According to the report "Gasket and Seals Market by End-user and Geography - Forecast and Analysis 2021-2025", the market witnessed a YOY growth of 4.75% in 2021 and will witness a CAGR of 5.58% during the forecast period. The report is segmented by end-user (automotive, industrial machinery, electrical and electronics, and others) and geography (APAC, North America, Europe, MEA, and South America).
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Five Forces Analysis
Threat of new entrants: New entrants are attracted to the market owing to the expansions and developments happening in end-user industries. However, they require significant capital to enter the market and offer products with differentiation. Hence, the threat of new entrants was moderate in 2020 and is expected to remain the same during the forecast period.
Vendor Insights
The gasket and seals market is fragmented and the vendors are deploying growth strategies such as organic and inorganic strategies to compete in the market. The report analyzes the market's competitive landscape and offers information on several market vendors, including:
- AB SKF
- Aesseal Plc
- Boyd Corp.
- Dana Inc.
- ElringKlinger AG
- Flowserve Corp.
- Freudenberg FST GmbH
- Smiths Group Plc
- Tenneco Inc.
- Trelleborg AB
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Geographical Market Analysis
APAC will provide maximum growth opportunities in the gaskets and seals market during the forecast period. According to our research, the region will contribute 41% of the global market growth during the forecast period. China and India are the two major markets in APAC. The demand for energy and chemicals has increased rapidly in APAC owing to a shift toward urbanization.
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Key Segment Analysis
The automotive segment will have significant market share growth during the forecast period. Gaskets and seals are used to hold together various parts of the automotive assembly. Some of the end-users in this segment are focusing on expanding their presence. Such expansions can also influence the demand for gaskets and seals for automotive applications during the forecast period.
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Key Market Drivers & Challenges:
The rise in adoption of seals and gaskets by the automotive industry is driving the gasket and seals market growth. For example, gaskets are used in the engines of automobiles to maintain the pressure and prevent the leakage of fluids and entry of contaminated particles. Seals are used in bearings, drivelines, steering systems, suspensions, and wheels of automobiles. They are also used in other applications.
Fluctuation in raw material prices and installation issues are challenging the gasket and seals market growth. Changes in raw material prices have an impact on the cost required for manufacturing gaskets or seals. This can lead to fluctuations in the profit margins of companies. The design and installation considerations also pose a challenge to manufacturers.
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Gasket And Seals Market Scope |
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.58% |
Market growth 2021-2025 |
USD 18.36 billion |
Market structure |
Fragmented |
YoY growth (%) |
4.75 |
Regional analysis |
APAC, North America, Europe, MEA, and South America |
Performing market contribution |
APAC at 41% |
Key consumer countries |
US, China, Germany, Japan, and India |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
AB SKF, Aesseal Plc, Boyd Corp., Dana Inc., ElringKlinger AG, Flowserve Corp., Freudenberg FST GmbH, Smiths Group Plc, Tenneco Inc., and Trelleborg AB |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of Contents
1 Executive Summary
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 01: Parent market
- Exhibit 02: Market characteristics
- 2.2 Value chain analysis
- Exhibit 03: Value chain analysis: Industrial machinery
3 Market Sizing
- 3.1 Market definition
- Exhibit 04: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 05: Market segments
- 3.4 Market outlook: Forecast for 2020 - 2025
- Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ million)
- Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)
4 Five Forces Analysis
- 4.1 Five forces analysis
- Exhibit 08: Five forces analysis 2020 & 2025
- 4.2 Bargaining power of buyers
- Exhibit 09: Bargaining power of buyers
- 4.3 Bargaining power of suppliers
- Exhibit 10: Bargaining power of suppliers
- 4.4 Threat of new entrants
- Exhibit 11: Threat of new entrants
- 4.5 Threat of substitutes
- Exhibit 12: Threat of substitutes
- 4.6 Threat of rivalry
- Exhibit 13: Threat of rivalry
- 4.7 Market condition
- Exhibit 14: Market condition - Five forces 2020
5 Market Segmentation by End-user
- 5.1 Market segments
- Exhibit 15: End-user - Market share 2020-2025 (%)
- 5.2 Comparison by End-user
- Exhibit 16: Comparison by End-user
- 5.3 Automotive - Market size and forecast 2020-2025
