Construction Equipment Seals Market is Forecasted to Reach US$ 4.5 billion in 2027, Says Stratview Research

The global construction equipment seals market is projected to witness a growth rate of 3.8% annually from 2022 to 2027, with an anticipated size of US$ 4.5 billion by 2027, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global construction equipment seals market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

Click here to get a free sample of the report:
https://www.stratviewresearch.com/Request-Sample/2919/construction-equipment-seals-market.html#form

Report Highlights:
Market Size in 2027: US$ 4.5 billion
Growth (CAGR): 3.8% during 2022-2027
Forecast Period: 2022-2027
Trend Period: 2016-2020
Base Year: 2021
Number of Segments Covered: 5
Number of Tables & Graphs: 100+

Segment Insights on the Construction Equipment Seals Market:
The global construction equipment seals market is segmented based on application type, product type, material type, motion type, and region.

Based on application type - The construction equipment seals market is segmented as excavators, cranes, construction logistic vehicles, dozers, tunneling & boring equipment, and others. Excavator is expected to remain the largest, whereas cranes to be the fastest-growing segment of the market during the forecast period. Excavators are heavy earth-moving equipment with a bucket, arm, rotating cab, and tracks. They have a lot of static and dynamic parts, including many different kinds of seals.

Based on the product type - The market is segmented as O-rings, gaskets, energized seals, lip seals, mechanical seals, and others. Energized seals are expected to remain the most dominant seal type, whereas lip seals to be the fastest-growing product type in the market during the forecast period. Energized seals serve the same purpose as traditional O-rings. In addition, they also provide a higher level of leak protection than O-rings. Because of the abundance of hydraulic/linear applications (cylinders, valves, unions, and transmissions), there is a high demand for energized seals in construction equipment.

Based on the material type - The market is segmented into elastomeric seals, thermoplastic seals, and metallic seals. Thermoplastic seals are expected to be the fastest-growing segment of the market during the forecast period. Because of their superior properties such as strength, stiffness, and toughness, they are the most desirable material for high-performance applications.

To know the most attractive segments, visit:
https://www.stratviewresearch.com/2919/construction-equipment-seals-market.html

Which Region Shows the Most Promising Growth Forecast and Opportunity?

The analysis suggests that North America is expected to remain the biggest market, whereas Asia-Pacific is the fastest-growing market during the forecast period. This growth outlook is majorly attributed to the following-
- Most seals suppliers have their presence in the USA to address the emergent needs of OEMs (Caterpillar Inc., Komatsu Ltd., and John Deere).
- The massive production of construction equipment by global players in the North American region creates a huge demand for seals at the OE level, whereas the Asia-Pacific region's rapid growth is due to the substantial demand for seals at the aftermarket level.

Construction Equipment Seals Market Drivers:

Some of the key drivers listed in the report are given below.
- Seals are the major components used in different engine sections where high-temperature resistance and excellent corrosion resistance are critical.
- Seals also serve to contain pressure, maintain vacuums, and prevent unwanted particles from accumulating in hydraulic applications.
- The selection of material is dependent on several parameters such as temperature resistance, lightweight, durability, and strength.
- Thermoplastics are gaining traction in the market, driven by their significant advantages over other materials.

Top Companies in the Construction Equipment Seals Market:
Stratview Research has identified the following companies as the top market players (Based on Dominance).
• AB SKF
• ElastoProxy Inc.
• EnPro Industries
• Freudenberg Group
• Greene Tweed & Co., Inc.
• Hutchinson SA
• James Walker & Co.
• NAK Sealing Technologies
• SSP Manufacturing Inc.
• Trelleborg AB

What Unique Insights Does this Report Offer?

This report provides comprehensive insights into the Construction Equipment Seals Market, answering critical questions like:

• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?

For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - sales@stratviewresearch.com

Related Reports:

• O-Rings Market: https://www.stratviewresearch.com/2951/o-rings-market.html

• Gaskets Market: https://www.stratviewresearch.com/2917/gaskets-market.html

400 Renaissance Center, Suite 2600,
Detroit, Michigan, MI 48243
United States of America

Website: www.stratviewresearch.com
Mail Us: sales@stratviewresearch.com
Press: media@stratviewresearch.com

Call Us: +13133074176

Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.

This release was published on openPR.