市場調查報告書
商品編碼
1122040
全球 O 型圈市場 - 市場規模、份額、趨勢、預測、競爭分析、增長機會:2022-2027O-Rings Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2022-2027 |
由於大流行的爆發,2020 年 O 型圈市場下降了近 10.5%。然而,它再次蓬勃發展,各種因素正在推動對 O 型圈的需求,例如行業的早期復蘇、技術進步和高度的衛生問題。消費者對可靠、高效和安全產品的需求以及環境法規正在推動產品需求。鑑於這些趨勢,O 型圈市場預計將在 2027 年達到 148 億美元,在未來五年內以 4.6% 的健康復合年增長率增長。
本報告研究和分析全球 O 型圈市場,提供有關市場環境、COVID-19 的影響、市場評估、競爭分析、增長機會、主要參與者等方面的最新信息。
Market Highlights
O-rings are the loop of elastomer with a round cross-section. They are placed into a groove and then compressed between two surfaces to prevent any escape of fluids and ingress of external agents in the application where they are applied. O-rings are used in a wide range of industries, such as automotive engines, air conditioning systems, machine tools, and tap fittings, among others. They must be chemically stable and resistant to high temperatures, pressure, ozone, and swelling. They are widely used in the manufacturing process because they are inexpensive, easy to replace, reliable, and come in a variety of sizes. Elastomers are majorly used to manufacture O-rings. Depending on the application, different types of elastomers such as nitrile (buna), neoprene, and EPDM rubber, are used.
The emergence of the pandemic posed numerous challenges to the growing O-rings market. A large number of industries that use O-rings were affected by production halts, labor as well as raw material shortages, and low demand for finished products. Furthermore, the aftermarket demand for seals was disrupted as a result of lockdowns in many countries. As a result of these factors, the O-rings market declined by nearly 10.5% in 2020.
However, the O-rings market is again growing at a rapid pace and is expected to surpass the pre-covid levels and reach new heights. Various factors, such as faster recoveries of industries, advancements in technologies, and a high focus on hygiene are propelling the demand for O-rings. Furthermore, consumer demand for dependable, efficient, and secure products, as well as environmental regulations, are bolstering the product demand. Following these trends, the O-rings market is estimated to grow at a healthy CAGR of 4.6% over the next five years to reach a value of US$ 14.8 Billion in 2027.
Market Segments' Analysis
Based on the end-use industries, the O-rings market is segmented as transportation, processing, electrical & electronics, mobile machinery, manufacturing tools, energy & power, and others. Transportation is expected to remain the biggest demand generator for o-rings during the forecast period. Increasing requirements for mobility with a growing population and demand for reliable, efficient, and safe means of transportation are the major factors boosting the demand for o-rings in the transportation sector. O-rings are widely used to seal many types of fluids such as fuel, lubricating oil, and refrigerants, which are used in systems of buses, cars, and trucks, among others.
In terms of regions, Asia-Pacific is expected to remain the largest and fastest-growing region in the market for o-rings during the forecast period. The region is the most populated in the world and generates high demand for finished products from manufacturing industries. Furthermore, many of the region's governments are promoting the manufacturing sector through initiatives, such as Make in India and Made in China 2025. These factors will drive both, manufacturing as well as demand for o-rings in the region.
Key Players
O-rings are considered one of the most common sealing products in the world. There are more than 1,000 companies that are offering o-rings; however, some companies are efficacious in building an extraordinary image in the world. The following are the key players in the O-rings market.
Freudenberg Sealing Technologies
Trelleborg Sealing Solutions
Greene Tweed
SKF
Enpro (Technetics)
Saint-Gobain
Parker Hannifin
Hutchinson
Dana Seals
Smith Group plc (John Crane)
Elring Klinger AG
Research Methodology
This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today's O-rings market realities and future market possibilities for the forecast period of 2022 to 2027. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.
This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research's internal database and statistical tools. More than 2,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.
Report Features
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key features of the report: