Market Overview:
The global propeller mechanical seals market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for leisure and passenger boats, fishing boats, tugs and work ships, cargo vessels, and others across the globe. In addition, the growing awareness about environmental protection is also propelling the demand for propeller mechanical seals in various applications.
Product Definition:
A propeller mechanical seal is a device used to prevent the leakage of fluid between two mating surfaces. The seal is typically composed of two rotatable rings that are held together by a number of blades or "props". The props create a labyrinth-like path that traps and seals any fluid that attempts to escape. Propeller mechanical seals are often used in applications where high pressures and temperatures must be maintained, such as in oil refineries and chemical plants.
Less than 100mm Shaft:
less than 100mm shaft is a smaller size of propeller shaft. It's major application is in helicopters and small aircraft where the main rotor is used. The less than 100mm shaft length means that the pitch control mechanism can be actuated by a much lighter weight string, usually made of plastic or fiberglass, instead of steel or aluminum as in longer sizes.
100-400mm Shaft:
The 100-400mm shaft is used in the propeller mechanical seals market. The growth of this market can be attributed to the growing demand for high precision and reliability from aerospace and automotive applications.
100-400mm shafts are widely used in various industries such as automotive, marine, medical equipment, semiconductor manufacturing facilities among others owing to their benefits such as precise dimensional tolerance control with high flexibility at both ends of the range.
Application Insights:
The cargo application segment led the global propeller mechanical seals market in 2017 and is projected to expand at a revenue-based CAGR of XX% over the forecast period. The growth can be attributed to increasing demand for large capacity seagoing vessels, particularly in Asia Pacific and Europe, which are designed for bulk cargoes such as minerals and metals.
The leisure boats application segment accounted for a significant share of 15.4% in terms of volume in 2017 owing to high product demand from countries such as China, Japan, South Korea, Taiwan.
Regional Analysis:
Asia Pacific dominated the global propeller mechanical seals market in terms of revenue with a share of over 40.0% in 2017. The region is expected to witness significant growth over the forecast period owing to increasing marine activities and growing demand for recreational watercraft, particularly in China and India. In addition, rising investments by manufacturers such as WEG, Zhejiang Huayin Transformer Co., Ltd., Johnson Electric Canada Inc., and others are anticipated to drive product demand further.
Europe was estimated at USD X million in 2017 and is projected to grow at a CAGR of XX% from 2018 to 2030 owing high consumption rates for recreational watercraft along with other applications across Germany, France, Italy, U K., Spain among other countries ‰tteching an overall European market recovery since 2010 after two hard knocks (economic crisis & COVID-19 pandemic).
Growth Factors:
- Increasing demand from end-use industries such as oil & gas, power generation, and chemical processing is expected to drive the growth of the propeller mechanical seals market.
- The propeller mechanical seals market is witnessing a growing trend of miniaturization and high precision requirements, which is likely to boost its demand over the forecast period.
- Rising awareness about the benefits offered by propeller mechanical seals over traditional packing and stuffing boxes is projected to fuel their adoption in various industrial applications.
- Growing investments in research and development activities for developing new technologies for propeller mechanical seals are anticipated to provide lucrative opportunities for players operating in this market during the forecast period.
- The increasing use of 3D printing technology for manufacturing customized propeller mechanical seals is expected to offer potential growth opportunities for players in this market during the forecast period
Scope Of The Report
Report Attributes
Report Details
Report Title
Propeller Mechanical Seals Market Research Report
By Type
Less than 100mm Shaft, 100-400mm Shaft, More than 400mm Shaft
By Application
Leisure and Passenger Boat, Fishing Boats, Tugs and Work Ship, Cargo, Others
By Companies
MICROTEM SRL, Italian Propellers, PYI INC, Fluiten Italia, Garlock, REGGIANI NAUTICA Srl, Tides Marine, Duramax Marine, John Crane
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
225
Number of Tables & Figures
158
Customization Available
Yes, the report can be customized as per your need.
Global Propeller Mechanical Seals Market Report Segments:
The global Propeller Mechanical Seals market is segmented on the basis of:
Types
Less than 100mm Shaft, 100-400mm Shaft, More than 400mm Shaft
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Leisure and Passenger Boat, Fishing Boats, Tugs and Work Ship, Cargo, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- MICROTEM SRL
- Italian Propellers
- PYI INC
- Fluiten Italia
- Garlock
- REGGIANI NAUTICA Srl
- Tides Marine
- Duramax Marine
- John Crane
Highlights of The Propeller Mechanical Seals Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Less than 100mm Shaft
- 100-400mm Shaft
- More than 400mm Shaft
- By Application:
- Leisure and Passenger Boat
- Fishing Boats
- Tugs and Work Ship
- Cargo
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Propeller Mechanical Seals Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Propeller Mechanical Seals are a type of seal used on propellers. They are made from a variety of materials, including rubber and metal, and they help to keep the propeller blades free from water and debris.
Some of the major companies in the propeller mechanical seals market are MICROTEM SRL, Italian Propellers, PYI INC, Fluiten Italia, Garlock, REGGIANI NAUTICA Srl, Tides Marine, Duramax Marine, John Crane.
The propeller mechanical seals market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Propeller Mechanical Seals Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Propeller Mechanical Seals Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Propeller Mechanical Seals Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Propeller Mechanical Seals Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Propeller Mechanical Seals Market Size & Forecast, 2020-2028
4.5.1 Propeller Mechanical Seals Market Size and Y-o-Y Growth
4.5.2 Propeller Mechanical Seals Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Less than 100mm Shaft
5.2.2 100-400mm Shaft
5.2.3 More than 400mm Shaft
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Leisure and Passenger Boat
6.2.2 Fishing Boats
6.2.3 Tugs and Work Ship
6.2.4 Cargo
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Propeller Mechanical Seals Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Propeller Mechanical Seals Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Less than 100mm Shaft
9.6.2 100-400mm Shaft
9.6.3 More than 400mm Shaft
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Leisure and Passenger Boat
9.10.2 Fishing Boats
9.10.3 Tugs and Work Ship
9.10.4 Cargo
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Less than 100mm Shaft
10.6.2 100-400mm Shaft
10.6.3 More than 400mm Shaft
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Leisure and Passenger Boat
10.10.2 Fishing Boats
10.10.3 Tugs and Work Ship
10.10.4 Cargo
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Less than 100mm Shaft
11.6.2 100-400mm Shaft
11.6.3 More than 400mm Shaft
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Leisure and Passenger Boat
11.10.2 Fishing Boats
11.10.3 Tugs and Work Ship
11.10.4 Cargo
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Less than 100mm Shaft
12.6.2 100-400mm Shaft
12.6.3 More than 400mm Shaft
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Leisure and Passenger Boat
12.10.2 Fishing Boats
12.10.3 Tugs and Work Ship
12.10.4 Cargo
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Less than 100mm Shaft
13.6.2 100-400mm Shaft
13.6.3 More than 400mm Shaft
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Leisure and Passenger Boat
13.10.2 Fishing Boats
13.10.3 Tugs and Work Ship
13.10.4 Cargo
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Propeller Mechanical Seals Market: Competitive Dashboard
14.2 Global Propeller Mechanical Seals Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 MICROTEM SRL
14.3.2 Italian Propellers
14.3.3 PYI INC
14.3.4 Fluiten Italia
14.3.5 Garlock
14.3.6 REGGIANI NAUTICA Srl
14.3.7 Tides Marine
14.3.8 Duramax Marine
14.3.9 John Crane
