Industrial Machinery Seals Market is segmented by Application Type (Hydraulic Cylinders, Pumps, Valves, Machines, 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 [The USA, Canada, and Mexico], Europe [Germany, France, The UK, Russia, and Rest of Europe], Asia-Pacific [Japan, China, India, and Rest of Asia-Pacific], and Rest of the World [Brazil, Saudi Arabia, and Others]).
Industrial Machinery Seals Market is segmented by Application Type...
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.
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 ProductType
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?
Porter’s five forces analysis, PEST analysis, Life cycle analysis
What are the factors affecting the market?
Drivers & challenges
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10% free customization
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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
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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 segment’s dominance and increase in demand for energized seals in industrial machinery.
