The global aircraft engine seals market is characterised by a high level of consolidation. The top five market leaders are Hutchinson SA, Trelleborg AB, Meggitt PLC, Esterline Technologies Corporation (Kirkhill and TA), and Freudenberg Group which together captured more than 75% share of the market in 2017. All the five major players are expected to remain dominant over the next five years as well. Other major players of aircraft engine seals are Applied Composites Group, Icon Aerospace Technology Ltd., Eaton Corporation Plc, Parker Hannifin Corporation, Saint Gobain S.A., and SKF Group.
There are a modest number of players in the world manufacturing seals for the aircraft industry. Manufacturing seals for the aircraft industry requires several certifications and qualification, an excellent industry track record, good technological capabilities, etc.
Hutchinson SA was the leader in the global aircraft engine seals market. The company holds an excellent product development capability and an excellent customer base. The company has a wider geographical presence through which it supplies aircraft engine seals to more than 50 airlines worldwide. The company has an excellent brand identity with customer base of more than 50 airlines globally. It primarily offers its sealing solutions for Rotor Head Bearings & Dampers, BTP suspensions; Fire & Thermal protection for nacelles & pylons; high temperature sealing solutions for and nacelles; specific lightweight TP solutions for engines, bleed air hoses applications.
Trelleborg AB was the second largest player in the global aircraft engine seals market. The company manufactures various kind of seals for all types of aircraft present in the world. The company is backward integrated to develop the optimized raw materials for their own. The company holds the leading position in Europe. It is also the first company that started using Polytetrafluoroethylene (PTFE) in aircraft sealing solution. Turel and Isolast are the major brands of high-performance elastomers, Turcon is of PTFE-based compounds, Zurcon is of high modulus thermoplastics, and Orkot is of high-strength composite materials.
Meggitt PLC was the third largest player in aircraft engine seals market. It has a long list of customers including Airbus, Boeing, Augusta Westland, Bell Helicopter, Bombardier, Embraer, Pratt & Whitney, UTC, Spirit Aerosystems, Rolls-Royce, GKN, and BAE Systems. The company supplies to almost all types of aircraft applications including airframe, engine, interior, landing gear, wheel and brake, and flight control surfaces.
The global aircraft engine seals market is likely to experience a healthy CAGR of 5.2% over the next five years (2018-2023).
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