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Aerospace Fasteners Market was valued at US$ 957.32 Mn. in 2021 and it is expected to reach US$ 1436.09 Mn. by 2029 at a CAGR of 5.2% during the forecast period.
Aerospace Fasteners Market Overview:
The Aerospace Fasteners market study gives a complete view of the competition, including the market share and company profiles of the worldwide industry's leading competitors. The scope of the research includes a full assessment of the Aerospace Fasteners Market, as well as the reasons for variations in the industry's growth across a number of sectors.
Market Scope:
To validate the market size and estimate the market size by different segments, top-down and bottom-up methodologies are utilized. The research's market estimates are based on the sale price (excluding any discounts provided by the manufacturer, distributor, wholesaler, or traders). Weights applied to each section based on usage rate and average sale price are used to determine percentage splits, market shares, and segment breakdowns. The percentage adoption or usage of the provided market Size in the relevant area or nation is used to determine the country-wise splits of the overall market and its sub-segments.
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Segmentation:
Aerospace fasteners have a significant role in defining longevity, reliability, structural integrity and design in the aerospace industry. In military aircrafts such as fighter jets, pyrotechnic fasteners (explosive bolts) are used to secure eject able canopies, these type of aerospace fasteners are called specialty fasteners and specialty fasteners have relatively limited application than general purpose fasteners.
35% of the market’s growth will originate from North America during the forecast period. In 2018, North America accounted for the highest market share out of all the regions, due to high demand from the United States. The U.S. has developed an extensive range of defence, military and commercial aircraft. In addition, many product development initiatives are undertaken to manufacture advanced fuel-efficient aircraft incorporating high-performance screws, nuts, bolts and other fastening tools, which are specially designed for aircraft systems as per the application. On the basis of these factors, U.S. is anticipated to witness firm market growth prospects in the aerospace fasteners market.
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Key Players:
Primary and secondary research is used to identify market leaders, while primary and secondary research is utilized to determine market revenue. Primary research included in-depth interviews with key opinion leaders and industry specialists such as experienced front-line personnel, CEOs, and marketing executives. Secondary research included a review of the leading manufacturers' annual and financial reports, whereas primary research included in-depth interviews with key opinion leaders and industry specialists such as experienced front-line personnel, CEOs, and marketing executives. Secondary sources are utilized to compute percentage splits, market shares, growth rates, and global market breakdowns, which are then checked using primary data.
The biggest players in the Aerospace Fasteners market are as follows:
• Alcoa Fastening Systems & Rings
• Allfast Fastening Systems
• Avdel private limited
• B&B Specialties, Inc.
• Bufab Group
• EADS
• Arconic
• Ho-Ho-Kus Inc.
• B/E Aerospace
• Stanley Engineered Fasteners (Emhart Teknologies LLC)
• LISI Aerospace
• National Aerospace Fasteners Corporation
• Precision Castparts Corporation
• TFI Aerospace Corporation
• TPS Aviation Inc.
Regional Analysis:
Individual market influencing components and changes in market regulations affecting the present and future market trends are also included in the regional overview of the Aerospace Fasteners market analysis. Current and future trends are researched in order to assess the entire market potential and identify profitable patterns in order to get a stronger foothold. The geographical market assessment is based on the present environment and expected developments.
COVID-19 Impact Analysis on Aerospace Fasteners Market:
End-user industries where Aerospace Fasteners are utilized saw a decline in growth from January 2020 to May 2020 in a number of countries, including China, Italy, Germany, the United Kingdom, and the United States, as well as Spain, France, and India, due to a pause in operations. This resulted in a significant drop in the revenues of enterprises in these industries, as well as in demand for Aerospace Fasteners manufacturers, affecting the Aerospace Fasteners market's growth in 2020. End-user business demand for Aerospace Fasteners has plummeted as a result of lockdowns and an increase in COVID-19 events throughout the world.
Key Questions Answered in the Aerospace Fasteners Market Report are:
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