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 metals & 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 hose and 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 to reduce the direct pressure on tube manufacturers.
Post recording a hefty decline in 2020 owing to the highly perturbed condition of the aerospace industry, the aerospace tube distribution market headed down the road of recovery, marking a healthy growth in 2021-2022, ultimately reaching a value of US$ 380 Million in 2022. The market is estimated to touch its pre-COVID levels by 2025, with a promising growth of >8.5% during 2023-2028.
Recent Market JVs and Acquisitions: High focus on inorganic growth to expand the customer base and geographical reach.
- 2013: Titanium Industries, Inc. acquired RTI’s wholly owned subsidiary, Pierce-Spafford Metals Company, Inc. (RTI Pierce Spafford).
- 2013 to 2023: Reliance Steel & Aluminum Co. acquired several small companies over the decade, further solidifying its position in the market.
Market Segments' Analysis
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Segmentations
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List of Sub-Segments
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Dominant and Fastest-Growing Segments
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Platform-Type Analysis
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Commercial Aircraft, Regional Aircraft, Helicopter, Military Aircraft, General Aviation, UAV, and Spacecraft
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In terms of platform types, commercial aircraft remained at the forefront.
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Application-Type Analysis
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Hydraulic & Instrumentation Lines, Fuel Lines, Cooling Lines, Bleed Lines, and Others
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In terms of applications, hydraulic & instrumentation lines held a clear dominance in the market.
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Material-Type Analysis
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Steel & Alloys, Titanium & Alloys, Nickel & Alloys, and Others
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Titanium & alloys and nickel and alloys are estimated to remain in the limelight.
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Product-Type Analysis
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Seamless Tubes and Welded Tubes
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In terms of product type, seamless tubes held a fair share of the market.
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Regional Analysis
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North America, Europe, Asia-Pacific, and The Rest of the World
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Coming to regional dynamics, North America remained the largest market for aerospace tube distribution.
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Based on the platform type, the market is segmented into commercial aircraft, regional aircraft, general aviation, military aircraft, helicopters, UAVs, and spacecraft. Commercial aircraft is expected to remain the market's largest and fastest-growing segment during the forecast period. Increasing demand for lightweight yet durable components and parts, the market entry of new players such as COMAC, rebounding aircraft deliveries, and the rapidly recovering aerospace industry 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 into hydraulic & instrumentation lines, fuel lines, cooling lines, bleed lines, and others. Hydraulic & instrumentation lines are expected to remain the most dominant application type in the market, whereas bleed lines are expected to grow at the fastest rate during the forecast period. Key areas of applications within the hydraulic & instrumentation lines are hydraulic flight control surfaces, servo actuator systems or torque tubes, hydraulic high-pressure pump systems, engine-driven pump actuator systems, 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 the B737 Max, decreased production rate of the B787 program, and rapid transmission of COVID-19. However, the region is likely to log 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 in Asia-Pacific to remain the major markets.
Key Players
The market is moderately consolidated with the presence of some major regional and global players. Most of the major players compete in some of the governing factors, including price, product offerings, regional presence, etc. The following are the key players in the aerospace tube distribution market:
- TW Metals
- VSMPO-Tirus
- A.M. Castle & Co.
- Future Metals
- Titanium Industries, Inc.
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. 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 market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate 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 1,000 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 15 detailed primary interviews with 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 market dynamics and will enable strategic decision-making for 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.
- COVID-19 impact and its recovery curve.
- 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, 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, 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, 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, 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, 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 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
