Aerospace Fasteners Market Grows at a CAGR of 7% during forecast 2023 to reach $9 billion

Posted November 12, 2018 by sakkk18

Global Aerospace Fasteners Market Information by Application (Commercial Aerospace and Military), Aircraft Class (Commercial Aircraft & Military Aircraft), and Region- Forecast To 2023
Market Overview

The aerospace industry use wide range of fasteners such as nuts, bolts, screws, rivets, pins and high locks during the making of aircraft and its parts. The factors driving the market growth are growing demand for aircraft, use of titanium fasteners, fleet utilization, and aircraft replacement has strengthen the line fit and retrofit aerospace fasteners market. Market Research Future predicts the market to grow at a CAGR of around 7% during the forecast period, to reach $9 billion.

Next generation aircraft like A320 family, B787, B777X, and A380 constitute approx. 2.4 million to 3 million fasteners in an aircraft. The combined backlog of Boeing and Airbus as of today has an order book of close to 12,000 aircraft, representing between eight and 10 years’ production. Majority of backlogs are for A320 family aircraft and B737Max. Thus, the demand for fasteners will significantly grow in the forecast period.
Access the market data and information presented through over 60 tables and figures spread 80+ pages of the project report. Avail in-depth table of content (TOC) & market synopsis on “Global Aerospace Fasteners Market Research Report- Forecast to 2021"

Geographically, North America would be the largest market for aerospace fasteners market in the forecast period. Whereas, APAC is likely to be the fastest growing market due to the significant increase in the number of aircraft and MRO opportunities in the region.

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Key Findings

• In 2015, the Americas had the largest share of 45% in the market and is expected to lead with 40.5% market share by 2021
• APAC is likely to be the fastest growing market, due to the significant increase in the number of aircraft in the region
• Growing air traffic and aircraft utilization are the driving factors for aerospace fasteners market
• Alcoa, 3V Fasteners, LISI Aerospace, B&B Specialties are the major vendors of aerospace fasteners market
• By 2021, commercial aerospace is likely to have the market share of around 62%

Key Players

The leading market players in the global Aerospace Fasteners Market primarily include 3V Fasteners, Alcoa, B&B Specialties, KLX, LISI Aerospace, STANLEY Engineered Fastening, NAFCO, Stanley Aerospace Fastening, and Acument Global Technologies.

Target Audience

• Commercial and Military Aircraft OEMs
• Component and Raw Material Suppliers
• Service Suppliers
• Potential Investors
• Key executive (CEO and COO) and strategy growth manager

Study Objective of Aerospace Fasteners Market

• To provide detailed analysis of the market structure along with forecast for the next 5 years of the various segments and sub-segments of the Global Aerospace Fasteners Market
• Upcoming technologies, high growth geographies and countries were identified
• Regional and country specific demand and forecast for aerospace fasteners were studied
• Key segments covered in the report are: application, aircraft class, and region
• Under aircraft type, both commercial and military aircraft is taken into consideration
• In service fleets, current aircraft orders and future deliveries were taken into consideration while forecasting the market for commercial and military fasteners
• Average selling price for all different aircraft models and fasteners was finalized; same was referred for forecasting, keeping few assumptions into factor
• For all the regions: key companies, forecast demand for aircraft, passenger traffic and fasteners demand were identified and then with historical Figure, data collected through primary and annual reports were triangulated to derive the regional market size
Regional and Country Analysis of Aerospace Fasteners Market

As per the MRFR analysis, the Americas Aerospace Fasteners market is poised to reach $XX billion in 2021, to grow at a CAGR of around 5% during the forecasted period. Whereas, EMEA and Asia Pacific will grow at a CAGR of around 7% and 12% respectively.
In 2014, more than 20,000 aircraft were in service globally, and this is likely to double in the next 20 years. By 2034, emerging regions like Asia and the Middle East are expected to have aircraft nearly 17,000 aircraft delivered. These factors will drive the market during the forecast period.
The report also covers country level analysis:

Americas (North and Latin)
• US
• Canada
• Brazil
• Others
• Germany
• France
• Italy
• Spain
• UK
• Rest of Europe
Asia – Pacific
• China
• India
• Japan
• Australia/New Zealand
• Rest of Asia-Pacific
Middle East & Africa
• Kuwait
• Israel
• Rest of middle East & Africa
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About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.


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Issued By MRFR
Country India
Categories Aerospace , Business , Research
Tags aerospace fasteners market , aerospace fasteners market analysis , aerospace fasteners market future scope , aerospace fasteners market growth , aerospace fasteners market share , aerospace fasteners market size , aerospace fasteners market trends
Last Updated November 12, 2018