Aircraft Specialty Fasteners Market

Aircraft Specialty Fasteners Market

Aircraft Specialty Fasteners Market | Industry Analysis 2019-2024
Report code - SRAD194 Published On : Feb,2019 No. of Pages: 296

Aircraft Specialty Fasteners Market by Aircraft Type (Commercial Aircraft, Military Aircraft, Helicopter, Regional Aircraft, and General Aviation), by Product Type (Blind Rivets, Blind Bolts, Solid Rivets, Panel Fasteners, Studs and Inserts, and Others), by Material Type (Titanium, Aluminum, Steel, and Others), by Application Type (Airframe, Engine, Flight Control Surface, Interior, and Others) by End-User Type (OE, and Aftermarket) and by Region (North America, Europe, Asia-Pacific, and Rest of the World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2019-2024

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This comprehensive report, from Stratview Research, studies a specific category of fasteners, specialty fasteners for the aerospace industry. The report analyzes the current market realities, changing competitive landscapes, a gradual shift from traditional to specialty fasteners, and future market possibilities in order to forecast the market for the period of 2019 to 2024 with high accuracy. Along with the global and regional market forecast for crucial segments, the report also provides actionable insights as well as detailed competitive landscapes with an aim to aid the market stakeholders in informed business decision making and growth strategy formulation.

The Aircraft Specialty Fasteners Market: Highlights

Fasteners play a vital role in the aircraft industry and are amongst the most essential hardware components. They are situated across the aircraft and are used not only to join different parts of aircraft together, such as aircraft structure to skin, but are also used to install and affix components such as seats, stowage bins, and panels to the aircraft body. They have the highest count among all the components. For an instance; an A380 aircraft program is made of six million components, out of which more than three million are fasteners.

In the aerospace industry, specialty fasteners refer to a specific family of fasteners, whose usage is to address distinct industry requirements. Specialty fasteners address challenging requirements such as high speed/automated assembly, sandwich panel installation, thin sheet assembly, mounting to surfaces that cannot accept through-hole technology, blind assembly, frequent joint access, and optimization of preload in highly loaded joints. Specialty fasteners often save time in the assembly process and eliminate the need for additional fastening components, which results in an overall reduced cost.

The global aircraft specialty fasteners market is likely to witness a healthy growth over the next five years to reach an estimated value of US$ 1.3 billion in 2024. The major factors underpinning the growth of aircraft specialty fasteners are: an incessant increase in air passenger traffic all around the world, which is triggering an increase in the production rates of the 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 increasing aircraft fleet size.

Apart from the organic growth of the aircraft industry, the demand for specialty fasteners is also driven by a wide array of factors. Among which, the benefits of using specialty fasteners over traditional fasteners, such as faster assembly and accessibility to those surfaces that can’t accept holes, is one of the factors which is pushing the airframers, especially Airbus, to switch from traditional fasteners to specialty fasteners, especially blind fasteners.  

The global aircraft specialty fasteners 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.  Both major commercial aircraft OEMs: Boeing and Airbus, are increasing the production rates of their best-selling aircraft in order to meet a huge pile of order backlogs. Also, COMAC and Irkut are entering the commercial aircraft industry with their C919 and MC-21 aircraft programs. Boeing anticipated that there would be total deliveries of 42,730 commercial aircraft worth US$ 6.3 trillion in the global marketplace during 2018-2037. All these factors are likely to create sustainable demand for specialty fasteners for the commercial aircraft segment in the foreseeable future.

Based on the product type, the aircraft specialty fasteners market is segmented as blind rivets, blind bolts, solid rivets, panel fasteners, studs and inserts, and others. Blind rivet is expected to remain the largest segment of the market during the forecast period, propelled by its installation efficiency and ergonomic benefits over traditional fasteners. The rivet type is also estimated to grow the fastest in the coming five years. Blind bolt, another member of blind fasteners family, is subjected to grow at an impressive rate for the same period. 

