About Engine Seal
Engine Seal, made up of a high strength rubber compound or silicon, prevents the engine from leakage of liquid or gases. The two engine seals, be it front oil seal or rear one, are located where crankshaft connects the transmission. The replacement of these seals can be costly owing to the high cost of labour cost involved. Original equipment manufacturers are focusing on developing engine seal that is durable amid recent news of engine trouble in some of the Pratt & Whitney developed aircraft engine owing to engine seal.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Billion) |
CAGR | 7.18% |
Engine Seal is a fragmented market due to the presence of various players. The players are focusing on strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Engine Seal market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
SKF (Sweden), Daemar (United States), dana (United States), Dichtomatik (United States), DuPont (United States), ERIKS Seals and Plastics (United States), Freudenberg Sealing Technologies (United States), Hutchinson (France), NOK-Freudenberg (United States), Parker Hannifin (United States), Precision Polymer Engineering (United Kingdom), PYI Inc. (United States), Sonic (United States) and Trelleborg Sealing Solutions (Sweden) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are zhong ding (China), Ace Seal & Rubber (United States), China Lucky Industrial Rubber Factory (China) and CNL SEALS (China).
Segmentation Overview
AMA Research has segmented the market of Global Engine Seal market by Type (O-rings, D-rings, U-section seals, Lip seals and Cassette seals), Application (Automotive, Marine, Aircraft, Industrial and Others) and Region.
On the basis of geography, the market of Engine Seal has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Low replacement rate Limits Aftermarket Demand thus, adversely affecting overall
Market Growth Drivers:
Role of Engine Seal in Proper Management of Automotive Engine Preventing Leakage, Growing Automotive Industry and Rising Demand For New Aircraft and Demand for Engine Seal in Emerging Countries
Challenges:
Volatility in raw material prices
Restraints:
High Cost Replacement
Opportunities:
Development in Additive Manufacturing Technology
Market Leaders and their expansionary development strategies
In February 2020, Kaman Corp. has completed acquisition of Bal Seal Engineering Inc., which designs, develops, and manufactures highly engineered products including precision springs, seals, and contacts. The acquisition, announced in November 2019, expands Kaman’s portfolio of engineered products and offerings while creating new opportunities to reach customers in medical technology, aerospace and defense, and industrial markets.
In April 2020, Trelleborg Sealing Solutions launched the Ultra High Temp Seal. Its revolutionary makeup and design means aircraft manufacturers can develop engines that run more efficiently and, by achieving lower fuel consumption, more sustainably.
Key Target Audience
Aircraft Seal OEMs, Wholesalers, Retailers, and Distributors, Raw Material Suppliers, Regulatory Bodies, Research Institutes and Organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.