18-Mar-2021 | Facts and Factors
Findings from Facts & Factors report “Mechanical Face Seals Market By Type (Lifetime Seals, Floating Seals, Duo Cone Seals, Toric Seals, and Heavy Duty Seals), By Application (Tracked Vehicles (Excavators and Bulldozers), Conveyor Systems, Heavy Trucks, Axles, Tunnel Boring Machines, Agriculture Machines, and Mining Machines), Sales Channel (Direct, and Indirect): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026” states that the global mechanical face seals market in 2019 was approximately USD 3,180 Million.The market is expected to grow at a CAGR of 6.5% and is anticipated to reach around USD 3,890 Million by 2026.
Mechanical face seals also known as floating seals, heavy-duty seals, lifetime seals, toric seals, and duo cone seals are made for rotating applications in harsh environmental conditions. These are a special type of mechanical seals and provide minimum leakage of sealed fluid. In mechanical face seals usually one of the sealing faces is ceramic or metal whereas the other one is usually plastic or graphite. Two face contact in a sealing area that is a narrow ring.
Browse the full“Mechanical Face Seals Market By Type (Lifetime Seals, Floating Seals, Duo Cone Seals, Toric Seals, and Heavy Duty Seals), By Application (Tracked Vehicles (Excavators and Bulldozers), Conveyor Systems, Heavy Trucks, Axles, Tunnel Boring Machines, Agriculture Machines, and Mining Machines), Sales Channel (Direct, and Indirect): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026” report at https://www.fnfresearch.com/mechanical-face-seals-market
The oil & gas sector and infrastructure activities across developed, developing, and emerging economies are growing at a healthy pace. This is expected to increase demand for mechanical face seals in the oil & gas sector for the years to come. The increasing adoption of tunnel boring machines for infrastructural activity and the oil & gas sector has significantly increased the market. Oil & gas sector development is expected to further support the global mechanical face seals market.The agricultural, infrastructure and mining industries significantly contribute to a nation's economy. For instance, mining companies in Australia paid around USD 204 billion in 2016-2017 in taxes and royalties, hospitals, and funding schools and infrastructures across the region.Government construction and commercial initiatives go a long way in making a country self-sufficient and competitive in terms of export and trade. Population growth in emerging economies has led to mass migration, exerting an enormous strain on the existing urban infrastructure. To deal with this, center and state governments have started providing soft loans to spur investment and FDI in the respective country's construction and industrial sectors.
The floating sealcategory in product type segmentation dominated the market in 2019and is anticipated to continue its dominance in the upcoming years. The growth of the floating sealcategory can be attributed to its increasing adoption in industrial sectors. The tunnel boring machinescategory in the application segmentation dominated the market in 2019 with a market share of around 27% and is expected to continue its dominance in the forecast period. The growth of the tunnel boring machines category can be attributed to the growing adoption of mechanical face seals in the construction industry and infrastructure projects.
The Asia Pacific region dominated the mechanical face seals market in 2019 with a market share of more than 50% and is anticipated to continue its dominance in the upcoming years. The dominance of Asia Pacific in the mechanical face seals market can be attributed to the rapidly growing manufacturing sector in developing countries such as China and India. Also, various government initiatives and favorable regulations and regulatory frameworks supporting the manufacturing sector in the region are expected to drive the market further in the upcoming years. The Europe market followed the Asia Pacific market and had a significant share in 2019. The rapidly growing mechanical face seals market in Europe can be attributed to the growing chemical industry in the region coupled with the increasing use of mechanical face seals in mining, marine, and aerospace industries. Spain and Italy are anticipated to grow rapidly in the forecast period in comparison with other countries in the region due to increasing demand from the food and beverage and oil & gas industries.
Report Scope
Report Attribute |
Details |
Market Size in 2019 |
USD 3,180.0 Million |
Projected Market Size in 2026 |
USD 3,890.0 Million |
Growth Rate |
CAGR 6.5% |
Base Year |
2019 |
Forecast Years |
2020–2026 |
Key Market Players |
Caterpillar, FTL Technology, Enduro Bearings Industrial, SKF, Goetze, Trostel, SAP Parts, Trelleborg Group, ROC Carbon Company, Morcor Limited and Others |
Key Segment |
By Product Type, By Application, By Sales Channel and By Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
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Some of the key players in the mechanical face seals market are SAP Parts, ROC Carbon Company, Caterpillar, Enduro Bearings Industrial, Trelleborg Group, Morcor Limited, Trostel, FTL Technology, SKF, and Goetze among others.
This report segments the mechanical face seals market as follows:
Global Mechanical Face Seals Market: By Product Type Segmentation Analysis
- Lifetime
- Floating
- Duo Cone
- Toric
- Heavy Duty
Global Mechanical Face Seals Market: By Application Segmentation Analysis
- Tracked Vehicles(Excavators and Bulldozers)
- Conveyor Systems
- Heavy Trucks
- Axles
- Tunnel Boring Machines
- Agriculture Machines
- Mining Machines
- Others
Global Mechanical Face Seals Market: By Sales Channel Segmentation Analysis
Global Mechanical Face Seals Market: Regional Segmentation Analysis
- North America
- Europe
- Germany
- The UK
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC Countries
- South Africa
- Rest of Middle East & Africa
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