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Machined Seals Market by End-user, Type, and Geography - Forecast and Analysis 2021-2025

  • Published: Sep 2021
  • Pages: 120
  • SKU: IRTNTR44263
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The machined seals market share is expected to increase by USD 333.1 billion from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 2.12%.

This machined seals 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 machined seals market segmentation by end-user (automotive industry, heavy industry, machine tools industry, and others), type (fluid power seals, power transmission seals, and large diameter seals), and geography (APAC, North America, Europe, South America, and MEA). The machined seals market report also offers information on several market vendors, including A.W. Chesterton Co., AB SKF, Datwyler Holding Inc., Freudenberg SE, IDEX Corp., James Walker Group Ltd., Martin Fluid Power Co. Inc. and MFP Seals, Michelin Group, Parker Hannifin Corp., and Trelleborg AB among others.

What will the Machined Seals Market Size be During the Forecast Period?

Machined Seals Market Size

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Machined Seals Market: Key Drivers, Trends, and Challenges

The increasing demand for machined seals in manufacturing industries is notably driving the machined seals market growth, although factors such as a rise in the cost of component procurement due to specific requirements of end-users 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 machined seals' industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Machined Seals Market Driver

Increasing demand for machined seals in manufacturing industries is one of the key drivers for the market in focus. Oilfield media and different environments in end-user industries limit the seal life and, thus, the performance of the equipment. Thus, the adverse industrial conditions in process industries directly impact the performance of molded seals and lead to early wear of the material. Therefore, to resolve this issue, vendors are designing machined seals with high-quality materials so that they can handle heavy-duty operations in harsh environmental conditions. The fluorophore is a fluorinated thermoplastic elastomer that fills the gap between polytetrafluoroethylene (PTFE) and fluorocarbon rubber. Machined seals made of such materials offer superior fluid resistance and lower permeability to the fuels. Using a molded seal can affect the performance of the equipment as it can break in harsh industrial applications such as in the oil and gas and mining industries. However, the advantages of machined seals, such as high durability, heat resistance, and wear resistance, make them suitable for industrial applications. All these factors have supported the replacement of molded seals with machined seals in industrial applications, thereby driving the growth of the global machined seals market.

Key Machined Seals Market Trend

Mass customization preferred by end-users is one of the key trends for the market in focus. Custom-made equipment or machinery from manufacturers based on the processes performed within a facility. End-users remain focused on meeting the demand of customers and use innovative ways of production to achieve a competitive edge in the market. They are increasingly adopting mass customization to meet the diverse demands of end-users. Advances in technology have given rise to manufacturing equipment that is unique and works faster than the existing equipment. Manufacturers produce unique equipment as per the demand of end-users. Vendors also try to manufacture customized equipment in a standard way that does not require special training. The rapidly shifting trend from standardized to customized industrial products and equipment will positively impact the market of machined seals during the forecast period.

Key Machined Seals Market Challenge

A rise in the cost of component procurement due to specific requirements of end-users is one of the key challenges for the market in focus. Industries across the world are evolving at a rapid pace, which is increasing the challenges in manufacturing equipment that can withstand the most difficult processes. End-users demand different types of sealing solutions for specific applications carried out in their facilities. Manufacturers of machined seals, by taking the demands of end-users into consideration, design seals by utilizing the most high-quality materials available in the market. For example, the quality of steel that is used to manufacture seals differs from machined seals to standard seals. This is due to manufacturers' commitment to delivering superior-quality seals to end-users. Hence, due to this, the price of machined seals remains higher than that of standard seals. The higher product delivery requirements raise the manufacturing cost in terms of raw material procurement and quality considerations.

This machined seals 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 2021-2025.

Parent Market Analysis

Technavio categorizes the global machined seals 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 machined seals market during the forecast period.

Who are the Major Machined Seals Market Vendors?

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

 

  • A.W. Chesterton Co.
  • AB SKF
  • Datwyler Holding Inc.
  • Freudenberg SE
  • IDEX Corp.
  • James Walker Group Ltd.
  • Martin Fluid Power Co. Inc. and MFP Seals
  • Michelin Group
  • Parker Hannifin Corp.
  • Trelleborg AB

 

This statistical study of the machined seals market encompasses successful business strategies deployed by the key vendors. The machined seals market is concentrated and the vendors are deploying organic and inorganic growth strategies 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 machined seals 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.

Machined Seals Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the machined seals 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.