- Exhibit 17: Automotive - Market size and forecast 2020-2025 ($ million)
- Exhibit 18: Automotive - Year-over-year growth 2020-2025 (%)
- 5.4 Industrial machinery - Market size and forecast 2020-2025
- Exhibit 19: Industrial machinery - Market size and forecast 2020-2025 ($ million)
- Exhibit 20: Industrial machinery - Year-over-year growth 2020-2025 (%)
- 5.5 Electrical and electronics - Market size and forecast 2020-2025
- Exhibit 21: Electrical and electronics - Market size and forecast 2020-2025 ($ million)
- Exhibit 22: Electrical and electronics - Year-over-year growth 2020-2025 (%)
- 5.6 Others - Market size and forecast 2020-2025
- Exhibit 23: Others - Market size and forecast 2020-2025 ($ million)
- Exhibit 24: Others - Year-over-year growth 2020-2025 (%)
- 5.7 Market opportunity by End-user
- Exhibit 25: Market opportunity by End-user
6 Customer landscape
7 Geographic Landscape
- 7.1 Geographic segmentation
- Exhibit 27: Market share by geography 2020-2025 (%)
- 7.2 Geographic comparison
- Exhibit 28: Geographic comparison
- 7.3 APAC - Market size and forecast 2020-2025
- Exhibit 29: APAC - Market size and forecast 2020-2025 ($ million)
- Exhibit 30: APAC - Year-over-year growth 2020-2025 (%)
- 7.4 North America - Market size and forecast 2020-2025
- Exhibit 31: North America - Market size and forecast 2020-2025 ($ million)
- Exhibit 32: North America - Year-over-year growth 2020-2025 (%)
- 7.5 Europe - Market size and forecast 2020-2025
- Exhibit 33: Europe - Market size and forecast 2020-2025 ($ million)
- Exhibit 34: Europe - Year-over-year growth 2020-2025 (%)
- 7.6 MEA - Market size and forecast 2020-2025
- Exhibit 35: MEA - Market size and forecast 2020-2025 ($ million)
- Exhibit 36: MEA - Year-over-year growth 2020-2025 (%)
- 7.7 South America - Market size and forecast 2020-2025
- Exhibit 37: South America - Market size and forecast 2020-2025 ($ million)
- Exhibit 38: South America - Year-over-year growth 2020-2025 (%)
- 7.8 Key leading countries
- Exhibit 39: Key leading countries
- 7.9 Market opportunity by geography
- Exhibit 40: Market opportunity by geography ($ million)
8 Drivers, Challenges, and Trends
- 8.2 Market challenges
- Exhibit 41: Impact of drivers and challenges
9 Vendor Landscape
- 9.1 Overview
- Exhibit 42: Vendor landscape
- 9.2 Landscape disruption
- Exhibit 43: Landscape disruption
- Exhibit 44: Industry risks
10 Vendor Analysis
- 10.1 Vendors covered
- Exhibit 45: Vendors covered
- 10.2 Market positioning of vendors
- Exhibit 46: Market positioning of vendors
- 10.3 AB SKF
- Exhibit 47: AB SKF - Overview
- Exhibit 48: AB SKF - Business segments
- Exhibit 49: AB SKF- Key news
- Exhibit 50: AB SKF - Key offerings
- Exhibit 51: AB SKF - Segment focus
- 10.4 Aesseal Plc
- Exhibit 52: Aesseal Plc - Overview
- Exhibit 53: Aesseal Plc - Business segments
- Exhibit 54: Aesseal Plc - Key offerings
- Exhibit 55: Aesseal Plc - Segment focus
- 10.5 Boyd Corp.
- Exhibit 56: Boyd Corp. - Overview
- Exhibit 57: Boyd Corp. - Product and service
- Exhibit 58: Boyd Corp.- Key news
- Exhibit 59: Boyd Corp. - Key offerings
- 10.6 Dana Inc.
- Exhibit 60: Dana Inc. - Overview
- Exhibit 61: Dana Inc. - Business segments
- Exhibit 62: Dana Inc.- Key news
- Exhibit 63: Dana Inc. - Key offerings
- Exhibit 64: Dana Inc. - Segment focus
- 10.7 ElringKlinger AG
- Exhibit 65: ElringKlinger AG - Overview
- Exhibit 66: ElringKlinger AG - Business segments
- Exhibit 67: ElringKlinger AG - Key offerings
- Exhibit 68: ElringKlinger AG - Segment focus
- 10.8 Flowserve Corp.
- Exhibit 69: Flowserve Corp. - Overview
- Exhibit 70: Flowserve Corp. - Business segments
- Exhibit 71: Flowserve Corp. - Key offerings
- Exhibit 72: Flowserve Corp. - Segment focus
- 10.9 Freudenberg FST GmbH
- Exhibit 73: Freudenberg FST GmbH - Overview
- Exhibit 74: Freudenberg FST GmbH - Product and service
- Exhibit 75: Freudenberg FST GmbH - Key offerings
- 10.10 Smiths Group Plc
- Exhibit 76: Smiths Group Plc - Overview
- Exhibit 77: Smiths Group Plc - Business segments
- Exhibit 78: Smiths Group Plc- Key news
- Exhibit 79: Smiths Group Plc - Key offerings
- Exhibit 80: Smiths Group Plc - Segment focus
- 10.11 Tenneco Inc.
- Exhibit 81: Tenneco Inc. - Overview
- Exhibit 82: Tenneco Inc. - Business segments
- Exhibit 83: Tenneco Inc.- Key news
- Exhibit 84: Tenneco Inc. - Key offerings
- Exhibit 85: Tenneco Inc. - Segment focus
- 10.12 Trelleborg AB
- Exhibit 86: Trelleborg AB - Overview
- Exhibit 87: Trelleborg AB - Business segments
- Exhibit 88: Trelleborg AB - Key offerings
- Exhibit 89: Trelleborg AB - Segment focus
11 Appendix
- 11.2 Currency conversion rates for US$
- Exhibit 90: Currency conversion rates for US$
- 11.3 Research methodology
- Exhibit 91: Research Methodology
- Exhibit 92: Validation techniques employed for market sizing
- Exhibit 93: Information sources
- 11.4 List of abbreviations
- Exhibit 94: List of abbreviations
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