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Global Aerospace Fasteners Market: By Product: Nuts and Bolts, Rivets, Screws, Others; By Material Type: Aluminum, Alloy Steel, Titanium, Others; By Application; By Aircraft Type; By End Use; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics; Competitive Landscape; Industry Events and Developments
Global Aerospace Fasteners Market Outlook
The global aerospace fasteners market is projected to grow at a CAGR of 5.8% between 2021 and 2026.
Rising Adoption of 3D Printing and Robotics Technology to Boost the Aerospace Fasteners Industry
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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North America to Significantly Contribute to the Growth of Aerospace Fasteners Industry
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: Industry Definition and Segmentation
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:
- Nuts and Bolts
- Rivets
- Screws
- Others
Based on material type, the market segmented into:
- Aluminium
- Alloy Steel
- Titanium
- Others
On the basis of application, the market is bifurcated into:
- Fuselage
- Control Surfaces
- Interior
- Others
By aircraft type, the market is divided into:
- Narrow Body Aircraft
- Wide Body Aircraft
- Very Large Aircraft
- Regional Transport Aircraft
- Business Jet
- Fighter Jet
- Others
Based on end-use, the market segmented into:
- Commercial
- Defense
- Others
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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Surging Passengers for Aircraft to Boost the Market Growth of Aerospace Fasteners
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.
Key Industry Players in the Global Aerospace Fasteners Market
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:
- Stanley Black & Decker Inc.
- Precision Castparts Corp.
- LISI Aerospace (SAS)
- Trimas Corporation
- The Boeing Company
- National Aerospace Fasteners Corporation
- Others
The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2020 |
| Historical Period | 2017-2021 |
| Forecast Period | 2022-2027 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Product, Material Type, Application, Aircraft Type, End Use, Region |
| Breakup by Product | Nuts and Bolts, Rivets, Screws, Others |
| Breakup by Material Type | Aluminum, Alloy Steel, Titanium, Others |
| Breakup by Application | Fuselage, Control Surfaces, Interior, Others |
| Breakup by Aircraft Type | Narrow Body Aircraft, Wide Body Aircraft, Very Large Aircraft, Regional Transport Aircraft, Business Jet, Fighter Jet, Others |
| Breakup by End Use | Commercial, Defense, Others |
| Breakup by Region | North America, Latin America, Europe, Middle East and Africa, Asia Pacific |
| Market Dynamics | SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Stanley Black & Decker Inc., Precision Castparts Corp., LISI Aerospace (SAS), Trimas Corporation, The Boeing Company, National Aerospace Fasteners Corporation, Others |
| 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. |
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Aerospace Fasteners Market Analysis
8.1 Key Industry Highlights
8.2 Global Aerospace Fasteners Historical Market (2017-2021)
8.3 Global Aerospace Fasteners Market Forecast (2022-2027)
8.4 Global Aerospace Fasteners Market by Product
8.4.1 Nuts and Bolts
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2017-2021)
8.4.1.3 Forecast Trend (2022-2027)
8.4.2 Rivets
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2017-2021)
8.4.2.3 Forecast Trend (2022-2027)
8.4.3 Screws
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2017-2021)
8.4.3.3 Forecast Trend (2022-2027)
8.4.4 Others
8.5 Global Aerospace Fasteners Market by Material Type
8.5.1 Aluminum
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2017-2021)
8.5.1.3 Forecast Trend (2022-2027)
8.5.2 Alloy Steel
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2017-2021)
8.5.2.3 Forecast Trend (2022-2027)
8.5.3 Titanium
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2017-2021)
8.5.3.3 Forecast Trend (2022-2027)
8.5.4 Others
8.6 Global Aerospace Fasteners Market by Application
8.6.1 Fuselage
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2017-2021)
8.6.1.3 Forecast Trend (2022-2027)
8.6.2 Control Surfaces
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2017-2021)
8.6.2.3 Forecast Trend (2022-2027)
8.6.3 Interior
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2017-2021)
8.6.3.3 Forecast Trend (2022-2027)
8.6.4 Others
8.7 Global Aerospace Fasteners Market by Aircraft Type
8.7.1 Narrow Body Aircraft
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2017-2021)
8.7.1.3 Forecast Trend (2022-2027)
8.7.2 Wide Body Aircraft
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2017-2021)
8.7.2.3 Forecast Trend (2022-2027)
8.7.3 Very Large Aircraft
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2017-2021)
8.7.3.3 Forecast Trend (2022-2027)
8.7.4 Regional Transport Aircraft
8.7.4.1 Market Share
8.7.4.2 Historical Trend (2017-2021)
8.7.4.3 Forecast Trend (2022-2027)
8.7.5 Business Jet
8.7.5.1 Market Share
8.7.5.2 Historical Trend (2017-2021)
8.7.5.3 Forecast Trend (2022-2027)
8.7.6 Fighter Jet
8.7.6.1 Market Share
8.7.6.2 Historical Trend (2017-2021)
8.7.6.3 Forecast Trend (2022-2027)
8.7.7 Others
8.8 Global Aerospace Fasteners Market by End Use
8.8.1 Commercial
8.8.1.1 Market Share
8.8.1.2 Historical Trend (2017-2021)
8.8.1.3 Forecast Trend (2022-2027)
8.8.2 Defense
8.8.2.1 Market Share
8.8.2.2 Historical Trend (2017-2021)
8.8.2.3 Forecast Trend (2022-2027)
8.8.3 Others
8.9 Global Aerospace Fasteners Market by Region
8.9.1 Market Share
8.9.1.1 North America
8.9.1.2 Europe
8.9.1.3 Asia Pacific
8.9.1.4 Latin America
8.9.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2017-2021)
