Market Overview:
The global propeller shaft mechanical seals market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for propeller shaft mechanical seals from OEMs and aftermarket segments. Additionally, the growing maritime industry is also contributing to the growth of this market. North America dominates the global propeller shaft mechanical seals market, followed by Europe and Asia Pacific. However, Asia Pacific is expected to witness highest growth during the forecast period owing to rising demand from countries such as China and India.
Product Definition:
A propeller shaft mechanical seal is a device used to prevent the leakage of fluid from within a rotating shaft. The seal is placed between the two mating surfaces of the shaft and prevents fluid from passing between them. This type of seal is often used in applications where high levels of contamination or leakage are not acceptable.
Boat:
Boat is a device used in the propeller shaft mechanical seals market. It helps to remove the seal between the rotating part and stationary part of a propeller or between two parts of a same engine. The boat consists of an outer race, which has cut-outs for oil to pass through, and an inner race that acts asa seating surface for the sealing washer or gasket.
Ship:
The ship and it's usage in propeller shaft mechanical seals market is expected to witness significant growth over the forecast period. The factors that propel the growth of this market include increasing demand for ships, rise in global trade activities, and growing awareness regarding marine transportation. Additionally, technological advancements such as automation of shipping operations are also responsible for driving the ship & it’s usage in propeller shaft mechanical seals industry.
Application Insights:
OEMs held the largest market share of over 70% in 2017. The propeller shaft mechanical seals manufactured by OEMs are of high quality and reliability, which is a major factor contributing to their large share. These mechanical seals are designed specifically for each application and meet the highest standards of quality, safety, performance and durability. They also comply with all environmental regulations pertaining to hydraulic fluids containing polychlorinated biphenyls (PCB¢â‚¬â„¢s).
The aftermarket segment is expected to register the fastest CAGR from 2018 to 2030 owing to increasing demand for replacement mechanical seals due largelyto wear-and-tear or failure in original equipment caused by improper maintenance practices followed by OEM manufacturers. In addition, growing awareness regarding superior product performance along with extensive product range will boost segment growth over the forecast period.
Regional Analysis:
Asia Pacific dominated the global propeller shaft mechanical seals market in 2017 and is expected to continue its dominance over the forecast period. The region is home to several emerging economies, such as China, India, Indonesia and Malaysia. These countries are experiencing strong economic growth owing to various factors such as rapid industrialization and urbanization resulting in increased GDPs per capita along with rising disposable income levels of consumers.
The growing manufacturing sector coupled with increasing investments for infrastructure development has led to an increase in marine transportation activities across these developing countries which will drive the demand for propeller shaft mechanical seals over the forecast period. Moreover, favorable government regulations aimed at promoting maritime trade activities will also support product demand over the next eight years.
Growth Factors:
- Increasing demand for propeller shaft mechanical seals from the automotive and marine industries due to their superior performance characteristics over traditional packing and stuffing box sealing methods.
- Growing popularity of hydraulic fracturing (fracking) as a means to extract oil and gas reserves, which is driving demand for propeller shaft mechanical seals in the upstream oil & gas market.
- The increasing use of electric vehicles, which require more efficient cooling systems that can be achieved with propeller shaft mechanical seals.
- Rising global population and rapid urbanization, which is leading to an increase in the number of construction projects requiring pumps and motors that use propeller shaft mechanical seals for sealing purposes.
- Technological advancements that have led to the development of more durable and reliable propeller shaft mechanical seals, resulting in increased adoption across various end-markets
Scope Of The Report
Report Attributes
Report Details
Report Title
Propeller Shaft Mechanical Seals Market Research Report
By Type
Boat, Ship, No specific
By Application
OEMs, Aftermarket
By Companies
Chatfield Engineering, CJR Propulsion, Eliche Radice, IHC Lagersmit, Italian Propellers, MAUCOUR FRANCE, Microtem, Reggiani Nautica, Simplex Americas, Tides Marine, TOR MARINE SRL, Wärtsilä Corporation
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
244
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Propeller Shaft Mechanical Seals Market Report Segments:
The global Propeller Shaft Mechanical Seals market is segmented on the basis of:
Types
Boat, Ship, No specific
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
OEMs, Aftermarket
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:
- Chatfield Engineering
- CJR Propulsion
- Eliche Radice
- IHC Lagersmit
- Italian Propellers
- MAUCOUR FRANCE
- Microtem
- Reggiani Nautica
- Simplex Americas
- Tides Marine
- TOR MARINE SRL
- Wärtsilä Corporation
Highlights of The Propeller Shaft 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:
- Boat
- Ship
- No specific
- By Application:
- OEMs
- Aftermarket
- 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 Shaft 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 shaft mechanical seals are used to keep the propeller shaft from leaking. The seals are made of a material that is resistant to oil and water, and they fit around the propeller shaft. When the engine is started, the seal presses against the blade, preventing any fluid from leaking out.
