Global Mechanical Face Seals Market Size, Share, Trends Analysis Forecast 2020-2026

Industry Insights

[195+ Pages Report] According to the report published by Facts and Factors, the global mechanical face seals market size was valued around USD 3,180 million in 2019 and is expected to grow to around USD 3,890 million by 2026 with a compound annual growth rate (CAGR) of roughly 6.5% between 2020 and 2026. The report analyzes the global mechanical face seals market drivers, challenges, and the impact they have on the demands during the forecast period. In addition, the report explores emerging opportunities in the mechanical face seals market.

Market Overview

Mechanical face seals are designed for rotating applications in rugged conditions where they must tolerate excessive wear to avoid the ingress of harsh and abrasive external media. Mechanical face seals are a safe option because the most critical requirement is the least amount of leaking of the compressed fluid. The revolving and stationary members that form a plane perpendicular to the shaft form the main sealing interface. The sealing area is a small ring that separates the two ears. The sealing faces are normally metal or ceramic on one side and graphite or plastic on the other.

Industry Growth Factors

The demand for mechanical face seals is increasing at a significant rate due to the rising industrial developments in emerging economics. The stringent emission and fuel economy standards are driving the worldwide mechanical face seals market. In increasing sales, making goods more recognizable and appealing to a buyer plays a critical role. Strong industrialization, emerging economies, rising demands across different sectors, increased knowledge levels, increased utilization, increasing uses, particularly in light commercial vehicles (LCVs), increasing research and development activities, and increasing investments by leading suppliers may be the main factors that encouraged the growth of the mechanical face seals industry.

Global Mechanical Face Seals Market: Segmentation

The worldwide mechanical face seals market is bifurcated into its type, application, sales channel, and regions. Based on the type, the global market is segregated into duo cone seals,floating seals, lifetime seals, toric seals, and heavy-duty seals. Based on the application, the market is bifurcated into conveyor systems, tracked vehicles (excavators and bulldozers), axles, heavy trucks, agriculture machines, tunnel boring machines, and mining machines. Based on sales channels, the global market is segmented into direct, and indirect. Geographically, the mechanical face seals market is diversified into North America, Asia-Pacific, Europe, Latin America, and Middle East & Africa.

Global Mechanical Face Seals Market: Region-wise Analysis

Asia Pacific region dominated the global mechanical face seals market in 2019 and is anticipated to continue its dominance in the upcoming years. The dominance of the Asia Pacific market can be attributed to the growing demand for light commercial vehicles (LCVs). Also, the rapidly growing population in developing countries such as China and India and the increasing demand associated with several sectors like infrastructure, agriculture, mining, etc. are driving the demand for mechanical face seals in the region. North America and Europe held a significant share in the global mechanical face deals market due to the ongoing infrastructure developments in the regions.

Report Scope

Global Mechanical Face Seals Market: Key Players

Some of the key players in the mechanical face seals market are :

• Caterpillar
•  FTL Technology
•  Enduro Bearings Industrial
•  SKF
•  Goetze
•  Trostel
•  SAP Parts
•  Trelleborg Group
•  ROC Carbon Company
•  Morcor Limited

Global Mechanical Face Seals Market: Regional Segment Analysis

• North America 
  • U.S. 
  • Canada 
• Europe 
  • Germany 
  • France 
  • U.K. 
  • Italy 
  • Spain 
  • Rest of Europe 
• Asia Pacific 
  • China 
  • Japan 
  • India 
  • South Korea 
  • South-East Asia 
  • Rest of Asia Pacific 
• Latin America 
  • Brazil 
  • Mexico 
  • Rest of Latin America 
• The Middle-East and Africa 
  • GCC Countries 
  • South Africa 
  • Rest of Middle-East Africa