The hydraulic seals market was valued at US$ 3,950.09 million in 2019 and is projected to reach US$ 5,770.71 million by 2027; it is expected to grow at a CAGR of 4.9% from 2020 to 2027.
Hydraulic seals are highly preferred by various end-user industries and are broadly used in hydraulic transmission systems. This is due to the numerous advantages offered by hydraulic sealing systems in providing efficient leakage protection control. Hydraulic seals are critical in machinery equipment. Process industries have unfavorable conditions that generally deteriorate the material of the equipment. These conditions have forced the vendors to manufacture hydraulic seals with high-quality materials that can withstand heavy-duty operations. Hydraulic seals are highly recognized for their excellent sealing ability in oil and pressure systems. Hydraulic seal prohibits dirt from entering any part of the internal mechanical system and thereby prevents contamination.
North America is estimated to register the fastest CAGR in the Hydraulic Seals market over the forecast period. Several domestic and multinational companies in the hydraulic seals market already have a strong foothold in North American countries like the U.S. and Canada. Hydraulic seals are employed throughout aircraft hydraulic systems to reduce the internal and external leakage of hydraulic fluid. They prevent the loss of system pressure. The increased utilization of hydraulics and pneumatics in aircraft systems has stimulated the aerospace industry's adoption of hydraulic seals. Manufacturers in the region are striving to provide innovative products to their customers and thereby to gain a huge share in the market. For instance, in 2020, Greene Tweed, a global manufacturer of high-performance seals located in the U.S, introduced its new L-Cap seal for hydraulic systems in aerospace applications. Made with proprietary Avalon PTFE, Arlon PEEK, and elastomer materials, the new L-Cap seal is anticipated to exceed industry standards for performance and durability, minimal fluid leakage, ensuring long service life, and excellent performance across a wide temperature range.
The ongoing COVID-19 pandemic has altered the status of the hydraulic seals industry. The chemical & materials is one of the major industries suffering serious disruptions such as supply chain breaks, technology events cancellations, and office shutdowns. As much as the outbreak has distorted operational efficiency and disrupted the value chains due to the sudden shutdown of national and international boundaries, it has also positively impacted the demand for hydraulic seals. However, as the economies are planning to revive their operations, the demand for hydraulic seals is expected to rise globally in the coming months. Although, the focus over just-in-time production is another factor hindering the hydraulic seals market growth. Also, the increasing prevalence of COVID-19 cases is likely to grow the demand for hydraulic seals during the forecast period. Further, significant investments by prominent companies in the development of advanced products is, yet, another factor supporting the market growth
Geographic Overview of Hydraulic Seals Market
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Market Insights
Innovations in Hydraulic Seals Industry
Key players in hydraulic seals market are designing innovative seals with high-quality materials and also to capture a fair amount of market share. The hydraulic seals market consists of several well-established players. Moreover, these companies are also offering innovative hydraulic seals to their customers. For instance, In February 2019, Parker Hannifin Corp launched a new taiyo compact hydraulic seal, which protects the primary hydraulic cylinder by decreasing the chance of the piston contacting the body. In September 2018, Trelleborg Group developed innovative materials for hydraulic seals, and these seals can be utilized to secure high performance cylinders under critical conditions. In February 2018, SKF introduced Scotseal X-Treme, a customized seal that can be exploited in several lightweight applications. Likewise, in 2020, Greene Tweed, a global manufacturer of high-performance seals located in the U.S, introduced its new L-Cap seal for hydraulic systems in aerospace applications. Made with proprietary Arlon PEEK, Avalon PTFE, and elastomer materials, the new L-Cap seal is anticipated to exceed industry standards for performance and durability, minimal fluid leakage, ensuring long service life, and excellent performance across a wide temperature range. Furthermore, with the rising need for efficient leakage protection in hydraulic cylinders, the hydraulic seals market is anticipated to witness numerous new entrants in the near future. In order to survive in the competition and retain market share, major players are focusing on offering personalized solutions to their clients, along with expanding their services.
Product-Based Insights
The hydraulic seals market, based on product, is segmented into wiper seals, piston seals, rod seals, buffer seals, and others. The piston seals segment is considered to be one of the lucrative segments in the hydraulic seals market and is expected to grow at the fastest rate in the forecasted period. Piston seals are also known as piston rings and are usually categorized as single acting (pressure acting on one side only) and double acting (pressure acting on both sides) seals. Piston seals maintain contact with the seal in a sliding motion between the piston and the cylinder bore. Differential forces acting on a piston for the extension or retraction of the piston rod may be more than 400 bar (5 800 psi). The pressure acting on the seal of the piston raises the contact forces between the piston seal and the surface of the cylinder. Hence, the surface properties of the sealing surfaces are crucial to the proper seal efficiency
Global Hydraulic Seals Market, by Function – 2019 and 2027
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Application -Based Insights
The hydraulic seals market, based on application, is segmented into automotive, aerospace, agriculture, chemical, marine, and others. The automotive segment is considered to be one of the lucrative segments in the hydraulic seals market and is expected to grow at the fastest rate in the forecasted period. Hydraulic seals have many interesting uses in the automotive industry. Most significant work is focused on the theory of hydraulics. Power steering, shock absorbers, windshields, and brakes are typical applications of hydraulics in automobiles. Moreover, in the automotive industry, hydraulic seals are used to prevent leakage, exclude contaminants, contain pressure, or reduce friction. Hydraulic action necessary in automobiles depends on O-rings (hydraulic seals). Here the seals act as generators of energetic material for the hydraulic activity of the wipers. Further, the O-rings hydraulic seals are used for braking circuits, lubricant circuits, and air-conditioning systems. Furthermore, increased use of hydraulic seals in electric and light commercial vehicles to meet strict emission regulations is expected to boost demand for hydraulic seals during the forecast period.
