Global Gaskets And Seals Market Size & Outlook, 2023-2030
Global gaskets and seals market, 2018-2030 (US$M)
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Global gaskets and seals market highlights
- The global gaskets and seals market generated a revenue of USD 60,773.1 million in 2023 and is expected to reach USD 81,697.0 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 4.3% by 2030.
- In terms of segment, seals accounted for a revenue of USD 36,595.4 million in 2023.
- Gaskets is the most lucrative gaskets and seals segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
- Country-wise, Japan is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 60,773.1 million |
| Market revenue in 2030 | USD 81,697.0 million |
| Growth rate | 4.3% (CAGR from 2023 to 2030) |
| Largest segment | Seals |
| Fastest growing segment | Gaskets |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Gaskets, Seals |
Other key industry trends
- In terms of revenue, the North America accounted for 17.1% of the global gaskets and seals market in 2023.
- By country, the China is projected to lead the global market in terms of revenue in 2030.
- By country, Japan is the fastest growing regional market and is projected to reach USD 5,484.0 million by 2030.
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Gaskets And Seals Market Scope
Gaskets And Seals Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global gaskets and seals market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to gaskets and seals market will help companies and investors design strategic landscapes.
Seals was the largest segment with a revenue share of 60.22% in 2023. Horizon Databook has segmented the Global gaskets and seals market based on gaskets, seals covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Gaskets And Seals Gaskets And Seals Outlook (Revenue, USD Million, 2018-2030)
- Gaskets
- Metallic
- Semi-metallic
- Non-metallic
- Seals
- Shaft Seal
- Molded Packing & Seals
- Motor Vehicle body seal
- Other
- Gaskets
- Global Gaskets And Seals End Use Outlook (Revenue, USD Million, 2018-2030)
- Automotive
- Electrical & Electronics
- Marine & Rail
- Industrial & Manufacturing
- Aerospace
- Oil & gas
- Chemicals & Petrochemicals
- Others
- Global Gaskets And Seals Product Outlook (Revenue, USD Million, 2018-2030)
- OEM
- Aftersales Market
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Our clientele includes a mix of gaskets and seals market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global gaskets and seals market , including forecasts for subscribers. This global databook contains high-level insights into Global gaskets and seals market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global gaskets and seals market size, by regions, 2018-2030 (US$M)
Top 10 countries: Gaskets and seals market size, 2023 (US$M)
Global gaskets and seals market share, by gaskets and seals, 2023 & 2030 (%, US$M)
Gaskets and seals market: Opportunity assessment by country
Global gaskets and seals market, by region, 2023 (US$M)
| Gaskets And Seals | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 10,576.2 | 10,646.2 | 9,964.4 | 9,909.3 | 10,110.8 | 10,406.7 | 10,741.6 | 11,109.6 | 11,507.6 | 11,936.9 | 12,400.0 | 12,899.8 | 13,439.6 | 3.7% |
| Europe | 13,952.2 | 14,286.5 | 13,636.4 | 13,729.9 | 14,070.4 | 14,498.9 | 14,969.1 | 15,480.0 | 16,030.0 | 16,623.2 | 17,263.4 | 17,955.5 | 18,705.1 | 3.7% |
| Asia Pacific | 25,257.4 | 25,225.8 | 24,819.2 | 25,408.0 | 26,353.1 | 27,459.4 | 28,668.2 | 29,985.4 | 31,419.9 | 32,983.2 | 34,688.4 | 36,550.0 | 38,584.1 | 5.0% |
| Latin America | 2,944.6 | 3,000.5 | 2,838.7 | 2,841.4 | 2,904.6 | 2,984.9 | 3,070.3 | 3,160.4 | 3,255.5 | 3,355.9 | 3,461.9 | 3,573.8 | 3,691.9 | 3.1% |
| MEA | 4,633.1 | 4,796.5 | 4,883.6 | 5,037.8 | 5,222.1 | 5,423.2 | 5,637.8 | 5,867.3 | 6,111.5 | 6,373.1 | 6,653.8 | 6,953.5 | 7,276.4 | 4.3% |
| Overall | 57,363.6 | 57,955.4 | 56,142.2 | 56,926.4 | 58,661.0 | 60,773.1 | 63,087.0 | 65,602.7 | 68,324.5 | 71,272.3 | 74,467.5 | 77,932.6 | 81,697.0 | 4.3% |
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