Aircraft Blind Fasteners Market is Forecasted to Reach US$ 682 million in 2032, Says Stratview Research

The global aircraft blind fasteners market is projected to witness a growth rate of 5.0% annually from 2024 to 2032, with an anticipated size of US$ 682 million by 2032, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global aircraft blind 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$ 682 million
Growth (CAGR): 5.0% during 2024-2032
Forecast Period: 2024-2032
Trend Period: 2018-2022
Base Year: 2023
Number of Segments Covered: 6
Number of Tables & Graphs: 100+

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

Based on aircraft type - The aircraft blind fasteners market is segmented into commercial aircraft, regional aircraft, helicopters, military aircraft, and general aviation. Commercial aircraft are projected to remain both the dominant and fastest-growing aircraft type in the market during the forecast period. This dominance is attributed to their larger and more complex structures, which require many fasteners. Additionally, the increasing production rates of major programs like the B737 and A320, the anticipated entry of new aircraft programs such as the C919, B777x, and MC-21, and the growing commercial aircraft fleet size are expected to propel market growth further.

Based on the product type - The aircraft blind fasteners market is segmented into titanium, steel, aluminum, and others. Titanium is expected to continue as the leading and fastest-growing material type in the aircraft blind fasteners market over the next eight years. Its widespread adoption in aircraft is driven by numerous advantages, such as excellent compatibility with composite parts, superior corrosion resistance, exceptional mechanical properties, heat resistance, and a high strength-to-weight ratio.

Based on the application type - The aircraft blind fasteners market is segmented into the airframe, engine, flight control surfaces, interiors, and others. The airframe is expected to remain the primary driver of demand for blind fasteners in aircraft throughout the forecast period. As the largest structure in an aircraft, the airframe utilizes blind fasteners extensively in various applications, such as wings and fuselage, solidifying its dominant position in the market.

To know the most attractive segments, visit:
https://www.stratviewresearch.com/484/aircraft-blind-fasteners-market.html

Which Region Shows the Most Promising Growth Forecast and Opportunity?

The analysis suggests that Europe is anticipated to remain the largest market for aircraft blind fasteners during the forecast period. This growth outlook is majorly attributed to the following-
- The strong presence of leading aircraft OEMs such as Airbus.
- Airbus's commitment to increasing production rates for key aircraft programs like the A320, A330, and A350, backed by a substantial order backlog of 7,967 aircraft as of June 30, 2023, significantly contributes to market dominance.
- Additionally, Boeing's establishment of production facilities in the region and investments in new facilities further bolster Europe's market position.
- Asia-Pacific, on the other hand, is expected to exhibit the fastest growth during the same period.
- This growth is fueled by increasing demand for blind fasteners, supported by the opening of assembly plants by Boeing and Airbus in China for models like the B737, A330, and A320.
- Economies such as China and India are driving this growth, with rising passenger traffic spurring high demand for commercial aircraft across the region.

Aircraft Blind Fasteners Market Drivers:

Some of the key drivers listed in the report are given below.
- Increasing aircraft production.
- Rising demand for lightweight and high-strength fastening solutions.
- Increasing defense expenditures.
- The expansion of commercial aviation fleets.

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

What Unique Insights Does this Report Offer?

This report provides comprehensive insights into the Aircraft Blind 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

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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.