Aerospace Fasteners Market to Display Prominent Growth with Increasing Demand from Defense Sector: 2024-2032

The global aerospace fasteners market was valued at USD 6.78 billion in 2023 and is expected to grow from USD 7.20 billion in 2024 to USD 12.76 billion by 2032, reflecting a compound annual growth rate (CAGR) of 7.42% over the forecast period. In 2023, North America led the market, accounting for a 40.27% share of the global aerospace fasteners industry.

Aerospace fasteners are specialized components essential in aircraft and spacecraft construction, holding together various parts with precision and reliability. These fasteners are designed to withstand extreme conditions, including high levels of vibration, fluctuating temperatures, and intense mechanical stress. They play a crucial role in maintaining structural integrity and safety throughout the vehicle's lifespan. Aerospace fasteners come in diverse types, such as bolts, screws, rivets, and nuts, each tailored for specific applications based on factors like material compatibility, load-bearing capacity, and ease of installation.

𝐆𝐞𝐭 𝐀 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐁𝐫𝐨𝐜𝐡𝐮𝐫𝐞:
https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/aerospace-fasteners-market-101582

𝐋𝐢𝐬𝐭 𝐨𝐟 𝐊𝐞𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 𝐌𝐞𝐧𝐭𝐢𝐨𝐧𝐞𝐝 𝐢𝐧 𝐭𝐡𝐞 𝐀𝐞𝐫𝐨𝐬𝐩𝐚𝐜𝐞 𝐅𝐚𝐬𝐭𝐞𝐧𝐞𝐫𝐬 𝐌𝐚𝐫𝐤𝐞𝐭:

‣ B&B Specialties Inc. (U.S.)
‣ Boeing Distribution Services Ins. (U.S.)
‣ HC Merchandisers, Inc. (HC Pacific) (U.S.)
‣ Howmet Aerospace Inc. (U.S.)
‣ LISI Aerospace (France)
‣ M.S Aerospace (U.S.)
‣ National Aerospace Fasteners Corporation (Taiwan)
‣ Stanley Black & Decker, Inc. (U.S.)
‣ TFI Aerospace Corporation (Canada)
‣ TPS Aviation Inc. (U.S.)
‣ TriMas Corporation (U.S.)
‣ Wurth Group (Germany)

𝐂𝐎𝐕𝐈𝐃-𝟏𝟗 𝐈𝐦𝐩𝐚𝐜𝐭
𝐑𝐢𝐬𝐢𝐧𝐠 𝐑𝐢𝐬𝐤 𝐨𝐟 𝐄𝐱𝐩𝐨𝐬𝐮𝐫𝐞 𝐭𝐨 𝐭𝐡𝐞 𝐂𝐎𝐕𝐈𝐃-𝟏𝟗 𝐇𝐚𝐦𝐩𝐞𝐫𝐞𝐝 𝐏𝐫𝐨𝐝𝐮𝐜𝐭 𝐃𝐞𝐦𝐚𝐧𝐝
The onslaught of the COVID-19 pandemic hampered the growth of aerospace fasteners due to the disruption in the supply of raw materials. Rising risk of exposure to the COVID-19 virus will further dent the forecast period. With the occurrence of the Russia-Ukraine war has led to a dearth of essential raw materials, which impeded the demand for aerospace fasteners to a great extent. Meanwhile, to overcome the new challenges, key players are adopting multiple strategies that will augur well for industry participants gearing to boost their portfolios.

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧 - 𝐀𝐞𝐫𝐨𝐬𝐩𝐚𝐜𝐞 𝐅𝐚𝐬𝐭𝐞𝐧𝐞𝐫𝐬 𝐌𝐚𝐫𝐤𝐞𝐭
𝐁𝐲 𝐏𝐫𝐨𝐝𝐮𝐜𝐭, 𝐑𝐢𝐯𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭 𝐭𝐨 𝐇𝐨𝐥𝐝 𝐭𝐡𝐞 𝐋𝐚𝐫𝐠𝐞𝐬𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐡𝐚𝐫𝐞 𝐎𝐰𝐢𝐧𝐠 𝐭𝐨 𝐈𝐭𝐬 𝐔𝐭𝐢𝐥𝐢𝐭𝐲 𝐢𝐧 𝐀𝐞𝐫𝐨 𝐒𝐭𝐫𝐮𝐜𝐭𝐮𝐫𝐞𝐬
On the basis of product, the market is categorized into screws, nuts & bolts, rivets, and others. The rivet product segment is expected to hold the lion's share during the forecast period due to its growing utility in aero structures.

𝐁𝐲 𝐌𝐚𝐭𝐞𝐫𝐢𝐚𝐥 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬, 𝐀𝐥𝐮𝐦𝐢𝐧𝐮𝐦 𝐦𝐚𝐭𝐞𝐫𝐢𝐚𝐥 𝐒𝐞𝐠𝐦𝐞𝐧𝐭 𝐃𝐨𝐦𝐢𝐧𝐚𝐭𝐞 𝐚𝐬 𝐈𝐭 𝐢𝐬 𝐂𝐡𝐞𝐚𝐩𝐞𝐫
Depending on the material, the market is segmented into aluminum, steel, superalloys, and titanium. The Aluminum material segment is expected to dominate as they are cheaper than other materials.

