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Aerospace Fasteners Market Size to Hit US$ 14.39 Billion by 2030 at a CAGR of 6.8% | Reports and Data

Reports and Data

Reports and Data

Market Size – USD 7.40 Billion in 2020, Market Growth – at a CAGR of 6.8%, Market Trends – Growth of aerospace sector

NEW YORK, NY, UNITED STATES, September 21, 2022 /EINPresswire.com/ -- Rise in demand for commercial aircrafts has led to an increase in the production of aerospace fasteners, which is expected to drive market revenue growth

The aerospace fasteners market size is expected to reach USD 14.39 Billion in 2030 and register a revenue CAGR of 6.8% over the forecast period, according to the latest report by Reports and Data. Steady market revenue growth of aerospace fasteners is due to a number of factors such as increase in production of commercial aircrafts, rising defense expenditure and an increase in global tourism. However, growing application of composite materials in aerospace manufacturing could affect market revenue growth over forecast period.

The aerospace industry employs a variety of standard fasteners, including screws, rivers, nuts, bolts, pins, and collars. As aerospace equipment and structures are often subjected to extreme environments (e.g., high pressures and temperatures or exposure to burning fuel), they must be designed and constructed to withstand these conditions, even down to the fasteners that hold them together. As a result, several different designs of high-quality fasteners have been developed which are suitable for specifications and standards framed for aerospace industry.

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Companies profiled in the global market include Howmet Aerospace Inc., 3V Fastener Company Inc., Boeing Distribution Services Inc., National Aerospace Fasteners Corporation, LISI Aerospace, TFI Aerospace Corporation, TPS Aviation Inc., TriMas Corporation, B&B Specialties Inc., Ho-Ho-Kus Inc., and Wesco Aircraft Holdings, Inc

The report also presents a comprehensive analysis of global Aerospace Fasteners market in view of the Covid-19 pandemic. The pandemic has affected the market in terms of sales, production, financial investment, international trade activities and market disruption.

Some Key Highlights from the Report

• By product, rivets segment accounted for largest market revenue share in 2020 and is expected to witness a faster revenue CAGR during the forecast period. This growth is attributed to increase in utilization of rivets in aircraft manufacturing, owing to its advantages over other fasteners. Rivets offer advantages such as rigid connectivity to aero structures, and high reliability when subjected to vibration, among others. These advantages of rivets are driving its demand for assembly and manufacturing of aero structure to provide improved safety to passengers, and in turn, this is expected to drive segment revenue growth.
• By application, fuselage segment accounted for largest market revenue share in 2020 and is expected to witness a faster revenue CAGR during the forecast period. Fuselage is the main structural component, that generally acts as framework of an aircraft. Previously, aluminum fuselages were used, but nowadays composite-based fuselages are taken into account while manufacturing aircrafts as it reduces possible damage to the aircraft body, while delivering high performance. Increased demand of aircrafts is driving this segment revenue growth. One complete fuselage assembly requires various joints where aerospace fasteners are used. Commercial and military aircraft’s rising demand is expected to lead to demand for more fuselages. These factors will hence boost the demand for aerospace fasteners.
• Aerospace fasteners market in North America accounted for largest revenue share in 2020 due to presence of leading aircraft manufacturers such as Boeing, Bombardier and many more in this region. Adoption of advanced aircraft manufacturing technologies within the region and increased investments in research and development activities are boosting the revenue growth of market in North America.
• Aerospace fasteners market in Asia Pacific region is expected to witness fastest revenue CAGR during the forecast period owing to growing development and number of aircraft OEMs in aviation industry in the region. Increase in disposable income and migration of people toward big cities are improving prospects of aviation industry to flourish. Growing initiatives to boost tourism sector in various countries in the region and easier international travel are expected to fuel growth of aviation industry. Consequently, these factors will boost growth of aerospace fasteners market, due to rise in demand for new aircraft.

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For the purpose of this report, Reports and Data has segmented aerospace fasteners market based on product, end-use, material, aircraft, application, and region:

Product Outlook (Revenue, USD Million; 2018–2030)

Nuts & Bolts
Rivets
Screws
Others

End-use Outlook (Revenue, USD Million; 2018–2030)

Commercial
Defense

Material Outlook (Revenue, USD Million; 2018–2030)

Aluminum
Alloy Steel
Titanium
Others

Aircraft Outlook (Revenue, USD Million; 2018–2030)

Narrow Body
Wide Body
Very large
Regional Transport
Business Jet
Fighter Jet

Application Outlook (Revenue, USD Million; 2018–2030)

Fuselage
Control Surfaces
Interior
Others

Regional Outlook (Revenue, USD Million; 2018–2030)

North America
Europe
Asia Pacific
Latin America
Middle East & Africa

Key Questions Answered In The Report

What will be the market size and growth rate in the forecast year?
What are the key factors driving the global Aerospace Fasteners market?
What are the risks and challenges in front of the market?
Who are the key players in the global Aerospace Fasteners market?
What are the trending factors influencing the market shares?
What are the key outcomes of Porter’s five forces model?
Which are the global opportunities for expanding the global Aerospace Fasteners market?

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Table of Contents:

Chapter 1. Market Synopsis
Chapter 2. Executive Summary
Chapter 3. Indicative Metrics
Chapter 4. Aerospace Fasteners Market Segmentation & Impact Analysis
Chapter 5. Aerospace Fasteners Market By Product Insights & Trends
Chapter 6. Aerospace Fasteners Market By End Use Insights & Trends
Chapter 7. Aerospace Fasteners Market By Material Insights & Trends
Chapter 8. Aerospace Fasteners Market By Aircraft Insight & Trends
Chapter 9. Aerospace Fasteners Market By Application Insights & Trends
Chapter 10. Aerospace Fasteners Market Regional Outlook
Chapter 11. Competitive Landscape
Chapter 12. Company Profiles

About Us:

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market.

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Reports and Data
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