Aircraft O-Rings Market Research 2024-2032: Rise in Revenue Passenger Kilometers (RPK), Increase in Military Aircraft Fleet, Production Rate Increases in Major Programs

Dublin, Jan. 16, 2025 (GLOBE NEWSWIRE) -- The "Aircraft O-Rings Market Size, Share, Trend, Forecast Analysis & Growth Opportunity: 2024-2032" report has been added to ResearchAndMarkets.com's offering.

Aircraft O-Rings Market is likely to grow at a CAGR of 3.2% to reach US$ 174 Million by 2032.

Aircraft O-rings Market report identifies and profiles key industry players, along with providing estimates of O-rings consumption. The report goes beyond basic market size, it offers a breakdown of O-ring consumption across different aircraft applications, such as engines, nacelles, interiors, etc. This in-depth study equips industry stakeholders with a powerful tool to navigate the complexities of the Aircraft O-rings Market and make informed strategic decisions.

COVID-19 had a devastating impact on the aerospace industry, with the Aircraft O-rings Market experiencing a significant decline of more than 30% in 2020. Now the market is gradually recovering with the rise in RPK along with an increasing military aircraft fleet. The expected rise in the production rate of key programs [A220, A320neo family, A350XWB, B737Max, and B787], entry of new programs [C919, B777x, etc.], and growing aircraft fleet are further likely to drive the demand for aircraft O-rings. Changing geopolitical conditions, supply chain disruptions and labor shortages are affecting the aerospace industry's recovery. The impact of this has been felt across the value chain, including in the aircraft O-rings business.

The market is fragmented with the presence of over 100 players. Most of the major players compete in some of the governing factors including price, service offerings, regional presence, etc. The Aircraft O-rings Market has a large presence of regional and local players especially at the aftermarket level.

North America has a huge commercial aircraft fleet size. It is the preferred manufacturing hub of the aerospace industry. The presence of many aircraft and engine OEMs, such as Boeing , Bombardier, Gulfstream Aerospace Corporation, GE Aerospace, and Pratt & Whitney. The USA drives North America's market, The region's technological advancements, huge R&D investments, and stringent environmental regulations have led to the adoption of sustainable and advanced O-rings.

Approximately, 80% of the world's regional jet fleet is based in North America. In 2022, +2,100 regional jets were in service in North America and Europe. Despite several setbacks faced by Boeing over the past three years, North America still manages its gigantic lead in the market. Airbus has been increasing its supply chain in North America, including a rise in the aircraft assembly. Whereas Boeing is focusing more on its quality.

China, India, and Japan to impact Asia-Pacific's market. India's fleet will add aircraft at a rate of almost 13% over the first five years and nearly 10% for the 10-year forecast period.

Commercial aircraft is expected to remain dominant as well as the fastest-growing aircraft type during the forecast period

Based on aircraft type, the market is segmented into commercial aircraft, regional aircraft, helicopters, military aircraft, and general aviation.

Commercial aircraft are expected to remain dominant as well as the fastest-growing segment in the coming years. The commercial aircraft segment is being driven by increasing aircraft deliveries, fleet size, and new efficient variants of existing aircraft. Airbus forecasts a demand for 32,630 single-aisle and 8,220 wide-body aircraft over the next 20 years.

Military aircraft is the second-largest aircraft category. The aircraft type is driven by increasing defense expenditure. Global defense spending rose to US$ 2.1 trillion in 2023. Large increases were recorded in Europe, Asia Oceania, and the Middle East.

Interiors is expected to remain the dominant application of the market during the forecast period

High use of static seals in aircraft interiors leads to higher adoption of O-rings. O-rings used for aircraft interiors must address key properties such as fire retardancy and aesthetically pleasantness. Strict fire safety regulations in aircraft interiors necessitate O-rings that meet specific flame retardancy standards. While some elastomers can be treated for fire resistance, other materials like certain thermoplastics might offer inherent fire-retardant properties.

Elastomer seals are expected to remain the most dominant material type in the market during 2024-2032

Elastomer O-rings offer a gamut of advantages including high-and-low-temperature operating conditions, greater flexibility, excellent corrosion resistance, and insulative properties. Thermoplastic seals are likely to grow at the fastest pace, driven by their greater acceptance in high-performance applications owing to their excellent resistance against abrasion, wear, extrusion, and temperature. The Russo-Ukrainian war led to several changes in the market dynamics, especially at the raw material level. The ban on imports from Russia after the war led to an acute increase in the price of all Russian-dependent materials, whose tremor was felt across the value chain including aircraft O-rings.

