An O ring is a mechanical gasket in the shape of a torus, used to create a seal between two surfaces. It is also known as a toric joint or packing. O-rings are the most widely used seal owing to its ease of installation, low cost, simplicity and small space requirements. O-rings can be used for both dynamic and static applications.
MARKET SCOPE
The "Global Aircraft O-Rings Market Analysis to 2028" is a specialized and in-depth study of the aerospace and defense industry with a special focus on the global market trend analysis. The report aims to provide an overview of the aircraft o-rings market with detailed market segmentation by platform type, application type, material type and geography. The report provides key statistics on the market status of the leading aircraft o-rings market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on platform type, the global aircraft o-rings market is segmented into commercial aircraft, military aircraft, others
- On the basis of application type, the market is segmented nacelles and engines, interiors, landing gear wheels and brakes, flight control actuation and hydraulics, others
- On the basis of material type, the market is segmented elastomeric seals, thermoplastic seals, metallic seals
MARKET DYNAMICS
Drivers:
- The O rings are used in almost all the industries including, aerospace & aviation, automotive, chemical & petrochemical, oil & gas, water & wastewater treatment, electrical & electronics, food & beverages, medical & healthcare and in other industrial applications. The growing demand of O rings in the market is primarily attributed to the growth of its end use industries.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The aircraft o-rings market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive porter's five forces analysis highlighting factors affecting the aircraft o-rings market in these regions.
IMPACT OF COVID-19 ON AIRCRAFT O-RINGS MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the aircraft o-rings market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from aircraft o-rings market are anticipated to lucrative growth opportunities in the future with the rising demand for airport tugs in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the aircraft o-rings market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- EnPro Industries
- Freudenberg Group
- Greene Tweed and Co., Inc.
- Hutchinson SA
- Parker-Hannifin Corporation
- Saint-Gobain S.A.
- Trelleborg AB
- Viton
- Aerospace Fasteners Incorporated
- Ge Mao Rubber Industrial Co., Ltd Inc