The Global Aerospace Fasteners Market was estimated to be US$ 6.3 billion in 2019 and it is expected to grow at a modest CAGR of 6% through 2030.
Increased investment in military and defense, rising demand for commercial aircrafts from emerging economies, adoption of advanced technologies in manufacturing of aerospace fasteners, and expansion of aerospace MRO across the globe are the key attributes driving the growth of the global aerospace fasteners market.
Aerospace fasteners helps in maintaining and improving the integrity of aerial vehicles and equipment. Owing to exposure of aerial vehicles to high pressure and temperature during normal operations, the aerospace components need to offer excellent quality and must withstand the critical operational conditions.
The manufacturers of aerospace fasteners must adhere to high design and manufacturing standards to ensure quality of products. The advancements in aerospace industry has significantly contributed towards the growth of the global aerospace fasteners market during past decade and is expected to offer prominent opportunities in coming years. Emergence of aerial mode of transportation of passengers and cargo, increased investment in development of aerial vehicles and defense equipment such as missiles, and expansion of aerospace MRO service industry are anticipated to contribute towards the growth of the global aerospace fastener market during the forecast period.
North America contributed the largest share to the global aerospace fasteners market in 2019 in terms of revenue and volume and is anticipated to be dominating geography throughout the forecast period. Presence of leading aircraft manufacturers, aerospace component manufactures, and defense equipment manufacturers across the United States is the key attribute contributing towards the growth of the North America aerospace fasteners market.
Increased investment in military & defense and rise in commercial aircraft orders in coming years to drive the growth of North America aerospace fasteners market during the forecast period. The Asia Pacific aerospace fasteners market is anticipated to grow significantly during the forecast period owing to emergence of new airlines across major countries and rising demand from aerospace MRO activities. Europe held a prominent share of the global aerospace fastener market in 2019 and is expected to grow significantly during the forecast period.
Aerospace Fastener Market Share Analysis, by Geography (2022)
The report titled “Aerospace Fastener Market - Global Market Share, Trends, Analysis and Forecasts, 2023-2032” wherein 2021 is historic period, 2022 is the base year, and 2023 to 2032 is forecast period. Additionally, the study takes into consideration the competitive landscape, wherein the report would provide company overview and market outlook for leading players in the global aerospace fastener market. Furthermore, the report would reflect the key developments, global & regional sales network, business strategies, research & development activities, employee strength, and key executive, for all the major players operating in the market.
The global aerospace fastener market is segmented on the basis of product type, material, fixing type, aircraft type, application, aviation type, end user, and geography. Based on product type, the global aerospace fastener market is segmented into rivets, screws, nuts & bolts, and others. Based on material, the global aerospace fastener market is segmented into aluminum, titanium, steel, super alloys, and others. Based on fixing type, the global aerospace fastener market is segmented into temporary fixing, and permanent fixing. Based on aircraft type, the global aerospace fastener market is segmented into narrow body aircraft, wide body aircraft, regional transport aircraft, business jets, fighter jets, and others. Based on applications, the global aerospace fastener market is segmented into cabin interior, fuselage, control surface, and others. Based on aviation type, the global aerospace fastener market is segmented into military aviation, commercial aviation, general aviation, business aviation, and others. Based on end user, the global aerospace fastener market is segmented into aircraft OEM and aftermarket (MRO). Based on geography, the global aerospace fastener market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
The research provides in-depth analysis of prominent players holding majority share of the global market with a focus on all operating business segment and would identify the segment of the company focusing on aerospace fastener. Further, market share of prominent companies in the global aerospace fastener market would also be estimated. the study takes into consideration the key competitive information such as business strategy, product portfolio, key development, swot analysis, and research and development focus of all the aerospace fastener companies.
The global aerospace fastener market study would take into consideration the participants engaged throughout the supply chain and value chain of the market, along with their contribution. Product portfolio would focus on all the products under the aerospace fastener business segment of the company. Similarly, the recent development section would focus on the latest developments of company such as strategic alliances and partnerships, merger and acquisition, new product launched and geographic expansion in the global aerospace fastener market.
Major players active in the global aerospace fastener market include 3V Fasteners Company Inc., Accumen Global Technologies, Advanced Logistics for Aerospace, Alcoa Fastening Systems & Rings, Allfast Fastening Systems, Arconic, AVDEL, B&B Specialties, Inc., B/E Aerospace, Inc., Bufab Group, EADS Group, Ho-Ho-Kus Inc., LISI AEROSPACE, National Aerospace Fasteners Corporation, Precision Castparts Corporation, STANLEY, TFI Aerospace, and TPS Aviation Inc.
The Global Aerospace Fastener Market Is Segmented As Below:
Based On Product Type
Based On Material
Based On Fixing Type
Based On Aircraft Type
Based On Applications
Based On Aviation Type
Based On End User
The global market for aerospace fasteners will most likely expand at over 6% CAGR through 2030.
Increased investment in military and defense, rising demand for commercial aircrafts from emerging economies, adoption of advanced technologies in manufacturing of aerospace fasteners, and expansion of aerospace MRO across the globe are the key attributes driving the growth of the global aerospace fasteners market.
North America contributed the largest share to the global aerospace fasteners market. Increased investment in military & defense and rise in commercial aircraft orders in coming years to drive the growth of North America aerospace fasteners market during the forecast period.
Aerospace fasteners are largely used in the cabin interior, fuselage, control surface, and others.
The global aerospace fasteners market segmented on the basis of product type, material, fixing type, aircraft type, application, aviation type, end user, and geography.
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