Specialty fasteners are made using a wide array of materials such as titanium, aluminum, steel, and others. Titanium-based specialty fasteners dominate the market and are expected to maintain their position during the forecast period as well. In the aircraft industry, there has been an incessant replacement of steel and other heavy metal-based fasteners with titanium fasteners, owing to their excellent performance at a relatively low weight. Also, titanium fasteners are highly compatible with composite parts, which are increasingly being used in the next-generation aircraft including B787, A350XWB, and B777x.

On the basis of application, the aircraft specialty fasteners market is segmented as airframe, flight control surfaces, interior, engine, and others. The airframe application is expected to remain the most dominant segment of the market during the forecast period. Airframe is the largest structure in the aircraft where specialty fasteners are used in a wide array of applications including wings and fuselage, leading to its dominance in the market.

In terms of regions, North America is expected to remain the largest market for aircraft specialty fasteners during the forecast period. The USA is the growth engine of the region’s market with the presence of many specialty fastener manufacturers, large- and small-sized tier players, distributors, aircraft OEMs, airlines, and MRO companies. All the major specialty fastener manufacturers have their presence in the region to address the teething issues of the OEMs in order to be the partner for their upcoming aircraft programs or upcoming fuel-efficient variants of existing aircraft programs.

Asia-Pacific is expected to expand at the highest rate during the forecast period with China, Japan, and India being the key sources of growth. Substantial growth in air passenger and freight traffic in China and India are compelling aircraft manufacturers and tier players to open their manufacturing plants in the region. Further, key economies in the region are incessantly increasing their defense budget with the purpose to acquire the latest military aircraft to solidify their defense capabilities. Major companies in the Asia-Pacific region are striving hard to develop commercial and regional aircraft to meet the huge indigenous demand and to mitigate the level of dependency on Boeing and Airbus. COMAC C919 and Mitsubishi MRJ are examples of such efforts, which are already successful in piling excellent unfulfilled orders. These aircraft are in the developmental phase and are expected to enter into service in a couple of years. All these factors are likely to contribute substantially towards the growth of the aircraft specialty fasteners market in Asia-Pacific during the forecast period.

The supply chain of this market comprises raw material suppliers, specialty fastener manufacturers, fastener coating providers, large- and small-sized tier players, distributors, aircraft OEMs, aircraft leasing companies, airlines, and MRO companies. The key players in the aircraft specialty fasteners market are Arconic Inc., TriMas Corporation, PCC Fasteners, LISI Aerospace, and Stanley Black and Decker. Development of lightweight and durable specialty fasteners, forming strategic alliances with aircraft OEMs, and execution of mergers & acquisitions are the key strategies adopted by the major players to gain a competitive edge in the market.

Research Methodology

This report offers high-quality insights and is the outcome of 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 book, press release, journals, investor presentation, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the 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 in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the 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, Product portfolio, New Product Launches, etc.
  • Attractive market segments and associated growth opportunities
  • Emerging trends
  • Strategic growth opportunities for the existing and new players
  • Key success factors

 

The aircraft specialty fasteners market is segmented into the following categories. 

Aircraft Specialty Fasteners Market, By Aircraft Type

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

Aircraft Specialty Fasteners Market, By Product Type

  • Blind Rivets (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • Blind Bolts (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • Solid Rivets (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • Studs and Inserts (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • Panel Fasteners (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Aircraft Specialty Fasteners Market, By Material Type

  • Titanium Fasteners (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • Aluminum Fasteners (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • Steel Fasteners (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • Other Specialty Fasteners (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Aircraft Specialty Fasteners Market, By Application Type

  • Airframe (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • Engine (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • Flight Control Surfaces (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • Interior (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Aircraft Specialty Fasteners Market, by End-User Type

  • OE (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • Aftermarket (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Aircraft Specialty Fasteners Market, by Region

  • North America (Country Analysis: The USA, Canada, and Mexico)
  • Europe (Country Analysis: Germany, France, the UK, Spain, Russia, and Rest of Europe)
  • Asia-Pacific (Country Analysis: Japan, China, India, and Rest of Asia-Pacific)
  • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

