According to the latest report by IMARC Group, the global aerospace fasteners market exhibited strong growth during 2015-2020. Looking forward, the market is expected to grow at a CAGR of 8.2% during 2021-2026.
Report Metric
Historical: 2015-2020
Base Year: 2020
Forecast Year: 2021-2026
Industry Definition and Application:
Aerospace fasteners are various hardware tools, such as bolts, screws, clamps, hi-locks, rivets, pins and nuts, which are commonly used in commercial and military aircraft, ballistic missiles, rockets and satellites. They are utilized for fastening or fixing two or more components together, such as interior fittings, flight control surfaces and nacelles. They are also used for creating temporary joints that can be dismantled without damaging the surrounding equipment. These tools are usually manufactured using aluminum, titanium and steel for enhanced durability against high pressure and temperatures.
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The global market is primarily driven by the thriving civil aviation industry. A significant rise in the air commutation has resulted in the increasing production of aircraft with premium-quality components and luxurious interiors to improve overall passengers’ flight experience. Furthermore, the utilization of advanced manufacturing techniques, such as 3D printing and additive manufacturing (AM), which aid in producing lightweight and corrosion-resistant components, is also providing a boost to the market growth. Other factors, including rapid urbanization and favorable policies to improve airport infrastructure, along with increasing space exploration activities, are projected to drive the market further.
Competitive Landscape
The report has also analysed the competitive landscape of the market with some of the key players being Arconic Fastening Systems & Rings, B&B Specialties, LISI Aerospace, 3V Fasteners Company, National Fasteners Company, TriMas Corporation, Wesco Aircraft Holdings, CDP Fastener Group, TFI Aerospace Corporation, Stanley Engineered Fastening, Ho-Ho-Kus Inc, etc.
Browse full report with detailed TOC and list of figures and tables: https://www.imarcgroup.com/aerospace-fasteners-market
Key Market Segmentation:
Breakup by Product Type
1. Rivets
2. Screws
3. Nuts and Bolts
4. Washers
5. Others
Breakup by Material Type
1. Aluminium
2. Alloy Steel
3. Titanium
4. Others
Breakup by Application
1. Interior
2. Control Surfaces
3. Fuselage
Breakup by Aircraft Type
1. Narrow Body Aircraft
2. Wide Body Aircraft
3. Very Large Aircraft
4. Fighter Jet
5. Others
Breakup by End-Use Sector
1. Commercial
2. Defense
3. Others
Breakup by Region
1. North America
2. Europe
3. Asia Pacific
4. Middle East and Africa
5. Latin America
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