Global Aircraft Engine Seals Market (2021 to 2026) – Size, Share, Trend, Forecast, Competitive Analysis and Growth Opportunities – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Aircraft Engine Seals Market Size, Share, Trend, Forecast, Competitive Analysis and Growth Opportunity: 2021-2026” report has been added to from ResearchAndMarkets.com offer.

Aircraft engines have evolved tremendously throughout the aviation industry’s journey, as they play the most central role in an aircraft. Most innovations to an aircraft engine primarily target three areas: more power, more durability, and more efficiency. Almost all engine systems and their components have gone through a disruptive journey with significant changes in design, technology and materials. Gaskets are also not spared from such market dynamics and have seen significant changes in design and materials over the period. Seals are among the most important components of an aircraft, used in countless applications in an aircraft – from exterior flaps to cockpit windshields. Moreover, although they are only a small part of a modern aircraft, they are crucial to its operation – if they fail, they can compromise the performance of the whole aircraft.

In 2020, the aircraft engine seals market witnessed its largest decline in the past 16 years, primarily driven by the rapid onset of the COVID-19 pandemic. The aviation industry was already under immense pressure due to several factors that halted the growth of the market, including the grounding of the B737 Max. The rapid spread of the pandemic has further deteriorated the health of the industry and severely affected the entire industry ecosystem, including aircraft engine seals. According to IATA’s recent impact assessment, total global passenger airline revenue fell by around US$418 billion in 2020, down 66% from 2019 revenue. ; with a decline of more than 88% in international RPKs and 51% in domestic RPKs. However, growth in the first half of 2021 is shaping hopes for a recovery.

Despite the short-term demand fiasco, the long-term growth outlook still looks favourable, credit goes to strong market fundamentals (huge pile of order books from Boeing, Airbus and COMAC, expected increase in air traffic of passengers, development of next-generation aircraft, etc.). The aircraft engine seals market is expected to rebound from 2021, eventually leading the market to cross the historic figure of US$0.5 billion in 2026. LEAP engines are the highlights of the market. However, to align with market conditions, Safran/CFM has reduced its LEAP engine deliveries to 815 engines in 2020 from 1,736 engines in 2019. The company aims to return to 2019 LEAP engine deliveries level of by 2024. With an expected recovery in 2021 due to the takeover of the B737 Max, the two largest aeronautical engine manufacturers GE and Safran; aims to increase their revenue by unveiling low-emission jet engines.

Key players

The supply chain of this market includes raw material suppliers, aircraft engine gasket manufacturers, distributors, level players, aircraft engine OEMs, aircraft OEMs and service companies. MRO. The main manufacturers of gaskets for aircraft engines are:

  • Hutchinson AG

  • Trelleborg AB

  • Meggitt PLC

  • TransDigm Group Inc.

  • Freudenberg Group

  • Eaton Corporation Plc

  • Parker-Hannifin Corporation

  • Green tweed

  • Saint-Gobain SA

  • SKF Group

Main topics covered:

1. Summary

2. Aircraft Engine Gaskets Market Overview and Segmentation

2.1. Aircraft Engine Gaskets Market Segmentation

2.1.1. By aircraft type

2.1.2. By type of request

2.1.3. By type of function

2.1.4. By type of material

2.1.5. By type of movement

2.1.6. By region

2.2. PEST analysis

2.3. Supply chain analysis

2.4. Industry Life Cycle Analysis

2.5. Market factors

2.6. Market challenges

3. Aircraft Engine Gaskets Market – The Impact Assessment of COVID-19

3.1. Aircraft Engine Seals Market Trend and Forecast (USD Million)

3.2. Pre-COVID vs post-COVID assessment

3.3. Real GDP Loss vs Aircraft Engine Seals Market Loss (2020-2021)

3.4. Analysis of market scenarios: pessimistic, most probable and optimistic scenarios

4. Competitive Analysis

4.1. Level of market consolidation

4.2. Regional competitive dynamics

4.3. Market share analysis

4.4. Product portfolio analysis

4.5. Geographical presence

4.6. New product launches

4.7. strategic alliances

4.8. Porter’s Five Forces Analysis

5. Aircraft Engine Seals Market Trend and Forecast by Aircraft Type (2015-2026)

6. Aircraft Engine Gaskets Market Trend and Forecast by Application Type (2015-2026)

7. Aircraft Engine Gaskets Market Trend and Forecast by Function Type (2015-2026)

8. Aircraft Engine Gaskets Market Trend and Forecast by Material Type (2015-2026)

9. Aircraft Engine Seals Market Trend and Forecast by Motion Type (2015-2026)

9.1. Segment Analysis

9.2. Static Seals: Regional Trends and Forecasts (USD Million)

9.3. Dynamic Seals: Regional Trends and Forecasts (USD Million)

10. Aircraft Engine Seals Market Trend and Forecast by Regions (2015-2026)

11. Strategic Growth Opportunities

12. Company Profile of Major Players (Listed Alphabetically)

12.1. Eaton Corporation Plc

12.2. Freudenberg Group

12.3. Green tweed

12.4. Hutchinson AG

12.5. Meggitt Plc

12.6. Parker-Hannifin Corporation

12.7. Saint-Gobain SA

12.8. SKF Group

12.9. TransDigm Group Inc.

12.10. Trelleborg AB

For more information on this report, visit https://www.researchandmarkets.com/r/bnttzv

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