Material Handling Seals Market is Forecasted to Reach US$1.6 Billion in 2031, Says Stratview Research

The global Material Handling Seals market size was valued at US$1.2 billion in 2024 and is projected to reach US$1.6 billion by 2031, witnessing a market growth CAGR of 3.5% from 2025 to 2031, according to an analysis by Stratview Research.

Stratview Research, a global market research firm, has launched a report on the global Material Handling Seals market, which provides a comprehensive outlook of the global and regional industry forecast, current & emerging market trends, segment analysis, competitive landscape, & more.

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Market Statistics:

Market Size in 2024: US$1.2 billion
Market Size in 2031: US$1.6 billion
Growth (CAGR): 3.5% during 2025-2031
Leading Application Type: Forklift
Leading Material Type: Thermoplastic Seals
Leading Product Type: Lip Seals
Leading Motion Type: Rotary Seals
Leading Region: Asia-Pacific
Forecast Period: 2025-2031
Trend Period: 2019-2023
Base Year: 2024
Number of Segments Covered: 5
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20

Segment Insights & Market Share Analysis of the Material Handling Seals Market:

The global Material Handling Seals market is segmented based on Application type, Material type, Product type, Motion type, and Region.

Based on the application type -

- The material handling seals market is segmented by application type into forklifts and other applications. Among these, the forklift is projected to maintain its dominance during the forecast period.
- Forklifts play an indispensable role in material handling operations across a wide range of industries, including logistics, manufacturing, construction, and warehousing. As the backbone of intralogistics and warehouse automation, forklifts are in constant operation and are subject to demanding working conditions requiring reliable sealing solutions to ensure hydraulic system integrity, prevent fluid leakage, and maintain mechanical performance.

Based on the material type -

- Based on material type, the material handling seals market is divided into elastomeric seals, thermoplastic seals, and metallic seals. Elastomer seals are expected to be the dominating segment, whereas thermoplastic seals are likely to be the fastest-growing segment in the market during the forecast period.
- Elastomeric seals continue to dominate the material handling seals market due to their exceptional flexibility, resilience, and cost-effectiveness. These seals offer excellent resistance to compression, wear, and a wide range of temperatures and pressures, making them ideal for dynamic applications such as hydraulic systems in forklifts and other material handling equipment.

Which region shows the most promising growth forecast and opportunity?

- The Asia-Pacific region is expected to lead the material handling seals market in terms of both size and growth due to its robust industrial expansion, growing manufacturing output, and rising investments in logistics and infrastructure development.
- Countries such as China, India, Japan, and South Korea are major hubs for automotive, electronics, and heavy machinery production, all of which heavily rely on material handling systems that utilize seals for hydraulic and mechanical performance. The region's cost-effective manufacturing capabilities and favorable government policies supporting industrial growth have further accelerated demand for advanced sealing solutions.

Material Handling Seals Market Drivers:

Some of the key drivers listed in the report are given below.

- The Asia-Pacific region is expected to lead the material handling seals market in terms of both size and growth due to its robust industrial expansion, growing manufacturing output, and rising investments in logistics and infrastructure development.
- Countries such as China, India, Japan, and South Korea are major hubs for automotive, electronics, and heavy machinery production, all of which heavily rely on material handling systems that utilize seals for hydraulic and mechanical performance. The region's cost-effective manufacturing capabilities and favorable government policies supporting industrial growth have further accelerated demand for advanced sealing solutions.

Competitive Landscape: Top Companies in the Material Handling Seals Market:

Most of the major players compete in some of the factors, including price, service offerings, regional presence, etc. The following are the key players in the Material Handling Seals Market:

• AB SKF
• EnPro Industries
• Freudenberg Group
• Greene Tweed & Co.
• Hallite Seals International
• Kastas Sealing Technologies
• Saint-Gobain S.A.
• SSP Manufacturing Inc.
• Trelleborg AB

Note: The above list does not necessarily include all the top players in the market.

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What Unique Insights Does This Report Offer?

This report provides comprehensive insights into the Material Handling Seals market, answering critical questions like
- How big is the sales opportunity?
- Which regions offer the best sales opportunities?
- Which are the most attractive market segments?
- Which are the top players and their market positioning?
- How complex is the business environment?
- What are the factors affecting the market?

For Customization or Any Other Queries, get in Touch with our industry experts at sales@stratviewresearch.com

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