NEW YORK, Jan. 12, 2017 /PRNewswire/ -- Trends, opportunities and forecast in this market to 2021 by material type (aluminum, steel, titanium, and others), aircraft type (commercial aircraft, regional aircraft, general aviation, helicopter, and military aircraft), by region (North America, Europe, Asia Pacific, Rest of the World)
he future of the global aerospace fastener market looks promising with opportunities in commercial aircraft, regional aircraft, general aviation, helicopter, and military aircraft segments. The global aerospace fastener market is expected to reach an estimated $6.0 billion by 2021 at a CAGR of 6.0% from 2016 to 2021. The major drivers of growth for this market are increasing aircraft delivery, increase in demand for wide body aircraft, and introduction of new aircraft programs.
Emerging trends, which have a direct impact on the dynamics of the industry, include increase in penetration of titanium fasteners due to compatibility with composite parts and increase usage of titanium bolts in areas where high strength is required.
A total of 46 figures / charts and 22 tables are provided in this 122-page report to help in your business decisions. To learn the scope of, benefits, companies researched and other details of this report, ask for the report brochure.
The study includes a forecast for the global aerospace fastener market by aircraft type, material type, and region, as follows:
By Material Type (Value ($ million) from 2010 to 2021):
- Aluminum fastener
- Steel fastener
- Titanium fastener
- Other fastener
By Aircraft Type (Value ($ million) from 2010 to 2021):
- Commercial aircraft
- Regional aircraft
- General aviation
- Military aircraft
By Product Type (Value ($ million) 2015):
By Region (Value ($ million) from 2010 to 2021):
- North America
- Asia Pacific
- Rest of World
Alcoa, Precision Castparts Corp., Lisi Aerospace, Stanley Engineered Fastening, National Aerospace Fasteners Corp., B&B Specialities, Inc., and Trimas are among the major suppliers of aerospace fasteners.
On the basis of its comprehensive research, Lucintel forecasts that titanium fasteners and other fasteners (superalloy) are expected to show above average growth during the forecast period.
Within the aircraft type, commercial aircraft segment is expected to remain the largest market during the forecast period as commercial aircraft has the largest number of fasteners when compared to any other aircraft.
North America is expected to remain the largest region due to high demand for newer aircraft and replacement of ageing fleet. Aircraft fastener demand is directly proportional to aircraft delivery.
This report answers the following 11 key questions:
Q.1 What are some of the most promising, high-growth opportunities for the aerospace fastener market by material type (Aluminum, Steel, Titanium, and Others), aircraft type (Commercial Aircraft, Regional Aircraft, General Aviation, Helicopter, and Military Aircraft), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which product segments will grow at a faster pace and why?
Q.3 Which region will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats of this market?
Q.6 What are the emerging trends in this market and reasons behind them?
Q.7 What are some of the changing demands of customers in the market?
Q.8 What are the new developments in the market and which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products in this area and how great a threat do they pose for loss of market share through product substitution?
Q.11 What M&A activity has occurred in the last 5 years?
Lucintel has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in this market
- Detailed secondary research from competitors' financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of Lucintel's professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted in the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts in the market. Some of the fastener manufacturers in global aerospace fastener industry are Alcoa, Precision Castparts Corp. (PCC), Lisi Aerospace, Trimas, Stanley Eninneered Fastening, and others. Some of the component and equipment manufacturers in this market are Rolls-Royce, Pratt & Whitney, Mitsubishi Heavy Industries, and others.
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