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The aerospace fasteners market size is projected to reach US$ 6,161.15 million by 2031 from US$ 4,044.12 million in 2024. The market is expected to register a CAGR of 6.0% during 2025–2031. The retrofitting of older aircraft fleets is likely to bring new trends in the market in the coming years.
Aerospace Fasteners Market Analysis
The air passenger traffic is expanding, driving the airlines to mount their flight movements and commence new aircraft. Aircraft MRO activities are fundamental in maintaining component accessibility, consistency, and quality. Airline operators depend on MRO services to ensure the safety of the aircraft and improve fuel efficiency.
The demand for the maintenance and repair of aircraft parts is witnessing a surge in Asia Pacific. Growth in the aviation industry can be more concentrated in China and India. Countries in the Rest of Asia Pacific, including Singapore and Malaysia, are expected to be the major contributors to the aircraft MRO services sector growth.
The rising investment to expand aircraft fleets across Europe and North America contributes to the growth of the aerospace fasteners market in these regions. In addition, an increase in government initiatives to finance or invest in military and defense aircraft to enhance safety and strengthen the defense sectors of these regions. The growth of the tourism industry in India, Indonesia, Thailand, and Singapore fuels the demand for aircraft fleets.
Aerospace Fasteners Market Overview
The adoption of aerospace fasteners is driven by the growing number of commercial, passenger, and combat aircraft worldwide. The changing modern warfare scenario has driven governments of countries to allocate substantial funds and financial aid toward defense and military air forces. The rising defense expenditure budget indicates the government's emphasis on procuring advanced combat aircraft to fulfill the mounting requirement for security, which is propelling the demand for aerospace fasteners. In 2022, the US government and Lockheed Martin finalized the contract for the production and delivery of up to 398 F-35s for US$ 30 billion. In 2023, the US secured a US$ 12 billion sale of Apache attack helicopters to Poland. Under this deal, Poland is expected to receive 96 units of AH-64E Apache attack helicopters from Boeing.
The increasing number of orders of narrow-body and wide-body aircraft in the commercial aircraft segment fuels the growth of the aerospace fasteners markets in North America, Europe, and Asia Pacific. In 2023, the overall general aviation shipments increased when compared to 2022. The shipments and preliminary aircraft deliveries accounted for US$ 28.3 billion, recording an increase of ~3.3%. As per the General Aviation Manufacturers Association data, in 2023, airplane shipments witnessed a rise compared to 2022. Piston airplane deliveries increased by ~11.8%, with 1,682 units; business jet deliveries increased to 730 units from 712, and turboprop airplane deliveries surged by ~9.6%, with 638 units. The value of airplane deliveries was US$ 23.4 billion in 2023, an increase of ~2.2% from 2022.
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Aerospace Fasteners Market: Strategic Insights
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Aerospace Fasteners Market: Strategic Insights
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Aerospace Fasteners Market Drivers and Opportunities
Benefits Associated with the Utilization of Titanium Fasteners in the Aerospace Industry
Titanium fasteners are the most common alloy used in the aerospace industry. These fasteners are obtained from titanium alloys, often with aluminum and vanadium as primary alloying elements, to enhance strength and other desirable properties. Their high strength-to-density ratio makes them stronger and lighter than steel. Also, its corrosion resistance and high-temperature performance make it the perfect choice for the aerospace industry. Due to their high tolerance to extreme temperatures and pressures, they are used in landing gear, jet engines, fan blades, engine blades, shafts, fuselages, wings, and propellers. Titanium fasteners, in pin or nut form, are used to join components in aircraft assemblies. Since they are 40% lighter than any other component, the demand for lightweight parts has driven the adoption of titanium fasteners globally.
Titanium's ability to withstand extreme temperatures enhances its application in the harshest service conditions. It maintains its structural capability under intense heat, a critical requirement for parts that must withstand the scorching temperatures of jet engines or the heat generated by the friction of atmospheric reentry. Conversely, the resistance to cryogenic temperatures makes it an indispensable component in space exploration, where the abysmal cold of outer space presents a key challenge. In naval aircraft, titanium is the preferred material for structures, landing gear, and fasteners to withstand the corrosive nature of sea fog and the marine atmosphere.
Increasing Number of MRO Activities in Emerging Economies
The growing aviation industry is fueling the demand for airline MRO services. Developing economies, especially countries in Asia Pacific, are concentrating on expanding MRO services to commercial and military aircraft companies. Major aircraft MRO businesses in the Asia Pacific are MTU Maintenance; Guangzhou Aircraft Maintenance Engineering Co., Ltd. (GAMECO), China; and ExecuJet Haite Aviation Services China Co., Ltd. Spending on aviation infrastructure, economic evolution, and surging passenger count boost the adoption of aircraft maintenance services. The rising number of middle-class travelers—especially in Singapore, China, and India—is contributing to air travel evolution and increasing the need for aircraft maintenance services in the region. Malaysia, Singapore, and Thailand generate a large amount of revenue from aviation MRO services owing to well-established MRO hubs. Airbus, GE Aviation, and Rolls-Royce have a significant presence in Singapore. According to the Wisconsin Economic Development Corporation (WEDC), Singapore is home to 120 aerospace companies, which accounts for one-quarter of the MRO service sector in Asia Pacific. Fasteners ensure the structural safety and integrity of aircraft during maintenance activities. Thus, the soaring emphasis on aircraft maintenance, repair, and overhaul (MRO) services across emerging nations drives the growth of the aerospace fasteners market.
