NEW YORK , Nov. 2, 2022 /PRNewswire/ -- The Global Pneumatic Seal Market share is set to increase by USD 40.23 million from 2022 to 2027. Moreover, the market's growth momentum will accelerate at a CAGR of 5.73% as per the latest market forecast report by Technavio. The market will also record a 4.56% Y-O-Y growth rate during the forecast period.
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Global Pneumatic Seal Market - Parent Market Analysis
Technavio categorizes the global pneumatic seal market as a part of the global industrial machinery market. The parent market, the global industrial machinery market, covers companies engaged in manufacturing industrial machinery and components covering presses, machine tools, compressors, pollution control equipment, elevators, escalators, insulators, pumps, roller bearings, and other metal fabrications. Technavio calculates the market size based on combined revenue generated by manufacturers of machinery and components used in the industrial environment.
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Global Pneumatic Seal Market Characteristics with Five Forces–
The Global Pneumatic Seal Market is fragmented and the five forces analysis by Technavio gives an accurate vision –
The threat of New Entrants
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Global Pneumatic Seal Market – Customer Landscape
The disruption threats are strategic in nature, and operational risks for suppliers have been mapped based on their negative business impact and probability of occurrence.
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Global Pneumatic Seal Market - Segmentation Assessment
Technavio's market research report entails detailed information on regional opportunities in store for vendors, which will assist in generating sales revenues. The Global Pneumatic Seal Market as per geography is categorized into North America , Europe , APAC, South America , and the Middle East and Africa . The report provides an accurate prediction of the contribution of all regions to the growth of the Global Pneumatic Seal Market size and actionable market understandings.
APAC is the fastest-growing region in the global pneumatic seal market compared to other regions. 46% growth will originate from APAC. The Government of China is focusing on encouraging foreign investments by oil and gas companies by removing the necessity to form a joint venture to set up production facilities in the country. Such actions are expected to increase investments in oil production in China , which will drive the demand for pneumatic seals.
The Global Pneumatic Seal Market as per product type segmentation is categorized into Cylinders and Valves.
Revenue Generating Segment - The cylinders segment will be a significant contributor to market growth during the forecast period. Pneumatic cylinders have low initial investment cost and durability. The demand for small and powerful and effective equipment has led to the development of a wide range of cylinders.
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Global Pneumatic Seal Market – Market Dynamics
Major Driver Boosting the Market
The increase in the application of pneumatics in food processing is driving the global pneumatic seal market growth.
The use of pneumatic equipment in the food processing industry has been supported by the US Food and Drug Administration's rules. Key suppliers are expanding their product offerings to enable equipment manufacturers to provide corrosion-resistant construction materials such as stainless steel.
Therefore, the rise in pneumatic applications in the food processing industry will fuel the growth of the market during the forecast period.
Major trends influencing the growth of glamping
High-performance pneumatics are a trend in the market.
Servo-pneumatic equipment provides precise and smoother operations than conventional pneumatics. These benefits are possible with the use of special motion control capabilities that are designed specifically for pneumatic motion regulation and integration with other high-performance components.
These advances will drive the growth of the global pneumatic seal market during the forecast period.
Major Challenges interrupting the market growth
The growing demand for electromechanical equipment is challenging the global pneumatic seal market growth.
Electromechanical equipment is gaining prominence over pneumatic equipment due to increasing concerns about environmental issues and the high energy consumption of pneumatic equipment.
Moreover, the rising number of environmental regulations imposed by governments will result in the replacement of pneumatic equipment with electromechanical equipment.
Such factors are expected to impede the growth of the global pneumatic seal market during the forecast period.
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Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio's in-depth research has direct and indirect COVID-19-impacted market research reports.
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Cloud Pneumatic Seal Market 2023-2027: Key Highlights
CAGR of the market during the forecast period 2023-2027
Detailed information on factors that will assist pneumatic seal market growth during the next five years
Estimation of the pneumatic seal market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the pneumatic seal market
Analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of pneumatic seal market vendors
The hydraulic seals market share growth of USD 1305.25 million from 2022 to 2027 for the hydraulic seals market, and it is estimated to grow at a CAGR of 5.51%. The market has been segmented by product type (rod seals, piston seals, wiper seals, and others), end-user (automotive and aerospace, heavy industry, and others), region (North America , Europe , APAC, Middle East and Africa , and South America ).
The industrial fastener seal market share is expected to increase to USD 380.16 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 3.01%. This report extensively covers segmentation by product (ring type seals, static seals, thread seals, and specialty products), end-user (process industries and discrete industries), and geography (APAC, North America , Europe , South America , and Middle East and Africa ).
Accelerate at a CAGR of 5.73%
APAC, Europe, North America, South America, and the Middle East and Africa
US, China, India, Russia, and UK
Leading companies, competitive strategies, consumer engagement scope
A.W. Chesterton Co., AB SKF, AccroSeal, All Seals Inc., Allied Metrics Seals & Fasteners Inc., AS Aston Seals S.P.A., France Joint SAS, Freudenberg SE, Ge Mao Rubber Industrial Co. Ltd., GMN Paul Muller Industrie GmbH & Co. KG, Hallite Seals International Ltd., IDEX Corp., Kastas Sealing Technology, M.Barnwell Services Ltd., Max Spare Ltd., OZ Seals Pty Ltd., Parker Hannifin Corp., T LON Products Inc., Trelleborg AB, and EnPro Industries Inc.
Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period.
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3.4 Market outlook: Forecast for 2022-2027
5 Market Segmentation by Product Type
5.3 Cylinders - Market size and forecast 2022-2027
5.4 Valve - Market size and forecast 2022-2027
5.5 Market opportunity by Product Type
6.3 Equipment manufacturing - Market size and forecast 2022-2027
6.4 Automobile - Market size and forecast 2022-2027
6.5 Shipping Industry - Market size and forecast 2022-2027
6.6 Others - Market size and forecast 2022-2027
8.3 APAC - Market size and forecast 2022-2027
8.4 Europe - Market size and forecast 2022-2027
8.5 North America - Market size and forecast 2022-2027
8.6 South America - Market size and forecast 2022-2027
8.7 Middle East and Africa - Market size and forecast 2022-2027
8.8 China - Market size and forecast 2022-2027
8.9 India - Market size and forecast 2022-2027
8.10 US - Market size and forecast 2022-2027
8.11 Russia - Market size and forecast 2022-2027
8.12 UK - Market size and forecast 2022-2027
9.3 Impact of drivers and challenges
11.5 Allied Metrics Seals and Fasteners Inc.
11.6 AS Aston Seals S.P.A.
11.10 GMN Paul Muller Industrie GmbH and Co.KG
12.3 Currency conversion rates for US$
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