Pneumatic Seal Market Size, Share & Growth | Forecast [2030]
Pneumatic Seal Market Size, Share & Growth | Forecast [2030]
Segments - Global Pneumatic Seal Market by Types (Valve, Cylinder), Applications (Equipment Manufacturing, Automobile Industry, Shipping Industry, and Others), and Regions (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2020 – 2027
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| Report ID :MC-113
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Report Description
Pneumatic Seal Market Outlook
The global pneumatic seal market was valued at USD 129.1 million in 2019 and is projected to reach USD 215.6 million by 2027, expanding at a CAGR of 6.7% during the forecast period. In terms of volume, the market is projected to expand at a CAGR of 5.4% during the forecast period. Pneumatic seals are used in pneumatic valves & cylinders and are usually designed for low operating pressures as opposed to hydraulic seals.
Pneumatic applications require low friction seals and high operating speed than hydraulic applications. Pneumatic seals are extensively used in various commercial and industrial applications. Pneumatic valves and cylinders make use of these pneumatic seals for storing actuated gas or air under desired level of pressure. These seals are commonly seen in pneumatic devices that are used for reciprocating and rotary applications.
Pneumatic Seal Market Dynamics
Pneumatic seals play a crucial role in ensuring efficient manufacturing processes. Automotive manufacturers are adopting industrial Internet of things (IIoT) systems to increase energy efficiency and monitor asset conditions. Thus, creating huge potential for pneumatics seals in the automotive industry.
Growing demand for pneumatic seals across the automotive sector is expected to propel the market growth during the forecast period. The automotive industry in Asia Pacific is growing rapidly, thus the demand for pneumatic seals is expected to increase in this region. Moreover, the unique advantages of pneumatic seals such as high temperature tolerance range, wear-resistance, and low friction are increasing their adoption across the globe.
Furthermore, high preference for pneumatic equipment across the food processing industry, thus driving the market growth. For instance, the US Food and Drug Administration (FDA) guidelines encourage the use of pneumatic equipment in the food industry, as a part of the Food Safety Modernization Act.
Pneumatic seals are economical. However, every manufacturer looks for an option to save extra cost. Pneumatic seals technology is a matured technology, and hence the price of these devices is expected to decrease in the coming years.
Pneumatic seals are commonly powered by compressed air or compressed inert gases. The pressurized gas produces a mechanical motion. The manufacturing failure of pneumatic seals is a major challenge for the market growth. Moreover, increasing preference for hydraulic seals owing to their advantage, provides efficient leakage protection control, thus hindering the pneumatic seal market during the forecast period.
Segmental Outlook
On the basis of types, the pneumatic seal market has been bifurcated into valve and cylinder. The valve segment held a significant share of the market in 2019 and is anticipated to expand at a substantial CAGR during the forecast period. The pneumatic valve controls the rate, pressure, and amount of air, as it transports through a pneumatic system.
The segmental growth is attributed to the continuous development and innovation related to pneumatic valves across various end-user industries. Moreover, low pressure characteristic of pneumatic valves is propelling the segment.
Based on applications, the pneumatic seal market is divided into equipment manufacturing, automobile industry, shipping industry, and others. The equipment manufacturing segment held a considerable share of the market in 2019 and is anticipated to expand at a moderate CAGR during the forecast period. Pneumatic seals are used in equipment that involve high operating speeds.
Moreover, oil and refinery equipment extensively use seals for various purposes. The material used for constructing pneumatic seals includes sintered bronze, cast iron, stainless steel, leather, and felt. These materials enhance the overall life of the pneumatic seal as they are highly durable. Hence, they are widely used to manufacture equipment on a large scale.
Regional Outlook
In terms of regions, the market has been segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in Asia Pacific is projected to expand at a considerable CAGR during the forecast period. The region is the largest market, in terms of revenue generation, from the pneumatic seal. The region dominates the global market due to the dense presence of local pneumatic seal manufacturers across Asia Pacific.
Key Benefits for Industry Participants & Stakeholders
- In-depth analysis of the global pneumatic seal market
- Historical, current and projected market size in terms of value and volume (Thousand Units)
- Potential & niche segments and regions exhibiting promising growth covered
- Industry drivers, restraints and opportunities covered in the study
- Recent industry trends and developments
- Competitive landscape & strategies of key players
- Neutral perspective on global pneumatic seal market performance
Segments
By Types
- Valve
- Cylinder
By Applications
- Equipment Manufacturing
- Automobile Industry
- Shipping Industry
- Others
By Regions
- North America
- U.S.
