Aerospace Fasteners Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2025

Description

The Global Aerospace Fasteners Market was valued at USD 7.3 billion in 2024 and is estimated to grow at a CAGR of 7.5% to reach USD 14.9 billion by 2034. This robust growth trajectory is closely tied to the rapid expansion of commercial airline fleets and the continuous upgrades in military aviation infrastructure. Rising air travel demand across emerging economies, coupled with increasing investments in national defense, is fueling the replacement of outdated aircraft components with newer, lightweight, and high-performance alternatives. The growing importance of fuel efficiency and durability has placed aerospace fasteners at the center of innovation in structural component manufacturing, making them essential in both OEM assembly and aftermarket servicing.

The global trade landscape has had a significant influence on this market. Previous tariffs targeting imported aerospace-grade aluminum and steel-especially those from China-led to elevated raw material costs and constrained access to essential components. These disruptions forced US-based manufacturers to rethink sourcing strategies, with many turning to domestic suppliers or diversifying vendor portfolios to minimize risk. These actions aimed to offset cost pressures while maintaining delivery timelines in a tightly scheduled manufacturing ecosystem. With an ongoing shift toward lightweight design and enhanced structural reliability, manufacturers are focusing on fasteners that can work seamlessly with composite materials.

Market Scope
Start Year	2024
Forecast Year	2025-2034
Start Value	$7.3 Billion
Forecast Value	$14.9 Billion
CAGR	7.5%

The rivets segment generated USD 3.1 billion in 2024. Rivets maintain dominance due to their essential role in delivering lightweight yet durable joints that are critical in maintaining airframe integrity. These fasteners are widely used in commercial aircraft production, particularly for high-vibration, load-bearing areas such as wings and fuselages. Advances in rivet installation-particularly blind rivet technology-have further increased efficiency and reliability, making them indispensable across both OEM manufacturing and ongoing maintenance operations.

Aluminum segment in the aerospace fasteners segment in 2024, valued at USD 2.8 billion. Its popularity stems from a superior strength-to-weight ratio, corrosion resistance, and cost-effectiveness, making it the material of choice for reducing aircraft mass and improving fuel economy. As aircraft designs increasingly focus on weight reduction, demand for aluminum fasteners continues to climb, particularly in non-critical structural applications and interior components. Enhanced aluminum alloy formulations are also boosting material compatibility with modern composite structures, driving adoption across both manufacturing and servicing divisions.

United States Aerospace Fasteners Market generated USD 2.3 billion in 2024. The country's dominance can be traced to its position as a global aerospace hub, home to leading manufacturers across commercial and defense aviation. Major players in this space continue to fuel domestic demand with both ongoing fleet maintenance and the integration of next-generation systems. The U.S. also hosts one of the world's most comprehensive MRO networks, supporting regular service cycles and system upgrades for large civilian and military fleets. Rising defense expenditures, focused on strategic air capabilities such as next-gen bombers and hypersonic aircraft, have intensified demand for specialized fasteners made from titanium alloys, high-temperature Inconel, and carbon-based composites.

Key players actively shaping the Aerospace Fasteners Market include TriMas Corporation, Boeing, LISI Aerospace, Wurth Group, B&B Specialties Inc., Cherry Aerospace, Precision Castparts Corp., National Aerospace Fasteners Corporation, Preci-Manufacturing, Stanley Black & Decker Inc., M.S Aerospace, Bollhoff Group, and Howmet Aerospace Inc. To enhance their competitive edge, companies in the aerospace fasteners industry are adopting several key strategies. They're investing heavily in R&D to develop lighter, corrosion-resistant fasteners that perform reliably under extreme conditions. Strategic collaborations with aircraft OEMs help ensure early integration into new platform designs. Additionally, firms are focusing on supply chain optimization through localized manufacturing and digital procurement systems to minimize disruptions.

Product Code: 14202

Chapter 1 Methodology and Scope

1.1 Market scope and definition
1.2 Research design
- 1.2.1 Research approach
- 1.2.2 Data collection methods
1.3 Data mining sources
- 1.3.1 Global
- 1.3.2 Regional/Country
1.4 Base estimates and calculations
- 1.4.1 Base year calculation
- 1.4.2 Key trends for market estimation
1.5 Primary research and validation
- 1.5.1 Primary sources
1.6 Forecast model
1.7 Research assumptions and limitations

Chapter 2 Executive Summary

2.1 Industry 360⁰ synopsis
2.2 Key market trends
- 2.2.1 Product type trends
- 2.2.2 Material trends
- 2.2.3 Platform trends
- 2.2.4 Application trends
- 2.2.5 End use trends
- 2.2.6 Regional trends
2.3 TAM Analysis, 2025-2034 (USD Billion)
2.4 CXO Perspectives: strategic imperatives
- 2.4.1 Executive decision points
- 2.4.2 Critical success factors
2.5 Future outlook and strategic recommendations

