Aerospace Fasteners Market Size, Share & Industry Analysis, By Material (Aluminum, Titanium, Stainless Steel, Superalloy, and Others), By Superalloy Material (A286, Inconel 718, Waspaloy, and Others), By Superalloy Material Application (Airframe, Engine, Interiors, and Others), and Regional Forecast, 2025-2031

The global aerospace fasteners market size was valued at USD 6,288.2 million in 2024. The market is projected to grow from USD 6,899.7 million in 2025 to USD 12,421.9 million by 2031, exhibiting a CAGR of 10.3% during the forecast period. North America dominated the aerospace fasteners market with a market share of 74.67% in 2024. The global aerospace superalloy fasteners market size was valued at USD 776.7 million in 2024, and is projected to reach 2,716.8 million by 2031.

Aerospace fasteners are critical components used to keep various parts of aircraft body attached together and assembled. Fasteners are used to assemble aerostructures such as the fuselage, wings, empennage, nose, pylon, nacelle, and flight control surfaces. There are different types of aerospace fasteners such as bolts, nuts, screws, rivets, collars, washers, and others. To ensure safety and reliability of aircraft, fasteners must conform rigorously to stringent industry standards such as NAS, MS, AN, NASM/NAM, SAE AS9100, and ISO/TC 20/SC 4. Some material used to design aerospace fasteners are aluminum alloys, high strength steel, titanium, and superalloys.  

Aerospace Fasteners Market Trends

Rise in usage of Superalloy Fasteners in Aircraft Engine to Boost Market Growth

Modern gas turbine engines are designed to operate at higher temperatures and pressures to improve efficiency and performance. As aircraft engines operate at higher temperatures and pressures to improve fuel efficiency and thrust output, there is an increasing need for materials that can withstand these extreme conditions.

Nickel based superalloy consists of nickel which is high-temperature resistance, are widely utilized in engine components exposed to temperatures exceeding 550°C. These components include turbine blades, discs, vanes, and parts located within the combustion chamber and other high-temperature sections of the engine. For instance, nickel-based superalloys are the material of choice for the hottest engine components, such as high-pressure turbine blades and discs.

Inconel nickel alloys are designed for high strength or high-temperature applications. Waspaloy and MP35N / MP159 fasteners are installed on engines. A286 material fastener is useful in engines, turbines, and superchargers. Moreover, Waspaloy is being utilized in turbine engine components, including blades and discs. Inconel, a nickel-chromium alloy, is valued for its significant resistance to high temperatures and corrosion, making it a popular choice for aircraft engine components, exhaust systems, and structural parts.   

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Market Dynamics

Market Driver

Rise in Demand for Air Travel to Augment Market Growth

The demand for air travel is a key driver for the growth of the market. According to the International Air Transport Association (IATA) the aviation industry is expected to experience sustained growth over the next 20 years, with global passenger numbers anticipated to double to 8.2 billion by 2037. In October 2024, global air travel demand rose by 7.1%, year-over-year reflecting the industry’s ongoing recovery.

As air travel increases, airlines are expanding their fleets to accommodate growing passenger volumes. Thus, aircraft manufacturers are witnessing a surge in orders. For instance, Airbus, a Europe based aircraft manufacturer delivered 735 commercial aircraft in 2023, an 11% increase on 2022. In 2023, Boeing received a total of 1,314 net new orders (1,456 gross orders) prior to ASC 606 adjustments, marking an increase from the 774 net new orders (935 gross orders) recorded in 2022. Both commercial and military aircraft contribute significantly to the aerospace fasteners market, with increasing demand for new aircraft and the maintenance of existing fleets.

Moreover, the number of aircraft orders is expected to increase gradually in 2024 due to rise in air traffic globally. For instance, in December 2024, Pegasus Airlines, a low cost airline based in Turkey orders up to 200 Boeing 737-10 aircrafts to expand and modernize its single-aisle fleet. In addition, the commercial aircraft industry is expected to witness robust recovery growth trajectory over the upcoming years. For instance, according to Boeing’s 2024 Commercial Market Outlook, the industry will require nearly 44,000 new commercial aircraft over the next 20 years.

