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    Aircraft O Rings Market Report

    Aircraft O Rings Market Report
    Report code - SRAD343 Published On : Jul,2021 No. of Pages: 239
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    Aircraft O-Rings Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opp See more...

    Impact of COVID-19 on Aircraft O Rings Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Aircraft O Rings Market

    Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Market Highlights

    An O-ring is a torus, or doughnut-shaped ring, also known as packing or a toric joint. It is primarily used for sealing and is designed to be seated in a groove and compressed during assembly between two or more parts, creating a seal at the interface. O-ring is one of the most common seals mainly used for static applications. O-ring is one of the simplest forms of mechanical design and is easy to manufacture into various grades and materials, such as elastomers, thermoplastics, and metals. It can be manufactured through various processes, such as extrusion, injection molding, pressure molding, or transfer molding.

    The booming aerospace industry was first hit by the grounding of the B737Max in 2019. In 2020, the pandemic worsened the industry challenges, causing unimaginable disruption and losses for the stakeholders. The aircraft O-rings market followed suit and logged a massive decline of -28.2% in 2020, creating a lag of more than 5 years in the market.

    Strong fundamentals of the industry, such as a huge pile of order backlogs of Boeing and Airbus; market entry of new and variants of the existing aircraft programs, B777X, A321XLR, C919, and MC-21; resumption of production of B737MAX and A220, will surely help the industry stakeholders including O-ring manufacturers to mark a healthy recovery from the pandemic. The market to recoup at a promising rate of 7.8% to reach US$ 145 Million in 2026.

    Market Segments' Analysis

    Based on the aircraft type, the aircraft O-rings market is segmented as commercial aircraft, regional aircraft, helicopter, military aircraft, and general aviation. Despite experiencing a huge nose-dive in 2020, commercial aircraft is expected to remain the largest and fastest-growing market segment during the forecast period. Increasing production rates of best-selling aircraft programs, market entry of new players, such as COMAC and Irkut, and resumption of B737Max production are some of the key factors propelling the demand for O-rings in the commercial aircraft segment.

    Based on the application type, the market is segmented as nacelles & engines, interiors, landing gear, wheels and brakes, flight control actuation and hydraulics, and others. Interiors are expected to remain the largest segment of the market during the forecast period. High use of static applications in aircraft interiors leads to higher adoption of O-rings. O-rings used for aircraft interiors must address the key properties such as fire retardancy and aesthetically pleasant.

    The market is segmented as elastomeric seals, thermoplastic seals, and metallic seals based on the material type. Elastomer is expected to remain the most dominant material type in the market during 2021-2026. Elastomer O-rings offer a gamut of advantages including high-and-low-temperature operating conditions, greater flexibility, excellent corrosion resistance, and insulative property. Thermoplastic seals are likely to grow at the fastest pace, driven by their greater acceptance in the high-performance application owing to their excellent resistance against abrasion, wear, extrusion, and temperature.

    North America is expected to remain the largest market for aircraft O-rings during the forecast period in terms of regions. The USA is the growth engine of the region’s market with the presence of major aircraft OEMs, tier players, and raw material suppliers. Most of the O-ring suppliers have their presence in the region to address the emergent needs of OEMs and to be the partner for their upcoming aircraft programs or upcoming fuel-efficient variants of existing aircraft programs.

    Asia-Pacific is likely to recover at the fastest rate, witnessing the highest growth during the same period. The highest growth of Asia-Pacific is mainly attributable to the increasing aircraft fleet to support rising passenger traffic; the opening of assembly plants of Boeing and Airbus for multiple aircraft programs; increasing procurement of military aircraft, owing to rising defense budget; and upcoming indigenous aircraft, C919.

    Key Players

    The market for aircraft O-rings is highly fragmented with the presence of a large number of global and regional players. Most of the major players, such as Parker-Hannifin Corp., Freudenberg Group, and Trelleborg AB, are well diversified with the presence in a large variety of seals serving several end markets.  The supply chain of this market comprises several nodes including raw material suppliers, aircraft O-ring manufacturers, tier players, distributors, aircraft and engine OEMs, airlines, and MRO companies. The following are the key players in the aircraft O-rings market.

    • EnPro Industries
    • Freudenberg Group
    • Greene Tweed & Co., Inc.
    • Hutchinson SA
    • Parker-Hannifin Corporation
    • Saint-Gobain S.A.
    • Trelleborg AB

    The development of durable O-rings for critical applications, expansion in untapped and growing markets, and execution of mergers & acquisitions are the key strategies adopted by the major players to maintain a competitive edge in the market.

    Research Methodology

    This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s aircraft O-rings market realities and future market possibilities for the forecast period of 2021 to 2026. After a continuous interest in our aircraft seals market, aircraft engine seals market, and aircraft aerodynamic seals market reports from the industry stakeholders, we have tried to further accentuate our research scope to the aircraft O-rings market in order to provide the most crystal-clear picture of the market. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants and investors in the identification of the low-hanging fruits available in the market and formulate the growth strategies to expedite their growth process.

    This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis.
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
    • Market trend and forecast analysis.
    • Market segment trend and forecast.
    • Competitive landscape and dynamics: Market share, Product portfolio, New Product Launches, etc.
    • Attractive market segments and associated growth opportunities.
    • Emerging trends.
    • Strategic growth opportunities for the existing and new players.
    • Key success factors.

    The aircraft O-rings market is segmented into the following categories. 

    Aircraft O-Rings Market, by Platform Type

    • Commercial Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Regional Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Helicopter (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Military Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • General Aviation (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Aircraft O-Rings Market, by Application Type

    • Nacelles & Engines (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Interiors (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Landing Gear, Wheels, and Brakes (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Flight Control Actuation and Hydraulics (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Aircraft O-Rings Market, by Material Type

    • Elastomeric Seals (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Thermoplastic Seals (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Metallic Seals (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Aircraft O-Rings Market, by Motion Type

    • Static Seals (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Dynamic Seals (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Aircraft O-Rings Market, by End-User Type

    • OE (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Aftermarket (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Aircraft O-Rings Market, by Region

    • North America (Country Analysis: The USA, Canada, and Mexico)
    • Europe (Country Analysis: Germany, France, the UK, Russia, and Rest of Europe)
    • Asia-Pacific (Country Analysis: India, China, Japan, and Rest of Asia-Pacific)
    • Rest of the World (Country Analysis: Brazil, Saudi Arabia, and Others)

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to three players)
    • SWOT analysis of key players (up to three players)

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview research offers custom research services across the sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to [email protected]

    The aircraft O-rings market is estimated to grow at a healthy CAGR of 7.8% by 2026.

    EnPro Industries, Freudenberg Group, Greene Tweed & Co., Inc., Hutchinson SA, Parker-Hannifin Corporation, Saint-Gobain S.A., Trelleborg AB are the leading players in the aircraft O-rings market.

    North America is estimated to remain dominant in the aircraft O-rings market in the foreseen future.

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