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Aircraft Blind Bolts Market Growth & Forecast Analysis | 2023-2028
Aircraft Blind Bolts Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2023-2028
Blind bolts are multi-piece assemblies capable of being installed from one side of the workpiece. They are typically used in aircraft structures that require high strength and can be accessed from only one side. They are used in multiple areas of an aircraft, such as wings, nacelles, and interiors. Blind bolts provide exceptional strength, vibration resistance, and excellent sheet pull-together characteristics. The most commonly used materials for making blind bolts in the aircraft industry are titanium, aluminum, and steel. As the penetration of composites is growing in the aircraft industry, the usage of titanium in manufacturing fasteners, including blind bolts, is also growing. Titanium offers a weight-saving advantage and better corrosion resistance than other metals and metal alloys.
Several factors are flourishing 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 the A320neo, B737 Max, A220, B787, and A350XWB; the introduction of new aircraft programs (C919, MC-21, B777x, etc.); an increase in the preference of blind fasteners over traditional fasteners; the development of lightweight and corrosion-resistant blind bolts; and rising global aircraft fleet size.
In 2020, the pandemic impacted the aircraft blind bolt market, causing a decline of 23.1%. The pandemic led to a significant decrease in air travel globally due to travel restrictions, lockdowns, and passenger concerns about safety. This resulted in a decreased demand for new aircraft, leading to a decline in production and subsequently affecting the demand for blind bolts used in aircraft assembly. The pandemic disrupted global supply chains, including those related to the aviation industry. This caused delays in aircraft production and maintenance activities, impacting the market for blind bolts.
Blind bolts currently account for less than 5% of the total aircraft fastener 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.
It is estimated that the market for aircraft blind bolts is likely to grow at a significant CAGR of 8.6% to reach US$ 208.9 million during the forecast period.
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Recent Market JVs and Acquisitions:
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Segmentations |
List of Sub-Segments |
Dominant and Fastest-Growing Segments |
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Aircraft -Type Analysis |
Commercial Aircraft, Regional Aircraft, Helicopter, Military Aircraft, and General Aviation |
Commercial aircraft is anticipated to remain the biggest demand generator in the years to come. |
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Application- Type Analysis |
Airframe, Flight Control Surfaces, Interior, Engine, and Others |
Airframe is anticipated to remain dominant, as well as the fastest-growing application type during the forecast period. |
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Material-Type Analysis |
Titanium, Aluminum, Steel, and Others |
Titanium is likely to remain the most preferred as well as the fastest-growing material until 2028. |
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Blind Bolt- Type Analysis |
Drive-Nut Bolt and Pull-Type Bolt |
Drive-nut bolt is expected to be dominant, whereas the pull-type bolt is likely to grow at a faster rate. |
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End-User- Type Analysis |
OE and Aftermarket |
OE is anticipated to remain the bigger demand generator as well as witness faster growth in the years to come. |
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Regional Analysis |
North America, Europe, Asia-Pacific, and The Rest of the World |
North America is expected to remain the largest market over the next five years, whereas Asia-Pacific is likely to grow at the fastest rate. |
Based on the aircraft type, the aircraft blind bolt market is segmented into commercial aircraft, regional aircraft, helicopter, 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. The expected increase in the production rate of key aircraft programs, such as the A320 and B737, the return in service of the B737Max, the expected entry of new aircraft programs (C919, B777x, and MC-21), and rising aircraft fleet size are key factors driving the demand for the segments’ growth.
Based on the application type, the market is segmented into airframe, control surfaces, interior, engine, and, others. Airframe is expected to remain the dominant as well as the fastest-growing application type in 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.
Based on the material type, the market is segmented into titanium, aluminum, steel, and others. Titanium is expected to remain the most dominant material type in the market during the forecast period and is 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.
Based on the blind-bolt type, the market is segmented into drive-nut bolts and pull-type bolts. Drive-nut bolt is expected to remain the dominant blind bolt type in the market during the forecast period, driven by their advantages such as accessibility, installation efficiency, vibration resistance, weight savings, load-bearing capacity, and versatility.
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 to be the partners for their upcoming aircraft programs or upcoming fuel-efficient variants of existing aircraft programs.
Asia-Pacific is expected to experience the highest growth in the market during the forecast period. The highest growth of Asia-Pacific is mainly attributable to the increasing aircraft fleet to support rising passenger traffic; the opening of assembly plants of Boeing and Airbus; the increasing procurement of military aircraft owing to the rising defense budget; and the upcoming indigenous aircraft (C919).
The market is highly concentrated, with the presence of some regional and global players. The development of lightweight and durable blind bolts and the execution of mergers & acquisitions are the key strategies adopted by the major players to gain a competitive edge in the landscape. The following are the key players in the aircraft blind bolt market:
This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s aircraft blind bolts market realities and future market possibilities for the forecast period. The report segments and analyses 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.
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. The following are the key features of the report:
The aircraft blind bolts market is segmented into the following categories.
Aircraft Blind Bolts Market, by Aircraft Type
Aircraft Blind Bolts Market, by Application Type
Aircraft Blind Bolts Market, by Material Type
Aircraft Blind Bolts Market, by Blind Bolts Type
Aircraft Blind Bolts Market, by End-Users Type
Aircraft Bind Bolts Market, by Region
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Competitive Benchmarking
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.
The aircraft blind bolts market is estimated to grow at a CAGR of 8.6% by 2028, driven by an increase in the preference for blind fasteners over traditional fasteners, the development of lightweight and corrosion-resistant blind bolts, an increase in aircraft production, growing air travel demands, and increasing airline fleets.
TriMas Corporation, Howmet Aerospace Inc., Stanley Black and Decker, Inc., Precision Castparts Corp., and LISI Aerospace are the leading players in the aircraft blind bolt market.
North America is estimated to remain dominant in the aircraft blind bolt market in the foreseeable future. The region 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 sector, leading to increased production of aircraft blind bolts.
Asia-Pacific is estimated to remain the fastest-growing market for aircraft blind 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, drives the demand for new aircraft and maintenance activities, including the installation and replacement of blind bolts.
Titanium is estimated to be dominant in the market during the forecast period owing to its outstanding performance at a relatively low weight. Titanium fasteners are highly compatible with composite parts, which are increasingly being used in next-generation aircraft, including the B787, A350XWB, and B777x.
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