Global Aerospace Fasteners Market to Reach USD 11.6 Billion by 2033, Impelled by Expanding Civil Aviation Industry

November 15, 2024 | Aerospace and Defense

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The latest report by IMARC Group, titled "Aerospace Fasteners Market Report by Product Type (Rivets, Screws, Nuts and Bolts, Washers, and Others), Material Type (Aluminium, Alloy Steel, Titanium, and Others), Application (Interior, Control Surfaces, Fuselage), Aircraft Type (Narrow Body Aircraft, Wide Body Aircraft, Very Large Aircraft, Fighter Jet, and Others), End-Use Sector (Commercial, Defense, and Others), and Region 2025-2033," finds that the global aerospace fasteners market size reached USD 7.4 Billion in 2024. Aerospace fasteners are hardware tools that mechanically join two or more components together. They are durable and secure and enhance efficiency while reducing the overall weight of an aircraft. They include screws, rivets, nuts, bolts, and pins that are manufactured using titanium, aluminum, and steel and offer high tensile strength and corrosion resistance. In addition, they are used to create non-permanent joints that can be removed without causing damage to the surrounding equipment. As a result, aerospace fasteners find extensive applications in military aircraft, rockets, ballistic missiles, and satellites.

Global Aerospace Fasteners Market Trends:

The market is primarily driven by the expanding civil aviation industry due to the inflating disposable incomes and growing urbanization across the globe. In addition, various airlines are heavily investing in premium cabin-interior products to enhance the overall flight experience of passengers, representing another major growth-inducing factor. Besides this, several manufacturers are using 3D printing and additive manufacturing (AM) technologies for producing aerospace components. This, coupled with the increasing utilization of superalloys that are more cost-effective and lightweight than other metals to manufacture these fasteners, is also contributing to the market growth. Moreover, the implementation of favorable government policies to improve air transport infrastructure and the increasing space exploration activities are creating a favorable market outlook across the globe. Looking forward, IMARC Group expects the market value to reach USD 11.6 Billion by 2033, exhibiting a CAGR of 5.1% during the forecast period (2025-2033).

Market Summary:

Based on the product type, the market has been classified into rivets, screws, nuts and bolts, washers, and others.
On the basis of the material type, the market has been categorized into aluminum, alloy steel, titanium, and others.
Based on the application, the market has been segmented into interior, control surfaces, and fuselage.
On the basis of the aircraft type, the market has been segregated into narrow-body aircraft, wide-body aircraft, very large aircraft, fighter jets, and others.
Based on the end use sector, the market has been classified into commercial, defense, and others.
Region-wise, the market has been divided into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa.
The competitive landscape of the market has been examined in the report, with some of the key players being Arconic Fastening Systems & Rings, B&B Specialties, LISI Aerospace, 3V Fasteners Company, National Fasteners Company, TriMas Corporation, Wesco Aircraft Holdings, CDP Fastener Group, TFI Aerospace Corporation, Stanley Engineered Fastening, and Ho-Ho-Kus, Inc.

Report Coverage:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	Billion USD
Segment Coverage	Product Type, Material Type, Application, Aircraft Type, End-Use Sector, Region
Region Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Companies Covered	Arconic Fastening Systems & Rings, B&B Specialties, LISI Aerospace, 3V Fasteners Company, National Fasteners Company, TriMas Corporation, Wesco Aircraft Holdings, CDP Fastener Group, TFI Aerospace Corporation, Stanley Engineered Fastening and Ho-Ho-Kus Inc
Customization Scope	10% Free Customization
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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Global Aerospace Fasteners Market to Reach USD 11.6 Billion by 2033, Impelled by Expanding Civil Aviation Industry

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