The Aerospace Fastener Market - Global Market Share, Trends, Analysis and Forecasts, 2023-2032 provides insights on key developments, business strategies, research & development activities, supply chain analysis, competitive landscape, and market composition analysis.

Aerospace fasteners are critical to maintain the integrity of aircrafts and other airborne equipment such as rockets and missiles. The aircrafts and other aerospace structures are subjected to high pressure and temperature during the operation and thus requires equipment and components manufactured with utmost quality.

The manufacturers of aerospace fasteners have to adhere to high quality and precision design and manufacturing standards. With the evolution of aerospace industry, the aerospace grade fasteners have also evolved to meet the quality requirements. The expansion of aerospace industry across the globe fueled by increased investment in military & defense and rising demand for commercial aircrafts is expected to drive the growth of the global aerospace fasteners market during the forecast period.

Increased demand for wide-body aircrafts to drive the growth of the global market

The global aerospace fastener market is segmented on the basis of product type, material, fixing type, aircraft type, application, aviation type, end user, and geography. Based on aircraft type, the global aerospace fastener market is segmented into narrow body aircraft, wide body aircraft, regional transport aircraft, business jets, fighter jets, and others. The wide body aircraft contributed the largest share to the global aerospace fastener market in 2019 and is anticipated to be the fastest growing segment during the forecast period.

The wide body aircrafts facilitate increased number of on-board passengers and offer high efficiency, thus are witnessing increased demand for passenger and cargo movement across the globe. This is anticipated to drive the growth of aerospace fasteners in manufacturing and MRO from wide body aircrafts in coming years. The business jets segment is anticipated to witness prominent growth during the forecast period.

Increased number of commercial aircraft deliveries and growth of MRO services to drive market growth

Based on aviation type, the global aerospace fastener market is segmented into military aviation, commercial aviation, general aviation, business aviation, and others. The commercial aviation segment held the largest share of the global aerospace fasteners market in 2019 owing to increased number of aircraft orders and deliveries of commercial aircrafts across the globe.

Growth in passenger movement and emergence of new airways is expected to contribute towards the growth of the global aerospace fasteners market. The military aviation is anticipated to grow significantly during the forecast period owing to increased military spending on strengthening air power across major countries.

Based on geography, the global aerospace fastener market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America contributed a dominating share to the global aerospace fasteners market in 2019 and is expected to grow significantly during the forecast period owing to the presence of leading aircraft manufacturers across the United States.

Increased investment in military aviation and increasing order for commercial aircrafts are anticipated to be the key attributes driving the growth of the North America aerospace fasteners market during the forecast period. Asia Pacific is anticipated to be the fastest growing region during the forecast owing to emergence of new airlines and expansion of aerospace MRO across major countries such as China, India, Japan, and Australia.

Major players active in the global aerospace fastener market include 3V Fasteners Company Inc., Accumen Global Technologies, Advanced Logistics for Aerospace, Alcoa Fastening Systems & Rings, Allfast Fastening Systems, Arconic, AVDEL, B&B Specialties, Inc., B/E Aerospace, Inc., Bufab Group, EADS Group, Ho-Ho-Kus Inc., LISI AEROSPACE, National Aerospace Fasteners Corporation, Precision Castparts Corporation, STANLEY, TFI Aerospace, and TPS Aviation Inc.

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