Aerospace Stainless Steel And Superalloy Fasteners Market Forecast and Growth 2031

Historic Data: 2021-2023   |   Base Year: 2024   |   Forecast Period: 2025-2031

Aerospace Stainless Steel And Superalloy Fasteners Market Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Material Type [Stainless Steel, Superalloy (A286, Inconel 718, Waspaloy, and Others)], Application (Airframe, Engine, Interior, and Others), Aircraft Type (Fixed Wing and Rotary Wing), Product Type (Screws, Rivets, Nut/Bolts, and Others), and Geography

  • Report Date : Mar 2025
  • Report Code : TIPRE00039400
  • Category : Aerospace and Defense
  • Status : Published
  • Available Report Formats : pdf-format excel-format
  • No. of Pages : 233
Page Updated: Apr 2025

AI overview of Aerospace Stainless Steel And Superalloy Fasteners Market


The Aerospace Stainless Steel And Superalloy Fasteners Market is poised for significant growth, projected to reach a market size of US$ 1.33 billion by 2031, up from US$ 0.82 billion in 2024, reflecting a robust CAGR of 7.8% from 2025 to 2031. This growth is driven by an increasing number of maintenance, repair, and overhaul (MRO) activities in emerging economies, alongside a rising demand for general aviation aircraft and helicopter deliveries. Key trends include a focus on sustainability in aerospace manufacturing and the retrofitting of older aircraft fleets. As the market evolves, the adoption of lightweight material-based fasteners is expected to enhance efficiency and performance, further shaping the Aerospace Stainless Steel And Superalloy Fasteners Market landscape.


The aerospace stainless steel and superalloy fasteners market size is projected to reach US$ 1.33 billion by 2031 from US$ 0.82 billion in 2024. The market is expected to register a CAGR of 7.8% during 2025–2031. Growing focus on fabricating sustainability in aerospace manufacturing is likely to emerge as a new trend in the market in the coming years.

Aerospace Stainless Steel And Superalloy Fasteners Market Analysis

The key factors fueling the growth of the aerospace stainless steel and superalloy fasteners market include an increasing number of MRO activities in emerging economies, a growing number of general aviation aircraft and helicopter deliveries, and a rising number of orders and production of narrow body aircraft. Moreover, the integration of simulation technologies is projected to create opportunities for the key players operating in the market during the forecast period.

Aerospace Stainless Steel And Superalloy Fasteners Market Overview

The aerospace stainless steel and superalloy fasteners market is segmented into North America, Europe, and Asia Pacific. The presence of several manufacturers and suppliers of stainless steel and superalloy fasteners in these regions drives the market. TriMas; Precision Castparts Corp.; Howmet Aerospace Inc.; LISI Aerospace SAS; Saturn Fasteners, Inc.; National Aerospace Fasteners Corp.; and Raychin Limited are among the key players based in North America, Europe, and Asia Pacific.

In June 2024, Airbus' A330-900 flight-test aircraft—MSN1795/F-WTTN—flew to Toluca in Mexico and then to La Paz in Bolivia. The test was a part of Airbus's high-altitude test campaign. Airbus is focusing on increasing production of the A350 and A330neo and working on the potential launch of an A330neo-based freighter. Airbus supplied 735 commercial aircraft in 2023, which is a ~11% increase from 2022. Airbus accounted for overall 2,319 orders of commercial aircraft, comprising 1,835 A320 Family and 300 A350 Family aircraft. In 2023, Boeing delivered a total of 528 aircraft, including 396 Boeing 737 jets and 73 Dreamliners. Additionally, in May 2024, IndiGo collaborated with Embraer, ATR, and Airbus to order approximately 100 smaller planes as it targets to widen its regional network. Thus, continuous development in the commercial aircraft sphere is projected to propel the growth of the aerospace stainless steel and superalloy fasteners market in the coming years. Also, the growing demand for stainless steel and superalloy fasteners in the aerospace sector, owing to the rising number of new aircraft fleet production and increasing MRO services, is boosting the growth of the market in North America, Europe, and Asia Pacific.

The air passenger traffic is expanding at a continuous pace, which has driven the airlines to mount their flight movements and commence new aircraft. Aircraft MRO activities are fundamental in maintaining component accessibility, consistency, and quality. Airline operators depend on MRO services to ensure the safety of the aircraft and improve fuel efficiency, which impacts the growth of the aerospace stainless steel and superalloys fasteners market.

