Saudi Arabia Gaskets And Seals Market Size & Outlook
Saudi Arabia gaskets and seals market, 2018-2030 (US$M)
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Saudi Arabia gaskets and seals market highlights
- The Saudi Arabia gaskets and seals market generated a revenue of USD 1,992.6 million in 2023 and is expected to reach USD 2,680.4 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 4.3% 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 1,992.6 million |
| Market revenue in 2030 | USD 2,680.4 million |
| Growth rate | 4.3% (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, Saudi Arabia accounted for 3.3% 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 Middle East & Africa, Saudi Arabia gaskets and seals market is projected to lead the regional market in terms of revenue in 2030.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 2,680.4 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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Saudi Arabia 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 Saudi Arabia gaskets and seals market based on gaskets, seals covering the revenue growth of each sub-segment from 2018 to 2030.
Saudi Arabia is pre-dominantly an oil-based economy with the majority of economic activities controlled by the government. However, the government is making efforts to boost the growth of non-oil industries, thereby, driving the manufacturing sector in the country.
The presence of robust oil & gas sector coupled with an expected rise of manufacturing sector is anticipated to drive the demand for sealing products over the forecast period.
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Target buyers of Saudi Arabia 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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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 Saudi Arabia gaskets and seals market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia gaskets and seals market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia gaskets and seals market size, by gaskets and seals, 2018-2030 (US$M)
Saudi Arabia Gaskets And Seals Market Outlook Share, 2023 & 2030 (US$M)
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