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    Aerospace Tube Distribution Market Report

    Aerospace Tube Distribution Market Report
    Report code - SR1240 Published On : Oct,2021 No. of Pages: 140
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    Aerospace Tube Distribution Market Size, Share, Trend, Forecast, Competitive Analysis, and See more...

    Impact of COVID-19 on Aerospace Tube Distribution Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Aerospace Tube Distribution Market

    Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Market Highlights

    Aerospace tubes are crucial components of the aircraft, they aid in fluid conveyance, fuel conveyance, bleed lines, cooling lines, etc. They are usually manufactured using metal & alloys such as titanium, steel, and nickel. Distributors play a pivotal role in the extremely complex supply chain by establishing a broad geographical base on behalf of manufacturers. The intervention of distributors enables a smooth, hassle-free business environment for component manufacturers and OEMs. A distributor acts as an intermediate node between tube manufacturers (such as Ametek, Inc.) and tier players (such as tube assembler, Parker-Hannifin Corporation) or OEMs (such as Airbus or Boeing). The web of distributors is likely to stretch further in the years to come, with the growing need for intermediaries in order to reduce the direct pressure on tube manufacturers.

    The aerospace tube distribution market witnessed a colossal decline of -27%+ in 2020 amid the pandemic. That being said, the industry is gradually rebounding in the year 2021 with the easing up of travel restrictions, resumed production, and a gradual regain of normalcy. This is likely to imprint a positive impact on the market which is estimated to rebound at a promising CAGR of 8.4% in the long run to reach US$ 607 Million in 2026.

    Market Segments' Analysis

    Aerospace Tube Distribution Market by Platform Type

    Based on the platform type, the market is segmented as commercial aircraft, regional aircraft, general aviation, military aircraft, helicopter, UAV, and spacecraft. Despite taking a nosedive in 2020, commercial aircraft is expected to remain the largest and the fastest-growing segment of the market during the forecast period. Increasing demand for lightweight yet durable components and parts, market entry of new players, such as COMAC and Irkut, rebounding aircraft deliveries, and ungrounding of B737Max are some of the key factors propelling the demand for tubes in the commercial aircraft segment, in turn driving the distribution market.

    Aerospace Tube Distribution Market by Application Type

    Based on the application type, the market is segmented as hydraulic & instrumentation lines, fuel lines, cooling lines, bleed lines, and others. Hydraulic & instrumentation lines is expected to remain the most dominant application type in the market, whereas bleed lines is expected to grow at the fastest rate during the forecast period. Key areas of application within the hydraulic & instrumentation lines are hydraulic flight control surfaces servo actuator system or torque tubes, hydraulic high-pressure pump system, engine-driven pump actuator system, hydraulic nose landing gear, thrust reverser door actuation, etc.

    Regional Analysis

    In terms of regions, North America is expected to remain the largest market for aerospace tube distribution during the forecast period. This region’s market’s path was full of obstacles in the past few years with the prolonged approval of B737 Max, decreased production rate of the B787 program, and rapid transmission of COVID-19. However, the region is likely to bounce back with healthy growth in the next few years. Europe and Asia-Pacific are also likely to create sizeable opportunities in the coming five years. The USA in North America; Germany, France, the UK, and Russia in Europe; and China, Japan, and India to remain the major markets.  

    Key Players

    The following are the key players in the aerospace tube distribution market. Most of the major players are providing tubes made of titanium & alloys which is the most attractive material type in the market.

    • TW Metals
    • VSMPO-Tirus
    • A.M. Castle & Co.
    • Future Metals
    • Titanium Industries, Inc.
    • Hadco Metal Trading
    • Reliance Metals Co.
    • United Performance Metals

    Research Methodology

    This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s aerospace tube distribution market realities and future market possibilities for the forecast period of 2021 to 2026. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.

    This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than one thousand authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than fifteen detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis.
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
    • Market trend and forecast analysis.
    • Market segment trend and forecast.
    • Competitive landscape and dynamics: Market share, Product portfolio, New Product Launches, etc.
    • Attractive market segments and associated growth opportunities.
    • Emerging trends.
    • Strategic growth opportunities for the existing and new players.
    • Key success factors.

    The aerospace tube distribution market is segmented into the following categories. 

    Aerospace Tube Distribution Market Size, Share & Forecast, by Platform Type

    • Commercial Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Regional Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • General Aviation (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Military Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Helicopter (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • UAV (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Spacecraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Aerospace Tube Distribution Market Size, Share & Forecast, by Application Type

    • Hydraulic & Instrumentation Lines (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Fuel Lines (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Bleed Lines (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Cooling Lines (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Aerospace Tube Distribution Market Size, Share & Forecast, by Material Type

    • Steel & Alloys (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Titanium & Alloys (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Nickel & Alloys (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Aerospace Tube Distribution Market Size, Share & Forecast, by Product Type

    • Seamless Tube (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Welded Tube (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Aerospace Tube Distribution Market Size, Share & Forecast, by Region

    • North America (Country Analysis: The USA, Canada, and Mexico)
    • Europe (Country Analysis: Germany, France, the UK, Russia, and Rest of Europe)
    • Asia-Pacific (Country Analysis: Japan, China, India, and Rest of Asia-Pacific)
    • Rest of the World (Country Analysis: Brazil, Argentina, and Others)

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to three players)
    • SWOT analysis of key players (up to three players)

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview research offers custom research services across the sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com

    Frequently Asked Questions (FAQs)

    The aerospace tube distribution market is estimated to grow at a CAGR of 8.4% by 2026.

    TW Metals, VSMPO-Tirus, United Performance Metals Limited, A.M. Castle & Co., Future Metals, Hadco Metal Trading & Co., LLC, Reliance Steel & Aluminum Co., Rolled Alloys, Inc., Titanium Industries, Inc., and Thyssenkrupp AG, are the leading players in the aerospace tube distribution market.`

    North America is estimated to remain dominant in the aerospace tube distribution market in the foreseen future.

    Commercial aircraft is expected to remain the largest segment in the aerospace tube distribution market in the coming years.

    Hydraulic & instrumentation lines segment is expected to remain dominant application type in the aerospace tube distribution market in the next five years.

    The USA is expected to remain the major aerospace tube distribution market in the North American region.

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