- Canada
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Europe
- Germany
- France
- Italy
- U.K.
- Spain
- Russia
- Rest of the Europe
- Asia Pacific
- China
- Japan
- South Korea
- India
- Australia
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- Saudi Arabia
- South Africa
- UAE
- Rest of MEA
Key Market Players Profiled in the Report
- Trelleborg
- Freudenberg Sealing Technologies
- Kastas Sealing Technologies
- Hallite Seals International
- AB Seals
- Allied Metrics
- AS Aston Seals
- Max Spare
- Crown Rubber Works
- SEALTECH
Competitive Landscape
- Key players in the market include Trelleborg, Freudenberg Sealing Technologies, Kastas Sealing Technologies, Hallite Seals International, and AB Seals. These companies are considered as key manufacturers of pneumatic seal-based on their revenue, regional presence, research & development (R&D) activities, and supply chain management system.
- The players are adopting key strategies such as acquisition, merger, and geographical expansion to strengthen their market position. For instance, in March 2019, Trelleborg, through its Trelleborg Wheel Systems subsidiary announced the acquisition of Italian firms Provana Solutions and Provana Quality Centre. Provana Quality Centre offers the service for testing of tires to original equipment manufacturers of agricultural machinery, while Provana Solutions is involved in the servicing and distribution of tires and wheels to tractor dealers and farmers in Italy.
- In January 2019, Trelleborg, through its business area Trelleborg Sealing Solutions, completed the acquisition of Sil-Pro, LLC that manufactures silicone and thermoplastic medical components. Sil-Pro has a staff of design and development engineers, along with machining, tooling, automation teams, and ISO Class 7 cleanrooms.
- In July 2018, Hallite Seals’s parent company Fenner was acquired by Michelin. Michelin has its business in mining, off-highway, and the construction industry. This acquisition is aimed at delivering improved hydraulic sealing systems through product testing and advanced material development.
Frequently Asked Questions
Additional company profiles can be provided on request.
Yes, the report covers product specific information such as valve and cylinder.
According to the Growth Market Reports report, the pneumatic seal market is likely to register a CAGR of 6.7% during forecast period 2020-2027, with an anticipated valuation of USD 215.6 million by the end of the 2027.
The report provides company market share analysis and volume data.
Factors such as competitive strength and market positioning are key areas considered while selecting top companies to be profiled.
The growing demand for pneumatic seal for the various industries such as food, automotive, & shipping industry and increasing preference for pneumatic seal over its alternatives are the factors driving the market growth.
The market is expected to witness slow growth between 2019 and 2020 owing to the negative impact of COVID-19 pandemic on the Pneumatic Seal market.
The base year considered for the global Pneumatic Seal market report is 2019. The complete analysis period is 2017 to 2027, wherein, 2017 & 2018 are the historic years and the forecast is provided from 2020 to 2027.
The companies operating in the industries such as Equipment Manufacturing, Automobile Industry, and Shipping Industry are the key end-users driving the market growth.
Major Manufactures include Trelleborg, Freudenberg Sealing Technologies, Kastas Sealing Technologies, Hallite Seals International, and AB Seals.
