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Gaskets Market Share

Report ID: GMI5681
Published Date: Nov 2024
Report Format: PDF

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Gaskets Market Share

Global GasketsCompany Market Share Analysis, (2023)

The gaskets market is fragmented, with prominent players holding a market share of 5%-10% of the total market share. Key companies generally focus on improving product performance through technological advancements and expanding their portfolios to meet the increasing demand from diverse industries. Manufacturers are leveraging new materials, such as advanced elastomers, semi-metallic materials, and composites, to enhance durability, temperature resistance, and sealing efficiency. With industries like automotive, aerospace, and energy requiring highly specialized sealing solutions, companies are also investing in R&D to cater to niche markets that demand high precision and sustainability.

Gaskets Market Companies

Major players operating in the gaskets industry include:

BRUSS Sealing Systems GmbH
Cooper Standard Holdings Inc.
Dana Incorporated
Datwyler Holding AG
ElringKlinger AG
Flowserve Corporation
Freudenberg Sealing Technologies GmbH & Co. KG
Garlock Sealing Technologies LLC
IGP Engineers Private Limited
John Crane Group Limited
KLINGER Holding GmbH
SKF Group
Smiths Group plc
Tenneco Inc.
Trelleborg AB

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The global market for gaskets was reached USD 9.4 billion in 2023 and is estimated to grow at a 6.2% CAGR from 2024 to 2032, driven by rising demand from the automotive and industrial sectors.

The soft gaskets segment was valued at approximately USD 3.1 billion in 2023 and is expected to grow at a 6.4% CAGR through 2032, led by their excellent sealing capabilities and adaptability.

The offline sales segment dominated with around 63% market share in 2023 and is expected to grow at a 6.4% CAGR up to 2032, propelled by the need for custom, high-performance products in industries like automotive, aerospace, and machinery.

The U.S. gaskets market size surpassed USD 2.1 billion in 2023 and is predicted to showcase about a 6.4% CAGR through 2032, driven by demand from the automotive, aerospace, and manufacturing sectors.

Major players in the gaskets industry include BRUSS Sealing Systems GmbH, Cooper Standard Holdings Inc., Dana Incorporated, Datwyler Holding AG, ElringKlinger AG, Flowserve Corporation, Freudenberg Sealing Technologies GmbH & Co. KG, Garlock Sealing Technologies LLC, IGP Engineers Private Limited, John Crane Group Limited, KLINGER Holding GmbH, SKF Group, Smiths Group plc, Tenneco Inc., and Trelleborg AB.