Gaskets & Seals Industry Research 2024: Global Market to Surpass $125 Billion by 2029, Driven by Demand for EVs, Innovative Designs for Manufacturing and 3D Printing utilisation [Yahoo! Fi...
INNOVATIVE DESIGNS INC (IVDN)
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Source: Yahoo! Finance
The global gaskets and seals market is expected to reach a value of $100.72 billion by 2029 from $72.03 billion in 2023, growing at a CAGR of 5.75% The global gaskets and seals market report contains exclusive data on 40 vendors. The market's competitive landscape is fragmented, characterized by several major players and numerous regional and local manufacturers. A few major players dominate the market in terms of market share. Some companies currently dominating the market are Dana, Datwyler, Dechengwang, ElringKlinger, Flowserve, Freudenberg Sealing Technology, SKF, Smiths Group, Tenneco, and Trelleborg. Key strategies include product innovation, mergers and acquisitions, and partnerships to enhance market presence, expand geographical reach, and collaborate with OEMs and other industry stakeholders to develop integrated solutions and improve market reach. The APAC region dominates with the largest global gaskets and seals market share. The region's abundant raw materials and
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