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(Transportation-News.com, January 21, 2023 ) As per Maximize Market research, a global business research and consultancy firm, the total global market for “Transportation Seals Market” was USD 12.6 Bn in 2021 and is expected to grow at CAGR of 7.9% to reach USD 23.15 Bn by 2029 during the forecast period.
Transportation Seals Market Scope and Research Methodology
The report on Transportation Seals Market provides valuable information for investors and stakeholders to formulate decisions for business growth. For a thorough analysis of the competitive landscape of the report, key players and new entrants in the market are collated based on various indicators such as the revenue generated, pricing strategies, technological advancements, mergers and acquisitions and joint ventures. The study is useful in determining each market player’s business performance, operating segments, product portfolio, and innovations.
The report provides in-depth analysis on current market trends, technological advancements, the competitive environment, and growth factors. To obtain data, both primary and secondary methods were employed. The primary method includes surveys, questionnaires, and phone interviews with experts, business owners, marketers, and leaders in the field. A variety of secondary data sources, such as paid databases, annual reports, white papers, trade magazines, releases, and the websites of several organisations and the government, were used to collect the data. Market SWOT, PESTLE, and Porter Five Forces analyses were conducted in-depth.
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Transportation Seals Market Dynamics.
During the forecast period, factors such as an increase in international trade activities, increased NVH awareness, and rising demand for improved seals to maximise fuel efficiency are likely to propel the growth of the worldwide transportation seals market. However, it is expected that rising demand for electric vehicles and aircraft as well as fluctuating raw material prices may restrain worldwide market growth.
Transportation Seals Market Regional Insights
The transportation seal market is expected to be dominated by Asia Pacific in 2021, followed by Europe, North America, and LAMEA. India is expected to experience considerable growth during the forecast period, despite China dominating the worldwide market for transportation seals in 2021. The growth of the automotive, aviation, and transportation industries is expected to fuel the market for transportation seals. Additionally, the growth of the region's transportation sector is receiving substantial government support, which is boosting sales.
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Transportation Seals Market Segmentation
By Type-
Lip Seals, Gaskets, O-Ring, Other
By Motion-
Static Seals, Linear Seals, Rotary Seals
By End-Use -
Automotive, Rail, Marine, Other
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Transportation Seals Market Key Competitors include:
Cooper Standard Holding Inc., Dana Limited, Datwyler Holding Inc., Federal-Mogul Corporation, Freudenberg Sealing Technologies GmbH & Co. KG,, Hutchinson SA,, Meccanotecnica Umbra S.p.A.,, Meggitt Plc,, Parker-Hannifin Corporation,, SKF,, Smiths Group PLC,, Tennecco Inc.,, Toyoda Gosei Co., Ltd.,, Trelleborg AB., Elringklinger AG, Jayem Auto Industries Pvt.Ltd, Compagnie de, TransDigm Group Incorporated (Kirkhill), Eagle Elastomer, Inc., Marco Rubber & Plastics, LLC, MAHLE GmbH, Ge Mao Rubber Industrial Co., Ltd., Dataseal India, Gallagher Fluid Seals, Inc., ISG Elastomers, Allied Metrics Seals & Fasteners, Inc., Apple Rubber Products, Inc., ESP International, ORing Industrial Networ
Maximize Market Research is leading Automotive and Transportation research firm, has also published the following reports:
Transportation Analytics Market - The market was valued at US$ 17.3 Bn. in 2021. The Global Transportation Analytics Market size is estimated to grow at a CAGR of 25.68% over the forecast period.
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Maximize Market Research provides B2B and B2C research on 6,500 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defence and other manufacturing sectors.
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