Aircraft Gaskets Market
Report code - SRAD164 | Published On : Oct,2018 | Status: Published | No. of Pages: 249

Aircraft Gaskets Market by Aircraft Type (Commercial Aircraft, Regional Aircraft, Helicopter, Military Aircraft, and General Aviation), by Application Type (Airframe, Landing Gear, Wheels & Brakes, Engine, and Others), by Material Type (Polymer Gaskets, Metal Gaskets, Composite Gaskets, and Conductive Gaskets), by End-User Type (OE and Aftermarket), and by Region (North America, Europe, Asia-Pacific, and Rest of the World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2019-2024

This report, from Stratview Research, studies the global aircraft gaskets market over the trend period of 2013 to 2018 and the forecast period of 2019 to 2024. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

The Global Aircraft Gaskets Market: Highlights

The aircraft industry represents less than 1% of the total gaskets market but is expected to be one of the fastest-growing markets for gaskets in the coming five years. The global aircraft gaskets market is projected to grow at a healthy rate over the next five years to reach US$ 249.5 million in 2024. Increasing production rates of key aircraft programs, such as B737, B787, A320, and A350XWB; increasing demand for fuel-efficient aircraft; advancement in gasket materials; and rising global aircraft fleet size are the major factors mushrooming the growth of the market. The market for aircraft gaskets is gradually consolidating as the major companies are performing mergers & acquisitions to quickly gain the leading position in the market. For instance; TransDigm Group Incorporated, a leading global designer, producer, and supplier of highly engineered aircraft components, acquired the Kirkhill Elastomers business of Esterline Technologies at a total purchase price of US$ 50 million in cash.  Kirkhill Elastomers is one of the leading companies in the aircraft gaskets market.

 

Aircraft gaskets market forecast

 

A gasket is a mechanical seal that fills the space between two mating surfaces that seals and isolates an enclosure. The shape of a gasket depends on its application like it is cut down in such a way to match the shape of the matt surface. Gaskets are used in the multiple areas of an aircraft in order to serve a wide array of functions, such as environmental sealing purposes, pressure retaining, vibration damping, fire-resistant or fireproof, and EMI/RFI shielding. Gaskets in the aircraft industry are exposed to a wide range of challenging and operating conditions, such as high-temperature and -pressure, aggressive chemicals, weightlessness, high frequency of oscillation, threat of fire and explosion. Hence, it becomes necessary to select a sealing material that can handle such harsh and extreme environment. The most commonly used materials for making gaskets in the aircraft industry are metals, composites, conductive, and polymers. The latter one comprises elastomers, such as silicone, fluorosilicone, polytetrafluoroethylene (PTFE), rubber, and thermoplastics.

Increasing production rates of key commercial aircraft programs are primarily driving the demand for aircraft gaskets. Both major commercial aircraft OEMs, Airbus and Boeing, are incessantly increasing the production of their best-selling aircraft programs in order to meet huge order backlogs of 13,315 commercial aircraft as of September 30, 2018. Irkut and COMAC, the newcomers in the commercial aerospace industry, also hold excellent order backlogs of their upcoming commercial aircraft programs, which is likely to further substantiate the demand for gaskets in the coming years. Also, aircraft OEMs have been introducing the fuel-efficient variants of their best-selling aircraft programs with the purpose to address the biggest requirement of the airline industry, which is the fuel-efficient aircraft. Introduction of lightweight, leakage prevention, and durable gaskets are the focal points of gasket manufacturers, helping them to gain momentum in the market.

 

Aircraft gaskets market segmentation

 

The market is segmented based on the aircraft type as commercial aircraft, regional aircraft, helicopter, military aircraft, and general aviation. Commercial aircraft is expected to remain the largest and fastest-growing segment of the market during the forecast period. Increasing demand for commercial aircraft to support rising air passenger traffic, increasing production rates of key programs, such as B737, A320 family, B787, and A350XWB; market entry of new players, such as COMAC and Irkut; introduction of variants of existing best-selling aircraft programs, such as B737 max, A320neo, and B777X; and rising commercial aircraft fleet size across regions are the key factors propelling the demand for gaskets in the commercial aircraft segment.

