Aircraft Band Clamps Market Growth Analysis | 2022-2027

Market Highlights

The aircraft band clamps market was estimated to grow from US$ 120.7 Million in 2021 to US$ 246.4 Million in 2027 at a CAGR of 11.4% during the forecast period.

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What is an aircraft band clamp?

An aircraft band clamp is a band-shaped tool that consists of a wide metallic strap fabricated with different profiles to efficiently hold, secure, and join the connections of ducts, tubes, and pipes, in an engine, aerostructures, and other applications of the aircraft where strength, quick adjustment, flexibility, reliability, or customization is needed. They can be tied and tightened around the connections and can be adjusted according to different shapes and diameters.

COVID-19 Impact

The outbreak of COVID-19 had devasted the aircraft industry with a massive decline due to supply chain disruption, a halt in operations, and a dramatic drop in air passenger traffic. The mammoth decline in the aircraft industry has severely affected the entire supply chain of the industry. The aircraft band clamps market, also could not escape itself and experienced a colossal decline of (-35%+ in 2020) amid the pandemic.

The year 2021 has asserted some positive signs toward the recovery of the market, with the ease of government-imposed air travel restrictions. However, the glitches in B787 programs, further waves of the pandemic, and delays in market entry of COMAC C919 aircraft had dragged the market recovery. The long-term market outlook still seems propitious with ample growth opportunities for industry stakeholders propelled by the market entry of new aircraft programs.

There are 2 types of band clamps:

T-bolt band clamp and V-band clamp. In the T-band clamps, metallic straps are assembled with forged T-bolt and are widely used for holding ducts and hoses at high vibrations. The V-band clamps consist of a series of profiled segments fabricated on the outer metallic strap and are used to pull two circular flanges together. The band clamps are available with different closure mechanisms, such as quick coupler, bolted latch, and lever styles, to provide an easier way to remove clamps without having to undo the bolt or nut.

Market Drivers:

The market is driven by a host of factors, some of which are noted below:

• Growing commercial aircraft fleet and increasing demand for new aircraft deliveries.
• The lifting of the grounding of the 737 Max and the increase in new aircraft deliveries will contribute to driving the market.
• Upcoming aircraft programs like Boeing 777X, COMAC, Aerion AS2, and Bell V-280 Valor.
• The increasing demand for air travel has resulted in a rise in aircraft production and maintenance activities. This, in turn, has led to an increase in demand for aircraft clamps.

Segment Analysis

Aircraft Type

The market is segmented into commercial aircraft, regional aircraft, helicopters, military aircraft, and general aviation. The commercial segment occupied a market share of more than 55% in 2021 & is expected to be the fastest-growing aircraft type in the market during the forecast period driven by the expected rebounding of air passenger traffic, reapproval of B737 Max, and projected ramp-up in production rates of key aircraft programs.

Furthermore, both aerospace giants, Boeing and Airbus, are optimistic about the market recovery, in the long run, forecasting over 40,000 commercial and regional aircraft deliveries in the next twenty years, assuring a sustainable demand for band clamps in the coming years.

Application Type

The market is segmented into engines and others. The engine segment remains dominant in the market with more than 90% share in 2021 as it consists of maximum connections of ducts, tubes, and hoses which need to be connected intact to withstand intense temperatures and pressure.

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Band Material Type

The market is segmented as steel/stainless steel, aluminum, titanium, nickel alloys, and others. Steel & stainless steel accounted for a share of more than 50% in 2021, & are projected to remain dominant in the market during the forecast.

Owing to their various benefits over other materials, such as the ability to withstand extreme vibrations, shock, temperature, and pressure. Steel/stainless steel is also cost-effective as compared to titanium and nickel alloys.

Band clamp Type

The market is segmented into T-bolt band clamps and V-band clamps. The T-Bolt band clamp occupied a market share of more than 80% in 2021 & is expected to remain the most dominant clamp type during the forecast period.

They are used in a majority of functionalities in the engine and other aircraft applications to hold all types of ducts, tubes, and hoses. It is also cost-effective and inhibits several properties, strengthening the connectivity in extreme temperatures and pressure.

Regional Analysis

North America dominated the market with a share of more than 45% in 2021, and is expected to remain the largest region during the forecast period due to the presence of a large number of OEMs: such as Airbus, Boeing, and Lockheed Martin; tier players, and raw material suppliers in the region.

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The North American market is highly competitive with the presence of a large number of leading global players, such as TransDigm Inc., Eaton Corporation, Voss Industries Inc., and Caillau in the region.

Key Players

The supply chain of the market comprises raw material suppliers, tier players, distributors, aero-engine OEMs, aircraft OEMs, and airlines. Major manufacturers of band clamps have developed a high brand identity over a period by fulfilling the emerging demands of the aircraft OEMs and other end users by maintaining the quality and standards of the products. Hence, major players have developed a strong foothold in the market, which is acting as a barrier to new entrants up to an extent.

The following are some of the key players in the market:

• TransDigm Group Inc. (AdelWiggins and TA Aerospace)
• Teconnex Ltd
• Voss Industries Inc. (A CAM Company)
• Eaton Corporation
• Caillau
• Ho-Ho Kus. Inc
• J&M Products, Inc.
• National Utilities Co./NUCO
• Pacmet Aerospace

Research Methodology

This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s market realities and future market possibilities for the forecast period of 2022 to 2027.

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 most comprehensively. 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.

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