Aircraft Interior Fasteners Market estimated to reach US$ 644.4 million in the forecast period (2019-2024)

The report on the Aircraft Interior Fasteners Market has been launched by Stratview Research is an all-inclusive report that talks about the market structure and growth in the forecast period of 2019-2024. The report also offer insights into different market segments and other factors affecting the market.

Stratview Research’s report states about the segment-wise current market condition, and also offers an estimation about future growths. The report has been generated after accumulating data from various authenticated sources such as journals, white papers, fact book, etc. As per the estimation, Aircraft Interior Fasteners Market is expected to reach US$ 644.4 million by the forecast period (2019 – 2024).

As per the report, the market is segmented by:
●by Aircraft Type (Commercial Aircraft, Regional Aircraft, and Others) – Commercial aircraft will remain the growth engine of the market.
●by Application Type (Seats, Galleys, and Others) – Seating will remain the dominant application.
●by Fasteners Type (Screws, Bolts, and Others)
●by Material Type (Aluminum Fasteners, Steel Fasteners, and Others)
●by End-User Type (OE and Aftermarket)
●and by Region (North America, Europe, Asia-Pacific, and RoW) – North America to remain the largest market.

Table Of Contents: https://www.stratviewresearch.com/toc/343/Aircraft-Interior-Fasteners-Market.html

Highlights of the Report:
Aircraft fasteners are broadly categorized as male and female fasteners. Screw, bolts, rivets, and studs are a part of male fasteners, whereas nut and inserts are the major types of female fasteners.

Based on the fastener type, the aircraft interior fasteners market is segmented into screws, bolts, nuts, potted-in inserts, panel fasteners, and others. Screws dominate the market and are estimated to remain the most dominant fastener type in the market in the coming five years. The interior section of an aircraft does not require permanent joints, such as riveting, owing to the fact that airliners refurbish the entire interiors periodically.

The global aircraft interior fasteners market is segmented based on the aircraft type as Commercial Aircraft, Regional Aircraft, General Aviation, and Military Aircraft. Commercial aircraft is expected to remain the growth engine of the aircraft interior fasteners market during the forecast period of 2019 to 2024. Boeing and Airbus are increasing the production rates of their best-selling commercial aircraft programs in order to meet a huge pile of order backlogs. Also, COMAC and Irkut are entering the commercial aircraft industry with their C919 and MC-21 aircraft programs. Boeing anticipated that there would be total deliveries of 40,410 commercial aircraft worth US$ 6.25 trillion in the global marketplace during 2018-2037. This factor will create a sustainable demand for fasteners for commercial aircraft interiors globally in the foreseeable future.

On the basis of the application type, the aircraft interior fasteners market is segmented as Seats, Galleys, Ducts, Stowage Bins, Lavatories, Floor Panels, Sidewall Panels, Door & Windows, and Others. Seat is expected to remain the dominant application of fasteners in aircraft interiors in the coming five years, driven by a large number of seats per aircraft and a gradual inclination of airliners towards economy-class and premium-economy class seats by shying away from first-class seats.

Based on the regions, North America is expected to remain the largest aircraft interior fasteners market during the forecast period. The region is the manufacturing capital of the aerospace industry with the presence of many large- and small-sized tier players and fastener manufacturers. Furthermore, stricter emission norms have led to faster adoption of lighter aerospace-grade fasteners in the region. The USA is not only the largest region’s market but is also the largest market in the world.

Asia-Pacific is likely to depict the highest growth during the forecast period with China, Japan, and India being the key sources of growth. Substantial growth in the air passenger and freight traffic in China and India are compelling aircraft manufacturers and tier players to open their manufacturing plants in the region. Also, both countries are incessantly increasing their defense budget with the purpose to acquire the latest military aircraft to solidify their defense capabilities. This, in turn, will create a healthy demand for fasteners in these countries in the coming years. The involvement of Japanese conglomerates to become the risk-sharing partners in the next-generation commercial aircraft and upcoming indigenous regional aircraft (Mitsubishi MRJ) will further boost the demand for fasteners in aircraft interiors in the region.

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Key Players of the Market
The key raw material suppliers for aircraft interior fasteners are Alcoa, Cytec Engineered Materials, and Nucor Corporation; whereas some of the major tier players are Zodiac Aerospace (now part of Safran, B/E Aerospace (now part of Collins Aerospace), Triumph Group, and Gill Corporation.

Features of the Report
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. Here are the key features of the report:
• Strategic Segmentation
• Competitive Analysis
• Strategic Growth Opportunities
• Swot Analysis
• Key Players
• Forecast Analysis & Future Growth

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This release was published on openPR.