Based on the application type, the market is segmented as airframe; landing gear, wheels, and brakes; engine; and others. Airframe is expected to remain the most dominant segment of the market during the forecast period. Gaskets are used in a wide array of airframe applications including fairings, antennas, wings, doors, windows, hatches, fuselage, canopies, and access panel, leading to its dominance in the market.

Based on the material type, the market is segmented as polymer gaskets, metal gaskets, composite gaskets, and conductive gaskets. Polymer gasket is expected to remain the largest segment of the market during the forecast period, whereas composite gasket is expected to witness the highest growth in the same period. There has been an incessant replacement of metal gaskets with composite gaskets, owing to their excellent strength-to-weight ratio at a relatively lower weight.

Based on the end-user type, the market is segmented as OE and aftermarket. The OE segment is projected to maintain its dominance over the next five years. Increasing production rates of key programs, such as B737 and A320 family; market entry of new players, such as COMAC; and upcoming aircraft programs are likely to create a strong demand for gaskets in the OE segment. The aftermarket segment, a relatively smaller segment, is likely to grow at a higher rate during the forecast period, owing to rising commercial aircraft fleet size and increasing demand for advanced lightweight gaskets, in order to achieve fuel efficiency.

In terms of regions, North America is expected to remain the largest market for aircraft gaskets during the forecast period. The USA is the growth engine of the region’s market with the presence of major aircraft OEMs, tier players, gasket suppliers, and airlines. All the major gasket manufacturers have presence in the region to address the emergent needs of the OEMs in order to be the partner for their upcoming aircraft programs or upcoming fuel-efficient variants of the existing aircraft programs.

Asia-Pacific is expected to experience the highest growth in the global market during the forecast period. The highest growth of Asia-Pacific is mainly attributable to the increasing aircraft fleet to support rising passenger traffic; opening of assembly plants of Boeing and Airbus for B737, A320, and A330 aircraft programs; increasing procurement of military aircraft, owing to rising defense budget; and upcoming indigenous commercial and regional aircraft (C919 and MRJ).

The supply chain of this market comprises raw material suppliers, aircraft gasket manufacturers, distributors, tier players, aircraft OEMs, airline companies, aircraft leasing companies, and MRO companies. The key players in the aircraft gasket market are Eaton Corporation Plc., Esterline Technologies Corporation, Freudenberg Group, Hutchinson SA, Meggitt Plc, Parker Hannifin Corporation, Compagnie de Saint-Gobain S.A., and SKF Group. Development of optimized aircraft gaskets, regional expansion, and execution of mergers & acquisitions are the key strategies adopted by the major players to gain a competitive edge in the market.

 

Aircraft gaskets market share

 

Research Methodology

This report offers high-quality insights and is the outcome of 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 book, press release, journals, investor presentation, 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 global aircraft gaskets market is segmented into the following categories:  

Aircraft Gaskets 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)
  • Helicopter (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 Gaskets Market, By Application Type

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

Aircraft Gaskets Market, By Material Type

  • Polymer Gaskets (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • Metal Gaskets (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • Composite Gaskets (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • Conductive Gaskets (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Aircraft Gaskets 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 Gaskets 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: China, Japan, India, and Rest of Asia-Pacific)
  • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others) 

Report Customization Options

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Company Profiling

  • Detailed profiling of additional market players (up to three players)
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Competitive Benchmarking

  • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

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List of Figures

List of Tables

Disclaimer

Copyright

Abbreviation

Currency Exchange

About Us

Report Scope

Report Objectives 

Research Methodology

Secondary Research

Key Information Gathered from Secondary Research

Primary Research

Key Information Gathered from Primary Research

Breakdown of Primary Interviews by Region, Designation, and Value Chain Node

Data Analysis and Triangulation

1.      Executive Summary  

2.      Aircraft Gaskets Market - Overview and Market Forces

2.1.               Introduction

2.2.               Market Classification

2.2.1.                       By Aircraft Type

2.2.2.                       By Application Type

2.2.3.                       By Material Type

2.2.4.                       By End-User Type

2.2.5.                       By Region

2.3.               Market Drivers

2.4.               Market Constraints

2.5.               Supply Chain Analysis

2.6.               Industry Life Cycle Analysis

2.7.               PEST Analysis: Impact Assessment of Changing Business Environment

2.8.               Porter’s Five Forces Analysis

2.8.1.                       Bargaining Power of Suppliers

2.8.2.                       Bargaining Power of Customers

2.8.3.                       Threat of New Entrants

2.8.4.                       Threat of Substitutes

2.8.5.                       Competitive Rivalry

2.9.               SWOT Analysis

3.      Aircraft Gaskets Market Analysis - By Aircraft Type

3.1.               Strategic Insights 

3.2.               Commercial Aircraft Gaskets Market Trend and Forecast (US$ Million)

3.2.1.                       Regional Trend and Forecast (US$ Million)

3.3.               Regional Aircraft Gaskets Market Trend and Forecast (US$ Million)

3.3.1.                       Regional Trend and Forecast (US$ Million)

3.4.               Helicopter Gaskets Market Trend and Forecast (US$ Million)

3.4.1.                       Regional Trend and Forecast (US$ Million)

3.5.               Military Aircraft Gaskets Market Trend and Forecast (US$ Million)

3.5.1.                       Regional Trend and Forecast (US$ Million)

3.6.               General Aviation Gaskets Market Trend and Forecast (US$ Million)

3.6.1.                       Regional Trend and Forecast (US$ Million)

4.      Aircraft Gaskets Market Analysis - By Application Type

4.1.               Strategic Insights 

4.2.               Aircraft Airframe Gaskets Market Trend and Forecast (US$ Million)

4.2.1.                       Regional Trend and Forecast (US$ Million)

4.3.               Aircraft Landing Gear, Wheel & Brake Gaskets Market Trend and Forecast (US$ Million)

4.3.1.                       Regional Trend and Forecast (US$ Million)

4.4.               Aircraft Engine Gaskets Market Trend and Forecast (US$ Million)

4.4.1.                       Regional Trend and Forecast (US$ Million)

4.5.               Aircraft Other Gaskets Market Trend and Forecast (US$ Million)

4.5.1.                       Regional Trend and Forecast (US$ Million)

5.      Aircraft Gaskets Market Analysis - By Material Type

5.1.               Strategic Insights 

5.2.               Aircraft Polymer Gaskets Market Trend and Forecast (US$ Million)

5.2.1.                       Regional Trend and Forecast (US$ Million)

5.3.               Aircraft Metal Gaskets Market Trend and Forecast (US$ Million)

5.3.1.                       Regional Trend and Forecast (US$ Million)

5.4.               Aircraft Composite Gaskets Market Trend and Forecast (US$ Million)

5.4.1.                       Regional Trend and Forecast (US$ Million)

5.5.               Aircraft Conductive Gaskets Market Trend and Forecast (US$ Million)

5.5.1.                       Regional Trend and Forecast (US$ Million)

6.      Aircraft Gaskets Market Analysis - By End-User Type

6.1.               Strategic Insights 

6.2.               OE-based Aircraft Gaskets Market Trend and Forecast (US$ Million)

6.2.1.                       Regional Trend and Forecast (US$ Million)

6.3.               Aftermarket-based Aircraft Gaskets Market Trend and Forecast (US$ Million)

6.3.1.                       Regional Trend and Forecast (US$ Million)

7.      Aircraft Gaskets Market Analysis - By Region

7.1.               Strategic Insights 

7.2.               North American Aircraft Gaskets Market Analysis

7.2.1.                       North American Aircraft Gaskets Market T&F, by Country (US$ Million)

7.2.1.1.                                 The USA: Aircraft Gaskets Market T&F (US$ Million)

7.2.1.2.                                 Canada: Aircraft Gaskets Market T&F (US$ Million)

