Global Aircraft Fasteners
Market Report
2024
The Global Aircraft Fasteners Market size is USD 5.2 billion in 2023 and will expand at a compound annual growth rate (CAGR) of 7.50% from 2023 to 2030
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, The Global Aircraft Fasteners Market size is USD 5.2 billion in 2023 and will expand at a compound annual growth rate (CAGR) of 7.50% from 2023 to 2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Aircraft Fasteners Market Sales Revenue 2023 | $ 5.2 Billion |
Global Aircraft Fasteners Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 7.5% |
North America Aircraft Fasteners Market Sales Revenue 2023 | $ 2.08 Billion |
North America Aircraft Fasteners Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 6.3% |
Europe Aircraft Fasteners Market Sales Revenue 2023 | $ 1.56 Billion |
Europe Aircraft Fasteners Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 6.5% |
Asia Pacific Aircraft Fasteners Market Sales Revenue 2023 | $ 1.14 Billion |
Asia Pacific Aircraft Fasteners Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 9.3% |
South America Aircraft Fasteners Market Sales Revenue 2023 | $ 0.26 Billion |
South America Aircraft Fasteners Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 7.3% |
Middle East and Africa Aircraft Fasteners Market Sales Revenue 2023 | $ 0.16 Billion |
Middle East and Africa Aircraft Fasteners Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 7.4% |
Market Split by Type |
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Market Split by Application |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Aircraft Fasteners Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Aerospace fasteners are hardware tools used to combine two or more objects in aircraft design and manufacturing. The materials commonly used in aerospace fasteners include bolts, nuts, nickel-based alloys, titanium, high-strength alloys, and others. Growth fuelled by the rising consumer spending on air travel has thereby created a lucrative business for the aviation industry and the increasing demand for comfortable, inexpensive, and fast-traveling solutions.
February 2023- Air India, an Indian airline, expanded its fleet by ordering over 800 leap engines for over 200 Airbus A320/A321neo and Boeing 737 Max aircraft. The airlines has signed a contract for the same building trust since Air India has been an eminent partner of CFM since 2002.
The aircraft fasteners market has been positively influenced by significant advancements in materials and manufacturing technologies. With a focus on enhancing the performance, durability, and weight efficiency of aircraft, manufacturers are increasingly adopting innovative materials such as titanium and composite alloys for fastener production. These advancements not only contribute to the overall weight reduction of aircraft, improving fuel efficiency, but also enhance the fasteners' corrosion resistance and strength, ensuring the safety and reliability of critical aerospace components.
September 2022- The Boeing Company unveiled a new manufacturing facility, the Boeing Additive Manufacturing Plant (BAM), in the small suburb of Algona (WA). The company has been in additive manufacturing for about three decades.
The robust growth in global air travel and the rising demand for new commercial and military aircraft are key drivers propelling the Aircraft Fasteners market. The expanding middle-class population, particularly in emerging economies, has led to a surge in air travel, prompting airlines to expand and modernize their fleets. This surge in aircraft production necessitates a proportional demand for high-quality, precision-engineered fasteners to ensure the structural integrity and safety of these aircraft.
May 2022- Howmet Aerospace Inc. announced its presence at UBS global industrial and transportation conference. Key company members, including the chairman, CEO and CFO, spoke at the conference involving global transportation and industrial players.
A critical restraint in the Aircraft Fasteners market is the vulnerability of its supply chain, marked by global dependencies and interconnected manufacturing processes. The industry heavily relies on a complex network of suppliers and manufacturers across different regions. Disruptions, such as those caused by geopolitical tensions, natural disasters, or global events like the COVID-19 pandemic, can lead to supply chain bottlenecks and delays in fastener production. As a result, the Aircraft Fasteners market faces challenges in maintaining a consistent and reliable supply, impacting the timely delivery of components to aircraft manufacturers and potentially hindering overall production schedules.
The COVID-19 pandemic significantly impacted the aircraft fasteners market, causing disruptions throughout the aviation industry. With widespread travel restrictions, reduced air traffic, and a decline in aircraft manufacturing activities, demand for new aircraft and related components, including fasteners, experienced a sharp downturn. Supply chain disruptions, factory closures, and workforce challenges further exacerbated the situation, leading to delays in production and delivery of aircraft. Additionally, the financial strain on airlines and aircraft manufacturers prompted cost-cutting measures, impacting procurement and investment in new aircraft projects.
