According to our latest study on "Aerospace Fasteners Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis - by Material Type, Application, Aircraft Type, and Product Type," the aerospace fasteners market size was valued at US$ 4,044.12 million in 2024 and is expected to reach US$ 6,161.15 million by 2031; it is estimated to record a CAGR of 6.0% from 2025 to 2031.

The aerospace fasteners market is segmented into five major regions-North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America. North America dominated the market in 2024, followed by Europe and APAC, respectively. The US, Canada, and Mexico are the major economies in North America. The increasing number of aircraft fleets across the region primarily drives the aerospace stainless steel and superalloys fasteners market in North America. Additionally, the growing aviation industry in countries such as the US and Canada drives the aerospace stainless steel and superalloys fasteners market. The aviation industry is one of the most notable industries in the US. According to data released by Airlines for America in 2023, commercial aviation accounted for ~5% of US GDP and US$ 1.25 trillion in 2022. In addition to the rise in air passenger traffic, government initiatives to increase aircraft fleets in defense and commercial aviation sectors are expected to fuel the demand for aerospace stainless steel and superalloys fasteners during the forecast period.

According to The Insight Partners analysis, in 2024, North America had a fleet of more than ~8,200 operational commercial aircraft, which is expected to reach ~10,000 by the end of 2033. In 2024, North America had more than ~4,710 operational narrow body commercial aircraft, which is expected to reach ~6,184 by the end of 2034. Further, North America had more than ~1,435 operational wide body commercial aircraft, which is expected to reach ~1,830 by the end of 2034. Such a large number of operating commercial aircraft will further generate the demand for stainless steel and superalloys fasteners in the region. Additionally, the increase in the number of aircraft fleets across North America is expected to propel the need for stainless steel and superalloys fasteners for key aircraft components such as airframes and engines.

One of the factors boosting the growth of the aerospace stainless steel and superalloys fasteners market is the continued emphasis on increasing expenditure on maintenance and repair activities of various components. Various major players in North America offer MRO services to gain momentum in the industry. GE Aviation, Rolls Royce PLC, Barnes Group Inc., Delta TechOps, and Collins Aerospace are among the leading players in this industry. Several international MRO service providers are also present in the region. Southwest Airlines and United Airlines are preparing to commence new aircraft hangars for their MRO operations in Houston and Los Angeles, respectively. Furthermore, airlines in the region engage in MRO outsourcing activities to reduce costs associated with MRO activities.

Key Findings of Aerospace Fasteners Market Study:

The aerospace fasteners market is segmented on the basis of material type, application, aircraft type, and product type. Based on type, the aerospace fasteners market is divided into superalloys, aluminum, stainless steel, titanium, and others. Based on application, the aerospace fasteners market is segmented into airframe, engine, interiors, and others. Based on aircraft type, the market is segmented into fixed wing and rotary wing. Based on product type, the market is segmented into screws, rivets, nut or bolts, and others.

Based on product type, the nut or bolts registered the highest market share in aerospace fasteners market. Nuts and bolts are significant components in the assembly and maintenance of aircraft, offering secure fastening solutions that are crucial for safety and operation. Their applications are extensive throughout various parts of the aircraft. In 2023, TriMas announced that it had signed an agreement to acquire the operating net assets of Weldmac Manufacturing Company (Weldmac), a designer and manufacturer of high-performance, complex metal fabricated components and assemblies for the aerospace, defense, and space launch end markets. The growing emphasis on developing fasteners with stainless steel and superalloys for ensuring aircraft safety and operation is driving the demand for aerospace fasteners.

Based on aircraft type, fixed wing segment registered the larger market share in 2024 and is expected to maintain its dominance during the analyzed timeframe. Fasteners play an important role in the fabrication and maintenance of fixed-wing aircraft. These components are vital for assembling and fastening several parts of the aircraft, confirming structural integrity and safety during operation. Fasteners are designed and engineered to fulfill certain performance standards. The performance and operational safety of an aircraft immensely depend on the quality and type of fasteners being utilized. For instance, the selection of fasteners can impact the aircraft's weight, which is a significant factor in aviation design. Additionally, the growing number of aircraft orders and production, along with the rising proliferation of maintenance and repair services, is acting as a major driver for the stainless steel and superalloy fasteners for fixed wing aircraft in the aerospace industry. Northrop Grumman Corporation, Lockheed Martin, Embraer S.A., Bombardier, and Textron Aviation are a few of the fixed wing aircraft manufacturers operating in the market.

Precision Castparts Corp., LISI Aerospace SAS, TriMas Aerospace, National Aerospace Fasteners Corp., Howmet Aerospace Inc., STANLEY Engineered Fastening, Saturn Fasteners, Inc., B&B Specialties, Inc., Raychin Limited, and MS Aerospace are among the key players profiled in the aerospace fasteners market report. Several other major players were studied and analyzed during the aerospace fasteners market analysis to get a holistic view of the market and its ecosystem. The aerospace fasteners market also provides detailed market insights, which help the key players strategize their growth. The report includes growth prospects owing to the current aerospace fasteners market trends and their foreseeable impact during the forecast period.

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