The hydraulic seals market in North America is expected to grow from US$ 1,081. 13 million in 2019 to US$ 1,667. 73 million by 2027; it is estimated to grow at a CAGR of 5. 6% from 2020 to 2027.
New York, March 10, 2021 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "North America Hydraulic Seals Market Forecast to 2027 – COVID-19 Impact and Analysis- by Product, and End-Use Industry" - https://www.reportlinker.com/p06027839/?utm_source=GNW
Rising adoption of hydraulic cylinders across various end-use industries surges its demand in the market.Hydraulic cylinders are highly utilized by various end-use industries such as automotive, agriculture, construction, aerospace, and oil & gas.
Hydraulic seals play a pivotal role in hydraulic cylinders.In order to contain the pressurized fluids in a hydraulic cylinder system and keep it in motion, high-performance seals are required.
Thus, the hydraulic seals market grows in accordance with the increasing demand for hydraulic cylinders.In addition, continuous demand from industries where hydraulic systems play a crucial role, and irreplaceability of hydraulic systems in the aviation, manufacturing, construction equipment, and infrastructure industry drive the growth of the hydraulic seals market.
Increasing demand for material handling equipment and rising construction activities for contributing to economic development are amplifying the utilization of hydraulic cylinders. For instance, the small and compact form of hydraulic cylinders helps to effectively utilize powerful, lightweight, and heavy-duty equipment to conduct narrow hole drilling and efficient pipe handling. Besides, the double-acting function-based hydraulic cylinders are widely used for heavy trucks, forklifts, and earth moving equipment. Thus, the extensive utilization of hydraulic cylinders across various end-user industries coupled with the technological advancements in the hydraulic industry is bolstering the growth of the North America hydraulic seals market. In addition, the advantages offered by hydraulic seals is among the other factors expected to propel the demand for hydraulic seals during the forecast period.
In terms of product, the rod seals segment led the North America hydraulic seals market in 2019.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 such as hydraulic rod seals, pneumatic rod seals, U seal backups, custom designed rod seals, and others are available in the market.
In North America, the US has the highest number of COVID-19 confirmed cases than Canada and Mexico.The supply and distribution chain is adversely affected due to the COVID-19 outbreak, which is hindering the hydraulic seals market in the region.
In addition, the overall disruption in manufacturing processes, research, and development activities is also restraining the market growth.
The overall North America hydraulic seals market size has been derived using both primary and secondary sources.To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market.
The process also serves the purpose of obtaining an overview and forecast for the North America hydraulic seals market with respect to all the segments pertaining to the region.Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic.
The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the North America hydraulic seals market. A few key players operating in the market are A.W. Chesterton Company, All Seals Inc., Freudenberg Sealing Technologies, James Walker, Kastas Sealing Technologies A.S., SealTeam Australia, SKF, Trelleborg AB, AccroSeal, and Parker Hannifin Corporation.
Read the full report: https://www.reportlinker.com/p06027839/?utm_source=GNW
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