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The aerospace stainless steel and superalloy fasteners market size is projected to reach US$ 1.33 billion by 2031 from US$ 0.82 billion in 2024. The market is expected to register a CAGR of 7.8% during 2025–2031. Growing focus on fabricating sustainability in aerospace manufacturing is likely to emerge as a new trend in the market in the coming years.
Aerospace Stainless Steel And Superalloy Fasteners Market Analysis
The key factors fueling the growth of the aerospace stainless steel and superalloy fasteners market include an increasing number of MRO activities in emerging economies, a growing number of general aviation aircraft and helicopter deliveries, and a rising number of orders and production of narrow body aircraft. Moreover, the integration of simulation technologies is projected to create opportunities for the key players operating in the market during the forecast period.
Aerospace Stainless Steel And Superalloy Fasteners Market Overview
The aerospace stainless steel and superalloy fasteners market is segmented into North America, Europe, and Asia Pacific. The presence of several manufacturers and suppliers of stainless steel and superalloy fasteners in these regions drives the market. TriMas; Precision Castparts Corp.; Howmet Aerospace Inc.; LISI Aerospace SAS; Saturn Fasteners, Inc.; National Aerospace Fasteners Corp.; and Raychin Limited are among the 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. Additionally, in May 2024, IndiGo collaborated with Embraer, ATR, and Airbus to order approximately 100 smaller planes as it targets to widen its regional network. Thus, continuous development in the commercial aircraft sphere is projected to propel the growth of the aerospace stainless steel and superalloy fasteners market in the coming years. Also, the growing demand for stainless steel and superalloy fasteners in the aerospace sector, owing to the rising number of new aircraft fleet production and increasing MRO services, is boosting the growth of the market in North America, Europe, and Asia Pacific.
The air passenger traffic is expanding at a continuous pace, which has driven 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, which impacts the growth of the aerospace stainless steel and superalloys fasteners market.
The demand for maintenance and repair of aircraft parts is witnessing a surge in Asia Pacific. Growth in the aviation industry can be more concentrated in Asia Pacific, particularly in China and India. Also, Singapore and Malaysia are a few of the major contributors to the growth of the aircraft MRO services sector, which is having a positive impact on the aerospace stainless steel and superalloys fasteners market. Asia Pacific is projected to experience robust growth in the aviation industry, which is likely to boost the demand for aerospace fasteners in the coming years.
The rise in investment to expand aircraft fleets across Europe and North America also contributes to the growth of the aerospace stainless steel and superalloy 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 is projected to propel the aerospace stainless steel and superalloy fasteners market growth during the forecast period. Moreover, the growth of the tourism industry in countries in Asia Pacific, such as India, Indonesia, Thailand, and Singapore, is projected to fuel the demand for aircraft fleets, boosting the aerospace stainless steel and superalloy fasteners market growth.
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Aerospace Stainless Steel And Superalloy Fasteners Market: Strategic Insights
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Aerospace Stainless Steel And Superalloy Fasteners Market Drivers and Opportunities
Rising Number of Orders and Production of Narrow Body Aircraft
The aerospace industry has been developing rapidly over the years, recording a substantial number of aircraft production and deliveries. This has demonstrated massive order volumes for various commercial aircraft manufacturers across the globe. Commercial aviation is anticipated to surge in the coming years with an increase in air travel passengers and aircraft volumes. The increase in orders of narrow body passenger and commercial aircraft across the globe drives the demand for aircraft brackets. With the growing number of air travel passengers, airlines are emphasizing expanding to more remote locations by launching routes to smaller city airports. With the mounting number of aircraft and airports, the demand for fasteners is also increasing. In 2023, Boeing and Greater Bay Airlines (GBA) received an order for 15 units of 737-9 airplanes. The agreement also incorporates a pledge for five 787 Dreamliners to support GBA's long-term strategy to introduce international long-haul service.
Airbus estimates that ~40,850 new passenger and cargo aircraft will be delivered from 2023 to 2042, of which approximately 32,630 will be typical single-aisle aircraft and 8,220 will be typical wide body aircraft. In addition, the requirement for freight aircraft is projected to reach ~2,510 aircraft, with around 920 newly built freight aircraft during the same timeframe. Thus, the rising number of orders and production of narrow body aircraft boosts the aerospace stainless steel and superalloys fasteners market growth.
Surge in Global Aircraft Fleet Size
As per Insight Partners analysis and various aerospace industry resources in 2024, the total number of existing commercial aircraft was more than ~28,395 across the globe, including over 17,260 narrow body aircraft; approximately 5,755 widebody aircraft; ~3,040 regional jets; and ~2,334 Turboprop. Furthermore, by 2034, the total number of commercial aircraft is anticipated to be approximately more than 36,400 worldwide, including over 22,974 narrow body aircraft; ~7,400 widebody aircraft; approximately 3,465 regional jets; and ~2,565 Turboprop. China and India are projected to show more than 3.5% growth in air travel from 2023 to 2042. In addition, according to the ch-aviation data on aircraft fleet orders from across the world, as of June 2023, the US accounted for the highest number of aircraft orders (excluding military aircraft and aircraft with unknown operator/engine) worldwide with a total of 3,147 aircraft on order—followed by Ireland, China, and India with 1,247; 1,239; and 888 aircraft orders, respectively. According to the same data, the top five consumers with aircraft orders are United Airlines, IndiGo Airlines, Lion Air, Air Lease Corporation, and AirAsia, among which two are based in Asia Pacific. Further, according to the various aerospace industry sources analysis, the total commercial aircraft fleet size in Asia Pacific stood at 8,653 in 2024, which is likely to reach approximately 11,582 aircraft by the end of 2034. Engine and airframe maintenance and repair appear to be the most prominent in 2024. Thus, the growing global aircraft fleet size is expected to generate new opportunities for aircraft component suppliers, including stainless steel and superalloy fasteners manufacturers, in the coming years.
