Industrial Fastener Seal Market by Product, End-user, Distribution Channel, and Geography - Forecast and Analysis 2021-2025

  • Published: May 2021
  • Pages: 120
  • SKU: IRTNTR70606
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The industrial fastener seal market has the potential to grow by USD 323.98 million during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 2.99%.

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 market segmentation by product (ring type seals, static seals, thread seals, and specialty products), end-user (process industries and discrete industries), geography (APAC, North America, Europe, South America, and MEA), and distribution channel (sales through OEMs and direct sales to end-users). The industrial fastener seal market report also offers information on several market vendors, including AB SKF, All Seals Inc., EnPro Industries Inc., ERIKS N.V., Freudenberg FST GmbH, LSP Holding LTD, Marco Rubber and Plastics LLC, Mitsubishi Cable Industries Ltd., Parker Hannifin Corp., and The Timken Co. among others.

What will the Industrial Fastener Seal Market Size be in 2021?

Industrial-Fastener-Seal-Market-Market-Size-2020-2025

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Industrial Fastener Seal Market: Key Drivers and Trends

The increasing use of fastener seals in the automotive sector is notably driving the industrial fastener seal market growth, although factors such as price wars affecting sales of global vendors may impede market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the industrial fastener seal market industry get your FREE report sample now.

  • Increasing use of fastener seals in automotive sector is a key driver boosting the growth of the industrial fastner seal market.
  • The global automotive industry is growing by incorporating innovative designs and specifications to manufacture high-end vehicles. The massive expansion and demand for automobiles from APAC is one of the major driving forces toward the growth of the automotive industry.
  • Fastener seals are used in the automotive industry to achieve better control in the manufacturing of automobiles of distinctive designs and specifications. 
  • Due to the precise connection that the fastener seals provide to the industrial equipment, it becomes feasible to carry out high load applications without wear. The requirement of fastener seals in the industry has been instrumental in driving the growth of the industrial fastener seal market.
  • Capability of fastener seals to withstand harsh industrial operations is another important driver influencing the industrial fastener seal market growth.
  • Fastener seals are widely adopted in different end-user industries, as they provide leakage protection even in the harshest industrial environments. This increases the demand for fastener seals in the industry.
  • Adverse conditions in process industries where different industrial equipment operate result in early wear out or contamination of industrial equipment. To assist industries in carrying out harsh operations, vendors are manufacturing fastener seals by using high-quality materials.
  • As natural resources are depleting, rigid seals are required to protect the equipment and processes against leakage. The use of high-quality materials has been instrumental in increasing the overall lifespan of the fastener seals.

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. Get detailed insights on the trends and challenges, which will help companies evaluate and develop growth strategies.

Who are the Major Industrial Fastener Seal Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • AB SKF
  • All Seals Inc.
  • EnPro Industries Inc.
  • ERIKS N.V.
  • Freudenberg FST GmbH
  • LSP Holding LTD
  • Marco Rubber and Plastics LLC
  • Mitsubishi Cable Industries Ltd.
  • Parker Hannifin Corp.
  • The Timken Co.

 

The industrial fastener seal market is fragmented and the vendors are deploying growth strategies such as investing in R&D to push better products to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

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.

Download a free sample of the industrial fastener seal market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Industrial Fastener Seal Market?

Industrial-Fastener-Seal-Market-Market-Share-by-Region-2020-2025

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53% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for industrial fastener seal market 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. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

What are the Revenue-generating Product Segments in the Industrial Fastener Seal Market?

Industrial-Fastener-Seal-Market-Market-Share-by-Product-2020-2025

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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. Ring type seals do not require timely servicing, are generally lightweight and require very little space to fit in any industrial equipment. Such factors have raised the demand for ring type seals in the industrial fastener seal market.

Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the industrial fastener seal market size.

 

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What are the Key Factors Covered in this Industrial Fastener Seal Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive industrial fastener seal market growth during the next five years
  • Precise estimation of the industrial fastener seal market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the industrial fastener seal industry across APAC, North America, Europe, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of industrial fastener seal market vendors

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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.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The industrial fastener seal market growth will increase by $323.98 million during 2020-2025.
The industrial fastener seal market is expected to grow at a CAGR of 2.99% during 2020-2025.
Technavio has segmented the industrial fastener seal market by product (Ring type seals, Static seals, Thread seals, and Specialty products) ,end user (Process industries and Discrete industries) , and geographic (APAC, North America, Europe, South America, and MEA).
AB SKF, All Seals Inc., EnPro Industries Inc., ERIKS N.V., Freudenberg FST GmbH, LSP Holding LTD, Marco Rubber and Plastics LLC, Mitsubishi Cable Industries Ltd., Parker Hannifin Corp., The Timken Co. are a few of the key vendors in the industrial fastener seal market.
APAC will register the highest growth rate of 52.52% among the other regions. Therefore, the industrial fastener seal market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the industrial fastener seal market growth are:
  • Increasing use of fastener seals in automotive sector
The industrial fastener seal market vendors should focus on grabbing business opportunities from the ring type seals segment as it accounted for the largest market share in the base year.
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