Global Transportation Seals Market Outlook
According to a new report by Expert Market Research titled “Global Transportation Seals Market Size, Share, Analysis, Report, Demand, Forecast 2023-2028″, the global transportation seals market reached a value of approximately USD 14.5 billion in 2022. Aided by the increasing demand for transportation seals in various applications, including automotive, aviation, shipping, and railways, the market is projected to further grow at a CAGR of 5.90% between 2023 and 2028 to reach a value of USD 20.4 billion by 2028.
Transportation seals are used in a variety of transportation equipment, including cars, aircraft, ships, and trains, to prevent leakage and ensure the secure function of mechanical components. They play a crucial role in the automotive and aviation sectors and in shipping and railway applications. One of the major trends driving the global transportation seals market growth is the rising awareness of vehicle noise, vibration, and harshness (NVH).
The rise in demand for efficient and reliable transportation has resulted in increased usage of transportation seals worldwide. Furthermore, the growth of the automotive industry and the expansion of aviation and shipping sectors have accelerated the market growth. Transportation seals are known for their durability, robustness, and reliability, providing the necessary security for various mechanical components in transport systems. As a result, the growing consumer base seeking high-quality, reliable, and durable components has contributed to the global transportation seals market development.
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Asia Pacific is one of the leading regions in the global market for transportation seals, with countries like China, India, and Japan being the largest consumers. The main factors driving the transportation seals market expansion in this region are rapid urbanisation, rising disposable income, and a change in mobility preferences. As a result, consumers in the Asia Pacific region are using more and more transportation methods that require strong, dependable seals, which are renowned for their high-quality features and efficiency.
Technology improvements in the manufacture of transportation seals, including 3D printing and advanced material science, are resulting in enhanced manufacturing processes and higher-quality goods. These developments make it possible to use resources more effectively, reduce waste, and improve durability. In addition, the growing awareness of environmentally friendly transportation options has increased demand for transportation seals made for hybrid and electric vehicles. This shift towards green transportation has provided an additional revenue stream for transportation seal manufacturers and is expected to boost the transportation seals market growth.
Transportation Seals Market Segmentation
The market can be divided based on type, material, motion, end use, and region.
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Market Breakup by Type
- O-Ring
- Lip Seals
- Gaskets
- Others
Market Breakup by Material
- Metal Seals
- Thermoplastics
- Elastomers Seals
Market Breakup by Motion
- Static Seals
- Linear Seals
- Rotary Seals
Market Breakup by End Use
- Aerospace
- Automotive
- Marine
- Rail
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global transportation seals companies. Some of the major key players explored in the report by Expert Market Research are as follows:
- SKF group
- Saint-Gobain Corporation
- Dätwyler Holding Inc.
- Hutchinson
- Meccanotecnica Umbra S.p.A
- Meggitt PLC
- Trelleborg AB
- Tenneco Inc.
- Parker Hannifin Corporation
- Toyoda Gosei Co., Ltd.
- Others
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