Gasket and Seal Materials Market Analysis APAC, North America, Europe, South America, Middle East and Africa - US, China, Japan, Germany, UK - Size and Forecast 2023-2027

Published: Jan 2023 Pages: 180 SKU: IRTNTR41484

Gasket and Seal Materials Market Forecast 2023-2027

The gasket and seal materials market is estimated to grow by USD 17.75 billion at a CAGR of 5.84% between 2022 and 2027. The market experiences rapid growth in developing economies like India, China, Brazil, Mexico, the Philippines, and Indonesia, where many manufacturers are relocating operations. Factors like abundant raw materials, land, inexpensive labor, and lenient regulations drive this growth. China and India's emergence as manufacturing hubs in APAC boost the demand for durable gaskets and seals across various sectors, including automotive and construction. Additionally, the expanding construction, logistics, and mining industries, particularly in China, propel the commercial vehicle market, further stimulating demand for gaskets and seals.

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Market Segmentation

This market report extensively covers market segmentation by End-user (OEMS and aftersales market), Application (automotive, industrial machinery, electrical and electronics, oil and gas, and others), and Geography (APAC, North America, Europe, South America, and Middle East and Africa).

By End-User

The market share growth by the OEMs segment will be significant during the forecast period. The OEMs segment accounted for a higher share than the aftersales segment in the global market in 2022. The demand for these materials in the OEM segment is primarily driven by the increased adoption of gaskets and seals by vehicle manufacturers.

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The OEMs segment was valued at USD 30.85 billion in 2017 and continued to grow until 2021. Gaskets and seals are important to prevent leakages in engines. Moreover, manufacturers are continuously innovating to be on par with the changes in automotive engines. Variations to gaskets and seals have been introduced, which are currently being used in various end-users such as automotive and industrial machinery. These factors will fuel the OEMs segment in the global market during the forecast period.

Regional Analysis

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APAC is estimated to contribute 40% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

The increase in demand for such materials from various industries, such as automobile, electric and electronics, and industrial machinery, is expected to drive the regional market during the forecast period. One of the significant factors influencing the growth of the regional market is the increase in the number of automotive manufacturing plants. Currently, APAC is the global leader in terms of automotive production and is expected to continue dominating the market during the forecast period. 

Furthermore, in India, high investments in the water treatment sector are being fueled. The factors responsible for this are the lack of fresh water and the depletion of groundwater resources. Additionally, the growing population intensity is resulting in the government's inability to create sufficient infrastructure for properly handling and treating wastewater. Therefore, the Indian government is increasingly resorting to the public-private partnership model to create more wastewater treatment facilities. Such initiatives by the government are driving the demand for these materials in APAC. Owing to these factors, the market in APAC is expected to witness steady growth during the forecast period.

Market Dynamics and Customer Landscape

The gasket and seals material market encompasses diverse materials like silicone, metal, thermoplastics, and elastomers. Applications span various sectors, including aerospace and power generation. Notably, copper, stainless steel, and ceramics find utility in demanding environments. With a focus on quality, direct sales channels target the OEM segment, emphasizing products like metallic gaskets and elastomers tailored for specific industry needs. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Market Driver

The market is driven significantly by the increased utilization of gaskets and seals to enhance the operational efficiency of engineering equipment. Essential sectors such as oil and gas, chemical, mining, and food processing heavily rely on engineered machinery for their day-to-day activities. The occurrence of fluid, oil, and lubricant leaks can severely impair equipment performance, underscoring the importance of gaskets and seals in maintaining optimal functionality. Periodic upgrades of these components not only enhance the efficiency and productivity of machinery but also drive aftermarket sales due to their relatively short lifespan. For instance, John Crane reported that the oil and gas and petrochemical sectors accounted for 30% of its total aftermarket sales, highlighting the demand for replacements in these industries. This trend is expected to further boost the global market during the forecast period.

Significant Market Trend

An emerging trend in the market is the growth in aftermarket sales. Materials with varying lifespans, dependent on their application, require regular replacement to adhere to federal or local emission regulations and maintain process efficiency by preventing leakage. The replacement or upgradation of these materials significantly contributes to the expansion of the global market.

