Agriculture Equipment Seals Market Report
Agriculture Equipment Seals Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2022-2027 See less
Agriculture Equipment Seals Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2022-2027
Agriculture Equipment Seals Market is Segmented by Application Type (Tractors, Harvesters, Rotavators, Cotton Pickers, and Others), by Product Type (O-rings, Gaskets, Energized Seals, Lip Seals, and Others), by Material Type (Elastomeric Seals, Thermoplastic Seals, and Metallic Seals), by Motion Type (Static Seals, Linear Seals, and Rotary Seals), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
Agriculture Equipment Seals Market is Segmented by Application Type (Tractors, Harvesters, Rotavators, Cotton Pickers, and Others), by Product Type (O-rings, Gaskets, Energized Seals, Lip Seals, and Others), by Material Type ...
Strong and effective sealing is required in agricultural equipment to protect them from contamination by agrochemicals, dirt, water, and aggressive media, as well as to keep the lubricant inside systems. Seals provide agricultural equipment with functional reliability, long service life & maintenance intervals, maximum fuel efficiency, and operation safety. Agriculture equipment seals must be resistant to weather, ozone and UV degradation, friction, and other factors, as well as be able to withstand heat, cold, extremely dry, or humid environments, and be impervious to a variety of agrochemicals. These seals are majorly made of elastomer, thermoplastic, and metals. Elastomer is gaining popularity as a seal material due to its elasticity, viscosity, and resistance to weather, high and low temperatures, friction, and reactive agrochemicals.
The agriculture equipment seals market is growing as a result of rapid advancements in agricultural technologies and global agriculture mechanization. Demand for seals with long service life & maintenance intervals and efficient operation of agricultural equipment are the factors driving the agriculture equipment seals market. Despite several obstacles caused by the pandemic, the agriculture equipment seals market registered a growth of 4.5% in 2020. With factors such as increasing agricultural product demand due to population growth and technological advancements, the agriculture equipment seals market is expected to grow at a modest CAGR of 3.5% during the forecast period to reach a value of US$ 4.8 Billion in 2027.
Based on the application type, the agriculture equipment seals market is segmented as tractors, harvesters, rotavators, cotton pickers, and others. Tractor is expected to remain the largest and fastest-growing segment of the market during the forecast period. The growth of the segment can be attributed to the large-scale production of tractors due to their widespread use in agricultural processes, such as plowing, tilling, and planting, as well as routine lawn care, landscape maintenance, fertilizer spreading, and bush clearance. They are also useful on small farms and in regular lawn and garden maintenance.
Based on the product type, the market is segmented as O-rings, gaskets, energized seals, lip seals, and others. Lip seals are estimated to remain the largest and fastest-growing product type in the market during the forecast period. Lip seals are widely used in wet environments to keep the oil or grease lubricant inside the systems and prevent ingress of water and dirt.
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 preferred material type in the market during the forecast period owing to their resistance to weather, high and low temperatures, friction, and reactive agrochemicals, coupled with their unique elasticity and strength.
In terms of regions, Asia-Pacific is expected to remain the largest and fastest-growing market for agriculture equipment seals during the forecast period owing to the high demand for agricultural equipment with strong economic growth, rapid agricultural mechanization, the rise of the agricultural sector with population growth, and the replacement of conventional methods for higher yield of crops. Furthermore, many global agriculture equipment manufacturers have production plants in the region to meet the market's high demand for agricultural equipment.
The following are the key players in the agriculture equipment seals market.
This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s agriculture 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 1,000 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.a
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 agriculture equipment seals market is segmented into the following categories.
Agriculture Equipment Seals Market, by Application Type
Agriculture Equipment Seals Market, by Product Type
Agriculture Equipment Seals Market, by Material Type
Agriculture Equipment Seals Market, by Motion Type
Agriculture Equipment Seals Market, by Region
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The agriculture equipment seals market is estimated to grow at a modest CAGR of 3.5% over the next five years to reach a value of US$ 4.8 billion in 2027.
Freudenberg Sealing Technologies, Trelleborg Sealing Solutions, AB SKF, Greene Tweed & Co., Parker-Hannifin Corporation, Hutchinson SA, Federal-Mogul Corporation, Dana Inc., Flowserve Corporation, Meccanotecnica Umbra, and SSP Manufacturing Inc. are the leading players in the agriculture equipment seals market.
Asia-Pacific is estimated to remain dominant in the agriculture equipment seals market in the foreseen future. India and China are likely to remain the growth propellors in the region in the foreseeable future.