Aerospace Fasteners Market Size

The aerospace fasteners market, projected to grow from USD 7.25 billion in 2024 to USD 12.53 billion by 2033 with a CAGR of 6.27%, is driven by increasing demand for high-performance materials, technological innovations, and growth in both commercial and defense aviation. These fasteners play an essential role in aircraft assembly, contributing to structural integrity by holding together major components like fuselage, wings, and nacelles. Given the complex demands of modern aircraft for lightweight and durable materials, fasteners are now made from high-strength alloys such as titanium, superalloys, and advanced composites.

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Key Market Drivers and Trends

Growth in Commercial Aviation

The rapid expansion of commercial aviation, spurred by increased passenger traffic and a steady rise in aircraft deliveries, is a major factor boosting demand for aerospace fasteners. Recent data from the International Air Transport Association (IATA) indicates that global aviation traffic returned to nearly pre-pandemic levels in 2023, which in turn led to a surge in new orders from major OEMs like Boeing and Airbus. This strong growth trajectory supports rising demand for aerospace fasteners essential for fleet expansion and maintenance.

Technological Advancements

In the aerospace industry, fastener technology is advancing rapidly to meet the demands of high-strength, lightweight materials that are essential for efficient fuel use and operational safety. Innovations in fastener materials, surface coatings, and manufacturing techniques are shaping the industry. For example, advanced coatings like cadmium plating and zinc-nickel alloy are employed to resist corrosion and enhance durability under extreme conditions. Additionally, the use of robotics and 3D printing is revolutionizing production, enabling faster, precise, and cost-effective manufacturing with reduced material wastage.

Rising Defense Expenditure and Space Exploration

Growing global defense budgets, coupled with renewed focus on space exploration, are opening new avenues for aerospace fasteners. These sectors demand high-performance, resilient fasteners to withstand the stress of military and space operations. Space exploration projects in particular benefit from advancements in fastener technology, as durability and precision are critical to mission success.

Regional Insights

Asia-Pacific

The Asia-Pacific region is forecasted to be a significant growth area due to rising investments in aviation infrastructure, increased air travel, and expansion of the regional aerospace industry. In India, for instance, “Make in India” initiatives and recent large-scale aircraft orders by major carriers like Air India and Indigo underscore the potential for robust growth in aerospace fasteners.

North America

With the United States being home to several aerospace giants, North America holds a dominant share in the aerospace fasteners market. Continued innovation by key players, as well as strong governmental support for aerospace and defense programs, strengthens the region’s position. The presence of established OEMs and a robust aftermarket further solidifies North America's demand for aerospace fasteners.

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Key Companies and Market Strategies

Prominent companies in the aerospace fasteners market include Arconic Corporation, TriMas Corporation, Würth Group, Boeing Distribution Services, and Bufab International AB. These players focus on enhancing production capacities and technological capabilities to address market needs. Notable industry moves include Peerless Aerospace Fastener Corp.'s recent contract with the U.S. Defense Logistics Agency, highlighting the growing strategic importance of fastener supply in national defense.

Product Segmentation

• By Aircraft Type: Narrow-body, wide-body, very large aircraft, regional jets, business jets, and fighter jets.
• By Material: Aluminum, steel, superalloys, and titanium.
• By Product Type: Screws, nuts, bolts, rivets, and pins.

Table of Contents

1. Introduction

2. Research Methodology

3. Executive Summary

4.  Market Dynamics

4.1       Growth Drivers

4.2       Challenges

5. Aerospace Fasteners Market

6. Market Share Analysis

6.1       By Aircraft Type

6.2       By Material

6.3       By Product

6.4       By Countries

7. Aircraft Type

7.1       Narrow body Aircraft

7.2       Wide Body Aircraft

7.3       Very Large Aircraft

7.4       Regional Transport Aircraft

7.5       Business Jet

7.6       Fighter Jet

7.7       Others

8. Material

8.1       Aluminum

8.2       Steel

8.3       Superalloys

8.4       Titanium

9. Product

9.1       Screws

9.2       Nuts and Bolts

9.3       Rivets

9.4       Pins

9.5       Others

10. Countries

10.1   North America

10.1.1        United States

10.1.2        Canada

10.2   Europe 

10.2.1        France

10.2.2        Germany

10.2.3        Italy

10.2.4        Spain

10.2.5        United Kingdom

10.2.6        Belgium

10.2.7        Netherlands

10.2.8        Turkey

10.3   Asia Pacific 

10.3.1        China

10.3.2        Japan

10.3.3        India

10.3.4        South Korea

10.3.5        Thailand

10.3.6        Malaysia

10.3.7        Indonesia

10.3.8        Australia

10.3.9        New Zealand

10.4   Latin America 

10.4.1        Brazil

10.4.2        Mexico

10.4.3        Argentina

10.5   Middle East Africa 

10.5.1        Saudi Arabia

10.5.2        UAE

10.5.3        South Africa  

11. Porter’s Five Forces Analysis 

11.1   Bargaining Power of Buyers

11.2   Bargaining Power of Suppliers

11.3   Degree of Rivalry

11.4   Threat of New Entrants

11.5   Threat of Substitutes

12. SWOT Analysis

12.1.1        Strength

12.1.2        Weakness

12.1.3        Opportunity

12.1.4        Threat 

13. Key Players Analysis 

13.1     Arconic Corporation

13.1.1        Overview

13.1.2        Key Persons

13.1.3        Recent Development Strategies

13.1.4        Revenue Analysis       

13.2   TriMas Corporation

13.2.1        Overview

13.2.2        Key Persons

13.2.3        Recent Development Strategies

13.2.4        Revenue Analysis

13.3   Würth Group

13.3.1        Overview

13.3.2        Key Persons

13.3.3        Recent Development Strategies

13.3.4        Revenue Analysis

13.4   BB Specialties, Inc.

13.4.1        Overview

13.4.2        Key Persons

13.4.3        Recent Development Strategies

13.4.4        Revenue Analysis

13.5   Boeing Distribution Services Inc.

13.5.1        Overview

13.5.2        Key Persons

13.5.3        Recent Development Strategies

13.5.4        Revenue Analysis

13.6   Bufab International AB

13.6.1        Overview

13.6.2        Key Persons

13.6.3        Recent Development Strategies

13.6.4        Revenue Analysis

13.7   National Aerospace Fasteners Corporation

13.7.1        Overview

13.7.2        Key Persons

13.7.3        Recent Development Strategies

13.7.4        Revenue Analysis 

13.8   FSL Aerospace Ltd.

13.8.1        Overview

13.8.2        Key Persons

13.8.3        Recent Development Strategies

13.8.4        Revenue Analysis

About the Company: 

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