Aerospace Hose and Tube Assemblies Market is Likely to reach an estimated value of US$ 1.5 billion in 2024

Stratview Research has launched a new research report on Aerospace Hose and Tube Assemblies Market. Published on Apr,2019, this 270-page report segments the market in five ways to provide a 360-degree holistic view.

The forecast of the market size has been segmented by –
• By Platform Type (Commercial & Regional Aircraft, Helicopter and Others)
• By Type (Aerospace Hoses and Aerospace Tubes)
• By pressure Type (Low, Medium and High Pressure)
• By Application Type (Fuel System, Hydraulic System and Others)
• Region
o North America (Country Analysis: The USA, Canada, and Mexico)
o Europe (Country Analysis: Germany, France, The UK, Russia, and Rest of Europe)
o Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
o Rest of the World (Country Analysis: Latin America, Middle East, and
Others)

The objective of this report is to identify the Trend, Forecast, Competitive Analysis, and Growth Opportunity of Aerospace Hose and Tube Assemblies market.
Years considered for this report –
 base year 2019
 trend period 2013 – 2018
 forecast period 2019 – 2024

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Hose and Tube Assemblies in the aerospace industry worth US$ 1.5 B in 2024

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).

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.

commercial and regional aircraft worth of US$ 6.3 trillion

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.

Prominent mergers & acquisitions of the market

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.

Commercial aircraft will remain the growth engine of the market

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.

Titanium tubes are likely to witness the highest growth

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.

Fuel system will remain the largest application segment for the market

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.

North America to remain the largest Aerospace Hose and Tube Assemblies market

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.

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 Strategies

The supply chain of this market comprises raw material suppliers, aerospace hose and tube manufacturers, tier players, aircraft OEMs, airlines, and aircraft leasing companies.

Major Aerospace Hose and Tube Assemblies 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.

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 on 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, product launches, etc.
 Attractive market segments and associated growth opportunities
 Emerging trends
 Strategic growth opportunities for the existing and new players
 Key success factors.
Research Methodology
This report studies the global Aerospace Hose and Tube Assemblies market, keeping in mind the interest of all the stakeholders across the value chain. The rich quality of insights is outcome of -
 Extensive secondary research,
 Rigorous primary interviews with more than 15 industry stakeholders across the value chain.
 Validation and triangulation of data with Stratview Research’s internal database and statistical tools.
 More than 700 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data.

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