Chapter 3 Industry Insights

3.1 Industry ecosystem analysis
- 3.1.1 Supplier landscape
- 3.1.2 Profit margin
- 3.1.3 Cost structure
- 3.1.4 Value addition at each stage
- 3.1.5 Factor affecting the value chain
- 3.1.6 Disruptions
3.2 Industry impact forces
- 3.2.1 Growth drivers
  - 3.2.1.1 Increasing global air traffic & fleet expansion
  - 3.2.1.2 Surge in military aircraft modernization
  - 3.2.1.3 Growth in MRO (maintenance, repair, and overhaul) services
  - 3.2.1.4 Adoption of advanced manufacturing technologies
  - 3.2.1.5 Rising space exploration & satellite launches
- 3.2.2 Industry pitfalls and challenges
  - 3.2.2.1 High cost of advanced fastener materials
  - 3.2.2.2 Stringent regulatory and certification requirements
3.3 Growth potential analysis
3.4 Regulatory landscape
- 3.4.1 North America
- 3.4.2 Europe
- 3.4.3 Asia Pacific
- 3.4.4 Latin America
- 3.4.5 Middle East & Africa
3.5 Future market trends
3.6 Porter's analysis
3.7 PESTEL analysis
3.8 Technology and innovation landscape
- 3.8.1 Current technological trends
- 3.8.2 Emerging technologies
3.9 Price trends
- 3.9.1 By region
- 3.9.2 By product
3.10 Pricing strategies
3.11 Emerging business models
3.12 Compliance requirements
3.13 Defense budget analysis
3.14 Global defense spending trends
3.15 Regional defense budget allocation
- 3.15.1 North America
- 3.15.2 Europe
- 3.15.3 Asia Pacific
- 3.15.4 Middle East and Africa
- 3.15.5 Latin America
3.16 Key defense modernization programs
3.17 Budget forecast (2025-2034)
- 3.17.1 Impact on industry growth
- 3.17.2 Defense budgets by country
3.18 Supply chain resilience
3.19 Geopolitical analysis
3.20 Workforce analysis
3.21 Digital transformation
3.22 Mergers, acquisitions, and strategic partnerships landscape
3.23 Risk assessment and management
3.24 Major contract awards (2021-2024)

Chapter 4 Competitive Landscape, 2024

4.1 Introduction
4.2 Company market share analysis
- 4.2.1 By region
  - 4.2.1.1 North America
  - 4.2.1.2 Europe
  - 4.2.1.3 Asia Pacific
- 4.2.2 Market concentration analysis
4.3 Competitive benchmarking of key players
- 4.3.1 Financial performance comparison
  - 4.3.1.1 Revenue
  - 4.3.1.2 Profit margin
  - 4.3.1.3 R&D
- 4.3.2 Product portfolio comparison
  - 4.3.2.1 Product range breadth
  - 4.3.2.2 Technology
  - 4.3.2.3 Innovation
- 4.3.3 Geographic presence comparison
  - 4.3.3.1 Global footprint analysis
  - 4.3.3.2 Service network coverage
  - 4.3.3.3 Market penetration by region
- 4.3.4 Competitive positioning matrix
  - 4.3.4.1 Leaders
  - 4.3.4.2 Challengers
  - 4.3.4.3 Followers
  - 4.3.4.4 Niche players
- 4.3.5 Strategic outlook matrix
4.4 Key developments, 2021-2024
- 4.4.1 Mergers and acquisitions
- 4.4.2 Partnerships and collaborations
- 4.4.3 Technological advancements
- 4.4.4 Expansion and investment strategies
- 4.4.5 Sustainability initiatives
- 4.4.6 Digital transformation initiatives
4.5 Emerging/ startup competitors landscape

Chapter 5 Market Estimates and Forecast, By Product Type, 2021 – 2034 (USD Million & Million Units)

5.1 Key trends
5.2 Rivets
5.3 Screws
5.4 Nuts & bolts
5.5 Others

Chapter 6 Market Estimates and Forecast, By Material, 2021 – 2034 (USD Million & Million Units)

6.1 Key trends
6.2 Aluminum
6.3 Steel
6.4 Superalloys
6.5 Titanium

Chapter 7 Market Estimates and Forecast, By Platform, 2021 – 2034 (USD Million & Million Units)

7.1 Key trends
7.2 Commercial aircraft
- 7.2.1 Narrow-body
- 7.2.2 Wide-body
- 7.2.3 Regional jets
7.3 Military aircraft
7.4 Business jets
7.5 Helicopters
7.6 Unmanned aerial vehicles (UAVs)

Chapter 8 Market Estimates and Forecast, By Application, 2021 – 2034 (USD Million & Million Units)

8.1 Key trends
8.2 Airframe
8.3 Interiors
8.4 Engine
8.5 Control surfaces
8.6 Landing gear
8.7 Other

Chapter 9 Market Estimates and Forecast, By End Use, 2021 – 2034 (USD Million & Million Units)

9.1 Key trends
9.2 OEM (Original Equipment Manufacturers)
9.3 MRO (Maintenance, Repair, and Overhaul)

Chapter 10 Market Estimates and Forecast, By Region, 2021 – 2034 (USD Million & Million Units)

10.1 Key trends
10.2 North America
- 10.2.1 U.S.
- 10.2.2 Canada
10.3 Europe
- 10.3.1 Germany
- 10.3.2 UK
- 10.3.3 France
- 10.3.4 Spain
- 10.3.5 Italy
- 10.3.6 Netherlands
10.4 Asia Pacific
- 10.4.1 China
- 10.4.2 India
- 10.4.3 Japan
- 10.4.4 Australia
- 10.4.5 South Korea
10.5 Latin America
- 10.5.1 Brazil
- 10.5.2 Mexico
- 10.5.3 Argentina
10.6 Middle East and Africa
- 10.6.1 Saudi Arabia
- 10.6.2 South Africa
- 10.6.3 UAE

Chapter 11 Company Profiles

11.1 B&B Specialties Inc.
11.2 Boeing
11.3 Bollhoff Group
11.4 Cherry Aerospace
11.5 Howmet Aerospace Inc.
11.6 LISI Aerospace
11.7 M.S Aerospace
11.8 National Aerospace Fasteners Corporation
11.9 Preci-Manufacturing
11.10 Precision Castparts Corp.
11.11 Stanley Black & Decker, Inc.
11.12 TriMas Corporation
11.13 Wurth Group

Aerospace Fasteners Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2025 - 2034