Aluminum and Steel - Substrates of Choice
Lightweight construction is an asset in aircraft design, as it helps achieve optimum ratio between the payload and range of an aircraft. Materials such as aluminum and steel would remain highly preferable in aircraft manufacturing processes. Their high strength-to-weight ratio and lightweight attribute make them a top priority for manufacturers of aircraft tube and duct assemblies.
Titanium, on the other hand, is finding utilization in high-temperature applications where heat resistance is quintessential, such as aerospace engine components. Although the material is relatively expensive as compared to aluminum, it still drives value creation.
North America and Europe Leading Markets; Spotlight on Asia to Grow
Owing to the presence of aircraft production hubs - the U.S. and Russia - North America and Europe would maintain their primacy in the global aircraft tube and duct assemblies market. Capturing around 70% of overall revenue, manufacturers continue to extract value-capture prospects from these developed regions.
The market in Asia is also growing on the back of rising air traffic and expansion of aftermarket parts and service offerings. Investment upsurge in aircraft defense materials in countries such as the U.S., China, and India is further propelling market growth in both, developed and developing regions.
Greater Focus on Aircraft MRO to Sustain Profit Windfall
Leading manufacturers of aircraft tube and duct assemblies are focusing on introducing an aircraft MRO (Maintenance, Repair and Overhaul) business model in order to increase customer retention and expand customer base. In addition, they must work in close collaboration with airlines and OEMs in the initial phase to cut expenses during repair processes, and focus on core activities for future progress. For instance, Eaton’s tube and duct repair solutions has started offering at least 50% cost reduction in case of damages.
How Growth will Unfold
Flourishing air tourism industry in tandem with competitive air ticket pricing are bolstering the production of narrow body and wide body passenger air carriers. As the trend would stay pervasive over the projection timeframe, manufacturers are investing materially in commercial aircraft.
Further, around 9 out of 10 aircraft tube and duct assemblies are equipped in commercial aircrafts. Global defence expenditure is reaching new heights, primarily driven by the implementation of advanced, combat, and stealth-based aircraft procurement programs. Market players are thus tapping this white space for relevant value creation.
FREQUENTLY ASKED QUESTIONS ABOUT AIRCRAFT TUBE AND DUCT ASSEMBLIES MARKET
How will the growth outlook for the aircraft tube and duct assemblies market be?
The global aircraft tube and duct assemblies market is projected to grow at a significant rate, owing to increasing consumer spending on air travel, investments in the aircraft industry, rise in defense expenditure, and flourishing travel & tourism industry. However, governmental laws and regulations are creating challenges for the growth of the aircraft tube and duct assemblies market.
Which application area holds potential growth opportunities for market players?
Engine bleed is expected to provide sustainable opportunities for aircraft tube and duct assemblies in the global market. Prices of aircraft tube and duct assemblies used in engine bleed are high, as engine bleed requires high strength tube and duct assemblies as compared to other areas of application.
What is the degree of competition in the aircraft tube and duct assemblies market?
The aircraft tube and duct assemblies market has a competitive structure, with tier-I players dominating the market. Tier-I players are estimated to hold more than 50% of market share in the aircraft tube and duct assemblies market. Tier-I players operating in the market include Eaton, Exotic Metals Forming, Leggett & Platt, Incorporated, and PFW Aerospace GmbH.
Which region will lead the global sales of aircraft tube and duct assemblies?
North America remains at the forefront of the global aircraft tube and duct assemblies market, and is estimated to hold more than 40% market share over the forecast period. Sales of aircraft tube and duct assemblies will be bolstered by continued order inflows from the commercial and defense sectors, as well as abundance of service providers in the region.
Which are the emerging countries in the global aircraft tube and duct assemblies?
China and Russia are expected to be emerging countries in the global aircraft tube and duct assemblies market. China is transitioning to a more service-based economy, which will simultaneously result into higher air travel demand in the near future. China and Russia are increasing their production of aircraft. Also, over the last two decades, Russia’s military budget has substantially increased.
AIRCRAFT TUBE AND DUCT ASSEMBLIES MARKET TAXONOMY
Application
- Engine Bleeds
- Thermal Anti-ice
- Pylon Ducting (HVAC) Enamel
- Fuselages
- Inlets/Exhausts
- Environment Control Systems (ECS)
- Lavatories
- Waste Systems
Aircraft Type
- Commercial Aircraft
- Narrow Body Aircraft
- Wide Body Aircraft
- Regional Jets
- Freighters
- Military Aircraft
Material
- Steel
- Nickel
- Titanium
- Aluminum
- Composite
- Inconel
Sales Channel
- OEMs
- Aftermarket
Region
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- MEA
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by - Sudip Saha, Managing Director and Co-Founder of Future Market Insights
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