Aerospace Fasteners Market Report Global Forecast By Aircraft Type (Narrow body Aircraft, Wide Body Aircraft, Very Large Aircraft, Regional Transport Aircraft, Business Jet, Fighter Jet, Others), Material (Aluminum, Steel, Superalloys, Titanium), Product (Screws, Nuts and Bolts, Rivets, Pins and Others), Countries and Company Analysis (2025-2033)
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Aerospace Fasteners Market will reach US$ 12.53 billion by 2033, up from US$ 7.25 billion in 2024, with a CAGR of 6.27% between 2025 and 2033. Some of the variables that drive the market growth include technological advancements, expanding space exploration initiatives, growing aftermarket demand, rising defense budgets, stringent regulations, fuel-efficient aircraft designs, and a focus on reducing maintenance downtime.
Aerospace Fasteners Industry Outlooks
Aerospace fasteners are mostly utilized in aircraft manufacturing aero structures. The aircraft parts are not made in a single plant, but rather assembled in several manufacturing locations. But in the last stage of airplane assembly, fasteners turn these separate parts of an aircraft into a whole aircraft. Safety and weight are the two most important factors in the aircraft industry's fast development of lightweight materials to guarantee a more seamless functioning. As a result, high-quality materials are used for designing fasteners for aircraft in order to maximize longevity and load capacity. Aerospace fasteners, including those found on the empennage, wings, nose, pylon, nacelle, fuselage, and flight control surfaces, are made to withstand extreme gravity stresses with resilience.
The growing need for both military and commercial aircraft as a result of increased air travel and defense spending is projected to propel the expansion of the worldwide aerospace fasteners market. Moreover, the unexpected increase in demand for sophisticated fasteners can be linked to the growing use of composites and lightweight materials like titanium, which increase total fuel economy. Additionally, growing field investments in satellite launches and space exploration are important aspects that could influence how the industry develops. The emergence of low-cost airlines and the requirement for fleet modernization and growth are other factors that are fostering a favorable market climate. In addition, the need for aerospace fasteners is being pushed by strong support for air safety and dependability as well as developments in manufacturing technologies like three-dimensional (3D) printing.
| Report Features | Details |
|
Base Year |
2024 |
|
Forecast Years |
2025 - 2033 |
|
Historical Years |
2019 - 2024 |
|
Market Size in 2024 |
US$ 7.25 Billion |
|
Market Forecast in 2033 |
US$ 12.53 Billion |
|
Market Growth Rate (2025-2033) |
6.27% |
Driving Forces of Aerospace Fasteners Market
Growing Industry of Commercial Aviation
The exponential rise of the commercial aviation industry due to the increase in passenger traffic and aircraft deliveries is one of the major reasons fueling the growth of the global aerospace fasteners sector. For instance, According to a January 2024 statement from the International aviation Transport Association (IATA), aviation traffic globally was 94.1% of pre-pandemic levels and global revenue passenger kilometers climbed by 36.9% in 2023 compared to 2022.
Furthermore, orders for aircraft are rising for major global original equipment manufacturers (OEMs), including Boeing, Airbus, Bombardier, Embraer, and others. For instance, in 2023, Airbus and Boeing reported that 807 and 371 new aircraft orders, respectively, had been received. Moreover, compared to 480 and 663 in 2022, Boeing and Airbus supplied 528 and 735 aircraft, respectively, in 2023. As a result, rising air travel and new orders for aircraft OEMs are anticipated to fuel the aerospace fasteners market's growth over the forecast period.
Innovations and Advances in Technology
One of the primary variables fueling demand for aircraft fasteners is the aerospace industry's rapid technical developments. Another important trend in the aerospace fasteners market is the development of novel materials, coatings, and production techniques by manufacturers to enhance the functionality, dependability, and useful life of fastening systems. Since titanium alloys, superalloys, and composites offer such remarkable strength-to-weight, corrosion resistance, and fatigue resistance qualities, they are becoming more and more popular as fasteners. In addition, the nature of aviation necessitates the use of more advanced surface treatments and coatings, such as chromate conversion coatings, zinc-nickel alloy, and cadmium plating, to prevent corrosion in extremely stressful flight settings.
Additionally, in the manufacturing sector, 3D printing and robotics have shown their benefits. With less reliance on people, autonomous robotic manufacturing has accelerated production at a high degree of accuracy. Numerous benefits come with 3D printing technology: it is easily accessible, produces better quality, accelerates mass production, allows for tangible design and product testing, is cost-effective, innovative, and allows for customization; it can generate desired shapes and geometry and makes efficient use of raw materials for implementation; it produces less waste and reduces human error in design. For instance, leading American additive manufacturing business 3D Systems revealed in September 2023 that it had been given a USD 10.8 million contract by the US Air Force to provide a Large-format Metal 3D Printer Advanced Technology Demonstrator. Under the terms of the contract, considerable additive printing capabilities linked to hypersonic manufacturing were developed.
