The Power Transmission Seals market is projected to witness a significant growth during the forecast period. Rapid developments in the automotive industry is the major factor driving the growth of the Power Transmission Seals market. Moreover industrial scenario drives the demand for equipment and machinery and fuel the growth of power transmission seals market in this region.
Additionally, the demand for new and improved vehicles is also growing globally as the spending capacity of the people here is growing exponentially. These factors are likely to drive the demand for power transmission seals market.
However, price volatility, and stringent regulatory barriers are likely to hinder the growth of the Power Transmission Seals market during the forecast period..
Covid-19 Impact on Power Transmission Seals Market:
The intensity of COVID-19 impact on the construction and manufacturing sector is immense compared to other sectors. With the immediate actions taken to curb the spread of the infection, restrictions were imposed on manufacturing, personnel transport, and construction activities. These restrictions caused huge losses to the sector. As most construction sites in several countries shut down and many sites that reopened have faced disrupted supply chains and operational restrictions. A recently published stats show the overall construction and manufacturing industry is about to drop by 15 to 35% which is going to directly affect nations GDP.
Power Transmission Seals Market Segment Overview
By type, the global power transmission seals market is segmented into radial shaft seals, metal face seals, v-ring seals, axial clamp seals, cassette seals, and track pin seals. The Radial Shaft Seals segment is expected to dominate the market by holding largest market share in 2019. Increase in usage and rapid development is the major factor driving the growth of Radial Shaft in the Power Transmission Seals market.
By application, the global power transmission seals market is segmented into heavy machinery industry, machine tools industry, and automotive industry. The Heavy Machinery Industry segment is expected to dominate the market by holding largest market share in 2019. The growth is attributed to the increasing automotive industry, growing demand for heavy machinery and increasing awareness of maintaining these heavy machinery are some of the additional factors driving the demand for power transmission seals globaly.
Market Analysis, Insights and Forecast – By Type
· Radial Shaft Seals
· Metal Face Seals
· V-Ring Seals
· Axial Clamp Seals
· Cassette Seals
· Track Pin Seals
Market Analysis, Insights, and Forecast – By Application
· Heavy Machinery Industry
· Machine Tools Industry
· Automotive Industry
Power Transmission Seals Market Regional Overview
The regional analysis include adoption of Power Transmission Seals products across North America, Europe, Asia-Pacific (APAC), Latin America Middle East & Africa (MEA). In 2020, Asia-Pacific dominated the market and is expected to grow with the highest CAGR in the forecasted period. Asia-Pacific is one of the lucrative markets that provide significant growth opportunities to the emerging as well as established players operating in the power transmission seals market. The industrial sector in this region growing at a rapid pace which has increased the demand for products that would help protect the small and big equipment and machinery that maintains the efficiency of the manufacturing process.
Additionally, various players are expanding their presence in this region as this region is a hub for manufacturing sector and also has low cost labor available to increase the production capacity.
Power Transmission Seals Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Power Transmission Seals Market Competitor overview
Some key developments and strategies adopted by manufacturers in the Power Transmission Seals are highlighted below.
· In June 2019, Freudenberg Sealing Technologies introduced several new materials and sealing innovations at the 2019 International Paris Air Show.
Power Transmission Seals Market, Key Players
· SKF
· Freudenberg Sealing Technologies
· Trelleborg AB
· Parker Hannifin
· Minnesota Rubber & Plastics
· Ace Seal, LLC
· Allied Metrics Seals & Fasteners, Inc.
· T-Bird Group
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Power Transmission Seals Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Type
- 5.2.1. Radial Shaft Seals
- 5.2.2. Metal Face Seals
- 5.2.3. V-Ring Seals
- 5.2.4. Axial Clamp Seals
- 5.2.5. Cassette Seals
- 5.2.6. Track Pin Seals
- 5.3. Market Analysis, Insights, and Forecast – By Application
- 5.3.1. Heavy Machinery Industry
- 5.3.2. Machine Tools Industry
- 5.3.3. Automotive Industry
- 5.4. Market Analysis, Insights and Forecast – By Region
- 5.4.1. North America
- 5.4.2. Europe
- 5.4.3. Asia Pacific
- 5.4.4. Latin America, Middle East, and Africa
6. North America Power Transmission Seals Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Type
- 6.2.1. Radial Shaft Seals
- 6.2.2. Metal Face Seals
- 6.2.3. V-Ring Seals
- 6.2.4. Axial Clamp Seals
- 6.2.5. Cassette Seals
- 6.2.6. Track Pin Seals
- 6.3. Market Analysis, Insights, and Forecast – By Application
- 6.3.1. Heavy Machinery Industry
- 6.3.2. Machine Tools Industry
- 6.3.3. Automotive Industry
- 6.4. Market Analysis, Insights, and Forecast – By Application
- 6.4.1. Automotive
- 6.4.2. Healthcare
- 6.4.3. Industrial
- 6.4.4. Sporting Goods
- 6.4.5. Others
- 6.5. Market Analysis, Insights and Forecast – By Country
- 6.5.1. U.S.
- 6.5.2. Canada
7. Europe Power Transmission Seals Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Type
- 7.2.1. Radial Shaft Seals
- 7.2.2. Metal Face Seals
- 7.2.3. V-Ring Seals
- 7.2.4. Axial Clamp Seals
- 7.2.5. Cassette Seals
- 7.2.6. Track Pin Seals
- 7.3. Market Analysis, Insights, and Forecast – By Application
- 7.3.1. Heavy Machinery Industry
- 7.3.2. Machine Tools Industry
- 7.3.3. Automotive Industry
- 7.4. Market Analysis, Insights and Forecast – By Country
- 7.4.1. UK
- 7.4.2. Germany
- 7.4.3. France
- 7.4.4. Italy
- 7.4.5. Spain
- 7.4.6. Russia
- 7.4.7. Rest of Europe
8. Asia Pacific Power Transmission Seals Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Type
- 8.2.1. Radial Shaft Seals
- 8.2.2. Metal Face Seals
- 8.2.3. V-Ring Seals
- 8.2.4. Axial Clamp Seals
- 8.2.5. Cassette Seals
- 8.2.6. Track Pin Seals
- 8.3. Market Analysis, Insights, and Forecast – By Application
- 8.3.1. Heavy Machinery Industry
- 8.3.2. Machine Tools Industry
- 8.3.3. Automotive Industry
- 8.4. Market Analysis, Insights and Forecast – By Country
- 8.4.1. China
- 8.4.2. India
- 8.4.3. Japan
- 8.4.4. Australia
- 8.4.5. South East Asia
- 8.4.6. Rest of Asia Pacific
9. Latin America, Middle East, and Africa Power Transmission Seals Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Type
- 9.2.1. Radial Shaft Seals
- 9.2.2. Metal Face Seals
- 9.2.3. V-Ring Seals
- 9.2.4. Axial Clamp Seals
- 9.2.5. Cassette Seals
- 9.2.6. Track Pin Seals
- 9.3. Market Analysis, Insights, and Forecast – By Application
- 9.3.1. Heavy Machinery Industry
- 9.3.2. Machine Tools Industry
- 9.3.3. Automotive Industry
- 9.4. Market Analysis, Insights and Forecast – By Country
- 9.4.1. Brazil
- 9.4.2. Saudi Arabia
- 9.4.3. UAE
- 9.4.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2020
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. SKF
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. Freudenberg Sealing Technologies
- 10.6. Trelleborg AB
- 10.7. Parker Hannifin
- 10.8. Minnesota Rubber & Plastics
- 10.9. Ace Seal, LLC
- 10.10. Allied Metrics Seals & Fasteners, Inc.
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
