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    Aircraft O Rings Market Report

    Aircraft O Rings Market Report
    Report code - SRAD343 Published On : Jun,2024 No. of Pages: 150
    Aircraft O-rings Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opp See more...

    “Aircraft O-rings Market is likely to grow at a decent CAGR of 3.2% in the long run to reach US$ 174 Million in 2032.”

    Market Dynamics

    Introduction

    Stratview Research’s comprehensive Aircraft O-rings Market report identifies and profiles key industry players, along with providing estimates of O-rings consumption. The report goes beyond basic market size, it offers a breakdown of O-ring consumption across different aircraft applications, such as engines, nacelles, interiors, etc. This in-depth study equips industry stakeholders with a powerful tool to navigate the complexities of the Aircraft O-rings Market and make informed strategic decisions.

    COVID-19 had a devastating impact on the aerospace industry, with the Aircraft O-rings Market experiencing a significant decline of more than 30% in 2020. Now the market is gradually recovering with the rise in RPK along with an increasing military aircraft fleet. The expected rise in the production rate of key programs [A220, A320neo family, A350XWB, B737Max, and B787], entry of new programs [C919, B777x, etc.], and growing aircraft fleet are further likely to drive the demand for aircraft O-rings. Changing geopolitical conditions, supply chain disruptions, and labor shortages are affecting the aerospace industry’s recovery. The impact of this has been felt across the value chain, including in the aircraft O-rings business.

    Recent Market JVs and Acquisitions: A few strategic alliances including M&As, JVs, etc. have been performed over the past few years:

    • In 2024, AFC Industries acquired Supaseals, which is a UK-based company. Supaseal supplies a wide range of O-rings, rotary shaft seals, bonded seals, circlips, and associated products to customers in the UK, Europe, the USA, and the Middle and Far East. It supplies O-rings for various industries such as aerospace, oil & gas, petrochemicals, and pharmaceuticals.
    • In 2020, Saint-Gobain acquired High Tech Metal Seals. The acquisition resulted in high growth of Saint Gobain’s Aerospace business and helped the company to expand its footprint notably in the Asian market.

    Market Segments' Analysis

    Segmentations

    List of Sub-Segments

    Dominant and Fastest-Growing Segments

    Aircraft-Type Analysis

    Commercial Aircraft, Regional Aircraft, Military Aircraft, General Aviation, and Helicopters

    Commercial aircraft is expected to be the dominant as well as the fastest-growing segment of the market during the forecast period.

    Application-Type Analysis

    Nacelles & Engines, Interiors, Landing Gear, Wheels and Brakes, Flight Control Actuation and Hydraulics, and Others

    Interiors are expected to be the dominant segment of the market throughout the study period, whereas flight control actuation and hydraulics are expected to be the fastest-growing segment of the market.

    Material-Type Analysis

    Elastomeric Seals, Thermoplastic Seals, and Metallic Seals

    Elastomer seals are expected to maintain their lead in the Aircraft O-rings Market from 2024 to 2032.

    Motion-Type Analysis

    Static Seals and Dynamic Seals

    Static seals are expected to hold the larger share of the market, whereas dynamic seals are expected to be the fastest-growing of the market during the study period.

    End-User-Type Analysis

    OE and Aftermarket

    OE is anticipated to contribute a larger share, whereas aftermarket is expected to be the faster-growing end-user of the market.

    Region Analysis

    North America, Europe, Asia-Pacific, and The Rest of the World.

    North America is expected to remain a dominant region of the market during the forecast period.

     

    By Aircraft Type

    Commercial aircraft is expected to remain dominant as well as the fastest-growing aircraft type during the forecast period”.

    • On the basis of aircraft type, the market is segmented into commercial aircraft, regional aircraft, helicopters, military aircraft, and general aviation.
    • Commercial aircraft is expected to remain dominant as well as the fastest-growing segment in the coming years. The commercial aircraft segment is being driven by increasing aircraft deliveries, fleet size, and new efficient variants of existing aircraft. Airbus forecasts a demand for 32,630 single-aisle and 8,220 wide-body aircraft over the next 20 years. 
    • Military aircraft is the second-largest aircraft category. The aircraft type is driven by increasing defense expenditure. Global defense spending rose to US$ 2.1 trillion in 2023. Large increases were recorded in Europe, Asia Oceania, and the Middle East.

    By Application Type

    Interiors is expected to remain the dominant application of the market during the forecast period”.

    • High use of static seals in aircraft interiors leads to higher adoption of O-rings. O-rings used for aircraft interiors must address key properties such as fire retardancy and aesthetically pleasantness.
    • Strict fire safety regulations in aircraft interiors necessitate O-rings that meet specific flame retardancy standards. While some elastomers can be treated for fire resistance, other materials like certain thermoplastics might offer inherent fire-retardant properties.

