Aerospace Fasteners Market to Grow at a CAGR of 10.3% over 2025 to 2031; Rising Adoption of High-Performance Materials to Encourage the Growth of the Market

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. Fortune Business Insights™ presents this information in its report titled “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 Application (Airframe, Engine, Interiors, and Others), and Regional Forecast, 2025-2031”.

Aerospace fasteners play a vital role in securing aircraft structures such as the fuselage, wings, and flight control surfaces. Available in various types, including bolts, nuts, and rivets, they are manufactured from aluminum alloys, high-strength steel, titanium, and superalloys.

The aerospace sector is increasingly utilizing high-performance materials such as Inconel, Waspaloy, and A286 for engine components and structural parts. These alloys offer exceptional corrosion resistance, high strength, and oxidation resistance, making them essential for aircraft engines, turbines, and exhaust systems, propelling the market.

LISI Aerospace and AMRC Received USD 1.2 Million Funding to Enhance Productivity

LISI Aerospace (BAI UK) and the University of Sheffield AMRC received USD 1.2 million in ATI funding in February 2021. The initiative focuses on leveraging Industry 4.0 technologies to boost efficiency, expand market reach, and minimize waste in the aerospace fastener sector. Both companies worked closely with tooling providers and machine builders throughout the 27-month programme of work to make the process more efficient.

Rise in Demand for Air Travel to Drive the Growth of the Market

The aviation industry is experiencing sustained growth, with global passenger numbers expected to double to 8.2 billion by 2037, as per IATA. Increasing air travel demand is driving airlines to expand their fleets, leading to higher production of new aircraft and greater demand for aerospace fasteners. Moreover, aircraft manufacturers are experiencing a rise in orders to meet expanding passenger demand. Airbus delivered 735 aircraft in 2023 (an 11% increase from 2022), while Boeing secured 1,314 net new orders. This rise in aircraft production is directly fueling the demand for the product used in assembly and maintenance.

The heightened focus of airline manufacturers such as Boeing and Airbus to reduce operational costs and improve fuel efficiency has spurred the demand for the product to a great extent. Moreover, the growing need for efficient and sustainable aircraft has led players such as Howmet Aerospace to increase their investments in lightweight fastener technology, boosting the growth of the market.

However, compliance with strict standards set by organizations such as FAA, EASA, and NAS creates high entry barriers for new players, hindering aerospace fasteners market growth.

Industry Participants Focus on Investments to Meet Industry Demands

Aerospace fastener manufacturers are investing in R&D to develop advanced, lightweight, and high-strength solutions. Innovation and diverse product portfolios are key to maintaining market leadership. As aircraft production grows, companies are adopting strategic expansion efforts to meet industry demands efficiently.

List of Key Players Mentioned in the Report

• 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)

To get a detailed report summary and research scope of this market, click here:

https://www.fortunebusinessinsights.com/industry-reports/aerospace-fasteners-market-101582

Key Industry Development

• January 2020- With the USD 1.5 billion acquisition of Consolidated Aerospace Manufacturing (CAM), Stanley Black & Decker, Inc. has diversified its industrial market presence and broadened its aerospace and defense fastener offerings.

Further Report Findings

• In North America, the market is set to capture the key aerospace fasteners market share, fueled by strong aircraft demand. Boeing projects 4,000 new airplane deliveries by 2043, with 20% of global deliveries occurring in the region. Honeywell forecasts that North America will receive 66% of new jets over the next five years. The presence of key industry players such as Howmet Aerospace and Precision Castparts Corp. further supports market growth.
• Europe remains a key player in the aerospace fasteners market, ranking second in global share. The market is fueled by strong aircraft demand from developed nations and the increasing use of superalloy fasteners in aircraft engines to withstand extreme conditions. Major manufacturers, including Safran SA, Rolls-Royce plc, and MTU Aero Engines AG, further drive market expansion.
• In terms of superalloy material, the market is fragmented into A286, Inconel 718, Waspaloy, and others. The A286 segment is poised to hold the apex position in the global market, driven by its anti-corrosion properties, which makes it suitable for lower-temperature engine applications such as turbine wheels, engine frames, casings, afterburner parts, and turbine disks and blades.

Table of Segmentation