Enjoy complimentary customisation on priority with our Enterprise License!
The rotary seals market share is projected to increase to USD 1.97 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 5.23%.
The rotary seals market report offers information on key market vendors that include A.W. Chesterton Co., AB SKF, CinchSeal, EnPro Industries Inc., ERIKS Seals and Plastics Inc., Freudenberg SE, Gallagher Fluid Seals Inc., Greene Tweed and Co., Hallite Seals International Ltd., James Walker Group Ltd., Kalsi Engineering Inc., Kaman Corp., Max Spare Ltd., NOK Asia Co. Pte. Ltd., Parker Hannifin Corp., Seal and Design Inc., Spareage Sealing Solutions, System Seals Inc., Techne SA, and Trelleborg AB among others.
This rotary 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 rotary seals market segmentations by the following:
Download the Free Report Sample to Unlock the Rotary Seals Market Size for the Forecast Period and Other Important Statistics
Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The high demand for rotary seals in the water and wastewater industry is notably driving the rotary seals market growth, although factors such as frequent failures with rotary seals may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the rotary seals industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Rotary Seals Market Driver
One of the key factors driving the global rotary seals market growth is the high demand for rotary seals in the water and wastewater industry. This can be attributed to the growing population, increased manufacturing activities, and rise in oil and gas production. The growing production activities in these manufacturing industries will require adherence to stringent environmental regulations and water conservation norms. To meet the rising demand, the governments of many countries have established new water treatment plants along with the replacement of old ones, resulting in increased demand for rotary seals. For instance, in December 2021, the EIB announced an investment of over USD 20 million in the construction of a new wastewater treatment plant in Mitrovica, Kosovo. The project will provide sanitation services to over 213,000 people. Therefore, with the growth of the water and wastewater industry in most major developing nations, there will be a huge demand for mechanical seals during the forecast period.
Key Rotary Seals Market Trend
Use of superior quality raw materials is one of the key rotary seals market trends that is expected to impact the industry positively in the forecast period. The rotary seals are designed for adverse environmental conditions and temperatures, ranging from -32degree F to 1,832 degrees F. Aluminum, Monel, and copper are also used as metal covers, while expanded graphite is used as a filler material. Currently, high-quality raw materials, such as rubber, silicone, aramid fiber, carbon fiber, cellulose fiber, glass fiber, and mineral fiber, are preferred for manufacturing non-metallic rotary seals as they have high tensile power, durability, stability, and resistance to chemicals and acids to extends the operational life of seals.
Key Rotary Seals Market Challenge
One of the key challenges to the global rotary seals market growth is the frequent failures with rotary seals. Rotary seals generally act as a barometer for the pump and help in its maintenance, enabling the operator to understand the condition of the pump on which the seal is installed. Thus, the operator must select the appropriate seal and should also verify that its installation is error-free. The following are some reasons that lead to the failure of rotary seals:
This rotary 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 2022-2026.
For more insights on the market share of various regions Request for a FREE sample now!
45% of the market's growth will originate from APAC during the forecast period. China, India, Japan, and Russia are the key markets for rotary seals in APAC. Market growth in this region will be faster than the growth of the market in North America, Europe, and MEA.
The rising demand from end-users such as the water and wastewater industries, as well as the residential sector constructions and increase in incentives to domestic companies will facilitate the rotary 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
In 2020, the market in focus witnessed a decline owing to the COVID-19 outbreak. Countries such as China, Japan, South Korea, and India have been severely affected by the pandemic. The governments of several countries in APAC introduced emergency legislation that imposed restrictions on business activities and social gatherings. However, the resumption of end-user activities followed by rapid vaccination drives helped the regional market to recover in 2021. Vendors started operating with social distancing norms, which positively impacted the regional market in 2021. Thus, the regional market is expected to witness moderate growth during the forecast period, owing to increasing demand for wastewater treatment and the automotive industries.
To gain further insights on the market contribution of various segments Request for a FREE sample
The rotary seals market share growth by the oil and gas segment will be significant during the forecast period. The significant increase in investments in oil and gas production facilities and the expansion of oil and gas pipelines are expected to drive the demand for rotary seals in the forecast years.
This report provides an accurate prediction of the contribution of all the segments to the growth of the rotary seals market size and actionable market insights on post COVID-19 impact on each segment.
Technavio categorizes the global rotary 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 rotary seals 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 rotary seals market encompasses successful business strategies deployed by the key vendors. The rotary seals market is fragmented and the vendors are deploying growth strategies such as innovation 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 rotary 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.
Our report provides extensive information on the value chain analysis for the rotary 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.
|
Rotary Seals Market Scope |
|
|
Report Coverage |
Details |
|
Page number |
120 |
|
Base year |
2021 |
|
Forecast period |
2022-2026 |
|
Growth momentum & CAGR |
Accelerate at a CAGR of 5.23% |
|
Market growth 2022-2026 |
$ 1.97 billion |
|
Market structure |
Fragmented |
|
YoY growth (%) |
4.56 |
|
Regional analysis |
APAC, Europe, North America, Middle East and Africa, and South America |
|
Performing market contribution |
APAC at 45% |
|
Key consumer countries |
US, China, India, Japan, and Russia |
|
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
|
Key companies profiled |
A.W. Chesterton Co., AB SKF, CinchSeal, EnPro Industries Inc., ERIKS Seals and Plastics Inc., Freudenberg SE, Gallagher Fluid Seals Inc., Greene Tweed and Co., Hallite Seals International Ltd., James Walker Group Ltd., Kalsi Engineering Inc., Kaman Corp., Max Spare Ltd., NOK Asia Co. Pte. Ltd., Parker Hannifin Corp., Seal and Design Inc., Spareage Sealing Solutions, System Seals Inc., Techne SA, 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 |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by End-user
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 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
Certified ISO 9001 : 2015
We are ISO 9001:2015 recognized that ensures quality services and product delivery to our clients.
We are GDPR and CCPA compliant! Your transaction & personal information is protected from unauthorized use.
Get lifetime access to our
Technavio Insights
Customized Report as per your Business Needs
Let us help you make report more suited to your requirements.
Get the report (PDF) sent to your email within minutes.
