NEW YORK , Nov. 2, 2022 /PRNewswire/ — The global hydraulic seals market share is expected to increase by US$1,305.25 million from 2022 to 2027. Moreover, according to the latest report, the market growth rate will increase to 5.51% at a CAGR of 5.51%, according to Technavio’s market forecast. The market will also record a CAGR of 5.21% during the forecast period.
Technavio classifies the global hydraulic seals market as part of the global industrial equipment market. The parent market, the global industrial equipment market, covers companies engaged in the production of industrial equipment and components, including presses, machine tools, compressors, pollution control equipment, elevators, escalators, insulators, pumps, roller bearings and other metal products. Taste. Technavio calculated the size of this market based on the total revenue generated by manufacturers of equipment and components used in the industry.
The global hydraulic seals market is fragmented and Technavio’s Five Forces Analysis provides an accurate picture:
Disruption threats are strategic in nature, and supplier operational risks are mapped based on their negative business impact and likelihood of occurrence.
The Technavio market research report provides detailed information on regional opportunities faced by vendors that will help generate sales revenue. The global hydraulic seals market is segmented geographically into North America, Europe, Asia-Pacific, South America, and the Middle East and Africa. The report accurately forecasts the contribution of all regions to the growth of the global Hydraulic Seals market size and provides practical insights into the market.
Asia Pacific is the fastest growing region in the global hydraulic seals market compared to other regions. 42% of growth will come from the Asia-Pacific region. The Asia-Pacific region has low labor costs and high production efficiency. The growth of heavy industry in the Asia-Pacific region is driven by growth in construction and engineering activities.
The global hydraulic seals market is segmented by product type into rod seals, piston seals, dust seals, and others.
The revenue generating segment – Rod Seals segment will contribute significantly to the market growth during the forecast period. The rod seal acts as a pressure barrier and keeps the working fluid inside the cylinder. They help regulate the flow of fluid that can follow the surface of the piston rod. Rod seals are used on the outside of the cylinder head and prevent fluid leakage. These factors are expected to drive growth of this segment over the forecast period.
Suppliers use high-quality materials to develop hydraulic seals designed to withstand harsh conditions. Hydraulic seals are application-specific solutions that help reduce operating costs. These factors are expected to drive growth of this segment over the forecast period.
The processes and equipment used to use alternative energy sources must be efficient. They must be able to withstand high temperatures and high pressures.
These factors are increasing the demand for hydraulic seals, which will drive the market growth over the forecast period.
The use of adhesives and sealants instead of hydraulic seals may jeopardize the growth of the hydraulic seals market.
The use of adhesives and sealants is growing rapidly worldwide, posing a threat to the market.
Some end users prefer to use sealants and adhesives, and new advances make bonding them very efficient.
They are a major substitute for hydraulic seals, which in turn will negatively impact the market growth during the forecast period.
Taking into account the impact of COVID-19, Technavio offers three forecast scenarios (optimistic, probable and pessimistic). Technavio’s in-depth study provides market research reports directly and indirectly affected by the COVID-19 pandemic.
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Detailed information on factors that will drive hydraulic seal market growth over the next five years.
The hydraulic pump market share is expected to increase by US$3.53 billion between 2021 and 2026, and the market growth rate is expected to accelerate at a compound annual growth rate of 5.59%. The report broadly covers segmentation by end user (construction, mining and material handling, oil and gas, agriculture, etc.) and geographic location (Asia Pacific, North America, Europe, Middle East and Africa, and South America). America).
The hydraulic elevator market share is expected to increase by US$620.9 million from 2021 to 2026, and the market growth rate is expected to accelerate at a compound annual growth rate of 1.41%. The report is broadly segmented by type (non-perforated hydraulic elevators, perforated hydraulic elevators and rope hydraulic elevators) and geographies (Asia Pacific, Europe, North America, Middle East and Africa and South America).
AW Chesterton Co, AB SKF, All Seals Inc.,NINGBO BODI SEALS CO.,LTD ., 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.、MAXXHydraulics LLC、NOK Corp.、PARKER HANNIFIN CORP.、SealTeam Australia、Spareage Sealing Solutions、Trelleborg AB 和 Unitech Products。
Parent market analysis, market growth drivers and barriers, fast growing and slow growing segments analysis, COVID-19 impact and recovery analysis, and future consumer dynamics and market analysis during the forecast period.
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Contact ：www.bodiseals.com
Post time: Oct-18-2023