6:11 AM Aircraft Engine Seals Market Size to reach US$ 391.9 million in 2023 |
Aircraft Engine Seals Market Report: Trends, Analysis & Forecast up to 2023. Discover associated growth opportunities, market dynamics, success factors and more. The Aircraft Engine Seals Market is projected to grow at a healthy growth over the next five years to reach US$ 391.9 million in 2023. Engine is the most dominant application area of seals in an aircraft and accounts for more than 35% of the total aircraft seals market. Increasing production rates of key aircraft programs, such as B737, B787, A320, and A350XWB; increasing demand for lightweight aircraft engine seals; growing need for reducing engine maintenance requirements, an increased demand for improving fuel efficiency; and rising global aircraft fleet size are the major factors that are burgeoning the demand for seals in the aircraft engine market. Click here to get a Free Sample of the report (with additional insights): https://www.stratviewresearch.com/Request-Sample/338/Aircraft-Engine-Seals-Market.html Aircraft Engine Seals Market Segment Insights: By Aircraft Type: Commercial aircraft is expected to remain the growth engine of the global aircraft engine seals market during the forecast period of 2018 to 2023. Increasing commercial aircraft deliveries to support rising passenger traffic, introduction of fuel-efficient next-generation aircraft, advancement in turboprop engines and propulsion systems, and rising commercial aircraft fleet size across regions are the key factors propelling the demand for seals in the segment. By Application Type: Seals are used in a wide spectrum of engine applications including fan blade, pylon seals, thrust reverser, fan cowls, heat exchanger, bleed air seals, fire seals, air inlet seals, vane grommets elastomeric gaskets, shaft seals, metering units, valves, and filters. Nacelle is expected to remain the most dominant application segment of the market during the forecast period. By Material Type: Polymer seal is likely to remain the largest segment of the global aircraft engine seals market during the forecast period, whereas composite seal is expected to witness the highest growth during the same period. Metals seals, another considerable segment, are increasingly being replaced with polymer and composite seals. By Region: North America is expected to remain the largest aircraft engine seals market during the forecast period, whereas Asia-Pacific is expected to experience the highest growth during the same period. Higher growth of aircraft engine seals market in 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). Click below to run through the detailed ToC of the report: https://www.stratviewresearch.com/toc/338/Aircraft-Engine-Seals-Market.html Features of the Report 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. Based on the research, a proper report is crafted with the following key features:
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