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    Powersports Seals Market Report

    Powersports Seals Market Report
    Report code - SR1206 Published On : Oct,2021 No. of Pages: 135
    Powersports Seals Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Op See more...

    Market Highlights

    "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."

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    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.

    Segments' Analysis

    Platform Trends

    "Motorbikes segment accounted for the largest market share."

    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, motorbikes are 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.

    Material Trends

    "Elastomeric seals segment accounted for the largest market share."

    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 a high melting point.

    Product Trends

    "Lip seals segment accounted for the largest market share."

    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.

    Regional Insights

    "North America accounted for the largest market share."

    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 seal 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 emerging economies is the major factor boosting the demand for seals in the region.

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    Key Players

    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.

    • Fruedenberg Group
    • Trelleborg AB
    • Parker-Hannifin Corporation
    • Tenneco Inc.
    • AB SKF
    • Arai Seisakusho Co., Ltd.
    • Vanseal Corporation
    • WLK Oil Seals

    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.

    Note: The above list does not necessarily include all the top players of the market.

    Are you the leading player in this market? We would love to include your name. Write to us at sales@stratviewresearch.com

    Report Features

    This report provides market intelligence most comprehensively. 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.

    What Deliverables Will You Get in this Report?

    Key questions this report answers

    Relevant contents in the report

    How big is the sales opportunity?

    In-depth Analysis of the Powersports Seals Market

    How lucrative is the future?

    Market forecast and trend data and emerging trends

    Which regions offer the best sales opportunities?

    Global, regional, and country-level historical data and forecasts

    Which are the most attractive market segments?

    Market Segment Analysis and Forecast

    Which are the top players and their market positioning?

    Competitive landscape analysis, Market share analysis

    How complex is the business environment?

    Porter’s five forces analysis, PEST analysis, Life cycle analysis

    What are the factors affecting the market?

    Drivers & challenges

    Will I get the information on my specific requirements?

    10% free customization

    The Powersports seals market is segmented into the following categories:

    By Platform Type

    • Off-Road Vehicle (ORV)
    • Snowmobile
    • Personal Watercraft (PWC)
    • Motorbike

    By Material Type

    • Elastomeric Seals
    • Thermoplastic Seals
    • Metallic Seals

    By Product Type

    • O-rings
    • Gaskets
    • Lip Seals
    • Others

    By Motion Type

    • Static Seals
    • Linear Seals
    • Rotary Seals

    By Region

    • North America (Country Analysis: The USA, Canada, and Mexico)
    • Europe (Country Analysis: Germany, France, the UK, Russia, and Rest of Europe)
    • Asia-Pacific (Country Analysis: Japan, China, India, and Rest of Asia-Pacific)
    • Rest of the World (Country Analysis: Brazil, Saudi Arabia, and Others)

    Research Methodology

    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.

    Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to three players)
    • SWOT analysis of key players (up to three players)

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview research offers custom research services across the sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com

    Frequently Asked Questions (FAQs)

    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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