Some of the major companies in the propeller shaft mechanical seals market are Chatfield Engineering, CJR Propulsion, Eliche Radice, IHC Lagersmit, Italian Propellers, MAUCOUR FRANCE, Microtem, Reggiani Nautica, Simplex Americas, Tides Marine, TOR MARINE SRL, WƒÂ¤rtsilƒÂ¤ Corporation.
The propeller shaft mechanical seals market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Propeller Shaft Mechanical Seals Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Propeller Shaft Mechanical Seals Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Propeller Shaft Mechanical Seals Market - Supply Chain
4.5. Global Propeller Shaft Mechanical Seals Market Forecast
4.5.1. Propeller Shaft Mechanical Seals Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Propeller Shaft Mechanical Seals Market Size (000 Units) and Y-o-Y Growth
4.5.3. Propeller Shaft Mechanical Seals Market Absolute $ Opportunity
5. Global Propeller Shaft Mechanical Seals Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Propeller Shaft Mechanical Seals Market Size and Volume Forecast by Type
5.3.1. Boat
5.3.2. Ship
5.3.3. No specific
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Propeller Shaft Mechanical Seals Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Propeller Shaft Mechanical Seals Market Size and Volume Forecast by Application
6.3.1. OEMs
6.3.2. Aftermarket
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Propeller Shaft Mechanical Seals Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Propeller Shaft Mechanical Seals Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Propeller Shaft Mechanical Seals Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Propeller Shaft Mechanical Seals Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Propeller Shaft Mechanical Seals Demand Share Forecast, 2019-2026
9. North America Propeller Shaft Mechanical Seals Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Propeller Shaft Mechanical Seals Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Propeller Shaft Mechanical Seals Market Size and Volume Forecast by Application
9.4.1. OEMs
9.4.2. Aftermarket
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Propeller Shaft Mechanical Seals Market Size and Volume Forecast by Type
9.7.1. Boat
9.7.2. Ship
9.7.3. No specific
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Propeller Shaft Mechanical Seals Demand Share Forecast, 2019-2026
10. Latin America Propeller Shaft Mechanical Seals Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Propeller Shaft Mechanical Seals Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Propeller Shaft Mechanical Seals Market Size and Volume Forecast by Application
10.4.1. OEMs
10.4.2. Aftermarket
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Propeller Shaft Mechanical Seals Market Size and Volume Forecast by Type
10.7.1. Boat
10.7.2. Ship
10.7.3. No specific
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Propeller Shaft Mechanical Seals Demand Share Forecast, 2019-2026
11. Europe Propeller Shaft Mechanical Seals Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Propeller Shaft Mechanical Seals Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Propeller Shaft Mechanical Seals Market Size and Volume Forecast by Application
11.4.1. OEMs
11.4.2. Aftermarket
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Propeller Shaft Mechanical Seals Market Size and Volume Forecast by Type
11.7.1. Boat
11.7.2. Ship
11.7.3. No specific
11.8. Basis Point Share (BPS) Analysis by Type
119. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Propeller Shaft Mechanical Seals Demand Share, 2019-2026
12. Asia Pacific Propeller Shaft Mechanical Seals Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Propeller Shaft Mechanical Seals Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Propeller Shaft Mechanical Seals Market Size and Volume Forecast by Application
12.4.1. OEMs
12.4.2. Aftermarket
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Propeller Shaft Mechanical Seals Market Size and Volume Forecast by Type
12.7.1. Boat
12.7.2. Ship
12.7.3. No specific
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Propeller Shaft Mechanical Seals Demand Share, 2019-2026
13. Middle East & Africa Propeller Shaft Mechanical Seals Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Propeller Shaft Mechanical Seals Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Propeller Shaft Mechanical Seals Market Size and Volume Forecast by Application
13.4.1. OEMs
13.4.2. Aftermarket
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Propeller Shaft Mechanical Seals Market Size and Volume Forecast by Type
13.7.1. Boat
13.7.2. Ship
13.7.3. No specific
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Propeller Shaft Mechanical Seals Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Propeller Shaft Mechanical Seals Market: Market Share Analysis
14.2. Propeller Shaft Mechanical Seals Distributors and Customers
14.3. Propeller Shaft Mechanical Seals Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Chatfield Engineering
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. CJR Propulsion
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Eliche Radice
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. IHC Lagersmit
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Italian Propellers
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. MAUCOUR FRANCE
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Microtem
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Reggiani Nautica
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Simplex Americas
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Tides Marine
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. TOR MARINE SRL
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Wärtsilä Corporation
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
