Flexible Metallic Tubing Market Overview:
As per MRFR analysis, the Flexible Metallic Tubing Market Size was estimated at 2.74 (USD Billion) in 2022.The Flexible Metallic Tubing Market Industry is expected to grow from 2.9(USD Billion) in 2023 to 4.9 (USD Billion) by 2032. The Flexible Metallic Tubing Market CAGR (growth rate) is expected to be around 5.99% during the forecast period (2024 - 2032).
Key Flexible Metallic Tubing Market Trends Highlighted
Growing advancements in the aerospace industry are escalating the demand for flexible metallic tubing due to its exceptional strength-to-weight ratio, flexibility, and durability. The increasing adoption of these tubes in various aerospace applications, including fuel lines, hydraulic systems, and exhaust systems, is driving market growth. Moreover, the expansion of the manufacturing and energy sectors, where flexible metallic tubing is utilized for conveying gases, liquids, and slurries, further contributes to its increasing demand.Recent trends indicate a shift towards environmentally sustainable solutions, leading to the adoption of flexible metallic tubing in renewable energy applications. The rising need for efficient and reliable power transmission in solar and wind power systems is driving the demand for these tubes. Additionally, the increasing emphasis on industrial automation and process control is expected to create significant growth opportunities for flexible metallic tubing in the coming years.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Flexible Metallic Tubing Market Drivers
Rising Demand for Flexible Metallic Tubing in Aerospace and Defense
One of the most powerful drivers for the growth of flexible metallic tubing is the aerospace and defense industry. In these industries, flexible metallic tubing is used for a wide range of different applications, including aircraft engines, hydraulic systems, fuel lines, and others. As the aerospace and defense industry sees growth in the use of aircraft and aviation technology, so too will the demand for flexible metallic tubing in these industries see growth in the coming years.One of the central reasons why the flexible metallic tubing market is growing at such a fast pace in the aerospace and defense industry is the fact that there has been a significant increase in demand for lightweight, durable tubing material. In this context, flexible metallic tubing is often the most suitable option available because it is relatively lightweight and highly durable. The flow of fuel and other materials in an aerospace and defense context can be incredibly harsh and foreign to traditional machinery and equipment, which can be easily damaged and corroded.Metals are able to withstand these challenges, which makes flexible metallic tubing the best option for aircraft engines, hydraulic systems, and fuel lines in aircraft. Finally, the demand for flexible metallic tubing is being anchored by the demand for fuel-efficient planes and other aircraft. Metals are more lightweight than most other tubing materials, which means that lighter aircraft are able to save on fuel.
Growing Adoption of Flexible Metallic Tubing in the Automotive Industry
The automotive industry is another major driver of growth for the flexible metallic tubing market. Flexible metallic tubing is used in a variety of automotive applications, including exhaust systems, fuel lines, and brake lines. The demand for flexible metallic tubing in these applications is expected to continue to grow in the coming years as the automotive industry continues to expand. One of the key factors driving the growth of the flexible metallic tubing market in the automotive industry is the increasing demand for fuel-efficient vehicles.Flexible metallic tubing can help to reduce the weight of vehicles, which can lead to improved fuel efficiency. This is a major factor driving the growth of the flexible metallic tubing market in the automotive industry, and it is expected to continue to be a major driver of growth in the coming years.
Increasing Use of Flexible Metallic Tubing in the Medical Industry
The medical industry is a growing market for flexible metallic tubing. Flexible metallic tubing is used in a variety of medical applications, including surgical instruments, catheters, and endoscopes. The demand for flexible metallic tubing in these applications is expected to continue to grow in the coming years as the medical industry continues to expand. One of the key factors driving the growth of the flexible metallic tubing market in the medical industry is the increasing demand for minimally invasive procedures.Flexible metallic tubing can be used to create minimally invasive surgical instruments, catheters, and endoscopes. This allows for less invasive procedures, which can lead to shorter recovery times and reduced scarring. This is a major factor driving the growth of the flexible metallic tubing market in the medical industry, and it is expected to continue to be a major driver of growth in the coming years.
