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2022

Transportation Seals Market

Transportation Seals Market Size, Share, Competitive Landscape and Trend Analysis Report by End Use, by Type, by Material, by Motion : Global Opportunity Analysis and Industry Forecast, 2021-2031

AT : Automotive systems and accessories

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Author's: Sneha Jaywant kamble | Lalit Janardhan Katare
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The global transportation seals market was valued at $12.9 billion in 2021, and is projected to reach $25.2 billion by 2031, growing at a CAGR of 7.3% from 2022 to 2031.

A seals and gasket is used to for sealing, packaging, anti-vibration, supporting, and mounting. They help prevent leakage from or into the joined objects while under compression. On the other hand, seals are usually molded or machined products that are often flat and round-shaped such as an O-ring. Seals are used to keep leaks free from occurring within a molded or machined product. In the transportation sector, gaskets and seals are used to fill the gap between two components to stop any leakage that may occur during the compression stage. Gaskets are manufactured with a diverse set of materials such as plastic polymer, gasket paper, rubber, silicone, fibreglass, cork, felt, and metal.

Transportation Seals Market

Factors such as increase in international trade activities, growth in awareness pertaining to NVH, and rise in demand for advanced seals to improve fuel efficiency are anticipated to boost the growth of the global transportation seals market during the forecast period. However, increase in demand for electric vehicles & aircrafts, and volatile prices of raw materials are expected to hinder the growth of the global market during the forecast period. Moreover, increase in demand from developing countries, and winning contract/agreement is the key strategy to gain a competitive advantage and is expected to create an opportunity for the growth of the transportation seals industry in near future.

The transportation seals market is segmented basis of end use, type, material, motion and region. By end use, it is divided into aerospace, automotive, rail, marine, and others. By type, it is categorized into Lip Seals, Gaskets, O-ring, and others. By material, it is classified into elastomers seals, thermoplastics, and metal seals. By motion, it is segmented into Static Seals, Linear Seals, and Rotary Seals. By region, the market is analyzed across North America, Europe, Asia-Pacific and LAMEA.

Transportation Seals Market by Motion

The key players that operate in this transportation seals market are Compagnie de Saint-Gobain S.A., Cooper Standard Holding Inc., Dana Limited, Datwyler Holding Inc., Federal-Mogul Corporation, Freudenberg Sealing Technologies GmbH & Co. KG, Hutchinson SA, Meccanotecnica Umbra S.p.A., Meggitt Plc, Parker-Hannifin Corporation, SKF, Smiths Group PLC, Tennecco Inc., Toyoda Gosei Co., Ltd., and Trelleborg AB.

Growth in awareness pertaining to NVH

Vehicle noise and vibration harshness performance is an important factor in vehicle design validation, as it significantly affects acceptance of the vehicle among customers. Noise and vibration degrade the driver’s and passengers’ comfort and induce fatigue and stress among others. Modern vehicle development requires vibration and noise refinement to deliver the customer satisfaction and acceptance. Thus, owing to this, the demand for noise and vibration produced by the vehicle body, chassis, and components is increasing significantly. It becomes evident that powertrain induced noise is a key component of the vehicle’s interior noise owing to increased market demand for lighter and more powerful vehicles. Owing to this, seals are widely used to damp noise from various sources and to reach the passenger comfort targets. Moreover, new technologies and advances in noise, vibration and harshness (NVH) materials for sound dampening are providing options to eliminate extra noise from in-cabin vibrations and friction. For instance, vehicle manufacturers are using elastomeric weather strips are used to seal automotive doors, sunroofs and rear decklids. Thus, awareness about acoustics of vehicle trims and in-cabin noise reduction for comfort and satisfaction is on the rise among consumers, which is driving the growth of the transportation seals market. 

