NEW YORK, Nov. 2, 2022 /PRNewswire/ -- The Global Hydraulic Seals Market share is set to increase by USD 1305.25 million from 2022 to 2027. Moreover, the market's growth momentum will accelerate at a CAGR of 5.51% as per the latest market forecast report by Technavio. The market will also record a 5.21% Y-O-Y growth rate during the forecast period.
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Technavio categorizes the global hydraulic seals market as a part of the global industrial machinery market. The parent market, the global industrial machinery market, covers companies engaged in manufacturing industrial machinery and components covering presses, machine tools, compressors, pollution control equipment, elevators, escalators, insulators, pumps, roller bearings, and other metal fabrications. Technavio calculates the size of this market based on the combined revenue generated by the manufacturers of machinery and components used in the industrial environment.
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The Global Hydraulic Seals Market is fragmented, and the five forces analysis by Technavio gives an accurate vision –
- Bargaining Power of Buyers
- The threat of New Entrants
- Threat of Rivalry
- Bargaining Power of Suppliers
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- The disruption threats are strategic in nature, and operational risks for suppliers have been mapped based on their negative business impact and probability of occurrence.
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Technavio's market research report entails detailed information on regional opportunities in store for vendors, which will assist in generating sales revenues. The Global Hydraulic Seals Market as per geography is categorized into North America, Europe, APAC, South America, and the Middle East and Africa. The report provides an accurate prediction of the contribution of all regions to the growth of the Global Hydraulic Seals Market size and actionable market understandings.
- APAC is the fastest-growing region in the global hydraulic seals market compared to other regions. 42% growth will originate from APAC. APAC has low-cost labor and high manufacturing efficiency. The growth of the heavy industry in APAC is driven by rising construction and engineering activities.
- The Global Hydraulic Seals Market as per product type segmentation is categorized into Rod Seals, Piston Seals, Wiper Seals, and Others.
- Revenue Generating Segment - The rod seals segment will be a significant contributor to market growth during the forecast period. Rod seals act as pressure barriers and maintains the operating fluid inside the cylinder. They help in regulating the fluid that can extend with the surface of the piston rod. Rod seals are used externally for cylinder heads and to prevent fluid leakage. Such factors are expected to drive the growth of this segment during the forecast period.
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- Innovative features and user interfaces are driving the market growth.
- Hydraulic seals provide leakage protection and control.
- Vendors are designing hydraulic seals by using high-quality materials for handling heavy-duty operations. Hydraulic seals are a solution for specific applications and can help reduce operating costs. Such factors are expected to drive the growth of the segment during the forecast period.
- Developments in renewable energy projects worldwide are a trend in the market.
- There has been a significant shift from the use of fossil fuels to renewable energy sources.
- Many countries are investing in renewable energy sources to meet the rising demand for power.
- Processes and equipment used for harnessing energy from alternative sources should be highly efficient. They should have the capability to withstand high temperature and pressure conditions.
- These factors have increased the demand for hydraulic seals, which will support the growth of the market during the forecast period.
- The use of adhesives and sealants instead of hydraulic seals may challenge the hydraulic seals market growth.
- The use of adhesives and sealants is increasing rapidly across the world, which will pose a threat to the market.
- Some end-users prefer using sealants and adhesives, and new advances have made them highly efficient in binding.
- They act as major substitutes for hydraulic seals, which, in turn, will negatively impact market growth during the forecast period.
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Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio's in-depth research has direct and indirect COVID-19-impacted market research reports.
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- CAGR of the market during the forecast period 2023-2027
- Detailed information on factors that will assist hydraulic seals market growth during the next five years
- Estimation of the hydraulic seals market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the hydraulic seals market
- Analysis of the market's competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of hydraulic seals market vendors
- The hydraulic pumps market share is expected to increase by USD 3.53 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 5.59%. This report extensively covers segmentation by end-user (construction, mining, and material handling, oil and gas, agriculture, and others) and geography (APAC, North America, Europe, Middle East and Africa, and South America).