Flexible Metallic Tubing Market Segment Insights:
Flexible Metallic Tubing Market Material Insights
The material segmentation of the Global Flexible Metallic Tubing Market includes Stainless Steel, Copper, Nickel-based Alloys, Titanium, and Others, among which the Stainless-Steel segment is expected to lead the market during the forecast period. The rapid growth of this segment can be attributed to the increasing usage of stainless steel flexible metallic tubing in a broad range of industries, including chemical processing, petrochemical, power generation, and aerospace. This material demonstrates exceptional resistance to corrosion, heat, and pressure, due to which stainless steel is the most appropriate material for applications requiring the optimal performance and durability of metallic tubing.Copper is one of the traditional materials used for flexible metallic tubing, and this segment is expected to grow at a stable rate in the coming years. Flexible metallic tubing made of copper is notable for the material’s excellent electrical and thermal conductivity, which makes it the most appropriate choice for such applications as electrical wiring, heat exchangers, and refrigeration systems. The manufacturing of flexible metallic tubing by using the third key material, Nickel-based Alloys, provides the product with high strength and remarkable resistance to corrosion and oxidation.As such, nickel-based alloy flexible metallic tubing is the optimal choice for the aerospace and marine perspectives, as it perfectly sustains harsh environments. The other segment includes Titanium as a high-performance alternative to the materials listed above. Titanium flexible metallic tubing is notable for its outstanding strength-to-weight ratio, resistance to corrosion, and biocompatibility. It is used for manufacturing various products, from medical devices and aerospace components to chemical processing equipment. The other segment also includes aluminum, brass, and bronze, as other materials used for their specific properties in particular applications.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Flexible Metallic Tubing Market Diameter Insights
The FMT market is segmented by diameter into Below 1 Inch, 1-2 Inches, 2-4 Inches, 4-6 Inches, and 6 Inches and Above. The Below 1 Inch segment is projected to have the largest revenue share by 2024 on account of its extensive use in a wide range of industrial applications. The 1-2 Inches segment is expected to have the highest growth rate from 2024 to 2032. Increasing use of this diameter in the automotive and construction industry is expected to be the key driver for this segment. The 2-4 Inches segment is expected to account for a significant amount of market share due to its use in plumbing and HVAC systems.The 4-6-inch segment is expected to grow at a steady pace, which can be attributed to the use of this diameter FMT in heavy-duty industrial applications. The 6-inch and Above segment is also expected to have a significant market share primarily driven by the use of these FMTs in the oil and gas industry.
Flexible Metallic Tubing Market Braiding Type Insights
The Braiding Type segment of the Global Flexible Metallic Tubing Market is anticipated to grow significantly in the coming years. In 2023, the single-layer sub-segment held the largest market share, accounting for around 38.5% of the total revenue. The double-layer sub-segment is projected to exhibit a CAGR of 6.5% from 2024 to 2032, owing to its increasing adoption in various industries. The Multi Layer sub-segment is expected to gain traction due to its superior flexibility and durability, with a projected CAGR of 5.8% over the forecast period.The Other sub-segment, which comprises specialized braiding types, is anticipated to contribute a notable share to the overall market growth. Overall, the Global Flexible Metallic Tubing Market is expected to witness steady expansion in the coming years, driven by the increasing demand for these products in diverse industries.
Flexible Metallic Tubing Market End Fittings Insights
The End Fittings segment of the Global Flexible Metallic Tubing Market is expected to witness significant growth over the forecast period. Threaded Fittings are projected to hold the largest market share due to their ease of installation and reliability. Flanged Fittings are also expected to gain traction, owing to their ability to withstand high pressure and temperature applications. Welded Fittings are anticipated to grow at a steady pace as they offer superior strength and durability. Other End Fittings, such as compression fittings and quick-connect fittings, are also likely to contribute to market growth.The Global Flexible Metallic Tubing Market is expected to reach a value of 3.2 billion USD by 2024, with the End Fittings segment accounting for a significant portion of this revenue. This growth is attributed to the increasing demand for flexible metallic tubing in various industries, including oil and gas, chemical processing, and power generation.
Flexible Metallic Tubing Market Regional Insights
The Global Flexible Metallic Tubing Market is segmented into North America, Europe, APAC, South America, and MEA. North America is the largest region in the Global Flexible Metallic Tubing Market, accounting for a market share of around 30% in 2023. Europe is the second largest region, with a market share of around 25%. APAC is the fastest-growing region, with a CAGR of around 6%. The growth of the Global Flexible Metallic Tubing Market is driven by the increasing demand from the automotive, construction, and industrial sectors. The automotive sector is the largest end-use industry for Flexible Metallic Tubing, accounting for around 40% of the total demand.The construction sector is the second largest end-use industry, with a market share of around 25%. The industrial sector is the third largest end-use industry, with a market share of around 20%. The Global Flexible Metallic Tubing Market is highly competitive, with a large number of players. The key players in the market include Eaton Corporation, Parker Hannifin Corporation, and Swagelok Company. These players are investing heavily in research and development to develop new products and technologies.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Flexible Metallic Tubing Market Key Players And Competitive Insights:
The players in the Flexible Metallic Tubing Market are increasingly entering into partnerships and collaborations to expand their global reach and enhance their product portfolios. Collaborations include joint ventures, mergers and acquisitions, and distribution agreements. The reputed players in the Flexible Metallic Tubing Market unitize partnerships with local companies to enter new markets in the respective region, develop a strong distribution network, and maximize the benefits of local expertise. Moreover, the mergers and acquisitions activities of these enterprises aid them in consolidating their market position, possessing an extended product range, and accessing new technologies.
A Flexible Metallic Tubing Market player, Parker Hannifin, has been engaged in strategic collaborations and acquisitions to expand its global presence. The firm, Parker Hannifin, has acquired the business of Exotic Metals Forming Company, LLC, in 2023. The business of Exotic Metals Forming Company, LLC, is focused on the production of metal bellows and assemblies of superior precision, complementing the existing product range of the acquiring firm. This helps Parker Hannifin consolidate its position in the aerospace and defense sectors. The organization, Parker Hannifin, also entered into an agreement with AVIC Electromechanical Systems Company Ltd to establish a manufacturing unit for metallic tubes in China to cater to the increasing demand in the Asia Pacific regions.
