According to latest research, the aircraft refueling hose market is projected to expand between 4.0% and 6.0% CAGR during the 2020-2026 assessment period. An aircraft refueling hose is used for fuelling and defueling purposes of private and commercial aircraft.
It handles jet fuel along with higher grade aromatic aviation gasoline. The ability of these systems to easily refuel aircraft in land and air during flight journey coupled with a considerable reduction in flight journey downtime significantly supports the industry size expansion over the projected timeframe.
Moreover, advancements in materials along with superior fire resistance capabilities are few major innovations in aircraft refueling hoses, contributing to the increasing segment share.
What is Driving Demand for Aircraft refueling hose
Growing demand for advanced refuellers and sales is driving the aircraft refueling hose market over the study timeframe.
Availability of wide range of built-in hose assembly with different diameter will further support the business growth.
Stringent government regulations across the globe mandating periodic maintenance of products and replacements of old products not meeting the standards are supporting the revenue generation process.
Developments in tourism sector and parallel rise in disposable income are some of the key influencing factors boosting the industry growth of commercial aircraft.
The proliferation of economical aircrafts providing affordable air travel networks across multiple countries is expected to uplift the refueling hose market growth over the time period.
In addition, airliners are constantly enhancing their aircraft portfolio in order to cater the growing air passenger traffic. In 2019, for instance, Azul airlines (Brazil) announced the up gradation of its aircraft fleet with new orders of Embraer 195-E2 aircraft and Airbus A320neo.
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Growing tourism sector and air travel to drive the commercial aviation
Increase in the tourism industry across the globe to benefit the demand for commercial aircrafts and ultimately rise the demand for aircraft refueling hose. Helicopters will showcase a considerable growth in the market size on account of the rising prevalence for Helicopter In-Flight Refueling (HIFR) systems.
Upsurge in the tourism industry is significantly contributing to the growing demand for helicopters.
Moreover, increased applications of helicopters in several industries, including oil & gas and mining, along with the installation of refueling hoses for increased reliability and higher fuel flow assurance will further propel the market size till 2031.
Europe Aircraft refueling hose demand outlook
The Europe market size will grow significantly due to the rising air travel across the region.
The proliferating air passenger traffic owing to the rising demand for low-cost air carriers along with improving tourism sector will further expand the regional share over the forecasted period.
Airliners across the region are focusing on expanding their aircraft fleet for catering to the rising air passenger traffic.
For instance, in 2017, Surf Air announced the expansion of its network routes and business aircraft fleet with innovative, low-cost, and subscription-based all-you-can-fly-model to target a wide air travelling customer base.
North America Demand Outlook for Aircraft refueling hose
North America will account for a significant share in the aircraft refueling hose market size.
The massive defense budget along with the rising air passenger travels are some of the major factors supporting the regional growth.
For instance, the U.S. Pentagon has proposed a defense budget amount to USD 718 billion for FY 2020. Moreover, Canada defense expenditure accounted for around USD 16 billion in 2018, positively influencing the regional share over the study timeframe.
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Who are the Key Manufacturers and Suppliers of Aircraft refueling Hose
Some of the leading manufacturers and suppliers include
- A.E.R.O. Aviaion Hose Shop,
- Aljac Fuelling Components Ltd.,
- APACHE,
- Becker & Associates,
- Cobham Mission Systems Wimborne Limited,
- Coxreels, Delafield Corporation,
- Eaton,
- Elaflex hiby GmbH & Co. KG,
- Husky Corporation,
- IVG Colbachini S.p.A,
- JGB Enterprises, Inc.,
- Parker Hannifin corp,
- Pear Hose corp,
- ContiTech AG,
- OGCF Engineering (M) Sdn Bhd,
- Herber Aircraft Service, Inc.,
- and Hannay Reels Inc.
- among others.
Several key market participants are focusing on new & innovative product development to cater the growing demand from the end use sector.
Key players are investing an enormous amount in research and development to introduce new products and they are also investing to manufacture products in a sustainable way, to decrease the carbon emission.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments.
The report also maps the qualitative impact of various market factors on market segments and geographies.
Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
- Stainless steel Hose
- Composite Hose
- Rubber Hose
By sales channel
- Original Equipment Manufacturer (OEM)
- Aftermarket
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- Helicopters
- Military aircraft
- Unmanned air vehicle
- Commercial aircraft
- Others
By Region
- North America
- U.S.
- Canada
- Latin America
- Mexico
- Brazil
- Rest of Latin America
- Europe
- Germany
- Italy
- France
- U.K
- Spain
- BENELUX
- Russia
- Rest of Europe
- South Asia
- India
- Asian
- Australia & New Zealand
- East Asia
- China
- Japan
- South Korea
- Middle East and Africa
- GCC Countries
- Turkey
- S. Africa
- Northern Africa
- Rest of MEA
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