Aerospace Fasteners Market Size, Share & Growth Report 2031
Aerospace Fasteners Market Size, Share & Growth Report 2031
Segments - Aerospace Fasteners Market by Product (Bolts & Screws, Nuts, and Rivets), Material (Aluminum, Steel, Titanium, Superalloys, and Others), Application (Fuselage, Control Surfaces, and Interior), Aircraft Type (Rotary-wing Aircraft [Civil Helicopters and Military Helicopters] and Fixed-wing Aircraft [Business, Commercial, Military, and Civil]), End-user (Military and Commercial Aviation), and Region (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
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| Report ID :MC-4961
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Report Description
The global aerospace fasteners market size was USD 7.5 Bn in 2022 and is likely to reach USD 13.1 Bn by 2031, expanding at a CAGR of 6.4% during 2023–2031. The market growth is attributed to an upsurge of international and domestic air travelers coupled with investments by governments worldwide in modernizing military air transport facilities.
Aerospace fasteners find applications in joining two or more components of aircraft frames. The widely used fasteners in aerospace industries are pins, screws, bolts, rivets, and nuts. High-performing alloys as specialty fasteners are used to meet the stringent safety standards for aerospace manufacturing.
The market report finds that the COVID-19 pandemic negatively impacted the aerospace fasteners market with decreased air travel across the globe. The supply of raw materials was reduced during the pandemic which affected the manufacturing of aerospace fasteners.
Aerospace Fasteners Market Dynamics
The global aerospace fasteners market report has up-to-date insights that help in formulating a strategic roadmap about the estimated market scenario and performance during 2023 to 2031.
What are the Drivers of the Aerospace Fasteners Market?
The need for aerospace fasteners is growing due to increased travel and tourism around the globe. The number of air travelers has risen significantly. Fulfillment of new aircraft production deliveries is on the rise which has boosted the market growth.
What are the Restraints of the Aerospace Fasteners Market?
The extensive use of composite materials in aircraft frame manufacturing has restrained the market growth of the aerospace fasteners market. Composite structural frames do not require the combination of individual components that have less use of fasteners hindering the market expansion.
What are the Opportunities in the Aerospace Fasteners Market?
Innovative design demands and technological advancements in metal 3D printing are providing growth opportunities for the aerospace fasteners market. Rising demand for application-specific industrial fastener designs is likely to provide growth opportunities for the aerospace fasteners market.
Scope of the Aerospace Fasteners Market Report
The global aerospace fasteners market research report includes an assessment of the market trends, market segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
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Report Title |
Aerospace Fasteners Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2022 |
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Historic Data |
2020–2021 |
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Forecast Period |
2023–2031 |
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Segmentation |
Product (Bolts & Screws, Nuts, and Rivets), Material (Aluminum, Steel, Titanium, Superalloys, and Others), Application (Fuselage, Control Surfaces, and Interior), Aircraft Type (Rotary-wing Aircraft [Civil Helicopters and Military Helicopters] and Fixed-wing Aircraft [Business, Commercial, Military, and Civil]), and End-user (Military and Commercial Aviation) |
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Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, Market Trends, and Revenue Forecast. |
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Key Players Covered in the Report |
TFI Aerospace; TriMas; B&B Specialties, LLC; 3V Fasteners Company, Inc.; Novaria; Arconic; Avantus Aerospace; HO-HO-KUS, Inc.; Alcoa Corporation; Boeing; and NAFCO. |
Aerospace Fasteners Market Segment Insights
Which Major Factors Influence the Significant Growth of the Bolts & Screws Segment?
Based on the product segment, the aerospace fasteners market is divided into bolts & screws, nuts, and rivets.
The bolts & screws segment is expected to expand at a significant growth rate during the projection period due to the wide usage of externally threaded fasteners. Bolts and screws dominate the market share due to their broad scope of availability and application in aircraft manufacturing.
