• Blog
  • Aircraft Bolts Market Growth Analysis | 2023-2028

    Aircraft Bolts Market Growth Analysis | 2023-2028

    Aircraft Bolts Market Growth Analysis | 2023-2028
    Report code - SR2694 Published On : Aug,2023 No. of Pages: 140
    Aircraft Bolts Market Size, Share, Trends, Forecast, & Growth  Analysis - 20 See more...

    Market Insights

    The aircraft bolts market is likely to grow at a significant CAGR of 7.5% during 2023-2028 to reach USD 541.9 million in 2028.

    Aircraft-Bolts-Market-Insights

    Want to know more about the market scope? Register Here

    What are aircraft bolts?

    Aircraft bolts are specialized mechanical fasteners used in the aerospace industry for joining and securing various components of an aircraft. They play a crucial role in maintaining the structural integrity, safety, and reliability of the aircraft during operation. These bolts are designed to meet stringent requirements, ensuring they can withstand the extreme forces, stresses, and environmental conditions experienced during flight. They are manufactured from high-quality materials, such as stainless steel, steel alloys, aluminum, titanium, and other alloys, which offer excellent strength, corrosion resistance, and lightweight properties. Bolts currently account for approximately a fair share of the total aircraft fasteners market and are one of the fastest-growing fasteners in the industry.

    Aircraft Bolts Market Report Highlights

    Market Size in 2028

    USD 541.9 million

    Market Growth (2023-2028)

    7.5% CAGR

    Base Year of Study

    2022

    Trend Period

    2017-2021

    Forecast Period

    2023-2028

    Market Dynamics

    In 2020, the pandemic impacted the aircraft bolts market, causing a decline in double digits. The market further declined in 2021 and started recovering from 2022 onwards due to an increase in air travel post-pandemic and a recovery in the economy.

    The key factors impacting the growth of the market are the organic growth of the aircraft industry coupled with the development of lightweight and corrosion-resistant bolts, rising aircraft fleet size, an increase in the production rates of the key aircraft programs, including the A320neo, B737 Max, A220, B787, and A350XWB, and the market entry of new players, such as COMAC and Irkut.

    Recent Market JVs and Acquisitions:

    In recent years, several acquisitions have been performed by companies in the market to expand their product portfolio, regional presence, and leadership in the aircraft bolts market.

    • In December 2021, TriMas Corporation acquired TFI Aerospace, a manufacturer of bolts and other fasteners used in a variety of applications for aerospace and other industrial markets. This acquisition helped to expand TriMas Aerospace’s fastener product lines with the addition of complementary niche products.
    • In January 2020, Consolidated Aerospace Manufacturing, LLC (CAM) agreed to be acquired by Stanley Black & Decker, Inc. This acquisition helps to further diversify the growth of Stanley Black & Decker, Inc.’s industrial business segment.

    Segment Analysis

    Segmentations

    List of Sub-Segments

    Dominant and Fastest-Growing Segments

    Aircraft -Type Analysis

    Commercial Aircraft, Regional Aircraft, Helicopters, Military Aircraft, and General Aviation

    Commercial aircraft is anticipated to remain the biggest demand generator for aircraft bolts in the years to come.

    Application- Type Analysis

    Airframe, Flight Control Surfaces, Interior, Engine, and Others

    Airframe is anticipated to remain dominant in the market. Fuselage and wings cover a large surface area and have thousands of bolts deployed in them.

    Material- Type Analysis

    Titanium, Steel, and Others

    Titanium is anticipated to remain the dominant material in the years to come, propelled by the increasing usage of titanium in the manufacturing of bolts by replacing steel.

    End-User- Type Analysis

    OE and Aftermarket

    OE is to remain the dominant and faster growing end-user during the forecast period.

    Bolt Type Analysis

    General Bolt and Blind Bolt

    General bolt to remain the dominant bolt during the forecast period.

    Regional Analysis

    North America, Europe, Asia-Pacific, and The Rest of the World

    North America is expected to remain the dominant market over the next five years, whereas Asia-Pacific is likely to be the fastest-growing market in the forecast period.

    By Aircraft Type

    The aircraft bolts market is segmented into commercial aircraft, regional aircraft, helicopters, military aircraft, and general aviation. Commercial aircraft is expected to remain the largest and fastest-growing aircraft type in the market during the forecast period. Both Boeing and Airbus are raising the production rates of their respective best-selling commercial aircraft programs. Further, there is also an increase in the production rate of key aircraft programs B787 and A350XWB, the expected entry of new aircraft programs (C919, B777x, and MC-21), and the rising fleet size of commercial aircraft, which is further expected to spur the growth of the segment.

    By Application Type

    The market is segmented into airframes, flight control surfaces, interiors, engines, and others. Airframe is expected to remain the dominant application type in the market during the forecast period. The airframe is the largest structure, and it is made up of a variety of components that are held together with bolts and nuts. Airframe requires frequent inspection and repair, which often involves the replacement of bolts. This ongoing need for maintenance and repair will further contribute to the demand for bolts in the airframe segment.

    By Material Type

    The market is segmented into titanium, steel, and others. Titanium is expected to remain the dominant material type in the market during the forecast period due to its lightweight, high strength-to-weight ratio, and corrosion-resistant properties. This is crucial for aircraft, as reducing weight can improve fuel efficiency and increase payload capacity. Titanium bolts provide reliable and long-lasting fastening solutions, which are further expected to drive market growth during the forecast period.

    By Bolt Type

    The market is segmented into general bolt and blind boltGeneral bolt is expected to remain the dominant bolt type in the market during the forecast period. General bolts are versatile fasteners that can be used in a wide range of applications within an aircraft. Their generic design and usability make them suitable for various components and panels. However, blind bolts are likely to experience the fastest growth during the forecast period owing to an increase in the preference for blind bolts over traditional bolts.

    Regional Insights

    North America is expected to remain the largest market for aircraft bolts during the forecast period. The region is the manufacturing capital of the aircraft industry, with the presence of several large- to small-sized aircraft OEMs, tier players, bolt manufacturers, and distributors. The USA is the key source of growth.

    Asia-Pacific is likely to exhibit the highest growth during the same period. China and India are the growth engines of Asia-Pacific’s aircraft bolts market. These economies keep on generating high demand for commercial aircraft to support the rising passenger traffic.

    Aircraft-Bolts-Market-Regional-Insights

    Know the high-growth countries in this report. Register Here

    Critical Questions Answered in the Report

    • What are the key trends in the global market?
    • How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
    • What is the impact of COVID-19 on the global market?
    • What are the key strategies adopted by the major vendors to lead in the market?
    • What is the market share of the top vendors?

    Market Segmentation

    This report studies the market covering a period of 12 years of trend and forecast. 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.

    The aircraft bolts market is segmented into the following categories.

    By Aircraft Type

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

    By Bolt Type

    • General Bolts
    • Blind Bolts

    By Application Type

    • Airframe
    • Flight Control Surfaces
    • Interiors
    • Engine
    • Others

    By Material Type

    • Titanium
    • Steel
    • Others

    By End-User Type

    • OE
    • Aftermarket

    By Region

    • North America (Country Analysis: The USA, Canada, and Mexico)
    • Europe (Country Analysis: Germany, France, The UK, Russia, and, The Rest of Europe)
    • Asia-Pacific (Country Analysis: Japan, China, India, and The Rest of the Asia-Pacific)
    • Rest of the World (Country Analysis: Saudi Arabia, Brazil, and Others)

    Aircraft-Bolts-Market-Segmentation

    Click Here, to learn the market segmentation details

    Key Players

    The market is moderately concentrated, with the presence of some local, regional, and global players. Most of the major players compete on some of the governing factors, including price, product offerings, regional presence, etc. The following are the key players in the aircraft bolts market.

