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Aviation Refueling Hose Market by Type (Rubber Hose, Plastic Hose, Metal Hose), Application (General Aviation, Military Aviation, Commercial Aviation) Region Industry Outlook 2021-2027

Format: PDF | Pages: 320 | Report ID: MRS1009


Report Description

The global Aviation Refueling Hose market size is estimated at USD 1,996.2 million in 2020, expanding at a CAGR 4.2% from 2021-2027 to reach 3,006.1 million USD in 2027.

Market Dynamics

Aviation refueling hose is used for fueling and refueling private and commercial aircraft. The increasing aircraft production coupled with rising air passengers boost the aviation refueling hose market during the forecast period. The ability of these systems to easily refuel aircraft inland and even in the air during flight journeys coupled with a significant reduction in flight journey downtime further supports the industry size expansion during the forecast period. 

In addition, rising investment for defense across the globe to strengthen their military operations is one of the significant drivers to fuel the growth aviation refueling hose market over the forecast period. For instance, the U.S. government proclaimed a defense budget allocation of around USD 716 billion for 2019. Moreover, rising commercial vehicles due to rapid growth in air passenger traffic give a positive outlook for the growth of the market. For instance, Boeing announced the delivery of 806 aircraft in 2018, reducing backlogs and enhancing their business share.

Based on application, military aviation is expected to grow at a significant rate during the forecast period. This is attributed to the increasing investment in defense by the government across the globe. The key players are focusing on introducing technologically advanced and lightweight aircraft refueling hoses for improving system efficiency. Moreover, the advent of aerial refueling systems along with probe and drogue refueling technologies with hoses contribute significantly toward improving operational efficiency and reducing flight downtime.

Regionally, North America witness to highest market share during the forecast period owing to the high expenditure for defense budget as well as a growing air passenger. For instance, the U.S. Pentagon is proposing a defense budget amounting to USD 718 billion for FY 2020. Moreover, Canada's defense expenditure accounted for around USD 16 billion in 2018, positively influencing the regional share over the forecast period.

On the other hand, the Europe region is expected to grow at a significant rate over the forecast period. This is attributable to rising air travel across the region. The escalating air passenger traffic due to the increasing demand for low-cost air carriers along with the improving tourism sector will further boost the regional market share over the forecast period.

The merger & acquisitions as well as product launches are considered as the key strategies adopted by the players to penetrate the market growth or to gain maximum market share. Some of the prominent players are Fluid Transfer International?FTi), Husky Corporation, JGB, PEAR Canada, and Franklin Fueling Systems. Recently, In February 2019, Parker Hannifin Corporation acquired Markwel Hose Products Pvt. Ltd. This strategic acquisition complement and enhance the presence of its hose products in Asia-Pacific.

The report begins with an overview of the Industry Chain structure and describes the industry environment, and then analysis market size and forecast of the aviation refueling hose market by type, application, and region. In addition, this report introduces the market competition situation among the vendors and company profile, besides, market price analysis and value chain features are covered in this report.

Company Coverage (Company Profile, Sales Revenue, Price, Gross Margin, Main Products, etc.):

  • Fluid Transfer International?FTi?
  • Husky Corporation
  • JGB
  • PEAR Canada
  • Franklin Fueling Systems
  • TOPS Equipment and Manufacturing Company
  • Parker Hannifin
  • MTG
  • ELAFLEX HIBY
  • ContiTech

Type Coverage (Market Size & Forecast, Main Consumer Analysis, etc.):

  • Rubber Hose
  • Plastic Hose
  • Metal Hose

Application Coverage (Market Size & Forecast, Main Consumer Analysis, etc.):

  • General Aviation
  • Military Aviation
  • Commercial Aviation

Region Coverage (Regional Consumption, Demand & Forecast by Countries, etc.):

  • North America (U.S., and Canada)
  • Europe (Germany, U.K., France, Italy, Spain, etc.)
  • Asia-Pacific (China, India, Japan, Indonesia, Malaysia, Australia, South Korea, etc.)
  • South America (Brazil, Mexico, Argentina, etc.)
  • Middle East & Africa (Saudi Arabia, Kuwait, UAE, South Africa, etc.)

Frequently Asked Questions

The global Aviation Refueling Hose market size is estimated at USD 1,996.2 million in 2020, expanding at a CAGR 4.2% from 2021-2027 to reach 3,006.1 million USD in 2027.
North America captured the highest revenue in 2021 and is projected to continue its dominance during the study period.
The global industry is growing at a promising growth rate over the study period.
Asia Pacific (especially China, and India) region is projected to grow at the fastest growth rate during the study period.
The merger & acquisitions as well as product launches are considered as the key strategies adopted by the players to penetrate the market growth or to gain maximum market share. Some of the prominent players are Fluid Transfer International?FTi), Husky Corporation, JGB, PEAR Canada, and Franklin Fueling Systems. Recently, In February 2019, Parker Hannifin Corporation acquired Markwel Hose Products Pvt. Ltd. This strategic acquisition complement and enhance the presence of its hose products in Asia-Pacific.

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