What Key Factors Contribute to the Significant Expansion of the Superalloys Segment?
On the basis of material, the global aerospace fasteners market is divided into aluminum, steel, titanium, superalloys, and others.
The superalloys segment is projected to register a considerable CAGR during the forecast period due to the exceptional resistance in fluctuating temperatures and resistance to pressure changes. High durability and corrosion resistance make superalloys the preferred choice for military aircraft actuation systems. Wide applications in flight control systems and aircraft landing gear are boosting segment growth.
What are the Main Aspects of Boosting the Fuselage Segment?
On the basis of application, the aerospace fasteners market is segmented into the fuselage, control surfaces, and interior.
The fuselage segment is expected to register a robust growth rate during the forecast period owing to mass fuselage productions as a premier structural component in an aircraft framework. The development of one fuselage assembly consists of several joints where aerospace fasteners are widely used which has boosted the segment expansion.
Which Major Factors Influence the Significant Growth of the Fixed-wing Aircraft Segment?
Based on the aircraft type, the aerospace fasteners market is bifurcated into rotary-wing aircraft and fixed-wing aircraft.
The fixed-wing aircraft segment is expected to register a robust growth rate during the forecast period with a large demand for commercial aircraft in civil aviation. Increased air travel by citizens around the world with augmented living standards has expanded the segment’s growth.
What are the Main Aspects of Boosting the Commercial Aviation Segment?
On the basis of the end-user segment, the aerospace fasteners market is bifurcated into military and commercial aviation.
The commercial aviation segment is expected to grow at the highest CAGR during the forecast period owing to the growing demand for new aircraft for civil aviation from developing countries.
Why is North America Dominating the Aerospace Fasteners Market?
In terms of region, the global aerospace fasteners market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa.
North America is expected to dominate the market during the forecast due to a well-established wide manufacturing base of aerospace companies. Increasing volumes of air travelers in civil and military air travel have boosted the market growth in the region.
Segments
The global aerospace market fasteners have been segmented on the basis of
Product
- Bolts & Screws
- Nuts
- Rivets
Material
- Aluminum Steel
- Titanium
- Superalloys
- Others
Application
- Fuselage
- Control Surfaces
- Interior
Aircraft Type
- Rotary-wing Aircraft
- Civil Helicopters
- Military Helicopters
- Fixed-wing Aircraft
- Business
- Commercial
- Military
- Civil
End-user
- Military
- Commercial Aviation
Region
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- TFI Aerospace
- TriMas
- B&B Specialties, LLC
- 3V Fasteners Company, Inc.
- Novaria
- Arconic
- Avantus Aerospace
- HO-HO-KUS, Inc.
- Alcoa Corporation
- Boeing
- NAFCO
Competitive Landscape
Key players competing in the global aerospace fasteners market are TFI Aerospace; TriMas; B&B Specialties, LLC; 3V Fasteners Company, Inc.; Novaria; Arconic; Avantus Aerospace; HO-HO-KUS, Inc.; Alcoa Corporation; Boeing; and NAFCO.
These companies adopted development strategies including mergers, acquisitions, partnerships, collaboration, product launches, and production expansion to expand their consumer base worldwide.
- On March 9, 2021, Novaria acquired The Young Engineers, Inc., a leader in aircraft and aerospace hardware design and manufacturing, with a prime focus on fasteners and inserts.
- On September 29, 2020, Avantus Aerospace, a global leader in C-Class and Composite parts of the aerospace industry, acquired Fastener Innovation Technology, expanding fastener applications of Avantus Aerospace to more than 25 aircraft platforms.
Frequently Asked Questions
The global aerospace fasteners market size was USD 7.5 Bn in 2022 and is likely to reach USD 13.1 Bn by 2031, expanding at a compound annual growth rate of 6.4% during 2023–2031.
The market growth is attributed to an upsurge of international and domestic air travelers coupled with investments by governments worldwide in modernizing military air transport facilities.
