Aerospace Fasteners Market Growth And Forecast Report To 2020: Radiant Insights, Inc.

RadiantInsights.com includes new market research report on “Global Aerospace Fasteners Market Size, Share And Trends Report Up To 2020: Radiant Insights To 2020” to its huge collection of research reports.

Market outlook of aerospace fasteners

Global aerospace fasteners market to steadily during the forecast period, posting a CAGR of more than 7%. Aerospace fasteners are widely used in commercial and military aircraft, ballistic missiles and rockets, and they are also offered in aftermarket service. The aerospace industry makes use of a wide range of fasteners such as bolts, nuts, screws, rivets, pins, and hi-locks.

The growing demand for air travel worldwide has resulted in an increased demand for commercial aircraft fleet, which is a major driver stimulating the growth of the aerospace fasteners market globally. Many countries are investing in the acquisition of military planes, helicopters, and transport aircraft. The aerospace fastener manufacturers are increasingly focusing on emerging regions like Mexico, Brazil, India, and North Africa because of their high demand for aircraft. This offers opportunities for third-party companies to collaborate with OEMs and open MRO service centers in these regions.

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Segmentation by application of the aerospace fasteners market 

• Commercial aerospace
• Military aerospace

With a market share of more than 59%, the commercial aerospace segment holds the largest share of the global aerospace fasteners market in 2015. The commercial aerospace market is predicted to reach approximately $5 billion in revenue and will continue its dominance until 2020.

Geographical segmentation of the aerospace fasteners market

• Americas
• APAC
• EMEA

At present, the Americas dominates the aerospace fasteners market with many attractive investments contributing to its growth. The mergers of major airlines in the US is one of the main reasons driving the growth of the market as these airlines are investing in advanced technology and upgrading fasteners to enhance their flight safety and operations, thus having a positive impact on the market.

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Competitive landscape and key vendors

Since mergers and acquisitions, coupled with increased collaboration with alliance partners worldwide, will drive the market during the forecast period, the market is likely to witness a growing trend of local acquisitions by the leading players. Such acquisitions will augment the position of the company in the market and facilitate direct access to local customers. Providing cost-effective and high-quality aerospace fasteners with the latest technology and materials is another key factor to stay competitive in the market.

The leading vendors in the market are:

• 3V Fasteners
• Alcoa
• B&B Specialties
• KLX
• LISI Aerospace

The other prominent vendors of the market include CDP Fastener Group, National Aerospace Fasteners, Stanley Aerospace Fastening, TFI Aerospace, and Wesco Aircraft Holdings.

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About Radiant Insights

Radiant Insights is a market research and consulting company offering syndicated research studies, customized reports, and consulting services. Our market research studies are designed to facilitate strategic decision making, on the basis of extensive and in-depth quantitative information, supported by extensive analysis and industry insights. Using a patented and robust research methodology, we publish exhaustive research reports covering a host of industries such as Technology, Chemicals, Materials, and Energy. Radiant Insights has a strong base of analysts, consultants and domain experts, with global experience helping us deliver excellence in all research projects we undertake.

Web: http://www.radiantinsights.com/

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