세계의 O링 시장 : 시장 규모, 점유율, 동향, 예측, 경쟁 분석, 성장 기회(2022-2027년)
O-Rings Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2022-2027
팬데믹의 발생에 의해 O링 시장은 2020년에 약 10.5% 감소했습니다. 그러나 다시 급성장하고 있으며, 산업의 조기회복, 기술의 진보, 위생면에 대한 높은 관심 등, 다양한 요인이 O링의 수요를 촉진하고 있습니다. 또한 신뢰성이 높고, 효율적이며 안전한 제품을 요구하는 소비자 요구 및 환경 규제가 제품 수요를 촉진하고 있습니다. 이 동향에 의해 O링 시장은 2027년에 148억 달러에 달하며, 향후 5년간 CAGR로 4.6%의 건전한 성장이 예측됩니다.
세계의 O링 시장에 대해 조사분석했으며, 시장 환경, COVID-19의 영향, 시장 평가, 경쟁 분석, 성장 기회, 주요 기업 등에 관한 최신 정보를 정리하여 전해드립니다.
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.
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
Smith Group plc (John Crane)
Elring Klinger AG
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.
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: