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Aerospace Fasteners Market
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Aerospace Fasteners Market

Author: Swarup Sahu - Senior Consultant, Report ID - DS2301004, Published - December 2024

Segmented in Product Type (Rivets, Screws, Nuts and Bolts, Washers), Material Type (Titanium, Aluminum, Steel, Other Alloys), Application, End User and Regions - Global Industry Analysis, Size, Share, Trends, and Forecast 2024 – 2034

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Global Aerospace Fasteners Market Outlook

Aerospace fasteners play a role in the global aerospace industry by connecting structures and driving progress in both earthly and outer space technologies with their far reaching impact, across boundaries. The market, for Aerospace fasteners was estimated at $8.6 billion in 2024. It is anticipated to increase to $14.8 billion by 2030 with projections indicating a growth to around $23.3 billion by 2035. This expansion represents a compound annual growth rate (CAGR) of 9.5% over the forecast period.


The emergence of Aerospace Fasteners highlights the balance between practicality and durability with its strength to weight ratios and strong resistance to rising temperatures while maintaining unparalleled reliability in harsh environments. The reaching consequences of their influence are evident in the growing desire for lightweight and fuel efficient aircraft as well as the increasing interest, in space exploration endeavors.


Market Size Forecast & Key Insights

2019
$8.6B2024
2029
$21.3B2034

Absolute Growth Opportunity = $12.7B

The Aerospace Fasteners market is projected to grow from $8.6 billion in 2024 to $21.3 billion in 2034. This represents a CAGR of 9.5%, reflecting rising demand across Aircraft Assembly, Maintenance and Repair and Spacecraft Construction.

The Aerospace Fasteners market is set to add $12.7 billion between 2024 and 2034, with manufacturer targeting Aluminum & Steel Material Type projected to gain a larger market share.

With Growing demand for lightweight materials, and Rising global air traffic, Aerospace Fasteners market to expand 148% between 2024 and 2034.

Opportunities in the Aerospace Fasteners Market

Exploitation of Lightweight Materials

The aviation sector is always seeking ways to make aircraft more efficient and fuel saving by exploring the use of materials in aerospace fasteners like Titanium and Aluminium alloys to drive innovation in aircraft design, for the future.

Advancements in Fastener Technologies and Growth in Commercial Space Exploration

With the advancement of aerospace manufacturing technology in recent years there is a growing need for intelligent fasteners that come with unique attributes such as self healing abilities, resistance to corrosion and robustness in challenging environments. Therefore businesses that allocate resources to research and development for crafting high tech bespoke fastener options may discover opportunities, in the industry.

The increase in space exploration initiatives carried out by companies such, as SpaceX and Blue Origin offers a chance for the aerospace fasteners sector to thrive and grow substantially in this new era of exploration demands top notch fasteners that are durable and specifically designed to endure the extreme challenges of outer space environments.

Growth Opportunities in North America and Europe

Europe Outlook

In Aerospace Fasteners industry market share is significant in Europe France and Germany despite tough competition from North American firms Airbus and other well known companies driving market expansion as low cost carriers gain popularity and fleets grow in size opening up new prospects, in the region.

North America Outlook

In the Aerospace Fasteners market of North America spearheaded by the United States stands out due to its players and advanced aviation industry domination. Competition is fierce among industry giants, like Boeing and Lockheed Martin. Nevertheless promising opportunities emerge from progressions and escalating defense spending levels.

North America Outlook

In the Aerospace Fasteners market of North America spearheaded by the United States stands out due to its players and advanced aviation industry domination. Competition is fierce among industry giants, like Boeing and Lockheed Martin. Nevertheless promising opportunities emerge from progressions and escalating defense spending levels.

Europe Outlook

In Aerospace Fasteners industry market share is significant in Europe France and Germany despite tough competition from North American firms Airbus and other well known companies driving market expansion as low cost carriers gain popularity and fleets grow in size opening up new prospects, in the region.

Growth Opportunities in North America and Europe

Established and Emerging Market's Growth Trend 2025–2034

1

Major Markets : United States, Germany, France, China, Russia are expected to grow at 6.9% to 10.0% CAGR

2

Emerging Markets : Brazil, Singapore, United Arab Emirates are expected to grow at 9.1% to 11.9% CAGR

Market Analysis Chart

The market for aerospace fasteners sees a mix of factors influencing it. Both positively and negatively. Factors that push the market forward consist of technological progressions leading to increased demand for new airplanes in the growing civil aviation sector and the necessity for upgrading defense aircraft and equipment. Innovations in technology have paved the way for the creation of yet stronger materials that are resistant to corrosion. All contributing to a favorable outlook for aerospace fasteners, in the market.

Recent Developments and Technological Advancement

December 2024

Lockheed Martin launched a series of titanium aerospace fasteners that promise exceptional strength and durability in extreme temperatures. This groundbreaking product is set to redefine the competition, within the market.

October 2024

Boeing and Airbus collaborated on a research initiative to create friendly aerospace fasteners that are sustainable and recyclable. This joint effort aims to shift the markets attention towards eco alternatives.

April 2024

General Fasteners Company has unveiled a corrosion resistant alloy designed specifically for aerospace fasteners. This innovation is expected to enhance the efficiency and longevity of their products.

The market for aerospace fasteners has seen an increase thanks to the rising number of commercial aircraft being produced worldwide. The growth can partly be credited to advancements that have resulted in the creation of strong and lightweight fasteners that offer extended service life and improved performance, in aviation settings. A key trend driving the aerospace fasteners market is the increasing popularity of titanium fasteners.

Impact of Industry Transitions on the Aerospace Fasteners Market

As a core segment of the Aerospace & Defense industry, the Aerospace Fasteners market develops in line with broader industry shifts. Over recent years, transitions such as Rise of Titanium Fasteners and Shift towards Digitization have redefined priorities across the Aerospace & Defense sector, influencing how the Aerospace Fasteners market evolves in terms of demand, applications and competitive dynamics. These transitions highlight the structural changes shaping long-term growth opportunities.

1

Rise of Titanium Fasteners:

The Aerospace Fasteners industry has seen an influence from the growing demand for titanium fasteners lately. These fasteners come with advantages like a weight to strength ratio, durability against corrosion and ability to withstand high temperatures making them a preferred option for aerospace purposes. Manufacturers are now putting emphasis on creating improved and long lasting titanium fasteners. This step is bringing about a level of complexity, in aircraft designs. The changing landscape is having an impact, on the market prompting manufacturers to adjust to the increasing need and integrate new technologies into their manufacturing practices.

2

Shift towards Digitization:

The field is following the trend of transformation just, like many others.

Global Events Shaping Future Growth

The chart below highlights how external events including emerging market developments, regulatory changes, and technological disruptions, have added another layer of complexity to the Aerospace & Defense industry. These events have disrupted supply networks, changed consumption behavior, and reshaped growth patterns. Together with structural industry transitions, they demonstrate how changes within the Aerospace & Defense industry cascade into the Aerospace Fasteners market, setting the stage for its future growth trajectory.

Market Dynamics and Supply Chain

Driver: Growing Demand for Lightweight Materials, and Technological Advancements in Fasteners

In the aerospace industry todays major preoccupation lies in fuel consumption and CO₂ emissions that prompt a growing need, for fasteners which come with a twofold advantage. They decrease the aircrafts total weight enhancing fuel efficiency and in turn cutting down operational expenses.
The relentless drive for progress in the aerospace sector has also led to the development of cutting edge fasteners that boast enhanced strength and resilience, against corrosion and wear over time. With these enhancements fueli.
The increasing number of flights has also led to a higher need for fresh airplanes in the market which has also also boosted the aerospace fasteners industry as they play a crucial role, in aircraft production.

Restraint: Stringent Regulatory Standards

One of the hurdles faced by the Aerospace Fasteners market relates to the strict regulations set forth in the aerospace sector regarding fasteners performance and quality criteria to ensure reliability and safety standards are met effectively in manufacturing processes. A factor that contributes to increased complexity and expenses, in production operations.

Challenge: High Production and Maintenance Costs

The manufacturing and upkeep of aerospace fasteners require financial resources and expertise along with cutting edge technologies in place for operations to run smoothly and ensure safety standards are met – factors that might pose challenges in broadening market reach due, to the considerable costs involved in the process.