For regional analysis, North America is likely to dominate the aerospace fasteners during the forecast period.
The aerospace fasteners key market players are TFI Aerospace; TriMas; B&B Specialties, LLC; 3V Fasteners Company, Inc.; Novaria; Arconic; Avantus Aerospace; HO-HO-KUS, Inc.; Alcoa Corporation; Boeing; and NAFCO.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Aerospace Fasteners Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Aerospace Fasteners Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Aerospace Fasteners Market - Supply Chain
4.5. Global Aerospace Fasteners Market Forecast
4.5.1. Aerospace Fasteners Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Aerospace Fasteners Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Aerospace Fasteners Market Absolute $ Opportunity
5. Global Aerospace Fasteners Market Analysis and Forecast by Applications
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Applications
5.2.2. Y-o-Y Growth Projections by Applications
5.3. Aerospace Fasteners Market Size and Volume Forecast by Applications
5.3.1. Fuselage
5.3.2. Control Surfaces
5.3.3. Interior
5.4. Absolute $ Opportunity Assessment by Applications
5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Aerospace Fasteners Market Analysis and Forecast by End Users
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by End Users
6.2.2. Y-o-Y Growth Projections by End Users
6.3. Aerospace Fasteners Market Size and Volume Forecast by End Users
6.3.1. Military
6.3.2. Commercial Aviation
6.4. Absolute $ Opportunity Assessment by End Users
6.5. Market Attractiveness/Growth Potential Analysis by End Users
7. Global Aerospace Fasteners Market Analysis and Forecast by Region
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Region
7.2.2. Y-o-Y Growth Projections by Region
7.3. Aerospace Fasteners Market Size and Volume Forecast by Region
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. Asia Pacific
7.3.5. Middle East and Africa (MEA)
7.4. Absolute $ Opportunity Assessment by Region
7.5. Market Attractiveness/Growth Potential Analysis by Region
7.6. Global Aerospace Fasteners Demand Share Forecast, 2019-2026
8. North America Aerospace Fasteners Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.2. North America Aerospace Fasteners Market Size and Volume Forecast by Country
8.2.1. U.S.
8.2.2. Canada
8.3. Absolute $ Opportunity Assessment by Country
8.4. North America Aerospace Fasteners Market Size and Volume Forecast by Applications
8.4.1. Fuselage
8.4.2. Control Surfaces
8.4.3. Interior
8.5. Basis Point Share (BPS) Analysis by Applications
8.6. Y-o-Y Growth Projections by Applications
8.7. North America Aerospace Fasteners Market Size and Volume Forecast by End Users
8.7.1. Military
8.7.2. Commercial Aviation
8.8. Basis Point Share (BPS) Analysis by End Users
8.9. Y-o-Y Growth Projections by End Users
8.10. Market Attractiveness/Growth Potential Analysis
8.10.1. By Country
8.10.2. By Product Type
8.10.3. By Application
8.11. North America Aerospace Fasteners Demand Share Forecast, 2019-2026
9. Latin America Aerospace Fasteners Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Latin America Average Pricing Analysis
9.2. Latin America Aerospace Fasteners Market Size and Volume Forecast by Country
9.2.1. Brazil
9.2.2. Mexico
9.2.3. Rest of Latin America
9.3. Absolute $ Opportunity Assessment by Country
9.4. Latin America Aerospace Fasteners Market Size and Volume Forecast by Applications
9.4.1. Fuselage
9.4.2. Control Surfaces
9.4.3. Interior
9.5. Basis Point Share (BPS) Analysis by Applications
9.6. Y-o-Y Growth Projections by Applications
9.7. Latin America Aerospace Fasteners Market Size and Volume Forecast by End Users
9.7.1. Military
9.7.2. Commercial Aviation
9.8. Basis Point Share (BPS) Analysis by End Users
9.9. Y-o-Y Growth Projections by End Users
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.11. Latin America Aerospace Fasteners Demand Share Forecast, 2019-2026