Asia Pacific Aerospace Fasteners Market
Asia-Pacific is predicted to increase at an incredible rate over the projection period. The increase is the result of expanding airports, an increase in air and freight traffic, and rising aviation industry spending from developing nations like China and India. Growing urbanization and the aviation industry's explosive growth are predicted to fuel additional demand for new aircraft and propel market expansion.
India Aerospace Fasteners Industry
The growing aviation industry and rising aircraft production are driving the notable expansion of the India aerospace fasteners market. The market serves both commercial and military aerospace applications, with an emphasis on lightweight materials and cutting-edge manufacturing techniques. To upgrade the quality and performance of their products, major firms are spending money on research and development. The government's "Make in India" campaigns increase domestic output even further. The expanding demand for maintenance, repair, and overhaul (MRO) services contributes to the industry's growth.
In January 2024, for example, IATA reported that airlines in the Asia-Pacific area continued to have the largest year-over-year growth rate among all regions, with a 126.1% increase in full-year international traffic in 2023 compared to 2022. India also announced in February 2024 that it will increase the number of airports to 149 and construct 517 new air routes in order to accommodate the growing demand in the aviation industry.
In addition to this expansion, the demand for aviation fasteners is anticipated to be driven by the region's airlines purchasing new aircraft. For example, Indigo gave Airbus a massive deal in July 2023 to supply 500 A320neo aircraft between 2030 and 2035. Similar to this, Air India contracted with Boeing to provide 220 aircraft and Airbus to deliver 250 aircraft in June 2023.
China Aerospace Fasteners Industry
The aviation industry's rapid expansion and rising aircraft production are driving the robust growth of the China aerospace fasteners industry. The rise of indigenous aircraft manufacturers, government investments in aerospace infrastructure, and the growing demand for air travel are all significant growth contributors. Improvements in fastener materials and manufacturing techniques brought about by technology improve the dependability and performance of products. The emphasis on space exploration projects and military modernization also drives up market demand. Strong backing from government programs and policies such as "Made in China 2025" seeks to strengthen domestic manufacturing capacities and establish China as a major player in the world market for aerospace fasteners. For instance, in September 2023, Comac was given a contract by China Eastern Airlines to deliver an additional 100 C 919 aircraft for a total of USD 10 billion. Between 2024 and 2031, the planes will be delivered in batches.
Global Aerospace Fasteners Company Analysis
The key players in aerospace fasteners industry are Arconic Corporation, TriMas Corporation, Würth Group, B&B Specialties, Inc., Boeing Distribution Services Inc., Bufab International AB, National Aerospace Fasteners Corporation and FSL Aerospace Ltd.
Global Aerospace Fasteners Company News
December 2023- Peerless Aerospace Fastener Corp. was given a firm-fixed-price purchase order by the US Defense Logistics Agency Aviation (DLA) for USD 11,537 thousand to supply PIN-RIVET fasteners.
October 2023- At the International Fastener Expo, Century Fasteners Corp. and Cherry Aerospace displayed their fastener and non-fastener components for the aerospace and military markets.
February 2023-An Indian airline, Air India, increased the size of its fleet by placing orders for more than 800 jump engines for more than 200 Boeing 737 Max and Airbus A320/A321neo aircraft. Since Air India has been a distinguished partner of CFM since 2002, the airlines have inked a deal for the same kind of trust-building.
September 2023-The Boeing Additive Manufacturing Plant (BAM), located in the small town of Algona, Washington, is a new manufacturing facility opened by the Boeing Company. For over thirty years, the company has been involved in additive manufacturing. The new additive manufacturing facility will make it easier to manufacture tool parts, parts for commercial and civil aircraft, and a variety of parts for spacecraft, airplanes, and drones.
May 2023-Howmet Aerospace Inc. announced that it will be attending the global industrial and transportation conference hosted by UBS. Prominent representatives of the company, such as the chairman, CEO, and CFO, delivered speeches at the international transportation and industrial conference.
