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    Aerospace Hose And Tube Assemblies Market | Covid-19 Impact Analysis

    Aerospace Hose And Tube Assemblies Market | Covid-19 Impact Analysis

    Aerospace Hose And Tube Assemblies Market | Covid-19 Impact Analysis
    Report code - SRAD202 Published On : Apr,2019 No. of Pages: 270
    Aerospace Hose and Tube Assemblies Market Size, Share, Trend, Forecast, & Competitive See more...
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    Impact of COVID-19 on Aerospace Hose And Tube Assemblies Market

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

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    Impact of COVID-19 on Aerospace Hose And Tube Assemblies Market

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

    Aerospace Hose and Tube Assemblies Market Insights

    The market for hose and tube assemblies in the aerospace industry will continue to witness promising growth over the next five years to reach an estimated value of US$ 1.5 billion in 2024. Several factors are directly or indirectly bolstering the demand for hose and tube assemblies in the aerospace industry in which some of the major ones are organic growth of the aircraft industry and increasing demands for lightweight and durable fluid conveyance systems.

    Boeing anticipated that there would be total deliveries of 42,730 commercial and regional aircraft worth of US$ 6.3 trillion in the global marketplace during 2018-2037. Asia-Pacific and Europe would be the biggest demand generators with a combined share of 62.5% of the total aircraft deliveries during 2018-2037. An expected healthy CAGR of 4.7% in air passenger traffic during 2018-2037 will chiefly drive the demand for the aircraft. This factor will create sustainable demand for hose and tube assemblies in the aerospace industry.

    Another factor adding flavor to the the market dynamics is the gradual consolidation. Major players are acquiring small players to tap the potential of this highly growing market. Some of the prominent mergers & acquisitions that took place in the market include the acquisition of Polimer Kauçuk Sanayi ve Pazarlama A.S., a Turkish manufacturer of hydraulic and industrial hose, by Eaton Corporation; acquisition of Global Tubes and FMH Aerospace Corporation by Ametek, Inc., and acquisition of Zodiac Aerospace by Safran S.A.

    Aerospace Hose & Tube Assemblies Market Forecast

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    Aerospace Hose and Tube Assemblies Market Share Analysis

    Aerospace Hose and Tube Assemblies Market Share by Platform Type

    Based on the platform type, the market is segmented into commercial aircraft, military aircraft, regional aircraft, general aviation, helicopter, and others. Commercial aircraft is likely to remain the growth engine of the market during the forecast period. Today, the deliveries of commercial aircraft are at peak and have not witnessed a decline in the past seven years. Stratview estimates and OEMs’ announcements suggest that the production of aircraft will continue to increase as both Boeing and Airbus are enjoying a huge pile of order backlogs and have been increasing the production rates of their key programs (B737, B787, A320, and A350XWB). They are also developing fuel-efficient aircraft platforms (A320neo, B737 Max, B777x, and A330neo) to address the grave concern of airlines. Apart from these above-mentioned factors, market entry of COMAC and Irkut in the commercial aircraft segment further increases the potential of hoses and tubes in the commercial aircraft segment.

    Aerospace Hose and Tube Assemblies Market Share by Product Type

    Based on the product type, the market is segmented into hoses and tubes. Hoses are further bifurcated based on the material type into PTFE hoses (Teflon), rubber hoses, and others. Similarly, tubes are classified based on the material type into stainless steel tubes, Inconel tubes, titanium tubes, and others. PTFE hoses are expected to maintain its dominance in the aerospace hose assemblies market, whereas titanium tubes are likely to witness the highest growth in aerospace tube assemblies market.

    Aerospace Hose and Tube Assemblies Market Share by Application Type

    Based on the application type, the market is segmented into fuel system, hydraulic system, instrumentation, and others. Fuel system is estimated to remain the largest and the fastest-growing application segment for hose and tube assemblies in the aerospace industry over the next five years. Hoses and tubes in an aircraft fuel system deliver fuel to the propulsion system and auxiliary power unit. Fuel lines are required to be securely attached to aircraft with the clamp; thus, usually, metal tubes are used for it. In case where flexibility is required, rubber or PTFE hoses are used.

    Regional Insights

    In terms of regions, North America is expected to remain the largest market for aerospace hose and 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, hose and tube suppliers, and airlines. All the major hose and tube assemblies’ 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.

    Aerospace Tube & Hose Assemblies Market Forecast

    Europe is likely to remain the second-largest market for aerospace hose and tube assemblies during the forecast period. Commercial aircraft is the growth engine of the European market for aerospace hose and tube assemblies, largely driven by the A320 and A350 XWB aircraft programs. Airbus has a massive plan to raise the production rate of its A320 family aircraft including neo variants, Airbus reported that the A320 programme is on track to achieve production rate 60 per month for the A320 Family by mid-2019.

    Asia-Pacific is expected to experience the highest growth in the global market during the forecast period. The highest growth of Asia-Pacific is mainly attributable to the increasing aircraft fleet to support rising passenger traffic; opening of assembly plants of Boeing and Airbus for B737, A320, and A330 aircraft programs; increasing procurement of military aircraft, owing to rising defense budget; and upcoming indigenous commercial and regional aircraft (C919 and MRJ).

