Technavios
market research analysts expect the global aerospace fasteners market to steadily
during the forecast period, posting a CAGR of more than 7%. Aerospace fasteners
are widely used in commercial and military aircraft, ballistic missiles and
rockets, and they are also offered in aftermarket service. The aerospace
industry makes use of a wide range of fasteners such as bolts, nuts, screws,
rivets, pins, and hi-locks.
The
growing demand for air travel worldwide has resulted in an increased demand for
commercial aircraft fleet, which is a major driver stimulating the growth of
the aerospace fasteners market globally. Many countries are investing in the
acquisition of military planes, helicopters, and transport aircraft.
The
aerospace fastener manufacturers are increasingly focusing on emerging regions
like Mexico, Brazil, India, and North Africa because of their high demand for
aircraft. This offers opportunities for third-party companies to collaborate
with OEMs and open MRO service centers in these regions.
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Segmentation
by application of the aerospace fasteners market
Commercial
aerospace
Military aerospace
With
a market share of more than 59%, the commercial aerospace segment holds the
largest share of the global aerospace fasteners market in 2015. The commercial
aerospace market is predicted to reach approximately $5 billion in revenue and
will continue its dominance until 2020.
Geographical
segmentation of the aerospace fasteners market
Americas
APAC
EMEA
At
present, the Americas dominates the aerospace fasteners market with many
attractive investments contributing to its growth. The mergers of major
airlines in the US is one of the main reasons driving the growth of the market
as these airlines are investing in advanced technology and upgrading fasteners
to enhance their flight safety and operations, thus having a positive impact on
the market.
Competitive
landscape and key vendors
Since
mergers and acquisitions, coupled with increased collaboration with alliance
partners worldwide, will drive the market during the forecast period, the
market is likely to witness a growing trend of local acquisitions by the
leading players. Such acquisitions will augment the position of the company in
the market and facilitate direct access to local customers. Providing
cost-effective and high-quality aerospace fasteners with the latest technology
and materials is another key factor to stay competitive in the market.
The
leading vendors in the market are -
3V
Fasteners
Alcoa
B&B Specialties
KLX
LISI Aerospace
The
other prominent vendors of the market include CDP Fastener Group, National
Aerospace Fasteners, Stanley Aerospace Fastening, TFI Aerospace, and Wesco
Aircraft Holdings.
Key questions answered in the
report
What
will the market size and the growth rate be in 2020
What
are the key factors driving the global aerospace fasteners market
What are the key market trends
impacting the growth of the global aerospace fasteners market
What are the challenges to market
growth
Who are the key vendors in the
global aerospace fasteners market
What are the market opportunities
and threats faced by the global aerospace fasteners market
Trending factors influencing the
market shares for EMEA, APAC, and the Americas.
What are the key outcomes of the
five forces analysis of the global aerospace fasteners market
Technavio
also offers customization on reports based on specific client requirement.
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