9.1.2 Forecast Trend (2022-2027)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2017-2021)
9.2.2 Forecast Trend (2022-2027)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2017-2021)
9.3.2 Forecast Trend (2022-2027)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2017-2021)
9.4.2 Forecast Trend (2022-2027)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2017-2021)
9.5.2 Forecast Trend (2022-2027)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 EMR’s Key Indicators for Demand
10.4 EMR’s Key Indicators for Price
11 Value Chain Analysis
12 Competitive Landscape
12.1 Market Structure
12.2 Company Profiles
12.2.1 Stanley Black & Decker Inc.
12.2.1.1 Company Overview
12.2.1.2 Product Portfolio
12.2.1.3 Demographic Reach and Achievements
12.2.1.4 Certifications
12.2.2 Precision Castparts Corp.
12.2.2.1 Company Overview
12.2.2.2 Product Portfolio
12.2.2.3 Demographic Reach and Achievements
12.2.2.4 Certifications
12.2.3 LISI Aerospace (SAS)
12.2.3.1 Company Overview
12.2.3.2 Product Portfolio
12.2.3.3 Demographic Reach and Achievements
12.2.3.4 Certifications
12.2.4 Trimas Corporation
12.2.4.1 Company Overview
12.2.4.2 Product Portfolio
12.2.4.3 Demographic Reach and Achievements
12.2.4.4 Certifications
12.2.5 The Boeing Company
12.2.5.1 Company Overview
12.2.5.2 Product Portfolio
12.2.5.3 Demographic Reach and Achievements
12.2.5.4 Certifications
12.2.6 National Aerospace Fasteners Corporation
12.2.6.1 Company Overview
12.2.6.2 Product Portfolio
12.2.6.3 Demographic Reach and Achievements
12.2.6.4 Certifications
12.2.7 Others
13 Industry Events and Developments
List of Figures and Tables
1. Global Aerospace Fasteners Market: Key Industry Highlights, 2016 and 2026
2. Global Aerospace Fasteners Historical Market: Breakup by Product (USD Billion), 2017-2021
3. Global Aerospace Fasteners Market Forecast: Breakup by Product (USD Billion), 2022-2027
4. Global Aerospace Fasteners Historical Market: Breakup by Material Type (USD Billion), 2017-2021
5. Global Aerospace Fasteners Market Forecast: Breakup by Material Type (USD Billion), 2022-2027
6. Global Aerospace Fasteners Historical Market: Breakup by Application (USD Billion), 2017-2021
7. Global Aerospace Fasteners Market Forecast: Breakup by Application (USD Billion), 2022-2027
8. Global Aerospace Fasteners Historical Market: Breakup by Aircraft Type (USD Billion), 2017-2021
9. Global Aerospace Fasteners Market Forecast: Breakup by Aircraft Type (USD Billion), 2022-2027
10. Global Aerospace Fasteners Historical Market: Breakup by End Use (USD Billion), 2017-2021
11. Global Aerospace Fasteners Market Forecast: Breakup by End Use (USD Billion), 2022-2027
12. Global Aerospace Fasteners Historical Market: Breakup by Region (USD Billion), 2017-2021
13. Global Aerospace Fasteners Market Forecast: Breakup by Region (USD Billion), 2022-2027
14. North America Aerospace Fasteners Historical Market: Breakup by Country (USD Billion), 2017-2021
15. North America Aerospace Fasteners Market Forecast: Breakup by Country (USD Billion), 2022-2027
16. Europe Aerospace Fasteners Historical Market: Breakup by Country (USD Billion), 2017-2021
17. Europe Aerospace Fasteners Market Forecast: Breakup by Country (USD Billion), 2022-2027
18. Asia Pacific Aerospace Fasteners Historical Market: Breakup by Country (USD Billion), 2017-2021
19. Asia Pacific Aerospace Fasteners Market Forecast: Breakup by Country (USD Billion), 2022-2027
20. Latin America Aerospace Fasteners Historical Market: Breakup by Country (USD Billion), 2017-2021
21. Latin America Aerospace Fasteners Market Forecast: Breakup by Country (USD Billion), 2022-2027
22. Middle East and Africa Aerospace Fasteners Historical Market: Breakup by Country (USD Billion), 2017-2021
23. Middle East and Africa Aerospace Fasteners Market Forecast: Breakup by Country (USD Billion), 2022-2027
24. Global Aerospace Fasteners Market Structure
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