The value chain of the industrial machinery market includes the following core components:

  • Inputs
  • Inbound logistics
  • Operations
  • Outbound logistics
  • Marketing and sales
  • Service
  • Support activities
  • Innovation

The report has further elucidated other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

 

Which are the Key Regions for the Machined Seals Market?

Machined Seals Market Share by Geography

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48% of the market's growth will originate from APAC during the forecast period. China and India are the key markets for machined seals in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The increasing demand for machined seals from the aerospace and automotive industries will facilitate the machined seals 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

The COVID-19-related lockdowns and social distancing norms adversely affected manufacturing operations in most APAC countries in 2020. Furthermore, movement restrictions led to supply chain disruptions of machining components, which hampered the sales of automobiles in the region. Production units for automotive components were also closed to curb the spread of COVID-19 in the region. However, the sales of automobiles have been recovering in 2021, propelled by the relaxation in travel restrictions and a rise in automobile production in the region. This is expected to foster the growth of the machined seals market in the region during the forecast period.

What are the Revenue-generating End User Segments in the Machined Seals Market?

Machined Seals Market Share

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The machined seals market share growth in the automotive industry segment will be significant during the forecast period.  Automotive companies prefer machined seals, as they are focused on innovative designs and advanced machines that require special sealing technologies. According to the weight, size, dimensions, multifunction, efficiency, and environmental objectives, vehicles are manufactured by incorporating components that work on providing accuracy with efficient sealing systems. A broad range of demand from the automotive industry, along with the increasing competition, has given rise to the manufacturing of advanced vehicles. Therefore, end-users are encouraged to use machined seals to provide high-end designs to vehicles. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the machined seals market size and actionable market insights on post COVID-19 impact on each segment.

 

Machined Seals Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 2.12%

Market growth 2021-2025

$ 333.1 billion

Market structure

Concentrated

YoY growth (%)

1.12

Regional analysis

APAC, North America, Europe, South America, MEA, APAC, North America, Europe, South America, and MEA

Performing market contribution

APAC at 48%

Key consumer countries

US, Germany, UK, China, and India

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

A.W. Chesterton Co., AB SKF, Datwyler Holding Inc., Freudenberg SE, IDEX Corp., James Walker Group Ltd., Martin Fluid Power Co. Inc. and MFP Seals, Michelin Group, Parker Hannifin Corp., and Trelleborg AB

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

Customization purview

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What are the Key Data Covered in this Machined Seals Market In Regional Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive machined seals market growth during the next five years
  • Precise estimation of the machined seals market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the machined seals industry across APAC, North America, Europe, South America, MEA, 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 machined seals market vendors

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1 Executive Summary

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 01: Parent market
    • Exhibit 02: Market characteristics
  • 2.2 Value chain analysis
    • Exhibit 03: Value chain analysis: Industrial machinery market

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 04: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 05: Market segments
  • 3.3 Market size 2020
    • 3.4 Market outlook: Forecast for 2020 - 2025
      • Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ million)
      • Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)

    4 Five Forces Analysis

    • 4.1 Five forces analysis
      • Exhibit 08: Five forces analysis 2020 & 2025
    • 4.2 Bargaining power of buyers
      • Exhibit 09: Bargaining power of buyers
    • 4.3 Bargaining power of suppliers
      • Exhibit 10: Bargaining power of suppliers
    • 4.4 Threat of new entrants
      • Exhibit 11: Threat of new entrants
    • 4.5 Threat of substitutes
      • Exhibit 12: Threat of substitutes
    • 4.6 Threat of rivalry
      • Exhibit 13: Threat of rivalry
    • 4.7 Market condition
      • Exhibit 14: Market condition - Five forces 2020

    5 Market Segmentation by End-user

    • 5.1 Market segments
      • Exhibit 15: End-user - Market share 2020-2025 (%)
    • 5.2 Comparison by End-user
      • Exhibit 16: Comparison by End-user
    • 5.3 Automotive industry - Market size and forecast 2020-2025
      • Exhibit 17: Automotive industry - Market size and forecast 2020-2025 ($ million)
      • Exhibit 18: Automotive industry - Year-over-year growth 2020-2025 (%)
    • 5.4 Heavy industry - Market size and forecast 2020-2025
      • Exhibit 19: Heavy industry - Market size and forecast 2020-2025 ($ million)
      • Exhibit 20: Heavy industry - Year-over-year growth 2020-2025 (%)
    • 5.5 Machine tools industry - Market size and forecast 2020-2025
      • Exhibit 21: Machine tools industry - Market size and forecast 2020-2025 ($ million)
      • Exhibit 22: Machine tools industry - Year-over-year growth 2020-2025 (%)
    • 5.6 Others - Market size and forecast 2020-2025
      • Exhibit 23: Others - Market size and forecast 2020-2025 ($ million)
      • Exhibit 24: Others - Year-over-year growth 2020-2025 (%)
    • 5.7 Market opportunity by End-user
      • Exhibit 25: Market opportunity by End-user

