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The industrial fastener seal market share is expected to increase to USD 380.16 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 3.01%.
This industrial fastener seal market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers industrial fastener seal market segmentation by product (ring type seals, static seals, thread seals, and specialty products), end-user (process industries and discrete industries), and geography (APAC, North America, Europe, South America, and Middle East and Africa). The industrial fastener seal market report also offers information on several market vendors, including AB SKF, Abbott Laboratories, APM HEXSEAL CORP., D and D Engineered Products Inc., Darcoid of California, etaGLOBAL LLC, Flowserve Corp., Freudenberg FST GmbH, Gallagher Fluid Seals Inc., Hercules OEM US, LSP Holding UK Ltd., Marco Rubber and Plastics LLC, Mitsubishi Cable Industries Ltd., MW Industries Inc., Nagano Keiki Co. Ltd., ND Industries Inc., Parker Hannifin Corp., The Timken Co., Trelleborg AB, and United Seal and Rubber Co. Inc. among others.
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Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The increasing use of fastener seals in automotive sector is notably driving the industrial fastener seal market growth, although factors such as the price wars affecting sales of global vendors may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the industrial fastener seal industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Industrial Fastener Seal Market Driver
Key Industrial Fastener Seal Market Trend
Key Industrial Fastener Seal Market Challenge
This industrial fastener seal market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global industrial fastener seal market as a part of the global industrial machinery market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the industrial fastener seal market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the industrial fastener seal market encompasses successful business strategies deployed by the key vendors. The industrial fastener seal market is fragmented and the vendors are deploying growth strategies such as investment in R&D to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The industrial fastener seal market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the industrial fastener seal market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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62% of the market's growth will originate from APAC during the forecast period. China, Japan, and India are the key markets for industrial fastener seals in APAC. Market growth in this region will be faster than the growth of the market in other regions.
The rapid growth of food and beverage capacities will facilitate the industrial fastener seal market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
In 2020, the industrial fastener seal market in the region witnessed several challenges due to the COVID-19 pandemic. However, with the decline in the number of COVID-19 cases in 2021, industrial activities in the region accelerated rapidly. This will drive demand for industrial fastener seals in the region during the forecast period.
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The industrial fastener seal market share growth by the ring-type seals segment will be significant during the forecast period. Ring-type seals find applications in various processes carried out in the process and discrete industries. These seals are suitable for normal as well as harsh conditions of facilities and also exhibit a long life under heavy-duty operations. The seals do not require timely servicing, are generally lightweight and require very little space to fit in any industrial equipment. Such factors will boost the demand for ring-type seals in the industrial fastener seal market.
This report provides an accurate prediction of the contribution of all the segments to the growth of the industrial fastener seal market size and actionable market insights on post COVID-19 impact on each segment.
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Industrial Fastener Seal Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 3.01% |
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Market growth 2022-2026 |
$ 380.16 million |
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Market structure |
Fragmented |
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YoY growth (%) |
2.95 |
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Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
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Performing market contribution |
APAC at 62% |
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Key consumer countries |
US, China, Japan, India, and Germany |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
AB SKF, Abbott Laboratories, APM HEXSEAL CORP., D and D Engineered Products Inc., Darcoid of California, etaGLOBAL LLC, Flowserve Corp., Freudenberg FST GmbH, Gallagher Fluid Seals Inc., Hercules OEM US, LSP Holding UK Ltd., Marco Rubber and Plastics LLC, Mitsubishi Cable Industries Ltd., MW Industries Inc., Nagano Keiki Co. Ltd., ND Industries Inc., Parker Hannifin Corp., The Timken Co., Trelleborg AB, and United Seal and Rubber Co. Inc. |
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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, Market condition analysis for forecast period |
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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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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Product
6 Market Segmentation by End-user
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Vendor Landscape
11 Vendor Analysis
12 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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