Aircraft Fasteners Market is segmented by Aircraft Type (Commercial Aircraft, Regional Aircraft, Helicopters, Military Aircraft, and General Aviation), Product Type (Bolts, Rivets, Nuts, Screws, Pin Fastening Systems, and Others), Fastener Type (Speciality Fasteners and Non-Speciality Fasteners), Application Type (Airframe, Flight Control Surfaces, Interior, Engine, and Others), Material Type (Titanium, Steel, and Others), End-User Type (OE and Aftermarket), and Region (North America [The USA, Canada, and Mexico], Europe [Germany, France, The UK, Russia, and Rest of Europe], Asia-pacific [Japan, China, India, and Rest of Asia-Pacific], and Rest of The World [Saudi Arabia, Brazil, and Others]).
Aircraft Fasteners Market is segmented by Aircraft Type (Commercial Aircraft, Regional Aircraft, Helicopters, Military Aircraft, and General Aviation), Product Type (Bolts, Rivets, Nuts, Screws, Pin Fastening Systems, and Others), Fastener Type ...
“The Aircraft Fasteners Market is likely to grow at a healthy CAGR of 7% over the next five years to reach an estimated value of US$ 4.4 Billion by 2028.”
Aircraft fasteners are essential components used to join or secure various parts and structures of an aircraft. They play a crucial role in maintaining the structural integrity and safety of the aircraft. These fasteners are designed to withstand the extreme forces, vibrations, and stresses that an aircraft encounters during flight.
The primary function of aircraft fasteners is to securely hold together components like panels, wings, landing gear, engine components, and other critical parts. Different types of fasteners are used in aircraft, each with unique properties and design features that are suitable for specific applications.
Market Drivers
Key factors that are driving the growth of the market include increasing aircraft deliveries fueled by rising passenger traffic, the introduction of variants of existing programs, increasing the production rate of key aircraft programs, expanding fleet size, an increase in the preference for blind fasteners over traditional fasteners, and the development of lightweight and corrosion-resistant fasteners.
COVID-19 Impact
The COVID-19 pandemic has had a significant impact on the aircraft fasteners market. The decline in air travel and the subsequent grounding of aircraft led to a decrease in demand for fasteners. The aircraft fasteners market could not escape from these challenges and witnessed a decline of 24% in 2020. The market further declined in 2021 and registered a steep recovery from 2022 onwards.
Segments 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 fasteners in the years to come.
Product Type Analysis
Bolts, Rivets, Nuts, Screws, Pin Fastening Systems, and Others
Nuts are expected to remain the dominant product in the market during the forecast period, whereas rivets are likely to experience the fastest growth during the same period.
Fastener Type Analysis
Specialty Fasteners and Non-Specialty Fasteners
Non-specialty fasteners are likely to remain the dominant fasteners in the market, whereas specialty fasteners are likely to grow at the fastest rate.
Application Type Analysis
Airframe, Flight Control Surfaces, Interior, Engine, and Others
Airframe is anticipated to remain the dominant application area and is also expected to experience the fastest growth during the forecast period.
Material Type Analysis
Titanium, Steel, and Others
Titanium is anticipated to remain the most preferred as well as the fastest-growing material type in the years to come.
End-User Type Analysis
OE and Aftermarket
OE remains the dominant and fastest-growing end-user type over the next five years.
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 grow at the fastest rate.
Aircraft Type
“Commercial aircraft are expected to remain the largest and fastest-growing aircraft type in the market.”
The aircraft fasteners market is segmented into commercial aircraft, regional aircraft, helicopters, military aircraft, and general aviation. Commercial aircraft are expected to remain the largest and fastest-growing aircraft type in the market during the forecast. Scaling up the production rate of key aircraft programs, the introduction of fuel-efficient commercial aircraft, the entry of new programs (C919, B777x, and MC-21), and growing aircraft fleet size are key factors fueling the market growth during the forecast period.
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Product Type
“Nut is expected to remain the dominant product type in the market.”
The market is segmented intobolts, rivets, nuts, screws, pin fastening systems, and others. The nut is expected to remain the dominant product type in the market during the forecast period, owing to many nuts used in aircraft, which are used in conjunction with a mating bolt or screw to connect aircraft structures.
However, the rivet is expected to experience the fastest growth over the next five years owing to its advantages, such as high strength, durability, vibration resistance, fast installation, reliability, and easier-to-inspect and maintain properties.
Fastener Type
“Non-specialty fasteners are expected to remain the dominant fastener type in the market.”
