Aerospace Fasteners Industry to Achieve $12.57 Billion Growth by 2029

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How Will the Aerospace Fasteners Market Grow by 2025 in Terms of Size and Growth?
In recent times, the aerospace fasteners market dimension has seen significant expansion. Predictions indicate a rise from $8.19 billion in 2024 to $9.05 billion in 2025, based on a compound annual growth rate (CAGR) of 10.4%. Factors contributing to the progress during the historic period include growth of the aerospace sector, modernization initiatives in the military, globalization of aerospace supply channels, commercial aircraft orders, and rigid safety and quality benchmarks.

What Are the Estimated Growth Rates for the Aerospace Fasteners Industry Through 2029?
The market size of aerospace fasteners is poised for considerable expansion in the upcoming years, poised to increase to a value of $12.57 billion in 2029, with a compound annual growth rate (CAGR) of 8.6%. This anticipated growth in the forecast period can be ascribed to multiple factors such as an upsurge in air passenger traffic, the advent of next-generation aircraft, the rise of air travel markets in emerging economies, space exploration programs, and initiatives in sustainable aviation. Some significant trends during this forecast period comprise the digitalization of manufacturing processes, research and development in lightweight materials, the implementation of intelligent fastening technologies, the application of titanium fasteners, and the usage of composite materials.

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What Are the Strategic Drivers Boosting Aerospace Fasteners Market Performance?
The worldwide aviation sector has seen significant growth due to the rising living standards and increased disposable income over time. For example, projections from the International Civil Aviation Organization indicate a potential doubling of both passenger traffic and freight volume by the year 2035. As a consequence of this amplified demand for air travel, there has been a spur in aircraft manufacturing which has further fostered the expansion of the aerospace fasteners market.

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What Are the Segments in the Aerospace Fasteners Market?
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

What Are the Key Adoption Trends in the Aerospace Fasteners Market?
A significant trend emerging in the aerospace fastener market is the growing usage of superalloys. Known for their superior mechanical strength, resistance against thermal creep deformation, and excellent surface stability, these superalloys are also resilient against corrosion or oxidation. SPS Technologies, for example, has embraced this trend by introducing the MP35N, the first fastener superalloy. It offers a unique mix of high strength and impressive corrosion resistance, capable of withstanding temperatures up to 750 °F.

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Which Companies Lead the Competitive Landscape of the Aerospace Fasteners Industry?
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

Where Are the Key Aerospace Fasteners Market Opportunities by Region?
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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