Aerospace Grade Fastener Market Global Industry Analysis and Forecast (2024-2030) By Type (Screw, Rivet, Nut, Fittings, Pins, Others), By Platform (Fixed-wing Aircraft, Rotary-wing Aircraft), By Application (Military Aircraft, Civil Aircraft, Commercial Aircraft), By Material (Aluminum, Steel, Superalloys, Titanium), and Region.
Global Aerospace Grade Fastener Market Synopsis
Aerospace Grade Fastener Market Size Was Valued at USD 7,300.00 Million in 2023 and is Projected to Reach USD 14,050.00 Million by 2030, Growing at a CAGR of 8.38% From 2024-2030.
The Global Aerospace Grade Fastener Market is driven by the growing need for materials that are strong, lightweight, and long-lasting in aerospace applications is driving the global market for aerospace-grade fasteners. Growing air travel and defence budgets are major contributors to the increase in both military and commercial aircraft production. The market is growing because of advanced technologies like composite materials and additive manufacturing that further improve fastener performance.
• The Global Aerospace Grade Fastener providers are doing strategic partnerships across the globe, with distributors and suppliers, to increase their market presence.
• In the context of the Global Aerospace Grade Fastener Market, these service providers are focusing on developing new technologies to address market needs by enhancing their competitive advantage. The vendors are also putting millions of dollars into R&D for technological advancement in the product.
• The growing trend towards lightweight and fuel-efficient aircraft presents a significant opportunity for the Global Aerospace Grade Fastener Market. As the aerospace industry focuses on reducing fuel consumption and emissions, aircraft manufacturers are increasingly prioritizing the use of lightweight materials in both aircraft structures and Types. This trend is driven by the need to meet environmental regulations, reduce operational costs, and improve overall aircraft performance. Aerospace fasteners, being integral to aircraft construction, must adapt to these changes by utilizing advanced lightweight materials that help reduce the overall weight of the aircraft.
Global Aerospace Grade Fastener Market Trend Analysis
Increasing Air Traffic and Aircraft Production:
• The rising demand for air travel, particularly in emerging economies, is a key driver of the growth in the Global Aerospace Grade Fastener Market. As economic development accelerates in countries across Asia-Pacific, Latin America, and Africa, more people can afford air travel, leading to a sharp increase in passenger traffic. This growing demand for air travel has directly impacted the production rates of commercial aircraft. To meet the surge in demand, airlines and manufacturers are increasing the production of both new aircraft and replacement parts, which significantly raises the need for high-quality aerospace fasteners. Aircraft require a vast array of fasteners for assembling Types such as wings, fuselage, engines, and landing gear, as well as for interior fixtures. These fasteners must meet the strict standards of performance, durability, and safety required in aerospace applications.
Emerging Markets:
• Emerging markets like China, India, and Brazil are investing heavily in expanding their fleets of commercial aircraft. China has emerged as one of the largest markets for aircraft production and air travel demand. This expansion has stimulated both OEM (Original Equipment Manufacturer) and aftermarket demand for aerospace fasteners. As airlines and manufacturers increase production to meet growing demand, there is an increasing need for high-performance materials, such as titanium, stainless steel, and aluminium alloys, which are commonly used in aerospace fasteners.
Global Aerospace Grade Fastener Market Segment Analysis:
Aerospace Grade Fastener Market Segmented based on Type, Platform, Application, and Material.
By Application, Commercial Aircraft segment is expected to dominate the market during the forecast period
• Commercial Aircraft was valued at US$ 2,928.76 Million in 2023 and is expected to reach US$ 5,666.37 Million by 2030 at a CAGR 8.45%.
• In the Application segment, Commercial Aircraft accounted for the maximum revenue share of 40.12% in 2023. The growing demand for air travel and the global development of airline fleets. The development of new commercial aircraft is fuelled by the quick expansion of low-cost airlines and rising passenger numbers in developing nations.
• Additionally, the need for fasteners is increased by the development of fuel-efficient aircraft as well as the strong aftermarket demand for fleet maintenance and repair. When assembling an airplane, these fasteners are essential for maintaining both performance and structural integrity.
