Report Overview
12th Edition
This study analyzes the US market for gaskets and seals. The specific products covered are:
gaskets, segmented into metallic and nonmetallic types (including elastomeric, fiber-based, plastic-based, expanded graphite, cork (which includes cork/rubber composite materials for the purposes of this study), leather, mica, and ceramics)
molded seals and packings, including O-rings, flexible seals, diaphragm seals, and other molded seals and packings
body seals, including those used in motor vehicles, machinery, and aerospace and other transportation equipment
shaft seals, including rotary oil seals and mechanical seals
compression packings
Featuring 31 tables and 31 figures – now available in Excel and Powerpoint! Learn More Gaskets and seals are primarily used as components of durable equipment. The market segments broken out in this study are:
motor vehicles
machinery, including construction and related equipment; general purpose machinery; engines, turbines, and power transmission equipment; heating, ventilation, air conditioning (HVAC), refrigeration, and service equipment; and other equipment such as metalworking and industrial machinery
electrical and electronic products, including:
measuring and controlling equipment such as educational, medical, and scientific instruments; industrial controls; navigation instruments for transportation equipment; air and noise monitoring equipment; leak detection and control instruments; process monitoring; and temperature and pressure gauges (including separately sold aerospace types)
electrical equipment, which is classified as electrical transmission and distribution equipment, electrical industrial apparatus, lighting and wiring equipment, and miscellaneous electrical goods such as batteries and fuel cells (Gaskets and seals used in turbines and power generating equipment are included with engines, turbines, and power transmission equipment.)
computers and electronic equipment such as copy and facsimile machines, audio and visual equipment, and other consumer and communications electronic products, as well as electronic components such as semiconductors, electronic capacitors and resistors, electronic coils, transformers, electronic connectors, bare printed circuit boards, and printed circuit assemblies (electronic assemblies)
appliances, including both major (e.g., dishwashers, ovens, refrigerators, washing machines) and small types, and gaskets and shaft seals utilized in appliance motors
aerospace equipment (military and commercial aircraft, as well as space vehicles)
marine and rail equipment
other markets, including domestic hot water boilers; heat exchangers; plumbing fixtures and fittings; sprinkler systems; steam condensers; transportation equipment such as ATVs, golf carts, motorcycles, tanks and travel trailers; and windows and doors
Historical data (2008, 2013, and 2018) and forecasts for 2023 are provided in current dollars for the market as a whole, as well as for all products and markets listed above.
VIDEO
Demand for gaskets and seals in the US is forecast to increase 3.3% per year through 2023 to $10.3 billion, with sales boosted by ongoing manufacturing gains in a number of durable goods industries.
However, continued improvements in gasket and seal design will limit long term sales potential as the better performance and longer lifespan of sealing products installed in original equipment restricts aftermarket opportunities.
Key Findings in the Gaskets & Seals Study:
Key Product Trends Through 2023 Molded seals and packings are expected to post the strongest advances in demand through 2023, with particularly favorable prospects in machinery and processing equipment, where these products are critical components in hydraulic and other fluid power systems.
Advances in body seals will be hampered by slow growth in the motor vehicle market. However, demand for body seals installed in other transportation equipment, such as aerospace, marine, and rail equipment, will be boosted by strong expected increases in equipment production.
Nonmetallic gaskets will also register below average gains through 2023. Demand will be restrained by ongoing competition with other sealing products, especially metallic gaskets, and the limited performance capabilities of some products included in this segment.
Key Market Trends Through 2023 Although they will remain the largest market segment for gaskets and seals, motor vehicles will register the slowest advances. An expected decline in automobile production will offset advances in heavy truck and bus shipments.
Marine and rail equipment are expected to post the fastest gains of any market segment, though they will remain a small market for gaskets and seals. US production of this equipment is expected to be particularly strong through 2023, bolstering demand for necessary components.
Strong expected output gains for aerospace equipment and machinery, such as off-road equipment (for the agriculture, construction, forestry, and mining industries) and engines, turbines, and power transmission equipment will contribute to above average gasket and seal sales. This is due to the fact that this equipment typically uses a significant quantity of gaskets and seals, and most sealing products used are of higher quality to ensure that the equipment functions properly.
Study Coverage
This Freedonia industry study analyzes the $8.8 billion US gasket and seal market. It presents historical demand data (2008, 2013, and 2018) and forecasts for 2023 by product (conventional metallic gaskets, machined metallic seals, elastomeric gaskets, advanced fiber gaskets, plastic-based gaskets, expanded graphite gaskets, conventional fiber gaskets, molded seals and packings, body seals, shaft seals, and compression packings) and market (motor vehicles; construction and related machinery; general purpose machinery; engine, turbine, and power transmission equipment; HVAC, refrigeration, and service equipment; measuring and control instruments; electrical equipment; computers and electronics; appliances; aerospace equipment; marine and rail equipment). The study also evaluates company market share and analyzes industry competitors including Dana, EnPro Industries, Federal Mogul, Freudenberg, Henniges Automotive, John Crane, Parker Hannifin, and SKF.