The ‘Global Transportation Seals Market Size, Share, Price, Demand, Analysis, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global transportation seals market, assessing the market on the basis of its segments like types, materials, motions, end uses, and major regions.
Global Transportation Seals Market Share, Size, Trends, Industry Report, Key Player, Major Segments, and Forecast
The key highlights of the report include:
Market Overview (2018-2028)
- Historical Market Size (2022): Around USD 14.5 Billion
- Forecast CAGR (2023-2028): 5.90%
- Forecast Market Size (2028): Nearly USD 20.4 Billion
A major driver of the global transportation seals market is its increased usage of the product in the automotive sector. Transportation seals offer features such as temperature resistance, advanced durability, and colour stability. They are used to seal the gap between vehicle parts to stop leakage and connect two joints to prevent the penetration of unwanted particles.
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O ring seals are one of the most commonly used types of transportation seals owing to their ease of convenience and flexibility. These seals are utilised in several end-use sectors such as automotive, chemical, healthcare, pharmaceutical, and aviation, among others. Such seals come in different sizes, offer reusability, and have low production costs, which makes them suitable for diverse uses.
Another factor that drives the global transportation seals market is the effectiveness of seals in reducing the noise and vibration of vehicles and enhancing the comfort of the driver and passengers. Furthermore, the introduction of stringent regulations aimed at ensuring the safety of vehicles is driving the implementation of seals to ensure their optimal functioning and performance.
Transportation Seals Industry Definition and Major Segments
Transportation seals are secure seals that provide noise reduction, anti-vibration, and sealing facilities when used with a gasket. They ensure proper compliance of vehicles with safety regulations. These seals can further prevent or reduce the leakage between the joints of two objects when they are squeezed or compressed.
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On the basis of type, the market is classified into:
- Lip Seals
Based on material, the market is segmented into:
- Metal Seals
- Elastomers Seals
On the basis of motion, the market is categorised into:
- Static Seals
- Linear Seals
- Rotary Seals
Based on end use, the market is classified into:
On the basis of region, the market is divided into:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Transportation Seals Market Trends
A key trend propelling the growth of the global transportation seals market is the increased demand of lightweight and eco-friendly vehicles due to growing environmental awareness. Electric vehicles produce jarring sound that can be uncomfortable to passengers, which is surging the necessity of seals to reduce the noise generation.
Manufacturers are also attempting to develop advanced seals that can minimise the power loss in driveline assemblies. These seals are expected to provide better energy consumption than traditional sealing elements while easily functioning under high pressure. They are also designed using high-end technologies, which is expected to bolster their demand in the coming years.
The global transportation seals market is expected to witness substantial growth in developing countries owing to economic development and a rise in urbanisation. Such factors are boosting the production and sales of automobiles to meet the mobility requirements of a growing population. Additionally, several government rules and regulations aimed at reducing noise pollution from the transportation sector are likely to facilitate the market growth in the forecast period.
Key Market Players
The major players in the global transportation seals market report are SKF group, Saint-Gobain Corporation, Dätwyler Holding Inc., Hutchinson, Meccanotecnica Umbra S.p. A, Meggitt PLC, Trelleborg AB, Tenneco Inc., Parker Hannifin Corporation, and Toyoda Gosei Co., Ltd., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
The report studies the latest updates in the market, along with their impact across the market. It also analyses the market demand, together with its price and demand indicators. The report also tracks the market on the basis of SWOT and Porter’s Five Forces Models.
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