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Industrial Seals Market Size, Share Global Analysis Report, 2021 - 2026
Industrial Seals Market By Type (Axial Seals, Radial Seals, & Mechanical Seals), By Application (Mining, Food & Beverage, Oil & Gas, Energy & Power, Aerospace, Marine, Construction, & Others), And By Regions - Global & Regional Industry Perspective, Comprehensive Analysis, and Forecast 2021 - 2026
Industry Insights
[187+ Pages Report] The recent publication from Facts & Factors titled “Global Industrial Seals Market” encompasses a comprehensive and analytical overview of the market. The report illustrates that the Global Industrial Seals Market was valued to be around USD 12.98 Billion in the year 2020 and will further grow with a CAGR of 4.9% to an expected value of USD 17.1 Billion by 2026.
Market Overview
Industrial seals are mechanical stoppage devices that is used to prevent leakages, holding restricted pressure, and contain fluid from overflowing between different intersecting points. Industrial seals are a combination of statis and dynamic interfaces. Static examples of seals are the entry points of bolts and screws while dynamic examples of seals are hydraulically sealed examples. Seals are universally used where rotating and reciprocating applications are utilized. Seals come in a variety of shapes and sizes depending on the application and the diameter of the shaft where the seal can be fitted.
Industry Growth Factors
The governing factors behind the stable growth of the industrial market are the rising demand for thermal, durable, and heat resistant seals that allow the swift development of forces between two rotating elements. Temperature plays an important role during such operations which will give rise to heat-resistant seals during the forecast. Factors such as providing optimum efficiency and increased productivity coupled with growing demand in the manufacturing sector will further boost the growth of the global industrial market during the forecast period. Furthermore, a rising trend of customizable industrial seals will open new revenue opportunities during the forecast period.
Rising prevalence of larger manufacturing units will give rise to continuous and high production of seals. However, factors such as lack of raw materials, deteriorating supply chains, and unavailability of workers will hamper the growth of the global industrial seal market. Furthermore, the industry disruption bought on by COVID-19, the market is expected to bounce back to pre-COVID-19 levels during the forecast period. Moreover, increasing consumer preference shifting toward seal-less driving shafts will further hamper the growth of the industrials seals during the forecast period.
Segmentation Analysis
The global industrial seals market can be segmented into type, application, and region.
On the basis of type, the global industrial seals can be divided into axial seals, radial seals, and mechanical seals. The mechanical seals can be further broken down into pusher and non-pusher seals, conventional seals, balanced and unbalanced seals, and cartridges. The radial seal segment is expected to witness the largest market share during the advent of the forecast owing to the rising adoption of contacting seal applications in several sectors. The growth of mechanical seals and axial seals will follow in consensus after the latter. On the basis of application, the global industrial seals can be fragmented into mining, food & beverage, oil & gas, energy and power, aerospace, marine, construction, and others (chemicals). The food and beverage sector is expected to witness the largest market share over the forecast timeframe owing to rising demands. The segment of energy and power will post the fastest growing CAGR during the forecast owing to the rise in energy demands with the renewable energy sector contributing the largest.
Regional Analysis
Asia-Pacific is expected to witness the largest market share during the advent of the forecast in terms of global revenue contribution. Rising demands from a number of registered and unregistered firms from the region and the availability of high-quality seals at a low-cost price will drive the dominant position of the market during the forecast. North America is expected to witness the fastest growing CAGR during the forecast period owing to the presence of key players in the region. Additionally, the rising demand for small and mid-sized seals in the region will further propel the growth of the global industrial seals market in the region.
Report Scope
Report Attribute |
Details |
Market Size in 2020 |
USD 12.98 Billion |
Projected Market Size in 2026 |
USD 17.1 Billion |
CAGR Growth Rate |
4.9% CAGR |
Base Year |
2020 |
Forecast Years |
2021-2026 |
Key Market Players |
SKF, Flowserve Corporation, John Crane, Trelleborg AG, EnPro Industries, Inc., Dover Corporation, SHV, Freudenberg SE, Tenneco, Inc., Fenner Group, John Crane, and Trelleborg AG, among others. |
Key Segment |
By Type, By Application, and By Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
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Competitive Players
The key participants in the global industrial seals market are :
- SKF
- Flowserve Corporation
- John Crane
- Trelleborg AG
- EnPro Industries Inc.
- Dover Corporation
- SHV
- Freudenberg SE
- Tenneco Inc.
- Fenner Group
- John Crane
- Trelleborg AG
By Type Segment Analysis
- Axial Seals
- Radial Seals
- Mechanical Seals
- Pusher & Non-Pusher Seals
- Conventional Seals
- Balanced & Unbalanced Seals
- Cartridge
By Application Segment Analysis
- Mining
- Food & Beverage
- Oil & Gas
- Energy & Power
- Aerospace
- Marine
- Construction
- Others
By Regional Segment Analysis
- North America
- U.S.
- Canada
- Europe
- UK
- France
- Germany
- Italy
- Spain
- 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 and Africa
- GCC Countries
- South Africa
- Rest of MEA
Table of Content
Industry Major Market Players
- SKF
- Flowserve Corporation
- John Crane
- Trelleborg AG
- EnPro Industries Inc.
- Dover Corporation
- SHV
- Freudenberg SE
- Tenneco Inc.
- Fenner Group
- John Crane
- Trelleborg AG
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