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    Aircraft Fabricated Seals Market Report

    Aircraft Fabricated Seals Market Report
    Report code - SR1052 Published On : Aug,2021 No. of Pages: 120
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    Aircraft Fabricated Seals Market Size, Share, Trend, Forecast, Competitive Analysis, and G See more...

    Impact of COVID-19 on Aircraft Fabricated Seals Market

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

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    Impact of COVID-19 on Aircraft Fabricated 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 Highlights

    Fabricated seals are majorly airframe profile seals fabricated into various shapes and sizes to improve an aircraft's aerodynamic efficiency. These fabricated seals are manufactured through either hand-fabrication, pull-thru, and strip-mold processes with greater precision over detail and quality-assured through 100% inspection to offer reliability in service and efficiency in assembly and maintenance. Advancements in processing technologies, such as increasing usage of advanced finite element analysis combined with product qualification programs, are likely to further create huge potential in the market in the years to come.   

    The aircraft fabricated seals market blossomed at a healthier pace till 2018. In 2019, the market registered a marginal downfall due to the grounding of the B737 max and delays in market entries of the most awaited programs, such as COMAC C9191, Irkut MC-21, and Boeing B777x. While the industry was expecting a quick recovery in the demand for fabricated seals in 2020; but, the rapid spread of the pandemic entirely flipped the entire market dynamics, deepening the existing industry challenges including delays in B737 max re-approval. Ultimately, the pandemic forced the leading aircraft manufacturers to curtail their key aircraft production rates. As a result of that, Stratview Research estimates that the market for aircraft fabricated seals registered a hefty decline of -27.5% in 2020.

    The long-term outlook still seems fruitful, well backed by the industry’s strong fundamentals. The lift of Boeing’s B737Max in October 2020, gradual opening up of travel restrictions, and rebounding aircraft deliveries are among the few key factors signaling towards the industry’s take off to a healthy recuperation, helping the aircraft fabricated market stakeholders to recoup at a propitious rate of 8.8% to reach US$ 0.95 Billion in 2026.

    Market Segments' Analysis

    Based on the aircraft type, the aircraft fabricated seals market is segmented as commercial aircraft, regional aircraft, helicopter, military aircraft, and general aviation. Despite a gradual decline in 2020, commercial aircraft is expected to remain the largest and the fastest-growing segment of the market during the forecast period. Stringent regulations regarding CO2 emission and high demand for fuel-efficient and lightweight aircraft, market entry of new players, such as COMAC and Irkut, rebounding aircraft deliveries, and resumption of B737Max are some of the key factors propelling the demand for fabricated seals in the commercial aircraft segment.

    IATA’s estimates on December 2019 (Pre-COVID 19) suggested a positive 4.1% growth in RPKs in 2020, whereas the latest estimates (December 2020) of the organization address the possible impact of the pandemic in the airline industry and reveal a mammoth decline of 66% in RPKs equivalent to a loss of US$ 418 billion of airline passenger revenues in 2020. Despite all breath-taking market conditions, the long-term outlook still seems positive with good opportunities lying in the industry once the headwinds of the pandemic turn into tailwinds. Huge order backlogs of Boeing and Airbus, asserting them to produce aircraft for more than seven years at the current production rate.

    Based on the application type, the aircraft fabricated seals market is segmented as airframe, nacelles & engines, landing gear wheels & brakes, and others. The airframe segment is expected to remain most dominant, whereas landing gear wheels & brakes to be the fastest-growing segment of the market during the forecast period. The large surface area of the airframe with the need for better aerodynamics and drag reduction is the major factor behind the dominance of airframe applications in the market.

    Based on the motion type, the market is segmented as static seals and dynamic seals. Static seals are expected to remain the larger and faster-growing segment of the market during the forecast period. Frequent overhaul of dynamic seals is the major factor behind the higher growth of dynamic seals in the market.

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

    Asia-Pacific is likely to witness 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 supply chain of this market comprises several nodes including raw material suppliers, seals manufacturers, tier players, aircraft and engine OEMs, airlines, aircraft leasing companies, and MRO companies. The following are the key players in the aircraft fabricated seals market.

    • Eaton Corporation
    • EnPro Industries
    • Freudenberg Group
    • Hutchinson SA
    • Meggitt Plc
    • Parker-Hannifin Corporation
    • Saint Gobain
    • SKF Group
    • TransDigm Group
    • Trelleborg Group

    Research Methodology

    This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s aircraft fabricated seals market realities and future market possibilities for the forecast period of 2021 to 2026. After a continuous interest in our Aircraft Seals market report from the industry stakeholders, we have tried to further accentuate our research scope to the aircraft fabricated seals market in order to provide the most crystal-clear picture of the market. The report segments and analyses 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 identifying the low-hanging fruits available in the market and formulating 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 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 fabricated seals market is segmented into the following categories.  

    Aircraft Fabricated Seals 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)
    • Helicopters (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 Fabricated Seals Market, by Application Type

    • Airframe (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Nacelles & Engines (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Landing Gear Wheels & Brakes (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Aircraft Fabricated Seals 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 Fabricated Seals 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 Fabricated Seals 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)

    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]

    Frequently Asked Questions (FAQs)

    The aircraft fabricated seals market is estimated to grow at a healthy CAGR of 8.8% by 2026.

    Trelleborg Group, Freudenberg Group, Hutchinson SA, Eaton Corporation, EnPro Corporation, Meggitt Plc, Parker-Hannifin Corporation, Saint Gobain, SKF Group, TransDigm Group are among the key players in the aircraft fabricated seals market.

    North America is estimated to remain dominant in the aircraft fabricated seals market in the foreseen future.

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