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    Construction Equipment Seals Market Report

    Construction Equipment Seals Market Report
    Report code - SR2035 Published On : Jul,2022 No. of Pages: 0
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    Construction Equipment Seals Market Size, Share, Trend, Forecast, Competitive Analysis, an See more...

    Market Highlights

    Construction equipment seals are small components used to join two or more surfaces together to prevent leakage of oil or water used by the equipment. One of the important roles of seals is to prevent environmental contamination, as they stop unwanted particles from entering; and also help in maintaining pressure.  The effectiveness of a seal is determined by a property known as adherence. High-powered equipment requires specific components to maintain a consistent level of work performance, and seals play an important role in this.

    Seals are the major components used in different engine sections where high-temperature resistance and excellent corrosion resistance are critical. Seals also serve to contain pressure, maintain vacuums, and prevent unwanted particles from accumulating in hydraulic applications. The selection of material is dependent on several parameters such as temperature resistance, lightweight, durability, and strength. Thermoplastics are gaining traction in the market, driven by their significant advantages over other materials.

    The construction equipment market was hit by the COVID-19 pandemic in 2020, causing consequential disruption and significant losses for the stakeholders. The construction equipment seals market followed suit and logged a massive decline of -14.7% in 2020, creating a lag of four to five years in the market. However, the long-term outlook still seems rewarding, owing to a rebound in the construction industry and increasing government investments in building & infrastructure. The construction equipment seals market is expected to grow at a healthy CAGR of 3.8% during the forecast period to reach a value of US$ 4.5 Billion in 2027.

    Market Segments' Analysis

    Based on the application type, the construction equipment seals market is segmented as excavators, cranes, construction logistic vehicles, dozers, tunneling & boring equipment, and others. Excavator is expected to remain the largest, whereas cranes to be the fastest-growing segment of the market during the forecast period. Excavators are heavy earth-moving equipment with a bucket, arm, rotating cab, and tracks. They have a lot of static and dynamic parts, including many different kinds of seals.

    Based on the product type, the market is segmented as O-rings, gaskets, energized seals, lip seals, mechanical seals, and others. Energized seals are expected to remain the most dominant seal type, whereas lip seals to be the fastest-growing product type in the market during the forecast period. Energized seals serve the same purpose as traditional O-rings. In addition, they also provide a higher level of leak protection than O-rings. Because of the abundance of hydraulic/linear applications (cylinders, valves, unions, and transmissions), there is a high demand for energized seals in construction equipment.

    Based on the material type, the market is segmented into elastomeric seals, thermoplastic seals, and metallic seals. Thermoplastic seals are expected to be the fastest-growing segment of the market during the forecast period. Because of their superior properties such as strength, stiffness, and toughness, they are the most desirable material for high-performance applications.

    In terms of regions, North America is expected to remain the biggest market, whereas Asia-Pacific is the fastest-growing market during the forecast period. Most seals suppliers have their presence in the USA to address the emergent needs of OEMs (Caterpillar Inc., Komatsu Ltd., and John Deere). The massive production of construction equipment by global players in the North American region creates a huge demand for seals at the OE level, whereas the Asia-Pacific region's rapid growth is due to the substantial demand for seals at the aftermarket level.

    Key Players

    The presence of a large number of players serving the industry, owing to a well-established supply chain and moderate technological requirements. The following are the key players in the construction equipment seals market (arranged alphabetically).

    • AB SKF
    • ElastoProxy Inc.
    • EnPro Industries
    • Freudenberg Group
    • Greene Tweed & Co., Inc.
    • Hutchinson SA
    • James Walker & Co.
    • NAK Sealing Technologies
    • SSP Manufacturing Inc.
    • Trelleborg AB

    Research Methodology

    This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s construction equipment seals market realities and future market possibilities for the forecast period of 2022 to 2027. 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.

    Report Features

    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:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis.
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
    • Market trend and forecast analysis.
    • Market segment trend and forecast.
    • Competitive landscape and dynamics: Market share, Product portfolio, New Product Launches, etc.
    • Attractive market segments and associated growth opportunities.
    • Emerging trends.
    • Strategic growth opportunities for the existing and new players.
    • Key success factors.

    The construction equipment seals market is segmented into the following categories. 

    Construction Equipment Seals Market, by Application Type

    • Excavators (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Cranes (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Construction Logistic Vehicles (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Dozers (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Tunneling & Boring Equipment (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Construction Equipment Seals Market, by Product Type

    • O-rings (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Gaskets (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Energized Seals (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Lip Seals (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Mechanical Seals (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Construction Equipment Seals Market, by Material Type

    • Elastomeric Seals (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Thermoplastic Seals (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Metallic Seals (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Construction Equipment Seals Market, by Motion Type

    • Static Seals (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Linear Seals (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Rotary Seals (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Construction Equipment Seals Market, 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)

    Report 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

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