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Gasket and Seals Market in US 2019-2023| Evolving Opportunities with Dana and ElringKlinger | Technavio

November 14, 2019
Gasket and Seals Market in US 2019-2023| Evolving Opportunities with Dana and ElringKlinger | Technavio
Gasket and Seals Market in US 2019-2023| Evolving Opportunities with Dana and ElringKlinger | Technavio

LONDON--(BUSINESS WIRE)--Nov 14, 2019--

Technavio has been monitoring the gasket and seals market in the US and the market is poised to grow by USD 882.45 million during 2019-2023 at a CAGR of almost 4% during the forecast period. Request Free Sample Pages

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Technavio has announced its latest market research report titled gasket and seals market in US 2019-2023 (Graphic: Business Wire)

Read the 122-page research report with TOC on “Gasket and Seals Market in the US Analysis Report by Product (Metallic gaskets and seals, and Non-metallic gasket and seals), by End-User Segments (Automotive, Industrial machinery, and Electronics), and Segment Forecasts, 2019 - 2023”.

The market is driven by the increasing investments in the US shale industry. In addition, the growing renewable energy sector in the US is anticipated to further boost the growth of the gasket and seals market in the US.

Shale gas producers, especially in the US, are being encouraged to boost production due to the increase in investments by financiers. In addition, oil companies are trying to minimize risk and provide quick returns on investments by spending on short-scale shale projects. This will boost the need for oil extraction machinery to create an efficient pipeline network for transportation of the gas downstream. This in turn will lead to an increase in demand for gasket and seals in pumps, engine parts, and rotating shafts. Thus, the increasing investments in the US shale industry are expected to drive market growth during the forecast period.

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Major Five US Gasket and Seals Market Companies:

Dana

Dana is headquartered in the US and operates business under various business segments such as Light vehicle driveline, Commercial vehicle driveline, Off-highway drive and motion, and Power technologies. The company offers Gaskets such as REINZOFLON E and RGC 210.

ElringKlinger

ElringKlinger is headquartered in Germany and offers products through the following business units: Original equipment, Aftermarket, Engineered plastics, Services, and Industrial parks. The company offers specialty gaskets and cylinder head gaskets.

Flowserve

Flowserve is headquartered in the US and has business operation under various business segments, namely Engineered product division, Industrial product division, and Flow control division. The company offers mixer seals, pusher seals, slurry seals, and gas barrier and containment seals.

SKF

SKF is headquartered in Sweden and offers products through the following business segments: Industrial and Automotive. The company offers two-wheeler sealing solutions, industrial seals, and automotive seals.

Tenneco (Federal-Mogul)

Tenneco (Federal-Mogul) is headquartered in the US and offers products through the following business segments: Clean air and Ride performance. The company offers mechanical face seals, gasket-cold, wellhead service products, dynamic seals, and gasket-hot products.

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US Gasket and Seals Market Product Outlook (Revenue, USD Million, 2019 - 2023)

US Gasket and Seals Market End-User Outlook (Revenue, USD Million, 2019 - 2023)

Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more.Request a free sample report

Related Reports on Industrialsare:

Advanced Fiber-based Gasket Market – Global Advanced Fiber-based Gasket Market by application (chemicals, industrial machinery, electrical and electronics, and other applications) and geography (APAC, Europe, MEA, North America, and South America).

Gasket and Seal Materials Market – Global Gasket and Seal Materials Market by type (rubber, fiber, silicone, graphite, PTFE, and other types), end-user (automotive, industrial machinery, electrical and electronics, oil and gas, chemical, and other end-user industries), and geography (the Americas, APAC, and EMEA).

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

View source version on businesswire.com:https://www.businesswire.com/news/home/20191114005453/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

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UK: +44 203 893 3200

Email:media@technavio.com

Website:https://www.technavio.com

KEYWORD: UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: ENERGY OTHER MANUFACTURING MANUFACTURING OIL/GAS

SOURCE: Technavio Research

Copyright Business Wire 2019.

PUB: 11/14/2019 01:00 PM/DISC: 11/14/2019 01:00 PM

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