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The Aircraft Fasteners market features a competitive landscape characterized by intense rivalry among key players vying for market share in this dynamic sector. Established aerospace and defense companies, such as Boeing, Airbus, Lockheed Martin, and BAE Systems, dominate the market, leveraging their extensive experience, global presence, and strong supply chain networks.
August 2021 - National Aerospace Fasteners Corp. announced that it had obtained the certification as a qualified Aerospace forging supplier from Safran Aircraft Engines.
Top Companies Market Share in Aircraft Fasteners Industry: (In no particular order of Rank)
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Global Aircraft Fasteners Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Aircraft Fasteners Industry growth. Aircraft Fasteners market has been segmented with the help of its Type, Application , and others. Aircraft Fasteners market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
According to Cognitive Market Research, threaded fasteners emerge as the dominant category in the Aircraft Fasteners market, securing a prominent position due to their widespread use in critical aerospace applications. Threaded fasteners, encompassing bolts, screws, and nuts, play a pivotal role in maintaining the structural integrity of aircraft components. Their ability to withstand high levels of stress and provide secure connections makes them indispensable in the assembly of airframes, engines, and various aircraft systems. The stringent safety and quality standards in the aviation industry further underscore the significance of threaded fasteners, contributing to their dominance in the market.
Non-threaded fasteners, including rivets and pins, emerge as the fastest-growing category in the Aircraft Fasteners market. The demand for non-threaded fasteners is escalating owing to their lightweight properties, contributing to overall aircraft weight reduction and fuel efficiency. As the aerospace industry continues to prioritize advancements in materials and design for enhanced performance, non-threaded fasteners find increasing applications in modern aircraft construction. Their ease of installation and reliability make them a preferred choice, and the growing emphasis on fuel-efficient and environmentally sustainable aviation further propels the rapid growth of non-threaded fasteners in the market.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Aircraft Fasteners Industry. Request a Free Sample PDF!
According to Cognitive Market Research, civil aircraft applications stand out as the dominant category in the Aircraft Fasteners market, reflecting the substantial demand driven by the commercial aviation sector. The burgeoning global air travel industry, fuelled by increasing passenger traffic and fleet expansion plans by commercial airlines, propels the dominance of fasteners in civil aircraft manufacturing. From the assembly of airframes to the installation of interior components, civil aircraft rely extensively on a variety of fasteners to ensure structural integrity and safety compliance.
The fastest-growing category in the Aircraft Fasteners market is attributed to military aircraft applications, driven by heightened defense spending, modernization initiatives, and geopolitical tensions. The evolving security landscape globally underscores the significance of robust and technologically advanced fasteners in military aviation. As defense forces invest in next-generation fighter jets, transport planes, and unmanned aerial vehicles, the demand for specialized fasteners capable of withstanding extreme conditions and stringent military standards experiences rapid growth.
The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Aircraft Fasteners market report 2024 Edition by contacting our team.
According to Cognitive Market Research, the global aircraft fasteners market size was estimated at USD 5.2 Billion out of which North America held the major market of more than 40% of the global revenue with a market size of USD 2.08 billion in 2023 and will grow at a compound annual growth rate (CAGR) of 6.3% from 2023 to 2030. The regional analysis underscores the significance of the United States and Canada in contributing to this market dominance. The segmentation analysis reveals a diverse application of aircraft fasteners across commercial and military aviation, with a growing emphasis on lightweight materials and advanced technologies. In conclusion, North America's strong market position is attributed to continuous technological advancements, a well-established aerospace ecosystem, and sustained demand for new aircraft, indicating a lucrative landscape for stakeholders in the Aircraft Fasteners market in the region. The substantial market size and regional dominance underscore North America's pivotal role in shaping the trajectory of the global Aircraft Fasteners market.
