Aerospace Hose and Tube Assemblies Market is Forecast to Reach US$ 1.9 Billion in 2028, Says Stratview Research
The Aerospace Hose and Tube Assemblies Market is likely to rise at a CAGR of 8.3% during 2023-2028, to reach US$ 1.9 billion in 2028, states Stratview Research.
DETROIT, Dec. 21, 2023 /PRNewswire/ — Stratview Research, a global market research firm has launched a report on the global Aerospace Hose and Tube Assemblies Market which provides a comprehensive analysis of the global and regional industry forecast, current & emerging trends, segment analysis, and competitive landscape.
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Report Highlights
Market Size in 2028 | USD 1.9 billion |
Growth (CAGR) | 8.3% during 2023-2028 |
Forecast Period | 2023-2028 |
Trend Period | 2017-2021 |
Base Year | 2022 |
Number of Segments Covered | 6 |
Number of Tables & Graphs | 70+ |
Country-Level Market Assessment | 20 |
Segment Insights on Aerospace Hose and Tube Assemblies Market
The global Aerospace Hose and Tube Assemblies Market is segmented based on Platform Type, Product Type, Material Type, Pressure Type, Application Type, and Region.
Based on product type – The market is segmented into hose assemblies and tube assemblies. Tube assemblies are further segmented into steel & alloys, titanium & alloys, nickel & alloys, and others, whereas hose assemblies are into Teflon, rubber, and others. Overall, tube assemblies held a share of more than >60% of the market in 2022 and are expected to maintain their leads by 2028. Tubes are used in stationary applications, where long and relatively straight runs are possible. They are widely used for fuel, oil, coolant, oxygen, instruments, and hydraulic lines. Titanium & alloys dominated the tube assemblies market, whereas Teflon took the lead in the hose assemblies market. Titanium tubes are used in high-pressure areas as they can endure pressure ranging from 0-4000 psi.
Based on the application type – We have segmented the market as fuel conveyance, air conveyance, hydraulic conveyance, and others. Hydraulic conveyance held a share of >35% of the market in 2022 and is estimated to remain the largest and fastest-growing application segment over the next five years. Commonly used materials in hydraulic tubing include aluminum (typically 6061T6), corrosion-resistant steel (CRES alloys, such as 300 series and more robust materials, such as 21-6-9), and titanium (such as 3AI-2.5V).
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Which Region Offers the Best Opportunity and Growth?
The report suggests that North America held a share of more than 45% of the market in 2022 and is expected to remain the largest market for aerospace hose and tube assemblies during the forecast period. This growth is majorly attributed to the following –
- 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 assembly suppliers have their presence in the region to address the emergent needs of the OEMs to be the partners for their upcoming aircraft programs or upcoming fuel-efficient variants of existing aircraft programs.
Aerospace Hose and Tube Assemblies Market Drivers
Some of the key drivers listed in the report are given below.
- Increasing Commercial and Regional Aircraft Deliveries.
- High-growth potential in the Wide-Body Aircraft.
- Increasing Global Commercial and Regional Aircraft Fleet Size.
- Increasing Demand for Lightweight Fluid Conveyance Systems.
- Increasing Revenue Passenger Kilometers (RPK) and Freight Tonne Kilometers (FTK).
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Top Companies in the Aerospace Hose and Tube Assemblies Market?
The market is fairly consolidated with the presence of some global and regional players. Stratview Research has identified the following companies as the top market players.
- Eaton Corporation plc
- Parker-Hannifin Corporation
- Smith’s Group plc
- PFW Aerospace GmbH
- Leggett & Platt, Inc.
- AMETEK, Inc.
- Unison Industries
- Stelia Aerospace
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 and Tube 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 requirements? | 10% free customization |
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About us –
Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. The reliability and insightfulness of the reports enable the readers take convincing business decisions.
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SOURCE Stratview Research