Aerospace Fasteners Market Size, Product Trends, Key Companies, Revenue Share Analysis, 2022-2030

Rise in demand for commercial aircrafts has led to an increase in the production of aerospace fasteners, which is expected to drive market revenue growth

Market Size – USD 7.40 Billion in 2020, Market Growth – at a CAGR of 6.8%, Market Trends – Growth of aerospace sector

The 

aerospace fasteners market size is expected to reach USD 14.39 Billion in 2030 and register a revenue CAGR of 6.8% over the forecast period, according to the latest report by Reports and Data. Steady market revenue growth of aerospace fasteners is due to a number of factors such as increase in production of commercial aircrafts, rising defense expenditure and an increase in global tourism. However, growing application of composite materials in aerospace manufacturing could affect market revenue growth over forecast period.

The aerospace industry employs a variety of standard fasteners, including screws, rivers, nuts, bolts, pins, and collars. As aerospace equipment and structures are often subjected to extreme environments (e.g., high pressures and temperatures or exposure to burning fuel), they must be designed and constructed to withstand these conditions, even down to the fasteners that hold them together. As a result, several different designs of high-quality fasteners have been developed which are suitable for specifications and standards framed for aerospace industry.

Companies profiled in the global market include Howmet Aerospace Inc., 3V Fastener Company Inc., Boeing Distribution Services Inc., National Aerospace Fasteners Corporation, LISI Aerospace, TFI Aerospace Corporation, TPS Aviation Inc., TriMas Corporation, B&B Specialties Inc., Ho-Ho-Kus Inc., and Wesco Aircraft Holdings, Inc

Get a sample of the report @ https://www.reportsanddata.com/download-free-sample/1571

The report also presents a comprehensive analysis of global Aerospace Fasteners market in view of the Covid-19 pandemic. The pandemic has affected the market in terms of sales, production, financial investment, international trade activities and market disruption.

Some Key Highlights from the Report

• By product, rivets segment accounted for largest market revenue share in 2020 and is expected to witness a faster revenue CAGR during the forecast period. This growth is attributed to increase in utilization of rivets in aircraft manufacturing, owing to its advantages over other fasteners. Rivets offer advantages such as rigid connectivity to aero structures, and high reliability when subjected to vibration, among others. These advantages of rivets are driving its demand for assembly and manufacturing of aero structure to provide improved safety to passengers, and in turn, this is expected to drive segment revenue growth.
• By application, fuselage segment accounted for largest market revenue share in 2020 and is expected to witness a faster revenue CAGR during the forecast period. Fuselage is the main structural component, that generally acts as framework of an aircraft. Previously, aluminum fuselages were used, but nowadays composite-based fuselages are taken into account while manufacturing aircrafts as it reduces possible damage to the aircraft body, while delivering high performance. Increased demand of aircrafts is driving this segment revenue growth. One complete fuselage assembly requires various joints where aerospace fasteners are used. Commercial and military aircraft’s rising demand is expected to lead to demand for more fuselages. These factors will hence boost the demand for aerospace fasteners.
• Aerospace fasteners market in North America accounted for largest revenue share in 2020 due to presence of leading aircraft manufacturers such as Boeing, Bombardier and many more in this region. Adoption of advanced aircraft manufacturing technologies within the region and increased investments in research and development activities are boosting the revenue growth of market in North America.
• Aerospace fasteners market in Asia Pacific region is expected to witness fastest revenue CAGR during the forecast period owing to growing development and number of aircraft OEMs in aviation industry in the region. Increase in disposable income and migration of people toward big cities are improving prospects of aviation industry to flourish. Growing initiatives to boost tourism sector in various countries in the region and easier international travel are expected to fuel growth of aviation industry. Consequently, these factors will boost growth of aerospace fasteners market, due to rise in demand for new aircraft.

To understand how our Aerospace Fasteners Market report can bring difference to your business strategy:-Download Summary 

For the purpose of this report, Reports and Data has segmented aerospace fasteners market based on product, end-use, material, aircraft, application, and region:

Product Outlook (Revenue, USD Million; 2018–2030)

• Nuts & Bolts
• Rivets
• Screws
• Others

End-use Outlook (Revenue, USD Million; 2018–2030)

• Commercial
• Defense

Material Outlook (Revenue, USD Million; 2018–2030)

• Aluminum
• Alloy Steel
• Titanium
• Others

Aircraft Outlook (Revenue, USD Million; 2018–2030)

• Narrow Body
• Wide Body
• Very large
• Regional Transport
• Business Jet
• Fighter Jet

Application Outlook (Revenue, USD Million; 2018–2030)

• Fuselage
• Control Surfaces
• Interior
• Others

Regional Outlook (Revenue, USD Million; 2018–2030)

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Key Questions Answered In The Report

1.      What will be the market size and growth rate in the forecast year?

2.      What are the key factors driving the global Aerospace Fasteners market?

3.      What are the risks and challenges in front of the market?

4.      Who are the key players in the global Aerospace Fasteners market?

5.      What are the trending factors influencing the market shares?

6.      What are the key outcomes of Porter’s five forces model?

7.      Which are the global opportunities for expanding the global Aerospace Fasteners market?

Request a customization on the report @ https://www.reportsanddata.com/request-customization-form/1571

Thank you for reading our report. The report can be customized according to the clients’ requirements. To know more about the report, kindly get in touch with us and our team will ensure the report is customized to meet your needs.

Table of Contents:

• Global Aerospace Fasteners Market Overview
• Economic Impact on Industry
• Market Competition by Manufacturers
• Production, Revenue (Value) by Region
• Market Effect Factors Analysis
• Industrial Chain, Sourcing Strategy and Downstream Buyers
• Supply (Production), Consumption, Export, Import by Regions
• Production, Revenue (Value), Price Trend by Type
• Global Aerospace Fasteners Market Forecast
• Global Aerospace Fasteners Market Analysis by Application
• Manufacturing Cost Analysis
• Marketing Strategy Analysis, Distributors/Traders

About Us:

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market.

Contact Us:

John W
Head of Business Development
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com
Reports and Data | Web: www.reportsanddata.com
Check our upcoming research reports @ https://www.reportsanddata.com/upcoming-reports
Visit our blog for more industry updates @ https://www.reportsanddata.com/blogs