Supply Chain Landscape

Raw Material Acquisition

ArcelorMittal

Perth Mint

Manufacturing

Precision Castparts Corp

TriMas Corporation

Distribution
Boeing Distribution Services / Aviall Services
End User Application
Airbus / Lockheed Martin
Raw Material Acquisition

ArcelorMittal

Perth Mint

Manufacturing

Precision Castparts Corp

TriMas Corporation

Distribution

Boeing Distribution Services

Aviall Services

End User Application

Airbus

Lockheed Martin

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Leading Providers and Their Strategies

Application AreaIndustryLeading ProvidersProvider Strategies
Commercial Aviation
Aerospace
M&M Aerospace, KLX Aerospace
Focus on quality certifications, forging strong relationships with airplane manufacturers
Military Aviation
Defense
Boeing, Stanley Aerospace Fastening
Manufacturing complex and reliable fasteners, collaborate closely with military organizations
Spacecraft & Satellites
Space Technology
Airbus, Precision Castparts Corp.
Providing precise, high-quality fasteners, capitalizing on the booming space technology
Export/Import Services
International Trade
Fastener Dimensions, Director Group
Leveraging efficient logistics and rigorous international compliance standards

Elevate your strategic vision with in-depth analysis of key applications, leading market players, and their strategies. The report analyzes industry leaders' views and statements on the Aerospace Fasteners market's present and future growth.

Our research is created following strict editorial standards. See our Editorial Policy

Applications of Aerospace Fasteners in Aircraft Assembly, Maintenance and Repair and Spacecraft Construction

Aircraft Assembly

Fasteners for aerospace applications play a role in putting aircraft together due to their excellent strength to weight ratios and ability to withstand drastic temperature changes effectively. They are components in the construction of both civilian and military planes. Major players like Alcoa Corporation and Precision Castparts Corp have established a reputation, for producing top notch and reliable fasteners tailored to the requirements of aircraft assembly.

Maintenance and Repair

In the field of aerospace technology well as in the upkeep and restoration of aerospace machinery and gadgets plays a crucial part too fasteners have an important role to play too fasteners are frequently employed in attaching and substituting components during regular maintenance examinations or in the process of fixing things after they have been damaged their dependable performance and uncomplicated fitting and removal procedures make them highly suitable, for such undertakings

Spacecraft Construction

Aerospace fasteners play a role in building spacecraft by being able to endure the harsh conditions of space travel like high speed impacts and corrosive surroundings. Giving them a clear edge in this field of technology. Innovative and lightweight fasteners also help in decreasing the weight of spacecraft whichs a key factor in the aerospace industry. Major players in the market such, as Lockheed Martin and NASA often use these specialized fasteners in crafting their spacecraft designs and manufacturing processes.

Aerospace Fasteners vs. Substitutes:
Performance and Positioning Analysis

In comparison to fasteners Aerospace Fasteners provide enhanced durability and precision which sets them apart in the market and positions them for potential growth driven by rising demands, in the aerospace sector.

Aerospace Fasteners
  • Adhesive Bonding /
  • Rivet Connections /
  • Welding Technologies
    High durability, ability to withstand extreme conditions
    High manufacturing cost, susceptibility to corrosion
    High durability, cost-effectiveness
    Less precise, potentially longer delivery times

Aerospace Fasteners vs. Substitutes:
Performance and Positioning Analysis

Aerospace Fasteners

  • High durability, ability to withstand extreme conditions
  • High manufacturing cost, susceptibility to corrosion

Adhesive Bonding / Rivet Connections / Welding Technologies

  • High durability, cost-effectiveness
  • Less precise, potentially longer delivery times

In comparison to fasteners Aerospace Fasteners provide enhanced durability and precision which sets them apart in the market and positions them for potential growth driven by rising demands, in the aerospace sector.

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Research Methodology

This market research methodology defines the Aerospace Fasteners market scope, gathers reliable data, and validates findings using integrated primary and secondary research. Our systematic framework ensures precise market sizing, growth trend analysis, and competitive benchmarking.


Secondary Research Approach


We begin secondary research by defining the targeted market at macro and micro levels. As part of the Aerospace & Defense ecosystem, we analyze Aerospace Fasteners across OEM and Aftermarket Applications. Our team gathers data systematically from country level ministerial sources, industry associations & federations, trade databases, company annual & quarterly reports and other credential sources, enabling us to map global and regional market size, pricing trends, regulatory standards, and technology advancements.



