Aircraft Fasteners Market is Forecasted to Reach US$ 9.1 billion in 2032, Says Stratview Research

The global aircraft fasteners market is projected to witness a growth rate of 2.0% annually from 2024 to 2032, with an anticipated size of US$ 9.1 billion by 2032, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global aircraft fasteners 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 2032: US$ 9.1 billion
Growth (CAGR): 2.0% during 2024-2032
Forecast Period: 2024-2032
Trend Period: 2018-2022
Base Year: 2023
Number of Segments Covered: 7
Number of Tables & Graphs: 100+

Segment Insights on the Aircraft Fasteners Market:
The global aircraft fasteners market is segmented based on aircraft type, product type, fastener type, application type, material type, end-user type, and region.

Based on aircraft type - The aircraft fasteners market is segmented into commercial aircraft, regional aircraft, helicopters, military aircraft, and general aviation. Commercial aircraft is anticipated to dominate the market as both the largest and fastest-growing segment during the forecast period. Key drivers of this growth include increased production rates of major aircraft programs, the launch of fuel-efficient commercial models, the introduction of new programs such as the C919, B777x, and MC-21, and the expanding global aircraft fleet.

Based on the product type - The market is segmented into bolts, rivets, nuts, screws, pin fastening systems, and other product types. Nuts are projected to remain the dominant product type in the market during the forecast period, primarily due to their extensive use in aircraft assembly, where they are paired with bolts or screws to secure structural components. In contrast, rivets are expected to witness the fastest growth over the next eight years, driven by their benefits, including high strength, durability, resistance to vibration, quick installation, reliability, and ease of inspection and maintenance.

Based on the fastener type - The market is segmented into specialty fasteners and non-specialty fasteners. Non-specialty fasteners are projected to remain the dominant fastener type in the market during the forecast period due to their cost-effectiveness compared to specialized options. However, specialty fasteners are anticipated to witness the fastest growth during this period, driven by advantages such as quicker assembly and suitability for surfaces that cannot accommodate holes. These benefits are prompting airframers, notably Airbus, to transition from traditional fasteners to specialty options, particularly blind fasteners.

Based on the application type - The market is segmented into the airframe, flight control surfaces, interior, engine, and other application types. The airframe segment is anticipated to remain the most dominant in the market during the forecast period. As the largest structure in an aircraft, the airframe comprises various components secured with fasteners. Regular inspection and repair of the airframe, often necessitating fastener replacement, are key factors driving the market growth in this segment.

Based on the material type - The market is segmented into titanium, steel, and other material types. Titanium is projected to remain the leading material type in the market throughout the forecast period. The ongoing replacement of steel and other heavy metal-based fasteners with titanium fasteners is driven by their lightweight nature, excellent strength-to-weight ratio, and corrosion resistance. These properties are particularly important in aircraft, where weight reduction enhances fuel efficiency and payload capacity. Additionally, titanium fasteners offer reliable and durable fastening solutions, further contributing to market growth during the forecast period.

To know the most attractive segments, visit:
https://www.stratviewresearch.com/3580/aircraft-fasteners-market.html

Which Region Shows the Most Promising Growth Forecast and Opportunity?

The analysis suggests that North America is projected to remain the leading market in the coming years, while the Asia-Pacific region is expected to experience the fastest growth. This growth outlook is majorly attributed to the following-
- The region's primary growth driver, the USA boasts the world's largest fleet of military aircraft and one of the largest commercial fleets. Key OEMs in the USA, including Boeing, Lockheed Martin, Bell Helicopter, Gulfstream Aerospace Corporation, and Cessna Aircraft Company, contribute significantly to the demand for fasteners.
- China and India are the main drivers of this growth, fueled by increasing demand for commercial aircraft to meet rising passenger traffic, the establishment of assembly plants for Boeing and Airbus in China, and the upcoming launch of the indigenous COMAC C919 commercial aircraft.

Aircraft Fasteners Market Drivers:

Some of the key drivers listed in the report are given below.
- Rising global air travel, increasing aircraft production, and growing demand for lightweight, high-strength materials.
- Advancements in aerospace manufacturing, expansion of defense aviation, and stringent safety regulations.
- Emerging economies' fleet expansion and MRO activities also contribute to market demand..

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

What Unique Insights Does this Report Offer?

This report provides comprehensive insights into the Aircraft Fasteners 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 Screw Market: https://www.stratviewresearch.com/476/aircraft-screws-market.html

• Aircraft Rivets Market: https://www.stratviewresearch.com/3581/aircraft-rivets-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.
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