Canada Gaskets And Seals Market Size & Outlook, 2023-2030
Canada gaskets and seals market, 2018-2030 (US$M)
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Canada gaskets and seals market highlights
- The Canada gaskets and seals market generated a revenue of USD 953.1 million in 2023 and is expected to reach USD 1,218.7 million by 2030.
- The Canada market is expected to grow at a CAGR of 3.6% 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.
Gaskets and seals market data book summary
| Market revenue in 2023 | USD 953.1 million |
| Market revenue in 2030 | USD 1,218.7 million |
| Growth rate | 3.6% (CAGR from 2023 to 2030) |
| Largest segment | Seals |
| Fastest growing segment | Gaskets |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Canada accounted for 1.6% of the global gaskets and seals market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. gaskets and seals market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 971.8 million by 2030.
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Gaskets And Seals Market Scope
Gaskets And Seals Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada 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 60.12% in 2023. Horizon Databook has segmented the Canada gaskets and seals market based on gaskets, seals covering the revenue growth of each sub-segment from 2018 to 2030.
Canada’s expertise in emerging technologies is attracting major investments in connected and autonomous vehicle research from top OEMs such as Ford and GM along with tech giants such as Google, Nvidia, and Uber. Advancements in power trains are expected to lead to the production of cleaner and greener cars.
In addition, Canada has expertise in public transportation and commercial equipment manufacturing. These factors are expected to lead to the overall growth of automotive sector in the country, which, in turn, is expected to drive the demand for high-quality gaskets and seals.
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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 country-level data and insights on the Canada gaskets and seals market , including forecasts for subscribers. This country databook contains high-level insights into Canada gaskets and seals market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada gaskets and seals market size, by gaskets and seals, 2018-2030 (US$M)
Canada Gaskets And Seals Market Outlook Share, 2023 & 2030 (US$M)
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