Blow a gasket: A slowdown in the automotive market will constrain growth overall

The Gasket & Seal Manufacturing industry market report contains strategic analysis of the key drivers influencing the industry. Save hours of time on research and prospecting using IBISWorld’s standardized, up-to-date reports on thousands of industries. Our industry research provides growth and profit forecasts for a five-year outlook period, presented in a clear and user-friendly format.


Industry Threats & Opportunities

  • Although industrial and manufacturing activity will increase, a slowdown in the automotive market will constrain growth
  • Operators have acquired companies abroad to take advantage of low-cost manufacturing
  • Overproduction and rising financing costs will lead to less production of new automobiles

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    Industry Analysis & Industry Trends

    Operators in the gasket and seal manufacturing industry manufacture O-rings, oil and grease seals, metallic and non-metallic gaskets, mechanical face seals and molded seals for use in a wide variety of industries. Industry revenue has increased slightly over the five years to 2017 due to stable demand from the industry's main end markets, such as automotive, petrochemical and power-generation industries. An increase in use of additive manufacturing technologies in manufacturing industry products are expected to help operators mitigate uncertain purchase costs. This will also help in keeping profit margins stable for companies in the industry. As a result, IBISWorld forecasts industry revenue to grow at an annualized rate of 0.4% to $7.7 billion over the five years to 2022...

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    Industry Report - Industry Key Buyers Chapter

    The Gasket and Seal Manufacturing industry exhibits a low level of market share concentration, with the four largest operators expected to generate 18.2% of industry revenue in 2017. The industry ranges from large multinational corporations to small regional players, though only one company, Federal Mogul LLC, accounts for over 5.0% of industry revenue. Smaller-scale operators are often able to enter the industry in certain regions where larger players have a more limited presence, as well as through the development of highly specialized products for niche markets. Concentration has remained low during the five-year period, despite some mergers and acquisitions by the largest operators. The..

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    Additional Insights for the Gasket & Seal Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Gasket & Seal Manufacturing Industry are

  • Having links with suppliers
  • Provision of superior after sales service
  • Undertaking technical research and development
  • IBISWorld analysts also discuss how external factors such as Industrial production index and Value of private nonresidential construction in the Gasket & Seal Manufacturing industry impact industry performance..

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    Industry Products

    What is the Gasket & Seal Manufacturing Industry?

    This industry primarily manufactures gaskets, packing and sealing devices of all materials, including molded, metallic and nonmetallic materials. Gaskets are mechanical components used to create seals at the point of connection between two pieces of equipment, while packing and seals are usually ring-shaped components that prohibit or limit the leakage of fluid from a device in a pneumatic or hydraulic system.

    Industry Products
    Nonmetallic gaskets
    Molded packing and seals
    Metallic gaskets
    Rotary seals
    Axial seals
    Compression packing
    Industry Activities
    Manufacturing coaxial mechanical face seals
    Manufacturing gaskets and sealing devices
    Manufacturing oil seals
    Manufacturing grease seals
    Manufacturing compression packings

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Industrial production index
  • Value of private nonresidential construction
  • New car sales
  • Trade-weighted index

  • Current Performance
  • Downstream industries drive demand
  • International trade continues growing
  • Profit and Participation
  • Chart: Revenue Growth

  • Industry Outlook
  • Rising demand
  • Industry globalization
  • Industry landscape
  • Table: Gasket & Seal Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Gasket & Seal Manufacturing Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Copper, Nickel, Lead & Zinc Mining
  • Plastic & Resin Manufacturing
  • Chemical Product Manufacturing
  • Rubber Product Manufacturing

  • Key Selling Industries
  • Aircraft, Engine & Parts Manufacturing
  • Automobile Engine & Parts Manufacturing
  • Construction Machinery Manufacturing
  • Mining, Oil & Gas Machinery Manufacturing
  • Plastics & Rubber Machinery Manufacturing

  • Products & Services
  • Molded packing and seals
  • Nonmetallic gaskets
  • Metallic gaskets
  • Rotary seals
  • Axial seals
  • Compression packing
  • Chart: Gasket & Seal Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • OEM market
  • Exports
  • Other markets
  • MRO market
  • Chart: Major Market Segmentation for the Gasket & Seal Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesOther costs
  • Chart: Cost Structure Benchmarking – Sector vs Gasket & Seal Manufacturing

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Gasket & Seal Manufacturing Industry

  • Industry Globalization
    Major Companies
    Federal-Mogul Holdings LLC
  • Table: Federal-Mogul Holdings LLC - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Gasket & Seal Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Gasket & Seal Manufacturing Industry
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Exports (2008-2022)
  • Imports (2008-2022)
  • Wages (2008-2022)
  • Industrial Production Index (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Axial Seal
  • A seal applied on the top and bottom of a cross section; also known as a face seal.
  • Gasket
  • A shaped piece or ring used to seal the junction between two surfaces
  • O-Ring
  • A circular sealing piece primarily used in static applications
  • Packing
  • A material used to seal a joint or assist in lubricating an axle
  • Rotary Seal
  • A device used to seal rotary elements, such as a shaft or rotating bore; also known as a lip seal
  • Seal
  • A device that is used to join two components
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
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    This report on Gasket & Seal Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Gasket & Seal Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Gasket & Seal Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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