Aircraft Screws Market Analysis | 2024-2032

Market Insights

“The aircraft screw market size was US$ 1.0 billion in 2023 and is likely to grow at a decent CAGR of 3.9% in the long run to reach US$ 1.4 billion in 2032.”

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Market Dynamics

Introduction

A screw is a crucial fastener used to join two or more components, forming part of a larger structure in aircraft. Known for their versatility, screws are the most used threaded fasteners in aircraft manufacturing. Compared to general industrial screws, those used in the aerospace industry are of significantly higher quality. They are available in various types, materials, sizes, and head shapes, tailored to specific purposes and strength requirements.

Currently, screws hold a substantial share of the total aircraft fasteners market and are among the fastest-growing fastener types in the industry.

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 of screws and other fasteners for aerospace and industrial applications. This acquisition expanded TriMas Aerospace’s product portfolio by adding complementary niche fastener products.
• In January 2020 Stanley Black & Decker, Inc. acquired Consolidated Aerospace Manufacturing, LLC (CAM). This acquisition strengthened Stanley Black & Decker’s position in the aerospace & defense industry.
• In 2020 Avantus Aerospace broadened its product offerings and market presence by acquiring California Screw Products and Fastener Innovation Technology, Inc. These acquisitions followed their 2019 acquisition of Fastener Technology Corp., further enhancing their industry footprint.

Key Players

The market is moderately concentrated, with the presence of some key regional and global players. Development of lightweight and durable screws, 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. The following are the key players in the aircraft screw market.

• Castparts Corp.
• LISI Aerospace
• Howmet Aerospace
• Stanley Black and Decker, Inc.
• TriMas Corporation

Note: The above list does not necessarily include all the top players of the market.

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Segment Analysis

“Commercial aircraft are expected to continue being the largest demand generator for screws in the coming years.”

• The aircraft screws market is segmented into commercial aircraft, regional aircraft, helicopters, military aircraft, and general aviation.
• Commercial aircraft are projected to remain both the dominant and fastest-growing aircraft type in the market throughout the forecast period. This dominance is attributed to their larger and more complex structures, which require a significantly higher number of fasteners compared to other aircraft types. Market growth is further driven by increasing production rates of major aircraft programs such as the B737 and A320, the entry of new manufacturers like COMAC and Irkut, and the expanding global aircraft fleet size.

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By Material-Type

“Titanium is anticipated to remain the largest and fastest-growing material for screws throughout the forecast period.”

• The aircraft screws market is segmented into titanium, steel, and other materials.
• Titanium is expected to remain the dominant and fastest-growing material type in the aircraft screws market over the next eight
• years. This growth is driven by the increasing use of titanium in screw manufacturing, replacing traditional steel and aluminum screws. Titanium provides substantial weight-saving benefits and superior corrosion resistance, making it a preferred material compared to other alternatives.

By Application Type

“Airframe is expected to remain both the dominant and fastest-growing application in the market during the forecast period.”

• The application type, the aircraft screws market is segmented into airframe, engine, flight control surfaces, interiors, and others.
• The airframe is projected to remain the largest demand generator for screws in aircraft throughout the forecast period. The fuselage and wings, which cover a vast surface area, require thousands of screws, making the airframe the most dominant segment in the market.

By End-User-Type

“OE is expected to remain both the dominant and fastest-growing end-user type in the coming years.”

• The market is bifurcated into OE and aftermarket sales.
• OE sales are expected to remain the largest and fastest-growing segment of the market during the forecast period. The production of aircraft requires a significant number of screws, and the increasing aircraft production is anticipated to drive market growth in the coming years.

Regional Analysis

“North America is expected to remain the largest market over the next eight years, while Asia-Pacific is projected to experience the fastest growth during this period.”

• North America is expected to remain the largest market for aircraft screws during the forecast period, as the region is the manufacturing hub of the aircraft industry. It hosts a range of aircraft OEMs, tier suppliers, screw manufacturers, and distributors, including major companies such as Boeing, Lockheed Martin, Bell Helicopter, Gulfstream Aerospace Corporation, and The Cessna Aircraft Company. The USA, in particular, is the largest market for aircraft screws, both in North America and globally, driving substantial demand for screws.
• Asia-Pacific is anticipated to experience the highest growth during the same period, driven by rising demand for screws fueled by the establishment of new manufacturing facilities by aircraft OEMs and tier suppliers in the region. China and India are the key growth drivers for the Asia-Pacific aircraft screws market, as these economies continue to generate significant demand for commercial aircraft to accommodate increasing passenger traffic.

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Research Methodology

• This This strategic assessment report, from Stratview Research provides a comprehensive analysis that reflects today’s aircraft screws 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 screws market is segmented into the following categories. 

Aircraft Screws Market, by Aircraft Type

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

Aircraft Screws Market, by Material Type

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

Aircraft Screws 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)
• Interiors (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Aircraft Screws 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 Screws Market, by Region

• North America (Country Analysis: The USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, The UK, Russia, and The Rest of Europe)
• Asia-Pacific (Country Analysis: Japan, China, India, and The Rest of Asia-Pacific)
• Rest of the World (Country Analysis: Brazil, Saudi Arabia, 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: Service portfolio, geographical reach, regional presence, and strategic alliances

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