Aircraft Fasteners Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2025-2032

Market Insights

The aircraft fasteners market size was US$ 8.1 billion in 2024 and is likely to grow at a decent CAGR of 2.8% in the long run to reach US$ 10.2 billion in 2032.

Market Dynamics

Introduction

Aircraft fasteners are critical components used to join or secure various parts and structures of an aircraft, playing a vital role in ensuring the aircraft's structural integrity and safety. These fasteners are specifically engineered to withstand the extreme forces, vibrations, and stresses experienced during flight. Their primary function is to securely hold together essential components such as panels, wings, landing gear, engine parts, and other vital systems. An aircraft employs a wide range of fasteners, each with distinct properties and design features tailored for specific applications, ensuring optimal performance and reliability.

Recent Market JVs and Acquisitions:

A huge number of strategic alliances, including M&As, JVs, etc., have been performed over the past few years:

• In June 2022, Bollhoff Group acquired Gillis Aerospace, a French fastener manufacturer, to strengthen its position in the aerospace industry.
• In June 2021, Bollhoff Group acquired SNEP SA, a France-based aerospace fastener manufacturer, to enhance its position in technical fasteners.
• In December 2021, TriMas Corporation acquired TFI Aerospace, a manufacturer of fasteners used in various aerospace and industrial applications. This acquisition expanded TriMas Aerospace's fastener product lines with complementary niche products.
• In January 2020, Consolidated Aerospace Manufacturing, LLC (CAM) agreed to be acquired by Stanley Black & Decker, Inc. This acquisition further diversified Stanley Black & Decker's industrial business segment.
• In 2020, Avantus Aerospace acquired both FIT and CalScrew, both renowned manufacturers of high-strength and unique fasteners for military and commercial Aerospace applications. These acquisitions complemented Avantus' existing FTC company, and together, the three entities were integrated to form the Avantus Fasteners Division.

Segments Analysis

By Aircraft Type

"Commercial aircraft are expected to remain the largest demand generator for fasteners in the coming years."

The aircraft fasteners market is segmented into commercial aircraft, regional aircraft, helicopters, military aircraft, and general aviation. Commercial aircraft is anticipated to dominate, mainly due to high passenger demand and frequent maintenance needs. Larger fleet sizes and higher usage frequency in commercial aviation, compared to military or general aviation, also contribute significantly to its dominance in the market. Key drivers of this growth include increased production rates of major aircraft programs, the launch of fuel-efficient commercial models, the introduction of new programs such as the C919, B777x, and MC-21, and the expanding global aircraft fleet.

Military aircraft is the second-leading category of the market, as the demand for advanced fighter jets has increased significantly in recent years. The rising geopolitical tensions and security challenges have pushed many countries to upgrade their air forces, leading to heavy investments in the development and procurement of advanced fighter jets.

By Product Type

"Nuts are projected to maintain their position as the leading product of the market throughout the forecast period, while rivets are anticipated to grow at the fastest rate during this time."

The market is segmented into bolts, rivets, nuts, screws, pin fastening systems, and other product types. Nuts are projected to remain the dominant product, primarily due to their extensive use in aircraft assembly, where they are paired with bolts or screws to secure structural components. Their versatility and ease of use, along with the fact that they can be easily removed and reused, make them an essential fastening solution, especially in situations where regular maintenance or part replacements are necessary. Also, the availability of different types of aerospace-grade nuts, like self-locking nuts, wrenchable nuts, flange nuts, etc., ensures compatibility with various applications and materials, contributing to their continued dominance.

In contrast, rivets are expected to witness the fastest growth over the next eight years, driven by their benefits, including high strength, durability, resistance to vibration, quick installation, reliability, and ease of inspection and maintenance. Besides being strong and reliable, rivets are also quick to install and easy to check or replace during maintenance. These practical features make them a popular choice both when building aircraft and when carrying out repairs.

By Fastener Type

"Non-specialty fasteners are expected to continue dominating the market, while specialty fasteners are anticipated to grow at a faster pace."

The market is segmented into specialty fasteners and non-specialty fasteners. Non-specialty fasteners are projected to remain the dominant fastener type in the market during the forecast period due to their cost-effectiveness compared to specialized options. Non-specialty fasteners include common fasteners like nuts, bolts, and screws, which are widely used across various aircraft systems for their reliability, availability, and ease of installation. Their simplicity and lower cost make non-specialty fasteners a preferred choice for high-volume assembly tasks where advanced or customized solutions are not necessary.

