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The peripheral equipment that is used in various production industries can get overheated due to the heavy running cycles of the equipment. This results in an increased adoption of piston seals to protect the over-running and overheating equipment during continuous processes. Research analysis on the global piston seals market identifies that the protection offered by piston seals to peripheral equipment will be one of the major factors that will have a positive impact on the growth of the market. Piston seals prevent oil leakage to protect the peripheral equipment under high temperature and high-pressure applications. In applications where the equipment starts and stops frequently, the equipment consumes a lot of power to start again, resulting in overheating issues in the equipment. This further boosts the demand for piston accumulator seals because they help in lubricating the equipment with oil to ensure efficient running of the equipment. Technavio’s market research analysts predict that this global market will post a revenue of more than USD 2.2 billion by 2021.
The relocation of projects in the emerging economies is driving growth in the automotive industry in APAC. The automotive sector in countries like Thailand, Japan, China, and India are focusing on the manufacturing of automobiles by utilizing alternative energy sources. Also, the automotive sector in countries like India, Indonesia, and Australia is also witnessing growth due to the rising investments in research and developmental activities. Consequently, the demand for piston rings and seals such as bonded piston seals and brake piston seals will continue to increase from these countries during the projected period.
The piston seals market is characterized as moderately fragmented due to the presence of many vendors. Several vendors are entering the market due to the increasing population and rapid industrialization. A large number of vendors are working in different regions to provide process optimization to their end-users and increase the scalability.
Key vendors in this market are -
Other prominent vendors in the market include Boca Bearings, All Seals, ElringKlinger Kunststofftechnik, Chesterton, Hunger DFE, Greene,Tweed, Seal Science, James Walker, Evco Seals, JETSEAL, and MSP Seals.
Double-acting piston seals are also known as bi-directional seals. These seals display identical sealing function in both the directions. The adoption of these piston rings or valve seals is higher in comparison to other piston seals types because they possess a cross-sectional profile and are used for heavy-duty operations. Double-acting piston seals are extensively preferred in the automotive industry for high-speed applications because they stabilize the overall automobile in its high-speed.
The rising disposable income of customers is driving the demand for light commercial vehicles. This compels producers to increase their production level in terms of volume to meet the demands of customers, fulfill their delivery demands, and maintain a stringent quality. The adoption of piston seals will also increase because they are used in these vehicles to provide high-performance in high-load and high-speed applications. The automotive industry will continue to be the largest end-user throughout the estimated period due to the deployment of piston seals in assembly line operations, engine manufacturing, lifting, and handling and final dispatch.
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PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: INTRODUCTION
PART 05: MARKET LANDSCAPE
PART 06: MARKET SEGMENTATION BY TYPE
PART 07: MARKET SEGMENTATION BY END-USER
PART 08: REGIONAL LANDSCAPE
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
PART 11: MARKET TRENDS
PART 12: VENDOR LANDSCAPE
PART 13: KEY VENDOR ANALYSIS
PART 14: APPENDIX
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