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

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News provided by

Stratview Research

Dec 21, 2023, 10:25 ET

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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.

Click here for a free sample pdf: 

https://www.stratviewresearch.com/Request-Sample/478/aerospace-hose-and-tube-assemblies-market.html#form

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).

To know the attractive segments, click here for a free sample pdf: 

https://www.stratviewresearch.com/Request-Sample/478/aerospace-hose-and-tube-assemblies-market.html#form

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).

For Customization or Any Other Queries, Get in Touch with Our Industry Experts at [email protected]

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

 Related reports which might be useful:

  • Aerospace Hose Assemblies Market
  • Aerospace Tube Assemblies Market

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.

Stratview Research has been helping companies to 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.

Are you looking for any specific data customized to your objectives? We are just a mail away.

Stratview Research
E-mail: [email protected]
Direct: +1-313-307-4176

Logo: https://mma.prnewswire.com/media/660595/Stratview_Research_Logo.jpg

SOURCE Stratview Research

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