Key Sources Referenced:

International Air Traffic Association (IATA)

EDA - Europe / NATO Publications

Aerospace Industries Association (AIA)

SIPRI / World Bank Database

CFR - Conflict Tracker

Annual Reports / Industry Magazines / Country Level Ministerial Sources

• NAICS - Economic Statistics (US, Canada)

We benchmark competitors such as Alcoa Corporation, B&B Specialties Inc, and Click Bond Inc by reviewing company financial statements, and regulatory filings. Our secondary insights identify key market drivers and constraints, forming the analytical foundation for primary research.


Primary Research Methods


We conduct structured interviews and surveys with industry stakeholders, including Raw Material Acquisition, Manufacturing, and Distribution. Our geographic coverage spans Americas (40%), Europe (30%), Asia-Pacific (25%) and Middle East & Africa (5%). Our online surveys generally achieve a response rate of above 65%, and telephone interviews yield 60%, resulting in above 92% confidence level with a ±7% margin of error.


Through targeted questionnaires and in-depth interviews, we capture purchase intent, adoption barriers, brand perception across Segment Type. We use interview guides to ensure consistency and anonymous survey options to mitigate response bias. These primary insights validate secondary findings and align market sizing with real-world conditions.


Market Engineering & Data Analysis Framework


Our data analysis framework integrates Top-Down, Bottom-Up, and Company Market Share approaches to estimate and project market size with precision.


Top-down & Bottom-Up Process


In Top-down approach, we disaggregate global Aerospace & Defense revenues to estimate the Aerospace Fasteners segment, using historical growth patterns to set baseline trends. Simultaneously, in Bottom-up approach, we aggregate Country-Level Demand Data to derive regional and global forecasts, which provide granular consumption insights. By reconciling both approaches, we ensure statistical precision and cross-validation accuracy.


We evaluate the supply chain, spanning Raw Material Acquisition (ArcelorMittal, Perth Mint), Manufacturing (Precision Castparts Corp, TriMas Corporation), and Distribution. Our parallel substitute analysis examines Adhesive Bonding, Rivet Connections, and Welding Technologies, highlighting diversification opportunities and competitive risks.


Company Market Share & Benchmarking


We benchmark leading companies such as Alcoa Corporation, B&B Specialties Inc, and Click Bond Inc, analyzing their capabilities in pricing, product features, technology adoption, and distribution reach. By assessing company-level revenues and product portfolios, we derive market share comparisons, clarifying competitive positioning and growth trajectories across the ecosystem.


Our integration of data triangulation, supply chain evaluation, and company benchmarking, supported by our proprietary Directional Superposition methodology enables us to deliver precise forecasts and actionable strategic insights into the Aerospace Fasteners market.


Quality Assurance and Compliance


We cross-reference secondary data with primary inputs and external expert reviews to confirm consistency. Further, we use stratified sampling, anonymous surveys, third-party interviews, and time-based sampling to reduce bias and strengthen our results.


Our methodology is developed in alignment with ISO 20252 standards and ICC/ESOMAR guidelines for research ethics. The study methodology follows globally recognized frameworks such as ISO 20252 and ICC codes of practice.

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Aerospace Fasteners Market Data: Size, Segmentation & Growth Forecast

Report AttributeDetails
Market Value in 2025USD 9.4 billion
Revenue Forecast in 2034USD 21.3 billion
Growth RateCAGR of 9.5% from 2025 to 2034
Base Year for Estimation2024
Industry Revenue 20248.6 billion
Growth OpportunityUSD 12.7 billion
Historical Data2019 - 2023
Growth Projection / Forecast Period2025 - 2034
Market Size UnitsMarket Revenue in USD billion and Industry Statistics
Market Size 20248.6 billion USD
Market Size 202711.3 billion USD
Market Size 202913.5 billion USD
Market Size 203014.8 billion USD
Market Size 203421.3 billion USD
Market Size 203523.3 billion USD
Report CoverageMarket revenue for past 5 years and forecast for future 10 years, Competitive Analysis & Company Market Share, Strategic Insights & trends
Segments CoveredProduct Type, Material Type, Application, End User
Regional scopeNorth America, Europe, Asia Pacific, Latin America and Middle East & Africa
Country scopeU.S., Canada, Mexico, UK, Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Mexico, Argentina, Saudi Arabia, UAE and South Africa
Companies ProfiledAlcoa Corporation, B&B Specialties Inc, Click Bond Inc, Lisi Aerospace, 3V Fasteners Company Inc, TFI Aerospace Corporation, National Aerospace Fasteners Corporation, Trimas Corporation, B/E Aerospace Inc, Precision Castparts Corp, Stanley Engineered Fastening and Monogram Aerospace Fasteners
CustomizationFree customization at segment, region or country scope and direct contact with report analyst team for 10 to 20 working hours for any additional niche requirement which is almost equivalent to 10% of report value

