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(Transportation-News.com, November 23, 2018 )
Stratview Research announces the launch of a new research report on Aircraft Gaskets Market by Aircraft Type (Commercial Aircraft, Regional Aircraft, Helicopter, Military Aircraft, and General Aviation), by Application Type (Airframe, Landing Gear, Wheels & Brakes, Engine, and Others), by Material Type (Polymer Gaskets, Metal Gaskets, Composite Gaskets, and Conductive Gaskets), by End-User Type (OE and Aftermarket), and by Region (North America, Europe, Asia-Pacific, and Rest of the World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2019-2024.
The Aircraft Gaskets Market: Highlights
The aircraft industry represents less than 1% of the total gaskets market but is expected to be one of the fastest-growing markets for gaskets in the coming five years. The Aircraft Gaskets Market is projected to grow at a healthy rate over the next five years to reach US$ 249.5 million in 2024. Increasing production rates of key aircraft programs, such as B737, B787, A320, and A350XWB; increasing demand for fuel-efficient aircraft; advancement in gasket materials; and rising global aircraft fleet size are the major factors mushrooming the growth of the market.
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The market for aircraft gaskets is gradually consolidating as the major companies are performing mergers & acquisitions to quickly gain the leading position in the market. For instance; TransDigm Group Incorporated, a leading global designer, producer, and supplier of highly engineered aircraft components, acquired the Kirkhill Elastomers business of Esterline Technologies at a total purchase price of US$ 50 million in cash. Kirkhill Elastomers is one of the leading companies in the aircraft gaskets market.
A gasket is a mechanical seal that fills the space between two mating surfaces that seals and isolates an enclosure. The shape of a gasket depends on its application like it is cut down in such a way to match the shape of the matt surface. Gaskets are used in the multiple areas of an aircraft in order to serve a wide array of functions, such as environmental sealing purposes, pressure retaining, vibration damping, fire-resistant or fireproof, and EMI/RFI shielding.
The key players in the aircraft gasket market are Eaton Corporation Plc., Esterline Technologies Corporation, Freudenberg Group, Hutchinson SA, Meggitt Plc, Parker Hannifin Corporation, Compagnie de Saint-Gobain S.A., and SKF Group.
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Source: EmailWire.Com
Source: EmailWire.com
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