According to Cognitive Market Research, the global aircraft fasteners market size was estimated at USD 5.2 Billion out of which Asia Pacific held the fastest growing market of more than 22% of the global revenue with a market size of USD 1.14 billion in 2023 and will grow at a compound annual growth rate (CAGR) of 9.3% from 2023 to 2030. A regional analysis emphasizes the rapid growth of the aerospace industry in countries like China, India, and Japan. In terms of segmentation, the demand for aircraft fasteners is notably driven by the expanding commercial aviation sector and the modernization initiatives within the military aviation domain. In conclusion, Asia-Pacific's dynamic market position is propelled by a surge in aircraft production, rising defense budgets, and a shift towards advanced aerospace technologies, indicating significant opportunities for market participants in the region's burgeoning Aircraft Fasteners market. The substantial market share and impressive growth underscore Asia-Pacific's pivotal role in influencing the global landscape of Aircraft Fasteners.
The current report Scope analyzes Aircraft Fasteners Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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According to Cognitive Market Research, the global aircraft fasteners market size was estimated at USD 5.2 Billion out of which North America held the major market of more than 40% of the global revenue with a market size of USD 2.08 billion in 2023 and will grow at a compound annual growth rate (CAGR) of 6.3% from 2023 to 2030. The regional analysis underscores the significance of the United States and Canada in contributing to this market dominance. The segmentation analysis reveals a diverse application of aircraft fasteners across commercial and military aviation, with a growing emphasis on lightweight materials and advanced technologies. In conclusion, North America's strong market position is attributed to continuous technological advancements, a well-established aerospace ecosystem, and sustained demand for new aircraft, indicating a lucrative landscape for stakeholders in the Aircraft Fasteners market in the region. The substantial market size and regional dominance underscore North America's pivotal role in shaping the trajectory of the global Aircraft Fasteners market.
According to Cognitive Market Research, the global aircraft fasteners market size was estimated at USD 5.2 Billion out of which Europe market held of more than 30% of the global revenue with a market size of USD 1.56 billion in 2023 and will grow at a compound annual growth rate (CAGR) of 6.5% from 2023 to 2030. A regional analysis highlights the prominence of key European players such as Airbus, contributing to the demand for high-quality fasteners. In terms of segmentation, the European market witnesses a diversified application of fasteners across civil and military aircraft, aligning with the continent's comprehensive aerospace capabilities. In conclusion, Europe's substantial market share is a testament to its pivotal role in the global Aircraft Fasteners market, driven by technological innovation, stringent quality standards, and sustained demand for both commercial and defense aviation solutions.
According to Cognitive Market Research, the global aircraft fasteners market size was estimated at USD 5.2 Billion out of which Asia Pacific held the fastest growing market of more than 22% of the global revenue with a market size of USD 1.14 billion in 2023 and will grow at a compound annual growth rate (CAGR) of 9.3% from 2023 to 2030. A regional analysis emphasizes the rapid growth of the aerospace industry in countries like China, India, and Japan. In terms of segmentation, the demand for aircraft fasteners is notably driven by the expanding commercial aviation sector and the modernization initiatives within the military aviation domain. In conclusion, Asia-Pacific's dynamic market position is propelled by a surge in aircraft production, rising defense budgets, and a shift towards advanced aerospace technologies, indicating significant opportunities for market participants in the region's burgeoning Aircraft Fasteners market. The substantial market share and impressive growth underscore Asia-Pacific's pivotal role in influencing the global landscape of Aircraft Fasteners.
According to Cognitive Market Research, the global aircraft fasteners market size was estimated at USD 5.2 Billion out of which Latin America market held of more than 5% of the global revenue with a market size of USD 0.26 billion in 2023 and will grow at a compound annual growth rate (CAGR) of 7.3% from 2023 to 2030. A regional analysis underlines the potential for growth, with countries like Brazil and Mexico contributing to the demand for aircraft fasteners. In terms of segmentation, the market sees applications across civil and military aviation, albeit on a smaller scale compared to other regions. In conclusion, Latin America's emerging presence in the Aircraft Fasteners market suggests evolving opportunities, as the region aligns itself with the global aerospace industry trends, presenting prospects for market expansion and collaboration in the coming years.
