Aerospace Hose Assemblies Market | Strategic Assessment and Competitive Analysis

Q: Who are the key players in the market

Eaton Corporation Smiths Group Plc Parker Hannifin Corporation Hutchinson PFW Aerospace ITT Inc Safran SA and Flexfab LLC are the leading players in the aerospace hose assemblies market

Q: Which region is estimated to grow at the fastest pace in the market in the coming years

Asia Pacific is estimated to remain the fastest growing market for aerospace hose assemblies in the foreseeable future propelled by Chinas and Indias continuous developments and ardent efforts to develop an excellent supply chain for the aerospace industry

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Report Summary

Table of contents

Market Highlights

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. The long-term outlook seems promising with the 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 in 2028. 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.

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.

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.

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.

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.

In terms of regions, North America is expected to remain the largest market for aerospace hose assemblies during the forecast period. 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.

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

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.

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.
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 hose assemblies market is segmented into the following categories.

Aerospace Hose Assemblies Market, by Aircraft 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)
Helicopter (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Military Aircraft (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 Hose Assemblies Market, by Material Type

Teflon (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Rubber (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Aerospace Hose Assemblies Market, by Braid Type

Two-Layered Hose (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Single-Layered Hose (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Aerospace Hose Assemblies Market, by Pressure Type

Low-Pressure Hose Assemblies (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
High-Pressure Hose Assemblies (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Aerospace Hose Assemblies Market, by Application Type

Fuel System (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Hydraulic System (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Instrumentation (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Aerospace Hose 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 the 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 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)

What would be the growth of the market in the coming five years?

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.

Who are the key players in the market?

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.

Which region is estimated to be dominant in the market in the coming years?

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.

Which region is estimated to grow at the fastest pace in the market in the coming years?

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.

Which application is estimated to be dominant in the market in the coming years?

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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Aerospace Hose Assemblies Market Report