Hydraulic Seals Market by Product Type, End-user, and Geography - Forecast and Analysis- 2023-2027

The hydraulic seals market is estimated to grow at a CAGR of 5.51% between 2022 and 2027. The size of the market is forecast to increase by USD 1305.25 million. The growth of the market depends on several factors, including the capability to withstand harsh industrial operations, the increasing demand from the automotive industry, and the rising stringent regulations. 

This report extensively covers product type (rod seals, piston seals, wiper seals, and others), end-user (automotive and aerospace, heavy industry and others), and geography (APAC, North America, Europe, Middle East, and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021. 

What will the Size of the HydraulicSeals Market be During the Forecast Period?

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Parent Market Analysis 

Technavio categorizes the global hydraulic seals market as a part of the global industrial machinery market. The parent global industrial machinery market covers companies engaged in manufacturing industrial machinery and components covering presses, machine tools, compressors, pollution control equipment, elevators, escalators, insulators, pumps, roller bearings, and other metal fabrications. Our research report has extensively covered external factors influencing the parent market growth during the forecast period. 

Hydraulic Seals Market: Key Drivers, Trends, Challenges, and Customer Landscape

The innovative features and user interfaces are notably driving the hydraulic seals market growth, although factors such as the use of adhesives and sealants instead of hydraulic seals may impede the market growth. Our researchers studied the data for years, with 2022 as the base year and 2023 as the estimated year, and presented the key drivers, trends, and challenges for the market. Although there has been a decrease in demand for the market during the COVID-19 pandemic, a holistic analysis of drivers will help companies refine marketing strategies to gain a competitive advantage.   

Key Hydraulic Seals Market Driver

Innovative features and user interfaces are notably driving the hydraulic seals market growth. Hydraulic seals are extensively adopted in industries for their significant advantages in providing leakage protection and control. The tough industrial environment in process industries is augmenting the harsh conditions faced by equipment. These conditions also contribute to the early wear-out of the equipment. Oilfield media and different environments in end-user industries lead to limited seal life and affect the performance of equipment. To help industries cope with the increasingly tough conditions and capture a fair amount of market share, vendors are designing hydraulic seals using high-quality materials to enable them to handle heavy-duty operations. The overall industrial ecosystem includes many complex processes that occur simultaneously, which gives rise to the high need to upgrade existing seals to improve productivity and reliability in processes. Focusing on this factor, manufacturers are paying attention to their product portfolios and are offering customized hydraulic seals based on different application needs in industries. These seals vary from one application to the other based on several factors. Applications may vary from subsea oil and gas exploration activities to lightweight applications. However, hydraulic seals provide an exhaustive solution for specific applications and reduce operating costs. Such factors are expected to drive the growth of the hydraulic seals market during the forecast period.

Key Hydraulic Seals Market Trend

Developments in renewable energy projects worldwide are the primary trend driving the hydraulic seals market growth. Globally, there has been a significant shift from the use of fossil fuels to renewable energy sources to generate power. An increasing number of countries are investing in renewable energy sources. Renewable energy sources have a significant impact on technological advancements. Major economies are finding renewable energy projects more efficient and effective in producing and storing energy to meet the rising demand for power. Since renewable energy sources are more easily available and cost-effective than oil and coal, investments in the former type of energy sources are increasing across the world. Ocean, biomass, geothermal, fuel cells, wind energy, solar, and hydropower are thus considered future fuels. With an increase in the depletion of natural resources, there is more emphasis on manufacturing fuel using renewable sources of energy. Processes and equipment used for harnessing energy from these alternative sources must be highly efficient. Such types of equipment should have the capability to withstand high temperature and pressure conditions and even face high forces of water, which can easily wear out equipment. Therefore, there is a significant need for hydraulic seals. Such factors will fuel the growth of the global hydraulic seals market during the forecast period.

