Global Fluid Rotary Unions Industry Was 583.4 Million USD In 2019
Friday, 15 Nov, 2019
Fluid Rotary Unions are precision mechanical devices used to transfer fluid from a stationary source, such as a supply pipe, into a rotating piece of machinery.
The Fluid Rotary Unions industry was 583.4 million USD in 2019 and is projected to reach USD 731.2 million USD by 2025, at a CAGR (Compounded Annual Growth Rate) of 3.84% between 2019 and 2025.
The industry is relatively fragmented, the key brand includes Moog, Columbus McKinnon, Kadant, RIX, SRS, Dynamic Sealing Technologies, MOFLON, GAT, Rotary Systems, BGB Innovation, Deublin, Talco.
The leading companies own the advantages on better performance, more abundant product’s types, better technical and impeccable after-sales service. Consequently, they take the majority of the market share of high-end market. Looking to the future years, the slow downward price trend in recent years will maintain. As competition intensifies, prices gap between different brands will go narrowing. Similarly, there will be fluctuation in gross margin.
The industry is expected to remain innovation-led, with frequent acquisitions and strategic alliances adopted as the key strategies by the players to increase their industry presence. Market stays in mature period with a clear concentration. Meanwhile, optimize product mix and further develop value-added capabilities to maximize margins. Manufacturers can take advantage of this situation by reinforcing their production units and supply-chains to avoid any delay in production turn-around-times (TAT) and supply-lead-times.
Despite the presence of competition problems, due to the global recovery trend is clear, investors are still optimistic about this area, the future will still have more new investment enter the field. Even so, the market is intensely competitive. The study group recommends the new entrants just having money but without technical advantage and upstream and downstream support do not to enter into this field.