Global Transportation Seals Market Report and Forecast 2024-2032

Global Transportation Seals Market Outlook

The global transportation seals market size reached a value of around USD 15.36 billion in 2023. The market is expected to grow at a CAGR of 5.90% between 2024 and 2032, reaching a value of approximately USD 25.66 billion by 2032.

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Key Trends in the Market

A transportation seal is used with a gasket for sound and noise reduction, sealing, packaging, anti-vibration, hygiene, supporting, and mounting while preventing leaking from or into the linked objects while they are compressed. Transportation seals assist manufacturers adhere to stringent requirements and regulations while improving performance and effectiveness.

• Advanced power transmission seals are currently being developed which are anticipated to dramatically reduce power loss in driveline assemblies when compared to conventional sealing elements. These seals are created using cutting-edge designs and unique materials that function well under high pressure, further increasing the demand for the transportation seals market.

• Transportation seals are being used increasingly in the automotive sector to stop leakage between linked elements due to the increased durability, colour stability, and temperature resistance of the seals. The increase in demand of high-performance seals by the automotive industry is opening up new opportunities for growth in the market for transportation seals.

• The increased awareness of vehicle noise, vibration, and harshness (NVH) is one of the key transportation seals market trends propelling the market growth. Due to changing lifestyles, increasing disposable income, and rapid urbanisation, there is an increasing demand for automobiles, particularly vehicles that are lightweight and environmentally friendly vehicles, thereby fuelling the growth of the market for transportation seals.

Global Transportation Seals Market Analysis

Based on type, the market is divided into O-ring, lip seals, and gaskets, among others. The market on the basis of material is segmented into metal seals, thermoplastics, and elastomers seals. Based on motion, the market is classified into static seals, linear seals, and rotary seals. The market on the basis of end use is segregated into aerospace, automotive, marine, and rail, among others. The regional markets for transportation seals are divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

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The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model, along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global transportation seals market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments, and expansion plans.

• 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

Transportation Seals Market Share by Type

O-ring seals are expected to account for a significant share of the market for transportation seals based on type as they are widely utilised because of their flexibility and simple design. Common applications of O-ring seals are oil and gas, aerospace and aviation, medical and healthcare, automotive, and chemical and petrochemical, among others. The market for O-ring seals offers considerable growth potential over the projected period due to the flexibility, good sealing, variety of sizes, reusability, and low manufacturing costs of O-ring seals.

Furthermore, the increased use of O-ring seals in automotive components is being fuelled by their longevity and minimal maintenance requirements. The expanding use of cutting-edge materials in the creation of O-ring seals for significant applications, including the fabrication of aircraft and medical equipment, among others, is anticipated to fuel the transportation seals market growth in the coming years.

Transportation Seals Market Share by End Use

Over the forecast period, it is anticipated that automotive end uses would account for a large share of the transportation seals market. Transportation seals are used in automotives for various applications, such as connecting joints and blocking leaks while keeping out unwanted particles. In the automotive industry, seals are also frequently used to seal the gap between two parts to stop leaks from occurring when the parts are squeezed.

Automotive seals are used to heat, fill, induction seal, and attach to various auto parts and are available in many different sizes and forms while being incredibly robust and reliable. The end uses of transportation seals in automotives are driven by their ability to endure harsh vibrations brought on by an engine running as well as extensive use. Seals are essential for a vehicle's operation and performance, and hence are used in a wide range of vehicles such as motorcycles, ATVs, and off-road heavy equipment.

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Competitive Landscape

Saint-Gobain Corporation, which has its global headquarters in Courbevoie, France, and was founded in 1665, develops, produces, and sells goods and services for the industrial and construction sectors. With operations in 75 countries, they are one of the world leaders in sustainable and light construction. Saint-Gobain works to meet specific requirements for comfort, functionality, safety, and aesthetics.

Dätwyler Holding Inc., headquartered in Altdorf, Switzerland and founded in 1902, is a manufacturer of rubber parts and sealing solutions for the pharmaceutical, civil engineering, and automotive industries. The company also sells parts and accessories for electronics, robotics, engineering, and information technology. Dätwyler Holding focuses on producing high-quality, essential-to-systems elastomer components.

Tenneco Inc., founded in 1940 and headquartered in Illinois in the United States, is one of the top global designers, producers, and marketers of automotive parts for original equipment and aftermarket clients. With the help of its four business divisions, DRiV, Performance Solutions, Clean Air, and Powertrain, Tenneco is advancing global mobility by supplying technology solutions for a range of areas.

Other market players include SKF group, Hutchinson, Meccanotecnica Umbra S.p.A, Meggitt PLC, Trelleborg AB, Parker Hannifin Corporation, and Toyoda Gosei Co., Ltd., among others.

Key Highlights of the Report