The global aircraft fasteners market is set to grow at a 2.0% annual rate from 2024 to 2032, reaching an estimated size of US$ 9.1 billion by 2032, according to a new report by Stratview Research. This growth is largely attributed to the increasing production rates of major aircraft programs and expanding global aircraft fleets.
Key Market Segments
Aircraft Type
The market is segmented into commercial aircraft, regional aircraft, helicopters, military aircraft, and general aviation.
Commercial aircraft is expected to be both the largest and the fastest-growing segment, driven by new programs like C919, B777x, and MC-21, and the demand for fuel-efficient models.
Product Type
The market is segmented into bolts, rivets, nuts, screws, pin fastening systems, and other types.
Nuts will remain the dominant product type, primarily due to their essential role in aircraft assembly.
Rivets are expected to experience the fastest growth, thanks to their strength, durability, and benefits in aircraft assembly.
Growth Drivers
The commercial aircraft segment’s expansion is expected to lead the overall growth due to the increasing demand for new, fuel-efficient models and a rise in global fleet sizes.
Rivets will see a surge in demand due to their advantages in vibration resistance, quick installation, and ease of maintenance.
This report from Stratview Research also offers insights into the competitive landscape, regional market analysis, and emerging industry trends that are shaping the future of the aircraft fasteners market.
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