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    Aerospace Hose Assemblies Market Report

    Aerospace Hose Assemblies Market Report
    Report code - SR1542 Published On : Mar,2023 No. of Pages: 148
    Aerospace Hose Assemblies Market Size, Share, Trend, Forecast, Competitive Analysis, and G See more...

    Market Highlights

    "The global aerospace hose assemblies market is estimated to grow at a healthy CAGR of 8.5% during the forecast period to reach a value of US$ 978 million by 2028."

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    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 outbreak of the COVID-19 pandemic shook the aerospace industry due to a drop in the production rate of key aircraft programs, cancellations of orders, a drop in revenue passenger kilometers, and supply chain disruptions. As a result, the industry recorded a massive decline in the year 2020 across regions. The impact of this has been recorded across the supply chain, including the demand for hose assemblies. The global aerospace hose assemblies market witnessed a colossal decline of -37% in 2020 amid the pandemic.

    The market started rebounding from the disruption brought by the COVID pandemic with the economic recovery, gradual increase in RPKs, and earlier retirement of old aircraft. Major factors, such as the expected rise in the production rate of key aircraft programs, market entry of upcoming aircraft programs, increasing demand for high-pressure hoses, and huge order backlogs of commercial aircraft, are driving the growth of the aerospace hose assemblies market.

    Recent Market JVs and Acquisitions:

    • In 2018, Safran S.A. acquired Zodiac Aerospace to expand its market position in the aerospace industry.
    • In 2022, Parker-Hannifin Corporation acquired Meggitt plc, a leading provider of components and sub-systems for the aerospace & defense market.

    Segments' Analysis

    Segmentations

    List of Sub-Segments

    Dominant and Fastest-Growing Segments

    Aircraft-Type Analysis

    Commercial Aircraft, Regional Aircraft, General Aviation, Helicopter, Military Aircraft, UAVs, and Spacecraft

    Commercial aircraft is anticipated to remain the biggest demand generator for hose assemblies in the years to come.

    Material-Type Analysis

    Teflon, Rubber, and Others

    Teflon is likely to maintain its dominance in the aerospace hose assembly market during the forecast period.

    Braid-Type Analysis

    Two-Layered Hose, Single-Layered Hose, and Others

    The two-layered hose is expected to be the largest segment by braid type during the forecast period.

    Pressure-Type Analysis

    Low Pressure and High Pressure

    Low-pressure hose is expected to maintain its dominance during the forecast period

    Application-Type Analysis

    Fuel System, Hydraulic System, Instrumentation, and Others

    Hydraulic system is expected to be the fastest-growing segment by application type during the forecast period.

    Regional Analysis

    North America, Europe, Asia-Pacific, and Rest of the World

    North America is expected to remain the largest market over the next five years, whereas Asia-Pacific is likely to grow at the fastest rate.

     

    Aircraft Trends

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

    Based on the aircraft type, the aerospace hose assemblies market is segmented into commercial aircraft, regional aircraft, general aviation, helicopter, military aircraft, UAV, and spacecraft. Commercial aircraft is expected to remain the largest as well as the fastest-growing aircraft type in the market during the forecast period. Major factors, such as an expected increase in production rates of the best-selling aircraft programs; expected market entry of new players, such as COMAC and Irkut; introduction of variants of existing best-selling aircraft programs, such as B777X; and rebounding commercial and regional aircraft deliveries across regions, are the key factors propelling the demand for hose assemblies in the commercial aircraft segment. 

    Material Trends

    "The Teflon segment accounted for the largest market share."

    Based on the material type, the market is segmented into teflon, rubber, and others. Teflon is expected to remain the dominant as well as the fastest-growing material type in the market during the forecast period. Teflon hose is gaining traction as it offers many advantages when compared to rubber hoses, such as better shelf-life, higher fluid flow velocity, good vibration-dampening characteristics, ease of installation, and less cycle fatigue.

    Application Trends

    Based on the application type, the market is segmented into fuel systems, hydraulic systems, instrumentation, and others. Hydraulic system is expected to witness the highest growth in the market during the forecast period. Hoses are used in hydraulic systems to move and actuate landing gear, flaps, and brakes.

    Regional Insights

    "North America accounted for the largest market share."

    In terms of regions, North America is expected to remain the largest market for aerospace hose assemblies, and it held a revenue share of more than 45% in 2022. This region has a presence of leading hose manufacturers, such as Parker-Hannifin Corporation, ITT Inc., and Flexfab LLC. In addition to that, the presence of key OEMs, such as Boeing, Lockheed Martin, Gulfstream, and Textron, in the region will fuel the demand for hose assemblies.

    Asia-Pacific is expected to witness the highest growth rate during the same period due to major factors such as increasing demand for commercial aircraft to support rising passenger traffic, the opening of assembly plants of Boeing and Airbus in China, the expected launch of COMAC C919, and rising aircraft fleet size. 

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    Key Players

    The market is less populated with the presence of a handful of major 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 hose assemblies market.

    • Eaton Corporation
    • Smiths Group Plc
    • Parker-Hannifin Corporation
    • Hutchinson (PFW Aerospace)
    • ITT Inc.
    • Safran S.A. (Zodiac Aerospace)
    • Flexfab, LLC

    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.

    What deliverables will you get in this report?

    Key questions this report answers

    Relevant contents in the report

    How big is the sales opportunity?

    In-depth analysis of the Aerospace Hose Assemblies Market

    How lucrative is the future?

    Market forecast and trend data and emerging trends

    Which regions offer the best sales opportunities?

    Global, regional and country level historical data and forecasts

    Which are the most attractive market segments?

    Market segment analysis and forecast

    Which are the top players and their market positioning?

    Competitive landscape analysis, Market share analysis

    How complex is the business environment?

    Porter’s five forces analysis, PEST analysis, Life cycle analysis

    What are the factors affecting the market?

    Drivers & challenges

    Will I get the information on my specific requirement?

    10% free customization

     

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

    By Aircraft Type

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

    By Material Type

    • Teflon
    • Rubber
    • Others

    By Braid Type

    • Two-Layered Hose
    • Single-Layered Hose
    • Others

    By Pressure Type

    • Low-Pressure Hose Assemblies
    • High-Pressure Hose Assemblies

    By Application Type

    • Fuel System
    • Hydraulic System
    • Instrumentation
    • Others

    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 the 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 hose assemblies 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 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 20 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.

    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

     

    Frequently Asked Questions (FAQs)

    The aerospace hose assemblies market is estimated to grow at a CAGR of 8.5% by 2028, driven by an expected rise in the production rate of key programs, entry of programs (B777x, C919, and MC-21), and expected rise in the aircraft fleet size.

    Eaton Corporation, Smiths Group Plc, Parker-Hannifin Corporation, Hutchinson (PFW Aerospace), ITT Inc., Safran S.A., and Flexfab, LLC are the leading players in the aerospace hose assemblies market.

    North America is estimated to remain dominant in the aerospace hose assemblies market in the foreseeable future. North America is the aerospace manufacturing hub, with the presence of key OEMs as well as the presence of major hose manufacturers.

    Asia-Pacific is estimated to remain the fastest-growing market for aerospace hose assemblies in the foreseeable future, propelled by China's and India's continuous developments and ardent efforts to develop an excellent supply chain for the aerospace industry.

    The fuel system segment is estimated to maintain its huge dominance in the market during the forecast period, driven by a wide range of applications of hose assemblies in fuel systems.

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