PUBLISHER: The Business Research Company | PRODUCT CODE: 1619407
PUBLISHER: The Business Research Company | PRODUCT CODE: 1619407
An aircraft refueling hose is a specialized, high-pressure hose used to transfer aviation fuel from a source-such as a fuel truck, hydrant system, or refueling station-to an aircraft. These hoses are essential for the refueling process and are designed to meet strict safety and performance standards.
The main types of aircraft refueling hoses include composite hoses, stainless steel hoses, and rubber hoses. Composite refueling hoses are made from multiple layers of various materials, combining synthetic fibers, polymers, and metal wire reinforcements. These versatile hoses are used with different aircraft types, such as wide-body, narrow-body, and rotorcraft, and are available through various sales channels, including original equipment manufacturers and aftermarket suppliers. They serve a range of end users, including commercial and military aviation, among others.
The aircraft refueling hose market research report is one of a series of new reports from The Business Research Company that provides aircraft refueling hose market statistics, including aircraft refueling hose industry global market size, regional shares, competitors with an aircraft refueling hose market share, detailed aircraft refueling hose market segments, market trends and opportunities, and any further data you may need to thrive in the aircraft refueling hose industry. This aircraft refueling hose market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The aircraft refueling hose market size has grown strongly in recent years. It will grow from $2.3 billion in 2023 to $2.49 billion in 2024 at a compound annual growth rate (CAGR) of 8.1%. The growth during the historic period can be attributed to a rise in the procurement of combat aircraft, an increase in domestic and international passenger numbers, growing demand for helicopters, and an expansion in the tourism industry.
The aircraft refueling hose market size is expected to see strong growth in the next few years. It will grow to $3.41 billion in 2028 at a compound annual growth rate (CAGR) of 8.2%. The anticipated growth in the forecast period can be attributed to rising demand for air travel and expansion, an increasing number of low-cost carriers, growing needs in military aviation, expanding air passenger traffic, and increased military expenditure. Key trends expected during this period include technological advancements, improved refueling technologies, enhanced hose material integrity, integration of smart connected technologies, development of advanced laser recharge systems, and modernization of systems.
The increasing production of aircraft is expected to drive growth in the aircraft refueling hose market. Aircraft encompass any vehicle designed for flight, including airplanes, helicopters, and drones, used in commercial, military, and private aviation sectors. The surge in aircraft production is fueled by rising global air travel demand, which is supported by economic growth, higher disposable incomes, and a growing middle class, particularly in emerging markets. Additionally, the expansion of global trade and e-commerce is boosting the need for cargo aircraft to enable faster and more efficient goods transportation. Aircraft refueling hoses are crucial for safely transferring fuel to aircraft, ensuring efficient refueling operations for various types of aircraft, including commercial, military, and private planes. For instance, the International Air Transport Association reported in June 2023 that global aircraft deliveries reached 1,239 in 2022, a 19.1% increase from 2021. This increase highlights a significant recovery in the aviation industry, driving demand for aircraft refueling hoses.
Leading companies in the aircraft refueling hose market are developing advanced refueling technologies, such as automatic air-to-air refueling (AAR) systems, to improve efficiency, safety, and reliability in both military and commercial aviation. An automatic air-to-air refueling (AAR) system is a military aviation technology that automates the transfer of fuel from one aircraft (the tanker) to another (the receiver) while in flight. For example, in December 2022, the European Defense Agency, a Belgium-based government organization, initiated a project to develop an AAR system using the hose and drogue method. This project aims to enhance the efficiency and success rate of AAR missions through automation technologies. Key goals of the project include improving the tracking and stabilization of the drogue, creating a simulation environment for optimal receiver aircraft trajectories, and addressing technological gaps in sensors and computing.
In September 2022, Parker Hannifin Corporation, a U.S.-based company specializing in motion and control technologies, acquired Meggitt PLC for approximately $6.88 billion. This acquisition was aimed at strengthening Parker Hannifin's capabilities in aerospace applications, particularly in aircraft refueling systems, by integrating Meggitt's advanced technologies and expertise in fluid management solutions. Meggitt PLC, based in the UK, specializes in aerospace components and sub-systems, serving the aerospace, defense, and selected energy markets.
Major companies operating in the aircraft refuelling hose market are Lockheed Martin Corporation, ContiTech AG, Eaton Corporation, Safran S.A., Parker Hannifin Corporation, Apache Inc., Gates Corporation, Trelleborg Group, Semperit AG Holding, Alfagomma Group, Polyhose, Motion and Flow Control Products, Dixon Valve and Coupling Company LLC, JGB Enterprises Inc, Husky Corporation, Delafield Corporation, The Rubber Company, Aviation Pros, Pirtek, Aljac Fuelling, Aero-Hose Corp, ARG Industries, Elaflex Hiby Tanktechnik GmbH and Co. KG
North America was the largest region in the aircraft refueling hose market in 2023. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the aircraft refuelling hose market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the aircraft refuelling hose market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The aircraft refueling hose market consists of sales of jet fuel hoses, aviation fueling nozzles, static grounding devices, overwing refueling systems, hose reels, and dispensers. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Aircraft Refueling Hose Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on aircraft refueling hose market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for aircraft refueling hose ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The aircraft refueling hose market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.