The demand for maintenance and repair of aircraft parts is witnessing a surge in Asia Pacific. Growth in the aviation industry can be more concentrated in Asia Pacific, particularly in China and India. Also, Singapore and Malaysia are a few of the major contributors to the growth of the aircraft MRO services sector, which is having a positive impact on the aerospace stainless steel and superalloys fasteners market. Asia Pacific is projected to experience robust growth in the aviation industry, which is likely to boost the demand for aerospace fasteners in the coming years.

The rise in investment to expand aircraft fleets across Europe and North America also contributes to the growth of the aerospace stainless steel and superalloy fasteners market in these regions. In addition, an increase in government initiatives to finance or invest in military and defense aircraft to enhance safety and strengthen the defense sectors of these regions is projected to propel the aerospace stainless steel and superalloy fasteners market growth during the forecast period. Moreover, the growth of the tourism industry in countries in Asia Pacific, such as India, Indonesia, Thailand, and Singapore, is projected to fuel the demand for aircraft fleets, boosting the aerospace stainless steel and superalloy fasteners market growth.

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Aerospace Stainless Steel And Superalloy Fasteners Market: Strategic Insights

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Aerospace Stainless Steel And Superalloy Fasteners Market Drivers and Opportunities

Rising Number of Orders and Production of Narrow Body Aircraft

The aerospace industry has been developing rapidly over the years, recording a substantial number of aircraft production and deliveries. This has demonstrated massive order volumes for various commercial aircraft manufacturers across the globe. Commercial aviation is anticipated to surge in the coming years with an increase in air travel passengers and aircraft volumes. The increase in orders of narrow body passenger and commercial aircraft across the globe drives the demand for aircraft brackets. With the growing number of air travel passengers, airlines are emphasizing expanding to more remote locations by launching routes to smaller city airports. With the mounting number of aircraft and airports, the demand for fasteners is also increasing. In 2023, Boeing and Greater Bay Airlines (GBA) received an order for 15 units of 737-9 airplanes. The agreement also incorporates a pledge for five 787 Dreamliners to support GBA's long-term strategy to introduce international long-haul service.

Airbus estimates that ~40,850 new passenger and cargo aircraft will be delivered from 2023 to 2042, of which approximately 32,630 will be typical single-aisle aircraft and 8,220 will be typical wide body aircraft. In addition, the requirement for freight aircraft is projected to reach ~2,510 aircraft, with around 920 newly built freight aircraft during the same timeframe. Thus, the rising number of orders and production of narrow body aircraft boosts the aerospace stainless steel and superalloys fasteners market growth.

Surge in Global Aircraft Fleet Size

As per Insight Partners analysis and various aerospace industry resources in 2024, the total number of existing commercial aircraft was more than ~28,395 across the globe, including over 17,260 narrow body aircraft; approximately 5,755 widebody aircraft; ~3,040 regional jets; and ~2,334 Turboprop. Furthermore, by 2034, the total number of commercial aircraft is anticipated to be approximately more than 36,400 worldwide, including over 22,974 narrow body aircraft; ~7,400 widebody aircraft; approximately 3,465 regional jets; and ~2,565 Turboprop. China and India are projected to show more than 3.5% growth in air travel from 2023 to 2042. In addition, according to the ch-aviation data on aircraft fleet orders from across the world, as of June 2023, the US accounted for the highest number of aircraft orders (excluding military aircraft and aircraft with unknown operator/engine) worldwide with a total of 3,147 aircraft on order—followed by Ireland, China, and India with 1,247; 1,239; and 888 aircraft orders, respectively. According to the same data, the top five consumers with aircraft orders are United Airlines, IndiGo Airlines, Lion Air, Air Lease Corporation, and AirAsia, among which two are based in Asia Pacific. Further, according to the various aerospace industry sources analysis, the total commercial aircraft fleet size in Asia Pacific stood at 8,653 in 2024, which is likely to reach approximately 11,582 aircraft by the end of 2034. Engine and airframe maintenance and repair appear to be the most prominent in 2024. Thus, the growing global aircraft fleet size is expected to generate new opportunities for aircraft component suppliers, including stainless steel and superalloy fasteners manufacturers, in the coming years.

Aerospace Stainless Steel And Superalloy Fasteners Market Report Segmentation Analysis

Key segments that contributed to the derivation of the aerospace stainless steel and superalloy fasteners market analysis are material type, application, aircraft type, and product type.