Type– Market breakup in 7 viewpoints:
- Narrow body Aircraft
- Wide Body Aircraft
- Very Large Aircraft
- Regional Transport Aircraft
- Business Jet
- Fighter Jet
- Others
Material– Market breakup in 4 viewpoints:
- Aluminum
- Steel
- Superalloys
- Titanium
Product– Market breakup in 5 viewpoints:
- Screws
- Nuts and Bolts
- Rivets
- Pins
- Others
Countries– Market breakup in 25 viewpoints:
1. North America
1.1 United States
1.2 Canada
2. Europe
2.1 France
2.2 Germany
2.3 Italy
2.4 Spain
2.5 United Kingdom
2.6 Belgium
2.7 Netherland
2.8 Turkey
3. Asia Pacific
3.1 China
3.2 Japan
3.3 India
3.4 Australia
3.5 South Korea
3.6 Thailand
3.7 Malaysia
3.8 Indonesia
3.9 New Zealand
4. Latin America
4.1 Brazil
4.2 Mexico
4.3 Argentina
5. Middle East & Africa
5.1 South Africa
5.2 Saudi Arabia
5.3 UAE
All the key players have been covered from 4 Viewpoints:
- Business Overview
- Key Persons
- Recent Development & Strategies
- Financial Insights
Key Players Analysis:
- Arconic Corporation
- TriMas Corporation
- Würth Group
- B&B Specialties, Inc.
- Boeing Distribution Services Inc.
- Bufab International AB
- National Aerospace Fasteners Corporation
- FSL Aerospace Ltd.
Report Details:
| Report Features | Details |
| Base Year |
2024 |
| Historical Period |
2019 - 2024 |
| Forecast Period |
2025 - 2033 |
| Market |
US$ Billion |
| Segment Covered | Type, Material, Product, and Countries |
| Countries Covered |
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
|
| Companies Covered |
|
| Customization Scope |
20% Free Customization |
| Post-Sale Analyst Support |
1 Year (52 Weeks) |
| Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on request) |
Customization Services available
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1. Introduction
2. Research Methodology
3. Executive Summary
4. Market Dynamics
4.1 Growth Drivers
4.2 Challenges
5. Aerospace Fasteners Market
6. Market Share Analysis
6.1 By Aircraft Type
6.2 By Material
6.3 By Product
6.4 By Countries
7. Aircraft Type
7.1 Narrow body Aircraft
7.2 Wide Body Aircraft
7.3 Very Large Aircraft
7.4 Regional Transport Aircraft
7.5 Business Jet
7.6 Fighter Jet
7.7 Others
8. Material
8.1 Aluminum
8.2 Steel
8.3 Superalloys
8.4 Titanium
9. Product
9.1 Screws
9.2 Nuts and Bolts
9.3 Rivets
9.4 Pins
9.5 Others
10. Countries
10.1 North America
10.1.1 United States
10.1.2 Canada
10.2 Europe
10.2.1 France
10.2.2 Germany
10.2.3 Italy
10.2.4 Spain
10.2.5 United Kingdom
10.2.6 Belgium
10.2.7 Netherlands
10.2.8 Turkey
10.3 Asia Pacific
10.3.1 China
10.3.2 Japan
10.3.3 India
10.3.4 South Korea
10.3.5 Thailand
10.3.6 Malaysia
10.3.7 Indonesia
10.3.8 Australia
10.3.9 New Zealand
10.4 Latin America
10.4.1 Brazil
10.4.2 Mexico
10.4.3 Argentina
10.5 Middle East & Africa
10.5.1 Saudi Arabia
10.5.2 UAE
10.5.3 South Africa
11. Porter’s Five Forces Analysis
11.1 Bargaining Power of Buyers
11.2 Bargaining Power of Suppliers
11.3 Degree of Rivalry
11.4 Threat of New Entrants
11.5 Threat of Substitutes
12. SWOT Analysis
12.1.1 Strength
12.1.2 Weakness
12.1.3 Opportunity
12.1.4 Threat
13. Key Players Analysis
13.1 Arconic Corporation
13.1.1 Overview
13.1.2 Key Persons
13.1.3 Recent Development & Strategies
13.1.4 Revenue Analysis
13.2 TriMas Corporation
13.2.1 Overview
13.2.2 Key Persons
13.2.3 Recent Development & Strategies
13.2.4 Revenue Analysis
13.3 Würth Group
13.3.1 Overview
13.3.2 Key Persons
13.3.3 Recent Development & Strategies
13.3.4 Revenue Analysis
13.4 B&B Specialties, Inc.
13.4.1 Overview
13.4.2 Key Persons
13.4.3 Recent Development & Strategies
13.4.4 Revenue Analysis
13.5 Boeing Distribution Services Inc.
13.5.1 Overview
13.5.2 Key Persons
13.5.3 Recent Development & Strategies
13.5.4 Revenue Analysis
13.6 Bufab International AB
13.6.1 Overview
13.6.2 Key Persons
13.6.3 Recent Development & Strategies
13.6.4 Revenue Analysis
13.7 National Aerospace Fasteners Corporation
13.7.1 Overview
13.7.2 Key Persons
13.7.3 Recent Development & Strategies
13.7.4 Revenue Analysis
13.8 FSL Aerospace Ltd.
13.8.1 Overview
13.8.2 Key Persons
13.8.3 Recent Development & Strategies
13.8.4 Revenue Analysis
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