HOME Research Insight Trelleborg (Sweden) and Meggitt (UK) are the Leading Players in the Aircraft Seals Market

Trelleborg (Sweden) and Meggitt (UK) are the Leading Players in the Aircraft Seals Market

The aircraft seals market is estimated to be USD 866.7 Million in 2017 and is projected to reach USD 1,097.2 Million by 2022, at a CAGR of 4.83% during the forecast period. North America is expected to be the largest market for aircraft seals from 2017 to 2022, followed by Europe. The growth of the aircraft seals market is mainly driven by increased deliveries of commercial aircraft and rising demand for repair and maintenance of existing aircraft seals.

Key players operating in the aircraft seals market include Brown Aircraft Supply (US), Eaton Corporation (Ireland), Esterline Technologies (US), Meggitt (UK), Parker Hannifin (US), Saint-Gobain Performance Plastics (France), SKF (Sweden), and Trelleborg (Sweden).

Major developmental strategies adopted by the leading market players include new product launches, expansions, contracts & agreements, and mergers & acquisitions. Mergers & acquisitions and expansions were the most commonly adopted growth strategies between 2013 and 2017. Key players have also engaged in new product launches and contracts & agreements to strengthen their foothold in the aircraft seals market.

Trelleborg is the leading player in the global aircraft seals market. The company mainly focuses on expanding its geographical presence, especially in North America, through acquisitions and expansions. For instance, in March 2017, it acquired Carolina Seal, a US-based subsidiary of CoorsTek (US), to strengthen its position in North America.

Meggitt is one of the key players in the aircraft seals market. Meggitt’s Polymers & Composites division provides aircraft seals to different types of commercial and military aircraft. The company has its presence in Australia, Brazil, Canada, China, Mexico, the Netherlands, Singapore, the UAE, the UK, and the US, among others. The company offers advanced aircraft seals to provide immersive structural reliabilities for end users in the aviation industry. Meggitt plans to build a 130 million pound sterling (approx. USD 175 million) facility in the West Midlands (UK) to expand its manufacturing capability. This new facility is expected to become operational by the end of 2019. Such strategies have helped the company increase its market share, grow organically, and strengthen its position in the aircraft seals market.

SKF (Sweden) is another prominent player in the aircraft seals market, offering a very diverse portfolio of aircraft seals. The company is engaged in the development of technologically-advanced products for various end-use industries. It focuses on expanding its market presence by offering competitive products in the market. SKF, for instance, launched new aircraft seals for the aviation industry in 2017, which helped the company expand its product portfolio.

Related Reports:

Aircraft Seals Market by Type (Dynamic and Static), Application (Engine, Airframe, Flight Control System, and Landing Gear), Material (Composites & Polymers and Metals), Vendor (OEM and Aftermarket), Platform, and Region - Global Forecast to 2022

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