[195+ Pages Report] Global mechanical face seals market is set for rapid growth over the forecast period. In terms of revenue, the global mechanical face seals market accounted for USD 3,180.0 Million in 2019 and is anticipated to reach around USD 3,890.0 Million by 2026, growing at a CAGR of 6.5%.
Global Mechanical Face Seals Market: Overview
Mechanical face seals are designed for rotating applications in rugged conditions where they must tolerate excessive wear to avoid the ingress of harsh and abrasive external media. Mechanical face seals are a safe option because the most critical requirement is the least amount of leaking of the compressed fluid. The revolving and stationary members that form a plane perpendicular to the shaft form the main sealing interface. The sealing area is a small ring that separates the two ears. The sealing faces are normally metal or ceramic on one side and graphite or plastic on the other.
Global Mechanical Face Seals Market: Growth Factors
The demand for mechanical face seals is increasing at a significant rate due to the rising industrial developments in emerging economics. The stringent emission and fuel economy standards are driving the worldwide mechanical face seals market. In increasing sales, making goods more recognizable and appealing to a buyer plays a critical role. Strong industrialization, emerging economies, rising demands across different sectors, increased knowledge levels, increased utilization, increasing uses, particularly in light commercial vehicles (LCVs), increasing research and development activities, and increasing investments by leading suppliers may be the main factors that encouraged the growth of the mechanical face seals industry.
Global Mechanical Face Seals Market: Segmentation
The worldwide mechanical face seals market is bifurcated into its type, application, sales channel, and regions. Based on the type, the global market is segregated into duo cone seals,floating seals, lifetime seals, toric seals, and heavy-duty seals. Based on the application, the market is bifurcated into conveyor systems, tracked vehicles (excavators and bulldozers), axles, heavy trucks, agriculture machines, tunnel boring machines, and mining machines. Based on sales channels, the global market is segmented into direct, and indirect. Geographically, the mechanical face seals market is diversified into North America, Asia-Pacific, Europe, Latin America, and Middle East & Africa.
Global Mechanical Face Seals Market: Region-wise Analysis
Asia Pacific region dominated the global mechanical face seals market in 2019 and is anticipated to continue its dominance in the upcoming years. The dominance of the Asia Pacific market can be attributed to the growing demand for light commercial vehicles (LCVs). Also, the rapidly growing population in developing countries such as China and India and the increasing demand associated with several sectors like infrastructure, agriculture, mining, etc. are driving the demand for mechanical face seals in the region. North America and Europe held a significant share in the global mechanical face deals market due to the ongoing infrastructure developments in the regions.
Global Mechanical Face Seals Market: Key Players
Some of the key players in the mechanical face seals market are Caterpillar, FTL Technology, Enduro Bearings Industrial, SKF, Goetze, Trostel, SAP Parts, Trelleborg Group, ROC Carbon Company, and Morcor Limited among others.
Global Mechanical Face Seals Market: Regional Segment Analysis
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