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Aerospace Fasteners Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The Aerospace Fasteners Market is segmented by Application (Commercial Aircraft, Military Aircraft, General Aviation), Material (Aluminum, Steel, Superalloys, Titanium), and Geography.

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Market Snapshot

Aerospace Fasteners Market Size
Study Period: 2018-2027
Base Year: 2021
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: >2.60 %
Aerospace Fasteners Market Companies

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Market Overview

The aerospace fasteners market is anticipated to register a CAGR of 2.67% during the forecast period.

  • The increasing number of orders for new aircraft and the need to increase the aircraft production rate are likely to increase the demand for aircraft fasteners.
  • Also, increasing investments by the airlines in cabin interior products, in order to enhance passengers' experience, shall drive the growth of the aerospace fasteners market in the coming years.
  • The emergence of 3D printing in aerospace manufacturing is expected to generate new growth opportunities for the market in the years to come.

Scope of the Report

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.

Application
Commercial Aircraft
Military Aircraft
General Aviation
Material
Aluminum
Steel
Superalloys
Titanium
Geography
North America
United States
Canada
Mexico
Europe
United Kingdom
Germany
France
Russia
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
United Arab Emirates
South Africa
Rest of Middle-East and Africa

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Key Market Trends

Superalloys Have Gained More Popularity

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.

Aerospace Fasteners Market Share

Increasing Number of Aircraft Orders in Asia-Pacific

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.

Aerospace Fasteners Industry Growth

Competitive Landscape

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.

Aerospace Fasteners Market Analysis

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Application

      1. 5.1.1 Commercial Aircraft

      2. 5.1.2 Military Aircraft

      3. 5.1.3 General Aviation

    2. 5.2 Material

      1. 5.2.1 Aluminum

      2. 5.2.2 Steel

      3. 5.2.3 Superalloys

      4. 5.2.4 Titanium

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

      2. 5.3.2 Europe

        1. 5.3.2.1 United Kingdom

        2. 5.3.2.2 Germany

        3. 5.3.2.3 France

        4. 5.3.2.4 Russia

        5. 5.3.2.5 Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. 5.3.3.1 China

        2. 5.3.3.2 India

        3. 5.3.3.3 Japan

        4. 5.3.3.4 South Korea

        5. 5.3.3.5 Rest of Asia-Pacific

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle-East and Africa

        1. 5.3.5.1 Saudi Arabia

        2. 5.3.5.2 United Arab Emirates

        3. 5.3.5.3 South Africa

        4. 5.3.5.4 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Vendor Market Share

    2. 6.2 Company Profiles

      1. 6.2.1 3V Fasteners Company Inc. (Consolidated Aerospace Manufacturing LLC)

      2. 6.2.2 Arconic Inc.

      3. 6.2.3 B&B Specialties Inc.

      4. 6.2.4 LISI Aerospace

      5. 6.2.5 KLX Aerospace (Boeing)

      6. 6.2.6 BUFAB

      7. 6.2.7 TriMas

      8. 6.2.8 Berkshire Hathaway Inc. (Precision Castparts Corp.)

      9. 6.2.9 NAFCO

      10. 6.2.10 TFI Aerospace

      11. 6.2.11 FSL Aerospace

      12. 6.2.12 Stanley Black & Decker Inc.

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

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Frequently Asked Questions

The Aerospace Fasteners Market market is studied from 2018 - 2026.

The Aerospace Fasteners Market is growing at a CAGR of >2.60% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

Stanley Black & Decker Inc, LISI SA, Arconic Inc, KLX Aerospace (Boeing), Precision Castparts Corp. (Berkshire Hathaway) are the major companies operating in Aerospace Fasteners Market.

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