Press release
Aerospace Fastener 2017 Global Market Expected to Grow at CAGR 7 % and Forecast to 2021
Aerospace Fastener Market
Market outlook of aerospace fasteners
Technavio’s market research analysts expect the global aerospace fasteners market to steadily during the forecast period, posting a CAGR of more than 7%. Aerospace fasteners are widely used in commercial and military aircraft, ballistic missiles and rockets, and they are also offered in aftermarket service. The aerospace industry makes use of a wide range of fasteners such as bolts, nuts, screws, rivets, pins, and hi-locks.
The growing demand for air travel worldwide has resulted in an increased demand for commercial aircraft fleet, which is a major driver stimulating the growth of the aerospace fasteners market globally. Many countries are investing in the acquisition of military planes, helicopters, and transport aircraft. The aerospace fastener manufacturers are increasingly focusing on emerging regions like Mexico, Brazil, India, and North Africa because of their high demand for aircraft. This offers opportunities for third-party companies to collaborate with OEMs and open MRO service centers in these regions.
Segmentation by application of the aerospace fasteners market
Commercial aerospace
Military aerospace
With a market share of more than 59%, the commercial aerospace segment holds the largest share of the global aerospace fasteners market in 2015. The commercial aerospace market is predicted to reach approximately $5 billion in revenue and will continue its dominance until 2020.
Geographical segmentation of the aerospace fasteners market
Americas
APAC
EMEA
At present, the Americas dominates the aerospace fasteners market with many attractive investments contributing to its growth. The mergers of major airlines in the US is one of the main reasons driving the growth of the market as these airlines are investing in advanced technology and upgrading fasteners to enhance their flight safety and operations, thus having a positive impact on the market.
Competitive landscape and key vendors
Since mergers and acquisitions, coupled with increased collaboration with alliance partners worldwide, will drive the market during the forecast period, the market is likely to witness a growing trend of local acquisitions by the leading players. Such acquisitions will augment the position of the company in the market and facilitate direct access to local customers. Providing cost-effective and high-quality aerospace fasteners with the latest technology and materials is another key factor to stay competitive in the market.
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The leading vendors in the market are -
3V Fasteners
Alcoa
B&B Specialties
KLX
LISI Aerospace
The other prominent vendors of the market include CDP Fastener Group, National Aerospace Fasteners, Stanley Aerospace Fastening, TFI Aerospace, and Wesco Aircraft Holdings.
Key questions answered in the report
What will the market size and the growth rate be in 2020?
What are the key factors driving the global aerospace fasteners market?
What are the key market trends impacting the growth of the global aerospace fasteners market?
What are the challenges to market growth?
Who are the key vendors in the global aerospace fasteners market?
What are the market opportunities and threats faced by the global aerospace fasteners market?
Trending factors influencing the market shares for EMEA, APAC, and the Americas.
What are the key outcomes of the five forces analysis of the global aerospace fasteners market?
Table of Contents:
PART 01: Executive summary
Highlights 6
PART 02: Scope of the report
Market overview 7
Top-vendor offerings 7
PART 03: Market research methodology
Research methodology 8
Economic indicators 8
PART 04: Introduction
Key market highlights 9
PART 05: Market landscape
Market overview 11
Market size and forecast 12
Five forces analysis 13
PART 06: Global aerospace and defense supply chain system
PART 07: Global aerospace and defense value chain system
PART 08: Market segmentation by application
PART 09: Market share by applications
Global commercial aerospace fasteners market 18
Global military aerospace fasteners market 19
PART 10: Geographical segmentation
Aerospace fasteners market in the Americas 21
Aerospace fasteners market in EMEA 23
Aerospace fasteners market in APAC 24
PART 11: Market drivers
PART 12: Impact of drivers
PART 13: Market challenges
PART 14: Impact of drivers and challenges
PART 15: Market trends
PART 16: Vendor landscape
Competitive Scenario 39
Major vendors 40
3V Fasteners 41
Alcoa 44
B&B Specialties 50
KLX 53
LISI Aerospace 56
Continued…….
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