Global Aerospace Grade Fastener Market Regional Insights:
North America is Expected to Dominate the Market Over the Forecast period
• North America region is anticipated to dominate the market due to of its sophisticated industrial sector, huge defence spending, and sophisticated aerospace industry. Aerospace-grade fasteners are in high demand due to the presence of major aircraft manufacturers like Boeing and Lockheed Martin as well as a strong supply chain network. The strong government support for defence and space exploration also contributes to the market's growth in North America.
• North America was valued at US$ 2,793.91 Million in 2023 and is expected to reach US$ 5,444.38 Million by 2030 at a CAGR 8.54%.
• North America is predicted to have the biggest market share (38.75%) throughout the forecast period. the region's focus on technological innovation, including lightweight and high-strength materials, enhances its market position. Increased air travel demand and fleet modernization initiatives further boost the need for these Types. The strong government support for defence and space exploration also contributes to the market's growth in North America.
Global Aerospace Grade Fastener Market Top Key Players:
• P & R Fasteners
• Saturn Fasteners
• ZAGO Manufacturing
• Wyandotte Industries
• MS Aerospace
• Click Bond
• LISI Aerospace
• Caparo
• B&G Manufacturing
• TriMas Aerospace
• Other Major Players
Key Developments:
• In October 2024, Click Bond announced its participation in the Frontline.io Partner Program, a move aimed at strengthening its digital transformation initiatives. By joining the program, the company leveraged Frontline.io's advanced technologies to optimize data sharing and collaboration within its operations. This partnership underscored Click Bond's commitment to integrating cutting-edge tools to enhance efficiency and innovation across its processes.
• In May 2024, LISI Aerospace announced the strengthening of its partnership with Watch Out, a leading provider of monitoring solutions, to enhance its capabilities in predictive maintenance and process optimization. Through this collaboration, LISI Aerospace aimed to integrate Watch Out’s innovative technologies into its manufacturing processes, improving efficiency and ensuring the long-term reliability of its aerospace Types. This strategic partnership underscored LISI Aerospace’s commitment to innovation and maintaining high standards of quality in its operations.
Global Aerospace Grade Fastener Market RD TOC:
