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Future Market Insights has announced the addition of the “Gaskets and Seals Market: Global Industry Analysis and Opportunity Assessment 2016-2026" report to their offering.
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Gaskets and Seals Market: Global Industry Analysis and Opportunity Assessment, 2016-2026 May 2017 Report Id : REP-GB-815 Status : Apr-17 Category : Industrial Automation and Equipment ©2015 Future Market Insights, All Rights Reserved
About Future Market Insights Future Market Insights (FMI) is a premier provider of syndicated research reports, custom research reports, and consulting services. We deliver a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights,aerial view of the competitive framework, and future market trends. We provide research services at a global as well as regional level; key regions include GCC, ASEAN, and BRIC. Our offerings cover a broad spectrum of industries including Chemicals, Materials, Energy, Technology,Healthcare, and Retail. We have a global presence with delivery centers across India specializing in providing global research reports and country research reports. FMI is headquartered out of London, U.K., with a state-of-the-art delivery center located in Pune, India. We combine our knowledge and learning from every corner of the world to distill it to one thing – the perfect solutionfor our client. Research Capabilities Sector Coverage Customized Research Syndicated Research Investment Research Social Media Research Automotive and Transportation Electronics, Semiconductor, and ICT Retail and Consumer Products Industrial Automation and Equipment Chemicals & Materials Food and Beverages Services and Utilities Energy, Mining, Oil, and Gas Customized Research Subscription Information Syndicated Research For detailed subscription information please contact Hari. T (Sr. Manager - Global Business Development) Investment Research T: +44 (0) 20 7692 8790 | D: +44 20 3287 4268 Email: hari.t@futuremarketinsights.com Social Media Research ©2015 Future Market Insights, All Rights Reserved 2
Research Methodology (1/2) Systematic Research Approach 1 In-depth secondary research is used to ascertain overall market size, top industry players, top products, industry associations, etc. Research & Intelligence Data Collection Data Filter & Analysis Actionable Insights Business Solution Market profiling 2 PMR formulates a detailed discussion guide to conduct expert and industry interviews Identifying key opinion leaders Questionnaire design In-depth interviews Coverage across value chain Formulating discussion guide 3 A PMR develops a list of industry players (manufacturers), distributors, retailers and industry experts Primary Research Key industry experts Channel study Developments Market dynamics Products Conclusions Developing list of respondents B 4 PMR conducts interviews with industry experts, industry players, distributors and retailers SOLUTION Desk Research Data collection Market participants Key strengths Product portfolio Mapping as per value chain Key focus segments C Company Analysis Data is validated by triangulation method, wherein secondary, primary and PMR analysis contribute to the final data 5 Data validation 6 Data is scrutinized using MS-Excel to obtain qualitative and quantitative insights about the industry Data analysis Primary Research# Secondary Research # Paid Publications# Linkedin Zoominfo Salesforce Avention Company websites Company annual reports White papers Financial reports Factiva GBI Genios Meltwater 7 PMR delivers industry insights and information in the required format (PDF) Insights # includes sources of databases ©2015 Future Market Insights, All Rights Reserved 3
Gaskets and Seals Market Global Gaskets & Seals Market Poised to Grow at 5.4% CAGR during 2016-2026 Multiple manufacturing processes adopted across diverse industrial verticals are all contingent upon efficiency of engineering equipment & systems. The need to improve operability of such systems can be met with the use of gaskets & seals – devices that help connect multiple surfaces & systems to complete a mechanical workflow. Apropos a latest report published by Future Market Insights, the global demand for gaskets & seals is projected to surge at a steady rate during the forecast period 2016-2026. The report estimates that in 2016, more than US$ 60 Bn worth of gasket & seals were sold across the globe. Key projections compiled in the report predict that global gaskets & seals revenues will surpass US$ 100 Bn by the end of 2026, registering a value CAGR of 5.4%. The report, titled “Gaskets and Seals Market: Global Industry Analysis and Opportunity Assessment, 2016-2026,” further projects that in 2017 and beyond, the demand for non-metallic gaskets & seals will be considerably higher than metallic materials. By the end of 2026, more than 60% of global revenues will be accounted by sales of non-metallic gaskets & seals. Non-metallic materials will remain in great demand due to their competitive advantage over metallic materials on the grounds on environmental imprint and cost-effective procurement. The report has also compiled key factors impacting the growth of global gaskets & seals market during the forecast period, which follow: Rising instances of leakage in industrial units that cause considerable loss in terms of property damage & health risks can be averted by use of gaskets & seals ©2015 Future Market Insights, All Rights Reserved 4
