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    Transportation Seals Market Report

    Transportation Seals Market Report
    Report code - SRTI163 Published On : Jul,2021 No. of Pages: 230
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    Transportation Seals Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth See more...

    Impact of COVID-19 on Transportation Seals Market

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

    See more...

    Impact of COVID-19 on Transportation Seals 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 Insights

    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.

    COVID-19 Impact

    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.

    Segments' Analysis

    Transportation Seals Market Share by Platform Type

    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.

    Transportation Seals Market Share by Product Type

    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.

    Transportation Seals Market Share by Motion Type

    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.

    Transportation Seals Market Share by Material Type

    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.

    Regional Analysis

    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. 

    Key Players

    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-

    • Compagnie de Saint-Gobain S.A.
    • Cooper Standard
    • Toyoda Gosei Co., Ltd.
    • Parker-Hannifin Corporation
    • Hutchinson SA
    • Trelleborg A?B
    • Meggitt Pl
    • TransDigm Group Incorporated (Kirkhill)
    • Freudenberg Group

    The key end-users of this market include aircraft OEMs, automotive OEMs, rolling stock manufacturers, boat manufacturers, and bicycle manufacturers, etc.

    Research Methodology

    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.

    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 transportation seals market is segmented into the following categories. 

    Transportation Seals Market Size, Share & Forecast, by Platform Type

    • Aerospace (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Automotive (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Marine (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Rail (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Powersports (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Transportation Seals Market Size, Share & Forecast, by Product Type

    • Profile Seals (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Lip Seals (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Gaskets (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • O-Rings (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Transportation Seals Market Size, Share & Forecast, by Motion Type

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

    Transportation Seals Market Size, Share & Forecast, by Material Type

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

    Transportation Seals Market Size, Share & Forecast, 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: China, Japan, India, 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 sales@stratviewresearch.com

    Frequently Asked Questions (FAQs)

    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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