Aerospace Fasteners Market is expected to reach US$ 6161.15 Million by 2031

Rising Number of Orders and Production of Narrow Body Aircraft Fuels Aerospace Fasteners Market Growth

According to our latest study, "Aerospace Fasteners Market Size and Forecast (2021–2031), Global and Regional Share, Trend, and Growth Opportunity Analysis – by Material Type, Application, Aircraft Type, Product Type and Geography," the market was valued at US$ 4,044.12 million in 2024 and is expected to reach US$ 6161.15 million by 2031; it is estimated to record a CAGR of 6.0% from 2025 to 2031. The report includes growth prospects owing to the current aerospace fasteners market trends and their foreseeable impact during the forecast period.  

The report includes the global aerospace fasteners market forecast by material type, application, aircraft type, product type, and geography. Based on material type, the aerospace fasteners market is segmented into superalloys, aluminum, stainless steel, titanium, and others. By application type, the aerospace fasteners market is segmented into airframes, engines, interiors, and others. As per aircraft type, the aerospace fasteners market is segmented into fixed-wing and rotary-wing. Per product type, the aerospace fasteners market is segmented into screws, rivets, nuts/bolts, and others. The aerospace fasteners market has also been analyzed based on five major regions: North America, Europe, Asia Pacific, Middle East & Africa, and South America. 

Aerospace Fasteners Market Analysis — by Region (%, 2024)

Source: The Insight Partners Analysis

Metline Industries; AA Metals, Inc.; High Performance Alloys, Inc.; Haynes International; Industrial Metal Supply Co.; Murphy and Nolan, Inc.; Carpenter Technology Corporation; M & K Metal Co.; Songshun Steel; Ocean State Stainless, Inc.; Titanium Industries, Inc.; TIMET; Magellan Metals; Ryerson; Remington Industries; and Marsh Fasteners are major companies offering stainless steel, titanium, composite materials, and superalloys as raw materials to the product manufacturers. The production of a standard M6 bolt (6 mm diameter, 1.0 mm pitch) might need approximately 10–15 grams of raw material, considering the individual design and manufacturing procedure. For larger fasteners, such as an M20 bolt, the requirement might increase to 50–100 grams or more. To be more precise, ~1 ton (1,000 kg) of aerospace fasteners are fabricated with 1,333 kg of raw material, considering manufacturing efficiencies and raw material losses, as well as assuming a standard waste range between ~10% and 25%. This quantity also depends upon the type of fasteners being produced and the amount of work done on the workpieces. This estimate can change based on the definite types of fasteners being fabricated and the materials deployed.

Precision Castparts Corp., LISI Aerospace SAS, TriMas Aerospace, National Aerospace Fasteners Corp., Howmet Aerospace Inc., STANLEY Engineered Fastening, Saturn Fasteners, Inc., B&B Specialties, Inc., Raychin Limited, and MS Aerospace are key players profiled during the aerospace fasteners market report. Other essential market players have also been studied and analyzed to get a holistic view of the global aerospace fasteners market and its ecosystem.   

The scope of the aerospace fasteners market report focuses on North America (US, Canada, and Mexico), Europe (Germany, France, Italy, UK, Russia, and the Rest of Europe), Asia Pacific (Australia, China, India, Japan, South Korea, and Rest of Asia Pacific), Middle East & Africa (South Africa, Saudi Arabia, UAE, and the Rest of MEA), and South America (Brazil, Argentina, and the Rest of SAM). North America accounted for the largest aerospace fasteners market share in 2024, followed by Europe and Asia Pacific.

The North America aerospace fasteners market is segmented into the US, Canada, and Mexico. The US accounted for the largest North America aerospace fasteners market share in 2024, and it is expected to retain its dominance during the forecast period. Aviation is one of the most notable industries in the US. According to data released by Airlines for America in 2023, commercial aviation accounted for ~5% of US GDP and US$ 1.25 trillion in 2022. More than 25,000 flights from the US to nearly 80 countries carry 2.5 million passengers every day. In addition, the country handles more than 59,000 tons of cargo sent and received worldwide. The increasing number of aircraft in the US military and commercial sectors is a major factor driving the aerospace fasteners market, as companies deploy advanced aircraft components integrated with fasteners to ensure safe, fast, and smooth operations. The increasing adoption of lightweight aircraft fasteners in various aircraft components strengthens market penetration in the US.

In the long term, aviation demand is determined by economic activity, and the growing US and global economy offers the basis for the expansion of the aviation sector. As per the FAA 2024 forecast, domestic passenger growth for US airlines will average ~2.5% per year over the next 20 years. This average includes robust growth in 2024 as activity returns to pre-pandemic levels. Annual domestic passengers in 2025 are forecast to exceed 2019 levels by 6-7%. Thus, the increase in the number of air passengers and aircraft fleets in the country is anticipated to fuel the demand for aircraft fasteners during the forecast period.

In June 2023, RTX announced its Collins Aerospace division. Collins Aerospace entered into a multi-year FlightSense flight-hour contract with Envoy Air. This agreement entails the provision of comprehensive MRO services for various systems installed on Envoy Air's fleet of 128 Embraer E175 aircraft. The scope of Collins' responsibilities under this contract encompasses electric power systems, fire protection systems, and sensors. This collaboration signifies a strategic partnership aimed at ensuring the operational reliability and safety of Envoy Air's aircraft fleet. The contract signifies an increase in MRO service activity, particularly for Collins Aerospace, leading to a higher volume of work for MRO providers in the US. This trend drives the aerospace fasteners market growth in the US.

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