Press release
Aerospace Fasteners Market to Reach USD 15.14 Billion by 2032, Growing at 8.1% CAGR
Aerospace Fasteners Market
According to a new report by Maximize Market Research, the global Aerospace Fasteners Market was valued at USD 8.12 billion in 2024 and is projected to reach USD 15.14 billion by 2032, growing at a CAGR of 8.1% over the forecast period. Growth is driven by expanding air passenger traffic, defense modernization, and technological advances in fastener materials and design.
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Key Highlights:
Market Size: USD 8.12 billion in 2024; projected USD 15.14 billion by 2032.
CAGR (2025-2032): 8.1%.
Leading Segment: Rivets remain dominant due to their structural reliability in fuselage and wings.
Fastest-Growing Regional Market: Asia-Pacific, with rising aircraft orders and OEM growth.
Key Drivers: Government investment, air travel growth, demand for lightweight, corrosion-resistant fasteners.
Top Companies: 3V Fasteners, TriMas, Alcoa Fastening Systems, Arconic, Stanley Engineered Fasteners.
Market Outlook
Aerospace fasteners are critical components ensuring assembly efficiency, structural integrity, and weight reduction in aircraft manufacturing. Rising air travel and military aircraft procurement raise fastener demand, while innovations like 3D printing and advanced materials improve performance. Sustainability focus drives adoption of corrosion-resistant metals like aluminum and titanium. The market's growth is supported by increasing investments in cabin interior enhancements and new-generation aircraft programs.
Regional Insights
North America leads the market owing to its mature aerospace industry, extensive defense spending, and innovation capabilities. Asia-Pacific exhibits the fastest growth propelled by rapidly expanding civil aviation sectors in China and India. Europe shows steady expansion supported by aircraft manufacturing hubs and modernization initiatives. Emerging markets in South America and Middle East & Africa present future opportunities.
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Key Players
Prominent players emphasize technological advancement and broad product portfolios:
3V Fasteners Company Inc.
TriMas Corporation
Alcoa Fastening Systems & Rings
Arconic Inc.
Stanley Engineered Fasteners (Emhart Teknologies LLC)
These companies engage in R&D and collaborate with aerospace OEMs to meet stringent quality and performance standards.
Quote:
"Evolving aerospace technologies and growing air traffic are significantly boosting demand for high-performance fasteners," said an analyst at Maximize Market Research. "Innovations in lightweight materials and manufacturing efficiency will continue to drive sustained market growth."
Seeking a thorough market understanding? Dive into the summary of the research report: https://www.maximizemarketresearch.com/market-report/global-aerospace-fasteners-market/96972/
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About Maximize Market Research:
Maximize Market Research is one of the fastest-growing market research and business consulting firms serving clients globally. Our revenue impact and focused growth-driven research initiatives make us a proud partner of majority of the Fortune 500 companies. We have a diversified portfolio and serve a variety of industries such as IT & telecom, chemical, food & beverage, aerospace & defense, healthcare and others.
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