India Gaskets And Seals Market Size & Outlook, 2023-2030
India gaskets and seals market, 2018-2030 (US$M)
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India gaskets and seals market highlights
- The India gaskets and seals market generated a revenue of USD 1,823.1 million in 2023 and is expected to reach USD 2,984.5 million by 2030.
- The India market is expected to grow at a CAGR of 7.3% 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 1,823.1 million |
| Market revenue in 2030 | USD 2,984.5 million |
| Growth rate | 7.3% (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, India accounted for 3.0% 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 Asia Pacific, China gaskets and seals market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 2,984.5 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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India 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 62.1% in 2023. Horizon Databook has segmented the India gaskets and seals market based on gaskets, seals covering the revenue growth of each sub-segment from 2018 to 2030.
The expansion of industrials manufacturing sector in the country on account of the growing foreign investment has impacted the growth of various industries positvely. The industries including food & beverage, construction, electronics, chemical, petrochemical, and textile have witnessed strong growth in the past years. Gaskets and seals are increasingly used in the equipment and processing machineries to ensure safety and prevent leakage and loss of energy.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the India gaskets and seals market , including forecasts for subscribers. This country databook contains high-level insights into India gaskets and seals market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India gaskets and seals market size, by gaskets and seals, 2018-2030 (US$M)
India Gaskets And Seals Market Outlook Share, 2023 & 2030 (US$M)
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