Aerospace Fasteners Market by Material, Product, Application, End User

List of Tables

[193 Pages Report] The Aerospace Fasteners Market size was estimated at USD 8.41 billion in 2023 and expected to reach USD 8.98 billion in 2024, at a CAGR 6.88% to reach USD 13.40 billion by 2030.

Aerospace fasteners include a wide variety of hardware, such as screws, bolts, nuts, rivets, and pins, which are used to assemble and secure the components of aircraft and spacecraft. These fasteners demand adherence to stringent specifications and regulations to ensure safety, reliability, and performance under the unique conditions of flight and space exploration. Fasteners find applications across different sections of an aircraft, including airframe, engines, control surfaces, and interiors. An increase in global air traffic with the rising production of new aircraft is driving the demand for aerospace fasteners. An increase in defense spending by governments around the world, which led to expanded fleets of military aircraft, is increasing the growth of the aerospace fasteners market. The rise in space exploration missions and investments in spacecraft and satellite construction is creating a platform for market growth. Technological complexities associated with the design and production of advanced fastening systems hamper the growth of the aerospace fasteners market. The growing incorporation of smart technologies for fasteners, such as sensors for real-time monitoring and maintenance forecasting is expected to create opportunities for the market growth.

KEY MARKET STATISTICS
Base Year [2023]	USD 8.41 billion
Estimated Year [2024]	USD 8.98 billion
Forecast Year [2030]	USD 13.40 billion
CAGR (%)	6.88%

Regional Insights

The Americas represents a highly developing landscape for the aerospace fasteners market, largely due to its expansive aerospace sector and the presence of leading aircraft manufacturers. In Canada, the market is influenced by a robust maintenance, repair, and overhaul (MRO) sector, demanding sustained quality and availability of fasteners. Asia Pacific is a rapidly growing segment of the aerospace fasteners market, with countries including China, Japan, and India increasingly investing in their aerospace sectors, driven by growing air traffic and demand for new aircraft. This region exhibits a strong scope for the adoption of novel technologies in fasteners and materials, and there is a rising trend in partnerships and joint ventures with established players to incorporate advanced manufacturing techniques. EU countries have a well-established aerospace industry with a sophisticated demand for aerospace fasteners that comply with stringent regulations and standards. The Middle East is witnessing significant growth in the aviation sector, attributed to the expansion of airlines and airports. Africa, although currently a smaller market, is experiencing growth with the emergence of new carriers and increased connectivity.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Aerospace Fasteners Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers
- Increasing number of orders for new aircraft
- Investments by the airlines in cabin interior products to enhance passengers' experience

Market Restraints
- Increased availability of counterfeits

Market Opportunities
- 3D printing for aerospace
- Value chain integration

Market Challenges
- Strict regulations and quality accreditations

Market Segmentation Analysis
- Material: Expanding usage of aluminum fasteners due to their lightweight and cost-efficiency
- Product: Rising popularity of aerospace screws for securing aerospace components and heavy-duty applications
- Application: Growing usage of fasteners control surfaces with rising developments in materials and technologies
- End User: Growing potential of aerospace fasteners among the commercial aerospace sector that helps to meet civilian aviation standards

Market Disruption Analysis
Porter's Five Forces Analysis
Value Chain & Critical Path Analysis
Pricing Analysis
Technology Analysis
Patent Analysis
Trade Analysis
Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Aerospace Fasteners Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Aerospace Fasteners Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

HPF Acquired By Italian Firm

Poggipolini acquired Houston Precision Fasteners, a prominent player in the specialized field of aerospace fasteners. This acquisition is poised to enhance the Italian firm's footprint in the global market by integrating Houston Precision Fasteners' expertise in manufacturing high-quality, critical fastening components used widely throughout the aerospace industry. [Published On: 2023-11-29]

MW Components Expands Fastener Products Through Acquisition of Elgin Fastener Group

MW Components strategically enhanced its portfolio of fastener solutions by acquiring Elgin Fastener Group. This key corporate maneuver has bolstered MW Components' position within the aerospace sector by expanding its product line of advanced fasteners, a critical facet of aerospace manufacturing. This acquisition is a testament to MW Components' dedication to growth and excellence in serving its customer base with superior fastener solutions. [Published On: 2023-09-11]

Fasteners, Inc. Acquired By Monroe Engineering

Monroe Engineering significantly expanded its portfolio by strategically acquiring Fasteners, Inc., a distributor of aerospace fasteners. With this acquisition, Monroe amplifies its distribution footprint and enhances its offerings, reinforcing the company's commitment to providing comprehensive solutions that cater to the demanding technical requirements of the aerospace industry. [Published On: 2023-02-09]

