Aircraft Blind Bolts Market is Forecasted to Reach US$ 227 Million in 2032, Says Stratview Research

Stratview Research, a global market research firm, has launched a report on the global aircraft blind bolts market, which provides a comprehensive outlook of the global and regional industry forecast, current & emerging market trends, segment analysis, competitive landscape, & more.

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Market Statistics:
Market Size in 2023: US$ 149 million
Market Size in 2032: US$ 227 million
Growth (CAGR): 5.0% during 2024-2032
Leading Aircraft Type: Commercial Aircraft
Leading Application Type: Airframe
Leading Material Type: Titanium
Leading Blind Bolt Type: Drive-Nut Bolt
Leading End-User Type: OE
Leading Region: North America
Forecast Period: 2024-2032
Trend Period: 2018-2022
Base Year: 2023
Number of Segments Covered: 6
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20

Segment Insights & Market Share Analysis of the Aircraft Blind Bolts Market:
The global aircraft blind bolts market is segmented based on aircraft type, application type, material type, blind bolt type, end-user type, and region.

Based on aircraft type -
· The aircraft blind bolt market is segmented into commercial aircraft, regional aircraft, helicopters, military aircraft, and general aviation.
· Commercial aircraft are expected to remain the largest and fastest-growing aircraft type in the market during the forecast period. The increase in the production rates of key aircraft programs, such as the A320 and B737, the return to service of the B737Max, the expected entry of new aircraft programs like the C919, B777X, and MC-21, along with the rising global aircraft fleet size, are key factors driving the demand and growth of this segment.

Based on application type -
· The market is segmented into airframe, control surfaces, interior, engine, and others.
· The airframe is expected to remain both the dominant and fastest-growing application type in the market during the forecast period. As the largest structure in an aircraft, the airframe utilizes blind bolts in various applications, including wings and fuselage, contributing to its market dominance.

Based on material type -
· The market is segmented into titanium, aluminum, steel, and others.
· Titanium is expected to remain the dominant material type in the market during the forecast period and is also projected to experience the highest growth. The continuous replacement of steel and other heavy metal-based blind bolts with titanium blind bolts is driven by their superior performance at a relatively lower weight.

Based on blind bolt type -
· The market is segmented into drive-nut bolts and pull-type bolts.
· The drive-nut bolt is expected to remain the dominant blind bolt type in the market during the forecast period, driven by its advantages, including accessibility, installation efficiency, vibration resistance, weight savings, load-bearing capacity, and versatility.

Which region shows the most promising growth forecast and opportunity?
The analysis suggests that North America is expected to remain the largest market for aircraft blind bolts during the forecast period. This growth outlook is mainly attributed to the following:
- The USA is the key driver of the region's market, with the presence of major aircraft OEMs, tier suppliers, blind bolt manufacturers, and end-users.
- Many leading blind bolt manufacturers are based in the region to meet the growing demands of OEMs for upcoming aircraft programs and fuel-efficient variants of existing aircraft.
Likewise, Asia-Pacific is expected to experience the highest growth in the market during the forecast period. This growth is primarily driven by the increasing aircraft fleet to accommodate rising passenger traffic, the opening of Boeing and Airbus assembly plants, the growing procurement of military aircraft due to rising defense budgets, and the upcoming indigenous aircraft like the C919.

Aircraft Blind Bolts Market Drivers:
Some of the key drivers listed in the report are given below.
- Increase in the preference for blind fasteners over traditional fasteners.
- The development of lightweight and corrosion-resistant blind bolts.
- An increase in aircraft production.
- Growing air travel demands.
- Increasing airline fleets.

Competitive Landscape: Top Companies in the Aircraft Blind Bolts Market:
The market is moderately fragmented, with over 20 players. Most of the major players compete on some of the governing factors, including price, service offerings, regional presence, etc. Stratview Research has identified the following companies as the top market players:
- TriMas Corporation
- Howmet Aerospace, Inc.
- Stanley Black and Decker, Inc.
- Precision Castparts Corp.
- LISI Aerospace
- Avantus Aerospace.

What Unique Insights Does This Report Offer?
This report provides comprehensive insights into the aircraft blind bolts 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.
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This release was published on openPR.