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Historical Year
Forecast Year
The global aerospace fasteners market is projected to grow at a CAGR of 5.8% between 2024 and 2032.
In the automotive industry, 3D printing technologies and robotics technology have demonstrated a wide range of advantages. Autonomous robotic manufacturing has improved the speed and efficiency of production and also helped to minimize human errors and improve worker reliance. The benefits of 3D printing technologies include rapid mass production, easier usability, increased efficiency, tangible design and product development, cost-effectiveness, creative design and modification freedom, and less waste generation. The aforementioned factors had led to an increase in the adoption rate of 3D printing and robotics technology in the precise aircraft component manufacturing, consequently boosting the market growth of aerospace fasteners.
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Regionally, North America is expected to contribute a significant market share in the forecast period, growing at a robust pace. The region's growth could be attributed to the presence of various eminent aircraft manufactures such as Boeing, Textron, and Bombardier. The increasing demand for aerospace fasteners in the area is expected to be supported by the increasing acceptance of advanced production technologies. Further, rising investments for R&D activities is projected to fuel business growth of North America. Moreover, Europe is expected to grow excellently during the projected period due to the booming aerospace industry in European countries.
Aerospace fasteners refer to the hardware that is used to combine two or more items. In addition, during original equipment manufacturing and aftermarket maintenance, aerospace fasteners help attach aircraft components. The aerospace industry employs a different range of fasteners, such as bolts, rivets, screws, nuts, hi-locks, and pins.
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By product, the market is divided into:
Based on material type, the market segmented into:
On the basis of application, the market is bifurcated into:
By aircraft type, the market is divided into:
Based on end-use, the market segmented into:
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Increasing passenger willingness to fly by air will be a key factor in positively influencing the market growth of aerospace fasteners over the projected period. The convenience, cost-effectiveness, safety and swift travel that air travel provides are factors that will generate profitable business opportunities. Further, the rising import and export operations have resulted in higher air traffic, thus fueling market demand for the product. Due to the growing demand for newer and more modern aircraft, the increasing development of commercial aircraft will accelerate market expansion of aerospace fasteners. In the coming years, the rising aircraft modernisation projects in different nations will have a huge positive effect on the market.
However, the coronavirus pandemic has negatively affected the aviation industry, especially the H1 of 2020. This, along with the closure of production facilities in various countries due to the lockdown has caused obstruction to the aerospace fasteners industry.
The report gives a detailed analysis of the following key players in the global aerospace fasteners market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product |
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| Breakup by Material Type |
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| Breakup by Application |
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| Breakup by Aircraft Type |
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| Breakup by End Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The global aerospace fasteners market is projected to grow at a CAGR of 5.8% between 2024 and 2032.
The major drivers of the market include the convenience and cost-effectiveness of air travel, growing demand for newer and more modern aircraft, increasing development of commercial aircraft, growing aircraft modernisation projects, and the rising investments for research and development activities.
Increasing passenger willingness to fly by air, rising import and export operations and the increasing acceptance of advanced production technologies are the key market trends propelling the market's growth.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The products include nuts and bolts, rivets, and screws, among others.
The various material types of aerospace fasteners in the market are aluminium, alloy steel, and titanium, among others.
Aerospace fasteners find their major applications in fuselage, control surfaces, and interior, among others.
The significant aircraft types in the market are narrow body aircraft, wide body aircraft, very large aircraft, regional transport aircraft, business jet, and fighter jet, among others.
The end uses of the market include commercial and defence, among others.
The key players in the global aerospace fasteners market are Stanley Black & Decker Inc., Precision Castparts Corp., LISI Aerospace (SAS), Trimas Corporation, The Boeing Company, and National Aerospace Fasteners Corporation, among others.
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+61 448 06 17 27
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+91-858-608-1494
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+1-415-325-5166
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
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