    6 Market Segmentation by Type

    • 6.1 Market segments
      • Exhibit 26: Type - Market share 2020-2025 (%)
    • 6.2 Comparison by Type
      • Exhibit 27: Comparison by Type
    • 6.3 Fluid power seals - Market size and forecast 2020-2025
      • Exhibit 28: Fluid power seals - Market size and forecast 2020-2025 ($ million)
      • Exhibit 29: Fluid power seals - Year-over-year growth 2020-2025 (%)
    • 6.4 Power transmission seals - Market size and forecast 2020-2025
      • Exhibit 30: Power transmission seals - Market size and forecast 2020-2025 ($ million)
      • Exhibit 31: Power transmission seals - Year-over-year growth 2020-2025 (%)
    • 6.5 Large diameter seals - Market size and forecast 2020-2025
      • Exhibit 32: Large diameter seals - Market size and forecast 2020-2025 ($ million)
      • Exhibit 33: Large diameter seals - Year-over-year growth 2020-2025 (%)
    • 6.6 Market opportunity by Type
      • Exhibit 34: Market opportunity by Type

    7 Customer landscape

    8 Geographic Landscape

    • 8.1 Geographic segmentation
      • Exhibit 36: Market share by geography 2020-2025 (%)
    • 8.2 Geographic comparison
      • Exhibit 37: Geographic comparison
    • 8.3 APAC - Market size and forecast 2020-2025
      • Exhibit 38: APAC - Market size and forecast 2020-2025 ($ million)
      • Exhibit 39: APAC - Year-over-year growth 2020-2025 (%)
    • 8.4 North America - Market size and forecast 2020-2025
      • Exhibit 40: North America - Market size and forecast 2020-2025 ($ million)
      • Exhibit 41: North America - Year-over-year growth 2020-2025 (%)
    • 8.5 Europe - Market size and forecast 2020-2025
      • Exhibit 42: Europe - Market size and forecast 2020-2025 ($ million)
      • Exhibit 43: Europe - Year-over-year growth 2020-2025 (%)
    • 8.6 South America - Market size and forecast 2020-2025
      • Exhibit 44: South America - Market size and forecast 2020-2025 ($ million)
      • Exhibit 45: South America - Year-over-year growth 2020-2025 (%)
    • 8.7 MEA - Market size and forecast 2020-2025
      • Exhibit 46: MEA - Market size and forecast 2020-2025 ($ million)
      • Exhibit 47: MEA - Year-over-year growth 2020-2025 (%)
    • 8.8 Key leading countries
      • Exhibit 48: Key leading countries
    • 8.9 Market opportunity by geography
      • Exhibit 49: Market opportunity by geography ($ million)

    9 Drivers, Challenges, and Trends

    • 9.1 Market drivers
      • 9.2 Market challenges
        • Exhibit 50: Impact of drivers and challenges
      • 9.3 Market trends

        10 Vendor Landscape

        • 10.1 Overview
          • Exhibit 51: Vendor landscape
        • 10.2 Landscape disruption
          • Exhibit 52: Landscape disruption
          • Exhibit 53: Industry risks

