Aerospace Tube Assemblies Market Report

Market Highlights

"The global aerospace tube assemblies market is estimated to grow at a healthy rate of 8.1% to reach US$ 875 million by 2028."

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Tubes are the major components used in the fluid conveyance and engine sections, wherein high-temperature resistance with excellent corrosion resistance is critically required. The selection of material is dependent on several parameters including temperature resistance, lightweight, durability, strength, etc. Steel & alloys, titanium & alloys, and nickel & alloys are the three major materials used by tube manufacturers. Titanium & alloys are gaining traction in the market driven by their enormous advantages over others. The supply chain of tubes is quite an interesting one with the presence of distinct players at the tube manufacturing level and at the tube assembly level.

The thriving aerospace industry was hit with multiple obstacles in the past few years, starting with the B737Max grounding in 2019, followed by the merciless pandemic in 2020. The pandemic hit the industry hard, causing unimaginable disruption and losses for the stakeholders. The aerospace tube assembly market couldn’t escape the wrath of the pandemic and endured a grave downturn of more than 37% in 2020, dragging the market back by almost half a decade (a stark contrast to our pre-COVID estimates).

The market registered another huge plunge in 2021, mainly due to the prolonged impact of the pandemic paired with the B787 grounding. Despite several challenges including supply chain disruption, the Russo-Ukrainian war, etc., the year 2022 proved to be a promising year for the market participants. All the major leading aircraft manufacturers, such as Boeing and Airbus, have registered a drastic increase in production rates in the year 2022. Even, 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, ultimately aiming to recover the market by 2024.

Segment Analysis

Platform Trends

"Commercial aircraft segment accounted for the largest market share."

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 the 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.

Application Trends

"Hydraulic & Instrumentation Lines segment accounted for the largest market share."

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.

Regional Insights

"North America accounted for the largest market share."

North America is expected to remain the largest market for aerospace tube assemblies during the forecast period. 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.

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.

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Key Players

The following are the key players in the aerospace tube assemblies market:

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

Note: The above list does not necessarily include all the top players in the market.

Are you the leading player in this market? We would love to include your name. Write to us at sales@stratviewresearch.com

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:

What deliverables will you get in this report?

The aerospace tube assemblies market is segmented into the following categories-

By Platform Type

• Commercial Aircraft
• Regional Aircraft
• General Aviation
• Military Aircraft
• Helicopter
• UAV
• Spacecraft

By Material Type

• Steel & Alloys
• Titanium & Alloys
• Nickel & Alloys
• Others

By Application Type

• Hydraulic & Instrumentation Lines
• Fuel Lines
• Cooling Lines
• Bleed Lines
• Others

By Sales Channel Type

• Direct Sales
• Indirect Sales

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, Saudi Arabia, and Others)

Research Methodology

This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s aerospace tube assemblies market realities and future market possibilities for the forecast period of 2023 to 2028. 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 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.

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