Aircraft Band Clamps Market is Forecasted to Reach US$ 246.4 Million in 2027, Says Stratview Research

Stratview Research, a global market research firm, has launched a report on the global aircraft band clamps market, which provides a comprehensive outlook of the global and regional industry forecast, current & emerging market trends, segment analysis, competitive landscape, & more.

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Market Statistics:

Market Size in 2021: US$ 120.7 million

Market Size in 2027: US$ 246.4 million

Growth (CAGR): 11.4% during 2022-2027

Leading Aircraft Type: Commercial Aircraft

Leading Application Type: Engines

Leading Band Material Type: Steel & Stainless Steel

Leading Band Clamp Type: T-Bolt Band Clamp

Leading Region: North America

Forecast Period: 2022-2027

Trend Period: 2016-2020

Base Year: 2021

Number of Segments Covered: 5

Number of Tables & Graphs: 100+

Country-Level Market Assessment: 20

Segment Insights & Market Share Analysis of the Aircraft Band Clamps Market:

The global aircraft band clamps market is segmented based on aircraft type, application type, band material type, band clamp type, and region.

Based on aircraft type –

·        The market is segmented into commercial aircraft, regional aircraft, helicopters, military aircraft, and general aviation. 

·        The commercial segment occupied a market share of more than 55% in 2021 & is expected to be the fastest-growing aircraft type in the market during the forecast period driven by the expected rebounding of air passenger traffic, reapproval of B737 Max, and projected ramp-up in production rates of key aircraft programs.

·        Furthermore, both aerospace giants, Boeing and Airbus, are optimistic about the market recovery, in the long run, forecasting over 40,000 commercial and regional aircraft deliveries in the next twenty years, assuring a sustainable demand for band clamps in the coming years.

Based on application type –

·        The market is segmented into engines and others. 

·        The engine segment remains dominant in the market with more than 90% share in 2021 as it consists of maximum connections of ducts, tubes, and hoses which need to be connected intact to withstand intense temperatures and pressure.

Based on band material type –

·        The market is segmented as steel/stainless steel, aluminum, titanium, nickel alloys, and others. 

·        Steel & stainless steel accounted for a share of more than 50% in 2021, & are projected to remain dominant in the market during the forecast. Owing to their various benefits over other materials, such as the ability to withstand extreme vibrations, shock, temperature, and pressure. Steel/stainless steel is also cost-effective as compared to titanium and nickel alloys.

Based on band clamp type –

·        The market is segmented into T-bolt band clamps and V-band clamps. 

·        The T-Bolt band clamp occupied a market share of more than 80% in 2021 & is expected to remain the most dominant clamp type during the forecast period. They are used in a majority of functionalities in the engine and other aircraft applications to hold all types of ducts, tubes, and hoses. It is also cost-effective and inhibits several properties, strengthening the connectivity in extreme temperatures and pressure.

To know the most attractive segments, click here for a free sample of the report:

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Which region shows the most promising growth forecast and opportunity?

The analysis suggests that North America dominated the market with a share of more than 45% in 2021, and is expected to remain the largest region during the forecast period. This growth outlook is mainly attributed to the following:

-      Due to the presence of a large number of OEMs: such as Airbus, Boeing, and Lockheed Martin; tier players, and raw material suppliers in the region.

-      The North American market is highly competitive with the presence of a large number of leading global players, such as TransDigm Inc., Eaton Corporation, Voss Industries Inc., and Caillau in the region.

Aircraft Band Clamps Market Drivers:

Some of the key drivers listed in the report are given below.

-      Growing commercial aircraft fleet and increasing demand for new aircraft deliveries.

-      The lifting of the grounding of the 737 Max and the increase in new aircraft deliveries will contribute to driving the market.

-      Upcoming aircraft programs like Boeing 777X, COMAC, Aerion AS2, and Bell V-280 Valor.

-      The increasing demand for air travel has resulted in a rise in aircraft production and maintenance activities. This, in turn, has led to an increase in demand for aircraft clamps.

Competitive Landscape: Top Companies in the Aircraft Band Clamps Market:

The market is moderately fragmented, with over 20 players. Most of the major players compete on some of the governing factors, including price, service offerings, regional presence, etc. Stratview Research has identified the following companies as the top market players:

-         TransDigm Group Inc. (AdelWiggins and TA Aerospace)

-        Teconnex Ltd

-        Voss Industries Inc. (A CAM Company)

-        Eaton Corporation

-        Caillau

-        Ho-Ho Kus. Inc

-        J&M Products, Inc.

-        National Utilities Co./NUCO

-        Pacmet Aerospace.

What Unique Insights Does This Report Offer?

This report provides comprehensive insights into the aircraft band clamps market, answering critical questions like

-      How big is the sales opportunity?

-      Which regions offer the best sales opportunities?

-      Which are the most attractive market segments?

-      Which are the top players and their market positioning?

-      How complex is the business environment?

-      What are the factors affecting the market?

For Customization or Any Other Queries, get in Touch with our industry experts at sales@stratviewresearch.com

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About us –

Stratview Research is a global market research and consulting firm that highly specializes in IT & telecom, aerospace & defense, chemicals, and a few other industries.

It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to make convincing business decisions.

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