Asia Pacific Gaskets And Seals Market Size & Outlook
Asia Pacific gaskets and seals market, 2018-2030 (US$M)
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Asia Pacific gaskets and seals market highlights
- The Asia Pacific gaskets and seals market generated a revenue of USD 27,459.4 million in 2023.
- The market is expected to grow at a CAGR of 5% from 2024 to 2030.
- In terms of segment, seals was the largest revenue generating gaskets and seals in 2023.
- Gaskets is the most lucrative gaskets and seals segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| 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 |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 45.2% of the global gaskets and seals market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 38,584.1 million by 2030.
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Gaskets And Seals Market Scope
Gaskets And Seals Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Asia Pacific 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 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.
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Target buyers of Asia Pacific gaskets and seals market databook
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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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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
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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Asia Pacific gaskets and seals market size, by country, 2018-2030 (US$M)
Asia Pacific Gaskets And Seals Market Outlook Share, 2023 & 2030 (US$M)
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