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    Aircraft Blind Bolts Market Report

    Aircraft Blind Bolts Market Report
    Report code - SRAD195 Published On : Jun,2019 No. of Pages: 275
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    Aircraft Blind Bolts Market Size, Share, Trend, Forecast, & Competitive Analysis: 2019 See more...

    Impact of COVID-19 on Aircraft Blind Bolts Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Aircraft Blind Bolts Market

    Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Market Insights

    Blind bolts currently account for less than 5% of the total aircraft fasteners market. However, the bolt type is expected to be one of the fastest-growing fastener types in the aircraft industry in the coming five years to reach an estimated value of US$ 238.7 million in 2024. The market for aircraft blind bolts is gradually consolidating as the major companies are performing mergers & acquisitions to quickly gain the leading position in the market. For instance; TriMas Corporation, a leading global manufacturer of highly engineered aircraft products, acquired the Allfast Fastening Systems at a total purchase price of approximately US$ 360 million. After the acquisition of Allfast Fastening Systems; TriMas Corporation has become a leader in the aircraft blind bolts market.

    AircraftBlind-Bolts-Market-Forecast

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    Several factors burgeoning the growth of the market are organic growth of the aircraft industry coupled with an increase in the production rates of the key aircraft programs including B737, B787, A320, and A350XWB, increase in the preference of blind fasteners over traditional fasteners, development of lightweight and corrosion-resistant blind bolts, and rising global aircraft fleet size.

    Among all the factors, increasing production rates of key commercial aircraft programs are primarily driving the demand for aircraft blind bolts. Both major commercial aircraft OEMs, Airbus and Boeing, are incessantly increasing the production of their best-selling aircraft in order to meet huge order backlogs of 13,048 commercial aircraft as of 31st December 2018. Irkut and COMAC, the newcomers in the commercial aerospace industry, also hold excellent order backlogs for their upcoming commercial aircraft programs, which is likely to further substantiate the demand for blind bolts in the coming years.

    Segments' Analysis

    Aircraft Blind Bolts Market Share by Aircraft Type

    The aircraft blind bolts market is segmented based on the aircraft type as commercial aircraft, regional aircraft, helicopter, military aircraft, and general aviation. Commercial aircraft is expected to remain the largest and fastest-growing segment of the market during the forecast period. Increasing demand for blind fasteners over traditional fasteners; increasing production rates of key programs, such as B737, A320 family, B787, and A350XWB; market entry of new players, such as COMAC and Irkut; introduction of variants of existing best-selling aircraft programs, such as B737 max, A320neo, and B777X; and rising commercial aircraft fleet size across regions are the key factors propelling the demand for blind bolts in the commercial aircraft segment.

    Aircraft Blind Bolts Market Share by Application Type

    Based on the application type, the aircraft blind bolts market is segmented as airframe, control surfaces, interior, engine, and others. The airframe application is expected to remain the most dominant segment of the market during the forecast period. The airframe is the largest structure in the aircraft where blind bolts are used in a wide array of applications including wings and fuselage, leading to its dominance in the market.

    Aircraft-Blind-Bolts-Market-By-Application

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    Aircraft Blind Bolts Market Share by Material Type

    Based on the material type, the aircraft blind bolts market is segmented as titanium blind bolts, aluminum blind bolts, steel blind bolts, and other blind bolts. Titanium blind bolts are expected to remain the largest segment of the market during the forecast period and are also expected to witness the highest growth during the same period. There has been an incessant replacement of steel and other heavy metal-based blind bolts with titanium blind bolts, owing to their excellent performance at a relatively low weight.

    Regional Insights

    In terms of regions, North America is expected to remain the largest market for aircraft blind bolts during the forecast period. The USA is the growth engine of the region’s market with the presence of major aircraft OEMs, tier players, blind bolt suppliers, and end users. All the major blind bolt manufacturers have their presence in the region to address the emergent needs of the OEMs in order to be the partner for their upcoming aircraft programs or upcoming fuel-efficient variants of existing aircraft programs.