The Aircraft Gaskets Market to experience an impressive growth to reach US$ 249.5 million in 2024

Addressing the most sought-after questions that occupy the minds of entrepreneurs and decision makers, the new report of "Stratview Research" on the Aircraft Gaskets Market, answers all the important questions.

Getting to the bare bones of the issues and factors which are sculpturing the market, Stratview Research brings out the best actionable market intelligence for the global Aircraft Gaskets Market.
The analysts have scrupulously studied the trend and cautiously forecasted the future market developments for 2019-2024.
The important questions the report answers are:
1. What will be the market growth rate in the near future?
2. What are the major developments in the market wrt regulations, acquisitions and innovations?
3. What are the growth drivers as well as the constraints?
4. What are the regional growth hotspots?
5. What are the segmental growth forecasts?
These questions and many more, big and small, are all discussed in the report in great detail.

Get a free sample of the report:
https://www.stratviewresearch.com/Request-Sample/396/aircraft-gaskets-market.html

The strategic Market dissection
The dissection of the market is done to enlighten the aspects which are of interest to firms across the value chain.
Dissection by Segments
Mechanism Type Poppet Valves, Pilot Operated Valves etc.
Material Type Titanium Valves, Aluminum Valves etc.
Aircraft Type Commercial aircraft, military aircraft etc.
End-user Type OE and aftermarket
System Type Fuel System Valves, Hydraulic System Valves
by Region North America, Europe, Asia-Pacific, and RoW


The Growth Prognosis & its Drivers
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 global 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. 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.
The Hegemony of Freudenberg Group.
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. Development of optimized aircraft gaskets, regional expansion, and execution of mergers & acquisitions are the key strategies adopted by the major players to gain a competitive edge in the market.
Table Of Contents: https://www.stratviewresearch.com/toc/396/aircraft-gaskets-market.html
The undisputed Dominance of the North America
North America is expected to remain the largest market for aircraft gaskets during the forecast period. The USA is the growth engine of the region’s market with the presence of major aircraft OEMs, tier players, gasket suppliers, and airlines. All the major gasket manufacturers have presence in the region to address the emergent needs of the OEMs in order to be the partner for their upcoming aircraft programs or upcoming fuel-efficient variants of the existing aircraft programs.

Emerging Trends: Polymer gasket is expected to remain the largest segment

Based on the material type, the market is segmented as polymer gaskets, metal gaskets, composite gaskets, and conductive gaskets. Polymer gasket is expected to remain the largest segment of the market during the forecast period, whereas composite gasket is expected to witness the highest growth in the same period. There has been an incessant replacement of metal gaskets with composite gaskets, owing to their excellent strength-to-weight ratio at a relatively lower weight.

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