The Growing Market of Aerospace Fasteners
Aircraft fasteners are a necessary part in a vast array of commercial aircraft, military aircraft, missiles, rockets, and a variety of other aerospace machinery. While fasteners are a seemingly small, insignificant part, they have a great effect on the functionality and efficiency of an aircraft. Consistency and effectiveness are achieved only through expert measuring, alignment, and installation. To meet the strenuous requirements of the aerospace industry, fasteners must be planned, engineered, and implemented diligently. Proper, precise fitting of fasteners can eliminate the need for other materials, shedding weight and helping an aircraft thrive.
Commonly used fasteners in the aerospace industry include screws, bolts, rivets, nuts, hi-locks, and pins. Constant demand means the aerospace fasteners market grows at a steady rate. Between 2017 and 2023, the market is expected to expand at a compound annual growth rate of nearly 8%. The growth of any market often sees emergence of new regions wanting a piece of the pie, and aerospace fasteners are no different. Mexico, Brazil, India, and North Africa are just a few regions where production of aerospace fastener parts is rapidly rising.
Although markets all around the world are growing, the Americas are still the kingpin of the aircraft fastener market, accounting for over 40% of production. This is because massive aerospace companies like Boeing, Bombardier, Gulfstream, and Embraer all call North or South America home. The United States is making significant investments in newer, more advanced fastening systems that will be implemented in fighter jets and other modern airplanes like the Boeing 787. Although Brazil and Canada make large investments in fasteners, the market in the Americas is still led by the U.S, dominated by companies like 3V Fasteners, Alcoa, B&B Specialties, KLX, LISI Aerospace, and Stanley Aerospace Fastening.
At Aerospace Buying, owned and operated by ASAP Semiconductor, we can help you find all the unique parts for the aerospace, civil aviation, and defense industries. We’re always available and ready to help you find all the parts and equipment you need, 24/7-365. For a quick and competitive quote, email us at email@example.com or call us at +1-434-321-4470.