A significant portion of the global market relies on aftermarket sales. The majority of mechanical seal replacements follow a like-for-like approach, wherein end-users continue to use the same type of seals, such as cartridge seals. Given the short lifespan of most seals and the need for frequent replacement, vendors are increasingly prioritizing aftermarket sales. This surge in aftermarket sales is anticipated to propel the global market during the forecast period.

Major Market Challenge

The volatility in raw material prices is a major challenge impeding the market. The fluctuating prices of raw materials for the production of metallic and non-metallic gaskets and seals are expected to hamper the market growth. Some of the metals used in manufacturing metallic gaskets include stainless steel, aluminum, titanium, and copper. Silicone, PTFE, thermoplastic polyurethane (TPU), fluorocarbon elastomer, natural rubber, and graphite are some of the materials used in the production of non-metallic gaskets.

Therefore, an increase in the prices of raw materials is expected to increase the cost of production and result in a subsequent decline in the profit margins. Additionally, the cost of energy for production, along with the transportation and secondary materials costs, are also increasing. Hence, all these factors will likely hinder the market during the forecast period. 

Customer Landscape

The report includes the market's adoption lifecycle, covering the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their strategies.

Global Market Customer Landscape

Who are the Major Gasket and Seal Materials Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Excelsior Inc. - The company provides contract manufacturing and distribution services for metallic and non-metallic products such as gaskets, washers, seals, insulators, packings, shims, and shipping materials.

The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:

  • A.W. Chesterton Co.
  • AB SKF
  • Aesseal Plc
  • AMETEK Inc.
  • Boyd Corp.
  • Cooper Standard Holdings Inc.
  • Dana Inc.
  • ElringKlinger AG
  • EnPro Industries Inc.
  • Flowserve Corp.
  • Freudenberg SE
  • HEXPOL AB
  • Meccanotecnica Umbra SPA
  • Parker Hannifin Corp.
  • Sealmax

Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

Market Analyst Overview

The market caters to various industries like oil and gas, chemical, and automotive sectors, offering essential components for maintenance and lubrication. Particularly in the Asia-Pacific region, applications span across valves, pumps, piping, and storage tanks, adhering to ANSI/ASME standards. Notably, India's Oil and Natural Gas Corporation (ONGC) and China National Petroleum Corporation (CNPC) drive demand in exploration and production, while the United States and Russia lead in offshore exploration. The market also serves aerospace, power generation, and electrical sectors, offering a wide array of materials like elastomers, ceramics, and thermoplastics through direct sales channels and third-party distributors, ensuring compliance with regulatory bodies like the FDA and ASTM.

The market spans various sectors, from automotive to aerospace, with glass and concrete emerging as notable materials. Third-party distributors and suppliers ensure timely access to products meeting stringent FDA, ASTM, and CFR standards. Robotic programming and automated dispensing technologies address the substitution threat, enhancing production efficiency. FIP liquid gaskets dominate the seals segment, catering to water purifiers, heaters, and treatment vessels. Mechanical seals find application in steam pressure vessels and generators. In the automotive segment, seals are critical for powertrain integrity, chassis stability, and exhaust manifold sealing. Aerospace and marine industries demand high-performance gaskets for safety and efficiency, while MRO activities rely on engineered plastics for retrofitting and repair.

Segment Overview

The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.

  • End-user Outlook 
    • OEMs
    • Aftersales market
  • Application Outlook 
    • Automotive
    • Industrial machinery
    • Electrical and electronics
    • Oil and gas
    • Others
  • Region Outlook (USD Billion, 2017 - 2027)
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa
    • South America
      • Chile
      • Brazil
      • Argentina

Gasket And Seal Materials Market Scope

Report Coverage

Details

Page number

180

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 5.84%

Market growth 2023-2027

USD 17.75 billion

Market structure

Fragmented

YoY growth 2022-2023(%)

5.6

Regional analysis

APAC, North America, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 40%

Key countries

US, China, Japan, Germany, and UK

Competitive landscape

 Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

A.W. Chesterton Co., AB SKF, Aesseal Plc, AMETEK Inc., Boyd Corp., Cooper Standard Holdings Inc., Dana Inc., ElringKlinger AG, EnPro Industries Inc., Excelsior Inc., Flowserve Corp., Freudenberg SE, HEXPOL AB, Meccanotecnica Umbra SPA, Parker Hannifin Corp., Sealmax, Stockwell Elastomerics Inc., Tenneco Inc., Trelleborg AB, and VALQUA Ltd.