According to Cognitive Market Research, the global aircraft fasteners market size was estimated at USD 5.2 Billion out of which Middle East and Africa market held of more than 3.00% of the global revenue with a market size of USD 0.16 billion in 2023 and will grow at a compound annual growth rate (CAGR) of 7.4% from 2023 to 2030. A regional analysis underscores the role of key players and the increasing demand for fasteners to support aircraft manufacturing and maintenance activities. In terms of segmentation, applications span both civil and military aviation, driven by the region's geopolitical considerations and defense modernization efforts. In conclusion, the Middle East and Africa's modest market share in Aircraft Fasteners reflects a nascent yet promising landscape, presenting opportunities for market players amidst the region's evolving aerospace ambitions and the potential for increased collaborations and investments in the foreseeable future.
Senior Research Analyst at Cognitive Market Research
Catering to tailored needs of clients in Consulting, Business Intelligence, Market Research, Forecasting, Matrix-Modelling, Data Analytics, Competitive Intelligence, Primary research and Consumer Insights.
Catering to tailored needs of clients in Consulting, Business Intelligence, Market Research, Forecasting, Matrix-Modelling, Data Analytics, Competitive Intelligence, Primary research and Consumer Insights. Experience in analyzing current trends, market demand, market assessment, growth indicators, competitors' strategy, etc. to help top management & investors to make strategic and tactical decisions in the form of market reports and presentations. Successfully delivered more than 500+ client & consulting assignments across verticals. Ability to work independently as well as with a team with confidence and ease.
I am committed to continuous learning and staying at the forefront of emerging trends in research and analytics. Regularly engaging in professional development opportunities, including workshops and conferences, keeps my skill set sharp and up-to-date. I spearheaded research initiatives focused on market trends and competitive landscapes. I have a proven track record of conducting thorough analyses, distilling key insights, and presenting findings in a way that resonates with diverse stakeholders. Through collaboration with cross-functional teams, I played a pivotal role in shaping business strategies rooted in robust research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Aircraft Fasteners Market is witnessing significant growth in the near future.
In 2023, the Threaded Fasteners segment accounted for noticeable share of global Aircraft Fasteners Market and is projected to experience significant growth in the near future.
The Civil Aircraft segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies LISI Aerospace (France) , National Aerospace Fasteners Corporation (Taiwan) and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Table of Content differs accordign to the user License selction. Current Displayed TOC is for the Corporate User License Report Edition. TOC Customization options: Add or Remove section's Or chapter's from the report. Specific section's of report can be ordered at a discounted price. If applicable; On Request Volume Data will also be provided (at an Additional Cost).
Type | Threaded Fasteners, Non-Threaded Fasteners |
Application | Civil Aircraft, Military Aircraft |
List of Competitors | LISI Aerospace (France), M.S Aerospace (U.S.), National Aerospace Fasteners Corporation (Taiwan), Stanley Black & Decker, Inc. (U.S.), TFI Aerospace Corporation (Canada), TPS Aviation Inc. (U.S.), TriMas Corporation (U.S.), Wurth Group (Germany) |
This chapter will help you gain GLOBAL Market Analysis of Aircraft Fasteners. Further deep in this chapter, you will be able to review Global Aircraft Fasteners Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
Chapter 2 North America Market Analysis
Executive Summary North America Market (2019 vs 2024 vs 2031)
Purchase Add-Ons to Customize the Report Edition and get further granular data level data about the North America market. Add-On Cost: Request before placing the order, Respective Pricing will be informed after sending the inquiry
Qualitative Analysis for the North America Market: North America Aircraft Fasteners Market Trends North America Aircraft Fasteners Technological Road Map North America Aircraft Fasteners Market Drivers North America Aircraft Fasteners Market Restraints North America Aircraft Fasteners Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia-Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Application Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Aircraft Fasteners market
Chapter 12 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Threaded Fasteners have a significant impact on Aircraft Fasteners market? |
What are the key factors affecting the Threaded Fasteners and Non-Threaded Fasteners of Aircraft Fasteners Market? |
What is the CAGR/Growth Rate of Civil Aircraft during the forecast period? |
By type, which segment accounted for largest share of the global Aircraft Fasteners Market? |
Which region is expected to dominate the global Aircraft Fasteners Market within the forecast period? |
Segmentation Level Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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