Aircraft Screws Market to reach US$ 649 million in 2024.

Stratview Research announces the launch of a new research report on Aircraft Screws Market by Aircraft Type (Commercial Aircraft, Military Aircraft, Regional Aircraft, General Aviation, and Helicopter), by Material Type (Titanium Screws, Stainless Steel Screws, and Other Screws), by Application Type (Airframe, Interiors, Engine, Flight Control Surfaces, and Others), by End-User Type (OE and Aftermarket), and by Region (North America, Europe, Asia-Pacific, and Rest of the World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2019-2024.

This comprehensive report, from Stratview Research, studies a specific category of fasteners, screws for the aircraft industry. The report analyzes the current market realities, changing competitive landscapes, and future market possibilities in order to forecast the market for the period of 2019 to 2024 with high accuracy. Along with the global and regional market forecast for crucial segments, the report also provides actionable insights as well as detailed competitive landscapes with an aim to aid the market stakeholders in informed business decision making and growth strategy formulation.

Aircraft Screws Market: Highlights

Screw is an essential member of the fasteners family and is heavily used during the aircraft manufacturing. Screws used in the aircraft industry are of very high grade as compared to those used in general industries. Screws currently account for less than 5% of the total aircraft fasteners market but is one of the fastest-growing fastener types in the industry.

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The screws market for the aircraft industry seems promising with attractive growth opportunities in the entire ecosystem of the market. The market for aircraft screws is projected to grow at a healthy rate over the next five years to reach US$ 649 million in 2024. Increasing production rates of the key aircraft programs, such as B737, B787, A320, and A350XWB; introduction of variants of the best-selling aircraft programs (A320 neo, B737 Max, B777x, and A330 neo); market entry of new aircraft (C919 and MC-21), rising global aircraft fleet size, and increasing demand for lightweight and corrosion-resistant screws are the major growth drivers of the global aircraft screws market.

Over the past five years, the market for aircraft screws has been recording various strategic initiatives, which are changing market dynamics and competitive landscapes. For instance; in 2016, Precision Cast Parts Corp. (PCC), the leading supplier of aircraft fasteners including screws, acquired by Berkshire Hathaway Inc., a leading American Holding company, for a deal value of US$ 37.2 billion.

The global aircraft screws market is segmented based on the aircraft type as Commercial Aircraft, Military Aircraft, Regional Aircraft, General Aviation, and Helicopter. Commercial Aircraft is likely to remain the growth engine of the market during the forecast period. Both, Boeing and Airbus, are raising the production rates of their respective best-selling commercial aircraft programs of B737 and A320. Further, there is also an increase in the production rate of next-generation aircraft program B787 and A350XWB, which is also likely to spur the growth of the segment.

Based on the material type, the aircraft screws market is segmented into titanium screws, stainless steel screws, and other screws. Titanium is likely to remain the most dominant material type in the aircraft screws market over the next five years, propelled by increasing usage of titanium in the manufacturing of screws by replacing traditional steel and aluminum screws. Titanium offers significant weight-saving advantage along with excellent corrosion resistance as compared to other competing materials.

Based on the application type, the airframe is projected to remain the largest application segment of the aircraft screws market during the forecast. Fuselage and wings cover a large surface area and have thousands of screws deployed in them, which make airframe the most dominant segment. Interior is projected to grow with the highest rate during the forecast period, driven by growing replacement or refurbishment of cabin interiors.

Based on the end-user type, OE sales is likely to remain the larger segment of the market during the forecast period. There are more than 100 aircraft OEMs worldwide, the majority of those have assembly plants located in North America and Europe. This makes these two regions as the most dominant OE markets for aircraft screws. The aftermarket segment is likely to witness the higher growth in the market during the forecast period.

Based on the regions, North America is expected to remain the largest market for aircraft screws during the forecast period as the region is the manufacturing capital of the aircraft industry with the presence of several large- to small-sized aircraft OEMs, tier players, screw manufacturers, and distributors. The USA is not only the largest market for aircraft screws in

North America but also in the world. Boeing, Lockheed Martin, Bell Helicopter,
Gulfstream Aerospace Corporation, and The Cessna Aircraft Company are some of the major OEMs in the USA, which generate a healthy demand for screws in the country. Asia-Pacific is likely to depict the highest growth during the same period. China and India are the growth engines of the Asia-Pacific’s aircraft screws market. These economies keep on generating a high demand for commercial aircraft to support the rising passenger traffic.

The supply chain of this market comprises raw material suppliers, aircraft screw manufacturers, distributors, tier players, aircraft OEMs, airlines, aircraft leasing companies, and MRO companies. Some of the key aircraft screws manufacturing companies are Acument Global Technologies, Inc., Arconic Inc., B & B Specialties, Inc., Consolidated Aerospace Manufacturing LLC, Lisi Aerospace, Precision Castparts Corp. (PCC), and TriMas Corporation.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, Product portfolio, New product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

The global aircraft screws market is segmented into the following categories.
Aircraft Screws Market, By Aircraft Type
• Commercial Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Military Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Regional Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• General Aviation (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Helicopter (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Aircraft Screws Market, By Material Type
• Titanium Screws (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Stainless Steel Screws (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Other Screws (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Aircraft Screws Market, By Application Type
• Airframe (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Interiors (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Engine (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Flight Control Surfaces (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Aircraft Screws Market, By End-User Type
• OE (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Aftermarket (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Aircraft Screws Market, By Region
• North America (Country Analysis: The USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, The UK, Spain, Russia, and Rest of Europe)
• Asia-Pacific (Country Analysis: Japan, China, India, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: The Middle East, Latin America, and Others)

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This release was published on openPR.