- The hydraulic elevators market share is expected to increase by USD 620.9 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 1.41%. This report extensively covers segmentation by type (hole-less hydraulic elevators, holed hydraulic elevators, and roped hydraulic elevators) and geography (APAC, Europe, North America, Middle East and Africa, and South America).
Hydraulic Seals Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2022 |
Historical year |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.51% |
Market growth 2023-2027 |
USD 1305.25 million |
Market structure |
Fragmented |
YoY growth (%) |
5.21 |
Regional analysis |
APAC, North America, Europe, the Middle East and Africa, and South America |
Performing market contribution |
APAC at 42% |
Key consumer countries |
US, China, Japan, India, and Germany |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Key companies profiled |
A.W. Chesterton Co., AB SKF, All Seals Inc., DingZing Advanced Materials Inc., Freudenberg SE, Garlock Sealing Technologies LLC, Greene Tweed & Co., Hallite Seals International Ltd., Hutchinson SA, Industrial Quick Search Inc., James Walker Group Ltd., Kastas Sealing Technology, Max Spare Ltd., MAXX Hydraulics LLC, NOK Corp., PARKER HANNIFIN CORP., SealTeam Australia, Spareage Sealing Solutions, Trelleborg AB, and Unitech Products. |
Market dynamics |
Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Product Type
- Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
- Exhibit 07: Executive Summary – Chart on Incremental Growth
- Exhibit 08: Executive Summary – Data Table on Incremental Growth
- Exhibit 09: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 10: Parent market
- Exhibit 11: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 12: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 13: Market segments
- 3.3 Market size 2022
- 3.4 Market outlook: Forecast for 2022-2027
- Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
- Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
- Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
- Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)
4 Five Forces Analysis
- 4.1 Five forces summary
- Exhibit 18: Five forces analysis - Comparison between 2022 and 2027
- 4.2 Bargaining power of buyers
- Exhibit 19: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
- 4.3 Bargaining power of suppliers
- Exhibit 20: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
- 4.4 Threat of new entrants
- Exhibit 21: Threat of new entrants – Impact of key factors in 2022 and 2027
- 4.5 Threat of substitutes
- Exhibit 22: Threat of substitutes – Impact of key factors in 2022 and 2027
- 4.6 Threat of rivalry
- Exhibit 23: Threat of rivalry – Impact of key factors in 2022 and 2027
- 4.7 Market condition
- Exhibit 24: Chart on Market condition - Five forces 2022 and 2027
5 Market Segmentation by Product Type
- 5.1 Market segments
- Exhibit 25: Chart on Product Type - Market share 2022-2027 (%)
- Exhibit 26: Data Table on Product Type - Market share 2022-2027 (%)
- 5.2 Comparison by Product Type
- Exhibit 27: Chart on Comparison by Product Type
- Exhibit 28: Data Table on Comparison by Product Type
- 5.3 Rod seals - Market size and forecast 2022-2027
- Exhibit 29: Chart on Rod seals - Market size and forecast 2022-2027 ($ million)
- Exhibit 30: Data Table on Rod seals - Market size and forecast 2022-2027 ($ million)
- Exhibit 31: Chart on Rod seals - Year-over-year growth 2022-2027 (%)
- Exhibit 32: Data Table on Rod seals - Year-over-year growth 2022-2027 (%)
- 5.4 Piston seals - Market size and forecast 2022-2027
- Exhibit 33: Chart on Piston seals - Market size and forecast 2022-2027 ($ million)
- Exhibit 34: Data Table on Piston seals - Market size and forecast 2022-2027 ($ million)