Market dynamics

Parent market analysis, Market Forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.

Customization purview

If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the market growth and forecasting of the market between 2023 and 2027
  • Precise estimation of the size of the market size and its contribution to the parent market
  • Accurate predictions about upcoming market trends and analysis and changes in consumer behavior
  • Growth of the market industry across Europe, North America, APAC, South America, and Middle East and Africa
  • Thorough market growth analysis of the market’s competitive landscape and detailed information about companies
  • Comprehensive market analysis and report on the factors that will challenge the market research and growth of market companies

We can help! Our analysts can customize this report to meet your requirements. Get in touch

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global gasket and seal materials market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on Global gasket and seal materials market 2017 - 2021 ($ billion)
    • 4.2 End-User Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – End-User Segment 2017 - 2021 ($ billion)
    • 4.3 Application Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Application Segment 2017 - 2021 ($ billion)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by End-user

    • 6.1 Market segments
      • Exhibit 30: Chart on End-user - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on End-user - Market share 2022-2027 (%)
    • 6.2 Comparison by End-user
      • Exhibit 32: Chart on Comparison by End-user
      • Exhibit 33: Data Table on Comparison by End-user
    • 6.3 OEMs - Market size and forecast 2022-2027
      • Exhibit 34: Chart on OEMs - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 35: Data Table on OEMs - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 36: Chart on OEMs - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on OEMs - Year-over-year growth 2022-2027 (%)
    • 6.4 Aftersales market - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Aftersales market - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 39: Data Table on Aftersales market - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 40: Chart on Aftersales market - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Aftersales market - Year-over-year growth 2022-2027 (%)
    • 6.5 Market opportunity by End-user
      • Exhibit 42: Market opportunity by End-user ($ billion)

