NEW YORK, Oct. 28, 2021 /PRNewswire/ -- The machined seals market size is expected to increase by USD 333.10 million from 2020 to 2025, registering a CAGR of over 2%, according to the latest research report from Technavio.
Technavio analyzes the market by End-user (automotive industry, heavy industry, machine tools industry, and others), Type (fluid power seals, power transmission seals, and large diameter seals), and Geography (APAC, North America, Europe, South America, and MEA). Stringent environmental regulations are expected to have a positive impact on the growth of the machined seals market during the forecast period.
Also, the study identifies the increasing demand for machined seals in manufacturing industries as one of the prime reasons driving the machined seals market growth during the next few years.
This report presents a detailed picture of the machined seals market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters.
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Machined Seals Market Scope
Growth momentum & CAGR
Accelerate at a CAGR of over 2%
Market growth 2021-2025
USD 333.10 million
YoY growth (%)
APAC, North America, Europe, South America, and MEA
Performing market contribution
APAC at 48%
Key consumer countries
US, Germany, UK, China, and India
Leading companies, competitive strategies, consumer engagement scope
A.W. Chesterton Co., AB SKF, Datwyler Holding Inc., Freudenberg SE, IDEX Corp., James Walker Group Ltd., Martin Fluid Power Co. Inc. and MFP Seals, Michelin Group, Parker Hannifin Corp., and Trelleborg AB.
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period.
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