Aerospace Industry Today
Aerospace Hose and Tube Assemblies Market is Likely to witness promising growth over the next five years
The research report is published in the April 2019 with 270 pages of a detailed analysis.
Published 30 July 2019
Launching announcement of a new research report on Aerospace Hose and Tube Assemblies Market which is projected to reach an estimated value of US$ 1.5 billion in 2024- forecasted by Stratview Research. The study provides an in-depth analysis by Platform Type (Commercial Aircraft, Military Aircraft, Regional Aircraft, General Aviation, Helicopter, and Others), by Product Type (Hoses and Tubes), by Hose Type (PTFE Hoses, Rubber Hoses, and Others), by Tube Type (Stainless Steel Tubes, Inconel Tubes, Titanium Tubes, and Others), by Pressure Type (Low- & Medium-Pressure, and High-Pressure), by Application Type (Fuel System, Hydraulic System, Instrumentation, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of The World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2019-2024.
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The market for hose and tube assemblies in the aerospace industry will continue to witness promising growth over the next five years to reach an estimated value of US$ 1.5 billion in 2024. Several factors are directly or indirectly bolstering the demand for hose and tube assemblies in the aerospace industry in which some of the major ones are organic growth of the aircraft industry and increasing demands for lightweight and durable fluid conveyance systems.
Get your copy of free sample pages-click here
Boeing anticipated that there would be total deliveries of 42,730 commercial and regional aircraft worth of US$ 6.3 trillion in the global marketplace during 2018-2037. Asia-Pacific and Europe would be the biggest demand generators with a combined share of 62.5% of the total aircraft deliveries during 2018-2037. An expected healthy CAGR of 4.7% in air passenger traffic during 2018-2037 will chiefly drive the demand for the aircraft. This factor will create sustainable demand for hose and tube assemblies in the aerospace industry.
Another factor adding flavor to the the market dynamics is the gradual consolidation. Major players are acquiring small players to tap the potential of this highly growing market. Some of the prominent mergers & acquisitions that took place in the market include the acquisition of Polimer Kauçuk Sanayi ve Pazarlama A.S., a Turkish manufacturer of hydraulic and industrial hose, by Eaton Corporation; acquisition of Global Tubes and FMH Aerospace Corporation by Ametek, Inc., and acquisition of Zodiac Aerospace by Safran S.A.
Based on the platform type, the market is segmented into commercial aircraft, military aircraft, regional aircraft, general aviation, helicopter, and others. Commercial aircraft is likely to remain the growth engine of the market during the forecast period. Today, the deliveries of commercial aircraft are at peak and have not witnessed a decline in the past seven years. Stratview estimates and OEMs’ announcements suggest that the production of aircraft will continue to increase as both Boeing and Airbus are enjoying a huge pile of order backlogs and have been increasing the production rates of their key programs (B737, B787, A320, and A350XWB). They are also developing fuel-efficient aircraft platforms (A320neo, B737 Max, B777x, and A330neo) to address the grave concern of airlines. Apart from these above-mentioned factors, market entry of COMAC and Irkut in the commercial aircraft segment further increases the potential of hoses and tubes in the commercial aircraft segment.
Based on the product type, the market is segmented into hoses and tubes. Hoses are further bifurcated based on the material type into PTFE hoses (Teflon), rubber hoses, and others. Similarly, tubes are classified based on the material type into stainless steel tubes, Inconel tubes, titanium tubes, and others. PTFE hoses are expected to maintain its dominance in the aerospace hose assemblies market, whereas titanium tubes are likely to witness the highest growth in aerospace tube assemblies market.
Based on the application type, the market is segmented into fuel system, hydraulic system, instrumentation, and others. Fuel system is estimated to remain the largest and the fastest-growing application segment for hose and tube assemblies in the aerospace industry over the next five years. Hoses and tubes in an aircraft fuel system deliver fuel to the propulsion system and auxiliary power unit. Fuel lines are required to be securely attached to aircraft with the clamp; thus, usually, metal tubes are used for it. In case where flexibility is required, rubber or PTFE hoses are used.
In terms of regions, North America is expected to remain the largest market for aerospace hose and tube assemblies during the forecast period. The USA is the growth engine of the region’s market with the presence of major aircraft OEMs, tier players, hose and tube suppliers, and airlines. All the major hose and tube assemblies’ suppliers have their presence in the region to address the emergent needs of the OEMs in order to be the partner for their upcoming aircraft programs or upcoming fuel-efficient variants of existing aircraft programs.
Europe is likely to remain the second-largest market for aerospace hose and tube assemblies during the forecast period. Commercial aircraft is the growth engine of the European market for aerospace hose and tube assemblies, largely driven by the A320 and A350 XWB aircraft programs. Airbus has a massive plan to raise the production rate of its A320 family aircraft including neo variants, Airbus reported that the A320 programme is on track to achieve production rate 60 per month for the A320 Family by mid-2019.
