Aircraft Blind Bolts Market to Reach US$ 238.7 Million in 2024

Aircraft Blind Bolts Market report is a 275-page study offering actionable insights into the global market opportunities, trends, forecasts, and competitive analysis.

Stratview Research has published a new research report on Aircraft Blind Bolts Market. This extensive 275-page report by Stratview Research analyses the growth of Aircraft Blind Bolts Market over the trend period of 2013 to 2018 and forecast period of 2019 to 2024 under the following segments -
· by Aircraft Type (Commercial aircraft, military aircraft, and Others),
· by Application Type (Airframe, Interior, and Others),
· by Material Type (Titanium Blind bolts and Others),
· by Blind Bolt Type (Drive-Nut Blind Bolts & Pull Type Blind Bolt), and
· by Region (North America, Europe, Asia-Pacific, and Rest of the World)

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The market share of the Blind Bolts in the aircraft industry
Blind bolts currently account for less than 5% of the total aircraft fasteners market. However, the bolt type is expected to be one of the fastest-growing fastener types in the aircraft industry in the coming five years to reach an estimated value of US$ 238.7 million in 2024. The market for aircraft blind bolts is gradually consolidating as the major companies are performing mergers & acquisitions to quickly gain the leading position in the market. For instance; TriMas Corporation, a leading global manufacturer of highly engineered aircraft products, acquired the Allfast Fastening Systems at a total purchase price of approximately US$ 360 million. After the acquisition of Allfast Fastening Systems; TriMas Corporation has become a leader in the aircraft blind bolts market.

Commercial aircraft to remain the most dominant aircraft segment

The aircraft blind bolts market is segmented based on the aircraft type as commercial aircraft, regional aircraft, helicopter, military aircraft, and general aviation. Commercial aircraft is expected to remain the largest and fastest-growing segment of the market during the forecast period. Increasing demand for blind fasteners over traditional fasteners; increasing production rates of key programs, such as B737, A320 family, B787, and A350XWB; market entry of new players, such as COMAC and Irkut; introduction of variants of existing best-selling aircraft programs, such as B737 max, A320neo, and B777X; and rising commercial aircraft fleet size across regions are the key factors propelling the demand for blind bolts in the commercial aircraft segment.

Airframe to remain most dominant application
Based on the application type, the aircraft blind bolts market is segmented as airframe, control surfaces, interior, engine, and others. The airframe application is expected to remain the most dominant segment of the market during the forecast period. The airframe is the largest structure in the aircraft where blind bolts are used in a wide array of applications including wings and fuselage, leading to its dominance in the market.

Titanium Blind Bolts to remain the largest segment
Based on the material type, the aircraft blind bolts market is segmented as titanium blind bolts, aluminum blind bolts, steel blind bolts, and other blind bolts. Titanium blind bolts are expected to remain the largest segment of the market during the forecast period and are also expected to witness the highest growth during the same period. There has been an incessant replacement of steel and other heavy metal-based blind bolts with titanium blind bolts, owing to their excellent performance at a relatively low weight.

North America to remain the largest market

North America is expected to remain the largest market for aircraft blind bolts during the forecast period. The USA is the growth engine of the region’s market with the presence of major aircraft OEMs, tier players, blind bolt suppliers, and end users. All the major blind bolt manufacturers have their presence in the region to address the emergent needs of the OEMs in order to be the partner for their upcoming aircraft programs or upcoming fuel-efficient variants of existing aircraft programs.

Top market players
The key players in the aircraft blind bolts market are TriMas Corporation, Arconic Inc., PCC Fasteners, LISI Aerospace, Stanley Black and Decker, Inc., and Kwikbolt Limited. Development of lightweight and durable aircraft blind bolts and execution of mergers & acquisitions are the key strategies adopted by the major players to gain a competitive edge in the market.

Why Stratview Research
Our 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:
● Aircraft Blind Bolts Market overview, industry life cycle analysis, supply chain analysis
● Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
● Market trend (2013 – 2018) and forecast analysis (2019-2024) of each segment.
● Competitors’ market share, product portfolio and new launches.
● Growth opportunities in each segment.
● Emerging trends which will decide the future course of development.
● Strategic growth opportunities for the existing and new players
● Key success factors.

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