Global Aerospace Fasteners Market Research Report: Information by Product (Nuts & Bolts, Rivets, Screws and others), Material (Aluminum, Alloy Steel, Titanium and others), Application (Fuselage, Control Surfaces and Interior), Aircraft Type (Commercial Aircraft and Military Aircraft), End User (Military and Commercial Aerospace) and Region (North America, Europe, Asia-Pacific, Middle East & Africa and Latin America) – Forecast till 2025
The well-known players in the global aerospace fasteners market are listed as 3V Fasteners Company (US), Alcoa Corporation (US), B&B Specialties, Inc. (the US), CDP Fastener Group, Inc. (the US), The Boeing Company (US), LISI Group (France), National Aerospace Fasteners Corporation (Taiwan), STANLEY Engineered Fastening (US), TFI Aerospace (Canada), Wesco Aircraft Holdings (US), Ho-Ho-Kus Inc. (US), Arconic Inc. (US), and TriMas (US).
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Market Research Future which publishes reports on the aerospace & defense industry and reveals that the global aerospace fasteners market is anticipated to develop with a substantial CAGR while achieving higher revenues during the forecast period.
Market Drivers and Trends:
The increasing demand for air travel worldwide has led to an augmented requirement for commercial aircraft. Such a boost in the number of aircraft is expected to result in the need for aerospace fasteners simultaneously. These are some of the critical factors that are driving the global aerospace fasteners market in the present time. Aerospace fastener manufacturers are progressively focusing more on emerging regions, such as Latin America, Asia-Pacific, and North Africa due of the elevated demand for aircraft, which is offering immense opportunities for third-party companies to partner with OEMs and open MRO service centers in these regions. Therefore, these factors are anticipated to expand the market’s growth in the coming years with a higher valuation.
On the other hand, the use of titanium fasteners along with rising investment in interior cabin products, have also been encouraging market growth since the past five years. Whereas, technological advances being the key to product acceptance has introduced software such as ASRP5, which allows the simulation of complex assembly processes. These elements bode well for the market’s growth, as per the study. In case of point, both civilian aircraft programs, comprising Boeing 787, Bombardier’s new C-Series airliners, and Airbus A350, and military applications, together with aircraft such as Lockheed’s new F-35 Lightning II fighter jet, are favouring titanium aerospace parts due to light weighing parts, and compatibility with carbon fibre-reinforced composite structures. These are to drive the demand for aerospace fasteners in the market, which is promoting the market’s growth at a substantial rate.
On the flip side, factor such as surged retirement of maintenance-intensive aircraft in favor of more electronic aircraft, which require a fewer number of fasteners, is possible to hamper the market growth to some extent during its proliferation period.
The global aerospace fasteners market, according to the reports, has been segmented based on type, application, aircraft type, and material.
By the mode of type, the market includes segments such as nuts & bolts, rivets, screws, and many more. Among which, the rivets segment accounted for the largest market share in 2018 and is now likely to observe the highest CAGR during the forecast period from 2019 to 2025. Rivets offer several benefits, such as high tensile strength and assist in fixing critical structural components together.
By the mode of material, the market includes segments such as aluminum, alloy steel, titanium, and others. Of which, the aluminum segment held for the largest market share in 2018, whereas, the titanium segment is possible to witness the highest CAGR during the forecast period. Benefits of titanium include lightweight and corrosion resistance that is propelling the segment growth.
By the basis of application, the market is categorized into the fuselage, control surfaces, and interior. Wherein, the fuselage segment held for the largest market share in 2018 and is now likely to develop at the highest CAGR during the forecast period. The factors such as the escalating need for passenger safety and airlines, aircraft manufacturers are investing in high-quality aerospace fasteners.
By the mode of aircraft type, the market is classified into commercial aircraft and military aircraft. Wherein, the military aircraft held for a larger market share in 2018. However, the commercial aircraft is likely to expand at a higher CAGR from 2019 to 2025. Therefore, the surging air passenger traffic is anticipated to drive the segment growth.
The global aerospace fasteners market study has been conducted in the main regions of North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
Among these, North America is anticipated to obtain the most significant market share in 2018. However, Asia-Pacific is also ready to witness a substantial growth at the highest CAGR during the forecast period from 2019 to 2028. The factors such as the escalating demand for new aircraft to cater to the escalating air passenger traffic and rising investment made by airline companies in developing countries such as China and India are driving the aerospace fasteners market in the region. The emerging regions like Asia and the Middle East are likely to have aircraft nearly 17,000 aircraft delivered. These factors will drive the market during the forecast period.
Table of Content:
1 Executive Summary
2 Scope of the Report
2.1. Market Definition
2.2. Scope of The Study
2.3. Market Structure
2.4. Key Takeaways
2.5. Key Buying Criteria
3 Research Methodology$ 0.00
3.1. Research Process
3.2. Primary Research
3.3. Secondary Research
3.4. Market Size Estimation
3.5. Forecast Model
3.6. List of Assumptions. . .
List of Tables:
Table 1 Global Aerospace Fasteners Market: By Region, 2018-2023
Table 2 North America: Aerospace Fasteners Market: By Country, 2018-2023
Table 3 Europe Aerospace Fasteners Market: By Country, 2018-2023
Table 4 Asia-Pacific Aerospace Fasteners Market: By Country, 2018-2023
Table 5 Middle East And Africa Aerospace Fasteners Market: By Country, 2018-2023
Table 6 Latin America Aerospace Fasteners Market: By Country, 2018-2023
Table 7 Global Aerospace Fasteners Aircraft Type Market: By Regions, 2018-2023
Table 8 North America: Aerospace Fasteners Aircraft Type Market: By Country, 2018-2023
Table 9 Europe Aerospace Fasteners Aircraft Type Market: By Country, 2018-2023
Table 10 Asia-Pacific Aerospace Fasteners Aircraft Type Market: By Country, 2018-2023
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