The market is segmented into specialty fasteners and non-specialty fasteners. Non-specialty fasteners are expected to remain the dominant fastener type in the market during the forecast period. Non-specialty fasteners are generally more cost-effective compared to their specialized counterparts.
However, specialty fasteners are expected to experience the fastest growth during the forecast period owing to the benefits of their usage over traditional fasteners, such as faster assembly and accessibility to surfaces that can’t accept holes, which are two of the factors that are pushing the airframers, especially Airbus, to switch from traditional fasteners to specialty fasteners, especially blind fasteners.
Application Type
“Airframe is expected to remain the most dominant segment of the market.”
The market is segmented into the airframe, flight control surfaces, interior, engine, and others. Airframe is expected to remain the most dominant segment of the market during the forecast period. The airframe is the largest structure in the aircraft, and it is made up of a variety of components that are held together with fasteners. An airframe requires frequent inspection and repair, which often involves the replacement of fasteners. This ongoing need for market growth during the forecast period.
Material Type
“Titanium is expected to remain the dominant material type in the market.”
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. There has been an incessant replacement of steel and other heavy metal-based fasteners with titanium fasteners, owing to their 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 fasteners provide reliable and long-lasting fastening solutions, which are further expected to drive market growth during the forecast period.
Regional Analysis
“North America is expected to remain the largest market for aircraft fasteners during the forecast period.”
The USA is the growth engine of the region’s market and has the largest fleet of military aircraft and one of the largest fleets of commercial aircraft in the world. Boeing, Lockheed Martin, Bell Helicopter, Gulfstream Aerospace Corporation, and The Cessna Aircraft Company are some of the major OEMs in the USA, which generate a healthy demand for fasteners in the country.
Asia-Pacific is likely to exhibit the highest growth during the same period. China and India are the growth engines of the Asia-Pacific’s aircraft fasteners market. Also, the other factors driving the growth of the region’s market are increasing demand for commercial aircraft to support rising passenger traffic, the opening of assembly plants for Boeing and Airbus in China, and the upcoming indigenous commercial aircraft (COMAC C919).
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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 fasteners market (arranged alphabetically):
Note: The above list does not necessarily include all the top players in the market.
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Report Features
This report provides intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the dynamics and will enable strategic decision-making for the existing 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 Fasteners Market
How lucrative is the future?
The 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
What are the top players and their market positioning?
Porter’s five forces analysis, PEST analysis, Life cycle analysis
What are the factors affecting the market?
Drivers & challenges
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10% free customization
Research Methodology
This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s aircraft fasteners market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner 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 Option
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.
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Recent Market News
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 fasteners market.
In June 2022, Bollhoff Group acquired Gillis Aerospace, a French manufacturer of fasteners, to expand its position in the aerospace industry.
In June 2021, Bollhoff Group acquired SNEP SA, a France-based aerospace fastener manufacturer, to strengthen its position in technical fasteners.
In December 2021, TriMas Corporation acquired TFI Aerospace, a manufacturer of 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.
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Aircraft fasteners are essential components used to join or secure various parts and structures of an aircraft. They play a crucial role in maintaining the structural integrity and safety of the aircraft. These fasteners are designed to withstand the extreme forces, vibrations, and stresses that an aircraft encounters during flight. The primary function of aircraft fasteners is to securely hold together components like panels, wings, landing gear, engine components, and other critical parts.
The aircraft fasteners market is estimated to grow at a CAGR of 7% by 2028, driven by the development of lightweight and corrosion-resistant fasteners, an increase in air passenger traffic supporting a rise in aircraft production, the market entry of new players such as COMAC and Irkut, and an increasing aircraft fleet size.
Howmet Aerospace, Precision Castparts Corp., LISI Aerospace, Stanley Black & Decker Inc., TriMas Corporation, and National Aerospace Fasteners Corporation are the leading players in the aircraft fasteners market.
North America is estimated to remain dominant in the aircraft fasteners market in the foreseeable future due to the presence of many raw material suppliers, tier players, OEMs, and fastener manufacturers, making the region a hub of the aircraft industry.
Asia-Pacific is estimated to remain the fastest-growing market for aircraft fasteners 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, drives the demand for new aircraft and maintenance activities, including the installation and replacement of fasteners.
Titanium is likely to remain the most dominant material type in the market over the next five years. Titanium offers a significant weight-saving advantage along with excellent corrosion resistance as compared to other competing materials.
