Aircraft Blind Fasteners Market Growth Analysis | 2024-2032

Market Insights

“The aircraft blind fasteners market size was US$ 446 million in 2023 and is likely to grow at a decent CAGR of 5.0%, in the long run, to reach US$ 682 million in 2032.”

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Market Dynamics

Introduction

Blind fasteners are a highly discussed topic within the fastener family used in aircraft manufacturing and assembly. These fasteners are particularly favored in situations where the design or assembly sequence restricts access to both sides of the structure. The growing preference of OEMs for blind fasteners over permanent fasteners has led to their increasing share in the overall aircraft fasteners market. This shift is driven by the rise in automation, which plays a crucial role in reducing aircraft assembly lead times. As a result, blind fasteners are steadily replacing traditional fasteners in modern aircraft manufacturing.

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 fasteners used in a variety of applications for aerospace and other industrial markets. This acquisition helped to expand TriMas Aerospace’s fastener product lines with the addition of complementary niche products.
• In January 2020, Consolidated Aerospace Manufacturing, LLC (CAM) agreed to be acquired by Stanley Black & Decker, Inc.  This acquisition helps to further diversify the growth of Stanley Black & Decker, Inc.’s industrial business segment.

Segment Analysis

By Aircraft Type

Commercial aircraft are expected to remain the largest demand generator for blind fasteners in the coming years.

• The aircraft blind fasteners 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 during the forecast period. This dominance is attributed to their larger and more complex structures, which require many fasteners. Additionally, the increasing production rates of major programs like the B737 and A320, the anticipated entry of new aircraft programs such as the C919, B777x, and MC-21, and the growing commercial aircraft fleet size are expected to propel market growth further.

By Material-Type

“Titanium is projected to remain the most preferred and fastest-growing material throughout the forecast period.”

• The aircraft blind fasteners market is segmented into titanium, steel, aluminum, and others.
• Titanium is expected to continue as the leading and fastest-growing material type in the aircraft blind fasteners market over the next eight years. Its widespread adoption in aircraft is driven by numerous advantages, such as excellent compatibility with composite parts, superior corrosion resistance, exceptional mechanical properties, heat resistance, and a high strength-to-weight ratio.

By Application-Type

“Airframe is expected to continue as the leading and fastest-growing application type in the market throughout the forecast period.”

• The aircraft blind fasteners market is segmented into the airframe, engine, flight control surfaces, interiors, and others.
• The airframe is expected to remain the primary driver of demand for blind fasteners in aircraft throughout the forecast period. As the largest structure in an aircraft, the airframe utilizes blind fasteners extensively in various applications, such as wings and fuselage, solidifying its dominant position in the market.

Regional Analysis

“Europe is projected to remain the largest market over the next eight years, while Asia-Pacific is expected to experience the fastest growth.”

• The aircraft blind fasteners market is segmented into North America, Europe, Asia-Pacific, and The Rest of the World.
• Europe is anticipated to remain the largest market for aircraft blind fasteners during the forecast period, driven by the strong presence of leading aircraft OEMs such as Airbus. Airbus's commitment to increasing production rates for key aircraft programs like the A320, A330, and A350, backed by a substantial order backlog of 7,967 aircraft as of June 30, 2023, significantly contributes to market dominance. Additionally, Boeing's establishment of production facilities in the region and investments in new facilities further bolster Europe's market position. 
• Asia-Pacific, on the other hand, is expected to exhibit the fastest growth during the same period. This growth is fueled by increasing demand for blind fasteners, supported by the opening of assembly plants by Boeing and Airbus in China for models like the B737, A330, and A320. Economies such as China and India are driving this growth, with rising passenger traffic spurring high demand for commercial aircraft across the region.

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Key Players

The market is moderately concentrated, with the presence of some key regional and global players. Most of the major players compete in some of the governing factors including price, service offerings, regional presence, etc. The following are the key players in the aircraft blind fasteners market.

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

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

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Research Methodology

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

Aircraft Blind Fasteners Market, by Aircraft Type

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

Aircraft Blind Fasteners Market, by Product Type

• Blind Bolts (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• Blind Rivets (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• Other Blind Fasteners (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)

Aircraft Blind Fasteners Market, by Application Type

• Airframe (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• Engine (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• Flight Control Surfaces (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• Interiors (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)

Aircraft Blind Fasteners Market, by Material Type

• Titanium Fasteners (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• Steel Fasteners (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• Aluminum Fasteners (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• Other Fasteners (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)

Aircraft Blind Fasteners Market, by End-User Type

• OE (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• Aftermarket (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)

Aircraft Blind Fasteners Market, by Region

• North America (Country Analysis: The USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, The UK, Russia, and Rest of Europe)
• Asia-Pacific (Country Analysis: Japan, China, India, and 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

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