A rotary union is a special type of pipeline connecting device that allows the connected pipelines to maintain a sealed connection during rotation or reciprocating motion, thereby conveying various media such as gas, liquid, etc. Rotary unions are widely used in various equipment that require rotation or reciprocating motion, such as machine tools, metallurgical equipment, power generation equipment, etc.
Overview of Market Development
In recent years, with the continuous development of global industrialization and manufacturing, rotary unions, as an important industrial connector, their market demand for has shown a steady growth trend. According to our research data, the global rotary union market revenue in 2023 was $491 million, an increase of 2.74% compared to 2022. It is expected that the market revenue will continue to increase to $582 million by 2028.
Analysis of Market Competition Pattern
From the perspective of market competition, the concentration of the global rotary union market is low. According to the data, the total revenue of the top 3 enterprises for rotary union in 2023 was $76.79 million, with a total revenue share of 15.64%. The top three companies were Deublin Company, Christian Maier GmbH & Co. KG, and Dynamic Sealing Technologies, Inc. In 2023, these three companies accounted for 5.76%, 5.10%, and 4.78% of the global market revenue in the rotary union market, respectively.
Global Rotary Union Market Revenue Forecast and Competitive Landscape
Source: www.globalmarketmonitor.com
Segmented Market Analysis
From the perspective of product types, rotary unions can usually be divided into two categories based on channel performance: single-channel rotary unions and multi-channel rotary unions. Among them, single-channel rotary unions occupy a larger market share, reaching 58.61% in 2023.
From the perspective of downstream application patterns, the application of rotary unions involves many industries and fields such as automobiles, agriculture, petroleum, natural gas, plastics, rubber, tires, textiles, metals, and manufacturing. Among them, the automotive industry is the largest downstream application market, with a market share of 22.82% in 2023.
From a regional perspective, the global rotary union market is mainly concentrated in North America, Europe, and the Asia Pacific region. These three major regions account for over 85% of the global market share. Among them, North America is the largest sales market, and data shows that the sales share of North American rotary unions in 2023 was 32.32%; The Asia Pacific and European markets ranked second and third with 29.81% and 23.62% respectively.
Global Rotary Union Market Share by Type, Application, and Region in 2023
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Market Share
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Segmented by Type
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Single-Channel Rotary Unions
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58.61%
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Multi-Channel Rotary Unions
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41.39%
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Segmented by Application
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Automotive
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22.82%
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Agriculture
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18.20%
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Oil & Gas
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16.80%
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Plastics & Rubbers & Tires
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13.69%
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Textiles Industry
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7.90%
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Metal Industry
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5.10%
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Manufacturing
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12.50%
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Others
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2.99%
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Segmented by Region
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North America
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32.32%
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Europe
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23.62%
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Asia Pacific
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29.81%
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South America
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7.83%
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Middle East & Africa
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6.42%
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Source:
www.globalmarketmonitor.com
For more industry information, please refer to our latest released "2023 Global Rotary Union Market Analysis Report, Key Competitors, Market Effect Factors, Growth, And Forecast".
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