The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The aerospace fasteners market size has experienced rapid growth in recent years, escalating from <$7.51 billion in 2023 to <$8.36 billion in 2024 at a compound annual growth rate (CAGR) of 11.3%. This surge in the historic period can be attributed to the expansion of the aerospace industry, military modernization programs, globalization of aerospace supply chains, commercial aircraft orders, and adherence to stringent safety and quality standards. Looking ahead to 2028, the market is projected to witness robust growth, reaching <$12.15 billion at a CAGR of 9.8%. Anticipated factors driving this growth include the rise in air passenger traffic, advancements in next-generation aircraft, the emergence of new markets for air travel, space exploration programs, and sustainable aviation initiatives. Noteworthy trends in the forecast period encompass digitalization in manufacturing, research and development in lightweight materials, integration of smart fastening technologies, the utilization of titanium fasteners, and the increased use of composite materials.

The global air travel industry has expanded significantly with the improvement in people’s standard of living and the increase in their disposable income. According to the International Civil Aviation Organization, passenger traffic and freight volume are projected to double by 2035, indicating a substantial rise in demand for air travel. This surge in demand has fueled aircraft manufacturing, consequently driving the growth of the aerospace fasteners market. In 2023, the aerospace fasteners market was valued at $X billion and is anticipated to reach $Y billion by 2024, further escalating to $Z billion by 2028.

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What Are The Key Trends That Influence Aerospace Fasteners Global Market Report 2024 Market Share Analysis?

The increase in use of super alloys is a key trend gaining popularity in the aerospace fastener market. Super alloys have high mechanical strength, resistance to thermal creep deformation, good surface stability, and resistance to corrosion or oxidation. For instance, SPS Technologies has adopted super alloys and developed the MP35N as the first fastener superalloy. It provides a unique combination of high strength and outstanding corrosion resistance, with a 750 °F temperature capability.

Which Market Players Are Driving Growth In The Aerospace Fasteners Global Market Report 2024 Market?

Major companies operating in the market are 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, AirBoss Group Inc.

How Is The Global Aerospace Fasteners Global Market Report 2024 Market Segmented?

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

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The Aerospace Fasteners Global Market Report 2024 Global Market Report 2024 provides an overview of the aerospace fasteners global market report 2024market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The aerospace fasteners global market report 2024 market forecast analyzes aerospace fasteners global market report 2024 market size, aerospace fasteners global market report 2024 market share, leading competitor and their market positions.

The Table Of Content For The Aerospace Fasteners Global Market Report 2024 Market Include

1. Aerospace Fasteners Global Market Report 2024 Market Executive Summary
2. Aerospace Fasteners Global Market Report 2024 Market Segments
3. Aerospace Fasteners Global Market Report 2024 Market Size And Template Market Growth Rate
4.  Key Aerospace Fasteners Global Market Report 2024 Market Trends
5. Major Aerospace Fasteners Global Market Report 2024 Market Drivers
……
25. Key Mergers And Acquisitions In The Aerospace Fasteners Global Market Report 2024 Market
26. Top Aerospace Fasteners Global Market Report 2024 Companies
27. Aerospace Fasteners Global Market Report 2024 Market Opportunities And Strategies
28. Aerospace Fasteners Global Market Report 2024 Market, Conclusions And Recommendations
29. Appendix

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