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Aerospace Fasteners Market Forecast 2025-2034: Comprehensive Analysis And Growth Opportunities
The Aerospace Fasteners Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].What Is the Projected Growth of the Aerospace Fasteners Market?
The market size for aerospace fasteners has seen a swift expansion in the recent past. By 2024, it is expected to reach $8.19 billion and then further increase to $9.1 billion in 2025, with a compound annual growth rate (CAGR) of 11.1%. This substantial growth during the historic period is credited to factors such as the expansion of the aerospace industry, updates to military programs, globalisation of aerospace supply chains, commercial aircraft orders, and strict safety and quality standards.
Anticipated robust expansion is predicted for the aerospace fasteners market in the upcoming years, with a projection to reach a market value of $12.8 billion by 2029. This growth is expected to occur at a Compound Annual Growth Rate (CAGR) of 8.9%. Factors contributing to this growth during the forecast period include the surge in air passenger traffic, the development of next-generation aircraft, burgeoning markets for air travel, space exploration initiatives, and sustainable aviation drives. Significant trends observed during the forecast period encompass the digital transformation in manufacturing, research and development in lightweight materials, the amalgamation of smart fastening technologies, the use of titanium fasteners and composite materials.
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What Are the Different Aerospace Fasteners Market Segments?
The aerospace fasteners market covered in this report is segmented -
1) By Product: Screws, Nuts and Bolts, Washers, Rivets
2) By Platform: Fixed Wing Aircraft, Rotary Wing Aircraft
3) By Material: Aluminum, Titanium, Alloy Steel
4) By End-Use: Commercial, Defense
Subsegments:
1) By Screws: Machine Screws, Self-Tapping Screws, Specialty Screws
2) By Nuts And Bolts: Hex Nuts, Lock Nuts, Structural Bolts
3) By Washers: Flat Washers, Lock Washers, Belleville Washers
4) By Rivets: Solid Rivets, Blind Rivets, Semi-Tubular Rivets
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What Are the Primary Drivers Shaping the Aerospace Fasteners Market?
The rise in global air travel mirrors the rising living standards and greater disposable income of individuals over time. The International Civil Aviation Organization, for example, anticipates that passenger traffic and freight volume will double by 2035. Therefore, escalating need for air travel has fueled a surge in aircraft production, promoting growth in the aerospace fasteners market.
Which Companies Are Leading in the Aerospace Fasteners Market?
Major companies operating in the aerospace fasteners market include 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 Major Trends Shaping the Aerospace Fasteners Market?
A significant trend emerging in the aerospace fastener market is the escalating adoption of super alloys. These super alloys are characterized by their impressive mechanical strength, thermal creep deformation resistance, stable surface, and resilience against corrosion or oxidation. Focusing on this trend, SPS Technologies has incorporated the use of superalloys, creating the MP35N - the premier fastener superalloy. The MP35N offers an unmatched blend of high strength and superior corrosion resistance, able to maintain these properties even at temperatures as high as 750 °F.
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What Are the Top Revenue-Generating Geographies in the Aerospace Fasteners Market?
Europe was the largest region in the aerospace fasteners market in 2024. Asia-Pacific is expected to be the fastest-growing region in the aerospace fasteners market share during the forecast period. The regions covered in the aerospace fasteners market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Aerospace Fasteners Market?
2. What is the CAGR expected in the Aerospace Fasteners Market?
3. What Are the Key Innovations Transforming the Aerospace Fasteners Industry?
4. Which Region Is Leading the Aerospace Fasteners Market?
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