- Exhibit 35: Chart on Piston seals - Year-over-year growth 2022-2027 (%)
- Exhibit 36: Data Table on Piston seals - Year-over-year growth 2022-2027 (%)
- 5.5 Wiper seals - Market size and forecast 2022-2027
- Exhibit 37: Chart on Wiper seals - Market size and forecast 2022-2027 ($ million)
- Exhibit 38: Data Table on Wiper seals - Market size and forecast 2022-2027 ($ million)
- Exhibit 39: Chart on Wiper seals - Year-over-year growth 2022-2027 (%)
- Exhibit 40: Data Table on Wiper seals - Year-over-year growth 2022-2027 (%)
- 5.6 Others - Market size and forecast 2022-2027
- Exhibit 41: Chart on Others - Market size and forecast 2022-2027 ($ million)
- Exhibit 42: Data Table on Others - Market size and forecast 2022-2027 ($ million)
- Exhibit 43: Chart on Others - Year-over-year growth 2022-2027 (%)
- Exhibit 44: Data Table on Others - Year-over-year growth 2022-2027 (%)
- 5.7 Market opportunity by Product Type
- Exhibit 45: Market opportunity by Product Type ($ million)
6 Market Segmentation by End-user
- 6.1 Market segments
- Exhibit 46: Chart on End-user - Market share 2022-2027 (%)
- Exhibit 47: Data Table on End-user - Market share 2022-2027 (%)
- 6.2 Comparison by End-user
- Exhibit 48: Chart on Comparison by End-user
- Exhibit 49: Data Table on Comparison by End-user
- 6.3 Automotive and aerospace - Market size and forecast 2022-2027
- Exhibit 50: Chart on Automotive and aerospace - Market size and forecast 2022-2027 ($ million)
- Exhibit 51: Data Table on Automotive and aerospace - Market size and forecast 2022-2027 ($ million)
- Exhibit 52: Chart on Automotive and aerospace - Year-over-year growth 2022-2027 (%)
- Exhibit 53: Data Table on Automotive and aerospace - Year-over-year growth 2022-2027 (%)
- 6.4 Heavy industry - Market size and forecast 2022-2027
- Exhibit 54: Chart on Heavy industry - Market size and forecast 2022-2027 ($ million)
- Exhibit 55: Data Table on Heavy industry - Market size and forecast 2022-2027 ($ million)
- Exhibit 56: Chart on Heavy industry - Year-over-year growth 2022-2027 (%)
- Exhibit 57: Data Table on Heavy industry - Year-over-year growth 2022-2027 (%)
- 6.5 Others - Market size and forecast 2022-2027
- Exhibit 58: Chart on Others - Market size and forecast 2022-2027 ($ million)
- Exhibit 59: Data Table on Others - Market size and forecast 2022-2027 ($ million)
- Exhibit 60: Chart on Others - Year-over-year growth 2022-2027 (%)
- Exhibit 61: Data Table on Others - Year-over-year growth 2022-2027 (%)
- 6.6 Market opportunity by End-user
- Exhibit 62: Market opportunity by End-user ($ million)
7 Customer Landscape
- 7.1 Customer landscape overview
- Exhibit 63: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
8 Geographic Landscape
- 8.1 Geographic segmentation
- Exhibit 64: Chart on Market share by geography 2022-2027 (%)
- Exhibit 65: Data Table on Market share by geography 2022-2027 (%)
- 8.2 Geographic comparison
- Exhibit 66: Chart on Geographic comparison
- Exhibit 67: Data Table on Geographic comparison
- 8.3 APAC - Market size and forecast 2022-2027
- Exhibit 68: Chart on APAC - Market size and forecast 2022-2027 ($ million)
- Exhibit 69: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
- Exhibit 70: Chart on APAC - Year-over-year growth 2022-2027 (%)
- Exhibit 71: Data Table on APAC - Year-over-year growth 2022-2027 (%)
- 8.4 North America - Market size and forecast 2022-2027
- Exhibit 72: Chart on North America - Market size and forecast 2022-2027 ($ million)
- Exhibit 73: Data Table on North America - Market size and forecast 2022-2027 ($ million)
- Exhibit 74: Chart on North America - Year-over-year growth 2022-2027 (%)
- Exhibit 75: Data Table on North America - Year-over-year growth 2022-2027 (%)
- 8.5 Europe - Market size and forecast 2022-2027
- Exhibit 76: Chart on Europe - Market size and forecast 2022-2027 ($ million)