1. Research Methodology
1.1. Global Aerospace Grade Fastener Market Snapshot, 2024 and 2030
1.2. Data Mining
1.3. Validation
1.4. Primary Interviews
1.5. List of Data Sources
1.6. Future Market Projections
1.7. Industry Developments and Key Market Events
2. Executive Summary
3. Market Overview
3.1. Market Scope and Definition
3.2. Market Dynamics
3.2.1. Drivers
3.2.2. Restraints
3.2.3. Opportunity
3.2.4. Challenges
3.2.5. Key Trends
3.3. Aerospace Grade Fastener Market: Value Chain
3.3.1. List of Raw Material Supplier
3.3.2. List of Manufacturers
3.3.3. List of Application
3.4. Porter Five Force’s Analysis
3.5. Regulatory and Technology Landscape
4. Global Aerospace Grade Fastener Market Outlook: Forecast (2024 – 2030)
4.1. Key Highlights
4.1.1. Market Size and Y-o-Y Growth
4.1.2. Absolute $ Opportunity
4.2. Market Size (US$ Mn) Analysis and Forecast
4.2.1. Current Market Size Forecast, 2024–2030
4.3. Global Aerospace Grade Fastener Market Outlook: Type
4.3.1. Introduction / Key Findings
4.3.2. Market Size (US$ Mn) and Forecast Type, 2024 – 2030
4.3.2.1. Screw
4.3.2.2. Rivet
4.3.2.3. Nut
4.3.2.4. Fittings
4.3.2.5. Pins
4.3.2.6. Others
4.4. Global Aerospace Grade Fastener Market Outlook: Platform
4.4.1. Introduction / Key Findings
4.4.2. Market Size (US$ Mn) and Forecast By Platform, 2024 – 2030
4.4.2.1. Fixed-wing Aircraft
4.4.2.2. Rotary-wing Aircraft
4.5. Global Aerospace Grade Fastener Market Outlook: Application
4.5.1. Introduction / Key Findings
4.5.2. Market Size (US$ Mn) and Forecast By Application, 2024 – 2030
4.5.2.1. Military Aircraft
4.5.2.2. Civil Aircraft
4.5.2.3. Commercial Aircraft
4.6. Global Aerospace Grade Fastener Market Outlook: Material
4.6.1. Introduction / Key Findings
4.6.2. Market Size (US$ Mn) and Forecast By Material, 2024 – 2030
4.6.2.1. Aluminum
4.6.2.2. Steel
4.6.2.3. Superalloys
4.6.2.4. Titanium
5. Global Aerospace Grade Fastener Market Outlook: Region
5.1. Key Highlights
5.2. Market Size (US$ Mn) and Forecast By Region, 2024 – 2030
5.2.1. North America
5.2.2. Europe
5.2.3. Asia Pacific
5.2.4. Latin America
5.2.5. Middle East & Africa (MEA)
6. North America Aerospace Grade Fastener Market Outlook: Forecast (2024 – 2030)
6.1. Key Highlights
6.2. Pricing Analysis
6.3. Market Size (US$ Mn) and Analysis By Market, 2024 – 2030
6.3.1. By Country
6.3.2. By Type
6.3.3. By Platform
6.3.4. By Application
6.3.5. By Material
6.4. Market Size (US$ Mn) and Forecast By Country, 2024 – 2030
6.4.1. U.S.
6.4.2. Canada
6.4.3. Mexico
6.5. Market Size (US$ Mn) and Forecast By Type, 2024 – 2030
6.5.1. Screw
6.5.2. Rivet
6.5.3. Nut
6.5.4. Fittings
6.5.5. Pins
6.5.6. Others
6.6. Market Size (US$ Mn) and Forecast By Platform, 2024 – 2030
6.6.1. Fixed-wing Aircraft
6.6.2. Rotary-wing Aircraft
6.7. Market Size (US$ Mn) and Forecast By Application, 2024 – 2030
6.7.1. Military Aircraft
6.7.2. Civil Aircraft
6.7.3. Commercial Aircraft
6.8. Market Size (US$ Mn) and Forecast By Material, 2024 – 2030
6.8.1. Aluminum
6.8.2. Steel
6.8.3. Superalloys
6.8.4. Titanium
7. Europe Aerospace Grade Fastener Market Outlook: Forecast (2024 – 2030)
7.1. Key Highlights
7.2. Pricing Analysis
7.3. Market Size (US$ Mn) and Analysis By Market, 2024 – 2030
7.3.1. By Country
7.3.2. By Type
7.3.3. By Platform
7.3.4. By Application
7.3.5. By Material
7.4. Market Size (US$ Mn) and Forecast By Country, 2024 – 2030
7.4.1. Germany
7.4.2. France
7.4.3. U.K.
7.4.4. Russia
7.4.5. Italy
7.4.6. Spain
7.4.7. Rest of Europe
7.5. Market Size (US$ Mn) and Forecast By Type, 2024 – 2030
7.5.1. Screw
7.5.2. Rivet
7.5.3. Nut
7.5.4. Fittings
7.5.5. Pins
7.5.6. Others
7.6. Market Size (US$ Mn) and Forecast By Platform, 2024 – 2030
7.6.1. Fixed-wing Aircraft
7.6.2. Rotary-wing Aircraft
7.7. Market Size (US$ Mn) and Forecast By Application, 2024 – 2030
7.7.1. Military Aircraft
7.7.2. Civil Aircraft
7.7.3. Commercial Aircraft