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Table of Contents

Industry Insights Report - Table Of Contents

Chapter 1

Executive Summary

Major Markets & Their Performance - Statistical Snapshots

Chapter 2

Research Methodology

2.1Axioms & Postulates
2.2Market Introduction & Research MethodologyEstimation & Forecast Parameters / Major Databases & Sources
Chapter 3

Market Dynamics

3.1Market OverviewDrivers / Restraints / Opportunities / M4 Factors
3.2Market Trends
3.2.1Introduction & Narratives
3.2.2Market Trends - Impact Analysis(Short, Medium & Long Term Impacts)
3.3Supply Chain Analysis
3.4Porter's Five ForcesSuppliers & Buyers' Bargaining Power, Threat of Substitution & New Market Entrants, Competitive Rivalry
Chapter 4

Aerospace Fasteners Market Size, Opportunities & Strategic Insights, by Product Type

4.1Rivets
4.2Screws
4.3Nuts and Bolts
4.4Washers
Chapter 5

Aerospace Fasteners Market Size, Opportunities & Strategic Insights, by Material Type

5.1Titanium
5.2Aluminum
5.3Steel
5.4Other Alloys
Chapter 6

Aerospace Fasteners Market Size, Opportunities & Strategic Insights, by Application

6.1Commercial Aviation
6.2Military Aviation
6.3Spacecraft
Chapter 7

Aerospace Fasteners Market Size, Opportunities & Strategic Insights, by End User

7.1OEM
7.2Aftermarket
Chapter 8

Aerospace Fasteners Market, by Region

8.1North America Aerospace Fasteners Market Size, Opportunities, Key Trends & Strategic Insights
8.1.1U.S.
8.1.2Canada
8.2Europe Aerospace Fasteners Market Size, Opportunities, Key Trends & Strategic Insights
8.2.1Germany
8.2.2France
8.2.3UK
8.2.4Italy
8.2.5The Netherlands
8.2.6Rest of EU
8.3Asia Pacific Aerospace Fasteners Market Size, Opportunities, Key Trends & Strategic Insights
8.3.1China
8.3.2Japan
8.3.3South Korea
8.3.4India
8.3.5Australia
8.3.6Thailand
8.3.7Rest of APAC
8.4Middle East & Africa Aerospace Fasteners Market Size, Opportunities, Key Trends & Strategic Insights
8.4.1Saudi Arabia
8.4.2United Arab Emirates
8.4.3South Africa
8.4.4Rest of MEA
8.5Latin America Aerospace Fasteners Market Size, Opportunities, Key Trends & Strategic Insights
8.5.1Brazil
8.5.2Mexico
8.5.3Rest of LA
8.6CIS Aerospace Fasteners Market Size, Opportunities, Key Trends & Strategic Insights
8.6.1Russia
8.6.2Rest of CIS
Chapter 9

Competitive Landscape

9.1Competitive Dashboard & Market Share Analysis
9.2Company Profiles (Overview, Financials, Developments, SWOT)
9.2.1Alcoa Corporation
9.2.2B&B Specialties Inc
9.2.3Click Bond Inc
9.2.4Lisi Aerospace
9.2.53V Fasteners Company Inc
9.2.6TFI Aerospace Corporation
9.2.7National Aerospace Fasteners Corporation
9.2.8Trimas Corporation
9.2.9B/E Aerospace Inc
9.2.10Precision Castparts Corp
9.2.11Stanley Engineered Fastening
9.2.12Monogram Aerospace Fasteners