Aerospace Tube Assemblies Market is Forecasted to Reach US$ 875 Million in 2028, Says Stratview Research

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

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Market Statistics:

Market Size in 2028: US$ 875 million

Growth (CAGR): 8.1% during 2023-2028

Leading Platform Type: Commercial Aircraft

Leading Application Type: Hydraulic & Instrumentation Lines

Leading Region: North America

Forecast Period: 2023-2028

Trend Period: 2017-2021

Base Year: 2022

Number of Segments Covered: 3

Number of Tables & Graphs: 100+

Country-Level Market Assessment: 20

Segment Insights on the Aerospace Tube Assemblies Market:

The global aerospace tube assemblies market is segmented based on platform type, application type, material type, sales channel type, and region.

Based on platform type – The aerospace tube assemblies market is segmented into commercial aircraft, regional aircraft, general aviation, military aircraft, helicopters, UAVs, and spacecraft. Even though commercial aircraft took a massive plunge in 2020, it is expected to remain the largest and fastest-growing platform type in the market during the forecast period owing to the increasing demand for lightweight yet durable components and parts for aircraft. Other prime factors anticipated to propel the demand for tube assemblies in the commercial aircraft segment, in the long run, are the market entry of new players, such as COMAC and Irkut, rebounding aircraft deliveries, and the ungrounding of B737Max.

Based on application type - The market is segmented into hydraulic & instrumentation lines, fuel lines, cooling lines, bleed lines, and others. Hydraulic & instrumentation lines are expected to remain the dominant application type in the market during the forecast period. Tube assemblies in this application are used to actuate flight control surfaces, such as flaps and slats, and are also crucial components in landing gear and brakes.

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 is expected to remain the largest market for aerospace tube assemblies during the forecast period. This growth outlook is majorly attributed to the following–

·      The USA is the growth engine of the region’s market with the presence of major aircraft OEMs, tier players, raw material suppliers, and part fabricators.

·      Most of the tube assembly suppliers have their presence in the region to address the emergent needs of OEMs and to be the partners for their upcoming aircraft programs or upcoming fuel-efficient variants of existing aircraft programs.

Concurrently, Asia-Pacific is likely to recoup at the fastest rate, witnessing the highest growth during the same period. The highest growth of Asia-Pacific is mainly attributable to the increasing aircraft fleet to support rising passenger traffic; the opening of assembly plants of Boeing and Airbus for multiple aircraft programs; increasing procurement of military aircraft, owing to the rising defense budget; and upcoming indigenous aircraft, C919.

Aerospace Tube Assemblies Market Drivers:

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

·      Major airframers have planned to raise the production rate of the key aircraft programs (A220, A320neo, A350XWB, B737 Max, and B787) in the near future

·      Advancements in Materials and Manufacturing Technologies

·      Surge in Aircraft Production and Air Travel Demand

Top Companies in the Aerospace Tube Assemblies Market:

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

• Eaton Corporation Plc
• Senior Plc
• Hutchinson PFW Aerospace GmbH
• Arrowhead Products
• Parker-Hannifin Corporation
• Safran SA
• Unison Industries

What Unique Insights Does This Report Offer?

This report provides comprehensive insights into the 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

Related Reports:

-      Aerospace Tube Materials Market

-      Aerospace Tubes Market

About us –

Stratview Research is a global market research firm that highly specializes in 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 take convincing business decisions.

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