Aerospace Tubes Market is Forecasted to Reach US$ 939 million in 2028, Says Stratview Research

The global aerospace tubes market is projected to witness a growth rate of 8.4% annually from 2023 to 2028, with an anticipated size of US$ 939 million by 2028, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global aerospace tubes 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$ 939 million
Growth (CAGR): 8.4% during 2023-2028
Forecast Period: 2023-2028
Trend Period: 2017-2021
Base Year: 2022
Number of Segments Covered: 4
Number of Tables & Graphs: 100+

Segment Insights on the Aerospace Tubes Market:
The global aerospace tubes market is segmented based on platform type, material type, sales channel type, and region.

Based on platform type - The aerospace tube market is segmented as commercial aircraft, regional aircraft, general aviation, military aircraft, helicopters, UAVs, and spacecraft. Despite taking a nosedive in 2020, commercial aircraft is expected to remain the largest and fastest-growing segment of the market during the forecast period. Increasing demand for lightweight yet durable components and parts, market entry of new players, such as COMAC and Irkut, rebounding aircraft deliveries, and ungrounding of B737Max are some of the key factors propelling the demand for tubes in the commercial aircraft segment.

Based on the material type - the market is segmented as titanium & alloys, nickel & alloys, steel & alloys, and others. Titanium & alloys are expected to remain the largest segment of the market during the forecast period. The density of titanium is 40% less than that of steel- or nickel-based alloys yielding a remarkable weight advantage for aerospace structures. It is a desirable material for high-performance metal tubes owing to its tensile strength (better than that of austenitic or ferritic stainless steels), strength, stiffness, and toughness along with high melting point. Owing to their massive array of advantages, titanium, and nickel are gaining traction in the aerospace industry.

To know the most attractive segments, visit:
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Which Region Shows the Most Promising Growth Forecast and Opportunity?

The analysis suggests that North America is expected to remain the largest market for aerospace tubes 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, raw material suppliers, and part fabricators.
- Most of the tube suppliers have their presence in the region to address the emergent needs of OEMs and to be the partner for their upcoming aircraft programs or upcoming fuel-efficient variants of existing aircraft programs.
- Asia-Pacific is likely to recoup at the fastest rate, witnessing 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; the opening of assembly plants of Boeing and Airbus for multiple aircraft programs; increasing procurement of military aircraft, owing to the rising defense budget; and upcoming indigenous aircraft, C919.

Aerospace Tubes Market Drivers:

Some of the key drivers listed in the report are given below.
- Rebounding aircraft deliveries.
- Upcoming aircraft engines.
- Increasing acceptance of advanced materials.
- Aging aircraft fleet size.

Top Companies in the Aerospace Tubes Market:
Stratview Research has identified the following companies as the top market players (Based on Dominance).
• AMETEK, Inc.
• Leggett & Platt, Inc.
• Haynes International, Inc.
• Sandvik AB
• Plymouth Tube Co.
• VSMPO-AVISMA Corporation
• Senior plc
• Kaiser Aluminum
• Constellium SE
• Arconic Corporation

What Unique Insights Does this Report Offer?

This report provides comprehensive insights into the Aerospace Tubes 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?

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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.