Gaskets and Seals Market The demand for gaskets & seals is also expected to rise on the account of their compliance with several strict regulations, that prompt minimisation of leakage & fugitive emissions, observed across the globe Advent of 3D printing is likely to lower costs of manufacturing gaskets & seals, and will also facilitate the urgency to deliver customised products Key challenges inhibiting the market’s growth during the forecast period are complex manufacturing processes, altering designs and limited material applicability for production of gaskets & seals Nevertheless, the report expects that customisations made to existing gasket & seal products will hold lucrative opportunity for manufacturers in the years to come. Companies such as Freudenberg & Co. KG, Henniges Automotive Holdings Inc., SKF AB, Federal-Mogul Holdings Corporation, Smiths Group Inc. (John Crane), ElringKlinger AB, Trelleborg AB, Dana Incorporated, Banco Products (I) Ltd. and Parker Hannifin Corp. are observed as key manufacturers in global market for gaskets & seals. A comparative forecast on the global sales of gaskets and seals during the forecast period projects that global demand for seals will remain fairly higher than that of gaskets. By the end of 2026, solid and spiral wound gaskets will be observed as top-selling products in the market, procuring more than US$ 25 Bn in global revenues. On the other hand, a majority of global sales of seals will dominated by dynamic seals. Static seals are projected to procure just over 42% share on global seals revenues through 2026-end. ©2015 Future Market Insights, All Rights Reserved 5
Gaskets and Seals Market The report further reveals that automotive industry will be one of the largest end-user of gaskets & seals in the world. However, the imprint of automotive end-use on the global gaskets & seals market will witness a downtrend, while revenues accounted by machinery and electronics & electrical industries during the forecast period will register 5.5% and 5.6% CAGRs respectively. Key findings in the report also predict that more by the end of 2026, more than three-fourth of gaskets & seals revenues will be accounted by OEM sales channels. The report also expects Asia-Pacific excluding Japan region to dominate global gaskets & seals revenues by registering a value CAGR of 6.8% and brining in over US$ 43 Bn revenues by 2026-end. Other regions are expected to showcase a sluggish growth in terms of gaskets & seals sales, exhibiting CAGRs below 5%. ©2015 Future Market Insights, All Rights Reserved 6
Table of Content 1. Executive Summary 2. Market Introduction 2.1. Market Definition 2.2. Market Taxonomy 3. Product Overview 4. Market Dynamics 4.1.Drivers 4.2.Restraints 4.3. Opportunities 4.4. Trends 5. Gaskets and Seals Market Analysis Scenario 5.1. Market Size (US$ Mn) and Forecast 5.1.1. Market Size and Y-o-Y Growth 5.1.2. Absolute $ Opportunity 5.2. Market Overview 5.2.1. Value Chain 5.2.2. List of Active Participants ©2015 Future Market Insights, All Rights Reserved 7
Table of Content 5.2.2.1. Raw Material Suppliers 5.2.2.2. Manufacturers 5.2.2.3. Distributors / Retailers 6. Global Gaskets and Seals Market Analysis and Forecast, By Product Type 6.1. Introduction 6.1.1. Basis Point Share (BPS) Analysis by Product Type 6.1.2. Y-o-Y Growth Projections by Product Type 6.2. Market Size (US$ Mn) Forecast By Product Type 6.2.1. Gaskets 6.2.1.1. Jacketed 6.2.1.2. Solid 6.2.1.3. Spiral Wound 6.2.1.4. Kammprofile 6.2.2. Seals 6.2.2.1. Static 6.2.2.2. Dynamic 6.3. Market Attractiveness Analysis By Product Type 6.4. Prominent Trends ©2015 Future Market Insights, All Rights Reserved 8
Table of Content 7. Global Gaskets and Seals Market Analysis and Forecast, By End-Use Industry 7.1. Introduction 7.1.1. Basis Point Share (BPS) Analysis By End-Use Industry 7.1.2. Y-o-Y Growth Projections By End-Use Industry 7.1.3. Comparative Analysis By End-Use Industry 7.2. Market Size (US$ Mn) Forecast By End-Use Industry 7.2.1. Metallic 7.2.2. Non-Metallic 7.2.2.1. Elastomeric 7.2.2.2. Others 7.3. Market Attractiveness Analysis By End-Use Industry 7.4. Prominent Trends 8. Global Gaskets and Seals Market Analysis and Forecast, By End-Use Industry 8.1. Introduction 8.1.1. Basis Point Share (BPS) Analysis By End-Use Industry 8.1.2. Y-o-Y Growth Projections By End-Use Industry 8.1.3. Comparative Analysis By End-Use Industry ©2015 Future Market Insights, All Rights Reserved 9
Table of Content 8.2. Market Size (US$ Mn) Forecast By End-Use Industry 8.2.1. Automotive 8.2.2. Aerospace 8.2.3. Machinery 8.2.4. Electrical and Electronics 8.2.5. Marine and rail 8.2.6. Others 8.3. Market Attractiveness Analysis By End-Use Industry 8.4. Prominent Trends ©2015 Future Market Insights, All Rights Reserved 10
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