This increase in aircraft production directly correlates with a higher demand for aerospace fasteners, which are essential components in aircraft assembly and maintenance. As airlines continue expanding their fleets, the need for reliable and advanced fasteners will continue to grow, fueling the growth of the aerospace fasteners industry.

Growing Focus on Lightweight Materials to Propel Market Growth

Aircraft manufacturers such as Airbus and Boeing aim to reduce weight to enhance fuel efficiency, reduced operational costs, and comply with environmental regulations. Lightweight materials such as aluminum alloys, titanium, and advanced composites are essential for reducing the overall weight of aircraft. As a result, several manufacturers are moving away from steel alloy as a material for fasteners and adopting lightweight alternatives, including aluminum.

The rising focus on weight reduction in aircraft manufacturing has driven the development of fasteners made from titanium and aluminum. These materials offer significant weight savings while maintaining strength and durability. In industries such as aerospace, minimizing weight is a priority to optimize aircraft performance and fuel efficiency while reducing environmental impact.

As the demand for more efficient and sustainable aircraft grows, fastener manufacturers have started investing in lightweight fastener technology. For instance, Howmet Aerospace, a leading fastening system manufacturer, provides Aero-Lite pin, a lightweight threaded fastener primarily made from titanium to contribute to aircraft weight reduction.

In addition, companies are innovating fastener designs to further decrease weight. For instance, Howmet Aerospace manufactures GP and LGP lockbolt families with improved lock groove design. This optimization makes the GP and LGP lockbolt systems significantly lighter than comparable threaded fastening systems.

Market Restraint

Stringent Regulatory Norms Hinder the Entry of New Players in the Fasteners Market

The aerospace sector requires highly specialized and technologically advanced fasteners that must meet strict regulatory standards set by organizations such as National Aerospace Standards (NAS), EASA, FAA, and other organizations. The aerospace industry is governed by strict regulations set by authorities such as the Federal Aviation Administration (FAA) and the European Union Aviation Safety Agency (EASA). New entrants must navigate complex certification processes that verify compliance with safety and performance standards

To meet these regulations, manufacturers must invest significantly in research and development, specialized equipment and machines, skilled labor, and high-quality materials. These requirements drive up production costs, impacting profitability and market competitiveness. Thus, the stringent regulatory norms act as a significant barrier to new entrants in the market.

Fluctuating Raw Material Prices May Hamper Market Growth

The prices of key raw materials used in aerospace fasteners, such as titanium, aluminum, and alloy steel, are highly volatile due to global supply chain issues, geopolitical tensions, and shifts in demand. This volatility can lead to unpredictable production costs for manufacturers, making it difficult to maintain stable pricing for customers. Therefore, high production costs and fluctuating raw material prices are significant restraints on the aerospace fasteners market growth.

Raw Material Price Fluctuations

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The pricing data for aluminum from 2016 to 2024 shows significant fluctuations, with prices per tonne recorded at USD 1,467.3 in 2016, USD 2,075.6 in 2018, USD 1,722.9 in 2020, USD 2,816.1 in 2022, and USD 2,282.1 in 2024. These variations stem from economic conditions, supply chain disruptions, and shifting demand across industries.

The aerospace fastener market is particularly sensitive to aluminum prices fluctuations due to extensive use in manufacturing. Rising material costs can disrupt production, making budgeting difficult for manufacturers and increasing fastener prices for buyers, further impacting market dynamics.

The Russia-Ukraine conflict has caused significant disruptions in global energy markets, particularly in Europe, leading to price volatility and increased costs for crude oil, natural gas, and other energy sources. This has escalated manufacturing and shipping expenses, while prices of key raw materials such as nickel and titanium are further affected by inflation, supply shortages, and regulatory measures such as sanctions and import duties. This prompts a shift in sourcing from suppliers in Europe and North America to Asia-based suppliers.

Market Opportunities

Innovation in Fastener Design for Composite Aircraft Structure Presents Significant Growth Prospects

The rising use of composite materials in aircraft structures is driven by the need for lightweight designs. However, traditional fasteners can cause issues such as delamination, overstressing of holes, and galvanic corrosion when used with composites.

The increasing use of composite materials in aircraft structures necessitates more advanced fasteners that can effectively bond laminated surfaces, offer protection against lightning strikes, and enable quicker installation.

Manufacturers such as Howmet Aerospace developed Flite-Tite fasteners, designed specifically to mitigate the effects of lightning strikes on carbon fiber reinforced aircraft. Flite-Tite fasteners are engineered to hold composite airframe sections tightly and securely. The Flite-Tite fastening system incorporates a titanium or steel sleeve that prevents gaps between the composite airframe sections, allowing electrical currents to discharge safely.

The company also manufactures Asp Fasteners with innovative design and functionality, particularly in the context of fastening various materials, including composites. Their design reduces the risk of damage by reducing clamp-up or installation force. Moreover, the Composi-Lok fasteners by Monogram Aerospace are specifically designed for composite laminates while maintaining compatibility with metal structures, providing superior joint integrity. Thus, the development of specialized fasteners that meet the unique requirements of composite materials is expected to present significant opportunities for the market.

Segmentation Analysis

By Material

Aluminum Segment Held the Largest Market Share Due to Lightweight and Cost-effectiveness

On the basis of material, the market is classified into aluminum, titanium, stainless steel, superalloy, and others (brass, silicon bronze, nylon, and composites fasteners).

Aluminum segment held the largest share of the aerospace fasteners market, accounting for 50.1% of the total market and exhibiting the highest CAGR of 9.3%. Approximately 30% of all aluminum is used in the manufacture of aerospace components. The aerospace industry is experiencing a surge in demand for aluminum fasteners due to their lightweight properties and cost-effectiveness. For instance, in January 2020, Sky Climber Fasteners launched a new generation of aluminum aerospace fasteners designed to enhance performance while maintaining lightweight characteristics. They have developed the Rhino Hybrid Nut, which utilizes aluminum and other softer materials combined with unique locking inserts. As commercial aviation continues to expand, manufacturers increase the production to meet growing needs of aircraft OEMs for timely deliveries of components, including fasteners.

The superalloy segment is expected to grow fastest during the forecast period owing to the growing need for fasteners that can withstand extreme temperatures, mechanical stresses, and corrosive environments. Rising use of superalloy fasteners in high-temperature components such as aircraft engines, combustion chamber, and landing gear is expected to boost segment growth.

Moreover, the titanium fasteners including Ti-6Al-4V titanium alloy are used in the aircraft engines, and landing gear assemblies. As titanium alloys provide the necessary strength without significantly increasing weight. It is widely used in aerospace fastener applications where minimizing weight is crucial. Titanium fasteners are used in major components such as landing gear, engine mounts, and airframe structures, where high strength and resistance to fatigue and corrosion are vital.

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By Superalloy Material

A286 Segment to Hold the Largest Share Due to Increasing Demand for Durable Materials in Aircraft Engines

On the basis of superalloy material, the market is classified into A286, Inconel 718, Waspaloy, and others. The A286 segment is projected to remain the dominant component in the global aerospace fasteners market. A286 is known for anti-corrosion properties, making it suitable for airframe, engine, interiors, and lower-temperature engine applications such as turbine disks and blades, turbine wheels, engine frames, casings, and afterburner parts. A286 fasteners are primarily utilized in jet engines, where they are critical for components such as turbine blades, afterburners, and exhaust nozzles. As aircraft designs evolve, there is a rise in need for materials that can endure extreme conditions while maintaining structural integrity. Therefore, the rise in use of A286 fasteners in aircraft engine systems is expected to drive the growth of the segment during the forecast period.

