Europe Gaskets and Seals Market. By Type (Gaskets and Seals), Application (Heat Exchangers, Pressure Vessels, Manhole Covers, Handhole, Valve Bonnets, Pipe Flanges and Others), Distribution Channel (OEM’S and Aftermarket), Industry (Paper and Pulp Industry, Oil and Gas, Electrical, Automotive, Aerospace, Industrial Manufacturing, Marine and Rail and Others) Industry Trends and Forecast To 2030
Europe Gaskets and Seals Market Analysis and Insights
Gaskets seal a connection between two components and used to fill the empty spaces between two surfaces which help to avoid leakage and wastage of fluids and gas in the application. Gaskets products are mainly used as static seals. Seals products are used between engine parts, pumps, and shafts that rotate rather than those that are static. The gaskets and seals are specially designed depending on type of equipment and end-use surface.
Gaskets and seals products ensure the effective working of the rotating equipment in the manufacturing industry. Seals product lowers the maintenance, repair, and operations (MRO) cost as seals product are able to handle the equipment in high pressure and extremely harsh conditions. Several rotating machines are running of the electrical system and seals products prevent the fluid to enter in the system to lower the damage.
Gaskets and seals market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
Europe gaskets and seals market is expected to gain market growth in the forecast period of 2023 to 2030. Data Bridge Market Research analyses that the market is growing at a CAGR of 5.4% in the forecast period of 2023 to 2030 and expected to reach USD 22,073.50 million by 2030. The major factor driving the growth of the Gaskets is the rising demand from the automobile industry and industrial gaskets have wider applications in various end-use sectors expected to drive the market growth
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2020-2016)
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Quantitative Units
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Revenue in USD Million
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Segments Covered
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By Type (Gaskets and Seals), Application (Heat Exchangers, Pressure Vessels, Manhole Covers, Handhole, Valve Bonnets, Pipe Flanges and Others), Distribution Channel (OEM’S and Aftermarket), Industry (Paper and Pulp Industry, Oil and Gas, Electrical, Automotive, Aerospace, Industrial Manufacturing, Marine and Rail and Others).
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Countries Covered
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Germany, U.K., Italy, France, Spain, Russia, Turkey, Switzerland, Belgium, Netherlands, Rest of Europe.
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Market Players Covered
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SKF, Freudenberg FST GmbH (a subsidiary of Freudenberg), Flowserve Corporation, John Crane (a subsidiary of Smiths Group plc), BRUSS Sealing Systems GmbH, Trelleborg AB, ElringKlinger AG, Cooper Standard, GARLOCK FAMILY OF COMPANIES (a subsidiary of EnPro Industries), Dätwyler Holding Inc., Lamons LGC US Asset Holdings, LLC (a subsidiary of TriMas), W. L. Gore & Associates, Inc., IDT, NICHIAS Corporation, Tenneco Inc, TT Gaskets, HAFF-Dichtungen GmbH., AMG Sealing Limited, and PAR Group among others.
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Market Definition
Gaskets and seals are small components used in manufacturing large engines that work on the fuels. The gaskets and seals have a primary function not to allow the mixing the fluid and prevent leakage of the engine’s gasses. The gaskets and seal products are of different shapes according to the engine of equipment, which are used, in the automotive, oil, and gas industry.
Market Dynamics
This section deals with understanding the market drivers, opportunities, restraints, and challenges. All of this is discussed in detail as below:
Drivers
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Increasing demand of seals in automotive
Seals are kind of small device or substance which is used to join two things together in the engine so as to prevent them from coming apart and also to prevent anything from passing between each other. The metallic seals are the small parts which are used in the automotive equipment to increase the efficiency of machine and lower the wear and tear in engine. The high quality seals can survive in heavy duty vehicles and extreme vibrations which are generated in running engine.
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Increasing usage of rotating equipment in manufacturing industries
With the increasing demand of the finished products in all the regions, the demand of the equipment in the manufacturing industry has also increased. Several types of process are being done in the industry which requires different machinery for manufacturing finished goods. Machineries have different types of engines which can run on gas or fuel products. To lower the friction among machinery part and wear and tear, seals and gaskets products are used.
