The aerospace hose and tube assemblies market fell victim to the pandemic’s wrath and declined by a massive -28% in 2020, dragging the market behind by at least half a decade. That being said, the industry is on its way to healing which is quite apparent in recent events. The aerospace giants, Airbus and Boeing’s recouping revenues, climbing production rates of key aircraft programs, and easing up of traveling restrictions are some of the key factors indicating the commencement of regaining normalcy. A similar impact is likely to be witnessed in the aerospace hose and tube assemblies market, which is likely to grow at a promising CAGR of 7.9% during 2021-2026 to reach US$ 2.3 billion by 2026.
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