Aircraft Nuts Market Set to Reach US$ 1.8 Billion by 2032, Reports Stratview Research

Stratview Research, a leading global market research firm, forecasts that the global aircraft nuts market will grow at an annual rate of 2.9%, reaching US$ 1.8 billion by 2032. The report provides a detailed outlook on regional and global markets, emerging trends, segment analysis, competitive landscape, and key market drivers.

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Key Report Highlights:
• Market Size by 2032: US$ 1.8 billion
• Growth Rate (CAGR): 2.9% (2024-2032)
• Forecast Period: 2024-2032
• Trend Period: 2018-2022
• Base Year: 2023
• Segments Covered: 7
• Number of Tables & Graphs: 100+

The report serves as a comprehensive decision-making tool for key stakeholders such as CXOs, business strategists, and investors, offering:
• Strategic Clarity: Insights into market trends, growth opportunities, and emerging challenges to streamline business strategies.
• Competitive Intelligence: Analysis of top players, their market positioning, and innovative strategies driving their success.
Future Readiness: A detailed outlook on evolving market dynamics, technological advancements, and industry disruptions.

Segment Insights on the Aircraft Nuts Market:
The report dives deep into the segmentation of the aircraft nuts market based on critical parameters:

• By Aircraft Type: The market is segmented into commercial aircraft, military aircraft, helicopter, regional aircraft, and general aviation. Commercial aircraft lead due to high passenger demand and frequent maintenance needs. Larger fleet sizes and higher usage frequency in commercial aviation, compared to military or general aviation, also contribute significantly to its dominance in the market. All the leading players, namely Howmet Aerospace, Lisi Aerospace, and PCC Corp., supply fasteners, nuts, rivets, etc. for major aircraft programs such as A350, A320, A330, B777, B787, and B737.
In 2024, Boeing and Airbus delivered 1,114 aircraft (Boeing delivered 348 aircraft and Airbus delivered 766 aircraft), a 12% decline from 2023 deliveries (1,263 aircraft delivered in 2023, Boeing delivered 528 aircraft and Airbus delivered 735 aircraft).

• By Application Type: The market has been segmented into airframe, engine, flight control surfaces, interiors, and other applications. Airframe is likely to remain at the forefront throughout the study period. The airframe is the central framework of the aircraft, consisting of the fuselage, wings, empennage (tail section), and landing gear. Nuts are used in various airframe applications where secure fastening is essential, such as in joints & braces and panels & skins. The fuselage is the biggest section of the airframe, a typical narrow-body aircraft fuselage has a length of about 33.6 meters and a height of about 4 meters. It deploys hundreds of thousands to millions of fasteners. The fuselage houses the crew, passengers, and cargo, and nuts secure the panels, frame assemblies, and structural elements like the vertical stabilizer or horizontal stabilizer. With the growing interest in titanium parts, owing to their lightweight and galvanic compatibility with composite structures, there is a rising demand for titanium nuts in airframe applications.

• By Nut Type: The market has been segmented into wrenchable nuts, barrel nuts, nut plates, and other nuts. Wrenchable nuts are likely to remain the largest as well as the fastest-growing nut type during the forecast period. Wrenchable nuts are standard nuts with a threaded design that can be tightened and loosened using a wrench, offering a reliable and easily accessible fastening method. They are commonly used in aircraft structural assemblies, engine mounts, landing gear, and control linkages, where secure and precise fastening is required. Landing gear to fuselage, engine pods to wings, and nacelle and fuel tank attachments are typical of the many places barrel nuts are used.

• By Material Type: The market has been segmented into steel nuts, titanium nuts, aluminum nuts, and other nuts. Steel nuts are likely to maintain their dominance in the market throughout the study period. The aerospace industry primarily relies on alloy steel and stainless steel for their strength, durability, and corrosion resistance. Among stainless steels, 304 and 316 grades are the most widely used grades due to their high performance, excellent resistance to harsh environments, and reliability in critical applications. CRES series C300 stainless steel is a popular choice for aerospace fastener covers, screws, bolts, and nuts due to its high strength and corrosion resistance. However, its heat resistance is relatively low, making it more suitable for applications where extreme temperatures are not a primary concern. Fasteners used in aero-engines differ from those used in airframes or interiors as they have to withstand extreme temperature and pressure environments. Apart from titanium nuts, A286 alloy nuts are widely used in aircraft engines. These alloys are well known for their excellent oxidation resistance at elevated temperatures. Good compatibility exists between titanium and composite structures, creating a shift in industry players to switch toward titanium nuts despite their high cost.

• By Locking Type: The market has been segmented into self-locking nuts and non-self-locking nuts. Self-locking nuts took the throne in the market during 2024 and are likely to maintain their lead during the forecast period. Self-locking nuts are widely used in aircraft to prevent loosening due to vibration, stress, and temperature variations. Key applications of self-locking nuts are engine components: all-metal lock nuts resist heat and vibration in engine nacelles, firewalls, and exhaust systems; landing gear: used in shock-absorber assemblies and wheel fasteners for high-load conditions; control surfaces: found in flaps, rudders, and stabilizers to ensure secure connections in dynamic loads; fuselage & wing structures: fastens structural joints, skin panels, and access covers; and avionics & interiors: nylon-insert nuts secure electrical components and cabin fittings.

• By End-User Type: The market is segmented into OE and aftermarket. OE is estimated to maintain its momentum, driven by upcoming aircraft programs, rising air passenger traffic, and huge order backlogs at the leading aircraft giants. Aerospace & defense equipment, including aircraft and military vehicles, are designed to operate over extended periods. As these assets age, they require regular maintenance and replacement of parts, including nuts, to ensure continued reliability and performance. A significant portion of the global aircraft fleet is aging, which increases the frequency of maintenance and the need for replacement parts, driving demand in the aftermarket.

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Which Region Shows the Most Promising Growth Forecast and Opportunity?
North America is expected to remain the largest market during the forecast period. Despite several setbacks faced by Boeing over the past several years, North America still manages to maintain its leading position in the market. Airbus and its continuous success over the past couple of years are inevitably one of the key driving forces behind Europe's second position. The USA to drive North America's market, France and Germany to fuel Europe's market, and China and India to impact Asia-Pacific's market. A strong geographical foothold of leading players exists across regions. India, China, and the USA remain the thrust-bearers of the market in the long run.

Aircraft Nuts Market Drivers:
The growth of the aircraft nuts market is driven by a combination of macroeconomic factors, evolving industry needs, and technological innovation. Companies are recognizing the need to adapt to shifting market dynamics and are increasingly investing in research, product development, and strategic alliances to maintain their market edge.
Some of the key factors producing measurable change in the market dynamics are as follows:
• Rebound in aircraft deliveries, the development of new programs, rising military expenditure, an increase in MRO activities, and increasing new and aging aircraft fleet sizes.
• The rapid advancements in aircraft design require high-precision nuts to attain safety standards, which ultimately drive the long-term demand.

Top Companies in the Aircraft Nuts Market:
The report profiles prominent companies operating in the aircraft nuts market, providing detailed insights into their market positioning, key strategies, and competitive advantages. Listed below are some of the key players.
• Howmet Aerospace
• Precision CastParts Corp.
• LISI Aerospace
• Stanley Black & Decker
• TriMas Corp.
• Böllhoff Group
• PennEngineering

What Unique Insights Does This Report Offer?
This comprehensive report also answers the following critical questions:
• What is the projected market size and growth potential?
• Which regions and segments are most lucrative for investment?
• Who are the major players, and what are their strategies?
• What challenges and opportunities exist in the market?
• What key trends are shaping the market's future?

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.
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