Asia-Pacific is expected to experience the highest growth in the global market during the forecast period. The highest growth of Asia-Pacific is mainly attributable to the increasing aircraft fleet to support rising passenger traffic; opening of assembly plants of Boeing and Airbus for B737, A320, and A330 aircraft programs; increasing procurement of military aircraft, owing to rising defense budget; and upcoming indigenous commercial and regional aircraft (C919 and MRJ).
The supply chain of this market comprises raw material suppliers, aerospace hose and tube manufacturers, tier players, aircraft OEMs, airlines, and aircraft leasing companies. Key players in the market are Eaton Corporation, Parker Hannifin Corporation, Smiths Group plc, PFW Aerospace, Leggett & Platt, Inc., Ametek, Inc., ITT Inc., Unison Industries, Stelia Aerospace, Safran S.A., Flexfab, LLC, and Steico Industries Inc. Development of lightweight hoses and tubes for critical applications, expansion in untapped and growing markets, and execution of mergers & acquisitions are the key strategies adopted by the major players to gain a competitive edge in the market.
Report Features
The report provides diverse market intelligence with maximum business value. It gives a condemnatory understanding of the market dynamics and enables strategic decision making for the existing market players as well as those willing to enter the market. The key features include the
->industry life cycle and the supply chain analysis of the market structure.
->SWOT analysis, Porter's five forces analysis and Growth Drivers and constraints.
->Market trend and the forecast analysis.
->Forecast of the market segment trend.
->Competitive landscape and dynamics of Market share, product portfolio, product launches, etc.
->Emerging trends of attractive market segments and associated growth opportunities
->Strategic growth opportunities for the existing and new players.
ABOUT US
Stratview Research is a global market intelligence firm offering a wide range of services including syndicated market reports, consulting, sourcing intelligence, and customer research.
We have a strong, experienced team of industry veterans and research analysts with a perfect blend of wisdom, knowledge and attitude. We have been serving multiple clients across a wide array of industries.
Our services cover a broad spectrum of industries including Energy, Chemicals, Advanced Materials, Automotive, and Aerospace. We provide research services at the global, regional as well as country level; key regions include Europe, APAC, NA, MEA, RoW.
We are a trusted brand in the research industry with the capability of commissioning complex projects within a short span of time with a high level of accuracy. At Stratview, we believe in building long-term relations with our clients.
To browse through our range of reports in the Aerospace & Defence industry, refer to the following link
Click here to read the detailed description and TOC
The Aerospace Hose and Tube Assemblies Market: Highlights
Hose and tube assemblies in the aerospace industry serve the purpose of a conduit through which fluid is conveyed. Tubes are used in stationary application; where long and relatively straight runs are possible. They are widely used in the aerospace industry for fuel, oil, coolant, oxygen, instrument, and hydraulic lines. Similarly, hoses are used to connect moving parts with stationary parts, where they are subject to considerable vibration or where a great amount of flexibility is required. In the aerospace industry, tubes are usually rigid fluid lines made of materials, such as stainless steel, Inconel, titanium, copper, and aluminum. On the other hand, hoses are flexible fluid lines usually made of rubber (EPDM, neoprene, etc.) and Polytetrafluoroethylene (PTFE).The market for hose and tube assemblies in the aerospace industry will continue to witness promising growth over the next five years to reach an estimated value of US$ 1.5 billion in 2024. Several factors are directly or indirectly bolstering the demand for hose and tube assemblies in the aerospace industry in which some of the major ones are organic growth of the aircraft industry and increasing demands for lightweight and durable fluid conveyance systems.
Get your copy of free sample pages-click here
Boeing anticipated that there would be total deliveries of 42,730 commercial and regional aircraft worth of US$ 6.3 trillion in the global marketplace during 2018-2037. Asia-Pacific and Europe would be the biggest demand generators with a combined share of 62.5% of the total aircraft deliveries during 2018-2037. An expected healthy CAGR of 4.7% in air passenger traffic during 2018-2037 will chiefly drive the demand for the aircraft. This factor will create sustainable demand for hose and tube assemblies in the aerospace industry.
Another factor adding flavor to the the market dynamics is the gradual consolidation. Major players are acquiring small players to tap the potential of this highly growing market. Some of the prominent mergers & acquisitions that took place in the market include the acquisition of Polimer Kauçuk Sanayi ve Pazarlama A.S., a Turkish manufacturer of hydraulic and industrial hose, by Eaton Corporation; acquisition of Global Tubes and FMH Aerospace Corporation by Ametek, Inc., and acquisition of Zodiac Aerospace by Safran S.A.
