Aircraft Bolts Market Analysis (2023-2032)

Market Insights

“The aircraft bolts market size was US$ 748 million in 2023 and is likely to grow at a decent CAGR of 4.2% in the long run to reach US$ 1100 million in 2032.”

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Market Dynamics

Introduction

Aircraft bolts are highly specialized mechanical fasteners essential in the aerospace industry for securely joining and stabilizing various aircraft components. They are critical to maintaining an aircraft's structural integrity, safety, and reliability under operational stresses. Designed to meet rigorous standards, these bolts endure extreme forces and environmental conditions experienced during flight.

Manufactured from premium materials such as stainless steel, steel alloys, aluminum, titanium, and other advanced alloys, aircraft bolts provide exceptional strength, corrosion resistance, and lightweight properties. Bolts hold a significant share of the overall aircraft fasteners market and are among the fastest-growing categories within the industry.

Recent Market JVs and Acquisitions:

A huge number of strategic alliances including M&As, JVs, etc. have been performed over the past few years:

• 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

“Commercial aircraft are expected to remain the largest demand generator for aircraft bolts in the coming years.”

• The aircraft bolts market is segmented into commercial aircraft, regional aircraft, helicopters, military aircraft, and general aviation.
• Commercial aircraft are expected to remain both the largest and fastest-growing aircraft type in the market during the forecast period. This growth is driven by Boeing and Airbus ramping up production rates for their best-selling commercial aircraft programs. Additionally, the increase in production rates for key aircraft programs like the B787 and A350XWB, along with the anticipated entry of new aircraft models such as the C919, B777X, and MC-21, will further fuel the segment's growth. The rising fleet size of commercial aircraft is also expected to contribute significantly to this trend.

By Application- Type

“The airframe is expected to remain dominant in the market, as the fuselage and wings, which cover a large surface area, require thousands of bolts for their construction and assembly.”

• The market is segmented into airframe, flight control surfaces, interior, engine, and other application types.
• Airframe is expected to remain the dominant application type in the market during the forecast period. As the largest structure of an aircraft, the airframe consists of various components that are secured with bolts and nuts. The airframe undergoes frequent inspections and repairs, which often involve bolt replacements. This continuous need for maintenance and repair will further drive the demand for bolts in the airframe.

By Material- Type

“Titanium is expected to remain the most preferred material of the aircraft bolts market in the coming years.”

• The market is segmented into titanium, steel, and other material types.
• Titanium is expected to remain the dominant material type in the market during the forecast period, thanks to its lightweight nature, high strength-to-weight ratio, and corrosion-resistant properties. These qualities are vital for aircraft, as reducing weight enhances fuel efficiency and increases payload capacity. Titanium bolts offer reliable and long-lasting fastening solutions, further contributing to the market's growth throughout the forecast period.

By Bolt Type

“General bolts are expected to remain the dominant bolt type during the forecast period, while blind bolts are anticipated to be the faster-growing of the market.”

• The market is segmented into general bolt and blind bolt.
• General bolts are expected to remain the dominant bolt type in the market during the forecast period. Their versatility makes them suitable for a wide range of applications within an aircraft, with a design that allows for use in various components and panels. However, blind bolts are likely to experience faster-growth during the forecast period, driven by the increasing preference for blind bolts over traditional bolts due to their ease of use and efficiency in applications where access is limited.

Regional Analysis

“North America is projected to remain the dominant market over the forecasted years, while Asia-Pacific is expected to be the fastest-growing market during the forecast period.”

• The market is segmented into North America, Europe, Asia-Pacific, and The Rest of the World.
• North America is anticipated to remain the largest market for aircraft bolts during the forecast period, serving as the manufacturing hub of the aircraft industry. The region is home to numerous aircraft OEMs, tier suppliers, bolt manufacturers, and distributors, with the USA playing a pivotal role in driving growth.
• Meanwhile, Asia-Pacific is expected to exhibit the highest growth during the forecast period. China and India are the primary growth engines in the region, driven by increasing demand for commercial aircraft to accommodate rising passenger traffic.

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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.

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

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Report Features

This report provides market intelligence most comprehensively. 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. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
• COVID-19 impact and its recovery curve.
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

The aircraft bolts market is segmented into the following categories. 

Aircraft Bolts Market, by Aircraft Type

• Commercial Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• Regional Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• Helicopter (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• Military Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• General Aviation (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)

Aircraft Bolts Market, by Bolt Type

• General Bolts (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• Blind Bolts (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)

Aircraft Bolts Market, by Application Type

• Airframe (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• Flight Control Surfaces (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• Interiors (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• Engine (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• Other Application Types (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)

Aircraft Bolts Market, by Material Type

• Titanium Bolts (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• Steel Bolts (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• Other Bolts (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)

Aircraft Bolts Market, by End-User Type

• OE (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• Aftermarket (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)

Aircraft Bolts Market, 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)

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.

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: Service portfolio, geographical reach, regional presence, and strategic alliances

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