The leading market players in the global aerospace fasteners market primarily include
- 3V Fasteners
- B&B Specialties
- KLX, LISI Aerospace
- STANLEY Engineered Fastening
- Stanley Aerospace Fastening
- Acument Global Technologies
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- By Application; Commercial Aerospace and Military
- By Aircraft Class; Commercial Aircraft & Military Aircraft
- By Geography;
In 2015, the Americas had the largest share of 45% in the market and is expected to lead with 40.5% market share by 2021
- APAC is likely to be the fastest growing market, due to the significant increase in the number of aircraft in the region
- Growing air traffic and aircraft utilization are the driving factors for aerospace fasteners market
- Alcoa, 3V Fasteners, LISI Aerospace, B&B Specialties are the major vendors of aerospace fasteners market
- By 2021, commercial aerospace is likely to have the largest market share of around 62%
The global aerospace fasteners market is expected to grow at a CAGR of around 7% during 2016-2021. The growing air traffic, fleet utilization, and replacement has strengthen the line fit and retrofit aerospace fasteners market. Geographically, North America would be the largest market for aerospace fasteners market and APAC is likely to be the fastest growing market due to the significant increase in the number of aircraft in the region. Next generation aircraft like A320, B787, B777X, and A380 constitute approx. 2.4 million to 3 million fasteners in an aircraft. The combined backlog of Boeing and Airbus as of today has an order book, of close to 12,000 aircraft, representing between eight and 10 years’ production. Majority of backlogs are for A320 family aircraft and B737Max aircraft where fasteners are mainly used. Thus the demand for fasteners will significantly grow in the forecast period.
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Study Objectives of Aerospace Fasteners Market
- To provide detailed analysis of the market structure along with forecast for the next 5 years of the various segments and sub-segments of the Global Aerospace Fasteners Market
- To provide insights about factors affecting the market growth
- To analyse the Global Aerospace Fasteners Market based on various factors- price analysis, supply chain analysis, porter’s five force analysis etc.
- To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, and Rest of the World (ROW)
- To provide country-level analysis of the market with respect to the current market size and future prospective
- To provide country-level analysis of the market for segment by types and applications
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Regional and Country Analysis of Aerospace Fasteners Market
As per the MRFR analysis, the Americas Aerospace Fasteners market is poised to reach billion in 2021, to grow at a CAGR of around 5% during the forecasted period. Whereas, EMEA and Asia Pacific will grow at a CAGR of around 7% and 12% respectively.
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