Aerospace Hose Assemblies Market Report
Aerospace Hose Assemblies Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2021-2026 See less
Aerospace Hose Assemblies Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2021-2026
Aerospace Hose Assemblies Market is Segmented by Platform Type (Commercial Aircraft, Regional Aircraft, General Aviation, Military Aircraft, Helicopter, UAV, and Spacecraft), by Braid Type (Two-Layered, Single-Layered, and Others), by Material Type (Teflon, Rubber, and Others), by Pressure Type (High-Pressure and Low-Pressure), by Application Type (Fuel System, Hydraulic System, Instrumentation, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
Aerospace Hose Assemblies Market is Segmented by Platform Type (Commercial Aircraft, Regional Aircraft, General Aviation, Military Aircraft, Helicopter, UAV, and Spacecraft), by Braid Type (Two-Layered, Single-Layered, and Others), by...
Hose assemblies serve the purpose of a conduit through which fluid is conveyed. Hoses are used to connect moving parts with stationary parts, where they are subject to considerable vibration or where a great amount of flexibility is required. In the aerospace industry, hoses are flexible fluid lines usually made-up of rubber (EPDM, neoprene, etc.) and polytetrafluoroethylene (PTFE).
The sudden onset of the pandemic hit the flourishing aerospace industry like a storm, bringing in unsought changes in the business. The aerospace hose assemblies market also felt the tremor of the pandemic’s wrath and took a nosedive of more than 27% YoY in 2020 (a striking difference from our pre-COVID estimates which suggested a healthy and rapid recovery from the B737 Max grounding).
Nevertheless, the industry is on its way to healing which is quite apparent in recent events. The aerospace giants, Airbus and Boeing’s recouping revenues, climbing production rates of key aircraft programs, and easing up of traveling restrictions are some of the key factors indicating the commencement of regaining normalcy. The aerospace hose assemblies market is likely to reflect the same, with a promising CAGR of 8.1% during 2021-2026 to reach US$ 0.9 billion by 2026.
Based on the material type, the market is segmented as teflon, rubber, and others. Teflon held an unquestionable dominance in the market in 2020 and is expected to maintain its lead by 2026. PTFE or Teflon offers a wide range of advantages such as good vibration dampening characteristics, an unlimited shelf life, ease of installation, and less cycle fatigue, making it the material of choice for hose manufacturing.
Based on the application type, we have segmented the market as fuel systems, hydraulic systems, instrumentation tubing, and others. Fuel system is estimated to remain the biggest demand generator for hose assemblies, whereas, hydraulic system is expected to be the fastest-growing application segment over the next five years. Hydraulic system includes large subsystems and components, such as primary and secondary flight control actuators, engine-driven pumps, electric motor pumps, and power transfer units, which deploy hoses for efficient functioning.
In terms of regions, North America is expected to remain the largest market for aerospace hose 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, hose suppliers, and airlines. All the major hose suppliers have their presence in the region to address the emergent needs of the OEMs in order to be the partner for their upcoming aircraft programs or upcoming fuel-efficient variants of existing aircraft programs.
The following are the key players in the aerospace hose assemblies market.
This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s aerospace hose 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.
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 hose assemblies market is segmented into the following categories.
Aerospace Hose Assemblies Market, by Platform Type
Aerospace Hose Assemblies Market, by Braid Type
Aerospace Hose Assemblies Market, by Material Type
Aerospace Hose Assemblies Market, by Pressure Type
Aerospace Hose Assemblies Market, by Application Type
Aerospace Hose Assemblies Market, by Region
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The aerospace hose assemblies market is estimated to grow at a CAGR of 8.1% by 2026.
Eaton Corporation, Parker-Hannifin Corporation, Smiths Group plc, PFW Aerospace GmbH, Leggett & Platt, Inc., Ametek, Inc., ITT Inc., Unison Industries, Stelia Aerospace, Safran S.A., Flexfab, LLC, and Steico Industries Inc. are the key players in the aerospace hose assemblies market.
North America is estimated to remain dominant in the aerospace hose assemblies market in the foreseen future.
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