Press release
Global Hydraulic Seals Market to grow at a CAGR of 6.14% during the period 2017-2021
About Hydraulic Seals
Hydraulic seals are used to secure openings between components of hydraulic cylinders. These sealants block or separate fluids during reciprocating motions in machineries. Hydraulic seals are mostly non-metallic rings. The global gaskets and seals market is expected to grow in tandem with the development of process automation in industries. Seals and gaskets are considered as vital components in machineries. This is because they provide protection from the leakage of fluids or gas and maintains energy efficiency.
Technavios analysts forecast the global hydraulic seals market to grow at a CAGR of 6.14% during the period 2017-2021.
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Covered in this report
The report covers the present scenario and the growth prospects of the global hydraulic seals market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
Technavio's report, Global Hydraulic Seals Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
Freudenberg
Kastas Sealing Technologies
Parker Hannifin
SKF
Trelleborg Group
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Other prominent vendors
All Seals
Chesterton
Evco Seals
James Walker
MSP Seals
Max Spare
GARLOCK
Essentra
Market driver
Increasing demand from automotive industry
For a full, detailed list, view our report
Market challenge
Adhesives and sealants can be used instead of hydraulic seals
For a full, detailed list, view our report
Market trend
Emerging online tools to make functioning of seals easier
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
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Table of Contents
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: MARKET LANDSCAPE
Market ecosystem
Market characteristics
Market segmentation analysis
PART 05: MARKET SIZING
Market definition
Market sizing 2016
Market size and forecast 2016-2021
PART 06: FIVE FORCES ANALYSIS
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market condition
PART 07: MARKET SEGMENTATION BY PRODUCT
Segmentation by product
Comparison by product
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Increase in production of shale gas in developing and developed countries is a major factor driving the growth of the market. New oil and gas exploration activities, coupled with extensive investments in refineries and pipelines is escalating the growth of the global mechanical seals market. Moreover, introduction of new technologies is also a major element boosting the overall growth of the global mechanical seals market.
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