Opportunities
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Introduction of high technology for checking the quality of gaskets and sealing products
The seals and gaskets are very small part in the equipment but play a major role as seals prevent the fluid and gas substances to enter into machine so it is very important to ensure the quality of the gaskets or seals products before to implement in the machine or engine. The gaskets and seals products are manufactured in different shapes and material according to the application. Several checks are done manually by the manufacturers during the manufacturing process in the industry.
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Introduction of self-monitoring seals
The machine or engine which is installed in the plants or automotive industry are done for the longer duration but are used on the regular basis due to which the wear and tear of parts are more inside the engine. The seals products which are installed with the machine have to work under different pressure and temperature which increases a wear and tear of the seals products. Several types of lubricants are used in the machineries which involve different chemical composition which some time also affect the composition of sealing products.
RestrainT/challenge
- Changes in automotive engines
With the development in the automotive sector, new engine has been introduced due to which the production of different types of seals and gaskets have to be produced in the market. The manufacturer faces difficulty in selling of old inventory due to which huge losses have to be faced by manufacturers. The coming of BS4 engine in the developing countries have changed several spare parts of engine due to which different dimension seals and gaskets have to be produced by manufacturers.
Recent Development
- In April 2020, Trelleborg AB have decided to launch the Next Generation Fire Seal which are used in the automotive and aerospace industry. This development helps the company to increase revenue.
Europe Gaskets and Seals Market Scope and Market Size
Europe gaskets and seals market is categorized into type, application, distribution channel and industry. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
Type
- Gaskets
- Seals
On the basis of type, the market is segmented into gaskets and seals.
Application
- Heat exchangers pressure vessels
- Manhole covers
- Handhole
- valve bonnets
- Pipe flanges
- Others
On the basis of application, the market is segmented into heat exchangers, pressure vessels, manhole covers, handhole, valve bonnets, pipe flanges and others.
Distribution Channel
- OEM’s
- Aftermarket
On the basis of distribution channel, the market is segmented into OEM’s and aftermarket.
Industry
- Paper and Pulp Industry
- Oil and Gas
- Electrical
- Automotive
- Aerospace
- Industrial Manufacturing
- Marine and Rail
- Others
On the basis of industry, the market is segmented into paper and pulp industry, oil and gas, electrical, automotive, aerospace, industrial manufacturing, marine and rail and others.
Gaskets and Seals Market Regional/Country Level Analysis
Europe market is analysed and market size information is provided by country, type, application, distribution channel and industry as referenced above.
The countries covered in Europe Gaskets and seals market report are Germany, France, U.K., Italy, Spain, Russia, Turkey, Belgium, Netherlands, Switzerland, Poland, and rest of Europe.
Europe gaskets and seals market is dominating the market due to highly usage of seals in oil and gas industry in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Growth in the Gaskets and Seals Industry
Europe Gaskets and seals market also provides you with detailed market analysis for every country growth in installed base of different kind of products for Gaskets and seals market, impact of technology using life line curves and changes in infant formula regulatory scenarios and their impact on the Gaskets and seals market. The data is available for historic period 2010 to 2019.
Competitive Landscape and Gaskets and Seals Market Share Analysis
Europe gaskets and seals market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, company strengths and weaknesses, product launch, clinical trials pipelines, brand analysis, product approvals, patents, product width and breath, application dominance, technology lifeline curve. The above data points provided are only related to the company’s focus related to Europe Gaskets and seals market.
The major players covered in the report are SKF, Freudenberg FST GmbH (a subsidiary of Freudenberg), Flowserve Corporation, John Crane (a subsidiary of Smiths Group plc), BRUSS Sealing Systems GmbH, Trelleborg AB, ElringKlinger AG, Cooper Standard, GARLOCK FAMILY OF COMPANIES (a subsidiary of EnPro Industries), Dätwyler Holding Inc., Lamons LGC US Asset Holdings, LLC (a subsidiary of TriMas), W. L. Gore & Associates, Inc., IDT, NICHIAS Corporation, Tenneco Inc, TT Gaskets, HAFF-Dichtungen GmbH., AMG Sealing Limited, and PAR Group among others.
DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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