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Aerospace Fasteners Market. This critical assessment involves a thorough analysis of the organization's resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Aerospace Fasteners Market, highlighting leading vendors and their innovative profiles. These include Aerospace Manufacturing Corporation, All State Fastener Corporation, Apollo Aerospace Components, Avantus Aerospace, B&B Specialties, Inc., Bufab Group, C&L Rivet Company, Inc,, Collison-Goll Ltd., Ford Fasteners, Inc., FSL Aerospace Ltd, GILLIS AERO, Haggard & Stocking Associates, Inc., Ho-Ho-Kus, Inc., Howmet Aerospace Inc., LISI Aerospace by LISI Group, M S Aerospace Inc., National Aerospace Fasteners Corporation, Parker Fasteners, Peninsula Components, Inc., Precision Castparts Corp, Silvergate Engineering Pvt. Ltd., Stanley Black & Decker, Inc., Tektite Industries, Inc., The Boeing Company, TriMas Corporation, UTC Aerospace Systems, and ZAGO Manufacturing Co..

Market Segmentation & Coverage

This research report categorizes the Aerospace Fasteners Market to forecast the revenues and analyze trends in each of the following sub-markets:

Material
- Aluminum
- Steel
- Super Alloys
- Titanium

Product
- Nuts & Bolts
- Retaining Rings
- Rivets
- Screws
- Washers

Application
- Control Surfaces
- Fuselage
- Interior

End User
- Commercial
- Defense

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

Product Code: MRR-431418DA4926

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Increasing number of orders for new aircraft
  - 5.1.1.2. Investments by the airlines in cabin interior products to enhance passengers' experience
- 5.1.2. Restraints
  - 5.1.2.1. Increased availability of counterfeits
- 5.1.3. Opportunities
  - 5.1.3.1. 3D printing for aerospace
  - 5.1.3.2. Value chain integration
- 5.1.4. Challenges
  - 5.1.4.1. Strict regulations and quality accreditations
5.2. Market Segmentation Analysis
- 5.2.1. Material: Expanding usage of aluminum fasteners due to their lightweight and cost-efficiency
- 5.2.2. Product: Rising popularity of aerospace screws for securing aerospace components and heavy-duty applications
- 5.2.3. Application: Growing usage of fasteners control surfaces with rising developments in materials and technologies
- 5.2.4. End User: Growing potential of aerospace fasteners among the commercial aerospace sector that helps to meet civilian aviation standards
5.3. Market Trend Analysis
5.4. Cumulative Impact of Russia-Ukraine Conflict
5.5. Cumulative Impact of High Inflation
5.6. Porter's Five Forces Analysis
- 5.6.1. Threat of New Entrants
- 5.6.2. Threat of Substitutes
- 5.6.3. Bargaining Power of Customers
- 5.6.4. Bargaining Power of Suppliers
- 5.6.5. Industry Rivalry
5.7. Value Chain & Critical Path Analysis
5.8. Regulatory Framework Analysis
5.9. Client Customization

6. Aerospace Fasteners Market, by Material

6.1. Introduction
6.2. Aluminum
6.3. Steel
6.4. Super Alloys
6.5. Titanium

7. Aerospace Fasteners Market, by Product

7.1. Introduction
7.2. Nuts & Bolts
7.3. Retaining Rings
7.4. Rivets
7.5. Screws
7.6. Washers

8. Aerospace Fasteners Market, by Application

8.1. Introduction
8.2. Control Surfaces
8.3. Fuselage
8.4. Interior

9. Aerospace Fasteners Market, by End User

9.1. Introduction
9.2. Commercial
9.3. Defense

10. Americas Aerospace Fasteners Market

10.1. Introduction
10.2. Argentina
10.3. Brazil
10.4. Canada
10.5. Mexico
10.6. United States

11. Asia-Pacific Aerospace Fasteners Market

11.1. Introduction
11.2. Australia
11.3. China
11.4. India
11.5. Indonesia
11.6. Japan
11.7. Malaysia
11.8. Philippines
11.9. Singapore
11.10. South Korea
11.11. Taiwan
11.12. Thailand
11.13. Vietnam

12. Europe, Middle East & Africa Aerospace Fasteners Market

12.1. Introduction
12.2. Denmark
12.3. Egypt
12.4. Finland
12.5. France
12.6. Germany
12.7. Israel
12.8. Italy
12.9. Netherlands
12.10. Nigeria
12.11. Norway
12.12. Poland
12.13. Qatar
12.14. Russia
12.15. Saudi Arabia
12.16. South Africa
12.17. Spain
12.18. Sweden
12.19. Switzerland
12.20. Turkey
12.21. United Arab Emirates
12.22. United Kingdom

13. Competitive Landscape

13.1. Market Share Analysis, 2023
13.2. FPNV Positioning Matrix, 2023
13.3. Competitive Scenario Analysis
- 13.3.1. HPF Acquired By Italian Firm
- 13.3.2. MW Components Expands Fastener Products Through Acquisition of Elgin Fastener Group
- 13.3.3. Fasteners, Inc. Acquired By Monroe Engineering

14. Competitive Portfolio

14.1. Key Company Profiles
14.2. Key Product Portfolio