Aerospace Stainless Steel And Superalloy Fasteners Market Report Segmentation Analysis
Key segments that contributed to the derivation of the aerospace stainless steel and superalloy fasteners market analysis are material type, application, aircraft type, and product type.
- Based on material type, the aerospace stainless steel and superalloy fasteners market is divided into stainless steel and superalloys. The stainless steel segment held a larger share of the market in 2024. Also, the superalloy segment is further segmented into A286, Inconel 718, Waspaloy, and others.
- By application, the market is segmented into airframe, engine, interior, and others. The airframe segment held the largest share of the market in 2024.
- Based on aircraft type, the market is divided into fixed wing and rotary wing. The fixed wing segment held a larger share of the market in 2024.
- Based on product type, the market is categorized into screws, rivets, nut/bolts, and others. The nut/bolts held the largest share of the market in 2024.
Aerospace Stainless Steel And Superalloy Fasteners Market Share Analysis by Geography
The geographic scope of the aerospace stainless steel and superalloy fasteners market report is mainly divided into three main regions: North America, Asia Pacific, and Europe. Asia Pacific dominated the aerospace stainless steel and superalloy fasteners market in 2024; it is likely to continue its dominance during the forecast period. Asia Pacific is a large aviation consumer base with more than 4 billion people and dynamic economies that together generate ~35% of global GDP. According to The Insight Partners analysis, in 2024, Asia Pacific had a fleet of more than 4,525 operational commercial aircraft, which is expected to reach ~5,150 commercial aircraft fleet by the end of 2034. Asia Pacific had more than ~2,263 operational narrow body commercial aircraft, and the number is expected to reach ~2,465 by the end of 2034. Further, Asia Pacific had more than ~1,360 operational wide body commercial aircraft, which is expected to reach ~1,655 by the end of 2034. The aviation industry in the region makes a crucial contribution to its social and economic development. The growth of Asia Pacific has been primarily attributed to the wide range of income levels and the rapidly growing middle class. This resulted in robust order gains from the fast-developing economies of Asia Pacific, such as India and China. Asia Pacific is expected to offer ample opportunities for fasteners providers in the future. Asia Pacific has several growing economies, which are leading the growth of a variety of sectors, including aerospace, military & defense, and technology. Asia Pacific has witnessed heavy imports of modern commercial aircraft in recent years due to the increasing number of international travelers from countries such as India, China, Japan, and Taiwan. The number of airports in the region is increasing, which, in turn, boosts the demand for aircraft fleets from airline companies.
Aerospace Stainless Steel And Superalloy Fasteners Market Report Scope
Aerospace Stainless Steel And Superalloy Fasteners Market News and Recent Developments
The aerospace stainless steel and superalloy 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 stainless steel and superalloy fasteners market are listed below:
TriMas 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. (Source: TriMas, Press Release, 2023)
- LISI AEROSPACE signed an agreement with Boeing Company to extend its current statement of work. Under the contract, LISI AEROSPACE will continue to provide close to 6,000 different part numbers in support of all Boeing Commercial programs (737, 747, 767, 777, and 787). (Source: LISI AEROSPACE, Press Release, 2022)
TriMas, a multinational manufacturer and provider of aerospace equipment headquartered in the US, purchased TFI Aerospace Corporation outright. TFI, headquartered in Toronto, is a leading manufacturer and supplier of specialty fasteners for aerospace, transportation, and industrial applications. (Source: TriMas, Press Release, 2021)
Aerospace Stainless Steel And Superalloy Fasteners Market Report Coverage and Deliverables
The "Aerospace Stainless Steel And Superalloy Fasteners Market Size and Forecast (2021–2031)" report provides a detailed analysis of the market covering below areas:
- Aerospace stainless steel and superalloy fasteners market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Aerospace stainless steel and superalloy fasteners market trends, as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed Porters’ Five Forces and SWOT Analysis
- Aerospace stainless steel and superalloy 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, prominent players, and recent developments for the aerospace stainless steel and superalloy 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
Asia Pacific is anticipated to grow with the highest CAGR over the forecast period 2024-2031.
The stainless steel segment held the largest market share in 2023.
The key players, holding majority shares, in aerospace stainless steel and superalloy fasteners market includes Precision Castparts Corp., LISI Aerospace SAS, TriMas Aerospace, Howmet Aerospace Inc, and B&B Specialties, Inc.
Focus on fabricating sustainability in aerospace manufacturing is the future trends of the aerospace stainless steel and superalloy fasteners market.
Increasing number of MRO activities in emerging economies and growing number of general aviation aircraft and helicopter deliveries are the driving factors impacting the aerospace stainless steel and superalloy fasteners market.
The aerospace stainless steel and superalloy fasteners market was valued at US$ 0 million in 2023 and is projected to reach US$ 1,334.44 million by 2031; it is expected to grow at a CAGR of 7.4% during 2023–2031.
The List of Companies - Aerospace Stainless Steel and Superalloy 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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