Mexico Gaskets And Seals Market Size & Outlook, 2023-2030
Mexico gaskets and seals market, 2018-2030 (US$M)
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Mexico gaskets and seals market highlights
- The Mexico gaskets and seals market generated a revenue of USD 649.9 million in 2023 and is expected to reach USD 971.8 million by 2030.
- The Mexico market is expected to grow at a CAGR of 5.9% 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 649.9 million |
| Market revenue in 2030 | USD 971.8 million |
| Growth rate | 5.9% (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, Mexico accounted for 1.1% 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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Mexico 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 56.1% in 2023. Horizon Databook has segmented the Mexico gaskets and seals market based on gaskets, seals covering the revenue growth of each sub-segment from 2018 to 2030.
According to Nordea Bank, Mexico is among the world’s 15 largest economies. The country is majorly dependent on the U.S., which is its largest partner and destination for over 80% of exports. Availability of skilled workforce at low cost is leading to an exponential rise in foreign investments, especially in manufacturing industry. Thus, the growth of manufacturing industry is anticipated to drive the demand for gaskets and seals in the country.
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Target buyers of Mexico 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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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico gaskets and seals market , including forecasts for subscribers. This country databook contains high-level insights into Mexico gaskets and seals market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico gaskets and seals market size, by gaskets and seals, 2018-2030 (US$M)
Mexico Gaskets And Seals Market Outlook Share, 2023 & 2030 (US$M)
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