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Aerospace Fasteners Market by Application, Material, and Geography - Forecast and Analysis 2021-2025

  • Published: Mar 2021
  • Pages: 120
  • SKU: IRTNTR40235
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The aerospace fasteners market size has the potential to grow by USD 3.06 billion during 2021-2025, and the market’s growth momentum will decelerate at a CAGR of 8.96%. 

This report provides a detailed analysis of the market by material (aluminum, titanium, superalloys, and steel), application (commercial and business aviation and defense and space), geography (North America, Europe, APAC, South America, and MEA), and key vendors. 

Market Overview

Aerospace-Fasteners-Market-Market-Size-2020-2025

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Market Competitive Analysis

The report analyzes the market’s competitive landscape and offers information on several market vendors, including: 

 

  • Aero Fasteners Pvt. Ltd. 
  • Arconic Inc.
  • B&B Specialties Inc.
  • Berkshire Hathaway Inc.
  • BMB Fasteners Inc.
  • The Boeing Co.
  • Cherry Aerospace
  • Click Bond Inc.
  • MinebeaMitsumi Inc.
  • National Aerospace Fasteners Corp.

 

The aerospace fasteners market is concentrated and the vendors are deploying growth strategies such as investing in the diversification of manufacturing and integration facilities and R&D activities to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

The market players also significantly leverage external market drivers such as the preference for lightweight materials to achieve growth opportunities. However, factors such as aircraft order cancellations will challenge the growth of the market participants. To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the aerospace fasteners market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

This aerospace fasteners market analysis report also provides detailed information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities. 

Aerospace Fasteners Market: Key Drivers and Trends

  • The increasing preference for lightweight materials is one of the significant factors driving the aerospace fasteners market growth.
  • Aircraft manufacturers and aircraft fleet operators are focusing on advanced solutions such as reducing the weight of the aircraft by incorporating lightweight components.
  • Since titanium is lightweight, it is increasingly being preferred for manufacturing aerospace-grade fasteners. 
  • Titanium-based fasteners are being used in military aircraft and missiles because of their high wear resistance and strength and ability to sustain high pressure and temperature.
  • The rising investments in the satellite manufacturing and launch industry and the development of spacecraft by private companies will further fuel the demand for titanium fasteners. 
  • The aerospace industry is increasingly adopting additive manufacturing or 3D printing technology to produce various components, including engine parts, fasteners, fuselage components, and other interior components.
  • The advantages of additive manufacturing technology are expected to boost its adoption in the aerospace industry and emerge as one of the critical aerospace fasteners market trends.
  • This technology is generally used to develop and manufacture products that have complex design geometry and uniform strength.
  • Additive manufacturing technology helps in reducing the waste produced during component manufacturing and the overall manufacturing costs.

 

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Aerospace Fasteners Market: Segmentation by Geography

Aerospace-Fasteners-Market-Market-Share-by-Region-2020-2025

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35% of the market’s growth will originate from North America during the forecast period. The US and Canada are the key markets for aerospace fasteners in North America. Market growth in this region will be faster than the growth of the market in MEA and South America.

Increased military expenditure by the US government will facilitate the aerospace fasteners market growth in North America over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report. 

Aerospace Fasteners Market: Segmentation by Material

Aerospace-Fasteners-Market-Market-Share-by-Material-2020-2025

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Aluminum possesses properties such as low weight density, high heat and electricity conductivity, corrosion resistance, and malleability. In aerospace applications, aluminum is used for manufacturing rivets used in aircraft. The two types of rivets used in aircraft are solid shank rivets and special rivets (blind rivets). The aerospace fasteners market share growth by the aluminum segment will be faster than the steel segment. 

Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the aerospace fasteners market size.

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Aerospace Fasteners Market: Key Highlights of the Report for 2021-2025

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive aerospace fasteners market growth during the next five years
  • Precise estimation of the aerospace fasteners market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the aerospace fasteners industry across North America, Europe, APAC, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of aerospace fasteners market vendors

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Aerospace Fasteners Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Decelerate at a CAGR of 9%

Market growth 2021-2025

$ 3.06 billion

Market structure

Concentrated

YoY growth (%)

9.82

Regional analysis

North America, Europe, APAC, South America, and MEA

Performing market contribution

North America at 35%

Key consumer countries

US, France, China, UK, and Canada

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Aero Fasteners Pvt. Ltd. , Arconic Inc., B&B Specialties Inc., Berkshire Hathaway Inc., BMB Fasteners Inc., The Boeing Co., Cherry Aerospace, Click Bond Inc., MinebeaMitsumi Inc., and National Aerospace Fasteners Corp.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Executive Summary

    Market Landscape

    • Market ecosystem
    • Impact of COVID-19 on the industrials sector
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020-2025

    Five Forces Analysis

    • Five forces summary
    • Bargaining power of buyers
    • Bargaining power of suppliers
    • The threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Application

    • Market segments
    • Comparison by Application
    • Commercial and business aviation - Market size and forecast 2020-2025
    • Defense and space - Market size and forecast 2020-2025
    • Market opportunity by Application

    Market Segmentation by Material

    • Market segments
    • Comparison by Material
    • Aluminum - Market size and forecast 2020-2025
    • Titanium - Market size and forecast 2020-2025
    • Superalloys - Market size and forecast 2020-2025
    • Steel - Market size and forecast 2020-2025
    • Market opportunity by Material

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • North America - Market size and forecast 2020-2025
      • Europe - Market size and forecast 2020-2025
      • APAC - Market size and forecast 2020-2025
      • South America - Market size and forecast 2020-2025
      • MEA - Market size and forecast 2020-2025
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Overview
      • Vendor landscape
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • Aero Fasteners Pvt. Ltd. 
      • Arconic Inc.
      • B&B Specialties Inc.
      • Berkshire Hathaway Inc.
      • BMB Fasteners Inc.
      • The Boeing Co.
      • Cherry Aerospace
      • Click Bond Inc.
      • MinebeaMitsumi Inc.
      • National Aerospace Fasteners Corp.

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
      Technavio

      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
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      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
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      Aerospace Fasteners market growth will increase by $3063.07 million during 2020-2025.
      The aerospace fasteners market is expected to grow at a CAGR of 8.96% during 2020-2025.
      Technavio has segmented the aerospace fasteners market by material (Aluminum, Titanium, Superalloys, and Steel) ,application (Commercial and business aviation and Defense and space) , and geographic (North America, Europe, APAC, South America, and MEA).
      Aero Fasteners Pvt. Ltd.?á, Arconic Inc., B&B Specialties Inc., Berkshire Hathaway Inc., BMB Fasteners Inc., The Boeing Co., Cherry Aerospace, Click Bond Inc., MinebeaMitsumi Inc., National Aerospace Fasteners Corp. are a few of the key vendors in the aerospace fasteners market.
      North America will register the highest growth rate of 35.07% among the other regions. Therefore, the aerospace fasteners market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
      The key factors driving the aerospace fasteners market growth are:
      • Increasing aircraft production
      • Emergence of additive manufacturing
      The aerospace fasteners market vendors should focus on grabbing business opportunities from the aluminum segment as it accounted for the largest market share in the base year.
      • What are the key global market and the regional market share?
      • What are the revenue-generating key market segments?
      • What are the key factors driving and challenging this market’s growth?
      • Who are the key market vendors and their growth strategies?
      • What are the latest trends influencing the growth of this market?
      • What are the variables influencing the market growth in the primary regions?
      • What are the factors influencing the growth of the parent market?
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