The aircraft refueling hose market is expected to witness significant gains in the coming years, driven by increasing air passenger traffic and the subsequently boosted aircraft production activities. Refueling hoses are highly essential equipment in the aviation sector attributing to their ability to seamlessly refuel aircrafts when on land or in mid-air.
Industry players are constantly focusing on innovating novel technologies in the field of aviation to make the associated logistics and operations more efficient and streamlined. The aviation sector is governed by a number of strict regulations and standards. Such standards play a prominent role in shaping the industry outlook by upholding quality, making them essential markers to assess future growth.
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Investment in defense infrastructure has offered immense impetus to market. For instance, the U.S. Air Force 2020 budget anticipates an approximate US$165.6 billion investment, a 6% increase from the FY 2019 request, which involves continuing the procurement of F-35As and KC-46As, and initiating the refresh of the F-15 fleet with a new variant. These investments will most likely drive the global aircraft refueling hose market share.
Expansion in commercial airline fleets along with a high-rise demand for lighter airplanes will boost aircraft refueling hose market share. Exponential increase air passenger traffic will positively influence product demand. For instance, IATA claims that, with present trends in air transport, it is likely that passenger numbers will double to 8.2 billion by 2037.
Aircraft major Boeing recently projected that the worldwide need for new airplanes will grow rapidly between 2018 and 2037, during which about 42,730 new airplanes deliveries are expected with a market value of $6.3 trillion. This growth will be increasingly witnessed across Asian countries like China and India and will drive the regional industry. In fact, Boeing claims that China alone is expected to order 6,810 new airplanes worth over $1.025 trillion over the aforementioned period.
Rising efforts by domestic airlines to increase their flight network by adding new, advanced aircrafts will drive the industry share. Expanding aircraft fleets helps to increase the size of the airline's network and will eventually help to boost aircraft refueling hose market trends.
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North America aircraft refueling hose market will generate substantial proceeds by 2025 on account of rising demand for military aircrafts along with a considerable increase in defense budget. In a bid to attain improved system performance and efficiency, eminent industry players are developing lightweight and technologically advanced refueling hoses. The North America industry size will depict a CAGR of 3% over 2019-2025.
Key players in the market include Eaton, Perkar Hannifin, Husky Corporation, Elaflex, Cobham Plc, and Apache.
Major Key Points from Table of Content:
Chapter 4 Aircraft Refueling Hose Market, By Application
4.1 Market share by application, 2018 & 2025
4.2 Military Aircraft
4.2.1 Market estimates and forecast from military aircraft, 2013 - 2025, (Thousand Units) (USD Million)
4.2.2 Market estimates & forecast from military aircraft, by region, 2013-2025 (Thousand Units) (USD Million)
4.3.1 Market estimates and forecast from helicopter, 2013 - 2025, (Thousand Units) (USD Million)
4.3.2 Market estimates & forecast from helicopter, by region, 2013-2025 (Thousand Units) (USD Million)
4.4 Commercial Aircraft
4.4.1 Market estimates and forecast from commercial aircraft, 2013 - 2025, (Thousand Units) (USD Million)
4.4.2 Market estimates & forecast from commercial aircraft, by region, 2013-2025 (Thousand Units) (USD Million)
4.5.1 Market estimates and forecast from UAV, 2013 - 2025, (Thousand Units) (USD Million)
4.5.2 Market estimates & forecast from UAV, by region, 2013-2025 (Thousand Units) (USD Million)
Chapter 5 Aircraft Refueling Hose Market, By Distribution Channel
5.1 Market share by distribution channel, 2018 & 2025
5.2.1 Market estimates and forecast from OEM channel, 2013 - 2025, (Thousand Units) (USD Million)
5.2.2 Market estimates & forecast from OEM channel, by region, 2013-2025 (Thousand Units) (USD Million)
5.3.1 Market estimates and forecast from aftermarket, 2013 - 2025, (Thousand Units) (USD Million)
5.3.2 Market estimates & forecast from aftermarket, by region, 2013-2025 (Thousand Units) (USD Million)
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