    Key Players

    The supply chain of this market comprises raw material suppliers, aerospace hose and tube manufacturers, tier players, aircraft OEMs, airlines, and aircraft leasing companies. Key players in the market are Eaton Corporation, Parker Hannifin Corporation, Smiths Group plc, PFW Aerospace, Leggett & Platt, Inc., Ametek, Inc., ITT Inc., Unison Industries, Stelia Aerospace, Safran S.A., Flexfab, LLC, and Steico Industries Inc. Development of lightweight hoses and tubes for critical applications, expansion in untapped and growing markets, and execution of mergers & acquisitions are the key strategies adopted by the major players to gain a competitive edge in the market.

     

    Research Methodology

    For calculating the market size, our analysts follow either Top-Bottom or Bottom-Top approach or both, depending upon the complexity or availability of the data points. Our reports offer high-quality insights and are the outcome of 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. We leverage multitude of authenticated secondary sources, such as company annual reports, government sources, trade associations, journals, investor presentation, white papers, and articles to gather the data. More than 10 detailed primary interviews with the market players across the value chain in all four regions and industry experts are usually executed to obtain both qualitative and quantitative insights.

     

    Market Scope & Segmentation

    Research Scope

    Trend & Forecast Period

    2013-2024

    Size in 2024

    US$ 1.5 billion

    Forecast

    4.9% CAGR during 2019-2024

    Regions Covered

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

    Countries/Subregions Covered

    The USA, Canada, Mexico, Germany, France, The UK, Russia, China, Japan, India, Latin America, the Middle East and Others

    Figures & Tables

    >150

    Customization

    Up to 10% customization available free of cost

     

    The market is segmented in the following ways:

    Aerospace Hose and Tube Assemblies Market Size, Share & Forecast 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)
    • Helicopter (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Military Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Aerospace Hose and Tube Assemblies Market Size, Share & Forecast by Type:

    • Aerospace Hoses
      • Regional Analysis: North America, Europe, Asia-Pacific, and RoW
      • Material Analysis: Polytetrafluoroethylene (PTFE), Rubber, and Others
      • Braided Type: Single layer, Two Layer, and Others
    • Aerospace Tubes
      • Regional Analysis: North America, Europe, Asia-Pacific, and RoW
      • Material Analysis: Stainless Steel, Inconel, Titanium, and Others

    Aerospace Hose and Tube Assemblies Market Size, Share & Forecast by Pressure Type:

    • Low & Medium Pressure (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • High Pressure (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Aerospace Hose and Tube Assemblies Market Size, Share & Forecast 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 and Tube Assemblies Market Size, Share & Forecast 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: China, Japan, India, and Rest of Asia-Pacific)
    • Rest of the World (Country Analysis: Latin America, Middle East, and Others)

     

    Report Features

    This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s aerospace hose and tube assemblies market realities and future possibilities for the forecast period of 2019 to 2024. After a contiuous interest on our aerospace fluid conveyance market report from the industry stakeholders, we have tried to further narrowed down our research scope to hoses and tubes in order to provide the most crystal clear picture of the market, as these products are crucial members of fluid conveyance family. The report segments and analyzes the market in the most detailed and comprehensive manner to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for market participant as well as investors in the identification of low-hanging fruits available as well as formulate growth strategies.

    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, product launches, etc.
    • Attractive market segments and associated growth opportunities.
    • Emerging trends.
    • Strategic growth opportunities for the existing and new players.
    • Key success factors.

     

    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 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation of any one of the component types by application type.

    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 at [email protected]


    Frequently Asked Questions (FAQs)

    What is aerospace hose & tube assemblies?

    Hose and tube assemblies in the aerospace industry serve the purpose of a conduit through which fluid is conveyed. Tubes are used in stationary application; where long and relatively straight runs are possible. They are widely used in the aerospace industry for fuel, oil, coolant, oxygen, instrument, and hydraulic lines. Similarly, 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, tubes are usually rigid fluid lines made of materials, such as stainless steel, Inconel, titanium, copper, and aluminum. On the other hand, hoses are flexible fluid lines usually made of rubber (EPDM, neoprene, etc.) and Polytetrafluoroethylene (PTFE).

    What will be the size of the Aerospace Hose and Tube Assemblies Market in the foreseeable years?

    Driven by a number of factors like increasing deliveries of commercial aircraft, the aerospace hose and tube assemblies market is projected to reach an estimated value of US$ 1.5 billion in 2024.

    Who are the key players in the Aerospace Hose and Tube Assemblies Market?

    Eaton Corporation, Parker Hannifin Corporation, Smiths Group plc, PFW Aerospace, Leggett & Platt, Inc., Ametek, Inc., ITT Inc., Unison Industries, Stelia Aerospace, Safran S.A., Flexfab, LLC, and Steico Industries Inc. are among the key players in the aerospace hose and tube assemblies market.

    Which country/region is expected to remain the largest Aerospace Hose and Tube Market?

    North America is expected to remain the largest market for aerospace hose and tube assemblies during the forecast period of 2019-2024.

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