The Future of Aircraft Gaskets Market in the forecast period (2019-2024) as predicted by Stratview Research

The report on Aircraft Gaskets to be published by Stratview Research focusses on current trend insights and also predicts about the market condition and its future in the forecast period of 2019 – 2014

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This report, from Stratview Research, studies the global aircraft gaskets market over the trend period of 2013 to 2018 and the forecast period of 2019 to 2024. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

Get a description of the report here: https://www.stratviewresearch.com/396/aircraft-gaskets-market.html

Aircraft Type Segment
The market is segmented based on the aircraft type as commercial aircraft, regional aircraft, helicopter, military aircraft, and general aviation. Commercial aircraft is expected to remain the largest and fastest-growing segment of the market during the forecast period. Increasing demand for commercial aircraft to support rising air passenger traffic, increasing production rates of key programs, such as B737, A320 family, B787, and A350XWB; market entry of new players, such as COMAC and Irkut; introduction of variants of existing best-selling aircraft programs, such as B737 max, A320neo, and B777X; and rising commercial aircraft fleet size across regions are the key factors propelling the demand for gaskets in the commercial aircraft segment.

Application Type Segment
Based on the application type, the market is segmented as airframe; landing gear, wheels, and brakes; engine; and others. Airframe is expected to remain the most dominant segment of the market during the forecast period. Gaskets are used in a wide array of airframe applications including fairings, antennas, wings, doors, windows, hatches, fuselage, canopies, and access panel, leading to its dominance in the market.

Material Type 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.

End-User Type Segment
Based on the end-user type, the market is segmented as OE and aftermarket. The OE segment is projected to maintain its dominance over the next five years. Increasing production rates of key programs, such as B737 and A320 family; market entry of new players, such as COMAC; and upcoming aircraft programs are likely to create a strong demand for gaskets in the OE segment. The aftermarket segment, a relatively smaller segment, is likely to grow at a higher rate during the forecast period, owing to rising commercial aircraft fleet size and increasing demand for advanced lightweight gaskets, in order to achieve fuel efficiency.

Region Wise Segment
In terms of regions, 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.

Check the Table of Contents to browse through the report better: https://www.stratviewresearch.com/toc/396/aircraft-gaskets-market.html

Highlights of the Report:
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 supply chain of this market comprises raw material suppliers, aircraft gasket manufacturers, distributors, tier players, aircraft OEMs, airline companies, aircraft leasing companies, and MRO companies. 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.

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:
• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

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