Aerospace Hose and Tube Assemblies Market is Forecasted to Reach US$ 1.9 billion in 2028, Says Stratview Research

The global aerospace hose and tube assemblies market is projected to witness a growth rate of 8.3% annually from 2023 to 2028, with an anticipated size of US$ 1.9 billion by 2028, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global aerospace hose and tube assemblies market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

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Report Highlights:
Market Size in 2028: US$ 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: 100+

Segment Insights on the 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 the 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).

To know the most attractive segments, visit:
https://www.stratviewresearch.com/478/aerospace-hose-and-tube-assemblies-market.html

Which Region Shows the Most Promising Growth Forecast and Opportunity?

The analysis suggests that North America held a share of >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 outlook 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.
- Rising air travel demand, increasing aircraft production, and the need for fuel-efficient systems.
- Technological advancements, growing defense budgets, and the modernization of existing fleets further propel market growth.

Top Companies in the Aerospace Hose and Tube Assemblies Market:
Stratview Research has identified the following companies as the top market players (Based on Dominance).
• Eaton Corporation plc
• Parker-Hannifin Corporation
• Smiths Group plc
• PFW Aerospace GmbH
• Leggett & Platt, Inc.
• AMETEK, Inc.
• Unison Industries
• Stelia Aerospace

What Unique Insights Does this Report Offer?

This report provides comprehensive insights into the Aerospace Hose and Tube Assemblies Market, answering critical questions like:

• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?

For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - sales@stratviewresearch.com

Related Reports:

• Aerospace Hose Assemblies Market: https://www.stratviewresearch.com/2393/aerospace-hose-assemblies-market.html

• Aerospace Tube Assemblies Market: https://www.stratviewresearch.com/2382/aerospace-tube-assemblies-market.html

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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. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.

This release was published on openPR.