The Inconel 718 segment is estimated to grow at a significant CAGR in the forecast period.  Manufacturers are increasingly using high-performance alloys such as Inconel to produce fasteners capable of maintaining structural and surface integrity in extreme conditions. Inconel 718 Fasteners are often used in applications that require strength and reliability. These fasteners are gaining popularity as it can withstand extreme temperatures, pressure, and corrosive environments without losing their structural integrity or performance levels. Therefore, the rise in use of Inconel fasteners in aircraft engines, gas turbines, and other critical applications is expected to increase the demand for the superalloy fastener.

Waspaloy fasteners are used in gas turbine blades, shafts, seals, and turbine disks of aircraft. Waspaloy and MP35N / MP159 material fasteners are installed on aircraft engines. Waspaloy is being utilized in turbine engine components, including blades and discs.

Others comprise of superalloy material such as monel, MP35N, Hastalloy, Rene 41 & Rene 80

By Superalloy Material Application

Engine Segment Holds the Largest Market Share Due to Their Ability to Withstand Extreme Temperatures and High Mechanical Stresses

On the basis of application, the market is classified into airframe, engine, interiors, and others.  Engine segment dominated the aerospace fasteners market. Superalloys are extensively used in aircraft engines due to their significant properties that meet the demanding requirements of aerospace applications. These alloys, primarily nickel-based, are designed to withstand extreme temperatures, high mechanical stresses, and corrosive environments. Superalloys maintain their strength and structural integrity at elevated temperatures, often exceeding 1,200°F (650°C). Increasing use of superalloy fasteners in securing critical engine components is expected to fuel the growth of the market.

The airframe segment is estimated to be the fastest-growing segment owing to increase in aircraft deliveries as there is surge in global air travel. Fasteners securely join various components of the airframe, such as the fuselage, wings, empennage, and landing gear, ensuring structural integrity under extreme flight conditions. The rise in global air travel has led to an increase in aircraft deliveries, particularly in the commercial aviation sector. Airlines are expanding their fleets to accommodate growing passenger numbers, which directly fuels the demand for fasteners used in airframe construction and assembly.                      

Aerospace Fasteners Market Regional Outlook

On the basis of region, the aerospace fasteners market is studied across North America, Europe, Asia Pacific, and Rest of the World.

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The market is growing significantly in the North America, Europe, Asia region. North America currently holds the largest market share in the aerospace super alloy fasteners and is likely to remain dominant throughout the forecast period. According to Boeing’s forecast, demand for 4,000 new airplanes is projected by 2043 due to rise in air travel. North America, particularly the U.S., plays a significant role in the global aerospace fasteners market, accounting for approximately 20% of total airplane deliveries through 2043. Honeywell forecasts that 66% of the new jet deliveries over the next five-years, aligning with historical demand patterns. Moreover, presence of major players such as Stanley Black & Decker, Inc., Howmet Aerospace, Inc., Precision Castparts Corp., TriMas Corporation, B&B Specialties in the region is expected to drive the growth of the market.

Europe is the key region in the aerospace fasteners market due to the presence of major aircraft manufacturers. Europe ranks second-highest in the aerospace fasteners market share, with steady growth expected during the study period due to increased demand from developed countries such as France, the UK, Russia, Italy, and Germany. There is extensive use of superalloys in aircraft engines to withstand extreme conditions which is expected to further support market growth in the region. Moreover, the presence of aircraft engine manufacturers such as Safran SA, Rolls-Royce plc and MTU Aero Engines AG, also drives the demand for superalloy aerospace fasteners.

