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    Aerospace Tube Assemblies Market Report

    Aerospace Tube Assemblies Market Report
    Report code - SR1533 Published On : Dec,2021 No. of Pages: 145
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    Aerospace Tube Assemblies Market Size, Share, Trend, Forecast, Competitive Analysis, and G See more...

    Impact of COVID-19 on Aerospace Tube Assemblies Market

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

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    Impact of COVID-19 on Aerospace Tube Assemblies 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

    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 the 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 28% in 2020, dragging the market back by almost half a decade (a stark contrast to our pre-COVID estimates).

    That being said, the long-term outlook still seems hopeful owing to the highly resilient nature of the aerospace industry. The lift of Boeing’s B737Max in October 2020, gradual opening up of travel restrictions, rebounding aircraft deliveries, and Airbus’ significantly healed revenue are among the few key factors signaling towards the industry’s take off to a healthy recuperation, helping the market stakeholders to recoup at a healthy rate of 7.8% to reach US$ 1.4 Billion by 2026.

    Market Segments' Analysis

    Based on the platform type, the aerospace tube assemblies market is segmented as commercial aircraft, regional aircraft, general aviation, military aircraft, helicopter, UAV, 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 ungrounding of B737Max.

    Based on the application type, the market is segmented as hydraulic & instrumentation lines, fuel lines, cooling lines, bleed lines, and others. Hydraulic & instrumentation line is 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.

    In terms of regions, 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 partner 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 rising defense budget; and upcoming indigenous aircraft, C919.

    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

    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 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 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 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 assemblies market is segmented into the following categories. 

    Aerospace Tube Assemblies 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 Assemblies 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 Assemblies 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)
    • Cooling Lines (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Bleed Lines (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Aerospace Tube Assemblies Market, by Sales Channel Type

    • Direct Sales (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Indirect Sales (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Aerospace Tube Assemblies 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, Saudi Arabia, 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 assemblies market is estimated to grow at a healthy CAGR of 7.8% during 2021-2026.

    Eaton Corporation, Senior Plc, PFW Aerospace GmbH (Hutchinson), Arrowhead Products, Triumph Group, Zodiac Aerospace (Safran SA), and Unison Industries are the leading players in the aerospace tube assemblies market.

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

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