  • Based on material type, the aerospace stainless steel and superalloy fasteners market is divided into stainless steel and superalloys. The stainless steel segment held a larger share of the market in 2024. Also, the superalloy segment is further segmented into A286, Inconel 718, Waspaloy, and others.
  • By application, the market is segmented into airframe, engine, interior, and others. The airframe segment held the largest share of the market in 2024.
  • Based on aircraft type, the market is divided into fixed wing and rotary wing. The fixed wing segment held a larger share of the market in 2024.
  • Based on product type, the market is categorized into screws, rivets, nut/bolts, and others. The nut/bolts held the largest share of the market in 2024.

Aerospace Stainless Steel And Superalloy Fasteners Market Share Analysis by Geography

The geographic scope of the aerospace stainless steel and superalloy fasteners market report is mainly divided into three main regions: North America, Asia Pacific, and Europe. Asia Pacific dominated the aerospace stainless steel and superalloy fasteners market in 2024; it is likely to continue its dominance during the forecast period. Asia Pacific is a large aviation consumer base with more than 4 billion people and dynamic economies that together generate ~35% of global GDP. According to The Insight Partners analysis, in 2024, Asia Pacific had a fleet of more than 4,525 operational commercial aircraft, which is expected to reach ~5,150 commercial aircraft fleet by the end of 2034. Asia Pacific had more than ~2,263 operational narrow body commercial aircraft, and the number is expected to reach ~2,465 by the end of 2034. Further, Asia Pacific had more than ~1,360 operational wide body commercial aircraft, which is expected to reach ~1,655 by the end of 2034. The aviation industry in the region makes a crucial contribution to its social and economic development. The growth of Asia Pacific has been primarily attributed to the wide range of income levels and the rapidly growing middle class. This resulted in robust order gains from the fast-developing economies of Asia Pacific, such as India and China. Asia Pacific is expected to offer ample opportunities for fasteners providers in the future. Asia Pacific has several growing economies, which are leading the growth of a variety of sectors, including aerospace, military & defense, and technology. Asia Pacific has witnessed heavy imports of modern commercial aircraft in recent years due to the increasing number of international travelers from countries such as India, China, Japan, and Taiwan. The number of airports in the region is increasing, which, in turn, boosts the demand for aircraft fleets from airline companies.

Aerospace Stainless Steel And Superalloy Fasteners Market Regional Insights

The regional trends and factors influencing the Aerospace Stainless Steel And Superalloy Fasteners Market throughout the forecast period have been thoroughly explained by the analysts at The Insight Partners. This section also discusses Aerospace Stainless Steel And Superalloy Fasteners Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

aerospace-stainless-steel-and-superalloy-fasteners-market-global-geography
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Aerospace Stainless Steel And Superalloy Fasteners Market Report Scope

Report Attribute Details
Market size in 2024 US$ 0.82 Billion
Market Size by 2031 US$ 1.33 Billion
Global CAGR (2025 - 2031) 7.8%
Historical Data 2021-2023
Forecast period 2025-2031
Segments Covered By Material Type
  • Stainless steel
  • Superalloy
By Application
  • Airframe
  • Engine
  • Interiors
By Aircraft Type
  • Fixed Wing
  • Rotary Wing
By Product Type
  • Screws
  • Rivets
  • Nut/Bolts
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America
Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa
Market leaders and key company profiles
  • 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
  • MS Aerospace

  • Aerospace Stainless Steel And Superalloy Fasteners Market Players Density: Understanding Its Impact on Business Dynamics

    The Aerospace Stainless Steel And Superalloy Fasteners Market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

    Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

    Major Companies operating in the Aerospace Stainless Steel And Superalloy Fasteners Market are:

    1. Precision Castparts Corp.
    2. LISI Aerospace SAS
    3. TriMas Aerospace
    4. National Aerospace Fasteners Corp.
    5. Howmet Aerospace Inc.
    6. STANLEY Engineered Fastening

    Disclaimer: The companies listed above are not ranked in any particular order.


    aerospace-stainless-steel-and-superalloy-fasteners-market-cagr

    • Get the Aerospace Stainless Steel And Superalloy Fasteners Market top key players overview

    Aerospace Stainless Steel And Superalloy Fasteners Market News and Recent Developments

    The aerospace stainless steel and superalloy fasteners market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the aerospace stainless steel and superalloy fasteners market are listed below:

