Global Aerospace Fastener Market Poised for Substantial Growth, Surging Towards USD 16,493.4 Million by 2034, Growing at 6.4% CAGR | Future Market Insights

The aerospace fastener market is penned in to progress at a CAGR of 3.6% in the United States through 2034. Possessing a renowned fleet, the United States military aircraft are in constant need of equipment. With a budget that is conducive to expanding the fleet even more, military aerospace represents a significant consumer base for fasteners in the country.


NEWARK, Del, June 26, 2024 (GLOBE NEWSWIRE) -- According to Future Market Insights (FMI), the aerospace fastener market is expected to be valued at USD 8,869.4 Million in 2024. The demand for aerospace fasteners is tied to the growth of the aerospace industry. As both commercial and military aircraft get the go-ahead, more fasteners are being demanded, and thus, the market is expanding.

The market is set to register a CAGR of 6.4% from 2024 to 2034. Commercial flights are becoming even more frequent as more tourists make long-distance trips. The increasing disposable income of the working-class population in developed and developing countries is seeing more people turn to commercial air travel. In turn, the aerospace fastener sector is benefitting.

By 2034, the market is set to acquire a valuation of USD 16,493.4 Million. One way through which market players are expanding the trust placed in their products is by making them able to withstand harsh conditions. Fasteners that provide enhanced protection from corrosion and can operate at high pressure are set to add considerable value to the market.

Gather More Details – Request Sample Report Now! https://www.futuremarketinsights.com/reports/sample/rep-gb-2067

There are, however, certain downsides to the market. The pricey nature of raw materials makes the production process costly and sees new entrants back off. The competition provided by composite materials also serves to slow down progress.

Key Takeaways from the Aerospace Fastener Market:

  • Aluminum is the top material, expected to account for 37.5% of the market share in 2024.
  • Commercial aerospace leads the application segment, with mechanical commercial aerospace expected to account for 67.5% of the market share in 2024.
  • India shows promise for the market, with an estimated CAGR of 9.5% for the forecast period.
  • China and Spain are forecasted to be lucrative countries for the market, with predicted CAGRs of 7.2% and 4.8%, respectively, over the forecast period.
  • The market is expected to register CAGRs of 2.5% and 3.6% in the United Kingdom and the United States, respectively, over the forecast period.

“Making the production process smoother is one way through which producers are maximizing profits. The use of 3D technology is helping producers streamline the process. In addition, the use of robotics helps investors save on labor costs. Thus, technology is set to play a key role in the market moving forward,” – opines Nikhil Kaitwade, Associate Vice President at Future Market Insights (FMI).

Competition Analysis of the Aerospace Fastener Market:

A few players have earned a reputable name in the market, building trust with commercial airlines. However, small-scale companies also have the potential to advance, with startups making noise in the market.

Recent Developments in the Aerospace Fastener Market:

  • In March 2024, Alabama Aerospace decided to open a new production facility in Santa Fe Springs, the United States.
  • In January 2024, Pilgrim Aerospace Fasteners was acquired by MEIDOH Co. Ltd.

Key Manufacturers in Aerospace Fasteners Industry:

  • 3V Fasteners Company Inc.
  • Acumen Global Technologies
  • Advanced Logistics for Aerospace
  • Alcoa Fastening Systems & Rings
  • Allfast Fastening Systems
  • Avdel Private Limited
  • B&B Specialties, Inc.
  • Bufab Group
  • EADS
  • Arconic
  • Ho-Ho-Kus Inc.

Grab the Report Now to Stay Ahead of Your Competition! https://www.futuremarketinsights.com/checkout/2067

Aerospace Fasteners Market Segmentation Analysis:

By Product Type:

  • Pins
  • Bolts
  • Studs
  • Screws
  • Rivets

By Application:

  • Commercial Aerospace
  • Military Aerospace

By Material:

  • Aluminium
  • Steel
  • Superalloys
  • Titanium

By Region:

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • Middle East and Africa

Author By:

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

Explore Future Market Insights, Inc. Extensive Coverage in Automotive Domain:

The global automotive fasteners market size is estimated to be valued at USD 47,174.7 Million in 2032.

The APAC automotive telematics market size is anticipated to be valued at USD 414.5 Billion by 2033.

The global automotive active safety system market size is anticipated to reach USD 45.69 Billion by 2034.

The automotive active roll control system market is expected to reach a valuation of USD 4.5 Billion by 2032.

The Latin America Automotive HVAC market share is projected to reach USD 11,399.6 Million in 2032.

The global automotive active suspension system market size reached USD 17,674.6 Million by 2033.

The motorcycle suspension system market is projected to expand at a CAGR of 6.05% between 2023 and 2033.

The Europe Automotive Night Vision System Market share is projected to reach USD 604.8 Million in 2032.

The automotive back-up camera market share is projected to reach USD 465.8 Million by 2033.

The India automotive stamping market share is projected to reach USD 18.86 Billion by 2033.

About Future Market Insights (FMI):

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, USA and India. FMI's latest market research reports and market analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact Us:       

Future Market Insights Inc.

Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware - 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedInTwitterBlogs | YouTube