Covid-19 Impact on Aircraft Engine Seals Market Set for Rebound from 2021 till 2026

This strategic assessment report provides a comprehensive analysis that reflects today’s Aircraft Engine Seals Market realities and future possibilities for the forecast period of 2021 to 2026.

Stratview Research announces the launch of a new research report on the Aircraft Engine Seals Market is Segmented by Aircraft Type (Commercial Aircraft, Regional Aircraft, Helicopter, Military Aircraft, and General Aviation), by Application Type (Nacelle; Oil & Fuel Systems, Fan Blade, Combustion & Exhaust Section, and Others), by Function Type (Fire Seals, Conductive and Insulative Seals, Air & Fluid Handling Seals, and Others),  by Material Type (Elastomer Seals, Thermoplastic Seals, and Metal Seals), by Motion Type (Static Seals and Dynamic Seals), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).

Report Features

The report delivers a detailed view of the industry based on global Aircraft Engine Seals Market size, market growth, and opportunities. The report also analyses market key aspects such as-

  • Market structure: Overview, industry life cycle analysis, supply chain analysis
  • Covid-19 Impact analysis.
  • Market environment analysis: Growth drivers and constraints, and SWOT analysis.
  • Market trend and forecast analysis
  • Market segment trend and forecast
  • Competitive landscape and dynamics: Market share, product launches, etc.
  • Attractive market segments and associated growth opportunities
  • Emerging trends
  • Strategic growth opportunities for the existing and new players

Highlights from the Report

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.

Regional Analysis:

In terms of regionsNorth America is expected to remain the largest market for aircraft engine seals, whereas Asia-Pacific is expected to remain the fastest-growing market during the same period. Short-term market demand is challenging across regions including Asia-Pacific. Based on IATA estimates, the airline industry in the Asia-Pacific region has declined at least a rate of -61.9% in RPKs in 2020 from the 2019 level. The long-term market outlook seems promising. As per Boeing’s estimations (2020-2039), China will need 8,600 commercial and regional aircraft in the next twenty years, 6.3% higher than the company’s last year forecast. 75% of these deliveries are to be of single-aisle aircraft.

According to the report, the key players of the market 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

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