    By Material Type

    Elastomer seals are expected to remain the most dominant material type in the market during 2024-2032”.

    • Elastomer O-rings offer a gamut of advantages including high-and-low-temperature operating conditions, greater flexibility, excellent corrosion resistance, and insulative properties.
    • Thermoplastic seals is likely to grow at the fastest pace, driven by their greater acceptance in high-performance applications owing to their excellent resistance against abrasion, wear, extrusion, and temperature.
    • The Russo-Ukrainian war led to several changes in the market dynamics, especially at the raw material level. The ban on imports from Russia after the war led to an acute increase in the price of all Russian-dependent materials, whose tremor was felt across the value chain including aircraft O-rings.

    By End-User Type

    OE is expected to hold the larger share of the market during 2024-2032, whereas aftermarket is expected to be the faster-growing segment of the Aircraft O-rings Market.”

    • All the aircraft categories are likely to contribute to the OE segment in the coming years owing to increasing production rates to meet mounting order backlogs.
    • Airbus forecasts demand for freighter aircraft is expected to reach 2,510 over the next 20 years, with ~920 newly built.
    • Higher growth is expected in the aftermarket level in the next two years, driven by higher investments by airlines in MRO activities to bring parked aircraft back into the active fleet. On average, 2% to 3% of the commercial jet fleet is replaced every year.

    Regional Analysis

    North America is expected to remain the largest market for Aircraft O-rings during the forecast period.

    • North America has a huge commercial aircraft fleet size. It is the preferred manufacturing hub of the aerospace industry. The presence of a large number of aircraft and engine OEMs, such as Boeing, Bombardier, Gulfstream Aerospace Corporation, GE Aerospace, and Pratt & Whitney.
    • The USA drives North America’s market, The region’s technological advancements, huge R&D investments, and stringent environmental regulations have led to the adoption of sustainable and advanced O-rings.
    • Approximately, 80% of the world’s regional jet fleet is based in North America. In 2022, +2,100 regional jets were in service in North America and Europe.
    • Despite several setbacks faced by Boeing over the past three years, North America still manages its gigantic lead in the market. Airbus has been increasing its supply chain in North America, including a rise in the aircraft assembly. Whereas Boeing is focusing more on its quality.
    • China, India, and Japan to impact Asia-Pacific’s market. India’s fleet will add aircraft at a rate of almost 13% over the first five years and nearly 10% for the 10-year forecast period.

    Key Players

    The market is fragmented with the presence of over 100 players across the region. Most of the major players compete in some of the governing factors including price, service offerings, regional presence, etc.  The Aircraft O-rings Market has a large presence of regional and local players especially at the aftermarket level. The following are the key players in the Aircraft O-rings Market.

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

     

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

    Are you the leading player in this market? We would love to include your name. Write to us at sales@stratviewresearch.com

    Report Features

    This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for 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, Service portfolio, New Product Launches, etc.
    • COVID-19 impact and its recovery curve
    • Attractive market segments and associated growth opportunities.
    • Emerging trends.
    • Strategic growth opportunities for the existing and new players.
    • Key success factors.

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

    Aircraft O-rings Market, by Aircraft Type

    • Commercial Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Regional Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Military Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Helicopter (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 O-rings (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Dynamic O-rings (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: Japan, China, India, and Rest of Asia-Pacific) 
    • Rest of the World (Country Analysis: Brazil, Saudi Arabia, and Others)

    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. 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 market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate 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 1,000 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 market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

    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: Service portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across 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 sales@stratviewresearch.com

    Frequently Asked Questions (FAQs)

    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.

    The Aircraft O-rings Market is estimated to grow at a CAGR of 3.2% by 2032, driven by a recovery in air passenger traffic, a surge in the production rate of key programs, rapidly expanding aircraft fleet size, rising military expenditure, and aging aircraft fleet size.

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

    Commercial aircraft will offer high-growth opportunities in the coming years. Commercial aircraft is driven by increasing aircraft deliveries, fleet size, and new efficient variants of existing aircraft. Airbus forecasts a demand for 32,630 single-aisle and 8,220 wide-body aircraft over the next 20 years. among materials, thermoplastic O-rings are driven by their greater acceptance in high-performance applications owing to their excellent resistance against abrasion, wear, extrusion, and temperature.

    India is estimated to remain the fastest-growing market for Aircraft O-rings Market in the foreseeable future. India will become an attractive market for all categories. India's rapidly growing population and rising disposable income are fuelling a surge in domestic and international air travel. In 2023, IndiGo and Air India together placed orders for 970 planes.

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