Aerospace Fasteners Market Report Segmentation Analysis
The key segments contributing to the derivation of the aerospace fasteners market analysis are material type, application, aircraft type, and product type. Based on material type, the aerospace fasteners market is segmented into superalloys, aluminum, stainless steel, titanium, and others. The titanium segment held the largest market share in 2024. By application type, the aerospace fasteners market is segmented into airframes, engines, interiors, and others. The airframe segment held the largest market share in 2024. As per aircraft type, the aerospace fasteners market is segmented into fixed-wing and rotary-wing. The fixed-wing segment held the largest market share in 2024. Per product type, the aerospace fasteners market is segmented into screws, rivets, nuts/bolts, and others. The nut/bolts segment held the largest market share in 2024.
Aerospace Fasteners Market Share Analysis by Geography
The geographic scope of the aerospace fasteners market report is divided into four main regions: North America, Europe, Asia Pacific, Middle East & Africa, and South America. The global aerospace fasteners market is categorized into North America, Asia Pacific, Europe, the Middle East & Africa, and South America. North America accounts for the largest market share of 35.1% in 2024 and is projected to register a CAGR of 5.5% during the forecast period. The presence of several manufacturers and suppliers of stainless steel and superalloy fasteners in North America and Europe drives the market growth. TriMas, Precision Castparts Corp., Howmet Aerospace Inc., LISI Aerospace SAS, Saturn Fasteners, Inc., National Aerospace Fasteners Corp., and Raychin Limited are key players based in North America, Europe, and Asia Pacific.
In June 2024, Airbus' A330-900 flight-test aircraft—MSN1795/F-WTTN—flew to Toluca in Mexico and then to La Paz in Bolivia. The test was a part of Airbus's high-altitude test campaign. Airbus is focusing on increasing production of the A350 and A330neo and working on the potential launch of an A330neo-based freighter. Airbus supplied 735 commercial aircraft in 2023, which is a ~11% increase from 2022. Airbus accounted for overall 2,319 orders of commercial aircraft, comprising 1,835 A320 Family and 300 A350 Family aircraft. In 2023, Boeing delivered a total of 528 aircraft, including 396 Boeing 737 jets and 73 Dreamliners. In May 2024, IndiGo collaborated with Embraer, ATR, and Airbus to order ~100 smaller planes as it targets to widen its regional network. Also, the demand for stainless steel and superalloy fasteners in the aerospace sector is growing owing to the rising number of new aircraft fleet production and increasing MRO services.
The Middle East and Africa, as well as South America are key contributors to the aerospace fasteners market growth. According to the Federal Aviation Administration in the Middle East, the aviation industry is experiencing annual growth of 10%. Countries in Africa are experiencing growth in the aviation industry as the number of air passengers increases due to progress in liberalizing air transport agreements. IATA forecasts that annual passenger numbers will increase by ~5.9% over the next 20 years, representing more than 300 million additional air passengers compared to 2019. Governments in the Middle East and Africa are realizing the potential of implementing advanced components in aircraft and are focusing on improving the quality of components.
Aerospace Fasteners Market Report Scope
Aerospace Fasteners Market News and Recent Developments
The aerospace fasteners market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the aerospace fasteners market are listed below:
- TriMas announced the completion of the previously announced acquisition of the aerospace business of GMT Gummi-Metall-Technik GmbH (“GMT”). Based in Germany, GMT’s aerospace division (“GMT Aerospace”) develops and manufactures a wide range of tie-rods and rubber-metal anti-vibration systems for commercial and military aerospace applications. GMT Aerospace is now part of the TriMas Aerospace group. (TriMas, Press Release, February 2025)
- MEIDOH Co. Ltd. acquired Pilgrim Screw Corp., d.b.a. Pilgrim Aerospace Fasteners. (MEIDOH Co. Ltd, Press Release, January 2024)
- Genesys Industries announced that the company has acquired 100% of F3 Aerospace (F3). Genesys expects the acquisition to be accretive to its earnings within 3 months of closing. This transaction will create equity value in-line with our long-term objectives. (Genesys Industries, Press Release, September 2024)
Aerospace Fasteners Market Report Coverage and Deliverables
The "Aerospace Fasteners Market Size and Forecast (2021–2031)" report provides a detailed analysis of the market covering below areas:
- Aerospace fasteners market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Aerospace fasteners market trends, as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed Porter’s Five Forces and SWOT analysis
- Aerospace fasteners market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, market share analysis of prominent players, and recent developments for the aerospace fasteners market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
The aerospace fasteners market was valued at US$ 4,044.12 million in 2024; it is expected to register a CAGR of 6.0% during 2025–2031.
The key players operating in the aerospace fasteners market include 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.
Focus on fabricating sustainability in aerospace manufacturing and retrofitting of older aircraft fleet are the key future trends of the aerospace fasteners market.
Benefits associated with the utilization of titanium fasteners in the aerospace industry, increasing number of MRO activities in emerging economies, growing number of general aviation aircraft and helicopter deliveries, rising number of orders and production of narrow body aircraft are the driving factors impacting aerospace fasteners market.
The aerospace fasteners market is expected to reach US$ 6,161.15 million by 2031.
The List of Companies - Aerospace Fasteners 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
- MS Aerospace
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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