Report Format: PDF
Published Date: Sep-2018 | 186 Pages | Report ID: VSR00781
Global Aircraft Refuelling Hose Market size was valued at nearly USD 1.87 billion by 2018 and is estimated to reach up to USD xx.xx billion by 2025. According to the latest study conducted by our analysts and industry experts, the global market is expected to grow at a CAGR of 5.3% during the forecast period that is 2019-2025. The increasing aircraft production due to increased air passenger traffic along with growing defense budget across the world is propelling the aircraft refueling hose market size over the forecasted period. The capability of these systems to easily refuel aircraft inland and even in the air during flight journey coupled with an exceptional reduction in flight journey downtime further supports the industry size expansion over the forecasted period. Authorities across the globe are increasing their defense budget and expenditure to strengthen their military operations.
Global Market Growth Opportunities (Revenue, Growth) By 2017-2025
This global market study report analysis offers in-depth insights, revenue details, and other vital information regarding the global aircraft fuelling hose market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2025. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global aircraft fuelling hose market report has been segmented on the basis of type, application, and region. It includes the estimation of the market size, in terms of value, with respect to 4 main geographies, namely, North America, Europe, APAC, and RoW.
Segment Analysis
By Distribution Channel Acumen: Distribution channel is majorly delivered in two types by OEM and Aftermarket in the global market. OEM will grow significantly with the highest CAGR over the forecasted period in the aircraft fuelling hose market in the industry. This can be attributed to rising aircraft production and deliveries across the globe. OEMs are continuously focusing on developing lightweight and durable hoses with a focus on improving safety and fulfilling with demanding regulatory norms. In addition, evolution in materials along with superior fire resistance abilities is a little major advancement in aircraft refuelling hoses, which are boosting segment share. The aftermarket aircraft refuelling hose accounted for the largest revenue share in 2018 owing to the specification for periodic repairs, which may lead to replacement in these aircraft. In addition, stringent regulations directive the replacement of such components & parts to ensure appropriate refuelling extends the segment share. The continuous utilization of these hoses contributes majorly towards wear, tear, and probably cracks in the materials, further expand the segment growth.
By Application Acumen: Military aircraft marked a considerable volume share at around 20% in 2018. This can be credited to the increasing military expenditures across the world. Industry manufacturers are focusing on introducing technologically-advanced and lightweight aircraft refuelling hoses for developing system efficiency. In addition, the advent of aerial refuelling systems along with probe and drogue refuelling automation with hoses contribute rather toward improving operational efficiency and reducing flight downtime. The helicopters accounted for the largest share in the aircraft refuelling hose market size in 2018. This can be attributed to the rising demand across diversified applications counting tourism, military, and personal travel. In addition, the capability of helicopters to perform diversified operations including vertical take-off & landing along with easier maneuvering & hovering around places with finite open areas will boost the business share. The commercial aircrafts segment is expected to grow significantly with the highest CAGR over the forecasted period. The developing tourism sector along with the rising disposable income is some of the crucial factors enhance commercial aircraft market growth. The proliferation of low-cost aircraft carriers offering rising air travel networks across various countries at cheap prices is boosting the aircraft refuelling hose market size.
Regional Analysis
The global aircraft fuelling hose market is divided into regions that are North America - U.S, Canada, Other; Asia-Pacific -India, Japan, China, Australia, Other; Europe - UK, Russia, France, Brazil, Other; the Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players. North America will witness a significant share in the aircraft refueling hose market size over the forecasted period. The proliferating defense revenue along with the increasing air passenger travels are some of the crucial factors supporting regional growth.
Global Aircraft Refuelling Hose Market Size, Share Analysis by Region 2017
European aircraft refuelling hose market size will show steep growth owing to the rising air traffic across the region. The proliferating air passenger traffic due to the increasing demand for low-cost air carriers along with improving the tourism sector will further expand the share over the forecasted period. Airliners across the region are majorly focusing on expanding their aircraft fleet for catering to the increasing air passenger traffic. For example, in 2017, Surf Air declared the expansion of its network routes and business aircraft fleet with innovative, low-cost, and subscription-based all-you-can-fly-model to mark a wide air traveling customer base.
Global Aircraft Refuelling Hose Market Study Objective
1. To forecast the market size of the aircraft fuelling hose market, along with describing and defining the market, in terms of volume and revenue.
2. Market analysis and forecast of aircraft fuelling hose market based region, substrate and application or end-use industry.
3. To analyze and elaborate significant factors that will have major impact on the growth of aircraft fuelling hose market, such as drivers, restraints, challenges and opportunities.
4. The regional analysis of the aircraft fuelling hose market, to urge the market size of five global major regions, which includes Europe, North America, South America, Middle East & Africa, and the Asia Pacific.
5. Strategic analysis of micro markets in terms of individual prospects, opportunities, growth trends and their involvement in the overall market.
6. To provide detailed analysis of competitive and strategic developments in the aircraft fuelling hose market like new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.
7. Analysis of market opportunity for a stakeholder to provide a competitive landscape for the global market players.
To profile major market player and to analyze their market shares and essential competence comprehensively.
Key Players
The leading players in the aircraft refuelling hose market size are Eaton, JGB Enterprises, Inc., Parker Hannifin Manufacturing S.R.l., Husky Corporation, Delafield Corporation, and Cobham plc, Elaflex, Pear Hose Corp., Apache Inc., and Aero-Hose Corp. Diplomatic unification & procurements are among the leading strategies maintained by market players to improve their market share.
Global Aircraft Refuelling Hose Market Study Report Offer You!
The global market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.
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