The 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.
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
Spanning over 63 pages “Global Aerospace Fasteners Market 2016-2020” report
covers Executive summary, Scope of the report, Market research methodology,
Introduction, Market landscape, Global aerospace and defense supply chain
system, Global aerospace and defense value chain system, Market segmentationby
application, Market share by applications, Geographical segmentation, Market
drivers, Impact of drivers, Market challenges, Impact of drivers and
challenges, Market trends, Vendor landscape, Appendix.
Find more information Visit at: http://mrr.cm/oXB
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