Aircraft Interior Fasteners Market Report

Market Insights

"The global aircraft interior fasteners market is likely to grow at a healthy rate over the next five years to reach US$ 644.4 million in 2024."

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Aircraft fasteners are used to assemble and hold various parts of the aircraft together. Fasteners play a vital role in an aircraft and are amongst the most essential hardware components. A wide variety of fasteners are used in the interior of an aircraft, such as bolts, screws, nuts, rivets, potted-inserts, clamps, and flanged spacers. Fasteners are used in all sorts of applications. They are used not only to join different parts of aircraft together like aircraft structure to the skin but are also used to install and to affix components, such as seats, stowage bins, and panels to the aircraft body. Fasteners have a very large share in hardware components used in an aircraft as about 45-50% of the components used in an aircraft are fasteners. For instance; Airbus’ A380 aircraft has six million components out of which more than three million are fasteners.

Market Dynamics

Market Drivers

The major driving factor for the aircraft interior fasteners market is an incessant increase in air passenger traffic all around the world, which is triggering an increasing production rates of key programs, such as B737, A320 family, B787, and A350XWB; market entry of new players, such as COMAC and Irkut; an introduction of variants of existing best-selling aircraft programs, such as B737 max, A320neo, and B777x; and increasing aircraft fleet size. All these factors will contribute to offering a sustainable growth to aircraft interior fasteners market.

The aircraft industry has efficaciously been ushering into a new era with a meticulous investment in advanced components that can address the changing business requirements in the most effective manner. All the major OEMs have vigorously been incorporating composite components in their most-renowned aircraft models with the purpose to improve the overall fuel efficiency of aircraft. Such a shift from traditional metals to advanced lightweight composites is also recorded at the fasteners level as the industry stakeholders are betting on plastic fasteners, owing to their lightweight and high strength-to-weight ratio. 

Segments' Analysis

Fastener Trends

"The screw segment accounted for the largest market share."

Aircraft fasteners are broadly categorized as male and female fasteners. Screw, bolts, rivets, and studs are a part of male fasteners, whereas nut and inserts are the major types of female fasteners. The fastener type, the aircraft interior fasteners market is segmented into screws, bolts, nuts, potted-in inserts, panel fasteners, and others. Screws dominate the market and are estimated to remain the most dominant fastener type in the market in the coming five years. The interior section of an aircraft does not require permanent joints, such as riveting, owing to the fact that airliners refurbish the entire interiors periodically.

Aircraft Trends

"The commercial aircraft segment accounted for the largest market share."

The market is segmented based on the aircraft type as commercial aircraft, regional aircraft, general aviation, and military aircraft. Commercial aircraft is expected to remain the growth engine of the aircraft interior fasteners market during the forecast period of 2019 to 2024. Boeing and Airbus are increasing the production rates of their best-selling commercial aircraft programs in order to meet a huge pile of order backlogs. Also, COMAC and Irkut are entering the commercial aircraft industry with their C919 and MC-21 aircraft programs. Boeing anticipated that there would be total deliveries of 40,410 commercial aircraft worth US$ 6.25 trillion in the global marketplace during 2018-2037. This factor will create a sustainable demand for fasteners for commercial aircraft interiors globally in the foreseeable future.

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Application Trends

"The seat segment accounted for the largest market share."

The aircraft interior fasteners market is segmented as seats, galleys, ducts, stowage bins, lavatories, floor panels, sidewall panels, door & windows, and others. Seat is expected to remain the dominant application of fasteners in aircraft interiors in the coming five years, driven by a large number of seats per aircraft and a gradual inclination of airliners towards economy-class and premium-economy class seats by shying away from first-class seats.

Regional Insights

"North America accounted for the largest market share."

North America is expected to remain the largest aircraft interior fasteners market during the forecast period. The region is the manufacturing capital of the aerospace industry with the presence of many large- and small-sized tier players and fastener manufacturers. Furthermore, stricter emission norms have led to faster adoption of lighter aerospace-grade fasteners in the region. The USA is not only the largest region’s market but is also the largest market in the world.

Asia-Pacific is likely to depict the highest growth during the forecast period, with China, Japan, and India being the key sources of growth. Substantial growth in the air passenger and freight traffic in China and India are compelling aircraft manufacturers and tier players to open their manufacturing plants in the region. Also, both countries are incessantly increasing their defense budget with the purpose to acquire the latest military aircraft to solidify their defense capabilities. This, in turn, will create a healthy demand for fasteners in these countries in the coming years.  The involvement of Japanese conglomerates to become the risk-sharing partners in the next-generation commercial aircraft and upcoming indigenous regional aircraft (Mitsubishi MRJ) will further boost the demand for fasteners in aircraft interiors in the region.

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Key Players

The supply chain of this market comprises raw material suppliers, aircraft interior fastener manufacturers, distributors, tier players, aircraft OEMs, MRO companies, airlines, and aircraft leasing companies.

The key raw material suppliers for aircraft interior fasteners are-

• Alcoa
• Cytec Engineered Materials
• Nucor Corporation

whereas some of the major tier players are-

• Zodiac Aerospace (now part of Safran
• B/E Aerospace (now part of Collins Aerospace)
• Triumph Group
• Gill Corporation.

The key aircraft interior fastener manufacturers are-

• Precision Castparts Corp.
• Arconic Fastening Systems
• Lisi Aerospace
• Stanley Black & Decker, Inc.
• Penn Engineering.

The development of lightweight fasteners and forming strategic alliances with the aircraft OEMs and tier players are the key strategies adopted by the fastener manufacturers to gain a competitive edge in the market.

Note: The above list does not necessarily include all the top players in the market.

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Research Methodology

This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s aircraft interior fasteners market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Features

This detailed 300-page report on aircraft interior fasteners is another flagship research report of Stratview Research in the family aerospace fasteners. Stratview Research offers the broadest research portfolio in the aerospace & defense fasteners market covering more than ten detailed syndicated market reports. The Aircraft Interior Fasteners Market report provides the complete market analysis by providing the 10-year analysis (trend period: 2013-2018 and forecast period: 2019-2024) at the regional as well as the sub-segment level and detailed competitive analysis.  Also, the report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

What Deliverables Will You Get in this Report?

The aircraft interior fasteners market is segmented in the following ways:

By Aircraft Type:

• Commercial Aircraft
• Regional Aircraft
• General Aviation
• Military Aircraft

By Application Type:

• Seats
• Galleys
• Lavatory
• Ducts
• Stowage Bins
• Floor Panel
• Sidewall Panel
• Door & Windows
• Others

By Fastener Type:

• Screws
• Bolts
• Nuts
• Potted-in Inserts
• Panel Fasteners
• Others

By End-User Type:

• Original Equipment (OE)
• Aftermarket

By Region:

• North America (Country Analysis: The USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, The UK, Russia, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, Taiwan, Malaysia, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.