What is the global market size of Aerospace Titanium Fasteners(ASF) Market?

Aerospace Titanium Fasteners(ASF) Market size was valued at USD 0.71 billion in 2021 and is poised to grow from USD 0.76 billion in 2022 to USD 1.38 billion by 2030, growing at a CAGR of 6.9% in the forecast period (2023-2030).

What is the key driver of Global Aerospace Titanium Fasteners(ASF) Market?

The global civil aviation sector is expanding due to factors such as increased air traffic, increased travel and tourism, increased flight capacity, and opportunities for new commercial aviation routes. To meet current aircraft demand, commercial aviation sectors require new aircraft deliveries, resulting in increased commercial aircraft production. To meet the high demand and provide speedy delivery, the aircraft OEM needs effective components, systems, and raw materials. Furthermore, increasing developments in the aviation industry in developing countries such as China and India are expected to support the growth of the aerospace titanium fasteners market during the forecast period.

Aerospace Titanium Fasteners(ASF) Market Size, Share, Growth Analysis, By Product(Nuts, Bolts, Rivets Screws, Others), By End-user(Military Aircraft Manufacturers, Commercial Aircraft Manufacturers, MROs (Maintenance Repair & Operations)), By Application(Airframes, Engines, Interiors Flight Control Surfaces, Landing Gears), By Region - Industry Forecast 2025-2032

Report ID: SQSG20A2007 | Region: Global | Published Date: April, 2024
Pages: 165 | Tables: 92 | Figures: 76

Aerospace Titanium Fasteners(ASF) Market News

In August 2021, Safran Aircraft Engines certified National Aerospace Fasteners Corp. as a competent aerospace forging supplier, according to the company. With materials ranging from iron-based to nickel-based and cobalt-based high-temperature superalloys, NAFCO is competent to engage in forging aviation goods.
In January 2021, TriMas, is a leading designer and manufacturer of aerospace specialty products signed an agreement to acquire TFI Aerospace to add it to TriMas Aerospace. TFI is a leading manufacturer and supplier of specialty fasteners used in a variety of applications, predominantly in aerospace applications.
In September 2021, B & B Specialties, Inc. participated in International Fastener EXPO 2021, which was held in Las Vegas from September 21, 2021, to September 23, 2021.

Aerospace Titanium Fasteners(ASF) Market Report Snapshots

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FAQs

Based on the Product, it was estimated that the MRO segment is experiencing high demand and generating the highest revenue in the forecasted period.

The CAGR of the 3D glass market for the forecast year will be more than 6.9 %.

Aerospace Titanium Fasteners(ASF) Market size was valued at USD 0.76 Billion in 2023 and is poised to grow from USD 0.81 Billion in 2024 to USD 1.48 Billion by 2032, growing at a CAGR of 6.9% during the forecast period (2025-2032).

In the Global Aerospace Titanium Fasteners Market, the key players are deploying various organic and inorganic growth strategies to survive market competition. The market for Aerospace Titanium Fasteners is concentrated and companies are leveraging strategic ways to provide superior products differentiated from others either based on quality or service. They are looking forward to expanding in potential regions that would elevate the market share in upcoming years. 'TriMas Corp.', 'National Aerospace Fasteners Corp.', 'Arconic Inc.', 'LISI Aerospace', 'Precision Castparts Corp. (PCC)', 'B&B Specialties, Inc.', 'TFI Aerospace Corporation', 'TECT Aerospace, Inc.', 'Park Aerospace Corp.', 'Aerospace Manufacturing Group, Inc.', 'B/E Aerospace, Inc.', 'Allfast Fastening Systems, Inc.', 'SPS Technologies, LLC', 'The Boeing Company', 'Airbus S.A.S.', 'Eaton Corporation', 'General Electric Company', 'Rolls-Royce Holdings plc', 'United Technologies Corporation', 'Safran SA'

The COVID-19 Pandemic had a substantial impact on the Global Aerospace Titanium Fasteners Market. The supply and transportation of materials was affected worldwide. Due to nationwide lockdowns and travel restrictions, aircraft production facility shutdowns, and disrupted aerospace industry due to material shortages. However, the by mid-2022 the orders for aircrafts materials has significantly increased. The key market players are enticed to pay attention towards growing segments ensuring significant surge along with maintaining the growth in other segments. These factors will enable high market share for Global Aerospace Titanium Fasteners Market in the forecasted period.

During the Estimation period, North America is expected to retain its dominance as the largest market for the Global Aircraft Titanium Fasteners. This owes to the presence of several large-to-small-sized aircraft manufacturers, titanium fasteners manufacturers, tier players distributors, and raw material suppliers. Early innovations and adoption of latest technologies paving way for the present as well as future advancements has made it the world’s manufacturing capital of the aircraft industry. As per the latest report 36% of the Global Aerospace Titanium Fasteners Market growth will be generated from North America. Gradually the technological trends have transmitted to other parts of the world like China and India.

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Aerospace Titanium Fasteners(ASF) Market News

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