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The Aerospace Fasteners Market is segmented by Application (Commercial Aircraft, Military Aircraft, General Aviation), Material (Aluminum, Steel, Superalloys, Titanium), and Geography.
2018 - 2026
Fastest Growing Market:
The aerospace fasteners market is anticipated to register a CAGR of 2.67% during the forecast period.
Rivets, screws, nuts, bolts, clamps, and aircraft fittings are included in the aerospace fasteners market report. The market study includes a detailed analysis of the use of aerospace fasteners in the commercial, military, and general aviation segments. The military segment includes fighter jets and attack helicopters. The general aviation segment includes turboprop, business jet, civil helicopters, and piston engine aircraft. The report study excludes the use of fasteners in space applications.
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Aluminum fasteners are widely used in aircraft, as they are cheap and weigh about one-third of steel. Some grades of aluminum even exceed the tensile strength of mild steel. But superalloys or high-performance alloys used in aerospace fasteners have gained more popularity in recent years, due to their ability to maintain integrity in high-temperature environments, their versatility, and their resistance to creep factors. Thus, their growth is expected to be more during the forecast period.
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As of 2018, North America accounted for the highest market share out of all the regions, due to high demand from the United States. But during the forecast period, the Asia-Pacific market is expected to grow, registering the highest growth rate. The increasing number of aircraft orders and deliveries in the region, due to the rising demand for newer generation aircraft, is currently driving the growth of the market. China and India are expected to be the key markets in the region.
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Arconic Inc., and Precision Castparts Corp. are the key players in the market, with over 50% of the revenue share, in 2019. Contracts with aircraft manufacturers are generally long-term contracts, thereby, making it difficult for other players to establish themselves in the market, as there are only a few aircraft manufacturers. Majority of the local players in the market are private firms, and thus, it is difficult for the competitors in the aftermarket to price their products competitively, making it impossible for them to have counter offers.
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1.1 Commercial Aircraft
5.1.2 Military Aircraft
5.1.3 General Aviation
5.3.1 North America
18.104.22.168 United States
22.214.171.124 United Kingdom
126.96.36.199 Rest of Europe
188.8.131.52 South Korea
184.108.40.206 Rest of Asia-Pacific
5.3.4 South America
220.127.116.11 Rest of South America
5.3.5 Middle-East and Africa
18.104.22.168 Saudi Arabia
22.214.171.124 United Arab Emirates
126.96.36.199 South Africa
188.8.131.52 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles
6.2.1 3V Fasteners Company Inc. (Consolidated Aerospace Manufacturing LLC)
6.2.2 Arconic Inc.
6.2.3 B&B Specialties Inc.
6.2.4 LISI Aerospace
6.2.5 KLX Aerospace (Boeing)
6.2.8 Berkshire Hathaway Inc. (Precision Castparts Corp.)
6.2.10 TFI Aerospace
6.2.11 FSL Aerospace
6.2.12 Stanley Black & Decker Inc.
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject to Availability