Trasporti
Aircraft Specialty Fasteners Market to Reach US$ 1.3 Billion in 2024, Says Stratview Research
In the aerospace industry, specialty fasteners refer to a specific family of fasteners, whose usage is to address distinct industry requirements. . Specialty fasteners often save time in the assembly process and eliminate the need for additional fastening components, which results in an overall reduced cost.
As per Stratview Research, . The major factors underpinning the growth of aircraft specialty fasteners are: an incessant increase in air passenger traffic all around the world, which is triggering an increase in the production rates of the key programs such as B737, A320 family, B787, and A350XWB; market entry of new players such as COMAC and Irkut; introduction of variants of existing best-selling aircraft programs such as B737 max, A320neo, and B777x; and increasing aircraft fleet size.
. Both major commercial aircraft OEMs: Boeing and Airbus, are increasing the production rates of their best-selling aircraft in order to meet a huge pile of order backlogs. Also, COMAC and Irkut are entering the commercial aircraft industry with their C919 and MC-21 aircraft programs. Boeing anticipated that there would be total deliveries of 42,730 commercial aircraft worth US$ 6.3 trillion in the global marketplace during 2018-2037.
Click Here and Run Through the Detailed TOC of the Strategic Report from Stratview Research
Based on the product type, the market is segmented as blind rivets, blind bolts, solid rivets, panel fasteners, studs and inserts, and others. , propelled by its installation efficiency and ergonomic benefits over traditional fasteners. The rivet type is also estimated to grow the fastest in the coming five years. Blind bolt, another member of blind fasteners family, is subjected to grow at an impressive rate in the same period.
Specialty fasteners are made using a wide array of materials such as titanium, aluminum, steel, and others. . In the aircraft industry, there has been an incessant replacement of steel and other heavy metal-based fasteners with titanium fasteners, owing to their excellent performance at a relatively low weight. Also, titanium fasteners are highly compatible with composite parts, which are increasingly being used in the next-generation aircraft including B787, A350XWB, and B777x.
Register Here and Ask for a Free Sample of the Detailed 290-Page Report
In terms of region, . All the major specialty fastener manufacturers have their presence in the region to address the teething issues of the OEMs in order to be the partner for their upcoming aircraft programs or upcoming fuel-efficient variants of existing aircraft programs. However, Asia-Pacific is expected to expand at the highest rate during the forecast period with China , Japan , and India being the key sources of growth. Major companies in the Asia-Pacific region are striving hard to develop commercial and regional aircraft to meet the huge indigenous demand and to mitigate the level of dependency on Boeing and Airbus.
. Development of lightweight and durable specialty fasteners, forming strategic alliances with aircraft OEMs, 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 specialty fasteners 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:
Stratview Research is a global market intelligence firm providing wide range of services including syndicated market reports, custom research and sourcing intelligence across industries, such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas.
We have a strong team of industry veterans and analysts with an extensive experience in executing custom research projects for mid-sized to Fortune 500 companies, in the areas of Market Assessment, Opportunity Screening, Competitive Intelligence, Due Diligence, Target Screening, Market Entry Strategy, Go to Market Strategy, and Voice of Customer studies.
Stratview Research is a trusted brand globally, providing high quality research and strategic insights that help companies worldwide in effective decision making.
For enquiries,
Stratview Research
E-mail: sales@stratviewresearch.com
Direct: +1-313-307-4176