Aerospace Fasteners Market - Global Forecast to 2021

“Increasing aircraft orders is a major factor driving the aerospace fasteners market globally’’

The aerospace fasteners market is projected to grow from USD 5.49 billion in 2016 to USD 7.73 billion by 2021, at a CAGR of 7.08%. Factors influencing the growth of this market include the rise in aircraft orders due to the growth in air transport in emerging economies. The growth of aerospace fasteners market is directly proportional to the health of the airline industry. Due to application specific requirements of raw materials and limited number of suppliers, raw materials management is a burning issue for aerospace fastener manufacturers.

“Wide body aircraft segment is projected to be the fastest-growing segment during the forecast period”
Increased efficiencies and lower oil prices have saved the airline industry tens of billions of dollars. The airline industry also produced record breaking operating results in terms of profits and increased efficiencies, which have resulted in increased implementation of new aircraft. In the next 10 years, the number of wide body airplanes entering the replacement zone will double.


“Nuts & bolts segment is projected to be the fastest-growing segment during the forecast period”
With the rise in aircraft orders in emerging regions such as Asia–Pacific and also in North America and Europe, the requirement for aerospace fasteners is high. Maintenance activities for existing aircraft fleet will also lead to increased demand of aerospace fasteners. Nuts & bolts are used extensively during manufacturing and maintenance process as they have high tensile strength and their ability to affix critical structural components together. Owing to this, the nuts & bolts segment is projected to be the fastest-growing segment during the forecast period.

“Europe is estimated to be the largest market while Asia-Pacific is projected to be the fastest-growing market during the forecast period”
Considering the number of suppliers for aircraft components in European countries, it is estimated to be the largest market for aerospace fasteners during the forecast period. On the other hand, Asia-Pacific region is projected to be the fastest-growing market during the forecast period owing to the presence of emerging economies, increased air travel, and rising demands for aircraft.

Following is the break-up of primary interviews conducted for research study:
‧ By Company Type: Tier 1 – 35%, Tier 2 – 45%, and Tier 3 – 20%
‧ By Designation: C level – 35%, Director level – 25%, and Others – 40%
‧ By Region: North America - 45%, Europe – 30%, APAC – 20%, RoW – 5%

The ecosystem of the aerospace fasteners market comprises raw material suppliers; OEMs (component manufacturers) such as Alcoa Fastening Systems & Rings (U.S.), LISI Aerospace (U.S.), Precision Castparts Corp. (U.S.), Stanley Black & Decker Inc. (U.S.); airplane manufacturers such as Boeing (U.S.), Airbus (France), Bombardier (Canada), Embraer (Brazil), Comac (China), Dassault Systemes (France), among others; and end users.

Market segments covered under the aerospace fasteners market are:
‧ By Product (Rivets, Nuts & Bolts, Screws, Others)
‧ By Application (Fuselage, Control Surfaces, Interior)
‧ By Aircraft Type ( NBA, WBA, VLA, Regional Jets, Business Jets, Fighter Jets)
‧ By End User (Commercial, Defense)
‧ By Material Type (Aluminum, Titanium, Alloy Steel, Others)

Reasons to Buy the Report:

From an insights perspective, this research report has focused on various levels of analysis —industry analysis (industry trends, market share analysis of top players, value chain analysis, and company profiles), which together comprise and discuss basic views on competitive landscape, emerging and high-growth segments of the aerospace fasteners market, high-growth regions and countries, along with the market drivers, restraints, and opportunities.

The report provides insights into the following pointers:
 Market Penetration: Comprehensive information on fasteners offered by the top 10 market players

 Product Development/Innovation: Detailed insights on research & development activities and new product launches in the aerospace fasteners market

 Market Development: Comprehensive information about emerging markets - the report analyzes the markets for aerospace fasteners market across regions

 Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the aerospace fasteners market

 Competitive Assessment: In-depth assessment of market shares, strategies, and products of leading players in the aerospace fasteners market

