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Aircraft Blind Bolts Market to Reach $306.5 Million in 2024, Says Stratview Research
This market report, from Stratview Research, studies the aircraft blind bolts market over the trend period of 2013 to 2018 and forecast period of 2019 to 2024. The research report provides detailed insights on the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
Blind bolts are multi-piece assemblies, capable of being installed from one side of the workpiece. They are typically used in those aircraft structures that require high strength and can be accessed from one side only. They provide exceptional strength, vibration resistance, and excellent sheet pull together characteristics. The most commonly used materials for making blind bolts in the aircraft industry are titanium, aluminum, and steel. As the penetration of composites is growing in the aircraft industry, usage of titanium in the manufacturing of fasteners including blind bolts is also growing. Titanium offers weight-savings advantage along with better corrosion resistance as compared to other metal and metal alloys.
. The market for blind bolts is gradually consolidating as major companies are performing mergers & acquisitions to quickly gain a leading position in the market. For instance, TriMas Corporation, a leading global manufacturer of highly engineered aircraft products, acquired Allfast Fastening Systems at a price of approximately US$ 360 million . After the acquisition, TriMas Corporation has become the leader in the blind bolts market. Organic growth of the aircraft industry coupled with increase in the production rates of the key aircraft programs including B737, B787, A320, and A350XWB, increase in preference of blind fasteners over traditional fasteners, development of lightweight and corrosion-resistant blind bolts, and rising global aircraft fleet size are some of the major drivers of the market.
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Based on the application type, the market is segmented as airframe, control surfaces, interior, engine, and others. . Airframe is the largest structure in an aircraft where blind bolts are used in a wide array of applications including wings and fuselage.
Based on the material type, . There has been an incessant replacement of steel and other heavy metal-based blind bolts with titanium blind bolts, owing to their excellent performance at a relatively low weight.
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In terms of region, . All the major blind bolt manufacturers have their presence in the region to address the emergent needs of the OEMs in order to be the partner for their upcoming aircraft programs or upcoming fuel-efficient variants of existing aircraft programs. However, .
. Development of lightweight and durable blind bolts and execution of mergers & acquisitions are the key strategies adopted by the major players to gain a competitive edge in the market.
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
This report studies the blind bolts market in the global aircraft industry and has segmented the market in six ways, keeping in mind the interest of all the stakeholders across the value chain. Following are the six ways in which the market is segmented:
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