- Exhibit 77: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
- Exhibit 78: Chart on Europe - Year-over-year growth 2022-2027 (%)
- Exhibit 79: Data Table on Europe - Year-over-year growth 2022-2027 (%)
- 8.6 Middle East and Africa - Market size and forecast 2022-2027
- Exhibit 80: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
- Exhibit 81: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
- Exhibit 82: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
- Exhibit 83: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
- 8.7 South America - Market size and forecast 2022-2027
- Exhibit 84: Chart on South America - Market size and forecast 2022-2027 ($ million)
- Exhibit 85: Data Table on South America - Market size and forecast 2022-2027 ($ million)
- Exhibit 86: Chart on South America - Year-over-year growth 2022-2027 (%)
- Exhibit 87: Data Table on South America - Year-over-year growth 2022-2027 (%)
- 8.8 US - Market size and forecast 2022-2027
- Exhibit 88: Chart on US - Market size and forecast 2022-2027 ($ million)
- Exhibit 89: Data Table on US - Market size and forecast 2022-2027 ($ million)
- Exhibit 90: Chart on US - Year-over-year growth 2022-2027 (%)
- Exhibit 91: Data Table on US - Year-over-year growth 2022-2027 (%)
- 8.9 China - Market size and forecast 2022-2027
- Exhibit 92: Chart on China - Market size and forecast 2022-2027 ($ million)
- Exhibit 93: Data Table on China - Market size and forecast 2022-2027 ($ million)
- Exhibit 94: Chart on China - Year-over-year growth 2022-2027 (%)
- Exhibit 95: Data Table on China - Year-over-year growth 2022-2027 (%)
- 8.10 Japan - Market size and forecast 2022-2027
- Exhibit 96: Chart on Japan - Market size and forecast 2022-2027 ($ million)
- Exhibit 97: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
- Exhibit 98: Chart on Japan - Year-over-year growth 2022-2027 (%)
- Exhibit 99: Data Table on Japan - Year-over-year growth 2022-2027 (%)
- 8.11 India - Market size and forecast 2022-2027
- Exhibit 100: Chart on India - Market size and forecast 2022-2027 ($ million)
- Exhibit 101: Data Table on India - Market size and forecast 2022-2027 ($ million)
- Exhibit 102: Chart on India - Year-over-year growth 2022-2027 (%)
- Exhibit 103: Data Table on India - Year-over-year growth 2022-2027 (%)
- 8.12 Germany - Market size and forecast 2022-2027
- Exhibit 104: Chart on Germany - Market size and forecast 2022-2027 ($ million)
- Exhibit 105: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
- Exhibit 106: Chart on Germany - Year-over-year growth 2022-2027 (%)
- Exhibit 107: Data Table on Germany - Year-over-year growth 2022-2027 (%)
- 8.13 Market opportunity by geography
- Exhibit 108: Market opportunity by geography ($ million)
9 Drivers, Challenges, and Trends
- 9.1 Market drivers
- 9.2 Market challenges
- 9.3 Impact of drivers and challenges
- Exhibit 109: Impact of drivers and challenges in 2022 and 2027
- 9.4 Market trends
10 Vendor Landscape
- 10.1 Overview
- 10.2 Vendor landscape
- Exhibit 110: Overview on Criticality of inputs and Factors of differentiation
- 10.3 Landscape disruption
- Exhibit 111: Overview on factors of disruption
- 10.4 Industry risks
- Exhibit 112: Impact of key risks on business
11 Vendor Analysis
- 11.1 Vendors covered
- Exhibit 113: Vendors covered
- 11.2 Market positioning of vendors
- Exhibit 114: Matrix on vendor position and classification
- 11.3 A.W. Chesterton Co.
- Exhibit 115: A.W. Chesterton Co. - Overview
- Exhibit 116: A.W. Chesterton Co. - Product / Service
- Exhibit 117: A.W. Chesterton Co. - Key offerings
- 11.4 AB SKF
- Exhibit 118: AB SKF - Overview
- Exhibit 119: AB SKF - Business segments
- Exhibit 120: AB SKF - Key news
- Exhibit 121: AB SKF - Key offerings
- Exhibit 122: AB SKF - Segment focus
- 11.5 All Seals Inc.