 

Report 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: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview research offers custom research services across the 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 at sales@stratviewresearch.com


List of Figures

List of Tables

Disclaimer

Copyright

Abbreviation

Currency Exchange

About Us

Report Scope

Report Objectives 

Research Methodology

Secondary Research

Key Information Gathered from Secondary Research

Primary Research

Key Information Gathered from Primary Research

Breakdown of Primary Interviews by Region, Designation, and Value Chain Node

Data Analysis and Triangulation

1.      Executive Summary  

2.      Aircraft Specialty fasteners Market - Overview and Market Forces

2.1.               Introduction

2.2.               Market Classification

2.2.1.                       By Aircraft Type

2.2.2.                       By Application Type

2.2.3.                       By Material Type

2.2.4.                       By Product Type

2.2.5.                       By End-User Type

2.2.6.                       By Region

2.3.               Market Drivers

2.4.               Market Constraints

2.5.               Supply Chain Analysis

2.6.               Industry Life Cycle Analysis

2.7.               PEST Analysis: Impact Assessment of Changing Business Environment

2.8.               Porter’s Five Forces Analysis

2.8.1.                       Bargaining Power of Suppliers

2.8.2.                       Bargaining Power of Customers

2.8.3.                       Threat of New Entrants

2.8.4.                       Threat of Substitutes

2.8.5.                       Competitive Rivalry

2.9.               SWOT Analysis

3.      Aircraft Specialty Fasteners Market Analysis - By Aircraft Type

3.1.               Strategic Insights 

3.2.               Commercial Aircraft Specialty Fasteners Market Trend and Forecast (US$ Million)

3.2.1.                       Regional Trend and Forecast (US$ Million)

3.3.               Military Aircraft Specialty Fasteners Market Trend and Forecast (US$ Million)

3.3.1.                       Regional Trend and Forecast (US$ Million)

3.4.               Helicopter Specialty Fasteners Market Trend and Forecast (US$ Million)

3.4.1.                       Regional Trend and Forecast (US$ Million)

3.5.               Regional Aircraft Specialty Fasteners Market Trend and Forecast (US$ Million)

3.5.1.                       Regional Trend and Forecast (US$ Million)

3.6.               General Aviation Specialty Fasteners Market Trend and Forecast (US$ Million)

3.6.1.                       Regional Trend and Forecast (US$ Million)

4.      Aircraft Specialty Fasteners Market Analysis - By Product Type

4.1.               Strategic Insights 

4.2.               Aircraft Blind Rivets Market Trend and Forecast (US$ Million)

4.2.1.                       Regional Trend and Forecast (US$ Million)

4.3.               Aircraft Blind Bolts Market Trend and Forecast (US$ Million)

4.3.1.                       Regional Trend and Forecast (US$ Million)

4.4.               Aircraft Solid Rivets Market Trend and Forecast (US$ Million)

4.4.1.                       Regional Trend and Forecast (US$ Million)

4.5.               Aircraft Studs and Inserts Market Trend and Forecast (US$ Million)

4.5.1.                       Regional Trend and Forecast (US$ Million)

4.6.               Aircraft Panel Fasteners Market Trend and Forecast (US$ Million)

4.6.1.                       Regional Trend and Forecast (US$ Million)

4.7.               Aircraft Other Specialty Fasteners Market Trend and Forecast (US$ Million)

4.7.1.                       Regional Trend and Forecast (US$ Million)

5.      Aircraft Specialty Fasteners Market Analysis - By Material Type

5.1.               Strategic Insights 

5.2.               Titanium Specialty Fasteners Market Trend and Forecast (US$ Million)

5.2.1.                       Regional Trend and Forecast (US$ Million)

5.3.               Aluminum Specialty Fasteners Market Trend and Forecast (US$ Million)

