DUBLIN--(BUSINESS WIRE )--The "Aerospace Fastener Market Size, Share, Trends, By Product, By Material, By Aircraft, By End-Use, By Application, and By Region Forecast to 2030" report has been added to ResearchAndMarkets.com's offering.
The aerospace fasteners market size is expected to reach USD 14.39 Billion in 2030 and register a revenue CAGR of 6.8% over the forecast period, according to the latest report. The growth of the market is attributed to the increase in air travel and the growing demand for aircrafts from the commercial as well as defense sectors.
The rising concerns over fuel efficiency and emission levels are impelling airlines to opt for lighter materials, which is projected to create a demand for fasteners made of titanium and aluminum. In addition, the entry of new players in the market is anticipated to create new opportunities for market growth.
The aerospace industry employs a variety of standard fasteners, including screws, nuts, rivets, and bolts. The aerospace fastener market is expected to grow significantly in the next decade due to the increasing demand for aircrafts from the commercial and military sectors.
The market is driven by the need for faster assembly and disassembly of aircraft components, as well as the increasing demand for lightweight fasteners that can reduce fuel consumption. The major end-use sectors of the aerospace fastener market are commercial aviation, military aviation, and space applications.
Some Key Highlights from the Report
For the purpose of this report, the publisher has segmented aerospace fasteners market based on product, end-use, material, aircraft, application, and region:
Chapter 4. Aerospace Fasteners Market Segmentation & Impact Analysis
4.1. Aerospace Fasteners Market Material Segmentation Analysis
4.2.2.1. Surge in production of commercial aircraft
4.2.2.2. Investments in research and development
4.2.2.4. Rise in disposable income of people in developing regions
4.2.3.1. Increasing use of composite materials
4.2.3.3. Limited availability and increased cost of raw materials.
Chapter 5. Aerospace Fasteners Market By Product Insights & Trends
Chapter 6. Aerospace Fasteners Market By End Use Insights & Trends
Chapter 7. Aerospace Fasteners Market By Material Insights & Trends
Chapter 8. Aerospace Fasteners Market By Aircraft Insight & Trends
Chapter 9. Aerospace Fasteners Market By Application Insights & Trends
Chapter 10. Aerospace Fasteners Market Regional Outlook
11.1. Market Revenue Share by Manufacturers
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ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900