𝐁𝐲 𝐩𝐥𝐚𝐭𝐟𝐨𝐫𝐦, 𝐅𝐢𝐱𝐞𝐝-𝐖𝐢𝐧𝐠 𝐒𝐞𝐠𝐦𝐞𝐧𝐭 𝐭𝐨 𝐆𝐞𝐧𝐞𝐫𝐚𝐭𝐞 𝐇𝐢𝐠𝐡 𝐑𝐞𝐯𝐞𝐧𝐮𝐞 𝐎𝐰𝐢𝐧𝐠 𝐭𝐨 𝐇𝐢𝐠𝐡 𝐃𝐞𝐦𝐚𝐧𝐝
In terms of the platform, the market is segmented into rotary-wing aircraft and fixed-wing. The fixed-wing segment is anticipated to remain at the forefront throughout the forecast period due to the surging demand for commercial aircraft.

𝐆𝐞𝐭 𝐚 𝐐𝐮𝐨𝐭𝐞 𝐍𝐨𝐰:
https://www.fortunebusinessinsights.com/enquiry/get-a-quote/aerospace-fasteners-market-101582

𝐑𝐞𝐩𝐨𝐫𝐭 𝐂𝐨𝐯𝐞𝐫𝐚𝐠𝐞
The report provides insights into the regional analysis covering different regions, contributing to the market's growth. The report includes qualitative and quantitative analysis of several factors, such as the key drivers and restraints that will impact the market. Adopting strategies by major players to introduce partnerships, collaboration, and new products will contribute to the market's growth.

𝐃𝐫𝐢𝐯𝐞𝐫𝐬 & 𝐑𝐞𝐬𝐭𝐫𝐚𝐢𝐧𝐭𝐬
𝐆𝐫𝐨𝐰𝐢𝐧𝐠 𝐔𝐭𝐢𝐥𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐨𝐟 𝐑𝐨𝐛𝐨𝐭𝐢𝐜𝐬 𝐰𝐢𝐥𝐥 𝐅𝐚𝐯𝐨𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐆𝐫𝐨𝐰𝐭𝐡
Owing to the growing utilization of 3D printing and robotics technology with the aim of getting a high degree of accuracy and reduced dependency on humans has spurred the aerospace fasteners market share during the projected period. Another prominent reason that accentuates the demand for the product is the rise in travel & tourism and air traffic.
Meanwhile, the increasing popularity of composite materials in the aviation industry could hamper the aerospace fasteners market growth.

𝐀𝐬𝐤 𝐟𝐨𝐫 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧:
https://www.fortunebusinessinsights.com/enquiry/ask-for-customization/aerospace-fasteners-market-101582

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬
𝐒𝐮𝐫𝐠𝐢𝐧𝐠 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭𝐬 𝐢𝐧 𝐑&𝐃 𝐀𝐜𝐭𝐢𝐯𝐢𝐭𝐢𝐞𝐬 𝐅𝐨𝐬𝐭𝐞𝐫𝐬 𝐆𝐫𝐨𝐰𝐭𝐡 𝐢𝐧 𝐭𝐡𝐞 𝐍𝐨𝐫𝐭𝐡 𝐀𝐦𝐞𝐫𝐢𝐜𝐚
North America held a strong grip on the aerospace fasteners market share and is expected to lead the market during the projected period due to the surging investments in R&D activities across the region.
European's aerospace fastener market accounts for the second-highest market share and is also likely to maintain its strong foothold across the region. The growth is expected to be aided by the presence of leading aircraft manufacturers such as Airbus SE, Dassault Aviation, and Leonardo SPA.

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞
𝐓𝐨𝐩 𝐆𝐢𝐚𝐧𝐭𝐬 𝐚𝐫𝐞 𝐢𝐧𝐯𝐞𝐬𝐭𝐢𝐧𝐠 𝐢𝐧 𝐌𝐮𝐥𝐭𝐢-𝐒𝐩𝐞𝐜𝐢𝐚𝐥𝐭𝐲 𝐓𝐨𝐨𝐥𝐬 𝐚𝐧𝐝 𝐒𝐮𝐩𝐞𝐫𝐚𝐥𝐥𝐨𝐲𝐬 𝐭𝐨 𝐟𝐨𝐫𝐭𝐢𝐟𝐲 𝐭𝐡𝐞𝐢𝐫 𝐏𝐨𝐬𝐢𝐭𝐢𝐨𝐧
Prominent firms such as LISI Aerospace, TriMas Corporation, HC Merchandisers, and National Aerospace Fasteners Corporation will likely invest in product developments such as multi-speciality tools and superalloys with an aim to shape the competitive landscape. The Wurth Group and The Boeing Company are poised to lead the marketplace on account of their global presence.

𝐒𝐩𝐞𝐚𝐤 𝐭𝐨 𝐎𝐮𝐫 𝐄𝐱𝐩𝐞𝐫𝐭:
https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/aerospace-fasteners-market-101582

𝐊𝐞𝐲 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭
August 2021: Safran Aircraft Engines gave the certification to Qualified Aerospace forging to develop high value-added precision manufacturing capabilities along with refining its process technology for aerospace machined products.

𝐑𝐞𝐚𝐝 𝐑𝐞𝐥𝐚𝐭𝐞𝐝 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬:
Airborne Fire Control Radar Market
https://www.fortunebusinessinsights.com/airborne-fire-control-radar-market-104048

Aircraft Sensors Market
https://www.fortunebusinessinsights.com/industry-reports/aircraft-sensors-market-101816

Aerospace Robotics Market
https://www.fortunebusinessinsights.com/aerospace-robotics-market-103324

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This release was published on openPR.