Key Hydraulic Seals Market Challenge

The use of adhesives and sealants instead of hydraulic seals may impede the hydraulic seals market growth. Adhesives are interchangeably used with cement, glue, mucilage, or paste on one of the surfaces or both surfaces that are required to be joined to prevent any kind of leakage. Adhesives bind both surfaces together and resist any kind of separation. Adhesives are made of gelatin, epoxy, resin, or polyethylene. On the other hand, a sealant is a thin plastic-coated paint that is used on the surfaces of equipment dealing with liquids. Sealants are used to block the flow of fluids from the surface of the equipment. In the construction industry, sealants are primarily used for blocking dust, sound, and heat transmission. Sealants can be weak or strong, flexible or rigid, and permanent or temporary. The use of such substances in industries reduces the use of hydraulic seals. The global use of adhesives and sealants is increasing rapidly, which will act as a major threat to the market in focus. In the US, despite being one of the major contributing countries to the global hydraulic seals market, there have been instances wherein a few end-user segments have preferred using sealants and adhesives. New developments in adhesives have even made them extremely efficient in binding two dissimilar materials. Therefore, they act as the major substitute for hydraulic seals, and this will negatively affect market growth during the forecast period.

Key Hydraulic Seals Market Customer Landscape

Our analysis of the Life Cycle of the Global hydraulic seals market from the innovator’s stage to the laggard’s stage. The report illustrates the lifecycle of the global hydraulic seals market, focusing on the adoption rates of the major regions such as the US, China, Japan, India, and Germany. Our researchers have included key purchase criteria, adoption rates, adoption lifecycles, and drivers of price sensitivity to help companies evaluate and develop growth strategies for 2022-2027.

Global Hydraulic Seals Market Customer Landscape

Who are the Major Hydraulic Seals Market Vendors?                                     

Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market 

Trelleborg AB - The main segment comprises the engineered coated fabrics operation of Trelleborg Coated Systems and the operations of marine solutions and infrastructure projects of Trelleborg Offshore and Construction. Under the service segment, the company offers hydraulic cylindrical seals for various types of equipment, such as spring-energized Turcon, Variseal, O Ring-energized Turcon, Stepseal2K, Zurcon, and polyurethane UCup RU9. 

We also have detailed analyses of the market’s competitive landscape and offer information on 20 market vendors, such as

• A.W. Chesterton Co.
• AB SKF
• All Seals Inc.
• DingZing Advanced Materials Inc.
• 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.
• MAXX Hydraulics LLC
• NOK Corp.
• PARKER HANNIFIN CORP.
• SealTeam Australia
• Spareage Sealing Solutions
• Trelleborg AB
• Unitech Products

Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak. 

What is the Fastest-Growing Segment in the Hydraulic Seals Market?

The market share growth by the rod seals segment will be significant during the forecast period. Rod seals act as pressure barriers, maintain the operating fluid inside the cylinder, and help in regulating the fluid that can extend with the surface of the piston rod. They are important fixtures in cylinders as they inhibit rod corrosion and lubricate themselves and the wiper seals associated with them. Rod seals maintain the sealing contact in a sliding motion between the cylinder head and the piston rod. Based on the load of the application, rod seals can be associated with buffer seals. Rod seals are like piston seals in terms of functionality. However, the only difference between them is that rod seals are used externally for cylinder heads and prevent the leakage of fluid from cylinders. When connected with a scraper, rod seals provide outstanding performance and even improve the lifespan of the cylinder even in the harshest environment. Such factors are expected to drive the growth of the rod seals segment, which will fuel the growth of the hydraulic seals market during the forecast period.

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The rod seals showed a gradual increase in market share, from USD 946.31 in 2017, and continued to grow by 2021. Piston Seal Segment is the second largest segment which is primary hydraulic seals that are deployed for a wide set of applications globally. This market segment is expected to record an accelerating growth curve during the forecast period. However, the CAGR of the hydraulic piston seals segment of the global market is expected to be much higher during the forecast period. The factor supporting the highest market share of this segment is the ability of hydraulic piston seals to act as a pressure barrier and prevent the fluid from leaking through the pistons. Piston seals maintain the sealing contact between a piston and a cylinder bore. Seals help in holding the pressure acting on the piston. The pressure may extend or retract the piston rod. 

