Global Aircraft Engine Seals Market (2021 to 2026) - Size, Share, Trend, Forecast, Competitive Analysis and Growth Opportunities - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Aircraft Engine Seals Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2021-2026" report has been added to ResearchAndMarkets.com's offering.

Aircraft engines have immensely evolved throughout the journey of the aircraft industry as they play the most pivotal role in an aircraft. Most of the innovations happening in an aircraft engine are primarily targeting three areas: more power, more durability, and more efficiency. Almost all the engine systems and their components have had a disruptive journey with significant changes in design, technology, and materials. Seals are also not untouched by such market dynamics and have experienced significant changes in design and material over the period. Seals are some of the most important components of an aircraft, used in countless applications throughout a plane - from exterior flaps to cockpit windshields. In addition, although they are just one small part of a modern aircraft, they are crucial to its operation - if they fail, they can compromise the entire plane's performance.

In the year 2020, the aircraft engine seals market has witnessed its biggest decline in the past 16 years, mainly due to the rapid outbreak of the COVID-19 pandemic. The aircraft industry was already under immense pressure due to several factors ceasing the market growth including the grounding of the B737 Max. The rapid spread of the pandemic further deteriorated the industry's health, severely affected the entire industry ecosystem including aircraft engine seals. As per the recent impact assessment of IATA, the total global passenger airline revenue plummeted around US$ 418 billion in 2020 which was 66% below 2019's revenue; with a decline of over 88% in international RPKs and 51% in domestic RPKs. However, the growth in the first half of 2021 is shaping the hope of recovery.

Despite the short-term demand fiasco, the long-term growth prospects still seem favorable, credit goes to the strong market fundamentals (a huge pile of backlogs of Boeing, Airbus, and COMAC, expected increase in air passenger traffic, development of next-generation aircraft, etc.). The aircraft engine seals market is anticipated to rebound from 2021 onwards, ultimately driving the market to cross the landmark figure of US$ 0.5 billion in 2026. LEAP engines are the sweet spots for the market. However, to align with the market condition, Safran/CFM has slashed its LEAP engine deliveries to 815 engines in 2020 from 1,736 engines in 2019. The company aims to recover the 2019 level of LEAP engine deliveries by 2024. With the expected recovery in 2021 due to the resumption of B737 Max, the two biggest aero-engine makers GE and Safran; aims to boost their revenues by unveiling lower emission jet engines.

Key Players

The supply chain of this market comprises raw material suppliers, aircraft engine seals manufacturers, distributors, tier players, aero-engine OEMs, aircraft OEMs, and MRO companies. The key aircraft engine seals manufacturers are:

• Hutchinson SA
• Trelleborg AB
• Meggitt PLC
• TransDigm Group Inc.
• Freudenberg Group
• Eaton Corporation Plc
• Parker-Hannifin Corporation
• Greene Tweed
• Saint-Gobain S.A.
• SKF Group

Key Topics Covered:

1. Executive Summary

2. Aircraft Engine Seals Market Overview and Segmentation

2.1. Aircraft Engine Seals Market Segmentation

2.1.1. By Aircraft Type

2.1.2. By Application Type

2.1.3. By Function Type

2.1.4. By Material Type

2.1.5. By Motion Type

2.1.6. By Region

2.2. PEST Analysis

2.3. Supply Chain Analysis

2.4. Industry Life Cycle Analysis

2.5. Market Drivers

2.6. Market Challenges

3. Aircraft Engine Seals Market - The COVID-19 Impact Assessment

3.1. Aircraft Engine Seals Market Trend and Forecast (US$ Million)

3.2. Pre-COVID vs Post-COVID Assessment

3.3. Real GDP Loss vs Aircraft Engine Seals Market Loss (2020-2021)

3.4. Market Scenario Analysis: Pessimistic, Most Likely, and Optimistic Scenarios

4. Competitive Analysis

4.1. Market Consolidation Level

4.2. Regional Competitive Dynamics

4.3. Market Share Analysis

4.4. Product Portfolio Analysis

4.5. Geographical Presence

4.6. New Product Launches

4.7. Strategic Alliances

4.8. Porter's Five Forces Analysis

5. Aircraft Engine Seals Market Trend and Forecast by Aircraft Type (2015-2026)

6. Aircraft Engine Seals Market Trend and Forecast by Application Type (2015-2026)

7. Aircraft Engine Seals Market Trend and Forecast by Function Type (2015-2026)

8. Aircraft Engine Seals Market Trend and Forecast by Material Type (2015-2026)

9. Aircraft Engine Seals Market Trend and Forecast by Motion Type (2015-2026)

9.1. Segment's Analysis

9.2. Static Seals: Regional Trend and Forecast (US$ Million)

9.3. Dynamic Seals: Regional Trend and Forecast (US$ Million)

10. Aircraft Engine Seals Market Trend and Forecast by Region (2015-2026)

11. Strategic Growth Opportunities

12. Company Profile of Key Players (Alphabetically Arranged)

12.1. Eaton Corporation Plc

12.2. Freudenberg Group

12.3. Green Tweed

12.4. Hutchinson SA

12.5. Meggitt Plc

12.6. Parker-Hannifin Corporation

12.7. Saint-Gobain S.A.

12.8. SKF Group

12.9. TransDigm Group Inc.

12.10. Trelleborg AB

For more information about this report visit https://www.researchandmarkets.com/r/bnttzv