    7 Market Segmentation by Application

    • 7.1 Market segments
      • Exhibit 43: Chart on Application - Market share 2022-2027 (%)
      • Exhibit 44: Data Table on Application - Market share 2022-2027 (%)
    • 7.2 Comparison by Application
      • Exhibit 45: Chart on Comparison by Application
      • Exhibit 46: Data Table on Comparison by Application
    • 7.3 Automotive - Market size and forecast 2022-2027
      • Exhibit 47: Chart on Automotive - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 48: Data Table on Automotive - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 49: Chart on Automotive - Year-over-year growth 2022-2027 (%)
      • Exhibit 50: Data Table on Automotive - Year-over-year growth 2022-2027 (%)
    • 7.4 Industrial machinery - Market size and forecast 2022-2027
      • Exhibit 51: Chart on Industrial machinery - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 52: Data Table on Industrial machinery - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 53: Chart on Industrial machinery - Year-over-year growth 2022-2027 (%)
      • Exhibit 54: Data Table on Industrial machinery - Year-over-year growth 2022-2027 (%)
    • 7.5 Electrical and electronics - Market size and forecast 2022-2027
      • Exhibit 55: Chart on Electrical and electronics - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 56: Data Table on Electrical and electronics - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 57: Chart on Electrical and electronics - Year-over-year growth 2022-2027 (%)
      • Exhibit 58: Data Table on Electrical and electronics - Year-over-year growth 2022-2027 (%)
    • 7.6 Oil and gas - Market size and forecast 2022-2027
      • Exhibit 59: Chart on Oil and gas - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 60: Data Table on Oil and gas - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 61: Chart on Oil and gas - Year-over-year growth 2022-2027 (%)
      • Exhibit 62: Data Table on Oil and gas - Year-over-year growth 2022-2027 (%)
    • 7.7 Others - Market size and forecast 2022-2027
      • Exhibit 63: Chart on Others - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 64: Data Table on Others - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 65: Chart on Others - Year-over-year growth 2022-2027 (%)
      • Exhibit 66: Data Table on Others - Year-over-year growth 2022-2027 (%)
    • 7.8 Market opportunity by Application
      • Exhibit 67: Market opportunity by Application ($ billion)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 68: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 69: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 70: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 71: Chart on Geographic comparison
      • Exhibit 72: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2022-2027
      • Exhibit 73: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 74: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 75: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 76: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.4 North America - Market size and forecast 2022-2027
      • Exhibit 77: Chart on North America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 78: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 79: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 80: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.5 Europe - Market size and forecast 2022-2027
      • Exhibit 81: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 82: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 83: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 84: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.6 South America - Market size and forecast 2022-2027
      • Exhibit 85: Chart on South America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 86: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 87: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 88: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 89: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 90: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 91: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 92: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.8 China - Market size and forecast 2022-2027
      • Exhibit 93: Chart on China - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 94: Data Table on China - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 95: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 96: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.9 US - Market size and forecast 2022-2027
      • Exhibit 97: Chart on US - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 98: Data Table on US - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 99: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 100: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.10 Germany - Market size and forecast 2022-2027
      • Exhibit 101: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 102: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 103: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 104: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 9.11 UK - Market size and forecast 2022-2027
      • Exhibit 105: Chart on UK - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 106: Data Table on UK - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 107: Chart on UK - Year-over-year growth 2022-2027 (%)
      • Exhibit 108: Data Table on UK - Year-over-year growth 2022-2027 (%)
    • 9.12 Japan - Market size and forecast 2022-2027
      • Exhibit 109: Chart on Japan - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 110: Data Table on Japan - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 111: Chart on Japan - Year-over-year growth 2022-2027 (%)
      • Exhibit 112: Data Table on Japan - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 113: Market opportunity by geography ($ billion)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 114: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 115: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 116: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 117: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 118: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 119: Matrix on vendor position and classification
            • 12.3 A.W. Chesterton Co.
              • Exhibit 120: A.W. Chesterton Co. - Overview
              • Exhibit 121: A.W. Chesterton Co. - Product / Service
              • Exhibit 122: A.W. Chesterton Co. - Key offerings
            • 12.4 AB SKF
              • Exhibit 123: AB SKF - Overview
              • Exhibit 124: AB SKF - Business segments
              • Exhibit 125: AB SKF - Key news
              • Exhibit 126: AB SKF - Key offerings
              • Exhibit 127: AB SKF - Segment focus
            • 12.5 AMETEK Inc.
