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Aerospace Fasteners Market Analysis 2024-2033 : Forecast Market Size, Top Segments And Largest Region | Boeing Company, Wurth Group, Stanley Black & Decker Inc., Illinois Tool Works Inc., Allegis Corp
Aerospace Fasteners Global Market Report 2024
As per the report, the aerospace fasteners market size has grown rapidly in recent years. It will grow from $7.51 billion in 2023 to $8.36 billion in 2024 at a compound annual growth rate (CAGR) of 11.3%. The aerospace fasteners market size is expected to see strong growth in the next few years. It will grow to $12.15 billion in 2028 at a compound annual growth rate (CAGR) of 9.8%.
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Rapid Growth In Air Travel Stimulates Aerospace Fasteners Market Expansion
The global air travel industry has increased rapidly as the standard of living of people has improved and their disposable income has also gone up over a period. For instance, according to the International Civil Aviation Organization, passenger traffic and freight volume are expected to double by 2035. Thus, increased demand for air travel pushed aircraft manufacturing, driving the growth of the aerospace fasteners market.
Adoption Of Super Alloys Elevates Aerospace Fastener Market Standards
The increase in use of super alloys is a key trend gaining popularity in the aerospace fastener market. Super alloys have high mechanical strength, resistance to thermal creep deformation, good surface stability, and resistance to corrosion or oxidation. For instance, SPS Technologies has adopted the super alloys and developed the MP35N as the first fastener superalloy. It provides the unique combination of high strength and outstanding corrosion resistance, with a 750 °F temperature capability.
The aerospace fasteners market covered in this report is segmented -
1) By Product: Screws, Nuts and Bolts, Washers, Rivets
2) By Platform: Fixed Wing Aircraft, Rotary Wing Aircraft
3) By Material: Aluminum, Titanium, Alloy Steel
4) By End-Use: Commercial, Defense
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Major companies operating in the aerospace fasteners market report are Boeing Company, Wurth Group, Stanley Black & Decker Inc., Illinois Tool Works Inc., Allegis Corp., Alcoa Corp., Arconic Inc., TFI Aerospace Corporation, Precision Castparts Corp., Collison-Goll Ltd., Howmet Aerospace Inc., B/E Aerospace Inc., SPS Technologies Ltd., TriMas Corp., LISI Aerospace SAS, National Aerospace Fasteners Corporation, TPS Aviation Inc., B&B Specialities Inc., Consolidated Aerospace Manufacturing LLC, Binder Metal Products Inc., MS Aerospace, C & L Rivet Company Inc., ZAGO Manufacturing Co. Inc., Peninsula Components Inc., FSL Aerospace Ltd., Allfast Fastening Systems Inc., Cherry Aerospace, Aerodyne Group, AirBoss Group Inc.
Contents of the report:
1. Executive Summary
2. Aerospace Fasteners Market Report Structure
3. Aerospace Fasteners Market Trends And Strategies
4. Aerospace Fasteners Market - Macro Economic Scenario
5. Aerospace Fasteners Market Size And Growth
…..
27. Aerospace Fasteners Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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