    TriMas signed an agreement to acquire the operating net assets of Weldmac Manufacturing Company ("Weldmac"), a designer and manufacturer of high-performance, complex metal fabricated components and assemblies for the aerospace, defense, and space launch end markets.  (Source: TriMas, Press Release, 2023)

    • LISI AEROSPACE signed an agreement with Boeing Company to extend its current statement of work. Under the contract, LISI AEROSPACE will continue to provide close to 6,000 different part numbers in support of all Boeing Commercial programs (737, 747, 767, 777, and 787). (Source: LISI AEROSPACE, Press Release, 2022)

    TriMas, a multinational manufacturer and provider of aerospace equipment headquartered in the US, purchased TFI Aerospace Corporation outright. TFI, headquartered in Toronto, is a leading manufacturer and supplier of specialty fasteners for aerospace, transportation, and industrial applications. (Source: TriMas, Press Release, 2021)

    Aerospace Stainless Steel And Superalloy Fasteners Market Report Coverage and Deliverables

    The "Aerospace Stainless Steel And Superalloy Fasteners Market Size and Forecast (2021–2031)" report provides a detailed analysis of the market covering below areas:

    • Aerospace stainless steel and superalloy fasteners market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
    • Aerospace stainless steel and superalloy fasteners market trends, as well as market dynamics such as drivers, restraints, and key opportunities
    • Detailed Porters’ Five Forces and SWOT Analysis
    • Aerospace stainless steel and superalloy fasteners market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
    • Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the aerospace stainless steel and superalloy fasteners market
    • Detailed company profiles

    Frequently Asked Questions

    1
    Which is the fastest growing regional market?
    Asia Pacific is anticipated to grow with the highest CAGR over the forecast period 2024-2031.
    2
    Which material type segment holding the major market share of global aerospace stainless steel and superalloy fasteners market?
    The stainless steel segment held the largest market share in 2023.
    3
    Which are the key players holding the major market share of aerospace stainless steel and superalloy fasteners market?
    The key players, holding majority shares, in aerospace stainless steel and superalloy fasteners market includes Precision Castparts Corp., LISI Aerospace SAS, TriMas Aerospace, Howmet Aerospace Inc, and B&B Specialties, Inc.
    4
    What are the future trends of the aerospace stainless steel and superalloy fasteners market?
    Focus on fabricating sustainability in aerospace manufacturing is the future trends of the aerospace stainless steel and superalloy fasteners market.
    5
    What are the driving factors impacting the aerospace stainless steel and superalloy fasteners market?
    Increasing number of MRO activities in emerging economies and growing number of general aviation aircraft and helicopter deliveries are the driving factors impacting the aerospace stainless steel and superalloy fasteners market.
    6
    What is the estimated global market size for the aerospace stainless steel and superalloy fasteners market in 2023?
    The aerospace stainless steel and superalloy fasteners market was valued at US$ 0 million in 2023 and is projected to reach US$ 1,334.44 million by 2031; it is expected to grow at a CAGR of 7.4% during 2023–2031.
    Naveen Chittaragi
    Associate Vice President,
    Market Research & Consulting

    Naveen is an experienced market research and consulting professional with over 9 years of expertise across custom, syndicated, and consulting projects. Currently serving as Associate Vice President, he has successfully managed stakeholders across the project value chain and has authored over 100 research reports and 30+ consulting assignments. His work spans across industrial and government projects, contributing significantly to client success and data-driven decision-making.

    Naveen holds an Engineering degree in Electronics & Communication from VTU, Karnataka, and an MBA in Marketing & Operations from Manipal University. He has been an active IEEE member for 9 years, participating in conferences, technical symposiums, and volunteering at both section and regional levels. Prior to his current role, he worked as an Associate Strategic Consultant at IndustryARC and as an Industrial Server Consultant at Hewlett Packard (HP Global).

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    The List of Companies - Aerospace Stainless Steel and Superalloy Fasteners Market

    1. Precision Castparts Corp.
    2. LISI Aerospace SAS
    3. TriMas Aerospace
    4. National Aerospace Fasteners Corp.
    5. Howmet Aerospace Inc 
    6. STANLEY Engineered Fastening
    7. Saturn Fasteners, Inc.
    8. B&B Specialties, Inc. 
    9. RAYCHIN LIMITED
    10. MS Aerospace
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