Press release
Global Aerospace Fasteners Market: Surging to $12.8 Billion by 2029 Driven by Rising Air Travel and Adoption of Smart Technologies
Aerospace Fasteners Market Growth
Emerging markets for air travel, increasing aerospace supply chains and stringent safety and quality standards are driving the global aerospace fasteners market. With an expected CAGR of 8.9%, this sector is set to reach $12.8 billion by 2029.
What is the Projected Market Size of the Global Aerospace Fasteners Market and its Growth Rate?
•The aerospace fasteners market size was $8.19 billion in 2024 and is projected to reach $9.1 billion in 2025 at a CAGR of 11.1%.
•This growth is being influenced by numerous factors such as aerospace industry growth, military modernization programs, commercial aircraft orders and globalization of aerospace supply chains.
•By 2029, this market is expected to reach $12.8 billion with a CAGR of 8.9%.
•The forecasted growth can be attributed to factors like rising air passenger traffic, next-generation aircraft, emerging markets for air travel, space exploration programs and sustainable aviation initiatives.
What is Driving the Growth in the Aerospace Fasteners Market?
The global air travel industry has witnessed substantial growth owing to improved living standards and increased disposable income. According to the International Civil Aviation Organization (ICAO), both passenger traffic and freight volume are expected to double by 2035. This surge in demand for air travel has stimulated aircraft manufacturing and thereby, propelled the aerospace fasteners market.
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Who Are the Key Players Driving Aerospace Fasteners Market Growth?
•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
What Are the Key Trends in the Aerospace Fasteners Market?
•Digitalization in manufacturing
•R&D in lightweight materials
•Integration of smart fastening technologies
•Use of titanium fasteners
•Use of composite materials
What Are the Segments of The Global Aerospace Fasteners Market?
•By Product: Screws, Nuts and Bolts, Washers, Rivets
•By Platform: Fixed Wing Aircraft, Rotary Wing Aircraft
•By Material: Aluminum, Titanium, Alloy Steel
•By End-Use: Commercial, Defense
Which Region Leads the Aerospace Fasteners Market?
Europe was the largest region in the aerospace fasteners market in 2024. However, it is expected that the Asia-Pacific region will be the fastest-growing region in the market share during the forecasted period. The aviation sectors across Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa are included in the aerospace fasteners market report.
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What Is Covered In The Aerospace Fasteners Market Global Market Report?
- Market Size Analysis: Analyze the Aerospace Fasteners Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Aerospace Fasteners Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Aerospace Fasteners Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Aerospace Fasteners Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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