Transportation Seals Market Report
Transportation Seals Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2021-2026 See less
Transportation Seals Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2021-2026
Transportation Seals Market is Segmented by Platform Type (Aerospace, Automotive, Rail, Marine, Powersports, and Others), by Product Type (Profile Seals, Lip Seals, Gaskets, O-Rings, and Others), by Material Type (Elastomers, Thermoplastics, and Metals), by Motion Type (Static Seals, Linear Seals, and Rotary Seals), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
Seals signify a fraction of the vehicle’s total cost but are the indispensable product for the overall functioning of any vehicle. A wide variety of sealing solutions are used in all types of vehicles from big spacecraft propulsion to small bicycles suspension systems. For instance, 100s of seals are tested before using a single seal into a spacecraft, whereas 2,000+ unique seals are used in a modern aircraft. The manufacturing of seals is all about the material, design, and performance required for different applications.
Transportation is the backbone of the economy and an integral part of every country. The transportation industry, mainly automotive, is currently facing serious upheaval as the entire industry is in the middle of a transformation from combustion drive to hybrid or E-Battery with a sole aim to protect the environment from hazardous exhaust gas emitted by the vehicle. Among all the industries, automotive extensively utilize seals to avoid the leakage or spillage of fluids and gases. The seals manufacturing companies are rigorously performing R&Ds to develop special seals to be ahead in the competition. CEO of Freudenberg, a European company, said that they are well prepared for the changes in the automotive industry and can provide innovative products for automobiles for both, ICE as well as hybrid vehicles.
The spread of the COVID-19 pandemic ruthlessly impacted the transportation sector, shattering all hopes of recovery in 2020 with huge short- as well as long-term repercussions. The COVID-19 pandemic impairs not only demand but also production, procurement, and the supply chain. Aircraft and Automotive, the two biggest markets for seals, were among the worst-affected industries by the pandemic in 2020. This broke the long-lasting positive streak for many leading companies like Trelleborg. Stratview Research’s estimates suggest that the market is likely to pick up the pace from 2021 onwards to ultimately cross the unprecedented landmark figure of US$ 27.0 Billion by 2026.
Based on the platform type, the market is segmented as aerospace, automotive, rail, marine, powersports, and others. Automotive is likely to remain the most dominant as well as the fastest-growing platform type of the market during the forecast period, driven by the large production of automobiles coupled with continuous advancements in seals. The usage of seals varies from platform-to-platform types. For instance, the aerospace industry relies on high-performance sealing solutions to withstand harsh conditions.
Based on the product type, the market is segmented as profile seals, lip seals, gaskets, O-rings, and others. Profile seals are likely to maintain their dominance in the market during the forecast period. The dominance is majorly due to the wide application of profile seals into a vehicle’s door, hood, trunk, and windows, to seal out unwanted environmental elements, such as wind, water, dust, and noise.
Based on the motion type, the market is segmented as static seals, linear seals, and rotary seals. Static is likely to remain the largest motion type segment of the market during the forecast period. Static seals, such as gaskets, profile seals, and O-rings, are used in all types of vehicles in a multitude of applications such as engines, power transmissions, doors, and windows. Another factor that supports the dominance of static seals in the market is the widespread usage of profile seals to enhance the aesthetic of passenger cars and caravans.
The market is segmented as elastomer seals, thermoplastic seals, and metal seals based on the material type. Elastomer is expected to remain the dominant material type in the market during the forecast period. Elastomer seals are predominantly used across platform types, owing to their excellent properties including high flexibility, excellent chemical resistance from a wide array of chemicals, high thermal resistance, and high flexural strength.
In terms of region, Asia-Pacific is projected to maintain its supremacy in the market during the forecast period. The region is also likely to grow at the fastest pace in the post-pandemic market developments. The Chinese automotive industry is witnessing a speedy recovery after the containment of the COVID-19 pandemic. Japan, India, and South Korea have also been recovering with the resumption of production of OEMs and tier players. North America and Europe also offer sizeable growth opportunities in the years to come.
The supply chain of this market comprises raw material suppliers, transportation seal manufacturers, distributors, OEMs, and end users
Some of the key players in the transportation seals market are-
The key end-users of this market include aircraft OEMs, automotive OEMs, rolling stock manufacturers, boat manufacturers, and bicycle manufacturers, etc.
This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s transportation seals market realities and future market possibilities for the forecast period of 2021 to 2026. 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 as well as investors in the identification of the low-hanging fruits available in the market as well as to 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 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 30 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.
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:
The transportation seals market is segmented into the following categories.
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The transportation seals market is estimated to grow at a healthy CAGR of 4.3% by 2026.
Compagnie de Saint-Gobain S.A., Cooper Standard, Toyoda Gosei Co., Ltd., Parker-Hannifin Corporation, Hutchinson SA, Trelleborg AB, Meggitt Plc, TransDigm Group Incorporated (Kirkhill), and Freudenberg Group are the leading players in the transportation seals market.
Asia-Pacific is estimated to remain dominant in the transportation seals market in the foreseen future.
The transportation seals market size is expected to reach US$ 27.0 Billion in the foreseeable future.
Elastomer is expected to remain the dominant material type in the transportation seals market in the coming years.
Static is likely to remain the largest motion type in the transportation seals market during the next five years..
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