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The pneumatic seal market is estimated to grow at a CAGR of 5.73% between 2022 and 2027. The size of the market is forecast to increase by USD 40.23 million. The growth of the market depends on several factors, including the increase in the application of pneumatics in food processing, the rising stringent regulations, and the high demand for pneumatic seals in the water and wastewater industry.
This report extensively covers market segmentation by application (equipment manufacturing, automobile, shipping 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.
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Technavio categorizes the global pneumatic seal market as a part of the global industrial machinery market. The parent, the 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.
The increase in the application of pneumatics in food processing is notably driving the pneumatic seal market growth, although factors such as growing demand for electromechanical equipment 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 Pneumatic Seal Market Driver
The increase in the application of pneumatics in food processing is a key factor driving the global pneumatic seal market growth. The food processing industry is installing more pneumatic equipment as it is cleaner than other devices like hydraulic and other mechanical equipment. Hydraulic equipment involves the chances of hydraulic fluid leak, which may even spread into the product line, thus affecting the entire production.
The use of pneumatic equipment in the food processing industry has been strengthened mainly by the US Food and Drug Administration's rules that were initiated in November 2015 as part of the Food Safety Modernization Act. These regulations impose stringent requirements for hygiene and decontamination that will compel packagers and suppliers to comply with the requirements for proper equipment cleaning with the latest cleaning chemicals. Therefore, key pneumatic seal suppliers are expanding their product offerings to allow equipment manufacturers to provide corrosion-resistant construction materials such as stainless steel. Therefore, the increase in pneumatic applications in the food processing industry will drive the growth of the global pneumatic seal market during the forecast period.
Key Pneumatic Seal Market Trend
High-performance pneumatics will fuel the global pneumatic seal market growth. The incorporation of servo-pneumatic equipment results in a more precise and smoother operation than conventional pneumatics, making it as good and effective as electromechanical equipment. These benefits are possible with the use of special motion control capabilities that are designed specifically for pneumatic motion regulation and integrating it with other high-performance components, such as Low-static friction cylinders, Servo valves, and Feedback sensors.
The multiple-axis motions are controlled with the integration of high-performance motion controllers. These controllers operate on multiple feedback and regulate the movement of the piston. For instance, the RMC motion controllers can coordinate eight motion axes along with their feedback and mathematically predict the feedback values. These advances will further drive the growth of the global pneumatic seal market during the forecast period.
Key Pneumatic Seal Market Challenge
The growing demand for electromechanical equipment is the major challenge to the global pneumatic seal market growth. Electromechanical equipment is gaining importance over pneumatic equipment due to growing concerns about environmental issues and the high energy consumption of pneumatic equipment. Pneumatic equipment employs lubricants to reduce friction between the piston and cylinder, and these lubricants are potential environmental pollutants. Besides this, all the air pressure that is applied to a pneumatic system must also be eventually released. But this air is exhaust gas, which is similar to the exhaust from an automobile engine and has to be treated due to the pollution that it can cause. Thus, these concerns add to the cost of installing and maintaining an exhaust treatment system.
The growing number of environmental regulations imposed by governments will lead to the replacement of pneumatic equipment with electromechanical equipment. The rise in the stringency of environmental regulations, such as the US EPA's regulations on energy consumption in industries and energy price rise, will result in pneumatic equipment being replaced with electromechanical equipment. Such factors are expected to negatively impact the growth of the global pneumatic seal market during the forecast period.
Key Pneumatic Seal Market Customer Landscape
Our analysis of the Life Cycle of the Global pneumatic seal market from the innovator’s stage to the laggard’s stage. The report illustrates the lifecycle of the global pneumatic seal market, focusing on the adoption rates of the major regions such as the US, China, India, Russia, and the UK. 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 Pneumatic Seal Market Customer Landscape
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
Chesterton.com - The company offers pneumatic seals such as rod seals, wiper seals, and piston seals. Under this segment, the company offers sealing solutions for rotating equipment such as pumps, turbines, mixers, and cooling fans amongst others.
We also have detailed analyses of the market’s competitive landscape and offer information on 20 market vendors, such as
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.
