"Catapult Your Business to Fore, Gain Competitive Advantage "

Axial and Radial Seals Market Size, Share & Industry Analysis, By Type (Axial, Radial), By Industry (Mining, Food & Beverage, Oil & Gas, Energy And Power, Aerospace, Marine, Construction, Others (Chemicals, Etc.)) and Regional Forecast, 2024-2032

Region : Global | Report ID: FBI103022 | Status : Ongoing

 

KEY INDUSTRY INSIGHTS

Axial and Radial Seals are the two major types of industrial seals. These seals have basic function of separating outer and internal media thus, they have major applications in various mechanical and industrial equipment by enhancing their performance. Axial and radial seals are used for static functions, aiding in optimising the movement machines. Axial seals are typically used as secondary seals although having a significant use as primary seals. The axial seals are used in face type applications and are comparatively easier to manufacture. Axial seals are classified into 4 types that are track pin seals, metal face seals, v-ring seals and axial clamp seals. All these types of seals have their own applications and benefits.


On the other hand, radial seals are installed in pistons, bores, caps and plug type applications. The radial seals are further classified into two major types such as, dynamic and static. The dynamic radial seals are installed where there is relative oscillating or rotating or reciprocating movement. Whereas, the static seals are deployed at places where there no relative motions. The radial seals have various functions such as, it helps in retaining the lubricant, separates two different substances, and are used under pressure.  Besides, both the seals i.e. axial and radial have various applications in numerous end-use industries such as, the type market is segmented based on the substance from which the sinks are made such as mining, food & beverage, oil & gas, energy and power, aerospace, marine, construction and various others.

Key Market Driver -

• Increasing Demand from Oil & Gas industry to Fuel the Market Growth • Application in Machines Used for Renewable Energy Production to Propel the Market Growth

Key Market Restraint -

• Degrading Quality of Elastomeric and Polymer Based Seals


Additionally, with new applications in the machines that are used for production of renewable energy are opening up new opportunities for the market. Also, to fulfil the increased demand of goods and products of various industries such as automobile, consumer electronics, medical equipment, etc. new machines are being installed. This is expected to boost the growth of the axial and radial seals market.

Key Players Covered:


Key players in the market have leading presence in the industrial seals market, resulting in their dominant share in the axial and radials seals market. Moreover, these players are expected to have significant expansion in their business owing to the robust business strategies such as targeting developing countries and economies for increased market share. Also, these companies are targeting to acquire local players in order to enhance their regional presence in various markets.

Some of the key competitors in the Axial and Radial Seals market include SKF (AB SKF), Flowserve Corporation, John Crane (Smiths Group plc), Trelleborg AB, EnPro Industries, Inc. (Garlock GmbH), Dover Corporation (Waukesha Bearings), SHV (ERIKS Group), Freudenberg SE, Tenneco Inc. (Federal-Mogul LLC), KLINGER Holding GmbH and Fenner Group Holdings Limited (Hallite Seals).

Regional Analysis


Asia Pacific is expected hold the largest market share along with the highest growth rate in the coming years. This is owed to the continuous increase in the investments done by the companies in the region to increase the production capacity. This increased production is supplemented by numerous manufacturers in the region producing these seals at relatively lower cost. Also, this region is the hotspots for the majority of the key players to gather enhanced market share. This is owed to the increased manufacturing activities in the countries such as China, India, Japan, & Korea. Moreover, Asia Pacific has the largest market of automobiles and electronics industry, which also stimulates the growth of the market.

Similarly, Middle East & Africa and Latin America is expected to be a prominent region for the growth of the Axial and Radial Seals market. This is owed to the presence of capital intensive companies, along with comparatively low cost of labour in the region with respect to Europe and North America. Having said that, Europe and North America has showed a steady growth with minimal changes in the market structure. Also, the companies in the market are shifting their manufacturing facilities at developing economies, thus this region is expected to exhibit minor volatility in the coming years.

The ongoing COVID-19 pandemic is expected to impact the market slightly for the year 2020 owing to the halt in the manufacturing activities across the globe. Other than this, the market will further broaden with increased manufacturing process with new technologies such as, automation, robotics, etc.

To gain extensive insights into the market, Request for Customization


Segmentation






















 ATTRIBUTE

 DETAILS

By Type



  • Axial

    • Track Pin Seals

    • Metal Face Seals

    • V-Ring Seals

    • Axial Clamp Seals



  • Radial

    • Dynamic

    • Static





By Industry



  • Mining

  • Food & Beverage

  • Oil & Gas

  • Energy And Power

  • Aerospace

  • Marine

  • Construction

  • Others (Chemicals, Etc.)



By Region



  • North America (U.S. and Canada)

  • Europe (UK, Germany, France, Italy and Rest of Europe)

  • Asia Pacific (Japan, China, India, Southeast Asia and Rest of Asia Pacific)

  • Middle East & Africa (GCC, South Africa and Rest of Middle East & Africa)

  • Latin America (Brazil, Mexico and Rest of Latin America)



Key Industry Developments


  • Jan 2020: KLINGER Holding GmbH acquired GPI. GPI is Texas based industrial sealing company. This acquisition will open up new region for the company to serve and enhance the market share.

  • November 2019: Trelleborg AB acquired Tritec Seal. Tritec Seal specializes in engineered (PTFE) polytetrafluoroethylene sealing products. The acquisition is a strategic decision to strengthen the company’s manufacturing capacity.


  • Ongoing
  • 2023
  • 2019-2022

    CHOOSE LICENSE TYPE

  • $4850
    $5850
    $6850

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization
Request Customization Banner

Machinery & Equipment Clients

Saint Gobain
Itochu
Toyota
Lek
Siemens

Client Testimonials

“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”

- U.S.-based biotechnology company focussing on treatment of chronic pain.

“Kudos to your team. Thank you very much for your support and agility to answer our questions.”

- Europe-based provider of solutions to automate data centre operations.

“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”

- India-based manufacturer of industrial and specialty intermediates with a strong global presence.

“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”

- One of the largest cosmetics company in the world.

“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”

- U.S. based startup operating in the cultivated meat market.

“We received the below report on the U.S. market from you. We were very satisfied with the report.”

- Global hearing aids manufacturer.

“I just finished my first pass-through of the report. Great work! Thank you!”

- U.S. based solar racking solutions provider.

“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”

- World’s leading advisory firm.

“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”

- Germany based machine construction company.

“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”

- Japanese manufacturing company of stationery products.

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.
X