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Hydraulic Seals Market: Strategic Insights
Market Size Value in US$ 3,950.09 Million in 2019 Market Size Value by US$ 5,770.71 Million by 2027 Growth rate CAGR of 4.9% from 2020-2027 Forecast Period 2020-2027 Base Year 2020
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Hydraulic Seals Market: Strategic Insights
| Market Size Value in | US$ 3,950.09 Million in 2019 |
| Market Size Value by | US$ 5,770.71 Million by 2027 |
| Growth rate | CAGR of 4.9% from 2020-2027 |
| Forecast Period | 2020-2027 |
| Base Year | 2020 |
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A few key players operating in the global hydraulic seals market are Freudenberg Sealing Technologies, Parker Hannifin Corp, Trelleborg Sealing Solutions, SKF, and A.W. Chesterton Company. Major market players are focused on strategies such as mergers and acquisitions, and product launches to increase their geographical presence and consumer base globally.
Report Spotlights
- Progressive industry trends in the hydraulic seals market help players develop effective long-term strategies
- Business growth strategies adopted by developed and developing markets
- Quantitative analysis of the hydraulic seals market from 2017 to 2027
- Estimation of hydraulic seals demand across various industries
- PEST analysis to illustrate the efficacy of buyers and suppliers operating in the industry to predict market growth
- Recent developments to understand the competitive market scenario and hydraulic seals demand
- Market trends and outlook coupled with factors driving and restraining the growth of the hydraulic seals market
- Understanding of strategies that underpin commercial interest with regard to hydraulic seals market growth, which facilitates decision-making process for stakeholders
- Hydraulic seals market size at various nodes of market
- Detailed overview and segmentation of the hydraulic seals market, as well as its dynamics in the industry
Global Hydraulic Seals Market – by Product
- Wiper Seals
- Piston Seals
- Rod Seals
- Buffer Seals
- Others
Global Hydraulic Seals Market – by Application
- Automotive
- Aerospace
- Agriculture
- Chemical
- Marine
- Others
Company Profiles
- AccroSeal
- A.W. Chesterton Company
- All Seals Inc.
- Freudenberg Sealing Technologies
- James Walker
- Kastas Sealing Technologies
- Parker Hannifin Corp
- SealTeam Australia
- SKF
- Trelleborg Group
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Product and End-User Industry
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
The major players operating in the global hydraulic seals market are AccroSeal, A.W. Chesterton Company, All Seals Inc., Freudenberg Sealing Technologies, James Walker, Kastas Sealing Technologies, Parker Hannifin Corp, SealTeam Australia, SKF, and Trelleborg Group among others.
In 2019, Asia Pacific held the largest share of the global hydraulic seals market. The increasing industrialization and urbanization lead to the dominancy of the region in the hydraulic seals market. Attributed to the APAC region's flourishing economic conditions, there has been a spur in the region's industrial activities. The exponential growth in the industrial sector, including aerospace, automotive, marine, agricultural, and others, has influenced hydraulic seals systems' demand. Currently, the oil and gas industry is expanding in the APAC region. According to the IOGP’s Global Production Report 2019, oil and gas demand is at the peak in Asia Pacific countries. Similarly, the equipment to be used in the sector is also in high demand. The equipment should have excellent seals that will prevent oil from leaking. Hydraulic seals are critical in preventing leakage of gas in a cylinder. The linear motion of oil through a hydraulic cylinder also depends on these seals to generate the required pressure.
Rod Seals are the sealing devices used to impede fluid leakage from the cylinder and maintain the movement between the piston head and the cylinder head. These types of seals are primarily used in fluid power plants and in hydraulic cylinders to seal the system pressure. They are the essential seals in any form of the fluid power plant. In most fluid power systems, the proper sealing effect or proper functioning of the rod seals is one parameter for decision-making efficiency and effectiveness. Hence, rod seals are one of the most important components of the sealing system, given that any failure to perform them can have a significant effect on the performance of the entire equipment. In addition to all factors applicable to piston seals, non-performance rod seals can contribute to a loss of fluid, which may also affect the environment. These types of seals are used on piston rods, which are attached to the cylinders. Rod seals can be used within hydraulic or pneumatic cylinders. Many kinds of rod seals are available in the market, such as hydraulic rod seals, pneumatic rod seals, U seal backups, custom designed rod seals, and others.
The List of Companies - Hydraulic Seals Market
- AccroSeal
- A.W. Chesterton Company
- All Seals Inc.
- Freudenberg Sealing Technologies
- James Walker
- Kastas Sealing Technologies
- Parker Hannifin Corp
- SealTeam Australia
- SKF
- Trelleborg Group
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- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
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- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
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Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
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