However, specialty fasteners are anticipated to witness the fastest growth during this period, driven by advantages such as quicker assembly and suitability for surfaces that cannot accommodate holes. These fasteners are designed for specific or challenging use cases where traditional fasteners may not be ideal. These benefits are prompting airframers, notably Airbus, to transition from traditional fasteners to specialty options, particularly blind fasteners.

By Application Type

"The airframe is projected to remain the largest application area and is also expected to record the fastest growth during the forecast period."

The market is segmented into the airframe, flight control surfaces, interior, engine, and other application types. The airframe is the central framework and the largest structure in an aircraft, consisting of the fuselage, wings, empennage (tail section), and landing gear, most of which are secured with fasteners. The massive number of fasteners needed for the airframe, along with their crucial role in maintaining the aircraft's safety and performance, creates a steady and high demand in this category.

Aircraft airframes go through regular inspections, maintenance routines, and experience wear and tear from flight stress, environmental factors, and material fatigue. These challenges often require fasteners to be replaced or reinforced to ensure the aircraft remains airworthy.

By Material Type

"Titanium is expected to remain the most preferred material and the fastest-growing material type in the coming years."

The market is segmented into titanium, steel, and other materials. The ongoing replacement of steel and other heavy metal-based fasteners with titanium fasteners is driven by their lightweight nature, excellent strength-to-weight ratio, and corrosion resistance. These properties are particularly important in aircraft, where weight reduction enhances fuel efficiency and payload capacity.

There is good compatibility between titanium and composite structures, creating a shift in industry players to switch towards titanium fasteners despite their high cost. A350, B787, and military aircraft programs, such as F-22, F/A-18, F-35, and the UH-60 Black Hawk helicopter, are among some of the key aircraft programs that have incorporated large quantities of titanium components, including fasteners. Additionally, titanium fasteners offer reliable and durable fastening solutions, further contributing to market growth during the forecast period.

Regional Analysis

"North America is projected to remain the leading market in the coming years, while the Asia-Pacific region is expected to experience the fastest growth."

North America is expected to remain the largest market for aircraft fasteners during the forecast period. As the region's primary growth driver, the USA boasts the world's largest fleet of military aircraft and one of the largest commercial fleets. Key OEMs in the USA, including Boeing, Lockheed Martin, Bell Helicopter, Gulfstream Aerospace Corporation, and Cessna Aircraft Company, contribute significantly to the demand for fasteners.

Meanwhile, the Asia-Pacific region is expected to experience the highest growth during the same period. China and India are the main drivers of this growth, fueled by increasing demand for commercial aircraft to meet rising passenger traffic, the establishment of assembly plants for Boeing and Airbus in China, and the commercial launch of the indigenous COMAC C919 commercial aircraft.

Key Players

The market is moderately concentrated, with some local, regional, and global players. Most of the major players compete on some of the governing factors, including price, product offerings, regional presence, etc. The following are the key players in the aircraft fasteners market.

• Howmet Aerospace
• Precision Castparts Corp.
• LISI Aerospace
• Stanley Black & Decker Inc.
• TriMas Corporation
• National Aerospace Fasteners Corporation
• Avantus Aerospace

Report Features

This report provides market intelligence most comprehensively. The report structure has been kept so that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter's five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
• COVID-19 impact and its recovery curve.
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

The aircraft fasteners market is segmented into the following categories.

Aircraft Fasteners Market, by Aircraft Type

• Commercial Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• Regional Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• Helicopter (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• Military Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• General Aviation (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)

Aircraft Fasteners Market by Product Type

• Bolts (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• Rivets (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• Nuts (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• Screws (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• Pin Fastening Systems (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• Other Product Types (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)

Aircraft Fasteners Market, by Fastener Type

• Specialty Fasteners (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• Non-Specialty Fasteners (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)

Aircraft Fasteners Market, by Application Type

• Airframe (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• Flight Control Surfaces (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• Interiors (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• Other Applications (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)

Aircraft Fasteners Market, by Material Type

• Titanium Fasteners (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• Steel Fasteners (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• Other Materials (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)

Aircraft Fasteners Market, by End-User Type

• OE (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• Aftermarket (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)

Aircraft Fasteners Market, by Region

• North America (Country Analysis: The USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, The UK, Russia, and The Rest of Europe)
• Asia-Pacific (Country Analysis: Japan, China, India, and The Rest of the Asia-Pacific)
• Rest of the World (Country Analysis: Saudi Arabia, Brazil, and Others)

Research Methodology

• This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects today's aircraft fasteners market realities and future market possibilities for the forecast period.
• The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market.
• The vital data/information provided in the report can play a crucial role for market participants and investors in identifying the low-hanging fruit available in the market and formulating growth strategies to expedite their growth process.
• This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research's internal database and statistical tools.
• More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
• We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.