OE is expected to hold the larger share of the market during 2024-2032, whereas aftermarket is expected to be the faster-growing segment of the Aircraft O-rings Market

All the aircraft categories are likely to contribute to the OE segment in the coming years owing to increasing production rates to meet mounting order backlogs. Airbus forecasts demand for freighter aircraft is expected to reach 2,510 over the next 20 years, with ~920 newly built. Higher growth is expected in the aftermarket level in the next two years, driven by higher investments by airlines in MRO activities to bring parked aircraft back into the active fleet. On average, 2% to 3% of the commercial jet fleet is replaced every year.

The following are the key players in the Aircraft O-rings Market:

• Parker-Hannifin Corporation
• Freudenberg Group
• Trelleborg AB
• Greene Tweed & Co., Inc.
• Hutchinson SA
• EnPro Industries
• Saint-Gobain S.A.

Key Topics Covered:

1. Executive Summary: A Bird's Eye View of the Market

2. Market Environment Analysis: Study of Factors Affecting the Market Dynamics
2.1. Supply Chain Analysis (Identification of Key Players/Materials across the Value Chain)
2.2. PEST Analysis (List of All Factors Directly or Indirectly Affecting the Market Demand)
2.3. Industry Life Cycle Analysis (Current and Future Lifecycle Stage of the Market)
2.4. Key Trends (Key Industry as well as Market Trends Shaping the Market Dynamics)
2.5. Market Drivers (Study of Drivers and their Short- and Long-Term Impacts)
2.6. Market Challenges (Study of Factors Hindrance the Adoption/Growth)

3. Aircraft O-rings Market Assessment (2018-2032) (US$ Million)
3.1. Contribution of Aircraft O-rings in the Total Aerospace Seals Market
3.2. Aircraft O-rings Market Trend and Forecast (US$ Million)
3.3. Market Scenario Analysis: Growth Trajectories in Different Market Conditions
3.4. COVID-19 Impact Assessment and Expected Recovery Curve
3.5. Pricing Analysis by Region by End-User Type (Indexing)

4. Aircraft O-rings Market Segments' Analysis (2018-2032) (US$ Million)
4.1. Aircraft-Type Analysis
4.1.1. Commercial Aircraft: Regional Trend and Forecast (US$ Million)
4.1.2. Regional Aircraft: Regional Trend and Forecast (US$ Million)
4.1.3. Military Aircraft: Regional Trend and Forecast (US$ Million)
4.1.4. Helicopters: Regional Trend and Forecast (US$ Million)
4.1.5. General Aviation: Regional Trend and Forecast (US$ Million)
4.2. Application-Type Analysis
4.2.1. Nacelles & Engines: Regional Trend and Forecast (US$ Million)
4.2.2. Interiors: Regional Trend and Forecast (US$ Million)
4.2.3. Landing Gear, Wheels and Brakes: Regional Trend and Forecast (US$ Million)
4.2.4. Flight Control Actuation and Hydraulics: Regional Trend and Forecast (US$ Million)
4.2.5. Others: Regional Trend and Forecast (US$ Million)
4.3. Material-Type Analysis
4.3.1. Elastomer: Regional Trend and Forecast (US$ Million)
4.3.2. Thermoplastic: Regional Trend and Forecast (US$ Million)
4.3.3. Others: Regional Trend and Forecast (US$ Million)
4.4. Motion-Type Analysis
4.4.1. Static O-rings: Regional Trend and Forecast (US$ Million)
4.4.2. Dynamic O-rinds: Regional Trend and Forecast (US$ Million)
4.5. End-User-Type Analysis
4.5.1. OE: Regional Trend and Forecast (US$ Million)
4.5.2. Aftermarket: Regional Trend and Forecast (US$ Million)
4.6. Regional Analysis

5. Competitive Analysis
5.1. Degree of Competition (Current Stage of Competition based on Market Consolidation)
5.2. Competitive Landscape (Benchmarking of Key Players in Crucial Parameters)
5.3. Market Share Analysis (Key Players and their Respective Shares)
5.4. Product Portfolio Mapping (Map their Presence in Different Market Categories)
5.5. Geographical Presence (Map their Geographical Presence)
5.6. Key Target Areas for Product Development (Understand the Industry Focus while Development)
5.7. M&As, JVs, Collaborations, Strategic Alliances, etc. (Map All the Major M&As and JVs)
5.8. Porter's Five Forces Analysis (A Bird's Eye View of the Overall Competitive Landscape)

6. Customer Analysis
6.1. Identify the Leading Tier Players
6.2. Key Supplier's Selection Criteria
6.3. Estimate their O-Rings' Consumption

7. Strategic Growth Opportunities
7.1. Market Attractiveness Analysis
7.2. Emerging Trends (Key Trends that May Shape the Market Dynamics in the Future)
7.3. Key Strategic Implications (Changing Market Dynamics and their Key Implications)
7.4. Key Success Factors (KSFs) (Identifying Some Factors that May Help Companies to Gain Business)

8. Company Profile of Key Players

For more information about this report visit https://www.researchandmarkets.com/r/z76yjf

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