Market Insights
“The aircraft rivets market size was US$ 281 million in 2023 and is likely to grow at a decent CAGR of 4.8% in the long run to reach US$ 423 million in 2032.”
Market Dynamics
Introduction
Aircraft rivets are vital mechanical fasteners used in building and maintaining airplanes. They play a critical role in holding the aircraft's structure together, ensuring its strength and safety during flight. A rivet is essentially a cylindrical metal pin with a head on one end and a tail on the other. The rivet is placed into pre-drilled holes in the joined materials to install it. The tail is then deformed or flattened to create a second head, securing the materials tightly and permanently.
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 and supplier of specialty fasteners used in a variety of applications. This acquisition will further expand TriMas Aerospace’s fastener product lines by adding complementary niche products with an exciting growth trajectory resulting from TFI’s new program wins and overall market recovery.
Segments' Analysis
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Segmentations
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List of Sub-Segments
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Dominant and Fastest-Growing Segments
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Aircraft -Type Analysis
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Commercial Aircraft, Regional Aircraft, Helicopters, Military Aircraft, and General Aviation
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Commercial Aircraft is likely to remain the dominant as well as fastest-growing platform type of the market by 2032.
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Application-Type Analysis
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Airframe, Flight Control Surfaces, Interiors, Engine, and Other Application Types
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Airframe is estimated to remain the dominant as well as fastest-growing application type during the forecast period.
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Material-Type Analysis
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Titanium Rivets, Aluminum Rivets, Steel Rivets, and Other Rivets
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Titanium is anticipated to remain the dominant material in the years to come, propelled by its weight-saving advantage along with excellent corrosion-resistant properties.
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End-User- Type Analysis
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OE and Aftermarket
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OE is likely to remain the dominant and faster-growing end-user type.
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Product-Type Analysis
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Blind Rivets and Solid Rivets
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Blind rivets are likely to remain the dominant and faster-growing rivet type by 2032.
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Regional Analysis
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North America, Europe, Asia-Pacific, and The Rest of the World
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North America is estimated to dominate the market in the foreseeable future, whereas Asia-Pacific is likely to grow at the fastest rate.
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By Aircraft Type
“Comercial aircraft is expected to remain the dominant and fastest-growing platform in the aircraft rivets market through 2032.”
- The aircraft rivets market is segmented into commercial aircraft, regional aircraft, helicopters, military aircraft, and general aviation.
- Commercial aircraft are projected to remain the largest and fastest-growing segment in the aircraft rivets market throughout the forecast period. This growth is driven by the substantial number of rivets required for their larger structures compared to other aircraft types. Additionally, increasing production rates of major aircraft programs, the introduction of new models like the C919, B777X, and MC-21, and the expanding global fleet size further contribute to the market's upward trajectory.
By Product Type
“Blind rivets are expected to remain the dominant and faster-growing type of rivet of the market through 2032.”
- The market is segmented into blind rivets and solid rivets.
- Blind rivets are anticipated to maintain their position as the dominant and faster-growing type of rivet during the forecast period. Their popularity stems from key advantages such as resistance to vibration, quick installation, reliability, and ease of inspection and maintenance. Additionally, their unique design, allowing installation from only one side, makes them ideal for use in tight or hard-to-reach spaces. This versatility positions blind rivets as an excellent alternative to solid rivets in various applications.
By Application Type
“The airframe segment is expected to remain the dominant and fastest-growing application in the aircraft rivets market throughout the forecast period.”
- The market is segmented into airframes, flight control surfaces, interiors, engines, and other application types.
- The airframe segment is projected to remain the dominant application type in the aircraft rivets market during the forecast period. As the largest structure in an aircraft, the airframe requires extensive use of rivets, particularly in critical areas such as the wings and fuselage, solidifying its leading position in the market.
By Material Type
“Titanium is expected to remain the dominant material in the aircraft rivets market in the coming years. Its dominance is driven by its weight-saving benefits and exceptional corrosion resistance, making it a preferred choice in aerospace applications.”
- the market is segmented into titanium, aluminum, steel, and other material types.
- Titanium is projected to remain the leading material type in the aircraft rivets market throughout the forecast period. Titanium rivets are widely used in aircraft due to their numerous advantages, including excellent compatibility with composite materials, superior corrosion resistance, outstanding mechanical properties, heat resistance, and a high strength-to-weight ratio. These attributes make them a preferred choice for modern aerospace applications.
Regional Analysis
“North America is expected to dominate the aircraft rivets market in the foreseeable future, while the Asia-Pacific region is anticipated to experience the fastest growth during the same period.”
- The market is segmented into North America, Europe, Asia-Pacific, and The Rest of the World.
- North America is expected to remain the largest market for aircraft rivets during the forecast period, driven by its status as the manufacturing hub of the aircraft industry. The region is home to numerous aircraft OEMs, tier suppliers, rivet manufacturers, and distributors, contributing to its market dominance.
- Meanwhile, the Asia-Pacific region is likely to experience the highest growth due to the expanding aircraft fleet to meet increasing passenger traffic, the establishment of assembly plants by Boeing and Airbus for various aircraft programs, and the development of the indigenous C919 aircraft. China and India are expected to be the key growth drivers in the region.
Key Players
The market is moderately consolidated with the presence of some 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 rivets market.
- Precision Castparts Corp Co., Ltd.
- Howmet Aerospace
- TriMas Corporation
- LISI Aerospace
- Stanley Black & Decker, Inc.
- Avantus Aerospace
Note: The above list does not necessarily include all the top players of the market.
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Research Methodology
- This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects today’s aircraft rivets 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 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 rivets market is segmented into the following categories.
Aircraft Rivets 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 Rivets Market, by Product Type
- Solid Rivets (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
- Blind Rivets (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
Aircraft Rivets 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)
- Others (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
Aircraft Rivets Market, by Material Type
- Titanium Rivets (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
- Aluminum Rivets (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
- Steel Rivets (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
- Other Rivets (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
Aircraft Rivets 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 Rivets Market, by Region
- North America (Country Analysis: The USA, Canada, and Mexico)
- Europe (Country Analysis: Germany, France, The UK, Russia, and Rest of Europe)
- Asia-Pacific (Country Analysis: Japan, China, India, and Rest of Asia-Pacific)
- Rest of the World (Country Analysis: Brazil, Saudi Arabia, 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 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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