficiency of several equipment, engines, and highly engineered goods and to prevent leakage of fluids and gases, etc. are increasing the demand for gaskets and seals. Vendors in the market are increasing their focus on innovations. Stringency in regulations is expected to drive the demand for gasket and seals across the globe during the forecast period.

SNIPPETS

  • The decline in sales in the automotive sector has significantly affected the production and export of high-density gaskets and seals.   
  • The increasing popularity of electronic goods and Unmanned Ariel Vehicles (UAV) is significantly increasing the demand for gaskets and seals in the electronic goods sector. 
  • APAC is expected to dominate the market in terms of manufacturing and export volume. China is likely to be one of the major growth contributors that is expected to lead the region during the forecast period. 

GLOBAL GASKETS AND SEALS MARKET SEGMENTATION

This research report includes a detailed segmentation by
  • Product
  • Applications
  • End-user
  • Geography

INSIGHTS BY PRODUCT

The application of seals is increasing significantly in several end-user industries such as automotive, food processing machinery, mining, water treatment plants, and HVAC equipment. However, the demand from HVAC systems is growing at a rapid pace in emerging and developed economies owing to the increase in the number of residential and commercial buildings. To improve efficiency and productivity in the manufacturing sector, especially in major APAC, Europe, and North American countries, several manufacturers are significantly focusing on innovative designs and increasing efficiency. Further, the demand for drones and electronic appliances is surging in several APAC countries, which is increasing the demand for seals.

The demand for gaskets is expected to increase at a steady pace majorly in APAC, North America, and European countries, wherein the investment in aerospace industries and manufacturing sectors is growing. Moreover, the increasing demand and export volumes of automotive parts in several key regions in Latin America, North America, and Europe is a major driving factor for the market. Further, with an increase in investments in defense equipment and aircraft, the demand for customized gaskets is growing at a rapid pace across the globe.

INSIGHTS BY APPLICATION

The steady growth in industrialization and growing investments in capital intensive markets across the world are expected to act as a major driver for the growth in machinery and other related supplies, including gaskets and seals, across the world. The automotive industry is one of the key end-user industries where the role of gaskets and seals is crucial in terms of efficiency and durability of the engine. Although the sale volume of the global automotive industry witnessed a major decline in 2019, the growth in production and demand for aftermarket spares remained a major driver for the gaskets and seals market. Manufacturers in the APAC market are increasing the production volume of molded seals that are highly preferred in wired and wireless electronic appliances and cordless equipment.

The aerospace sector is one of the key industries for precision gaskets and seals. The growing number of civil and commercial aviation players and growth in spending for space research programs are the major factors that propel the demand for gaskets and seals across the world. In addition, the increasing popularity of Unmanned Aerial Vehicles (UAVs) or drones in several end-use industries across the world is expected to act as a prominent driver for gaskets and seals during the forecast period. 

INSIGHTS BY END-USER

The demand for gaskets and seals is high from original equipment manufacturers (OEM). However, the requirement for gaskets and seals from the aftermarket sector is also growing at a CAGR of over 5% during the forecast period. The demand from OEMs is steady than the aftermarket segment. However, on account of the COVID-19 outbreak, the demand from OEM has been affected impacted in several application categories, especially the aerospace and automotive industry, during Q1 and Q2 of 2020. Post-sales services and replacement of parts and spares are one of the major drivers that are significantly increasing the market value of several industries such as automotive, aerospace, industrial machinery marine, and rail manufacturing. Although the after-market had remained a major revenue generator, the outbreak of coronavirus has significantly declined the operations and impacted the supply chain of gaskets and seals.

INSIGHTS BY GEOGRAPHY

The APAC gaskets and seals market is expected to observe an incremental growth of close to USD 10 billion by 2025. The abundance of raw material resources and the proliferation of technology are key driving factors that propel the market in the region. China has remained as one of the major countries in the market due to the robust production quantity of steel and other polymer resins. China is a major manufacturing hub for end-user markets such as electronics, automotive, aerospace, and industrial machinery. Several key automakers are increasing their focus on electric vehicles. The increasing sophistication in automotive technology and the introduction of innovative designs and materials have driven several key manufacturers to increase their efficiency. Moreover, automotive sales in the APAC region in 2020 and 2021 are expected to witness volatility. This is due to the adverse effect of the COVID-19 outbreak that has significantly affected manufacturing operations and slumped the sales volume in the global automotive industry.