              • Exhibit 128: AMETEK Inc. - Overview
              • Exhibit 129: AMETEK Inc. - Business segments
              • Exhibit 130: AMETEK Inc. - Key offerings
              • Exhibit 131: AMETEK Inc. - Segment focus
            • 12.6 Boyd Corp.
              • Exhibit 132: Boyd Corp. - Overview
              • Exhibit 133: Boyd Corp. - Product / Service
              • Exhibit 134: Boyd Corp. - Key news
              • Exhibit 135: Boyd Corp. - Key offerings
            • 12.7 Dana Inc.
              • Exhibit 136: Dana Inc. - Overview
              • Exhibit 137: Dana Inc. - Business segments
              • Exhibit 138: Dana Inc. - Key news
              • Exhibit 139: Dana Inc. - Key offerings
              • Exhibit 140: Dana Inc. - Segment focus
            • 12.8 ElringKlinger AG
              • Exhibit 141: ElringKlinger AG - Overview
              • Exhibit 142: ElringKlinger AG - Business segments
              • Exhibit 143: ElringKlinger AG - Key offerings
              • Exhibit 144: ElringKlinger AG - Segment focus
            • 12.9 EnPro Industries Inc.
              • Exhibit 145: EnPro Industries Inc. - Overview
              • Exhibit 146: EnPro Industries Inc. - Business segments
              • Exhibit 147: EnPro Industries Inc. - Key offerings
              • Exhibit 148: EnPro Industries Inc. - Segment focus
            • 12.10 Excelsior Inc.
              • Exhibit 149: Excelsior Inc. - Overview
              • Exhibit 150: Excelsior Inc. - Product / Service
              • Exhibit 151: Excelsior Inc. - Key offerings
            • 12.11 Flowserve Corp.
              • Exhibit 152: Flowserve Corp. - Overview
              • Exhibit 153: Flowserve Corp. - Business segments
              • Exhibit 154: Flowserve Corp. - Key news
              • Exhibit 155: Flowserve Corp. - Key offerings
              • Exhibit 156: Flowserve Corp. - Segment focus
            • 12.12 Freudenberg SE
              • Exhibit 157: Freudenberg SE - Overview
              • Exhibit 158: Freudenberg SE - Business segments
              • Exhibit 159: Freudenberg SE - Key news
              • Exhibit 160: Freudenberg SE - Key offerings
              • Exhibit 161: Freudenberg SE - Segment focus
            • 12.13 HEXPOL AB
              • Exhibit 162: HEXPOL AB - Overview
              • Exhibit 163: HEXPOL AB - Business segments
              • Exhibit 164: HEXPOL AB - Key news
              • Exhibit 165: HEXPOL AB - Key offerings
              • Exhibit 166: HEXPOL AB - Segment focus
            • 12.14 Parker Hannifin Corp.
              • Exhibit 167: Parker Hannifin Corp. - Overview
              • Exhibit 168: Parker Hannifin Corp. - Business segments
              • Exhibit 169: Parker Hannifin Corp. - Key news
              • Exhibit 170: Parker Hannifin Corp. - Key offerings
              • Exhibit 171: Parker Hannifin Corp. - Segment focus
            • 12.15 Stockwell Elastomerics Inc.
              • Exhibit 172: Stockwell Elastomerics Inc. - Overview
              • Exhibit 173: Stockwell Elastomerics Inc. - Product / Service
              • Exhibit 174: Stockwell Elastomerics Inc. - Key offerings
            • 12.16 Tenneco Inc.
              • Exhibit 175: Tenneco Inc. - Overview
              • Exhibit 176: Tenneco Inc. - Business segments
              • Exhibit 177: Tenneco Inc. - Key news
              • Exhibit 178: Tenneco Inc. - Key offerings
              • Exhibit 179: Tenneco Inc. - Segment focus
            • 12.17 Trelleborg AB
              • Exhibit 180: Trelleborg AB - Overview
              • Exhibit 181: Trelleborg AB - Business segments
              • Exhibit 182: Trelleborg AB - Key news
              • Exhibit 183: Trelleborg AB - Key offerings
              • Exhibit 184: Trelleborg AB - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 185: Inclusions checklist
                • Exhibit 186: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 187: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 188: Research methodology
                • Exhibit 189: Validation techniques employed for market sizing
                • Exhibit 190: Information sources
              • 13.5 List of abbreviations
                • Exhibit 191: List of abbreviations
              • in manufacturing industry: Market dynamics in some major process and discrete industries are changing drastically, and manufacturers are gradually feeling the brunt of excessive demand fluctuations. The fluctuating prices of oil and gas and metals in the global market and the shortage of a skilled workforce worldwide have directly affected the profitability of manufacturing companies. A sudden and unexpected shift in market dynamics can drastically impact manufacturing processes and investments in capital goods.

                Research Framework

                Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

                INFORMATION SOURCES

                Primary sources

                • Manufacturers and suppliers
                • Channel partners
                • Industry experts
                • Strategic decision makers

                Secondary sources

                • Industry journals and periodicals
                • Government data
                • Financial reports of key industry players
                • Historical data
                • Press releases

                DATA ANALYSIS

                Data Synthesis

                • Collation of data
                • Estimation of key figures
                • Analysis of derived insights

                Data Validation

                • Triangulation with data models
                • Reference against proprietary databases
                • Corroboration with industry experts

                REPORT WRITING

                Qualitative

                • Market drivers
                • Market challenges
                • Market trends
                • Five forces analysis

                Quantitative

                • Market size and forecast
                • Market segmentation
                • Geographical insights
                • Competitive landscape

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                Key Questions Answered

                • What are the key global market and the regional market share?
                • What are the revenue-generating key market segments?
                • What are the key factors driving and challenging this market’s growth?
                • Who are the key market vendors and their growth strategies?
                • What are the latest trends influencing the growth of this market?
                • What are the variables influencing the market growth in the primary regions?
                • What are the factors influencing the growth of the parent market?

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