5.3.1.                       Regional Trend and Forecast (US$ Million)

5.4.               Steel Specialty Fasteners Trend and Forecast (US$ Million)

5.4.1.                       Regional Trend and Forecast (US$ Million)

5.5.               Other Aircraft Specialty Fasteners Trend and Forecast (US$ Million)

5.5.1.                       Regional Trend and Forecast (US$ Million)

6.      Aircraft Specialty Fasteners Market Analysis - By Application Type

6.1.               Strategic Insights 

6.2.               Specialty Fasteners Market Trend and Forecast for Aircraft Airframe (US$ Million)

6.2.1.                       Regional Trend and Forecast (US$ Million)

6.3.               Specialty Fasteners Market Trend and Forecast for Aircraft Engine (US$ Million)

6.3.1.                       Regional Trend and Forecast (US$ Million)

6.4.               Specialty Fasteners Market Trend and Forecast for Aircraft Flight Control Surface (US$ Million)

6.4.1.                       Regional Trend and Forecast (US$ Million)

6.5.               Specialty Fasteners Market Trend and Forecast for Aircraft Interior (US$ Million)

6.5.1.                       Regional Trend and Forecast (US$ Million)

6.6.               Specialty Fasteners Market Trend and Forecast for Other Aircraft Applications (US$ Million)

6.6.1.                       Regional Trend and Forecast (US$ Million)

7.      Aircraft Specialty Fasteners Market Analysis - By End-User Type

7.1.               Strategic Insights 

7.2.               OE-based Aircraft Specialty Fasteners Market Trend and Forecast (US$ Million)

7.2.1.                       Regional Trend and Forecast (US$ Million)

7.3.               Aftermarket-based Aircraft Specialty Fasteners Market Trend and Forecast (US$ Million)

7.3.1.                       Regional Trend and Forecast (US$ Million)

8.      Aircraft Specialty Fasteners Market Analysis - By Region

8.1.               Strategic Insights 

8.2.               North American Aircraft Specialty Fasteners Market Analysis

8.2.1.                       North American Aircraft Specialty Fasteners Market T&F, by Country (US$ Million)

8.2.1.1.                                 The USA: Aircraft Specialty Fasteners Market T&F (US$ Million)

8.2.1.2.                                 Canada: Aircraft Specialty Fasteners Market T&F (US$ Million)

8.2.1.3.                                 Mexico: Aircraft Specialty Fasteners Market T&F (US$ Million)

8.2.2.                       North American Aircraft Specialty Fasteners Market T&F, by Aircraft Type (US$ Million)

8.2.3.                       North American Aircraft Specialty Fasteners Market T&F, by Product Type (US$ Million)

8.2.4.                       North American Aircraft Specialty Fasteners Market T&F, by Material Type (US$ Million)

8.2.5.                       North American Aircraft Specialty Fasteners Market T&F, by Application Type (US$ Million)

8.2.6.                       North American Aircraft Specialty Fasteners Market T&F, by End-User Type (US$ Million)

8.3.               European Aircraft Specialty Fasteners Market Analysis

8.3.1.                       European Aircraft Specialty Fasteners Market T&F, by Country (US$ Million)

8.3.1.1.                                 Germany: Aircraft Specialty Fasteners Market T&F (US$ Million)

8.3.1.2.                                 France: Aircraft Specialty Fasteners Market T&F (US$ Million)

8.3.1.3.                                 The UK: Aircraft Specialty Fasteners Market T&F (US$ Million)

8.3.1.4.                                 Spain: Aircraft Specialty Fasteners Market T&F (US$ Million)

8.3.1.5.                                 Russia: Aircraft Specialty Fasteners Market T&F (US$ Million)

8.3.1.6.                                 Rest of Europe: Aircraft Specialty Fasteners Market T&F (US$ Million)

8.3.2.                       European Aircraft Specialty Fasteners T&F, by Aircraft Type (US$ Million)

8.3.3.                       European Aircraft Specialty Fasteners T&F, by Product Type (US$ Million)

