Aerospace Fasteners Market Trends, Analysis and Global Forecast to 2021

1
The Aerospace Fasteners Market is projected to
grow from 5.49 Billion in 2016 to 7.73
Billion by 2021, at a CAGR of 7.08. Factors
influencing the growth of aerospace fasteners
market include increasing aircraft orders along
with the increasing passenger traffic across
the globe. The number of aircraft has
increased due to rise in air traffic. The
aerospace fasteners market is
highly number
dependent on the of aircraft
manufactured and the ability of fasteners to
minimize limitations of weight, maintenance
requirements, and vulnerability of security
risks. This has further resulted in procurement
of high strength and low weight
fasteners. Download PDF Brochure
_at_ https//www.marketsandmarkets.com/pdfdownloadNew
.asp?id260904137 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.
2
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 Market Players 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. Ask
for Sample Report _at_ https//www.marketsandmarkets.
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