Aerospace Tube Distribution Market Report
Aerospace Tube Distribution Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2021-2026 See less
Aerospace Tube Distribution Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2021-2026
Aerospace Tube Distribution Market is Segmented by Platform Type (Commercial Aircraft, Regional Aircraft, General Aviation, Military Aircraft, Helicopter, UAV, and Spacecraft), by Application Type (Hydraulic & Instrumentation Lines, Fuel Lines, Cooling Lines, Bleed Lines, and Others), by Material Type (Steel & Alloys, Titanium & Alloys, Nickel & Alloys, and Others), by Product Type (Seamless Tubes and Welded Tubes), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
Aerospace Tube Distribution Market is Segmented by Platform Type (Commercial Aircraft, Regional Aircraft, General Aviation, Military Aircraft, Helicopter, UAV, and Spacecraft), by Application Type (Hydraulic & Instrumentation Lines, Fuel Lines, Cooling Lines, Bleed Lines, and Others), by...
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.
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.
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.
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.
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.
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.
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:
The aerospace tube distribution market is segmented into the following categories.
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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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