Global Aerospace Hose and Tube Assemblies Market (2021 to 2026) - Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunities
Hose and tube assemblies in the aerospace industry serve the purpose of a conduit through which fluid is conveyed. Tubes are used in the stationary application; where long and relatively straight runs are possible. They are widely used in the aerospace industry for fuel, oil, coolant, oxygen, instrument, and hydraulic lines. Similarly, hoses are used to connect moving parts with stationary parts, where they are subject to considerable vibration or where a great amount of flexibility is required. In the aerospace industry, tubes are usually rigid fluid lines made-up of materials, such as stainless steel, Inconel, titanium, copper, and aluminum. On the other hand, hoses are flexible fluid lines usually made-up of rubber (EPDM, neoprene, etc.) and polytetrafluoroethylene (PTFE).
The aerospace hose and tube assemblies market fell victim to the pandemic's wrath and declined by a massive -28% in 2020, dragging the market behind by at least half a decade. That being said, the industry is on its way to healing which is quite apparent in recent events. The aerospace giants, Airbus and Boeing's recouping revenues, climbing production rates of key aircraft programs, and easing up of traveling restrictions are some of the key factors indicating the commencement of regaining normalcy. A similar impact is likely to be witnessed in the aerospace hose and tube assemblies market, which is likely to grow at a promising CAGR of 7.9% during 2021-2026 to reach US$ 2.3 billion by 2026.
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