TABLE OF CONTENTS

1 INTRODUCTION 17
1.1 OBJECTIVES OF THE STUDY 17
1.2 MARKET DEFINITION 17
1.3 STUDY SCOPE 18
1.3.1 MARKETS COVERED 18
1.3.2 REGIONAL SCOPE 18
1.3.3 YEARS CONSIDERED FOR THE STUDY 19
1.4 CURRENCY & PRICING 19
1.5 LIMITATIONS 20
1.6 MARKET STAKEHOLDERS 20
2 RESEARCH METHODOLOGY 21
2.1 INTRODUCTION 21
2.2 RESEARCH DATA 22
2.2.1 SECONDARY DATA 22
2.2.1.1 Key data from secondary sources 22
2.2.2 PRIMARY DATA 23
2.2.2.1 Key data from primary sources 23
2.2.2.2 Breakdown of primaries 23
2.3 FACTOR ANALYSIS 24
2.3.1 INTRODUCTION 24
2.3.2 DEMAND-SIDE ANALYSIS 24
2.3.2.1 Rise in aircraft orders 24
2.3.3 SUPPLY-SIDE ANALYSIS 24
2.3.3.1 Increase in production capacity 25
2.4 MARKET SIZE ESTIMATION 25
2.4.1.1 Bottom-up approach 25
2.4.1.2 Top-down approach 26
2.5 MARKET BREAKDOWN AND DATA TRIANGULATION 27
2.6 RESEARCH ASSUMPTIONS 28
3 EXECUTIVE SUMMARY 29
4 PREMIUM INSIGHTS 34
4.1 ATTRACTIVE OPPORTUNITIES IN AEROSPACE FASTENERS MARKET 34
4.2 AEROSPACE FASTENERS MARKET, BY AIRCRAFT TYPE 34
4.3 AEROSPACE FASTENERS MARKET, BY APPLICATION 35
4.4 AEROSPACE FASTENERS MARKET, BY PRODUCT 35
4.5 AEROSPACE FASTENERS MARKET SHARE ANALYSIS, BY REGION 36
4.6 AEROSPACE FASTENERS MARKET, BY END USER 36
4.7 LIFE CYCLE ANALYSIS, BY REGION 37
5 MARKET OVERVIEW 38
5.1 INTRODUCTION 39
5.2 MARKET SEGMENTATION 39
5.2.1 BY AIRCRAFT TYPE 40
5.2.2 BY APPLICATION 41
5.2.3 BY END USER 42
5.2.4 BY MATERIAL TYPE 43
5.2.5 BY PRODUCT 44
5.2.6 BY REGION 45
5.3 MARKET DYNAMICS 45
5.3.1 DRIVERS 46
5.3.1.1 Increasing aircraft orders 46
5.3.2 RESTRAINTS 47
5.3.2.1 Application of composite materials 47
5.3.2.2 Raw materials management 47
5.3.3 OPPORTUNITIES 48
5.3.3.1 High growth in emerging markets 48
5.3.3.2 Innovations in research and development 48
5.3.4 CHALLENGES 48
5.3.4.1 Quality accreditations 48
6 INDUSTRY TRENDS 49
6.1 INTRODUCTION 49
6.2 EMERGING TRENDS 49
6.2.1 KEY INFLUENCERS 49
6.3 PORTER’S FIVE FORCES ANALYSIS 50
6.3.1 THREAT OF NEW ENTRANTS 50
6.3.2 THREAT OF SUBSTITUTES 50
6.3.3 BARGAINING POWER OF SUPPLIERS 51
6.3.4 BARGAINING POWER OF BUYERS 51
6.3.5 INTENSITY OF COMPETITIVE RIVALRY 51
7 AEROSPACE FASTENERS MARKET, BY PRODUCT 52
7.1 INTRODUCTION 53
7.2 NUTS & BOLTS 54
7.3 RIVETS 54
7.4 SCREWS 54
7.5 OTHERS 54
8 AEROSPACE FASTENERS MARKET, BY MATERIAL TYPE 55
8.1 INTRODUCTION 56
8.2 ALUMINUM 57
8.3 ALLOY STEEL 57
8.4 TITANIUM 57
8.5 OTHERS 57
9 AEROSPACE FASTENERS MARKET, BY APPLICATION 58
9.1 INTRODUCTION 59
9.2 FUSELAGE 60
9.3 CONTROL SURFACES 60
9.4 INTERIOR 60
10 AEROSPACER FASTENERS MARKET, BY END USER 61
10.1 INTRODUCTION 62
10.2 COMMERCIAL 63
10.3 DEFENSE 63
11 AEROSPACE FASTENERS MAREKT- BY AIRCRAFT TYPE 64
11.1 INTRODUCTION 65
11.2 NARROW BODY AIRCRAFT 66
11.3 WIDE BODY AIRCRAFT 66
11.4 VERY LARGE AIRCRAFT 66
11.5 REGIONAL TRANSPORT AIRCRAFT 67
11.6 BUSINESS JET 67
11.7 FIGHTER JET 67
12 REGIONAL ANALYSIS 68
12.1 INTRODUCTION 69
12.2 NORTH AMERICA 70
12.2.1 BY TYPE 72
12.2.2 BY MATERIAL TYPE 73
12.2.3 BY APPLICATION 74
12.2.4 BY END USER 75
12.2.5 BY AIRCRAFT TYPE 76
12.2.6 BY COUNTRY 77
12.2.6.1 U.S. 77
12.2.6.1.1 By material type 78