INSIGHTS BY VENDORS

The global gaskets and seals market is highly fragmented due to the presence of a large number of vendors across regions. Vendors in the market are adopting several strategies to tackle the intense competition. Mergers and acquisitions are taking place at frequent intervals to gain scale opportunities. In addition, several companies are focused on launching innovative products to strengthen their market position that significantly induces the competition in the market.

The gaskets and seals market research report includes in-depth coverage of the industry analysis with revenue and forecast insights for the following segments:

Segmentation by Product Type

  • Seals
  • Gaskets

By Application  

  • Industrial Machinery
  • Automotive
  • Electrical & Electronics
  • Aerospace Industry
  • Marine and Rail
  • Others

By End-user

  • OEMs
  • Aftermarket

By Geography 

  • North America  
    • US
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
  • APAC
    • China
    • Japan
    • South Korea
    • India
    • Australia
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • Saudi Arabia
    • Turkey
    • Rest of Middle East & Africa

Frequently Asked Questions

The global gaskets and seals market size to cross USD 81 billion by 2025, growing at a CAGR of 5% during the forecast period
The increasing popularity of electronic goods and Unmanned Ariel Vehicles (UAV) is significantly increasing the demand for gaskets and seals in the electronic goods sector. Stringency in regulations is expected to drive the demand for gasket and seals across the globe during the forecast period.
The APAC gaskets and seals market is expected to observe an incremental growth of close to 10 billion by 2025.
Dana Corporation, ElringKlinger, Freudenberg, AB SKF, Tenneco, Flowserve Corporation, and Smiths Group PLC are the key players in the gaskets and seals market
Read More

Select a license type that suits your business needs

Single User Licence
$3500.00
  • Report accessible by one user only
  • Free 10% or 3 days of customization
  • Free post-sale service assistance
  • Continuous support through email
Best Value Tag
5 User Licence
$4000.00
  • Report accessible by 5 users within the organization
  • Free 15% or 4.5 days of customization
  • Free post-sale service assistance
  • Continuous support through email and telephone
  • Free analyst hour
  • Free Upgrade: If an updated report published within 180 days of purchase, you will get the revised report free of charge
Corporate Licence
$5000.00
  • Free Datasheet worth $1500
  • Report accessible by the entire organization
  • Free 20% or 6 days of customization
  • Free post-sale service assistance
  • Continuous support through email and telephone
  • Direct access to lead analysts
  • Free analyst hour
  • Free Upgrade: If an updated report published within 180 days of purchase, you will get the revised report free of charge
Datasheet Licence
$1500.00
  • Report accessible by 1 user only
  • Free 15% or 32 hours of customization
  • Free post-sale service assistance
  • Direct access to lead analysts

Select a license type that suits your business needs

Best Value Tag
Coming Soon
  • Stay tuned with us.

YOU CAN GET A FREE SAMPLE OF THIS REPORT!

Fill out your details & get your free sample

Our Clients

Prebook Tag
Licence Types What are these?
10 % OFF

Save 10% on this report.
Discount already applied

Our Clients Speak

"The report by Arizton was spot on. It not only gave us insight into the pro audio market, we used it to raise funds for our company. The data proved (to the VC we pitched to) that the market was large enough for our company to not only survive but also grow."

Erik Young
CEO, Co-founder
Audink Inc., DBA Audios
SPEAK WITH OUR ANALYST

Want to know more about the report or any specific requirement?

Click to Email +1-312-235-2040

Why Arizton?

  • 100% Customer Satisfaction
  • 24x7 availability – we are always there when you need us
  • 200+ Fortune 500 Companies trust Arizton's report
  • 80% of our reports are exclusive and first in the industry
  • 100% more data and analysis
  • 1000+ reports published till date