7.2.1.3.                                 Mexico: Aircraft Gaskets Market T&F (US$ Million)

7.2.2.                       North American Aircraft Gaskets Market T&F, by Aircraft Type (US$ Million)

7.2.3.                       North American Aircraft Gaskets Market T&F, by Application Type (US$ Million)

7.2.4.                       North American Aircraft Gaskets Market T&F, by Material Type (US$ Million)

7.2.5.                       North American Aircraft Gaskets Market T&F, by End-User Type (US$ Million)

7.3.               European Aircraft Gaskets Market Analysis

7.3.1.                       European Aircraft Gaskets Market T&F, by Country (US$ Million)

7.3.1.1.                                 Germany: Aircraft Gaskets Market T&F (US$ Million)

7.3.1.2.                                 France: Aircraft Gaskets Market T&F (US$ Million)

7.3.1.3.                                 The UK: Aircraft Gaskets Market T&F (US$ Million)  

7.3.1.4.                                 Russia: Aircraft Gaskets Market T&F (US$ Million)

7.3.1.5.                                 Rest of Europe: Aircraft Gaskets Market T&F (US$ Million)

7.3.2.                       European Aircraft Gaskets Market T&F, by Aircraft Type (US$ Million)

7.3.3.                       European Aircraft Gaskets Market T&F, by Application Type (US$ Million)

7.3.4.                       European Aircraft Gaskets Market T&F, by Material Type (US$ Million)

7.3.5.                       European Aircraft Gaskets Market T&F, by End-User Type (US$ Million)

7.4.               Asia-Pacific’s Aircraft Gaskets Market Analysis

7.4.1.                       Asia-Pacific’s Aircraft Gaskets Market T&F, by Country (US$ Million)

7.4.1.1.                                 China: Aircraft Gaskets Market T&F (US$ Million)

7.4.1.2.                                 Japan: Aircraft Gaskets Market T&F (US$ Million)

7.4.1.3.                                 India: Aircraft Gaskets Market T&F (US$ Million)

7.4.1.4.                                 Rest of APAC: Aircraft Gaskets Market T&F (US$ Million)

7.4.2.                       Asia-Pacific’s Aircraft Gaskets Market T&F, by Aircraft Type (US$ Million)

7.4.3.                       Asia-Pacific’s Aircraft Gaskets Market T&F, by Application Type (US$ Million)

7.4.4.                       Asia-Pacific’s Aircraft Gaskets Market T&F, by Material Type (US$ Million)

7.4.5.                       Asia-Pacific’s Aircraft Gaskets Market T&F, by End-User Type (US$ Million)

7.5.               Rest of World’s (RoW) Aircraft Gaskets Market Analysis

7.5.1.                       RoW’s Aircraft Gaskets T&F, by Sub-Region (US$ Million)

7.5.1.1.                                 The Middle East: Aircraft Gaskets Market T&F (US$ Million)

7.5.1.2.                                 Latin America: Aircraft Gaskets Market T&F (US$ Million)

7.5.1.3.                                 Others: Aircraft Gaskets Market T&F (US$ Million)

7.5.2.                       RoW’s Aircraft Gaskets Market T&F, by Aircraft Type (US$ Million)

7.5.3.                       RoW’s Aircraft Gaskets Market T&F, by Application Type (US$ Million)

7.5.4.                       RoW’s Aircraft Gaskets Market T&F, by Material Type (US$ Million)

7.5.5.                       RoW’s Aircraft Gaskets Market T&F, by End-User Type (US$ Million)

8.      Competitive Analysis

8.1.               Strategic Insights

8.2.               Product Portfolio Analysis

8.3.               Presence by Aircraft Type

8.4.               Presence by Material Type

8.5.               Geographical Presence

8.6.               New Product Launches

8.7.               Strategic Alliances: Mergers and Acquisitions, Joint Ventures, Collaborations etc.

8.8.               Market Share Analysis

9.      Strategic Growth Opportunities

9.1.               Strategic Insights

9.2.               Market Attractive Analysis

9.2.1.                       Market Attractiveness by Aircraft Type

9.2.2.                       Market Attractiveness by Application Type

9.2.3.                       Market Attractiveness by Material Type

9.2.4.                       Market Attractiveness by End-User Type

9.2.5.                       Market Attractiveness by Country

9.3.               Growth Matric Analysis

9.4.               Emerging Trends

9.5.               Key Success Factors

10. Company Profiles of Key Players

10.1.          Eaton Corporation Plc

10.2.          Esterline Technologies Corporation

10.3.          Freudenberg Group

10.4.          Hutchinson SA

10.5.          Meggitt PLC

10.6.          Parker Hannifin Corporation

10.7.          Compagnie de Saint Gobain S.A.

10.8.          SKF Group

10.9.          Trelleborg AB



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