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Aircraft Blind Fasteners Market Report
Aircraft Blind Fasteners Market is Segmented by Aircraft Type (Commercial Aircraft, Regional Aircraft, General Aviation, Military Aircraft, and Helicopter), by Application Type (Airframe, Engine, Flight Control Surfaces, Interiors, and Others), by Fastener Type (Blind Bolts, Blind Rivets, and Others), by Material Type (Titanium Fasteners, Steel Fasteners, Aluminum Fasteners, and Other Fasteners), by End-User Type (OE and Aftermarket), and by Region (North America, Europe, Asia-Pacific, and Rest of the World)
Aircraft Blind Fasteners Market is Segmented by Aircraft Type (Commercial Aircraft, Regional Aircraft, General Aviation, Military Aircraft, and Helicopter), by Application Type (Airframe, Engine, Flight Control Surfaces, Interiors, and Others), by Fastener Type...
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Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues has gone down in 2020 and may resume an uptrend gradually form 2021. Companies optimizing their operation and statergy 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.
See less...Covid-19 has impacted the market dynamics, competition, and global...
See more...Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues has gone down in 2020 and may resume an uptrend gradually form 2021. Companies optimizing their operation and statergy 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.
Blind fasteners are the most talked subjects among the family of fasteners deployed in aircraft manufacturing/assembly. These fasteners have been gaining a fair share in the overall aircraft fasteners market, owing to changing preferences of OEMs’ from permanent fasteners to blind fasteners. Blind fasteners are gradually replacing traditional fasteners on account of rapid automation, which is of paramount importance as it reduces the lead time of the aircraft assembly.
Blind fasteners currently represent less than 12% of the total aircraft fasteners market and projected to grow at an impressive rate over the next five years to reach US$ 698.8 million in 2024. Increasing production rates of the next-generation composite-rich aircraft A350XWB, B787, and F-35; introduction of fuel-efficient variants of the best-selling aircraft with a greater composites content: A320neo and B737 max; upcoming aircraft programs, such as C919 and MC21; increasing preference of blind fasteners for assembling critical aerospace parts; and superior benefits of blind fasteners including ease of installation over the permanent fasteners are giving an impetus to the growth of blind fasteners in the aerospace industry.
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The global aircraft blind fasteners market is segmented based on the aircraft type as commercial aircraft, regional aircraft, helicopter, military aircraft, and general Aviation. Commercial aircraft is likely to remain the growth engine of the market during the forecast period. Increasing production rates of the key programs, such as B737, B787, A350XWB, and A320 family; market entry of new players, such as COMAC and Irkut; and introduction of variants of existing and upcoming aircraft programs, such as B737 max, A320neo and B777x, are likely to create a strong demand for blind fasteners in the commercial aircraft segment. Further, Boeing in its commercial market outlook anticipated that there would be total deliveries of 42,730 commercial and regional aircraft worth US$ 6.3 trillion in the global marketplace during 2018-2037. All these factors are likely to provide sustainable demand for blind fasteners in the commercial aircraft segment in the foreseeable future.
Based on the application type, the aircraft blind fasteners market is segmented as airframe, engine, flight control surfaces, interiors, and others. Airframe is likely to remain the most dominant segment during the forecast period, whereas flight control surfaces are likely to remain the fastest-growing segment during the same period. Airframe is the largest structure in the aircraft, where blind fasteners are used in a wide array of applications including wings and fuselage, leading to their dominance in the market.
Based on the material type, the aircraft blind fasteners market is segmented as titanium fasteners, steel fasteners, aluminum fasteners, and other fasteners. Titanium is projected to remain the most dominant as well as fastest-growing material type in the global aircraft blind fasteners market over the next five years. Titanium blind fasteners offers a host of advantages over competing fasteners including good compatibility with composite parts, good corrosion resistance, excellent mechanical properties, heat resistance and high strength-to-weight ratio; leading to its widespread usage in the aircraft.
