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Aerospace Fasteners Market Growth with Worldwide Industry Analysis to 2019 – 2027

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.

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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.

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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.

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

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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

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on: Market segments and sub-segments Market trends and dynamics Supply and demand Market size Current trends/opportunities/challenges Competitive landscape Technological breakthroughs Value chain and stakeholder analysis

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report: A complete backdrop analysis, which includes an assessment of the parent market Important changes in market dynamics Market segmentation up to the second or third level Historical, current, and projected size of the market from the standpoint of both value and volume Reporting and evaluation of recent industry developments Market shares and strategies of key players Emerging niche segments and regional markets An objective assessment of the trajectory of the market Recommendations to companies for strengthening their foothold in 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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