Rod Seals Segment to Dominate Europe Hydraulic Seals Market during 2020–2027

According to a new market research study on “Europe 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$ 1,125.29 million by 2027 from US$ 754.43 million in 2019. The market is estimated to grow at a CAGR of 5.2% from 2020 to 2027. The report provides trends prevailing in the Europe Hydraulic Seals market along with the drivers and restraints pertaining to the market growth. Advantages offered by hydraulic seals are the major factor driving the growth of the Europe hydraulic seals market. However, issues associated with the adoption of adhesives and sealants instead of hydraulic seals hinder the growth of Europe hydraulic seals market.

The Europe 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 Europe 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 Europe, currently Russia is the hardest-hit country by the coronavirus outbreak. It is expected to suffer an economic hit due to a lack of revenue from various industries, as the country recorded the highest number of coronavirus cases followed by France. Other member states have implemented drastic measures and travel restrictions, including partially closing their borders. This is anticipated to impact market growth in Europe.

A.W. Chesterton Company, Freudenberg Sealing Technologies, James Walker, Kastas Sealing Technologies A.S., SealTeam Australia, SKF, Trelleborg AB, and Parker Hannifin Corporation are among the leading companies in the Europe 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 Europe Hydraulic Seals market as Follows:

Europe Hydraulic Seals Market – By Product

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

Europe Hydraulic Seals Market – By End- use Industry

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

Europe Hydraulic Seals Market – By Country

• Germany
• France
• Italy
• UK
• Russia
• Rest of Europe

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