    • Howmet Aerospace
    • Precision Castparts Corp.
    • TriMas Corporation
    • LISI Aerospace
    • National Aerospace Fasteners Corporation
    • Stanley Black and Decker, Inc.

    Research Methodology

    This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s aircraft bolts 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 market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate 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 1,000 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 market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market.

    What Deliverables Will You Get in this Report?

    Key questions this report answers

    Relevant contents in the report

    How big is the sales opportunity?

    In-depth Analysis of the Aircraft Bolts Market

    How lucrative is the future?

    Market forecast and trend data and emerging trends

    Which regions offer the best sales opportunities?

    Global, regional, and country-level historical data and forecasts

    Which are the most attractive market segments?

    Market Segment Analysis and Forecast

    Which are the top players and their market positioning?

    Competitive landscape analysis, Market share analysis

    How complex is the business environment?

    Porter’s five forces analysis, PEST analysis, Life cycle analysis

    What are the factors affecting the market?

    Drivers & challenges

    Will I get the information on my specific requirements?

    10% free customization

    Report 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 three players)
    • SWOT analysis of key players (up to three 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 to sales@stratviewresearch.com.

    Frequently Asked Questions (FAQ)

    Aircraft bolts are specialized mechanical fasteners used in the aerospace industry for joining and securing various components of an aircraft. They play a crucial role in maintaining the structural integrity, safety, and reliability of the aircraft during operation. These bolts are designed to meet stringent requirements, ensuring they can withstand the extreme forces, stresses, and environmental conditions experienced during flight. They are manufactured from high-quality materials, such as stainless steel, steel alloys, aluminum, titanium, and other alloys, which offer excellent strength, corrosion resistance, and lightweight properties. Bolts currently account for approximately a fair share of the total aircraft fasteners market and are one of the fastest-growing fasteners in the industry.

    The aircraft bolts market is estimated to grow at a CAGR of 7.5% by 2028, driven by increasing in the production rates of the key aircraft programs, including the A320neo, B737 Max, A220, B787, and A350XWB, and the market entry of new players, such as COMAC and Irkut, and the increase in maintenance, repair, and overhaul (MRO) activities. Other factors, such as increase in preference for specialty fasteners over traditional fasteners, the development of lightweight and corrosion-resistant bolts, and the rising global aircraft fleet size, will also help to drive market growth in the forecast period.

    Howmet Aerospace, Precision Castparts Corp., TriMas Corporation, LISI Aerospace, and Stanley Black and Decker, Inc. are the leading players in the aircraft bolts market.

    North America is estimated to remain the most dominant market for aircraft bolts in the foreseeable future. North America has established itself as a major manufacturing hub, with many aircraft manufacturers and suppliers setting up production facilities in the region. The availability of skilled labor, cost advantages, and favorable business environments have attracted companies to invest in the aerospace industry, leading to an increased production of aircraft bolts.

    Asia-Pacific is estimated to remain the fastest-growing market for aircraft bolts in the foreseeable future. Rapid infrastructure development in Asia-Pacific has resulted in increased air travel and the expansion of airport facilities. This, in turn, is driving the demand for new aircraft and maintenance activities, including the installation and replacement of bolts.

    Titanium is likely to remain the most dominant material type in the market over the next five years, propelled by the increasing usage of titanium in the manufacturing of bolts by replacing steel and other bolts. Titanium offers a significant weight-saving advantage along with excellent corrosion resistance as compared to other competing materials.

    •   

      Why are We Class Apart?

      No One Does Better in Aerospace Market Research Than Us

      Largest Number of Premium Studies in Aerospace Industry

      >60% of the First Buyers Come Back to Us

      >95% Client Satisfaction Ratio, the Industry's Highest

      Clients Across Aerospace Value Chain

      Track the Latest Trends in Aerospace Industry

      Know High Growth Opportunities