What are the Historical Developments and Current Growth Metrics of the Aerospace Fasteners Market?
The aerospace fasteners market has seen considerable growth due to a variety of factors.
• The market size for aerospace fasteners has experienced accelerated growth in the past few years. It is projected to rise from $8.19 billion in 2024 to $9.1 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 11.1%.
Factors contributing to growth during the historic period include the expansion of the aerospace industry, modernization efforts in the military, the globalization of aerospace supply chains, increased commercial aircraft orders, and strict safety and quality standards.
What are the Market Size and Expected Growth Rates for the Aerospace Fasteners Market?
The aerospace fasteners market is expected to maintain its strong growth trajectory in upcoming years.
• Expectations are high for the aerospace fasteners market, as steady growth is anticipated in the coming years. By 2029, it is predicted to reach a valuation of $12.8 billion, with a compound annual growth rate (CAGR) of 8.9%.
This growth over the forecast period is attributed to several factors including increased air passenger traffic, the introduction of next-generation aircraft, emerging markets in air travel, space exploration initiatives, and sustainable aviation programs. Some of the major trends identified during the forecast period are the digitalization of manufacturing processes, research and development in lightweight materials, the implementation of smart fastening technology, use of titanium fasteners, and the incorporation of composite materials.
What Are the Critical Driver Fuelling the Aerospace Fasteners Market's Growth?
As individuals' living standards have improved and disposable income has risen over time, the worldwide air travel industry has proliferated. For example, passenger traffic and freight volume are projected to double by 2035, according to the International Civil Aviation Organization. Therefore, the greater need for air travel has boosted aircraft production, which in turn has stimulated the growth of the aerospace fasteners market.
What Are The Key Segments Within The Global Aerospace Fasteners Market?
The aerospace fasteners market covered in this report is segmented –
1) By Product: Screws, Nuts and Bolts, Washers, Rivets
2) By Platform: Fixed Wing Aircraft, Rotary Wing Aircraft
3) By Material: Aluminum, Titanium, Alloy Steel
4) By End-Use: Commercial, Defense
Subsegments:
1) By Screws: Machine Screws, Self-Tapping Screws, Specialty Screws
2) By Nuts And Bolts: Hex Nuts, Lock Nuts, Structural Bolts
3) By Washers: Flat Washers, Lock Washers, Belleville Washers
4) By Rivets: Solid Rivets, Blind Rivets, Semi-Tubular Rivets
Pre-Book The Aerospace Fasteners Global Market Report 2025 Report For Swift Delivery And Comprehensive Insights:
How Are New Trends Impacting The Size Of The Aerospace Fasteners Market?
The rising adoption of super alloys is a significant trend making headway in the aerospace fastener market. These super alloys boast great mechanical strength, the ability to withstand thermal creep deformation, impressive surface stability, and corrosion or oxidation resistance. For example, SPS Technologies has started using these super alloys, resulting in the development of the MP35N - the first fastener superalloy. It offers the unique ability to pair high strength with exceptional corrosion resistance, capable of withstanding temperatures up to 750 °F.
Who Are the Key Players in the Aerospace Fasteners Market?
Major companies operating in the aerospace fasteners market include:
• Boeing Company
• Wurth Group
• Stanley Black & Decker Inc.
• Illinois Tool Works Inc.
• Allegis Corp.
• Alcoa Corp.
• Arconic Inc.
• TFI Aerospace Corporation
• Precision Castparts Corp.
• Collison-Goll Ltd.
• Howmet Aerospace Inc.
• B/E Aerospace Inc.
• SPS Technologies Ltd.
• TriMas Corp.
• LISI Aerospace SAS
• National Aerospace Fasteners Corporation
• TPS Aviation Inc.
• B&B Specialities Inc.
• Consolidated Aerospace Manufacturing LLC
• Binder Metal Products Inc.
• MS Aerospace
• C & L Rivet Company Inc.
• ZAGO Manufacturing Co. Inc.
• Peninsula Components Inc.
• FSL Aerospace Ltd.
• Allfast Fastening Systems Inc.
• Cherry Aerospace
• Aerodyne Group
What are the Regional Insights into the Aerospace Fasteners Market?
Europe was the largest region in the aerospace fasteners market in 2024. Asia-Pacific is expected to be the fastest-growing region in the aerospace fasteners market share during the forecast period. The regions covered in the aerospace fasteners market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
