Selbyville, Delaware, May 09, 2019 (GLOBE NEWSWIRE) --
The aircraft refueling hose market is predicted to hike from USD 1.8 billion in 2018 to over USD 2.5 billion by 2025, according to a 2019 Global Market Insights, Inc. report. The proliferating demand for military jets for special purpose missions coupled with the increasing tanker size for supporting aerial refueling operations will drive the market growth. The significant product demand is further propelled by the rising defense budget, including the U.S., China and India, along with the increasing commercial airplane deliveries.
Increasing commercial airplane delivery with a high demand for lighter airplanes with improved fuel efficiency will boost the aircraft refueling hose market share. The rising air passenger traffic along with the increasing demand for low-cost carriers is fostering the usage of refuellers in commercial air carriers.
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Rising low cost carriers demand will positively enhance aircraft refueling hose market size. Increasing adoption of low-cost carriers can be attributed to the availability of a vast network of routes at lower fares. Additionally, airliners are focusing on reducing extra services given to customers for free and offering packages at standardized rates, supporting the lowering of air fares.
Growing demand for advanced refuellers and sales is driving the aircraft refueling hose market size 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.
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 2025.
Browse key industry insights spread across 307 pages with 438 market data tables & 14 figures & charts from the report, “Aircraft Refueling Hose Market, By Application (Military Aircraft, Helicopters, Commercial Aircraft, UAV), By Distribution Channel (OEM, Aftermarket), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Spain, Russia, Poland, Netherlands, Sweden, Norway, China, Japan, India, Thailand, Australia, Vietnam, Malaysia, Indonesia, Singapore, Korea, Pakistan, Brazil, Chile, Colombia, Saudi Arabia, Turkey, UAE, Israel, Iran, Algeria), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/aircraft-refueling-hose-market
OEMs accounted for a substantial revenue share in the aircraft refueling hose market size on account of the increased installation of refuelers in airplane and ongoing technological advancements. Industry participants are developing lightweight fueling hoses to provide easier handling for reel services and meet the all-stringent requirements. Furthermore, airplane manufacturers are establishing strategic agreements to address air carriers fueling services for the U.S. defense requirements.
North America will witness around 3% CAGR in the aircraft refueling hose market share owing to the increasing investments by industry participants to advance technologies. For instance, in February 2016, Boeing tanker KC-46 carried out the successful fueling of F/A-18 during its flight. Additionally, the deployment of multiple tankers with probe & drogue systems including the KC-130, C-160 NG, and KC-135 will further support the market expansion over the projected timeframe.
The key aircraft refueling hose industry players include Perkar Hannifin, Eaton, Elaflex, Husky Corporation, Cobham Plc and Apache. Industry participants are engaged in long-term partnerships and strategic expansion of existing facilities.
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About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.