12.2.6.1.2 By application 78
12.2.6.1.3 By end user 79
12.2.6.2 CANADA 79
12.2.6.2.1 By material type 79
12.2.6.2.2 By application 80
12.2.6.2.3 By end user 80
12.3 EUROPE 81
12.3.1 BY TYPE 82
12.3.2 BY MATERIAL TYPE 83
12.3.3 BY APPLICATION 84
12.3.4 BY END USER 85
12.3.5 BY AIRCRAFT TYPE 86
12.3.6 BY COUNTRY 87
12.3.6.1 FRANCE 88
12.3.6.1.1 By material type 88
12.3.6.1.2 By application 89
12.3.6.1.3 By end user 89
12.3.6.2 GERMANY 89
12.3.6.2.1 By material type 90
12.3.6.2.2 By application 90
12.3.6.2.3 By end user 91
12.3.6.3 U.K. 91
12.3.6.3.1 By material type 92
12.3.6.3.2 By application 92
12.3.6.3.3 By end user 93
12.3.6.4 SPAIN 93
12.3.6.4.1 By material type 94
12.3.6.4.2 By application 94
12.3.6.4.3 By end user 95
12.3.6.5 ITALY 95
12.3.6.5.1 By material type 96
12.3.6.5.2 By application 96
12.3.6.5.3 By end user 97
12.3.6.6 REST OF EUROPE 97
12.3.6.6.1 By material type 97
12.3.6.6.2 By application 98
12.3.6.6.3 By end user 99
12.4 ASIA-PACIFIC 99
12.4.1 BY FASTENERS TYPE 101
12.4.2 BY MATERIAL TYPE 102
12.4.3 BY APPLICATION 103
12.4.4 BY END USER 104
12.4.5 BY AIRCRAFT TYPE 104
12.4.6 BY COUNTRY 105
12.4.6.1 RUSSIA 106
12.4.6.1.1 By material type 107
12.4.6.1.2 By application 107
12.4.6.1.3 By end user 108
12.4.6.2 CHINA 108
12.4.6.2.1 By material type 109
12.4.6.2.2 By application 109
12.4.6.2.3 By end user 110
12.4.6.3 JAPAN 110
12.4.6.3.1 By material type 110
12.4.6.3.2 By application 111
12.4.6.3.3 By end user 111
12.4.6.4 REST OF ASIA-PACIFIC 112
12.4.6.4.1 By material type 112
12.4.6.4.2 By application 113
12.4.6.4.3 By end user 113
12.5 REST OF THE WORLD 113
12.5.1 BY FASTENERS TYPE 114
12.5.2 BY MATERIAL TYPE 115
12.5.3 BY APPLICATION 116
12.5.4 BY END USER 117
12.5.5 BY AIRCRAFT TYPE 117
12.5.6 BY COUNTRY 118
12.5.6.1 BRAZIL 119
12.5.6.1.1 By material type 119
12.5.6.1.2 By application 120
12.5.6.1.3 By end user 120
12.5.6.2 OTHERS 121
12.5.6.2.1 By material type 121
12.5.6.2.2 By application 122
12.5.6.2.3 By end user 122
13 COMPETITIVE LANDSCAPE 123
13.1 INTRODUCTION 123
13.2 BRAND ANALYSIS 124
13.3 MARKET RANK ANALYSIS OF AEROSPACE FASTENERS MARKET 124
13.4 COMPETITIVE SITUATIONS & TRENDS 126
13.4.1 MERGERS & ACQUISITIONS 127
13.4.2 CONTRACTS & AGREEMENTS 128
13.4.3 EXPANSIONS 128
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14 COMPANY PROFILE 129
14.1 INTRODUCTION 129
(Overview, Financials, Products & Services, Strategy, and Developments)*
14.2 FINANCIAL HIGHLIGHT 130
14.3 ALCOA FASTENING SYSTEMS & RINGS 131
14.4 STANLEY BLACK & DECKER INC. 134
14.5 PRECISION CASTPARTS CORP 137
14.6 LISI AEROSPACE 140
14.7 TRIMAS CORPORATION 143
14.8 NATIONAL AEROSPACE FASTENERS CORP. 146
14.9 B&B SPECIALTIES, INC. 148
14.10 3V FASTENERS COMPANY INC. 149
14.11 TFI AEROSPACE CORP. 150
14.12 HO-HO-KUS INC. 151
*Details on overview, financials, product & services, strategy, and developments might not be captured in case of unlisted companies.
15 APPENDIX 152
15.1 DISCUSSION GUIDE 152
15.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 154
15.3 AVAILABLE CUSTOMIZATIONS 156
15.4 RELATED REPORTS 156