Aerospace Fastener Market share research by applications and regions for 2017-2024

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Aerospace Fastener Market Price, Trends, Industry
Outlook Forecast 2017-2024
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Key Insights from Aerospace Fastener Market

• Global air travel is growing at brisk pace owing
  to higher living standards along with increasing
  middle-class population, low air fares, and
  tourism growth. In addition, technology
  development and infrastructure investment will
  support the overall business demand.
• Technological innovations are driving product
  acceptance across the aviation industry over the
  projected time span. Enhanced software systems
  offered to provide product management solutions
  will enhance the industry size. Assembly line
  engineers and software experts visualize and
  examine the process to maximize the fasteners
  usage by eliminating stress.
• Increasing defense and space exploration
  activities contributes significantly in the
  aerospace fastener market revenue generation.
  Efficient and affordable strategies coupled with
  innovations will drive the industry demand.
  Alternative joining technologies such as welding,
  clinching, and using adhesives may limit the
  business demand.

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Continued...

• Industry players are focusing on emerging
  economies such as India, China, Russia and Brazil
  owing to higher requirement of commercial
  aircrafts. These needs have unlocked growth
  opportunities for manufacturers to collaborate
  with aircraft OEMs and built several maintenance,
  repair, and overhaul service centers in these
  countries.
• Rivet segment is expected to account for
  significant aerospace fastener industry volume
  share over the forecast timeframe. Two major
  types of rivet used in aircraft industry are
  common solid shank rivets and countersunk head
  rivets. Solid shank rivets are widely used in
  repair and assembly work.

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Major Companies in Aerospace Fastener Market

• BB Specialties
• Stanley Engineered Fasteners
• TriMas Corporation (Allfast)
• 3V Fasteners Company
• KLX
• B/E Aerospace
• National Aerospace Fasteners Corporation
• LISI Aerospace
• Alcoa Fastening Systems

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Regional Insights in Aerospace Fastener Market

• Asia Pacific aerospace fastener market is
  predicted to be the fastest growing region owing
  to economic and income growth in emerging
  countries such as India and China. China has
  significantly contributed in the global traffic
  growth with an average rate of 10 each year.
  Indias emerging high growth economy is boosting
  passenger traffic in its domestic business and is
  predicted to become third largest commercial
  aircraft industry by 2020.
• Commercial airlines segment is predicted to pose
  highest CAGR over the study period owing to
  consistent air travel demand growth trend. In
  2017, North America accounted for 30 of the
  worlds commercial jets in service. Diverse
  terrain make air travel an attractive
  transportation alternative which is estimated to
  increase with personal income rise.

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