The market share growth by the equipment manufacturing segment will be significant during the forecast period. The transition of power industries to using renewable sources to generate energy has been contributing to the growth of the global pneumatic seal market. This is because this shift requires new process setups, which, in turn, increases the demand for pneumatic seals for equipment manufacturing. Pneumatic seals are extensively adopted in equipment manufacturing for their significant advantage in providing leakage protection control. Adverse industrial conditions in equipment manufacturing augment the harsh conditions faced by equipment. These conditions also contribute to early wear-out of the equipment, which will enhance the demand for pneumatic seals. This, in turn, will positively impact the growth of the equipment manufacturing of the automobile shipping segment of the global pneumatic seal market during the forecast period.
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The pneumatic cylinders segment showed a gradual increase in market share, from USD 63.19 million in 2017 and continued to grow by 2021. Pneumatic cylinders play a vital role in factory automation by easing maintenance and providing good control over machine movements in industrial plants. These are some of the factors that drive the demand for pneumatic cylinder seals in the global pneumatic seal market. Pneumatic cylinders are widely used in the automotive, oil and gas, food and beverage, and aerospace industries. Thus, the rise in the use of pneumatic cylinders in these industries is expected to increase the demand for pneumatic cylinders. This is expected to increase the demand for pneumatic seals in the global pneumatic seal market. Furthermore, our report provides a brief analysis of historical and forecast market share and their segment along with their reasons for growth from 2017 to 2027.
The growth of this segment is primarily attributed to the increasing adoption of Pneumatic Seals by residential consumers, which is driven by changing lifestyles and a growing preference for comfort.
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APAC is projected to contribute 46% by 2027. Our analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. APAC is expected to grow during the forecast period.
China, India, Japan, and Australia are the major revenue-generating countries in the pneumatic seal market in APAC. China, despite being the fastest-growing energy market in the world, is witnessing a slowdown in the growth of the oil and gas industry due to the tax imposed on the oil imported from the US. However, the Chinese Government is taking necessary actions to increase foreign investments by oil and gas companies by removing the need to form a joint venture to set up production facilities in China. Such actions are expected to increase investments in oil and gas production in China, which will subsequently drive the demand for pneumatic seals.
This report forecasts the contribution of all the segments to the growth of the market. In addition, we have included the COVID-19 impact and the recovery strategies for each segment. COVID-19 led to a decline in demand in APAC. In 2020, the growth of the regional market in focus witnessed a decline owing to the COVID-19 outbreak. Countries such as China, Japan, South Korea, and India were severely affected by the pandemic. The governments of several countries in APAC introduced emergency legislation that imposed restrictions on business activities and social gatherings. While a few essential industries, such as food and beverage and pharmaceuticals, continued to operate at the usual utilization rates, most industrial activities, particularly those connected to the manufacturing, oil and gas, chemical, and other industries/sectors, witnessed a decline in output, thus hampering the demand for pneumatic seals in the region in 2020. However, the resumption of end-user activities due to the rapid vaccination drives helped the regional market in focus recover in 2021. Vendors started operating with social distancing norms, which positively impacted the growth of the regional market in focus in 2021. Thus, the regional pneumatic seal market is expected to witness moderate growth during the forecast period, owing to increasing demand for wastewater treatment and the automotive industries.
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.
Pneumatic Seal Market Scope |
|
Report Coverage |
Details |
Page number |
166 |
Base year |
2022 |
Historical year |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.73% |
Market growth 2023-2027 |
$40.23 million |
Market structure |
Fragmented |
YoY growth (%) |
4.56 |
Regional analysis |
APAC, Europe, North America, South America, and the Middle East and Africa |
Performing market contribution |
APAC at 46% |
Key consumer countries |
US, China, India, Russia, and UK |
Competitive landscape |
Leading companies, Competitive Strategies, Consumer engagement scope |
Key companies profiled |
A.W. Chesterton Co., AB SKF, AccroSeal, All Seals Inc., Allied Metrics Seals & Fasteners Inc., AS Aston Seals S.P.A., France Joint SAS, Freudenberg SE, Ge Mao Rubber Industrial Co. Ltd., GMN Paul Muller Industrie GmbH & Co. KG, Hallite Seals International Ltd., IDEX Corp., Kastas Sealing Technology, M.Barnwell Services Ltd., Max Spare Ltd., OZ Seals Pty Ltd., Parker Hannifin Corp., T LON Products Inc., Trelleborg AB, and EnPro Industries Inc. |
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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