Busy Aircraft Production Line Keeps Global Demand for Aerospace Fasteners Ticking


The global market for Aerospace Fasteners is projected to reach US$7.7 billion by 2025, driven by healthy production of commercial aircraft supported by new orders from Asia-Pacific coupled with high order backlogs among international OEMs.

Mechanical fastening devices such as bolts, nuts, screws, rivets or nails, that affix or join together two or more objects, are of high significance as they are the critical components that define the integrity and longevity of structures. The aerospace fasteners industry evolved alongside the aerospace industry which witnessed a continuous development of aircraft from commercial, shipping, military and business airplanes to highly advanced ballistic missiles and rockets. Fasteners are required to be highly durable to withstand extreme gravitational pressures when in air. Although fasteners account for just 3% of the total airplane manufacturing cost, they cannot be overlooked because of their small size, as the safety and efficiency of an aircraft is largely dependent on the proper selection and correct installation of these very small hardware parts. The aerospace sector uses variety of fasteners such as hi-locks, bolts, nuts, washers, rivets, collars, screws, spacers and pins. All these fasteners are required to be certified by stringent standards governing usage in each end-use sector and hence the entry barriers for new entrants in this industry are quite high.

The global aerospace industry is concentrated in a few countries. With most of the civil aviation and general aviation production concentrated in North America, and Europe, the market for Aerospace Fasteners also depicts a similar trend. Boeing and Airbus dominate the global commercial aviation market, virtually accounting for the market for large airliners. However, Comac of China has embarked on a program to launch the single-aisle short-haul C919 aircraft by 2020. If successful, the new aircraft would render increased competition in the single-aisle aircraft market. Apart from OEM demand, MROs also require supply of aerospace fasteners. However, demand from MROs is small compared to the OEM market, as aerospace fasteners are regular replacement parts such as engine components and other parts, which witness regular wear and tear requiring periodic replacement.

As stated by the new market research report on Aerospace Fasteners the United States represents the largest market worldwide, supported by the presence of a large number of aerospace companies in the country. Asia-Pacific is forecast to emerge as the fastest growing market with a CAGR of 11.7% over the analysis period, led by the continuous development of the domestic commercial aerospace industry in China and India.

Key players in the market include 3V® Fasteners Company Inc., Aerofit LLC, Allfast Fastening Systems, Arconic Inc., B&B Specialties Inc., Boeing Distribution Services, Bristol Industries LLC, Cherry Aerospace, Consolidated Aerospace Manufacturing LLC, LISI Aerospace S.A.S, M.S. Aerospace, Monogram Aerospace Fasteners, National Aerospace Fasteners Corporation, Nylok Corporation, Precision Castparts Corp., QRP® Inc. , STANLEY Engineered Fastening, TFI Aerospace Corporation, TPS Aviation Inc., TriMas Corporation, Voss Industries Inc. , and Wesco Aircraft Holdings Inc., among others.

The research report titled "Aerospace Fasteners - Market Analysis, Trends, and Forecasts" announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, growth drivers, innovations and launches, and strategic industry activities of major companies worldwide. The single segment report provides market estimates and projections in US dollars for all major geographic markets including the 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.

Global Industry Analysts, Inc. 6150 Hellyer Ave., San Jose CA 95138, USA, All Rights Reserved.

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