“Aircraft O-Rings Market is likely to grow at a decent CAGR of 3.2% in the long run, to reach US$ 174 Million by 2032.”
Market Dynamics
Introduction
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.
Market Drivers
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.
COVID-19 Impact
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.
Segments Analysis
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Segmentations
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List of Sub-Segments
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Dominant and Fastest-Growing Segments
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Aircraft Type
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Commercial Aircraft, Regional Aircraft, Military Aircraft, General Aviation, and Helicopters
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Commercial aircraft is expected to be the dominant as well as the fastest-growing segment of the market during the forecast period.
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Application Type
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Nacelles & Engines, Interiors, Landing Gear, Wheels and Brakes, Flight Control Actuation and Hydraulics, and Others
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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.
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Material Type
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Elastomeric Seals, Thermoplastic Seals, and Metallic Seals
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Elastomer seals are expected to maintain their lead in the market during the forecast period.
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Motion Type
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Static Seals and Dynamic Seals
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Static seals are expected to hold a larger share of the market, whereas dynamic seals are expected to be the fastest growing of the market during the study period.
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End-User Type
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OE and Aftermarket
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OE is anticipated to contribute a larger share, whereas aftermarket is expected to be the faster-growing end-user of the market.
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Region Analysis
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North America, Europe, Asia-Pacific, and The Rest of the World.
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North America is expected to remain a dominant region of the market during the forecast period.
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By Aircraft Type
“Commercial aircraft is expected to remain dominant as well as the fastest-growing aircraft type during the forecast period.”
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On the basis of aircraft type, the market is segmented into commercial aircraft, regional aircraft, helicopters, military aircraft, and general aviation.
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Commercial aircraft are 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.
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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.”
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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.
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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 the forecast period.”
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Elastomer O-rings offer a gamut of advantages including high-and-low-temperature operating conditions, greater flexibility, excellent corrosion resistance, and insulative properties.
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Thermoplastic seals are 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.
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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, whereas aftermarket is expected to be the faster-growing segment of the market during the forecast period.”
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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.
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Airbus forecasts demand for freighter aircraft is expected to reach 2,510 over the next 20 years, with ~920 newly built.
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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 during the forecast period.”
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North America has a huge commercial aircraft fleet size. It is the preferred manufacturing hub of the aerospace industry. The presence of many aircraft and engine OEMs, such as Boeing, Bombardier, Gulfstream Aerospace Corporation, GE Aerospace, and Pratt & Whitney.
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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.
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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.
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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.
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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 (arranged alphabetically).
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 the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.
What Deliverables Will You Get in this Report?
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Key questions this report answers
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Relevant contents in the report
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How big is the sales opportunity?
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In-depth analysis of the Aircraft O-Rings Market
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How lucrative is the future?
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The market forecast and trend data and emerging trends
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Which regions offer the best sales opportunities?
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Global, regional, and country-level historical data and forecasts
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Which are the most attractive market segments?
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Market Segment Analysis and Forecast
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Who are the top players and their market positioning?
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Competitive landscape analysis, Market share analysis
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How complex is the business environment?
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Porter’s five forces analysis, PEST analysis, Life cycle analysis
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What are the factors affecting the market?
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Drivers & challenges
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Will I get the information on my specific requirements?
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10% free customization
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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 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
Recent Market News
A few strategic alliances including M&As, JVs, etc. have been performed over the past few years:
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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.
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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.
