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As per the report published by The Brainy Insights, the global aerospace fasteners market is expected to grow from USD 6.17 billion in 2021 to USD 11.31 billion by 2030, at a CAGR of 6.96% during the forecast period 2022-2030. North American region emerged as the largest market for the global aerospace fasteners market, with a 45.18% share of the market revenue in 2021. The comprehensive range of defense & well-developed market participants are propelling the market’s growth during the forecast period in this region. Additionally, an increase in the defense equipment manufacturers across the U.S. and a rise in commercial aircraft orders in this region are also helping to drive the market growth during the forecast period. In addition, the Asia Pacific region is expected to show the fastest CAGR growth over the projection period due to increased demand for new generation aircraft.
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Aerospace Fasteners Market Size by Application (Control Surface, Fuselage, and Cabin Interior), Product Type (Screws, Nuts & Bolts, Rivets, and Others), Material Type (Alloy Steel, Aluminium, Titanium, and Others), Aircraft Type (Military Aircraft and Commercial Aircraft), Regions, Global Industry Analysis, Share, Growth, Trends, and Forecast 2022 to 2030
Leading companies in the industry include3V Fasteners Company Inc., Advanced Logistics for Aerospace, Accumen Global Technologies, Alcoa Fastening Systems & Rings, Avdel private limited, Allfast Fastening Systems, B&B Specialties, Inc., Bufab Group, Arconic, Ho-Ho-Kus Inc., EADS, B/E Aerospace, LISI Aerospace, Precision Castparts Corporation, National Aerospace Fasteners Corporation, TPS Aviation Inc., TFI Aerospace Corporation, and among others which are offering greater opportunities and are continuously focused on new product developments and venture capital investments to obtain market share.
The application segment is divided into control surface, fuselage, and cabin interior. The cabin interior led the market with a market share of 47.21% in 2021. This growth is attributed to the surge in passengers & high demand for commercial aircraft. The product type segment is divided into screws, nuts & bolts, rivets, and others. The rivets led the market with a market share of 30.16% in 2021. This growth is attributed to the increase in military aircraft demand worldwide. The material type segment is divided into alloy steel, aluminium, titanium, and others. Aluminium led the market with a market share of 32.17% in 2021. This growth is attributed to the technological advancements in aluminium manufacturing technologies.
The aircraft type segment is divided into military aircraft and commercial aircraft. Commercial aircraft led the market with a market share of 56.11% in 2021. This growth is attributed to the raised air traffic.
The growing deliveries of regional & commercial aircraft, expanding fleet size, and the increasing evacuation & air military activities propel the aerospace fasteners market’s growth.
Further, the rise in additive manufacturing (AM) in the aerospace enterprise, ultra-lightweight elements, and the increasing share of wide-body aircraft in total deliveries are also boosting the growth of the aerospace fasteners market.
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This study forecasts revenue at global, regional, and country levels from 2019 to 2030. The Brainy Insights has segmented the global aerospace fasteners market based on below mentioned segments:
Global Aerospace Fasteners Market by Application:
- Control Surface
- Fuselage
- Cabin Interior
Global Aerospace Fasteners Market by Product Type:
- Screws
- Nuts & Bolts
- Rivets
- Others
Global Aerospace Fasteners Market by Material Type:
- Alloy Steel
- Aluminium
- Titanium
- Others
Global Aerospace Fasteners Market by Aircraft Type:
- Military Aircraft
- Commercial Aircraft
About the report:
The global aerospace fasteners market is analysed based on value (USD Billion). All the segments have been analysed on global, regional and country basis. The study includes the analysis of more than 30 countries for each segment. The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The study includes porter’s five forces model, attractiveness analysis, raw material analysis, supply, demand analysis, competitor position grid analysis, distribution and marketing channels analysis.
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