7.8. Market Size (US$ Mn) and Forecast By Material, 2024 – 2030
7.8.1. Aluminum
7.8.2. Steel
7.8.3. Superalloys
7.8.4. Titanium
8. Asia Pacific Aerospace Grade Fastener Market Outlook: Forecast (2024 – 2030)
8.1. Key Highlights
8.2. Pricing Analysis
8.3. Market Size (US$ Mn) and Analysis By Market, 2024 – 2030
8.3.1. By Country
8.3.2. By Type
8.3.3. By Platform
8.3.4. By Application
8.3.5. By Material
8.4. Market Size (US$ Mn) and Forecast By Country, 2024 – 2030
8.4.1. China
8.4.2. Japan
8.4.3. India
8.4.4. South Korea
8.4.5. Australia
8.4.6. New Zealand
8.4.7. Singapore
8.4.8. Malaysia
8.4.9. Rest of Asia
8.5. Market Size (US$ Mn) and Forecast By Type, 2024 – 2030
8.5.1. Screw
8.5.2. Rivet
8.5.3. Nut
8.5.4. Fittings
8.5.5. Pins
8.5.6. Others
8.6. Market Size (US$ Mn) and Forecast By Platform, 2024 – 2030
8.6.1. Fixed-wing Aircraft
8.6.2. Rotary-wing Aircraft
8.7. Market Size (US$ Mn) and Forecast By Application, 2024 – 2030
8.7.1. Military Aircraft
8.7.2. Civil Aircraft
8.7.3. Commercial Aircraft
8.8. Market Size (US$ Mn) and Forecast By Material, 2024 – 2030
8.8.1. Aluminum
8.8.2. Steel
8.8.3. Superalloys
8.8.4. Titanium
9. Latin America Aerospace Grade Fastener Market Outlook: Forecast (2024 – 2030)
9.1. Key Highlights
9.2. Pricing Analysis
9.3. Market Size (US$ Mn) and Analysis By Market, 2024 – 2030
9.3.1. By Country
9.3.2. By Type
9.3.3. By Platform
9.3.4. By Application
9.3.5. By Material
9.4. Market Size (US$ Mn) and Forecast By Country, 2024 – 2030
9.4.1. Brazil
9.4.2. Argentina
9.4.3. Colombia
9.4.4. Peru
9.4.5. Chile
9.4.6. Venezuela
9.4.7. Rest of Latin America
9.5. Market Size (US$ Mn) and Forecast By Type, 2024 – 2030
9.5.1. Screw
9.5.2. Rivet
9.5.3. Nut
9.5.4. Fittings
9.5.5. Pins
9.5.6. Others
9.6. Market Size (US$ Mn) and Forecast By Platform, 2024 – 2030
9.6.1. Fixed-wing Aircraft
9.6.2. Rotary-wing Aircraft
9.7. Market Size (US$ Mn) and Forecast By Application, 2024 – 2030
9.7.1. Military Aircraft
9.7.2. Civil Aircraft
9.7.3. Commercial Aircraft
9.8. Market Size (US$ Mn) and Forecast By Material, 2024 – 2030
9.8.1. Aluminum
9.8.2. Steel
9.8.3. Superalloys
9.8.4. Titanium
10. Middle East & Africa Aerospace Grade Fastener Market Outlook: Forecast (2024 – 2030)
10.1. Key Highlights
10.2. Pricing Analysis
10.3. Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2024 – 2030
10.3.1. By Country
10.3.2. By Type
10.3.3. By Platform
10.3.4. By Application
10.3.5. By Material
10.4. Market Size (US$ Mn) and Forecast By Country, 2024 – 2030
10.4.1. Saudi Arabia
10.4.2. UAE
10.4.3. Egypt
10.4.4. Kuwait
10.4.5. South Africa
10.4.6. Rest of Middle East & Africa
10.5. Market Size (US$ Mn) and Forecast By Type, 2024 – 2030
10.5.1. Screw
10.5.2. Rivet
10.5.3. Nut
10.5.4. Fittings
10.5.5. Pins
10.5.6. Others
10.6. Market Size (US$ Mn) and Forecast By Platform, 2024 – 2030
10.6.1. Fixed-wing Aircraft
10.6.2. Rotary-wing Aircraft
10.7. Market Size (US$ Mn) and Forecast By Application, 2024 – 2030
10.7.1. Military Aircraft
10.7.2. Civil Aircraft
10.7.3. Commercial Aircraft
10.8. Market Size (US$ Mn) and Forecast By Material, 2024 – 2030
10.7.4. Aluminum
10.7.5. Steel
10.7.6. Superalloys
10.7.7. Titanium
11. Competition Analysis
11.1. Market Share Analysis Of Top Vendors
11.2. Market Structure
11.2.1. Competition Intensity Mapping By Market
11.2.2. Competition Dashboard
11.2.3. Key Development Strategies
11.3. Company Profiles
11.3.1. P & R Fasteners
11.3.1.1. Overview
11.3.1.2. Offerings
11.3.1.3. Business Segment & Geographic Overview
11.3.1.4. Key Financials
11.3.1.5. Key Market Developments
11.3.1.6. Key Market Strategy
11.3.2. Saturn Fasteners
11.3.3. ZAGO Manufacturing
11.3.4. Wyandotte Industries
11.3.5. MS Aerospace
11.3.6. Click Bond
11.3.7. LISI Aerospace
11.3.8. Caparo
11.3.9. B&G Manufacturing
11.3.10. TriMas Aerospace
11.3.11. Other Major Players
