Power Tool Seals Market Report

Power Tool Seals Market Report

Power Tool Seals Market Report
Report code - SR2085 Published On : Aug,2022 No. of Pages: 130
Power Tool Seals Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opp See more...

Market Insights

"The global power tool seals market is likely to grow at a healthy CAGR of 3.9% in the long run to reach US$ 800 million in 2027."

Power Tool Seals Market Forecast

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Power tools are devices that work using a power source apart from manual labor. These tools come in a variety of shapes and sizes to meet the needs of the customer. Power tools are used in a range of applications such as construction, cutting, gardening, drilling, cleaning, painting, heating, and so on. Drill/driver, jigsaw, rotary tool, cordless screwdriver, and other tools fall into this category. Some power tools are lightweight and can be carried from one location to another, whereas others are heavy and difficult to move.

Power tool seals are leakage control elements, which are found on rotating components, such as pumps and mixers, to prevent liquids and gases from escaping into the surrounding environment. Seals improve tools’ performance and longevity. Seals can be found in places where machine parts are joined. The material chosen is determined by several factors such as temperature resistance, lightweight, durability, strength, and so on.

Power tools are in high demand due to rapid urbanization. Power tools are used in our daily activities, which increases the demand for seals. The COVID-19 pandemic shattered the power tool seal market in 2020, causing major disruption and huge losses for the market stakeholders. The power tool seals market recorded a massive decline of -8.7% in 2020.

Market Segments' Analysis

Application Trends

"The construction power tools segment accounted for both the largest and fastest-growing market share."

Based on the application type, the power tool seals market is segmented as construction power tools, outdoor power equipment, and cleaning tools. Construction power tools are expected to remain the largest and fastest-growing segment of the market during the forecast period. The availability of a wide range of construction tools and increasing construction activities are driving the demand for seals in the construction power tools segment.

Power Tool Seals Market by Application

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Product Trends

"The lip seals segment accounted for both the largest and fastest-growing market share."

Based on the product type, the market is segmented as O-rings, gaskets, lip seals, and others. Lip seals are expected to remain the largest and fastest-growing segment of the market during the forecast period. Their primary function is to prevent dust and dirt from entering the sealed surface. The presence of a large number of applications with rotary surfaces creates demand for lip seals which is driving the growth of the segment.

Material Trends

"The 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 largest segment of the market during the forecast period. Elastomer is a desirable material for high-performance applications owing to its strength, ability to regain its original shape, and toughness along with a high melting point.

Regional Insights

"Asia-Pacific accounted for the largest market share and was also the fastest-growing region."

In terms of regions, the market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. Asia-Pacific is expected to remain the largest and fastest-growing region in the market for power tool seals during the forecast period. Increasing construction spending by key countries and rapid industrialization are creating a huge demand for power tools, resulting in a high demand for power tool seals in the region.

Power Tool Seals Market by Region

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Key Players

A limited number of players manufacture seals for power tools, whereas large global players are offering a wide variety of seals to the power tools market. The following are the key players in the power tool seals market (arranged alphabetically).

  • AB SKF
  • Freudenberg Sealing Technologies
  • Greene Tweed & Co., Inc.
  • James Walker & Co.
  • Precision Polymer Engineering Limited
  • Trelleborg Sealing Solutions

Note: The above list does not necessarily include all the top players in 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 in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for 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 Power Tool 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 requirement?

10% free customization

The power tool seals market is segmented into the following categories:

By Application Type

  • Construction Power Tools (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • Outdoor Power Equipment (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • Cleaning Tools (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

By Product Type

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

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)

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)

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 power tool 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 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

A Bird's Eye View of the Market

The power tool seals market is estimated to grow at a modest CAGR of 3.9% over the next five years to reach a value of US$ 800 million in 2027, owing to increasing penetration of mechanical equipment in construction activities and increased sales of power tools.

AB SKF, Freudenberg Sealing Technologies, Greene Tweed & Co., Inc., James Walker & Co., Precision Polymer Engineering Limited, and Trelleborg Sealing Solutions (arranged alphabetically) are some of the key players in the market. The dominance of key players owing to their global reach with the presence of sales offices and distribution centers.

Asia-Pacific is estimated to remain dominant in the power tool seals market in the foreseen future. Seals are in high demand in the market due to increasing construction activities and growing demand for outdoor power equipment and cleaning tools.

Asia-Pacific is estimated to grow at the fastest rate in the coming five years because of the presence of many developing countries in the region, such as India and China, with high construction spending.

Lip seals are likely to maintain their dominance in the market over the next five years, owing to their superior properties and the presence of a large number of rotary applications.