Growing demand for air travel worldwide has led to increased requirement for commercial aircraft fleet. Such an increase in the number of aircraft will simultaneously result in demand for aerospace fasteners. Aerospace fastener manufacturers are increasingly focusing on emerging regions, such as Mexico, Brazil, India, and North Africa because of the high demand for aircraft. This offers opportunities for third-party companies to partner with OEMs and open MRO service centers in these regions.
Fasteners are widely used in commercial and military aircraft, ballistic missiles and rockets, aftermarket service and their parts and components. The aerospace industry makes use of a different range of fasteners such as screws, bolts, rivets, nuts, hi-locks, and pins.
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The mergers of major airlines in the U.S. (American Airlines with US Airways, United with Continental, Delta with Northwest, and Southwest with AirTran) have made the country’s airline industry the most profitable in the global aviation market. These airlines are investing in advanced technology and upgrading fasteners to enhance their flight safety and operations, which will have a positive impact on the market.
The use of titanium fasteners and growing investment in interior cabin products have been encouraging market growth in the last five years. With technological advances being key to product acceptance, the introduction of software such as ASRP5, which allows the simulation of complex assembly processes, bodes well for the market.
3V Fasteners Company(U.S.), Aloca (U.S.), B&B Specialties(CA), KLX(U.S.), LISI (France), CDP Fastener Group(MA), National Aerospace Fasteners (Taiwan), Stanley Aerospace Fastening(USA), TFI Aerospace(Canada), Wesco Aircraft Holdings(U.S.).
Study Objective 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
- Upcoming technologies, high growth geographies and countries were identified
- Regional and country specific demand and forecast for aerospace fasteners were studied
- Key segments covered in the report are: application, aircraft class, and region
- Under aircraft type, both commercial and military aircraft is taken into consideration
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