Transportation Seals Market by End Use

Rise in demand for advanced seals to improve fuel efficiency

The global rise in air and noise pollution has directed the focus of the regulatory bodies and manufacturers around the world to adopt environment-friendly policies and technologies. Stringent regulations by EC (European Legislation) and CAFE (Corporate Average Fuel Economy) is highly influencing the development of fuel-effective vehicles. Similarly, the European Commission announced the proposal for Clean Aviation European Partnership in February 2021. The primary goal of the proposal is to utilize the work of Clean Sky and Clean Sky 2 Joint Undertakings and develop solutions to minimize the environmental impact of the aviation sector. Moreover, in many industrialized nations, legislations and directives are governing the emission of pollutant gases, such as carbon monoxide, sulfur, and nitrogen oxide, to reduce CO2 emission. Advanced sealing materials, such as Nitrile or Buna-N, Ethylene-Propylene, Fluorosilicone, among others are used majorly in the automotive and aerospace industry for interior & exterior applications. Moreover, advanced materials are essential for boosting the fuel economy of modern vehicles while maintaining safety and performance. Therefore, replacing traditional rubber seals with these advanced, is expected to reduce the weight of a vehicle’s body and chassis and thus, reduce vehicle’s fuel consumption. For instance, the Freudenberg Sealing Technologies has developed Low Emission Sealing Solutions (LESS) that reduces the friction, emissions, installation spaces, and weights thereby boost the fuel economy of modern vehicles while maintaining safety and performance. Therefore, such advancements and rise in demand for seals with advanced low-weight materials are expected to provide lucrative growth opportunities for the transportation seals market growth in the near future.

Transportation Seals Market by Type

Increase in demand for electric vehicles and aircrafts

The electric vehicles (EV) market is witnessing exponential growth due to factors such as climate change and efforts to achieve net zero emissions. Moreover, favorable incentives and policies introduced by governments of different countries to promote electric vehicles boost the growth of the EV industry. For instance, in 2021, in California, the Clean Vehicle Rebate Project (CVRP) promoted clean vehicle adoption in California by offering rebates ranging from $1,000 to $7,000 for purchases or leases of new zero-emission vehicle. Also, in 2021, New Zealand proposed clean car discount, in which new car buyers receive an $8,625 rebate for electric vehicles (EVs) priced less than $80,000, including GST and road costs. Rise in awareness about climate change and surge in demand for electric cars lead to increase in the production of electric vehicles. For instance, according to a report by the International Energy Agency (IEA) organization, 2022, EV vehicles globally reached 6.7 million units in 2021, a 3.7 million units over 2020, accounting for 4.1% of the market share. In 2020, the electrical percentage of automobile income was about 2.4%, increasing from about 2% in 2019. Moreover, some countries announced policies banning and phasing out gasoline and diesel cars. Such measures taken by various governments also encourage automakers and other market players to adopt the new electric vehicle trend. For instance, in 2022, Ford Motor plans to invest $20 billion in an effort to expand electrification of its lineup with an investment of 20 billion dollars. Similarly, several aircraft and aircraft equipment manufacturers have increased replacing the conventional aircraft systems with novel lightweight electrical systems to reduce the operational costs of the aircraft. For instance, in March 2021, Airbus launched ASCEND project for demonstrating a 2 to 3 lighter hybrid-electric or electric propulsion system as compared to the conventional system, which further reduces the operating cost of the aircraft. The new electric vehicles and aircrafts does not requires traditional engine, fuel system, transmission system among others where sealing systems are predominantly used. Owing to this the growth in electric vehicles and aircrafts is expected to hinder the growth of the transportation seals market in the future.

Increase in demand from developing countries

The demand for personal vehicles in developing countries, in particular, increases in conjunction with economic expansion. The transportation industry in emerging countries has a huge growth potential. The transportation seals market in the area has growth potential due to rise in consumer spending and increased use of new technologies in developing countries. In a variety of industries, huge multinational corporations have increased their foreign direct investment in emerging countries considerably in recent years. Initially, these investments were mostly aimed toward exporting to the developed world, but the focus has recently switched to developing local markets as well. Government regulations that incorporate high levels of protection and high local content requirements have fueled the growth of the transportation sector in developing economies over the last few decades. While these rules have boosted local vehicle and component production, they have also helped certain local businesses survive even in an economic downturn. The development and implementation of novel transportation solutions have expanded tremendously in nations like India and China. With the growth of the transportation sector in the region the demand for transportation seals is also increasing significantly as the market for transportations seals are directly depends on growth of the automotive, aviation and transportation sector.

Transportation Seals Market by Region

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the transportation seals market analysis from 2021 to 2031 to identify the prevailing transportation seals market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the transportation seals market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global transportation seals market trends, key players, market segments, application areas, and market growth strategies.

