Aerospace Fasteners

Aerospace Fasteners

Global Aerospace Fasteners Market to Reach US$11.3 Billion by 2030

The global market for Aerospace Fasteners estimated at US$6.8 Billion in the year 2023, is expected to reach US$11.3 Billion by 2030, growing at a CAGR of 7.6% over the analysis period 2023-2030. Rivets, one of the segments analyzed in the report, is expected to record a 8.4% CAGR and reach US$4.8 Billion by the end of the analysis period. Growth in the Screws segment is estimated at 7.8% CAGR over the analysis period.

The U.S. Market is Estimated at US$2.1 Billion While China is Forecast to Grow at 8.9% CAGR

The Aerospace Fasteners market in the U.S. is estimated at US$2.1 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.4 Billion by the year 2030 trailing a CAGR of 8.9% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 6.2% and 7.0% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 7.5% CAGR.

Global Aerospace Fasteners Market - Key Trends & Drivers Summarized

Aerospace fasteners are critical components in the assembly and maintenance of aircraft and aerospace structures, providing the necessary strength and durability to withstand extreme conditions and stresses. These fasteners include bolts, screws, nuts, rivets, and specialized fastening systems designed to secure various parts of an aircraft, such as the fuselage, wings, and control surfaces. Aerospace fasteners are manufactured from high-strength materials like titanium, stainless steel, and superalloys to ensure reliability and performance in demanding environments. Precision and quality are paramount in the production of aerospace fasteners, as they play a crucial role in the safety and integrity of the aircraft.

The aerospace fasteners market is driven by the growth of the aerospace industry, which includes commercial aviation, defense, and space exploration. The increasing production of commercial aircraft, driven by rising air travel demand and fleet modernization programs, is a significant driver of the market. The defense sector`s continuous investments in advanced military aircraft and unmanned aerial vehicles (UAVs) are also contributing to the demand for aerospace fasteners. Additionally, the burgeoning space industry, with its focus on satellite deployment, space exploration missions, and space tourism, is creating new opportunities for fastener manufacturers. Technological advancements in materials and manufacturing processes, such as 3D printing and automated assembly, are further enhancing the capabilities and applications of aerospace fasteners.

The growth in the aerospace fasteners market is driven by several factors. Firstly, the increasing production and modernization of commercial and military aircraft are boosting the demand for high-quality fasteners. Secondly, the growth of the space industry, with its expanding range of missions and applications, is driving the need for specialized fasteners. Thirdly, advancements in materials and manufacturing technologies are enhancing the performance and reliability of aerospace fasteners. Lastly, stringent safety and quality standards in the aerospace industry are ensuring a steady demand for precision-engineered fastening solutions. These factors collectively contribute to the robust growth of the aerospace fasteners market.

Select Competitors (Total 144 Featured) -

• Carpenter Technology Corporation
• Ateliers De La Haute Garonne Ets Auriol Et Cie
• Acument Global Technologies, Inc.
• Allfast Fastening Systems
• AVK Industrial Products
• B&B Specialties, Inc.
• California Screw Products Corporation
• Click Bond, Inc.
• Arconic, Inc.
• ATF, Inc.
• Avibank Mfg., Inc.
• Cherry Aerospace
• Chun Yu Group
• Clarendon Specialty Fasteners
• Avdel (India) Pvt. Ltd.

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