Aerospace Hose and Tube Assemblies Market to Reach US$ 1.5 Billion in 2024

Aerospace Hose and Tube Assemblies Market report is a 270-page study offering actionable insights into the global market opportunities, trends, forecasts, and competitive analysis.

Stratview Research has published a new research report on Aerospace Hose and Tube Assemblies Market. This extensive 270-page report by Stratview Research analyses the growth of Aerospace Hose and Tube Assemblies Market over the trend period of 2013 to 2018 and forecast period of 2019 to 2024 under the following segments -
• By Type: Aerospace Hoses & Aerospace Tubes
• Pressure Type: Low & Medium & High Pressure
• Platform Type: Commercial aircraft, military aircraft etc.
• Application Type: Fuel System, Hydraulic System, etc.
• by Region: North America, Europe, Asia-Pacific, and RoW

Get a free sample of the report: https://www.stratviewresearch.com/Request-Sample/478/aerospace-hose-and-tube-assemblies-market.html

Increasing demands for lightweight and durable fluid conveyance systems
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 aircraft is likely to remain the growth engine
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).

Table Of Contents: https://www.stratviewresearch.com/toc/478/aerospace-hose-and-tube-assemblies-market.html

PTFE hoses are expected to maintain its dominance
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 is estimated to remain the largest and the fastest-growing application
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 market
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.

Top market players
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.

Why Stratview Research
Our 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:
● Aerospace Hose and Tube Assemblies Market overview, industry life cycle analysis, supply chain analysis
● Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
● Market trend (2013 – 2018) and forecast analysis (2019-2024) of each segment.
● Competitors’ market share, product portfolio and new launches.
● Growth opportunities in each segment.
● Emerging trends which will decide the future course of development.
● Strategic growth opportunities for the existing and new players
● Key success factors.

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