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Industrial Machinery Seals Market Analysis | 2022-2027
Industrial Machinery Seals Market Size, Share, Trends, Dynamics, Forecast, & Growth Analysis: 2022-2027
The industrial machinery seals market is likely to grow at a CAGR of 3.8% during 2022-2027 to reach USD 8.4 billion in 2027.
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Seals play an important role in pressure retention, lubrication, and preventing essential substances from leaking into the environment. Sealing selection depends on several parameters such as temperature resistance, durability, strength, and kind of application, among others. Appropriate seals will result in increased productivity and better machinery efficiency.
Industries require machines that can work continuously for hours, which is why manufacturers use tough and highly efficient seals. Because of their numerous advantages over other materials, elastomers, and thermoplastics are the major materials used by manufacturers.
The long-term interpretations still seem fruitful, given the large-scale usage of seals in various equipment, such as hydraulic cylinders, pumps, valves, and machines. The healthy growth of the industrial equipment market is likely to boost the market for seals as well.
Rapid industrialization has ushered in a huge need for industrial equipment, creating a high demand for industrial machinery seals. The COVID-19 pandemic frazzled the market for industrial machinery seals in 2020, causing major disruption and significant losses for the shareholders. The industrial machinery seals market recorded a massive decline of nearly 18% in 2020.
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 industrial machinery seals market:
Note: The above list does not necessarily include all the top players in the market.
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Segmentations |
List of Sub-Segments |
Dominant and Fastest-Growing Segments |
|
Application-Type Analysis |
Hydraulic Cylinders, Pumps, Valves, Machines, and Others |
Hydraulic cylinders are expected to remain the largest segment of the market during the forecast period. |
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Product-Type Analysis
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O-Rings, Gaskets, Energized Seals, Lip Seals, and Others |
Energized seals are expected to remain the largest and fastest-growing segment of the market during the forecast period. |
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Material-Type Analysis |
Elastomeric Seals, Thermoplastic Seals, and Metallic Seals |
Elastomeric seals will lead the market during the forecast period. |
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Regional Analysis |
North America, Europe, Asia-Pacific, and Rest of the World |
Asia-Pacific is expected to remain the largest and fastest-growing region in the market during the forecast period. |
“Hydraulic cylinders will dominate, while machines will be the fastest-growing market segment during the forecast period”.
The industrial machinery seals market is segmented into hydraulic cylinders, pumps, valves, machines, and others. Hydraulic cylinders are expected to remain the largest, whereas machines are expected to be the fastest-growing segment of the market during the forecast period.
The growth of the hydraulic cylinders segment is driven by their widespread usage in a range of applications, particularly automotive manufacturing, manufacturing machinery, and civil engineering, among others.
“Energized seals are expected to remain the largest and fastest-growing segment of the market during the forecast period”.
The market is segmented into O-rings, gaskets, energized seals, lip seals, and others. Energized seals are expected to remain the largest and fastest-growing segment of the market during the forecast period. Energized seals are used in extreme operating conditions where standard seals fail to perform; this is one of the key factors driving the segment’s dominance and increase in demand for energized seals in industrial machinery.
“Elastomeric seals will lead, while thermoplastic seals will be the fastest-growing segment during the forecast period”.
The market is segmented into elastomeric seals, thermoplastic seals, and metallic seals. Elastomeric seals are expected to remain the largest, whereas thermoplastic seals are expected to be the fastest-growing segment of the market during the forecast period.
Elastomeric seals and thermoplastic seals prevent and control liquid leakage. They do not melt due to their chemical composition and are preferred for their high efficiency. Because elastomeric seals can return to their original shape, they are expected to be the market's dominant segment in the coming years as well.
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“Asia-Pacific is expected to remain the largest and fastest-growing region in the market during the forecast period”.
In terms of regions, Asia-Pacific is expected to remain the largest and fastest-growing region in the market for industrial machinery seals during the forecast period.
The region's massive industrial production and dominant market for pumps, valves, and hydraulic cylinders are the key factors for Asia-Pacific's dominance. Furthermore, the shift of manufacturing hubs from Western countries to China and India is likely to boost the region's market even more.
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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. The following are the key features of the report:
This report studies the market covering 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.
The industrial machinery seals market is segmented into the following categories:
By Application Type
By Product Type
By Material Type
By Motion Type
By Region
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Company Profiling
Competitive Benchmarking
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Seals play an important role in pressure retention, lubrication, and preventing essential substances from leaking into the environment. Sealing selection depends on several parameters such as temperature resistance, durability, strength, and kind of application, among others. Appropriate seals will result in increased productivity and better machinery efficiency.
The industrial machinery seals market is likely to reach USD 8.4 billion in 2027.
The industrial machinery seals market is likely to grow at a CAGR of 3.8% during 2022-2027.
AB SKF, EnPro Industries, Flowserve Corporation, Freudenberg Group, Hutchinson SA, James Walker & Co., John Crane (Smiths Group), Nichias Corporation, Parker-Hannifin Corporation, and Trelleborg AB are some of the key players in the market. Their wide global reach, with the presence of sales offices and manufacturing facilities in most of the regions, is one of the major factors behind their dominance.
Energized seals are likely to maintain their dominance in the market over the next five years. Energized seals are used in extreme operating conditions where standard seals fail to perform; this is one of the key factors driving the segment’s dominance and increase in demand for energized seals in industrial machinery.
Asia-Pacific is estimated to grow at the fastest rate in the coming five years. A shift of manufacturing hubs from Western countries to China and India is likely to boost the region's market, creating a huge demand for seals in the market.
Asia-Pacific is estimated to remain dominant in the industrial machinery seals market in the coming years. The region's massive industrial production and dominant market for pumps, valves, and hydraulic cylinders are the key factors for Asia-Pacific's dominance.
The major factors driving the growth of the industrial machinery seals market is the long-term interpretations still seem fruitful, given the large-scale usage of seals in various equipment, such as hydraulic cylinders, pumps, valves, and machines & the healthy growth of the industrial equipment market is likely to boost the market for seals as well.
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