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    Aerospace Tube Materials Market Report

    Aerospace Tube Materials Market Report
    Report code - SRAD294 Published On : Mar,2020 No. of Pages: 225
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    Aerospace Tube Materials Market Size, Share, Trend, Forecast, & Competitive Analy See more...

    Impact of COVID-19 on Aerospace Tube Materials Market

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

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    Impact of COVID-19 on Aerospace Tube Materials Market

    Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues has gone down in 2020 and may resume an uptrend gradually form 2021. Companies optimizing their operation and statergy 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 Tube Materials Market Insights

    Tube materials currently represent only 1.2% of the total aerospace raw materials market and are estimated to grow at a higher pace (4.2% CAGR (tube materials) vs 3.1% CAGR (raw materials), volume basis) over the next five years. The aerospace tube materials market is expected to witness a lucrative CAGR of 5.2% during the forecast period of 2020-2025 to reach an estimated value of US$ 197.1 million in 2025. Most of the factors negatively affecting the aerospace raw materials market, such as grounding of B737 Max, P&W 1100G engine series failure (A320neo), and multiple in-flight incidents in PW1500G and PW1900G on Swiss 220s, are also negatively imprinting the demand for tube materials in the aerospace industry.

    However, the long-term outlook of the aerospace tube materials market still seems vigorous with attractive growth opportunities over the next five years. Several factors will directly or indirectly be bolstering the demand tubes, which, in turn, will drive the demand for tube materials in the aerospace industry. Some of the major ones are expected increase in commercial and regional aircraft production, increasing demand for lightweight and durable fluid conveyance systems, increasing penetration of composites in newer variants of aircraft, increasing use of titanium alloys and powders, increasing production of LEAP engines, and aging aircraft fleet size.

    Tubes are the major components used in the fluid conveyance and engine sections, wherein high-temperature resistance with excellent corrosion resistance is critically required. The selection of material is dependent on several parameters including temperature resistance, lightweight property, durability, engine type, and section of the engine where tubes are used. Steel & alloys, titanium & alloys and nickel & alloys are the three major materials used by the tube manufacturers. Titanium & alloys are gaining traction in the market driven by their enormous advantages over others.

    The market for aerospace tube materials is gradually consolidating as major companies are performing mergers & acquisitions to quickly gain the leading position and to tap growing opportunities in this briskly expanding market. For instance; AMETEK, Inc., a leading global supplier of tubes for a wide range of industries, acquired Global Tubes and FMH Aerospace. After the acquisition, AMETEK, Inc. successfully leaped ahead in the market with added capabilities and expansion of product portfolio.

     

    Aerospace Tube Materials Market Share Analysis

    Aerospace-Tube-Materials-Market-Dominant-Segments

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    Aerospace Tube Materials Market Share by Platform Type

    Based on the platform type, the market is segmented as commercial aircraft, regional aircraft, general aviation, military aircraft, helicopter, and spacecraft. Commercial aircraft is expected to remain the largest and the fastest-growing segment of the market during the forecast period. Increasing demand for lightweight yet durable materials in fabricating different components and parts; market entry of new players, such as COMAC and Irkut; introduction of variants of existing best-selling aircraft programs, such as B737 Max, A320neo, and B777X; and rising commercial and regional aircraft deliveries across regions are the key factors propelling the demand for tube materials in the commercial aircraft segment.

    Aerospace Tube Materials Market Share by Material Type

    Based on the material type, the market is segmented as titanium & alloys, nickel & alloys, steel & alloys, and others. In terms of value, steel & alloys are expected to remain the largest segment of the market during the forecast period. Steel & alloys offer various advantages, such as high strength and excellent corrosion resistance, at a lower cost which make them the preferred material for a wide array of applications in the aerospace industry including hydraulic tubes.

    Regional Insights

    In terms of regions, North America is expected to remain the largest market for aerospace tube materials during the forecast period. The USA is the growth engine of the region’s market with the presence of major aircraft OEMs, tier players, raw material suppliers, and part fabricators. Most of the tube material suppliers have their presence in the region to address the emergent needs of the OEMs for their upcoming aircraft programs or upcoming fuel-efficient variants of existing aircraft programs.

    Aerospace-Tube-Materials-Market-By-Region

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    Asia-Pacific is likely to witness the highest growth during the same 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 multiple aircraft programs; increasing procurement of military aircraft, owing to rising defense budget; and upcoming indigenous commercial and regional aircraft (C919 and Mitsubishi SuperJet)

    Key Players

    The supply chain of this market comprises several nodes including raw material suppliers, intermediate product manufacturers, aerospace component manufacturers, aircraft and engine OEMs, airlines, aircraft leasing companies, and MRO companies.

    Key players in the Aerospace Tube Materials Market are-

    • AMETEK, Inc.
    • Plymouth Tube Co.
    • Sandvik SE
    • Carpenter Technology Corporation
    • Special Metals Corporation
    • VSMPO-AVISMA Corporation
    • Villares Steel
    • Kobe Steel Ltd.
    • Allegheny Technologies, Inc.
    • TIMET (Berkshire Hathaway Inc.).

    Development of lightweight advanced materials for tubes and other 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

    2014-2025

    Forecast

    5.2% CAGR During 2020-2025

    Regions Covered

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

    Countries Covered

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

    Figures & Tables

    >150

    Customization

    Up to 10% customization available free of cost

     

    The Aerospace Tube Materials Market is segmented into the following categories: 

    Aerospace Tube Materials 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)
    • Military Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Helicopter (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Spacecraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Aerospace Tube Materials Market Size, Share & Forecast, by Material Type

    • Titanium & Alloys (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Nickel & Alloys (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Steel & Alloys (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Aerospace Tube Materials Market Size, Share & Forecast, by Sales Channel Type

    • Direct Sales (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Distributor Sales (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Aerospace Tube Materials 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: Japan, China, India, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

    Aerospace-Tube-Materials-Market-Segmentation

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    Report Features

    This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s aerospace tube materials market realities and future market possibilities for the forecast period of 2020 to 2025. After a continuous interest in our aerospace hoses and tube assemblies market report from the industry stakeholders, we have tried to further accentuate our research scope to the aerospace tube materials market. 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 low-hanging fruits available in the market 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 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 at [email protected]

    Frequently Asked Questions (FAQs)

    The aerospace tube materials market is expected to witness an impressive growth of 5.2% CAGR in the foreseeable future.

    AMETEK, Inc.; Plymouth Tube Co.; Sandvik SE; Carpenter Technology Corporation; Special Metals Corporation; VSMPO-AVISMA Corporation; Villares Steel; Kobe Steel Ltd.; Allegheny Technologies, Inc.; and TIMET (Berkshire Hathaway Inc.). are among the key players in the aerospace tube materials market.

    North America is expected to remain the largest aerospace tube materials market during the forecast period of 2020-2025.

    Steel & alloys are expected to remain dominant material type in the aerospace tube materials market in the coming five years.

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