10. Europe Aerospace Fasteners Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Europe Average Pricing Analysis
10.2. Europe Aerospace Fasteners Market Size and Volume Forecast by Country
10.2.1. Germany
10.2.2. France
10.2.3. Italy
10.2.4. U.K.
10.2.5. Spain
10.2.6. Russia
10.2.7. Rest of Europe
10.3. Absolute $ Opportunity Assessment by Country
10.4. Europe Aerospace Fasteners Market Size and Volume Forecast by Applications
10.4.1. Fuselage
10.4.2. Control Surfaces
10.4.3. Interior
10.5. Basis Point Share (BPS) Analysis by Applications
10.6. Y-o-Y Growth Projections by Applications
10.7. Europe Aerospace Fasteners Market Size and Volume Forecast by End Users
10.7.1. Military
10.7.2. Commercial Aviation
10.8. Basis Point Share (BPS) Analysis by End Users
10.9. Y-o-Y Growth Projections by End Users
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.11. Europe Aerospace Fasteners Demand Share Forecast, 2019-2026
11. Asia Pacific Aerospace Fasteners Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Asia Pacific Average Pricing Analysis
11.2. Asia Pacific Aerospace Fasteners Market Size and Volume Forecast by Country
11.2.1. China
11.2.2. Japan
11.2.3. South Korea
11.2.4. India
11.2.5. Australia
11.2.6. Rest of Asia Pacific (APAC)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Asia Pacific Aerospace Fasteners Market Size and Volume Forecast by Applications
11.4.1. Fuselage
11.4.2. Control Surfaces
11.4.3. Interior
11.5. Basis Point Share (BPS) Analysis by Applications
11.6. Y-o-Y Growth Projections by Applications
11.7. Asia Pacific Aerospace Fasteners Market Size and Volume Forecast by End Users
11.7.1. Military
11.7.2. Commercial Aviation
11.8. Basis Point Share (BPS) Analysis by End Users
11.9. Y-o-Y Growth Projections by End Users
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.11. Asia Pacific Aerospace Fasteners Demand Share Forecast, 2019-2026
12. Middle East & Africa Aerospace Fasteners Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Middle East & Africa Average Pricing Analysis
12.2. Middle East & Africa Aerospace Fasteners Market Size and Volume Forecast by Country
12.2.1. Saudi Arabia
12.2.2. South Africa
12.2.3. UAE
12.2.4. Rest of Middle East & Africa (MEA)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Middle East & Africa Aerospace Fasteners Market Size and Volume Forecast by Applications
12.4.1. Fuselage
12.4.2. Control Surfaces
12.4.3. Interior
12.5. Basis Point Share (BPS) Analysis by Applications
12.6. Y-o-Y Growth Projections by Applications
12.7. Middle East & Africa Aerospace Fasteners Market Size and Volume Forecast by End Users
12.7.1. Military
12.7.2. Commercial Aviation
12.8. Basis Point Share (BPS) Analysis by End Users
12.9. Y-o-Y Growth Projections by End Users
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.11. Middle East & Africa Aerospace Fasteners Demand Share Forecast, 2019-2026
13. Competition Landscape
13.1. Global Aerospace Fasteners Market: Market Share Analysis
13.2. Aerospace Fasteners Distributors and Customers
13.3. Aerospace Fasteners Market: Competitive Dashboard
13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
13.4.1. TFI Aerospace
13.4.2. TriMas
13.4.3. B&B Specialties, LLC
13.4.4. 3V Fasteners Company, Inc.
13.4.5. Novaria
13.4.6. Arconic
13.4.7. Avantus Aerospace
13.4.8. HO-HO-KUS, Inc.
13.4.9. Alcoa Corporation
13.4.10. Boeing
13.4.11. NAFCO
Methodology
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