Product ID: SQMIG20A2089
Global Aerospace Fasteners Market Size, Share, Growth Analysis, By Product(Nuts & Bolts, Rivets), By Material(Aluminum, Alloy Steel) - Industry Forecast 2024-2031
Report ID:
SQMIG20A2089 |
Region:
Global |
Published Date: March, 2024
Pages:
202
|
Tables:
63 |
Figures:
77
Global Aerospace Fasteners Market Insights
Global Aerospace Fasteners Market size was valued at USD 4.90 billion in 2022 and is poised to grow from USD 5.28 billion in 2023 to USD 9.55 billion by 2031, growing at a CAGR of 7.70% during the forecast period (2024-2031).
Fasteners make up the majority of an aircraft's parts despite their modest size and classification as small C-Class items. For Instance, the Boeing B747 contains over six million parts, of which half are fasteners. The aerostructure is a crucial part of the aeroplane because aerospace fasteners give it stability and rigidity. Due to the continuously increasing air traffic in the high-growth area, the aviation industry has seen a significant demand for commercial aircraft. Aircraft producers like Bombardier, Boeing, Embraer, and Airbus are increasing their manufacturing capacity as a result to meet the demand for new aeroplane orders and to clear existing aircraft backlogs. In order to meet demand for diverse aircraft systems, the various aircraft part suppliers concentrate on speeding up production.
US Aerospace Fasteners Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Aerospace Fasteners Market Report Snapshots
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