The growth of this segment is primarily attributed to the increasing adoption of Hydraulic Seals by residential consumers, which is driven by changing lifestyles and a growing preference for comfort.

Which are the Key Regions for Hydraulic Seals Market?

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APAC is projected to contribute 42% by 2027. Our analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

The automotive industry in APAC is leading in all aspects. At present, the automotive industry highly focuses on styling, safety, and comfort for people. The major advantage that industries in APAC can leverage is the low-cost labour with higher manufacturing efficiency. Countries such as Thailand, Japan, China, and India are continuously making efforts toward higher industrial and economic development and have been successful in taking a prominent position in the global market. These countries are also continuously attempting to use alternative energy sources for manufacturing automobiles. In APAC, the growth of the heavy industry is driven by rising construction and engineering activities in the region. With extensive construction and engineering activities taking place in developing economies in the region, there is significant pressure to build robust products that can be used extensively in a highly competitive environment with less-regulated manufacturers.

This report forecasts the contribution of all the segments to the growth of the market. The outbreak of COVID-19 led to a decline in the sales of hydraulic seals in APAC in 2020 and 2021. The outbreak severely affected many countries in the region, such as China, India, South Korea, and Japan. The increase in the number of COVID-19 cases led to the imposition of lockdowns in various countries in the region in 2020 and early 2021. Moreover, the lockdowns imposed by various governments in the region resulted in a deterioration of the operational effectiveness of numerous industries, including the automotive and heavy industry, which impeded market expansion. Owing to the shutdown of factories and supply disruptions, the market in the region experienced a lag in growth in 2020 and early 2021. However, in 2021, the ramping up of mass COVID-19 vaccination drives and other initiatives by the governments resulted in the lifting of lockdown restrictions. Governments in the region have started focusing on reviving their economies.

Segment Overview

Our report forecasts revenue growth at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. We have segmented the market based on type, product, distribution channel, and region.

• Product Type Outlook (USD Million, 2017 - 2027)
  • Rod seals
  • Piston seals
  • Wiper seals
  • Others

• End-user Outlook (USD Million, 2017 - 2027)
  • Automotive and aerospace
  • Heavy industry
  • Others

• Region Outlook (USD Million, 2017 - 2027)
  • North America
    • The U.S.
    • Canada
  • South America
    • Chile
    • Brazil
    • Arjentina
  • Europe
    • The U.K.
    • Germany
    • France
    • Rest of Europe
  • APAC
    • China
    • India
  • Middle East & Africa
    • Saudi Arabia
    • South Africa
    • Rest of the Middle East & Africa

  Hydraulic Seals Market Scope
  Report Coverage	Details
  Page number	120
  Base year	2022
  Historical year	2017-2021
  Forecast period	2023-2027
  Growth momentum & CAGR	Accelerate at a CAGR of 5.51%
  Market growth 2023-2027	$1305.25 million
  Market structure	Fragmented
  YoY growth (%)	5.21
  Regional analysis	APAC, North America, Europe, the Middle East and Africa, and South America
  Performing market contribution	APAC at 42%
  Key consumer countries	US, China, Japan, India, and Germany
  Competitive landscape	Leading companies, Competitive Strategies, Consumer engagement scope
  Key companies profiled	A.W. Chesterton Co., AB SKF, All Seals Inc., DingZing Advanced Materials Inc., 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., MAXX Hydraulics LLC, NOK Corp., PARKER HANNIFIN CORP., SealTeam Australia, Spareage Sealing Solutions, Trelleborg AB, and Unitech Products.
  Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.
  Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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  What are the Key Data Covered in this Hydraulic Seals Market Report?

  • CAGR of the market during the forecast period 2023-2027
  • Detailed information on factors that will drive hydraulic seals market growth during the next five years
  • Precise estimation of the hydraulic seals market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the hydraulic seals industry across APAC, North America, Europe, the Middle East and Africa, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of hydraulic seals market vendors

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