The Business Research Company’s report on the Aerospace Fasteners Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
What are the primary drivers fueling the growth of the aerospace fasteners market in recent years?
The global air travel industry has increased rapidly as the standard of living of people has improved and their disposable income has also gone up over a period. For instance, according to the International Civil Aviation Organization, passenger traffic and freight volume are expected to double by 2035. Thus, increased demand for air travel pushed aircraft manufacturing, driving the growth of the aerospace fasteners market.
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What is the projected market size of the aerospace fasteners industry, and how is it expected to grow?
The aerospace fasteners market size has grown rapidly in recent years. It will grow from $8.19 billion in 2024 to $9.1 billion in 2025 at a compound annual growth rate (CAGR) of 11.1%. The growth in the historic period can be attributed to aerospace industry growth, military modernization programs, globalization of aerospace supply chains, commercial aircraft orders, stringent safety and quality standards.
The aerospace fasteners market size is expected to see strong growth in the next few years. It will grow to $12.8 billion in 2029 at a compound annual growth rate (CAGR) of 8.9%. The growth in the forecast period can be attributed to rising air passenger traffic, next-generation aircraft, emerging markets for air travel, space exploration programs, sustainable aviation initiatives. Major trends in the forecast period include digitalization in manufacturing, R&D in lightweight materials, integration of smart fastening technologies, titanium fasteners, use of composite materials.
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Who are the key players driving competition in the aerospace fasteners market?
Major companies operating in the aerospace fasteners market include Boeing Company, Wurth Group, Stanley Black & Decker Inc., Illinois Tool Works Inc., Allegis Corp., Alcoa Corp., Arconic Inc., TFI Aerospace Corporation, Precision Castparts Corp., Collison-Goll Ltd., Howmet Aerospace Inc., B/E Aerospace Inc., SPS Technologies Ltd., TriMas Corp., LISI Aerospace SAS, National Aerospace Fasteners Corporation, TPS Aviation Inc., B&B Specialities Inc., Consolidated Aerospace Manufacturing LLC, Binder Metal Products Inc., MS Aerospace, C & L Rivet Company Inc., ZAGO Manufacturing Co. Inc., Peninsula Components Inc., FSL Aerospace Ltd., Allfast Fastening Systems Inc., Cherry Aerospace, Aerodyne Group
What key trends are expected to drive the advertising, public relations, and related services market during the forecast period?
The increase in use of super alloys is a key trend gaining popularity in the aerospace fastener market. Super alloys have high mechanical strength, resistance to thermal creep deformation, good surface stability, and resistance to corrosion or oxidation. For instance, SPS Technologies has adopted the super alloys and developed the MP35N as the first fastener superalloy. It provides the unique combination of high strength and outstanding corrosion resistance, with a 750 °F temperature capability.
Which key geographies are driving the growth of the aerospace fasteners market?
Europe was the largest region in the aerospace fasteners market in 2024. Asia-Pacific is expected to be the fastest-growing region in the aerospace fasteners market share during the forecast period. The regions covered in the aerospace fasteners market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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What are the key segments driving growth in the aerospace fasteners market?
The aerospace fasteners market covered in this report is segmented –
1) By Product: Screws, Nuts and Bolts, Washers, Rivets
2) By Platform: Fixed Wing Aircraft, Rotary Wing Aircraft
3) By Material: Aluminum, Titanium, Alloy Steel
4) By End-Use: Commercial, Defense
Subsegments:
1) By Screws: Machine Screws, Self-Tapping Screws, Specialty Screws
2) By Nuts And Bolts: Hex Nuts, Lock Nuts, Structural Bolts
3) By Washers: Flat Washers, Lock Washers, Belleville Washers
4) By Rivets: Solid Rivets, Blind Rivets, Semi-Tubular Rivets
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How is the aerospace fasteners market defined?
Aerospace fasteners refer to raw materials such as screws, and pins, which mechanically fix or join two or more components of an aircraft together. They are durable and secure and aid in enhancing the aircraft’s efficiency while reducing its overall weight. They are commonly manufactured using aluminum, titanium, and steel, owing to the high tensile/shear strength and corrosion resistance of these metals.
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