The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s Aerospace Fasteners Global Market Report 2023 offers crucial insights into the aerospace fasteners market help businesses analyse and build stronger strategies.

The global aerospace fasteners market exhibited robust growth, escalating from $6.65 billion in 2022 to $7.33 billion in 2023, boasting a commendable Compound Annual Growth Rate (CAGR) of 10.3%. The upward trajectory is poised to continue, with the market size anticipated to reach $10.32 billion in 2027, fueled by a projected CAGR of 8.9%.

Flying High: The Surge in Air Travel

– Catalyst: Improved Living Standards

The global air travel industry is experiencing a rapid surge, propelled by improved living standards and increased disposable income. Projections from the International Civil Aviation Organization indicate a doubling of passenger traffic and freight volume by 2035. This heightened demand for air travel serves as a catalyst, driving the aerospace fasteners market by fostering increased aircraft manufacturing activities.

Industry Giants: Paving the Way

– Key Players
Major players shaping the aerospace fasteners market landscape include NAFCO, LISI Aerospace, MS Aerospace, Trimas, PCC, National Aerospace Fasteners Corporation, TFI Aerospace Corporation, TPS Aviation Inc., Stanley Black & Decker Inc. (United States), Alcoa, 3V Fasteners Company Inc., B & B Specialities Inc., Stanley Black & Deck Inc., Wurth Group (Germany), Howmet Aerospace Inc. (United States), and Arconic. These industry giants play a pivotal role in steering the market dynamics and driving innovations.

Super Alloys: A Steadily Rising Trend

– Key Advantages
The increased use of super alloys is emerging as a prominent trend in the aerospace fasteners market. Super alloys, known for their high mechanical strength, resistance to thermal creep deformation, surface stability, and corrosion or oxidation resistance, are gaining popularity. An exemplary case is SPS Technologies, which introduced the MP35N as the first fastener superalloy. This alloy boasts a unique combination of high strength and outstanding corrosion resistance, coupled with a remarkable 750 °F temperature capability.

Market Dynamics: A Strategic Segmentation

– Comprehensive Segmentation
The global aerospace fasteners market is strategically segmented based on:

1. Product: Screws, Nuts and Bolts, Washers, Rivets
2. Platform: Fixed Wing Aircraft, Rotary Wing Aircraft
3. Material: Aluminium, Titanium, Alloy Steel
4. End-Use: Commercial, Defence

Regional Landscape: Europe Takes the Lead, Asia-Pacific on the Horizon

– Current Dominance
As of 2022, Europe claimed the largest share in the aerospace fasteners market. The region’s strong aerospace industry and technological prowess positioned it at the forefront of market dominance.

– Future Projections
Asia-Pacific is slated to emerge as the fastest-growing region in the aerospace fasteners market during the forecast period. The region’s burgeoning aerospace sector, coupled with increasing industrialization, is set to drive substantial market growth.

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The Aerospace Fasteners Global Market Report 2023  provides a comprehensive outlook of the aerospace fasteners market for the historic years (2010 – 2021) and ten years forecast (2023 – 2032). The aerospace fasteners market forecast offers a thorough analysis on aerospace fasteners market size, aerospace fasteners market share, prominent players and their strategies.

The Table Of Content For The Aerospace Fasteners Market Include:
1. Aerospace Fasteners Market Executive Summary
2. Aerospace Fasteners Market Segments
3. Aerospace Fasteners Market Size And Aerospace Fasteners Market Growth Rate
4. Key Aerospace Fasteners Market Trends
5. Major Aerospace Fasteners Market Drivers
……
25. Key Mergers And Acquisitions In The Aerospace Fasteners Market
26. Top Aerospace Fasteners Companies
27. Aerospace Fasteners Market Opportunities And Strategies
28. Aerospace Fasteners Market, Conclusions And Recommendations
29. Appendix

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