Aircraft Bolts Market is Forecasted to Reach US$ 541.9 million in 2028, Says Stratview Research

The global aircraft bolts market is projected to witness a growth rate of 7.5% annually from 2023 to 2028, with an anticipated size of US$ 541.9 million by 2028, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global aircraft bolts market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

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Report Highlights:
Market Size in 2028: US$ 541.9 million
Growth (CAGR): 7.5% during 2023-2028
Forecast Period: 2023-2028
Trend Period: 2017-2021
Base Year: 2022
Number of Segments Covered: 6
Number of Tables & Graphs: 100+

Segment Insights on the Aircraft Bolts Market:
The global aircraft bolts market is segmented based on aircraft type, bolt type, application type, material type, end-user type, and region.

Based on aircraft type - The aircraft bolts market is segmented into commercial aircraft, regional aircraft, helicopters, military aircraft, and general aviation.
Commercial aircraft is expected to remain the largest and fastest-growing aircraft type in the market during the forecast period. Both Boeing and Airbus are raising the production rates of their respective best-selling commercial aircraft programs. Further, there is also an increase in the production rate of key aircraft programs B787 and A350XWB, the expected entry of new aircraft programs (C919, B777x, and MC-21), and the rising fleet size of commercial aircraft, which is further expected to spur the growth of the segment.

Based on the bolt type - The market is segmented into general bolt and blind bolt.
General bolt is expected to remain the dominant bolt type in the market during the forecast period. General bolts are versatile fasteners that can be used in a wide range of applications within an aircraft. Their generic design and usability make them suitable for various components and panels. However, blind bolts are likely to experience the fastest growth during the forecast period owing to an increase in the preference for blind bolts over traditional bolts.

Based on the application type - The market is segmented into airframes, flight control surfaces, interiors, engines, and others.
Airframe is expected to remain the dominant application type in the market during the forecast period. The airframe is the largest structure, and it is made up of a variety of components that are held together with bolts and nuts. Airframe requires frequent inspection and repair, which often involves the replacement of bolts. This ongoing need for maintenance and repair will further contribute to the demand for bolts in the airframe segment.

Based on the material type - The market is segmented into titanium, steel, and others.
Titanium is expected to remain the dominant material type in the market during the forecast period due to its lightweight, high strength-to-weight ratio, and corrosion-resistant properties. This is crucial for aircraft, as reducing weight can improve fuel efficiency and increase payload capacity. Titanium bolts provide reliable and long-lasting fastening solutions, which are further expected to drive market growth during the forecast period.

To know the most attractive segments, visit:
https://www.stratviewresearch.com/3579/aircraft-bolts-market.html

Which Region Shows the Most Promising Growth Forecast and Opportunity?

The analysis suggests that North America is expected to remain the largest market for aircraft bolts during the forecast period. This growth outlook is majorly attributed to the following-
- The region is the manufacturing capital of the aircraft industry, with the presence of several large- to small-sized aircraft OEMs, tier players, bolt manufacturers, and distributors.
- The USA is the key source of growth.

Aircraft Bolts Market Drivers:

Some of the key drivers listed in the report are given below.
- The key factors impacting the growth of the market are the organic growth of the aircraft industry coupled with the development of lightweight and corrosion-resistant bolts, rising aircraft fleet size, an increase in the production rates of the key aircraft programs, including the A320neo, B737 Max, A220, B787, and A350XWB, and the market entry of new players, such as COMAC and Irkut.

Top Companies in the Aircraft Bolts Market:
Stratview Research has identified the following companies as the top market players (Based on Dominance).
• Howmet Aerospace
• LISI Aerospace
• National Aerospace Fasteners Corporation
• Precision Castparts Corp.
• Stanley Black and Decker, Inc.
• TriMas Corporation.

What Unique Insights Does this Report Offer?

This report provides comprehensive insights into the Aircraft Bolts Market, answering critical questions like:

• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?

For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - sales@stratviewresearch.com

Related Reports:

• Aircraft Blind Bolts Market: https://www.stratviewresearch.com/460/Aircraft-Blind-Bolts-Market.html

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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.

This release was published on openPR.