Soaring Demand Set to Propel Aerospace Fasteners Market to $12.8 Billion by 2029

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What Will the Aerospace Fasteners Industry Market Size Be by 2025?
The market size for aerospace fasteners has experienced accelerated growth in the past few years. Its worth will increase from $8.19 billion in 2024 to $9.1 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 11.1%. This growth during the historic period is due to factors such as the expansion of the aerospace industry, modernization efforts in the military, the globalization of aerospace supply chains, an increase in commercial aircraft orders, and strict safety and quality standards.

What's the Long-Term Growth Forecast for the Aerospace Fasteners Market Size Through 2029?
In the forthcoming years, a robust expansion is forecasted in the aerospace fasteners market, which is predicted to reach $12.8 billion in 2029, progressing at a Compound Annual Growth Rate (CAGR) of 8.9%. This considerable growth rate during the forecast period is due to factors including increasing air passenger traffic, emerging markets for air travel, the launch of next-generation aircraft, initiatives in space exploration, and sustainable aviation. Key trends that will shape the market in the forecast period are the digital transformation in manufacturing, lightweight material research and development, the rise of intelligent fastening technologies, titanium fasteners, and the application of composite materials.

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What Are the Key Growth Drivers Fueling the Aerospace Fasteners Market Expansion?
The demand for air travel has surged worldwide due to improvements in people's standards of living and an increase in disposable income. This trend is reflected in predictions by the International Civil Aviation Organization, which expects both passenger traffic and freight volume to double by the year 2035. In response to this growing demand for air travel, aircraft manufacturing has also increased, subsequently fuelling the expansion of the aerospace fasteners market.

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What Are the Key Trends Driving Aerospace Fasteners Market Growth?
The rising utilization of super alloys is a significant trend garnering attention in the aerospace fastener market. Super alloys boast robust mechanical strength, resistance to thermal creep deformation, impressive surface stability, and resilience against corrosion or oxidation. For example, SPS Technologies has embraced the super alloys and introduced the MP35N as the inaugural fastener superalloy. This offers a distinct fusion of high strength and excellent corrosion resistance, with a temperature capability of 750 °F.

How Is the Aerospace Fasteners Market Segmented?
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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Which Companies Are Leading the Charge in Aerospace Fasteners Market Innovation?
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

Which Regions Are Leading the Global Aerospace Fasteners Market in Revenue?
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.

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