Table Of Content
Chapter 1 Executive SummaryChapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Pneumatic Seal Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Pneumatic Seal Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Pneumatic Seal Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Pneumatic Seal Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Pneumatic Seal Market Size & Forecast, 2017-2027
4.5.1 Pneumatic Seal Market Size and Y-o-Y Growth
4.5.2 Pneumatic Seal Market Absolute $ Opportunity
Chapter 5 Global Pneumatic Seal Market Analysis and Forecast By Types
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities By Types
5.1.2 Basis Point Share (BPS) Analysis By Types
5.1.3 Absolute $ Opportunity Assessment By Types
5.2 Pneumatic Seal Market Size & Volume Forecast By Types
5.2.1 Valve
5.2.2 Cylinder
5.3 Market Attractiveness Analysis By Types
Chapter 6 Global Pneumatic Seal Market Analysis and Forecast By Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities By Applications
6.1.2 Basis Point Share (BPS) Analysis By Applications
6.1.3 Absolute $ Opportunity Assessment By Applications
6.2 Pneumatic Seal Market Size & Volume Forecast By Applications
6.2.1 Equipment Manufacturing
6.2.2 Automobile Industry
6.2.3 Shipping Industry
6.2.4 Others
6.3 Market Attractiveness Analysis By Applications
Chapter 7 Global Pneumatic Seal Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Pneumatic Seal Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Pneumatic Seal Analysis and Forecast
9.1 Introduction
9.2 North America Pneumatic Seal Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Pneumatic Seal Market Size & Volume Forecast By Types
9.6.1 Valve
9.6.2 Cylinder
9.7 Basis Point Share (BPS) Analysis By Types
9.8 Absolute $ Opportunity Assessment By Types
9.9 Market Attractiveness Analysis By Types
9.10 North America Pneumatic Seal Market Size & Volume Forecast By Applications
9.10.1 Equipment Manufacturing
9.10.2 Automobile Industry
9.10.3 Shipping Industry
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis By Applications
9.12 Absolute $ Opportunity Assessment By Applications
9.13 Market Attractiveness Analysis By Applications
Chapter 10 Europe Pneumatic Seal Analysis and Forecast
10.1 Introduction
10.2 Europe Pneumatic Seal Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Pneumatic Seal Market Size & Volume Forecast By Types
10.6.1 Valve
10.6.2 Cylinder
10.7 Basis Point Share (BPS) Analysis By Types
10.8 Absolute $ Opportunity Assessment By Types
10.9 Market Attractiveness Analysis By Types
10.10 Europe Pneumatic Seal Market Size & Volume Forecast By Applications
10.10.1 Equipment Manufacturing
10.10.2 Automobile Industry
10.10.3 Shipping Industry
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis By Applications
10.12 Absolute $ Opportunity Assessment By Applications
10.13 Market Attractiveness Analysis By Applications
Chapter 11 Asia Pacific Pneumatic Seal Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Pneumatic Seal Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Pneumatic Seal Market Size & Volume Forecast By Types
11.6.1 Valve
11.6.2 Cylinder
11.7 Basis Point Share (BPS) Analysis By Types
11.8 Absolute $ Opportunity Assessment By Types
11.9 Market Attractiveness Analysis By Types
11.10 Asia Pacific Pneumatic Seal Market Size & Volume Forecast By Applications
11.10.1 Equipment Manufacturing
11.10.2 Automobile Industry
11.10.3 Shipping Industry
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis By Applications
11.12 Absolute $ Opportunity Assessment By Applications
11.13 Market Attractiveness Analysis By Applications
Chapter 12 Latin America Pneumatic Seal Analysis and Forecast
12.1 Introduction
12.2 Latin America Pneumatic Seal Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Pneumatic Seal Market Size & Volume Forecast By Types
12.6.1 Valve
12.6.2 Cylinder
12.7 Basis Point Share (BPS) Analysis By Types
12.8 Absolute $ Opportunity Assessment By Types
12.9 Market Attractiveness Analysis By Types
12.10 Latin America Pneumatic Seal Market Size & Volume Forecast By Applications
12.10.1 Equipment Manufacturing
12.10.2 Automobile Industry
12.10.3 Shipping Industry
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis By Applications
12.12 Absolute $ Opportunity Assessment By Applications
12.13 Market Attractiveness Analysis By Applications
Chapter 13 Middle East & Africa (MEA) Pneumatic Seal Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Pneumatic Seal Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Pneumatic Seal Market Size & Volume Forecast By Types
13.6.1 Valve
13.6.2 Cylinder
13.7 Basis Point Share (BPS) Analysis By Types
13.8 Absolute $ Opportunity Assessment By Types
13.9 Market Attractiveness Analysis By Types
13.10 Middle East & Africa (MEA) Pneumatic Seal Market Size & Volume Forecast By Applications
13.10.1 Equipment Manufacturing
13.10.2 Automobile Industry
13.10.3 Shipping Industry
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis By Applications
13.12 Absolute $ Opportunity Assessment By Applications
13.13 Market Attractiveness Analysis By Applications
Chapter 14 Competition Landscape
14.1 Pneumatic Seal Market: Competitive Dashboard
14.2 Global Pneumatic Seal Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Trelleborg
14.3.2 Freudenberg Sealing Technologies
14.3.3 Kastas Sealing Technologies
14.3.4 Hallite Seals International
14.3.5 AB Seals
14.3.6 Allied Metrics
14.3.7 AS Aston Seals
14.3.8 Max Spare
14.3.9 Crown Rubber Works
14.3.10 SEALTECH
Methodology
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