Aircraft Screws Market is Likely to reach US$ 649 million in the coming Years

Stratview Research has launched a new research report on Aircraft Screws Market. Published on Mar, 2019, this 251-page report segments the market in following ways to provide a 360-degree holistic view.

The forecast of the market size has been segmented by –
 Aircraft Type (Commercial Aircraf, Military Aircraft, and Others),
 Material Type (Titanium, Stainless Steel, and Other Screws),
 Application Type (Airframe, Interiors, and Others),
 End-User Type (OE, and Aftermarket),
 Region
o North America (Country Analysis: The USA, Canada, and Mexico)
o Europe (Country Analysis: Germany, France, The UK, Spain, Russia, and Rest of Europe)
o Asia-Pacific (Country Analysis: Japan, China, India, and Rest of Asia-Pacific)
o Rest of the World (Sub-Region Analysis: The Middle East, Latin America, and Others)

The objective of this report is to identify the Trend, Forecast, Competitive Analysis, and Growth Opportunity of Aircraft Screws market.

Years considered for this report –
 base year 2019
 trend period 2013 – 2018
 forecast period 2019 – 2024

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Aircraft Screws Market Insights

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. Screw currently accounts for less than 5% of the total aircraft fasteners market but is one of the fastest-growing fastener type in the industry.

The screws market for the aircraft industry seems promising with attractive growth opportunities in the entire ecosystem of the market. The aircraft screws market 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, was acquired by Berkshire Hathaway Inc., a leading American Holding company, for a deal value of US$ 37.2 billion.

Commercial Aircraft is likely to remain the growth engine of the market

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.

Titanium is likely to remain the most dominant material

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 steel and aluminum screws. Titanium offers significant weight-saving advantage along with excellent corrosion resistance as compared to other competing materials.

Airframe is projected to remain the largest application

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.

OE sales will remain the largest segment

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.

North America will remain the largest market

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.

Top market leaders & the supply chain of this market

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 on 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, product launches, etc.
 Attractive market segments and associated growth opportunities
 Emerging trends
 Strategic growth opportunities for the existing and new players
 Key success factors.

Research Methodology

This report studies the global Aircraft Screws market, keeping in mind the interest of all the stakeholders across the value chain. The rich quality of insights is outcome of -
 Extensive secondary research,
 Rigorous primary interviews with more than 15 industry stakeholders across the value chain.
 Validation and triangulation of data with Stratview Research’s internal database and statistical tools.
 More than 700 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data.

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