The global aerospace fastener market is expected to reach USD 10.34 Billion by 2026, according to a new report by Reports and Data. The increasing demand for flight journey across the world is estimated to stimulate the market demand in the upcoming years. Airlines across the globe are increasing their activities to cater to more passengers by updating their fleets and adding modern aircraft that are more fuel-efficient to compete with low-cost competitors while sustaining healthy profitability. As aerospace fasteners are used in the manufacturing of aircraft, the demand for these components is anticipated to increase as more people opt for air travel both domestically and internationally. The aviation industry has seen substantial growth over the past 20 years, with the number of passengers rising from 1.47 Billion in 1998 to 3.98 Billion in 2017.
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Key participants include Alcoa Fastening Systems & Rings, Stanley Black & Decker Inc., LISI Aerospace, Precision Castparts Corp., TriMas Corporation, National Aerospace Fasteners Corp., B&B Specialities Inc., 3V Fasteners Company Inc., TFI Aerospace Corp., and TPS Aviation, among others.
The research segments the market based on product type, applications and end-use. It profiles the key players of the business and their individual contribution to the global economy. The report focuses on significant investments, business ventures, mergers, acquisitions, collaborations along with the technological developments in the field. It also evaluates the upcoming and niche areas in the business. The researcher aims to offer expert insights related to the industry and the new opportunities available in the market.
For the purpose of this report, Reports and Data have segmented the global Aerospace Fastener market according to Product, Component, Application, End-user, and Region:
Product Type Outlook (Volume, Thousand Units; 2016-2026 and Revenue, USD Million; 2016-2026)
- Screws & Bolts
- Nuts
- Rivets
- Special Products
- Others
Material Type Outlook (Volume, Thousand Units; 2016-2026 and Revenue, USD Million; 2016-2026)
- Aluminum
- Steel
- Titanium
- Super Alloys
- Others
Usage Outlook (Volume, Thousand Units; 2016-2026 and Revenue, USD Million; 2016-2026)
- Permanent
- Temporary
Aircraft Type Outlook (Volume, Thousand Units; 2016-2026 and Revenue, USD Million; 2016-2026)
- Wide Body
- Single-Aisle
- Regional Jets
End User Outlook (Volume, Thousand Units; 2016-2026 and Revenue, USD Million; 2016-2026)
- General Aviation
- Commercial Aviation
- Defense & Space
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Further key findings from the report suggest
- By product type, rivets held a substantial market share, in terms of volume, in 2018.
- Aluminum fasteners dominated the market in 2018 and is expected to maintain its dominance in the forecast period growing at a rate of 6.4%.
- By end user, the defense & space sector is forecasted to grow at a rate of 6.5% in the forecast period owing to the growing demand for fighter jets in the defense sector as well as increasing space exploration activities.
- The market in North America is contributed to the largest market share in 2018 and is projected to grow at a rate of 6.0% in the forecast period attributed to high demand for new aircraft as well as modernization of existing fleet in the region….Continued
This report comprises drivers, restraints, opportunities, and challenges pertaining to the API testing market; and extensive value chain analysis, patent analysis, analysis of the current manufacturing capability and technology status, commercialization potential in different devices, along with market size forecasts till 2026.
Key Questioned Answered mentioned in the Report –
- What are the products offered by the Aerospace Fastener industry presently?
- What are the different applications of the products offered in this market of Aerospace Fastener?
- Who could be claimed as the most dominant and influential players in this global industry?
- Which factors act as the drivers of this market, and which factors pull this industry down acting as restraints?
- What can be determined by the trends obtained from the evaluation of the historical data for the Aerospace Fastener industry?
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