Asia Pacific aerospace fastener market is experiencing significant growth due to rising air travel demand and rise in investments in aerospace manufacturing. The market is experiencing robust growth in countries such as China, South Korea, India South Korea owing to the expanding aircraft manufacturing sector. According to Airbus, the Asia-Pacific region is expected to experience an annual growth rate of 4.8% in passenger traffic. This increase in air travel necessitates a greater number of aircraft, leading to high aerospace fasteners market demand. With the region projected to account for 22% of total airplane deliveries, the demand for aerospace fasteners is anticipated to rise. Labor shortages, inflation-driven cost pressure, and disruptions caused by the Russia-Ukraine War, have impacted the production capacity of the aerospace fastener manufacturers in North America and Europe. In response, major aerospace engine manufacturers are shifting their supply strategies toward Asian suppliers to mitigate these challenges.

In rest of the world, regions such as Latin America and the Middle East, the aerospace fasteners market, particularly for superalloy fasteners, is growing at a moderate pace. The Middle East & Africa region are expected to grow at a significant rate in the aerospace fasteners market due to growing air travel across the region. Expansion of fleet by various airlines in the region along with the modernization of military capabilities, significantly contributes to market growth.

Competitive Landscape

Key Market Players

Key Players Focus on the Development of Technologically Advanced Products to Enhance Their Market Presence

Prominent market players are prioritizing the advancement of their product offerings. The development of a diverse range of products and rise in investment in research and development are key factors contributing to the market dominance of these players. Key fasteners companies are focusing on developing lightweight and high-strength fasteners. Several Key players in the aerospace fasteners are actively engaging in various strategies to enhance their market presence and respond to the growing demand for aircraft engines.

LIST OF KEY AEROSPACE FASTENERS COMPANIES PROFILED

• Howmet Aerospace (U.S.)
• Precision Castparts Corp. (Berkshire Hathaway Inc.) (U.S.)
• LISI AEROSPACE (France)
• TriMas Aerospace (U.S.)
• Stanley Black & Decker, Inc. (U.S.)
• National Aerospace Fasteners Corporation (Taiwan)

KEY INDUSTRY DEVELOPMENTS

• September 2024: LISI AEROSPACE in partnership with University of Sheffield Advanced Manufacturing Research Centre (AMRC) successfully implemented a smart production line at LISI's Rugby facility, enhancing productivity in the aerospace fastener industry. This collaboration aims to innovate production processes, ensuring LISI maintains competitiveness in a challenging market.
• July 2024: Howmet Aerospace Inc. announced an expansion of its operations in Morristown, Tennessee, with a USD 27.9 million investment and the creation of 50 new jobs. This announcement was made in conjunction with the Farnborough International Airshow in the U.K., highlighting the company's commitment to growth and innovation.
• June 2022: TriMas Aerospace announced the expansion of its defense business through multi-year contracts awarded by Boeing for the T-7A Red Hawk training jet program. The contracts involve RSA Engineered Products, which would supply components including fasteners used in fluid conveyance applications, specifically within the air ducting system.
• March 2021: LISI AEROSPACE entered into an agreement with the airplane manufacturer Boeing to provide 6,000 different aircraft parts including fasteners along with assembly components. The agreement is aimed to support Boeing programmes (737, 747, 767, 777, 787).
• February 2021: LISI Aerospace (BAI UK) and the University of Sheffield Advanced Manufacturing Research Centre (AMRC) secured USD 126,6455.8 (£975,000) in funding from the Aerospace Technology Institute (ATI) to enhance productivity, explore new markets, and minimize waste in the fastener industry through Industry 4.0 technology integration.

REPORT COVERAGE

The report provides a detailed analysis of the market and focuses on important aspects such as key players operating in the aerospace fasteners industry, material, application, superalloy material depending on various regions. Moreover, the research report offers market insights into the Aerospace Fasteners market trends, competitive landscape, market competition, and market status and highlights key industry developments. Additionally, it encompasses several direct and indirect factors that have contributed to the growth of the global market in recent years.

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Report Scope & Segmentation