The global market for Aerospace Fasteners is projected to reach US$7.5 billion by 2024, driven by the favorable outlook for the world commercial aviation industry and the resulting sustained improvements in the production of commercial aircraft. The market is also poised to benefit from the revival of demand for military aircraft, especially in European markets. Essential to market growth are continuous technology improvements that help design fastening systems with superior technical performance such as .improved fatigue resistance and ability to withstand temperature changes. The robust aircraft MRO market is also poised to spur demand for fasteners in aftermarket servicing. The United States represents the largest market worldwide, supported by the presence of a large number of aircraft OEMs in the country. Asia-Pacific is forecast to emerge as the fastest growing market with a CAGR of 11.4% over the analysis period, led by the continuous development of domestic commercial aerospace industry in China and India; rise of Southeast Asia as the preferred destination for manufacturing and supply of aircraft parts and assemblies, and development of aircraft manufacturing industry in China. The impending launch of the Chinese made C919 single-aisle aircraft is also expected to significantly influence growth dynamics in the global market.  

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Summary of Findings
  • Demand for Custom Engineered Fastener Solutions is Forecast to Grow Rapidly Against the Backdrop of OEM Focus On Innovation in Aircraft Designs
  • Space and Fuel Saving Innovations in Interior Design of Commercial and Military Aircraft to Spur Demand for Specialized Fastener Designs
  • Rising Focus on Reducing Weight of Aircraft Assembly Drives Demand for Titanium Fasteners
  • Developments in Fastener Coatings such as those Designed to Prevent Galvanic Corrosion Between Fasteners and Aluminum Alloy Structures to Benefit Market Growth
  • Alloy Steel and Titanium Grow in Prominence in the Manufacture of Fasteners Suited for Elevated-Temperature Applications such as Aircraft Engine Bolts

Timeline for Analysis
  • Market Estimates and Forecasts for 2016-2024
  • Historic Review 2011-2015

Geographic Markets Analyzed
  • US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), Asia-Pacific (China, and Rest of Asia-Pacific), Latin America, and Rest of World

Major Players
  • 3V® Fasteners Company, Inc.
  • Aerofit, LLC
  • Arconic Inc.
  • B&B Specialties, Inc.
  • Bristol Industries, LLC
  • KLX Inc.

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