Transportation Seals Market Report Highlights

Aspects Details
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Market Size By 2031

USD 25.2 billion

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Growth Rate

CAGR of 7.3%

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Forecast period

2021 - 2031

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Report Pages

380

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By Motion
  • Static Seals
  • Linear Seals
  • Rotary Seals
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By End Use
  • Aerospace
  • Automotive
  • Rail
  • Marine
  • Others
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By Type
  • Lip Seals
  • Gaskets
  • O-ring
  • Others
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By Material
  • Elastomers Seals
  • Thermoplastics
  • Metal Seals
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By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (Germany, France, Russia, Netherlands, UK, Poland, Spain, Rest Of Europe)
  • Asia-Pacific  (China, India, Japan, South Korea, Asean, Rest Of Asia-Pacific)
  • LAMEA  (Brazil, UAE, Saudi Arabia, South Africa, Rest Of LAMEA)
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Key Market Players

Smiths Group PLC, AB SKF, Compagnie de Saint-Gobain S.A., Freudenberg Sealing Technologies GmbH & Co. KG, Cooper Standard Automotive Inc., Hutchinson SA, Meccanotecnica Umbra S.p.A., Parker-Hannifin Corporation, Federal-Mogul Corporation, Dana Incorporated, Datwyler Holding, Meggitt Plc, Toyoda Gosei Co., Ltd., Trelleborg AB, Tennecco Inc.

Analyst Review

The transportation seals market is expected to witness significant growth, due to rise in production and sales of vehicles and growth of aviation industry across the globe. Manufacturers of transportation seals focus on providing innovative, fuel-saving and advanced seals to provide more durable, affordable and light-weight solutions to the customers.

Factors such as increase in international trade activities, growth in awareness pertaining to NVH, and rise in demand for advanced seals to improve fuel efficiency are anticipated to boost the growth of the global transportation seals market during the forecast period. However, increase in demand for electric vehicles & aircrafts, and volatile prices of raw materials are expected to hinder the growth of the global transportation seals market during the forecast period. Moreover, increase in demand from developing countries, and winning contract/agreement is the key strategy to gain a competitive advantage is expected to create an opportunity for the transportation seals market in near future.

To fulfil the changing demand scenarios, market participants are concentrating on product launch and product developments to offer a diverse range of products and meet new business opportunities. For instance, in May 2022, Trelleborg Sealing Solutions, a division of Trelleborge AB launched its enhanced double D-Seal, a resilient, dual-function sealing and damping solution specifically developed to meet the needs of the automotive, truck, and transportation industry. Moreover, in May 2021, Freudenberg Sealing Technologies GmbH & Co. KG launched a new generation of electrically conductive seals at the virtual 2021 Vienna Motor Symposium. In addition to preventing bearing damage caused by electrically-induced corrosion, the seals also increase electromagnetic compatibility. In addition, market participants are continuously focusing on business expansion efforts to expand their geographic presence and meet new business opportunities. For instance, in July 2022, Dätwyler Holding Inc. double capacity at its production operation in Pune, India. By starting up a second plant, Datwyler will increase output significantly to meet growing global demand.

The key players that operate in this market are Compagnie de Saint-Gobain S.A., Cooper Standard Holding Inc., Dana Limited, Datwyler Holding Inc., Federal-Mogul Corporation, Freudenberg Sealing Technologies GmbH & Co. KG, Hutchinson SA, Meccanotecnica Umbra S.p.A., Meggitt Plc, Parker-Hannifin Corporation, SKF, Smiths Group PLC, Tennecco Inc., Toyoda Gosei Co., Ltd., and Trelleborg AB.

Author Name(s) : Sneha Jaywant kamble | Lalit Janardhan Katare
Frequently Asked Questions?

The global transportation seals market was valued at $12.86 billion in 2021, and is projected to reach $25.23 billion by 2031, registering a CAGR of 5.3% from 2022 to 2031.

The key players that operate in this transportation seals market are Compagnie de Saint-Gobain S.A., Cooper Standard Holding Inc., Dana Limited, Datwyler Holding Inc., Federal-Mogul Corporation, Freudenberg Sealing Technologies GmbH & Co. KG, Hutchinson SA, Meccanotecnica Umbra S.p.A., Meggitt Plc, Parker-Hannifin Corporation, SKF, Smiths Group PLC, Tennecco Inc., Toyoda Gosei Co., Ltd., and Trelleborg AB.

Automotive is the leading application of transportation seals market

Asia-Pacific is the largest regional market for transportation seals

Growth in awareness pertaining to NVH, and rise in demand for advanced seals to improve fuel efficiency are the upcoming trends of transportation seals market

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Transportation Seals Market

Global Opportunity Analysis and Industry Forecast, 2021-2031