- Exhibit 123: All Seals Inc. - Overview
- Exhibit 124: All Seals Inc. - Product / Service
- Exhibit 125: All Seals Inc. - Key offerings
- 11.6 Freudenberg SE
- Exhibit 126: Freudenberg SE - Overview
- Exhibit 127: Freudenberg SE - Business segments
- Exhibit 128: Freudenberg SE - Key news
- Exhibit 129: Freudenberg SE - Key offerings
- Exhibit 130: Freudenberg SE - Segment focus
- 11.7 Garlock Sealing Technologies LLC
- Exhibit 131: Garlock Sealing Technologies LLC - Overview
- Exhibit 132: Garlock Sealing Technologies LLC - Product / Service
- Exhibit 133: Garlock Sealing Technologies LLC - Key offerings
- 11.8 Greene Tweed and Co.
- Exhibit 134: Greene Tweed and Co. - Overview
- Exhibit 135: Greene Tweed and Co. - Product / Service
- Exhibit 136: Greene Tweed and Co. - Key offerings
- 11.9 Hallite Seals International Ltd.
- Exhibit 137: Hallite Seals International Ltd. - Overview
- Exhibit 138: Hallite Seals International Ltd. - Product / Service
- Exhibit 139: Hallite Seals International Ltd. - Key offerings
- 11.10 Industrial Quick Search Inc.
- Exhibit 140: Industrial Quick Search Inc. - Overview
- Exhibit 141: Industrial Quick Search Inc. - Product / Service
- Exhibit 142: Industrial Quick Search Inc. - Key offerings
- 11.11 James Walker Group Ltd.
- Exhibit 143: James Walker Group Ltd. - Overview
- Exhibit 144: James Walker Group Ltd. - Product / Service
- Exhibit 145: James Walker Group Ltd. - Key offerings
- 11.12 Kastas Sealing Technology
- Exhibit 146: Kastas Sealing Technology - Overview
- Exhibit 147: Kastas Sealing Technology - Product / Service
- Exhibit 148: Kastas Sealing Technology - Key offerings
- 11.13 NOK Corp.
- Exhibit 149: NOK Corp. - Overview
- Exhibit 150: NOK Corp. - Business segments
- Exhibit 151: NOK Corp. - Key offerings
- Exhibit 152: NOK Corp. - Segment focus
- 11.14 PARKER HANNIFIN CORP.
- Exhibit 153: PARKER HANNIFIN CORP. - Overview
- Exhibit 154: PARKER HANNIFIN CORP. - Business segments
- Exhibit 155: PARKER HANNIFIN CORP. - Key offerings
- Exhibit 156: PARKER HANNIFIN CORP. - Segment focus
- 11.15 SealTeam Australia
- Exhibit 157: SealTeam Australia - Overview
- Exhibit 158: SealTeam Australia - Product / Service
- Exhibit 159: SealTeam Australia - Key offerings
- 11.16 Trelleborg AB
- Exhibit 160: Trelleborg AB - Overview
- Exhibit 161: Trelleborg AB - Business segments
- Exhibit 162: Trelleborg AB - Key news
- Exhibit 163: Trelleborg AB - Key offerings
- Exhibit 164: Trelleborg AB - Segment focus
- 11.17 Unitech Products
- Exhibit 165: Unitech Products - Overview
- Exhibit 166: Unitech Products - Product / Service
- Exhibit 167: Unitech Products - Key offerings
12 Appendix
- 12.1 Scope of the report
- 12.2 Inclusions and exclusions checklist
- Exhibit 168: Inclusions checklist
- Exhibit 169: Exclusions checklist
- 12.3 Currency conversion rates for US$
- Exhibit 170: Currency conversion rates for US$
- 12.4 Research methodology
- Exhibit 171: Research methodology
- Exhibit 172: Validation techniques employed for market sizing
- Exhibit 173: Information sources
- 12.5 List of abbreviations
- Exhibit 174: List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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SOURCE Technavio
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