HOME Press Releases Aerospace Fasteners Market worth 7.73 Billion USD by 2021



Aerospace Fasteners Market worth 7.73 Billion USD by 2021


The report "Aerospace Fasteners Market by Product (Rivets, Screws, Nuts & Bolts), Application (Interior, Fuselage, Control Surface), Aircraft Type (NBA, WBA, VLA, RTA, Business Jets, Fighter Jets), End User, Material Type and Region - Global Forecast to 2021", 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%. Increasing number of aircraft orders and continuous demand for precision made, technologically advanced fasteners are some of the key factors expected to drive the global aerospace fasteners market.

Browse 90 market data Tables and 76 Figures spread through 156 Pages and in-depth TOC on "Aerospace Fasteners Market - Global Forecast to 2021"
http://www.marketsandmarkets.com/Market-Reports/aerospace-fastener-market-260904137.html
Early buyers will receive 10% customization on reports.

Rivets segment is estimated to account for the largest market share during the forecast period

On basis of product type, the aerospace fasteners market is segmented into rivets, screws, nuts & bolts, and others (hi locks, collar, and so on). Rivets segment is estimated to account for the largest market share during the forecast period. They are used extensively during manufacturing and maintenance process as they have high tensile strength and ability to affix critical structural components together. Considering the requirement for fuel-efficient and lightweight aircraft, there is a huge demand for precision made, technologically sound, lightweight, and high-performance fasteners. Innovations in research and development for lightweight and high performance aerospace fasteners will drive this market in the coming years.

The wide body aircraft segment is expected to grow at the highest rate during the forecast period

The aerospace fasteners market has been segmented and analyzed on the basis of aircraft type into narrow body aircraft, wide body aircraft, very large aircraft, regional jets, and business jets. Wide body aircraft segment is anticipated to grow at the highest pace during the forecast period and dominate the market owing to the efficiency of wide body aircraft and the rise in passenger traffic. Increasing connectivity between important geographical locations of developing and developed regions has led to a rise in demand for wide body aircraft.

The aerospace fasteners market is expected to grow at the highest rate in the Asia-Pacific region

The aerospace fasteners market is on a rise in the Asia-Pacific region due to the presence of aircraft manufacturers in China and Russia. The rise in number of component manufacturers in Japan, India, and China contribute are also the major factors driving the growth of aerospace fasteners market in this region.

Key players operating in the aerospace fasteners market are Alcoa Fastening Systems & Rings (U.S.), LISI Aerospace (U.S.), Precision Castparts Corp. (U.S.), and Stanley Black & Decker Inc. (U.S.). Contracts, new product launches, expansions, partnership, collaborations, and agreements are the major growth strategies adopted by the players to strengthen their position in this market.

About MarketsandMarkets

MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&Ms flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
Mr. Rohan
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
1-888-600-6441
Email: sales@marketsandmarkets.com

Connect Us

Follow us on LinkedIn  Follow us on Facebook   Follow us on Twitter 
Live Chat Support


US : 1-888-600-6441

Search reports