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    Industrial Machinery Seals Market Growth Analysis

    Industrial Machinery Seals Market Growth Analysis
    Report code - SR2090 Published On : Aug,2022 No. of Pages: 120
    Industrial Machinery Seals Market Size, Share, Trend, Forecast, Competitive Analysis, and See more...

    Market Highlights

    The Industrial Machinery Seals Market is expected to grow at a healthy CAGR of 3.8% during the forecast period to reach a value of US$ 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. The selection of seals is dependent on several parameters such as temperature resistance, durability, strength, and kind of application, among others.  The use of 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.

    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 long-term interpretations still seem fruitful with large-scale usage of seals in various equipment, such as hydraulic cylinders, pumps, valves, and machines, among others. The healthy growth of the industrial equipment market is likely to boost the market for seals as well. 

    Segments Analysis

    This report studies the market covering a period of 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 market is segmented into the following categories-

    By Application Type

    • Hydraulic Cylinders 
    • Pumps 
    • Valves 
    • Machines 
    • Others 

    By Product Type

    • O-rings 
    • Gaskets 
    • Energized Seals 
    • Lip Seals 
    • Others 

    By Material Type

    • Elastomeric Seals 
    • Thermoplastic Seals 
    • Metallic Seals 

    By Motion Type

    • Static Seals 
    • Linear Seals 
    • Rotary Seals 

    By Region

    • North America 
    • Europe 
    • Asia-Pacific 
    • Rest of the World 

     By Application Type

    The industrial machinery seals market is segmented as 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.

    By Product Type

    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.

    By Material Type

    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 have the ability to return to their original shape, they are expected to be the market's dominant segment in the coming years as well.

    Regional Analysis

    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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    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 industrial machinery seals market:

    • AB SKF
    • EnPro Industries
    • Flowserve Corporation
    • Freudenberg Group
    • Hutchinson SA
    • James Walker & Co.
    • John Crane (Smiths Group)
    • Nichias Corporation
    • Parker-Hannifin Corporation
    • Trelleborg AB

    Research Methodology

    This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s industrial machinery 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.

    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.

    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 Industrial Machinery 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

    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 industrial machinery seals market is estimated to grow at a healthy CAGR of 3.8% over the next five years to reach a value of US$ 8.4 Billion in 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.

    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.

    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.

    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 segments dominance and increase in demand for energized seals in industrial machinery.