Market revenue in 2023 | USD 27,459.4 million |
Market revenue in 2030 | USD 38,584.1 million |
Growth rate | 5% (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 |
Key market players worldwide | SKF AB ADR, Dana Inc, Freudenberg, Flowserve Corp, Smiths Group PLC, Trelleborg AB Class B, ElringKlinger AG, The Cooper Companies Inc, Enpro Inc, Crown Holdings Inc |
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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 61.86% in 2023. Horizon Databook has segmented the Asia Pacific gaskets and seals market based on gaskets, seals covering the revenue growth of each sub-segment from 2018 to 2030.
Factors such as robust economic growth, increasing business investment spending, and strong gains in manufacturing output have been driving the growth of gaskets and seals market in the region over the past years, especially in countries such as China and Japan.
In addition, the demand is further expected to increase in developing countries, such as India, owing to expansion of manufacturing sector coupled with the growing foreign investments. Moreover, smaller markets such as Indonesia, Turkey, Thailand, and Malaysia are expected to witness strong growth over the forecast period.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific gaskets and seals market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific gaskets and seals market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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