        11 Vendor Analysis

        • 11.1 Vendors covered
          • Exhibit 54: Vendors covered
        • 11.2 Market positioning of vendors
          • Exhibit 55: Market positioning of vendors
        • 11.3 A.W. Chesterton Co.
          • Exhibit 56: A.W. Chesterton Co. - Overview
          • Exhibit 57: A.W. Chesterton Co. - Product and service
          • Exhibit 58: A.W. Chesterton Co. - Key offerings
        • 11.4 AB SKF
          • Exhibit 59: AB SKF - Overview
          • Exhibit 60: AB SKF - Business segments
          • Exhibit 61: AB SKF- Key news
          • Exhibit 62: AB SKF - Key offerings
          • Exhibit 63: AB SKF - Segment focus
        • 11.5 Datwyler Holding Inc.
          • Exhibit 64: Datwyler Holding Inc. - Overview
          • Exhibit 65: Datwyler Holding Inc. - Business segments
          • Exhibit 66: Datwyler Holding Inc. - Key offerings
          • Exhibit 67: Datwyler Holding Inc. - Segment focus
        • 11.6 Freudenberg SE
          • Exhibit 68: Freudenberg SE - Overview
          • Exhibit 69: Freudenberg SE - Business segments
          • Exhibit 70: Freudenberg SE- Key news
          • Exhibit 71: Freudenberg SE - Key offerings
          • Exhibit 72: Freudenberg SE - Segment focus
        • 11.7 IDEX Corp.
          • Exhibit 73: IDEX Corp. - Overview
          • Exhibit 74: IDEX Corp. - Business segments
          • Exhibit 75: IDEX Corp. - Key offerings
          • Exhibit 76: IDEX Corp. - Segment focus
        • 11.8 James Walker Group Ltd.
          • Exhibit 77: James Walker Group Ltd. - Overview
          • Exhibit 78: James Walker Group Ltd. - Product and service
          • Exhibit 79: James Walker Group Ltd. - Key offerings
        • 11.9 Martin Fluid Power Co. Inc. and MFP Seals
          • Exhibit 80: Martin Fluid Power Co. Inc. and MFP Seals - Overview
          • Exhibit 81: Martin Fluid Power Co. Inc. and MFP Seals - Product and service
          • Exhibit 82: Martin Fluid Power Co. Inc. and MFP Seals - Key offerings
        • 11.10 Michelin Group
          • Exhibit 83: Michelin Group - Overview
          • Exhibit 84: Michelin Group - Business segments
          • Exhibit 85: Michelin Group- Key news
          • Exhibit 86: Michelin Group - Key offerings
          • Exhibit 87: Michelin Group - Segment focus
        • 11.11 Parker Hannifin Corp.
          • Exhibit 88: Parker Hannifin Corp. - Overview
          • Exhibit 89: Parker Hannifin Corp. - Business segments
          • Exhibit 90: Parker Hannifin Corp.- Key news
          • Exhibit 91: Parker Hannifin Corp. - Key offerings
          • Exhibit 92: Parker Hannifin Corp. - Segment focus
        • 11.12 Trelleborg AB
          • Exhibit 93: Trelleborg AB - Overview
          • Exhibit 94: Trelleborg AB - Business segments
          • Exhibit 95: Trelleborg AB - Key offerings
          • Exhibit 96: Trelleborg AB - Segment focus

        12 Appendix

        • 12.1 Scope of the report
          • 12.2 Currency conversion rates for US$
            • Exhibit 97: Currency conversion rates for US$
          • 12.3 Research methodology
            • Exhibit 98: Research Methodology
            • Exhibit 99: Validation techniques employed for market sizing
            • Exhibit 100: Information sources
          • 12.4 List of abbreviations
            • Exhibit 101: List of abbreviations

          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
          Technavio

          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
          Technavio

          TechnavioREPORT WRITING

          Qualitative

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

          Quantitative

          • Market size and forecast
          • Market segmentation
          • Geographical insights
          • Competitive landscape
          Interested in this report?
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          Machined Seals Market market growth will increase by $333.1 bn during 2021-2025.
          The machined seals market market is expected to grow at a CAGR of 2.12% during 2021-2025.
          Technavio has segmented the machined seals market market by end user (automotive industry, heavy industry, machine tools industry, and others) ,type (fluid power seals, power transmission seals, and large diameter seals) , and geography (APAC, North America, Europe, South America, and MEA).
          A.W. Chesterton Co., AB SKF, Datwyler Holding Inc., Freudenberg SE, IDEX Corp., James Walker Group Ltd., Martin Fluid Power Co. Inc. and MFP Seals, Michelin Group, Parker Hannifin Corp., Trelleborg AB are a few of the key vendors in the machined seals market market.
          APAC will register the highest growth rate of 48% among the other regions. Therefore, the machined seals market market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
          The key factors driving the machined seals market market growth are:
          • Increasing demand for machined seals in manufacturing industries
          • Growing focus towards additive manufacturing
          The machined seals market market vendors should focus on grabbing business opportunities from the automotive industry segment as it accounted for the largest market share in the base year.
          • What are the key global market and the regional market share?
          • What are the revenue-generating key market segments?
          • What are the key factors driving and challenging this market’s growth?
          • Who are the key market vendors and their growth strategies?
          • What are the latest trends influencing the growth of this market?
          • What are the variables influencing the market growth in the primary regions?
          • What are the factors influencing the growth of the parent market?
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          • Detailed vendors report with competitive landscape
          • Covid-19 impact and recovery analysis
          • Data on revenue-generating market segments
          • Details on the market shares of various regions
          • Five-force market analysis

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