North America Hydraulic Seals Market Forecast to 2027 - COVID-19 Impact and Analysis - by Product, and End-Use Industry

Rod Seals Segment to Dominate North America Hydraulic Seals Market during 2020-2027

According to a new market research study on “North America Hydraulic Seals Market Forecast to 2027 - COVID-19 Impact and Regional Analysis and Forecast by Product, and End-use Industry,” is expected to reach US$ 1,667.73 million by 2027 from US$ 1,081.13 million in 2019. The market is estimated to grow at a CAGR of 5.6% from 2020 to 2027. The report provides trends prevailing in the North America Hydraulic Seals market along with the drivers and restraints pertaining to the market growth. Rising adoption of hydraulic cylinders across various end-user industries are the major factor driving the growth of the North America hydraulic seals market. However, issues associated with the adoption of adhesives and sealants instead of hydraulic seals hinder the growth of North America hydraulic seals market.

The North America market for hydraulic seals market is segmented into type, end-use industry, and country. Based on product, the market is segmented into wiper seals, piston seals, rod seals, buffer seals, and others. In 2019, the rod seals segment held the largest share North America Hydraulic Seals market. Based on end- use industry, the hydraulic seals market is divided into automotive, aerospace, agriculture, chemical, marine, and others. Chemical is expected to be the fastest growing segment over the forecast period.

In North America, the U.S has the highest number of COVID-19 confirmed cases of coronavirus, as, compared to Canada and Mexico. This is likely to impact the hydraulic seals market in the region as, due to the COVID-19 outbreak, the supply and distribution chain is likely to get 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 will is also impact restraining the market growth.

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 are among the leading companies in the North America hydraulic seals market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in November 2019, Trelleborg Sealing Solutions acquired US-based Tritec Seal. The company offers engineered polytetrafluoroethylene (PTFE) sealing solutions. The acquisition strengthens Trelleborg’s product portfolio, primarily in rotary seals, while giving the business area access to increased manufacturing capacity that is needed.

The Report Segments the North America Hydraulic Seals market as Follows:

North America Hydraulic Seals Market - By Product

• Wiper Seals
• Piston Seals
• Rod Seals
• Buffer Seals
• Others

North America Hydraulic Seals Market - By End-use Industry

• Automotive
• Aerospace
• Agriculture
• Chemical
• Marine
• Others

North America Hydraulic Seals Market - By Country

• US
• Canada
• Mexico

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