8.3.4.                       European Aircraft Specialty Fasteners T&F, by Material Type (US$ Million)

8.3.5.                       European Aircraft Specialty Fasteners T&F, by Application Type (US$ Million)

8.3.6.                       European Aircraft Specialty Fasteners T&F, by End-User Type (US$ Million)

8.4.               Asia-Pacific’s Aircraft Specialty Fasteners Market Analysis

8.4.1.                       Asia-Pacific’s Aircraft Specialty Fasteners Market T&F, by Country (US$ Million)

8.4.1.1.                                 China: Aircraft Specialty Fasteners Market T&F (US$ Million)

8.4.1.2.                                 Japan: Aircraft Specialty Fasteners Market T&F (US$ Million)

8.4.1.3.                                 India: Aircraft Specialty Fasteners T&F (US$ Million)

8.4.1.4.                                 Rest of APAC: Aircraft Specialty Fasteners Market T&F (US$ Million)

8.4.2.                       Asia-Pacific’s Aircraft Specialty Fasteners Market T&F, by Aircraft Type (US$ Million)

8.4.3.                       Asia-Pacific’s Aircraft Specialty Fasteners Market T&F, by Product Type (US$ Million)

8.4.4.                       Asia-Pacific’s Aircraft Specialty Fasteners Market T&F, by Material Type (US$ Million)

8.4.5.                       Asia-Pacific’s Aircraft Specialty Fasteners Market T&F, by Application Type (US$ Million)

8.4.6.                       Asia-Pacific’s Aircraft Specialty Fasteners Market T&F, by End-User Type (US$ Million)

8.5.               Rest of World’s (RoW) Aircraft Specialty Fasteners Market Analysis

8.5.1.                       RoW’s Aircraft Specialty Fasteners T&F, by Sub-Region (US$ Million)

8.5.1.1.                                 The Middle East: Aircraft Specialty Fasteners Market T&F (US$ Million)

8.5.1.2.                                 Latin America: Aircraft Specialty Fasteners Market T&F (US$ Million)

8.5.1.3.                                 Others: Aircraft Specialty Fasteners Market T&F (US$ Million)

8.5.2.                       RoW’s Aircraft Specialty Fasteners Market T&F, by Aircraft Type (US$ Million)

8.5.3.                       RoW’s Aircraft Specialty Fasteners Market T&F, by Product Type (US$ Million)

8.5.4.                       RoW’s Aircraft Specialty Fasteners Market T&F, by Material Type (US$ Million)

8.5.5.                       RoW’s Aircraft Specialty Fasteners Market T&F, by Application Type (US$ Million)

8.5.6.                       RoW’s Aircraft Specialty Fasteners Market T&F, by End-User Type (US$ Million)

9.      Competitive Analysis

9.1.               Strategic Insights

9.2.               Product Portfolio Analysis

9.3.               Presence by Material Type

9.4.               Presence by Region

9.5.               Strategic Alliances: Mergers and Acquisitions, Joint Ventures, Collaborations etc.

9.6.               Expert Opinion

9.7.               Market Share Analysis

10. Strategic Growth Opportunities

10.1.          Strategic Insights

10.2.          Market Attractive Analysis

10.2.1.                   Market Attractiveness by Aircraft Type

10.2.2.                   Market Attractiveness by Product Type

10.2.3.                   Market Attractiveness by Material Type

10.2.4.                   Market Attractiveness by Application Type

10.2.5.                   Market Attractiveness by End-User Type

10.2.6.                   Market Attractiveness by Region

10.2.7.                   Market Attractiveness by Country

10.3.          Emerging Trends

10.4.          Growth Matric Analysis

10.5.          Key Success Factors

11. Company Profiles of Key Players

11.1.          Arconic Inc.

11.2.          PCC Fasteners

11.3.          LISI Aerospace

11.4.          TriMas Corporation

11.5.          Stanley Black & Decker, Inc.

11.6.          Clarendon Specialty Fasteners

11.7.          National Aerospace Fasteners Corp.

11.8.          B&B Specialities, Inc.

11.9.          TFI Aerospace

11.10.        Bufab Group 



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