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Aerospace Fasteners Market: Introduction

  • Aerospace fasteners are the hardware components or devices that are used to mechanically combine two or more objects together or to connect parts of an aircraft during aftermarket servicing and original equipment manufacturing.
  • Aerospace fasteners are usually employed in military aircrafts, commercial aircrafts, rockets and ballistic missiles, aftermarket service, and their parts and components.
  • The aerospace industry uses a different range of aerospace fasteners such as bolts, screws, nuts, rivets, pins, and hi-locks.
  • Aerospace fasteners are manufactured under strict government standards and regulations. Manufacturers of aerospace fasteners design aerospace fasteners as high strength and lightweight metallurgical structures in order to provide better reliability rate and life along with better fuel efficiency of the aircraft.
aerospace fasteners market

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Key Drivers of Aerospace Fasteners Market

  • Rise in demand to reduce an aircraft’s weight and increase its efficiency is expected to boost the market globally.
  • Aerospace fasteners need to be strong, secure, and lightweight, hence, manufacturers have started developing aerospace fasteners from lightweight materials such as titanium. Titanium-alloy aerospace fasteners exhibit numerous properties such as corrosion resistance, high tensile and shear strength, high fatigue strength, and compatibility with carbon fiber-reinforced composite structure. Use of Ti-alloy aerospace fasteners has been increased due to its properties, which is likely to boost the market in the near future.
  • Rise in additive manufacturing (AM) in the aerospace industry is further projected to drive the market in the next few years. This is primarily because additive manufacturing builds a 3D object by using computer-aided design (CAD) model. In addition, additive manufacturing allows rapid changes in internal features of the aircraft.

High Production Cost to Hamper the Market

  • Less availability of high grade materials, unexpected failure of fasteners, and high production cost are some of the major factors hampering the market globally.
  • Technological advancement makes it difficult for manufacturers of aerospace fasteners to design appropriate fasteners and other related products, this in turn, is expected to hinder the market.

North America to Hold Major Share of Global Aerospace Fasteners Market

  • North America dominated the global aerospace fasteners market, accounting for significant share. The U.S. is the key market in North America due to high demand for aerospace fasteners in the country.
  • The aerospace fasteners market in Asia Pacific is projected to expand at a rapid pace. This can be attributed to increase in number of aircraft deliveries and orders in the region, due to rise in demand for new generation aircrafts. This factor is anticipated to boost the market. China and India are projected to be the key markets in the region.

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Aerospace Fasteners Market: Competitive Landscape

  • In May 2018, Boeing Distribution Services Inc. acquired KLX Inc., a U.S.-based company and a provider of aviation parts and services in the aerospace industry, to expand its services business.

Arconic Inc.

Established in 2016, Arconic Inc. is headquartered in Pittsburgh, Pennsylvania, U.S. Arconic Inc. manufactures and distributes aerospace products worldwide. The company provides engineered products and solutions for industrial gas turbines, automotive, building & construction, energy, defense & space, aerospace, oil & gas, and commercial transportation markets.

Boeing Distribution Services Inc.

Incorporated in 1974, Boeing Distribution Services Inc. is based in Miami, Florida, U.S. Boeing Distribution Services, Inc. manufactures and distributes aircraft parts and consumables. The company provides aerospace fasteners, seals, bearings, chemicals, proprietary parts, raw materials, tooling, lighting, composites, and engineered products. The company is having 2,300+ employees in over 65 locations across the globe working in the military, business, and commercial jet space.

LISI Aerospace (SAS)

Established in 1777, LISI Aerospace (SAS) manufactures and develops structural components and high-tech fasteners used in the airframe as well as aircraft engines. The company operates under three business segments: LISI Medical, LISI Automotive, and LISI Aerospace.

Other prominent players operating in the aerospace fasteners market include:

  • 3V Fasteners Company Inc.
  • Bufab Group
  • Stanley Engineered Fasteners (Emhart Teknologies LLC)
  • Consolidated Aerospace Manufacturing
  • Advanced Logistics for Aerospace
  • Accumen Global Technologies
  • Allfast Fastening Systems
  • Alcoa Fastening Systems & Rings
  • Avdel private limited
  • EADS
  • Precision Castparts Corporation
  • TFI Aerospace Corporation
  • Ho-Ho-Kus Inc.
  • National Aerospace Fasteners Corporation
  • B/E Aerospace
  • TPS Aviation Inc.
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Aerospace Fasteners Market: Research Scope

The aerospace fasteners market can be segmented based on:

  • Product Type
  • Material Type
  • Application
  • End-user
  • Aircraft Type
  • Geography

Aerospace Fasteners Market Segmentation – By Product Type

In terms of product type, the aerospace fasteners market can be classified into:

  • Nuts & Bolts
  • Rivets
  • Screws
  • Others

Aerospace Fasteners Market Segmentation – By Material Type

Based on material type, the aerospace fasteners market can be segregated into:

  • Aluminum
  • Alloy Steel
  • Titanium

Aerospace Fasteners Market Segmentation – By Application

In terms of application, the aerospace fasteners market can be segregated into:

  • Fuselage
  • Control Surfaces
  • Interior

Aerospace Fasteners Market Segmentation – By End-user

Based on end-user, the aerospace fasteners market can be bifurcated into:

  • Commercial
  • Defense

Aerospace Fasteners Market Segmentation – By Aircraft type

In terms of aircraft type, the aerospace fasteners market can be segregated into:

  • Narrow Body Aircraft
  • Wide Body Aircraft
  • Very Large Aircraft
  • Regional Transport Aircraft
  • Business Jet
  • Fighter Jet

The report on the aerospace fasteners market is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The aerospace fasteners market report provides in-depth analysis of parent market trends, macroeconomic indicators, and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on the aerospace fasteners market segments and geographies.

Regional analysis of the aerospace fasteners market includes:

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Russia & CIS
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Rest of Asia Pacific
  • Middle East & Africa (MEA)
    • GCC
    • South Africa
    • Rest of Middle East & Africa
  • South America
    • Brazil
    • Mexico
    • Rest of South America

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

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The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

With a robust experience in creating exceptional market reports, Transparency Market Research has emerged as one of the trusted market research companies among a large number of stakeholders and CXOs. Every report at Transparency Market Research goes through rigorous research activity in every aspect. The researchers at TMR keep a close watch on the market and extract beneficial growth-boosting points. These points help the stakeholders to strategize their business plans accordingly.

TMR researchers conduct exhaustive qualitative and quantitative research. This research involves taking inputs from the experts in the market, focused attention on recent developments, and others. This method of research makes TMR stand out from other market research firms.

Here's how Transparency Market Research helps the stakeholders and CXOs through the reports:

Inculcation and Evaluation of Strategic Collaborations: The TMR researchers analyze recent strategic activities like mergers, acquisitions, partnerships, collaborations, and joint ventures. All the information is compiled and included in the report.

Perfect Market Size Estimations: The report analyzes the demographics, growth potential, and capability of the market through the forecast period. This factor leads to the estimation of the market size and also provides an outline about how the market will retrieve growth during the assessment period.

Investment Research: The report focuses on the ongoing and upcoming investment opportunities across a particular market. These developments make the stakeholders aware of the current investment scenario across the market.

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Aerospace Fasteners Market

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