The global aircraft band clamps market was valued at $190.3 million in 2021, and is projected to reach $312 million by 2031, growing at a CAGR of 5.3% from 2022 to 2031.
An aircraft band clamp is a band-shaped tool that consists of a wide metallic strap fabricated with various profiles to efficiently hold, secure, and join the connections of ducts, tubes, pipes, in an engine, aerostructures, and other applications of the aircraft in which strength, quick adjustment, flexibility, reliability, or customization is needed. The band clamps can be tied and tightened around the connections and can be adjusted according to different shapes and diameters.
Growth of aircraft band clamps market is driven by factors such as rise in air traffic bolstering the requirement of new aircrafts and increase in aircraft deliveries and rise in inflight passengers across the globe are primary factors supporting market growth. Despite continued headwinds, air travel remains a critical component of the global transport network, enabling not only people but cargo to move efficiently. China’s passenger traffic growth prospects continue to be supported by long-term economic growth (GDP) expectation of 4.3% over the next 20 years.
The aircraft band clamp market is segment on the basis of material, application, end use and sales channel. The material segment is divided into aluminum, nickel, titanium, stainless steel and others. The application is classified into airframe and interiors, engine, landing gear and others. The end use segment includes commercial and military. The market within the sales channel segment is divided into OEM and aftermarket. Region wise, the aircraft band clamps industry is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Companies have adopted product development and product launch as their key development strategies in the ultralight aircraft industry. Moreover, collaborations and acquisitions are expected to enable leading players to enhance their product portfolios and expand into different regions. The key players operating in the aircraft band clamps market are TransDigm Group Inc., Teconnex, Eaton, Caillau, Ho-Ho Kus, J&M Products Inc., National Utilities, Pacmet Aerospace, UMPCO, Inc., Clampco Products Inc., Consolidated Aerospace Manufacturing, Destaco, United Aircraft Technologies, Inc., LAS Aerospace Ltd, Click Bond, Inc., Wicks Aircraft Supply and Avionics Mounts Inc.
Increase in aircraft deliveries
The rise in aircraft production and deliveries across the globe, fleet modernization program to include fuel efficient aircraft, and gradually increasing pace of clamp deliveries by manufacturing companies support business opportunities within the aircraft clamp market. In comparison to 29 and 72 deliveries, respectively, in the same month the previous year, Boeing and Airbus delivered 41 and 63 commercial aircraft in March 2022. Boeing delivered 95 and Airbus delivered 142 aircraft as of 2022, respectively, as opposed to 77 deliveries by Boeing and 125 deliveries by Airbus in the first quarter of 2021. Boeing and Airbus were 18 and 17 deliveries, respectively, ahead of the totals for the first three months of last year.
Major players in aircraft industry are currently ramping up production of aircraft which further help in creating demand of aircraft band clamp market. For instance, European planemaker Airbus has announced that it will ramp up production of its A320 by 60% in the next two years. It will also ramp up production of its A220 aircraft significantly, as it expects the aviation sector to recover in the coming years. Since last year, the sector has been battered by the coronavirus pandemic.
Rise in air traffic bolstering demand for aircraft band clamp in MRO and aftermarket.
The rise in aviation traffic is attributed to a variety of factors. The primary reason is population and economic expansion, which is being fueled by the burgeoning middle class. By 2035, the global economy is projected to rise by 3% annually, while aviation traffic is projected to grow by an average of 6% annually. The second development element is introducing low-cost airlines with competitive rates on well-traveled routes.
The low-cost carriers play a significant role in the intensification of air traffic in Europe at present, they account for more than 40% of Europe's and 25% of traffic globally. By encouraging international airlines to lower ticket rates, these businesses significantly influence airline prices.
Inefficient Supply Chain and increasing backlogs
The sudden outbreak of COVID-19 in 2019, imposition of global trade and travel restriction in 2020 and 2021, followed by the Ukraine-Russia war in 2022 has posed a notable number of challenges in business operations, majorly in cross border trade. Governments across the globe are limited their trade dependencies on European regions and aligning their inclination toward Asia-Pacific, African, and Middle East nation. The inter-European trade infrastructure is undergoing a major shift, casing notable business losses.
Rise in requirement of robust aircraft band clamps to ensure operations in extreme pressure and temperature
In high temperature applications, it is essential that you have the proper equipment to handle the heat being applied to your equipment. Without high temperature ducting, extreme heat can cause permanent damage to the flex duct and ventilation system. Large selection of high temperature hose that is designed for long-term use and durability when exposed to elevated temperatures. The most important distinction that must be made is the determination of the maximum temperature to which a hose is exposed. This includes the media being moved through the flex duct, as well as the temperature in and around the machinery in which a flex hose is attached.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the aircraft band clamps market analysis from 2021 to 2031 to identify the prevailing aircraft band clamps market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the aircraft band clamps market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global aircraft band clamps market trends, key players, market segments, application areas, and market growth strategies.
Aircraft Band Clamps Market Report Highlights
Market Size By 2031
USD 312 million
CAGR of 5.3%
2021 - 2031
By End Use
By Sales Channel
Key Market Players
Teconnex, CAILLAU, Transdigm Group, Inc., Click Bond, Inc., United Aircraft Technologies, Inc., Clampco Products Inc., Avionics Mounts Inc., LAS Aerospace Ltd, J&M Products Inc., PACMET Aerospace, National Utilities, Wicks Aircraft Supply, Eaton, Ho-Ho-Kus, Inc, Consolidated Aerospace Manufacturing, UMPCO, Inc., DESTACO
The aircraft band clamp market is expected to witness a significant growth rate owing to rise of global aviation industry across the globe. In the wake of COVID-19 pandemic and Russia’s war in Ukraine has had a direct impact on the aviation industry, most notable that sanctions prohibit delivery of airplanes in Russia. There will be demand for 40,000 new airplanes in the next 40 years. Furthermore, advancements of aircraft capabilities worldwide have created the demand for modernization and installation of advanced technologies by companies. Hence, the increase in new aircraft and their modernization is expected to open new avenues for the growth of the aircraft band clamp market during the forecast period.
To fulfill the changing demand scenarios, market participants are concentrating on product launches to offer a diverse range of products and meet new business opportunities. In addition, market participants are continuously focusing on contracts, business expansion and partnership efforts to match changing end-user requirements and improve the growth of the aircraft adhesive market. In February 2020, Clampco Products collaborated with SpaceX for delivering critical clamp components to support the Crew Dragon Demo-2 launch.
Among the analyzed regions, Asia-Pacific is the highest revenue contributor, followed by North America, Europe, and LAMEA. Asia-Pacific is expected to witness highest growth rate during the forecast period, owing to increasing efforts of the Indian and Chinese governments to develop indigenous aircraft infrastructure.