Aerospace Fasteners Market: Industry Analysis, Future Growth, Business Prospects and Global Forecast to 2021

Posted on 2017-06-29 by WiseGuy Research in Aerospace // 0 Comments

PUNE, India, 2017-Jun-29 — /EPR Network/ — Market Synopsis of Aerospace Fasteners Market: The global aerospace fasteners market is expected to grow at a CAGR of around 7% during 2016-2021. The growing air traffic, fleet utilization, and replacement has strengthen the line fit and retrofit aerospace fasteners market.

Geographically, North America would be the largest market for aerospace fasteners market and APAC is likely to be the fastest growing market due to the significant increase in the number of aircraft in the region. Next generation aircraft like A320, B787, B777X, and A380 constitute approx. 2.4 million to 3 million fasteners in an aircraft. The combined backlog of Boeing and Airbus as of today has an order book, of close to 12,000 aircraft, representing between eight and 10 years’ production. Majority of backlogs are for A320 family aircraft and B737Max aircraft where fasteners are mainly used. Thus the demand for fasteners will significantly grow in the forecast period.

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Key Players of Aerospace Fasteners Market:

3V Fasteners
Alcoa
B&B Specialties
KLX
LISI Aerospace
STANLEY Engineered Fastening
NAFCO
Stanley Aerospace Fastening
Acument Global Technologies

Key Findings:

In 2015, the Americas had the largest share of 45% in the market and is expected to lead with 40.5% market share by 2021.
APAC is likely to be the fastest growing market, due to the significant increase in the number of aircraft in the region.
Growing air traffic and aircraft utilization are the driving factors for aerospace fasteners market.
Alcoa, 3V Fasteners, LISI Aerospace, B&B Specialties are the major vendors of aerospace fasteners market.
By 2021, commercial aerospace is likely to have the largest market share of around 62%.

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