From GlobeNewswire: 2025-05-21 10:09:00

The global aerospace fasteners market is growing due to increased orders and production of narrow-body aircraft. North America leads, Asia-Pacific is the fastest-growing region. Key players include Howmet Aerospace, Arconic Inc., and more. The market is expected to reach $4,044.12 million in 2024 and $6,161.15 million by 2031 with a CAGR of 6.0%.

Titanium fasteners are popular in the aerospace industry due to their strength, lightness, and corrosion resistance. The use of titanium fasteners is increasing in aircraft assemblies, engines, and structures. The demand for lightweight parts is driving the adoption of titanium fasteners globally.

Emerging economies are seeing a rise in MRO activities, boosting demand for aerospace fasteners. Major players like MTU Maintenance and Guangzhou Aircraft Maintenance Engineering Co. are leading the MRO services in the Asia Pacific region. The growth in middle-class travelers is also increasing the need for aircraft maintenance services.

The aerospace industry is experiencing a surge in orders and production of narrow-body aircraft, driving the demand for fasteners. Airlines are expanding to smaller airports, increasing the need for aircraft brackets. In 2023, Boeing received an order for 15 units of 737-9 airplanes, supporting long-haul services.

North America led the market in 2024, followed by Europe and Asia-Pacific. Asia-Pacific is expected to have the highest CAGR. The aerospace fasteners market is segmented by material type, application, aircraft type, and product type, with titanium fasteners dominating in 2024.

In conclusion, the aerospace fasteners market is witnessing significant growth globally, with key players like TriMas and LISI Aerospace making strategic acquisitions. The industry is expected to continue growing, driven by increased aircraft production and maintenance demands across regions.



Read more at GlobeNewswire: Aerospace Fasteners Market Size to Grow from $4.04 Billion