Gasket and seals industry in the US is expected to grow over the next five years, driven by the significant aftermarket sales. Seals have a minimum lifespan of two years and can extend up to three years based on their application. They must be upgraded periodically or replaced to ensure their reliability, efficiency, and compliance with federal or local emission regulations. Upgradation or replacements of seals contribute to the overall gasket and seals industry and is one of the key driving factors behind the market growth.
The leading gaskets and seal manufacturers are increasingly focused on aftermarket sales to expand their revenue as it constitutes a significant share of the market. Along with this, the shale industry is witnessing high investments, encouraging shale gas producers to increase their output, leading to higher demand for gaskets and seals market in the US over the next five years. The increasing investments in the US shale industry will drive the gasket and seals market in the US to grow at a CAGR of almost 4% during the forecast period.
Top gaskets and seals manufacturers covered in this market research report
The gasket and seals market in the US is fairly fragmented with the existence of many gaskets and seals manufacturers who offer metallic and non-metallic gaskets and seals to end-users such as automotive, industrial machinery, and end electronics sector. Many established gaskets and seal manufacturers are vying for their share of the market, and the new players must differentiate themselves to gain vital traction over their peers. By offering a complete analysis of the market's competitive landscape and with information on the products offered by critical companies, this gasket and seals industry in the US analysis report will allow the clients to identify new growth opportunities and design innovative strategies for improving their share in the market.
The report offers a complete analysis of various gaskets and seals manufacturers including:
Gasket and seals market in the US segmentation based on product type
Metallic gaskets and seals
Non-metallic gaskets and seals
With a complete study of the growth opportunities for the gaskets and seal manufacturers, metallic gaskets and seals product type will account for the largest share of this market throughout the forecast period. The growing use of metallic gaskets and seals in medium and high-pressure applications is one of the key reasons behind the dominance of this product type in the gasket and seals market in the US.
Gasket and seals market in the US segmentation based on the end-user type
The automotive end-user type will account for the largest share in the gaskets and seals market in the US. Additionally, the report also provides an accurate prediction of the contribution of the various end-user types to the growth of the size of the gaskets and seals market in the US.
Key highlights of the gasket and seals market in the US for the forecast years 2019-2023:
CAGR of the market during the forecast period 2019-2023
Detailed information on factors that will accelerate the growth of the gasket and seals market in the US during the next five years
Precise estimation of the gasket and seals market in the US size and its contribution to the parent market
Accurate predictions on upcoming trends and changes in consumer behavior
The growth of the gasket and seals market in the US across based on product and application type
A thorough analysis of the market's competitive landscape and detailed information on several gaskets and seal manufacturers
Comprehensive details on factors that will challenge the growth of gaskets and seal manufacturers
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