Powersports Seals Market Report
Powersports Seals Market is Segmented by Platform Type (Off-Road Vehicle (ORV), Snowmobile, Personal Watercraft (PWC), and Motorbike), by Material Type (Elastomeric Seals, Thermoplastic Seals, and Metallic Seals), by Product Type (O-rings, Gaskets, Lip Seals, and Others), by Motion Type (Static Seals, Linear Seals, and Rotary Seals) and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
Powersports Seals Market is Segmented by Platform Type (Off-Road Vehicle (ORV), Snowmobile, Personal Watercraft (PWC), and Motorbike), by Material Type (Elastomeric Seals, Thermoplastic Seals, and Metallic Seals), by Product Type...
Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.
Note: The summary below might not have included insights on covid impact since we have large number of reports.
Seals used in Powersports vehicles offer a multitude of advantages including the protection of bearings, leakage prevention, dirt resistance, separation of different fluids from each other, and resistance to oil and fuels. Seals are designed for use in different working conditions of vehicles, such as mines, quarries, construction, and other off-road applications. The selection of sealing material is dependent on several parameters including temperature resistance, lightweight, durability, strength, etc. The selection of the right sealing solutions is of paramount importance, especially when they are selected for engines, wherein high-temperature resistance with excellent corrosion resistance are crucial parameters. Elastomers and thermoplastics are in great demand than that of metals because of their enormous benefits.
Unlike other industries that witnessed a colossal impact of the pandemic on their product demands across the industry, the Powersports industry seems efficacious in managing the crisis and sailing through easily in this trying time. Seals, a product category that represents a fraction of the total powersports industry, reflected a similar pattern in their demands in the year 2020. In the long run, the seals market in the powersports industry is likely to grow at a providential CAGR of 3.9% to reach US$ 0.5 billion by 2026.
Based on the platform type, the powersports seals market is segmented into Off-road vehicles (ORVs), snowmobiles, personal watercraft (PWC), and motorbikes. Despite facing a decline in 2020, motorbike is expected to remain the largest segment, whereas PWC to be the fastest-growing segment of the market during the forecast period. ORVs, another major segment, are also likely to generate a sizeable demand for seals in the years to come.
Based on the material type, the market is segmented into elastomeric seals, thermoplastic seals, and metallic seals. Elastomeric seals are expected to remain the most dominant material type in the market, whereas thermoplastics are to be the fastest-growing material type in the market during the forecast period. Elastomers and thermoplastics are the desirable materials for sealing solutions where there are requirements for high performance, effectiveness, durability, strength, and toughness along with high melting point.
Based on the product type, the market is segmented into O-rings, gaskets, lip seals, and others. Lip seals remain the dominant as well as the fastest-growing product type in the market during the forecast period, owing to their various benefits such as operational reliability, longer service life, and wider usage.
In terms of regions, North America is expected to remain the largest market during the forecast period with the USA being the largest market for the powersports industry. Most of the seals suppliers have their presence in the region to support local customers and OEMs as well as to address their emerging needs.
Asia-Pacific is likely to grow at the fastest rate during the forecast period. China, Australia, and India are the key growth engines of the region. Increasing demand for the powersports vehicles coupled with rising disposable income in the emerging economies is the major factor boosting the demand for seals in the region.
The market for powersports seals is gradually consolidating as the major companies are performing mergers & acquisitions to quickly gain the leading position and to tap growing opportunities in this briskly expanding market. The following are the key players in the powersports seals market.
The development of lightweight powersports seals for critical applications, expansion in untapped and growing markets, and execution of mergers & acquisitions are the key strategies adopted by the major players to gain a competitive edge in the market.
This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s powersports seals market realities and future market possibilities for the forecast period of 2021 to 2026. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.
This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
The powersports seals market is segmented into the following categories.
Powersports Seals Market, by Platform Type
Powersports Seals Market, by Material Type
Powersports Seals Market, by Product Type
Powersports Seals Market, by Motion Type
Powersports Seals Market, by Region
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The Powersports Seals market is estimated to grow at a healthy CAGR of 3.9% by 2026.
AB SKF, Arai Seisakusho Co., Ltd., Freudenberg Group, Parker-Hannifin Corporation, Tenneco Inc., Trelleborg AB, Vanseal Corporation, and WLK Oil Seals are the key players of the powersports seals market.
North America is estimated to remain dominant in the powersports seals market in the foreseen future.
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