Based on the platform type, the market is segmented into commercial aircraft, military aircraft, regional aircraft, general aviation, helicopter, and others. Commercial aircraft is likely to remain the growth engine of the market during the forecast period. Today, the deliveries of commercial aircraft are at peak and have not witnessed a decline in the past seven years. Stratview estimates and OEMs’ announcements suggest that the production of aircraft will continue to increase as both Boeing and Airbus are enjoying a huge pile of order backlogs and have been increasing the production rates of their key programs (B737, B787, A320, and A350XWB). They are also developing fuel-efficient aircraft platforms (A320neo, B737 Max, B777x, and A330neo) to address the grave concern of airlines. Apart from these above-mentioned factors, market entry of COMAC and Irkut in the commercial aircraft segment further increases the potential of hoses and tubes in the commercial aircraft segment.
Based on the product type, the market is segmented into hoses and tubes. Hoses are further bifurcated based on the material type into PTFE hoses (Teflon), rubber hoses, and others. Similarly, tubes are classified based on the material type into stainless steel tubes, Inconel tubes, titanium tubes, and others. PTFE hoses are expected to maintain its dominance in the aerospace hose assemblies market, whereas titanium tubes are likely to witness the highest growth in aerospace tube assemblies market.
Based on the application type, the market is segmented into fuel system, hydraulic system, instrumentation, and others. Fuel system is estimated to remain the largest and the fastest-growing application segment for hose and tube assemblies in the aerospace industry over the next five years. Hoses and tubes in an aircraft fuel system deliver fuel to the propulsion system and auxiliary power unit. Fuel lines are required to be securely attached to aircraft with the clamp; thus, usually, metal tubes are used for it. In case where flexibility is required, rubber or PTFE hoses are used.
In terms of regions, North America is expected to remain the largest market for aerospace hose and tube assemblies during the forecast period. The USA is the growth engine of the region’s market with the presence of major aircraft OEMs, tier players, hose and tube suppliers, and airlines. All the major hose and tube assemblies’ suppliers have their presence in the region to address the emergent needs of the OEMs in order to be the partner for their upcoming aircraft programs or upcoming fuel-efficient variants of existing aircraft programs.
Europe is likely to remain the second-largest market for aerospace hose and tube assemblies during the forecast period. Commercial aircraft is the growth engine of the European market for aerospace hose and tube assemblies, largely driven by the A320 and A350 XWB aircraft programs. Airbus has a massive plan to raise the production rate of its A320 family aircraft including neo variants, Airbus reported that the A320 programme is on track to achieve production rate 60 per month for the A320 Family by mid-2019.
Asia-Pacific is expected to experience the highest growth in the global market during the forecast period. The highest growth of Asia-Pacific is mainly attributable to the increasing aircraft fleet to support rising passenger traffic; opening of assembly plants of Boeing and Airbus for B737, A320, and A330 aircraft programs; increasing procurement of military aircraft, owing to rising defense budget; and upcoming indigenous commercial and regional aircraft (C919 and MRJ).
The supply chain of this market comprises raw material suppliers, aerospace hose and tube manufacturers, tier players, aircraft OEMs, airlines, and aircraft leasing companies. Key players in the market are Eaton Corporation, Parker Hannifin Corporation, Smiths Group plc, PFW Aerospace, Leggett & Platt, Inc., Ametek, Inc., ITT Inc., Unison Industries, Stelia Aerospace, Safran S.A., Flexfab, LLC, and Steico Industries Inc. Development of lightweight hoses and tubes for critical applications, expansion in untapped and growing markets, and execution of mergers & acquisitions are the key strategies adopted by the major players to gain a competitive edge in the market.
Report Features
The report provides diverse market intelligence with maximum business value. It gives a condemnatory understanding of the market dynamics and enables strategic decision making for the existing market players as well as those willing to enter the market. The key features include the
->industry life cycle and the supply chain analysis of the market structure.
->SWOT analysis, Porter's five forces analysis and Growth Drivers and constraints.
->Market trend and the forecast analysis.
->Forecast of the market segment trend.
->Competitive landscape and dynamics of Market share, product portfolio, product launches, etc.
->Emerging trends of attractive market segments and associated growth opportunities
->Strategic growth opportunities for the existing and new players.
ABOUT US
Stratview Research is a global market intelligence firm offering a wide range of services including syndicated market reports, consulting, sourcing intelligence, and customer research.
We have a strong, experienced team of industry veterans and research analysts with a perfect blend of wisdom, knowledge and attitude. We have been serving multiple clients across a wide array of industries.
Our services cover a broad spectrum of industries including Energy, Chemicals, Advanced Materials, Automotive, and Aerospace. We provide research services at the global, regional as well as country level; key regions include Europe, APAC, NA, MEA, RoW.
We are a trusted brand in the research industry with the capability of commissioning complex projects within a short span of time with a high level of accuracy. At Stratview, we believe in building long-term relations with our clients.
To browse through our range of reports in the Aerospace & Defence industry, refer to the following link
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