In terms of region, Europe is projected to remain the largest market for aircraft blind fasteners during the forecast period, driven by the world’s leading aircraft OEM, Airbus. The company has constantly been raising the production rates of key aircraft programs, such as A320 and A350XWB, to meet huge order backlog which stands at 7,287 jets on 30th April 2019. Airbus has a massive plan for its newly launched A350XWB program. The company is likely to raise the production rate from 6 aircraft per month in 2017 to 13 aircraft by 2019. Similarly, the company is also likely to raise the production rate of its best-selling program (A320 family including neo) from 46 aircraft per month in 2017 to 63 aircraft by 2019. The company is in process of contemplation to further raise the production rate to 70 aircraft per month in future.
Asia-Pacific is expected to witness the highest growth during the forecast period driven by opening of assembly plant of Boeing and Airbus in China for B737, A330, and A320; upcoming indigenous aircraft program i.e. COMAC C919 and Mitsubishi MRJ; and offset policies in military aircraft programs in countries such as India and South Korea. 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. All these factors are like to contribute significantly towards the growth of blind fasteners market in the region
The supply chain of this market comprises raw material suppliers, blind fastener manufacturers, distributors, tier player, aircraft OEMs, and MRO companies. Some of the key players in the aircraft blind fasteners market are TriMas Corporation; Arconic Fastening Systems; PCC Fasteners; Lisi Aerospace; Stanley Black & Decker, Inc.; and Kwikbolt Limited. The key aircraft OEMs include Boeing, Airbus, Bombardier, Embraer, COMAC, Lockheed Martin Corporation, Dassault Aviation, and Gulfstream Aerospace.
For calculating the market size, our analysts follow either Top-Bottom or Bottom-Top approach or both, depending upon the complexity or availability of the data points. Our reports offer high-quality insights and are 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. We leverage multitude of authenticated secondary sources, such as company annual reports, government sources, trade associations, journals, investor presentation, white papers, and articles to gather the data. More than 10 detailed primary interviews with the market players across the value chain in all four regions and industry experts are usually executed to obtain both qualitative and quantitative insights.
Research Scope |
|
Trend & Forecast Period |
2013-2024 |
Size in 2024 |
US$ 698.8 million |
Forecast |
7.1% CAGR during 2019-2024 |
Regions Covered |
North America, Europe, Asia-Pacific, Rest of the World |
Countries/Subregions Covered |
The USA, Canada, Mexico, France, Germany, the UK, Spain, Russia, China, Japan, India, Latin America, the Middle East and Others |
Figures & Tables |
>150 |
Customization |
Up to 10% customization available free of cost |
The market is segmented in the following ways:
Aircraft Blind Fasteners Market Size, Share & Forecast by Aircraft Type:
Aircraft Blind Fasteners Market Size, Share & Forecast by Application Type:
Aircraft Blind Fasteners Market Size, Share & Forecast by Fastener Type:
Aircraft Blind Fasteners Market Size, Share & Forecast by Material Type:
Aircraft Blind Fasteners Market Size, Share & Forecast by End-User Type:
Aircraft Blind Fasteners Market Size, Share & Forecast by Region:
This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s aircraft blind fasteners market realities and future possibilities for the forecast period 2019 to 2024. The report segments and analyzes the market in the most detailed and comprehensive manner to provide 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 low-hanging fruits available as well as formulate growth strategies.
The following are the key features of the report:
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Market Segmentation
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 at [email protected].
Blind fasteners play a vital role in an aircraft assembly and are essential hardware components. They are used to affix and hold various parts and components of the aircraft together in applications, such as airframe, flight control surfaces, engine and interiors, to the aircraft structures. Blind fasteners are preferably used where the design of the structure or assembly sequence does not grant access from both sides. Blind fasteners can be broadly classified into blind bolts, blind rivets, blind nuts, and one-sided temporary fasteners.
Driven by a number of factors like superior benefits of blind fasteners including ease of installation over the permanent fasteners, the aircraft blind fasteners market is projected to reach an estimated value of US$ 698.8 million in 2024.
TriMas Corporation; Arconic Fastening Systems; PCC Fasteners; Lisi Aerospace; Stanley Black & Decker, Inc.; and Kwikbolt Limited. are among the key players in the aircraft blind fasteners market.
Europe is projected to remain the largest market for aircraft blind fasteners during the forecast period of 2019-2024.
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