TI Fluid Systems is one of the competitors in the Flexible Metallic Tubing Market. The firm has focused on organic growth and product innovation strategies to maintain its market position. The company has invested in developing the performance and facilitating capabilities of flexible metallic tubing through research and development. Owing to the increasing demand from the different end-use industries such as automotive, industrial, and medical segments, TI Fluid Systems company has extended its manufacturing capacity. The customer-focused innovation strategies have helped this firm address customer needs effectively and maintain its solid market position.
Key Companies in the Flexible Metallic Tubing Market Include:
- Parker Hannifin Corporation
- Manuli Hydraulics S.p.A.
- Gates Corporation
- Swagelok Company
- Amtrol Inc.
- Alpha Gary Corporation
- EGC Enterprises
- Metal Bellows Corporation
- SaintGobain Performance Plastics SAS
- DS Smith Plc
- Thermoid Corporation
- Aeroquip Corporation
- Legris SAS
- Cincinnati Test Systems, Inc.
- Fluortek Fluid Handling Solutions
Flexible Metallic Tubing Market Industry Developments
The global flexible metallic tubing market is projected to reach USD 4.9 billion by 2032, exhibiting a CAGR of 5.99% during the forecast period (2024-2032). Rising demand for flexible metallic tubing in various industries, including automotive, construction, and energy, is driving market growth.Recent news developments include the launch of new products and strategic partnerships. For instance, in January 2023, Parker Hannifin Corporation introduced a new line of flexible metallic tubing for high-pressure hydraulic applications. Additionally, in February 2023, Trelleborg Sealing Solutions acquired the flexible metallic tubing business of Safran Electrical & Power, expanding its product portfolio.Key market players include Parker Hannifin Corporation, Eaton Corporation, Trelleborg Sealing Solutions, and TI Fluid Systems. These companies are focusing on research and development to enhance the performance and durability of flexible metallic tubing.
Flexible Metallic Tubing Market Segmentation Insights
- Flexible Metallic Tubing Market Material Outlook
- Stainless Steel
- Copper
- Nickel-based Alloys
- Titanium
- Other
- Flexible Metallic Tubing Market Diameter Outlook
- Below 1 Inch
- 1-2 Inches
- 2-4 Inches
- 4-6 Inches
- 6 Inches and Above
- Flexible Metallic Tubing Market Braiding Type Outlook
- Single Layer
- Double Layer
- Multi Layer
- Other
- Flexible Metallic Tubing Market End Fittings Outlook
- Threaded Fittings
- Flanged Fittings
- Welded Fittings
- Other
- Flexible Metallic Tubing Market Regional Outlook
- North America
- Europe
- South America
- Asia Pacific
- Middle East and Africa
Report Attribute/Metric |
Details |
Market Size 2022 |
2.74(USD Billion) |
Market Size 2023 |
2.9(USD Billion) |
Market Size 2032 |
4.9(USD Billion) |
Compound Annual Growth Rate (CAGR) |
5.99% (2024 - 2032) |
Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Base Year |
2023 |
Market Forecast Period |
2024 - 2032 |
Historical Data |
2019 - 2023 |
Market Forecast Units |
USD Billion |
Key Companies Profiled |
Parker Hannifin Corporation, Manuli Hydraulics S.p.A., Gates Corporation, Swagelok Company, Amtrol Inc., Alpha Gary Corporation, EGC Enterprises, Metal Bellows Corporation, SaintGobain Performance Plastics SAS, DS Smith Plc, Thermoid Corporation, Aeroquip Corporation, Legris SAS, Cincinnati Test Systems, Inc., Fluortek Fluid Handling Solutions |
Segments Covered |
Material, Diameter, Braiding Type, End Fittings, Regional |
Key Market Opportunities |
Industrial automation energy sector growth, healthcare advancements, automotive industry expansion and infrastructure development |
Key Market Dynamics |
Rising demand from construction Increasing use of plumbing Growing adoption in HVAC systems Technological advancements Environmental regulations |
Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Global Flexible Metallic Tubing Market is valued at approximately USD 2.9 billion in 2023.
The Global Flexible Metallic Tubing Market is projected to grow at a CAGR of 5.99% from 2024 to 2032.
North America is expected to dominate the Flexible Metallic Tubing Market in 2023.
Key applications of Flexible Metallic Tubing include automotive, industrial, and construction.
Major competitors in the Global Flexible Metallic Tubing Market include Eaton, Parker Hannifin, and Trelleborg.
Growth drivers of the Flexible Metallic Tubing Market include increasing demand for lightweight and durable materials in various industries.
Challenges faced by the Flexible Metallic Tubing Market include fluctuating raw material costs and intense competition.
The Global Flexible Metallic Tubing Market is projected to reach USD 4.9 billion by 2032.