Aerospace Fasteners Market Report 2025

The aerospace fasteners market size has grown rapidly in recent years. It will grow from $8.19 billion in 2024 to $9.1 billion in 2025 at a compound annual growth rate (CAGR) of 11.1%. The growth in the historic period can be attributed to aerospace industry growth, military modernization programs, globalization of aerospace supply chains, commercial aircraft orders, stringent safety and quality standards.

The aerospace fasteners market size is expected to see strong growth in the next few years. It will grow to $12.8 billion in 2029 at a compound annual growth rate (CAGR) of 8.9%. The growth in the forecast period can be attributed to rising air passenger traffic, next-generation aircraft, emerging markets for air travel, space exploration programs, sustainable aviation initiatives. Major trends in the forecast period include digitalization in manufacturing, R&D in lightweight materials, integration of smart fastening technologies, titanium fasteners, use of composite materials.

The global air travel industry has experienced rapid growth, propelled by improvements in people's standard of living and increased disposable income. As reported by the International Civil Aviation Organization, there is an anticipation that both passenger traffic and freight volume will double by 2035. This surge in demand for air travel has significantly contributed to the expansion of aircraft manufacturing, consequently driving the growth of the aerospace fasteners market. The increasing need for aircraft components and the overall expansion of the aviation sector have led to a higher demand for aerospace fasteners, reflecting the interconnected nature of the aerospace industry with global economic trends and consumer lifestyles.

The anticipated increase in demand for commercial aircraft is expected to be a key driver for the growth of the aerospace fasteners market in the future. Commercial aircraft, designed and utilized for the transportation of passengers or cargo for profit or business purposes, rely on aerospace fasteners due to their strength, reliability, and capacity to withstand high stress and vibrations - critical attributes for maintaining structural integrity during flight. For instance, Airbus SE, a France-based provider of aeronautics, defense, and space-related services, reported in January 2023 that commercial aircraft sales to 202,184 clients in 2022 witnessed an 8% increase from the previous year, with 661 deliveries. The backlog includes 7,239 aircraft, with 1,078 gross commercial orders (820 net). This robust demand for commercial aircraft reflects positively on the aerospace fasteners market, underscoring their pivotal role in the aviation industry's growth.

The growing adoption of super alloys represents a prominent and increasingly popular trend in the aerospace fastener market. Super alloys are characterized by their high mechanical strength, resistance to thermal creep deformation, excellent surface stability, and durability against corrosion or oxidation. An illustrative example is SPS Technologies, which has embraced the use of super alloys and introduced MP35N as the first fastener superalloy. MP35N offers a distinctive combination of high strength and exceptional corrosion resistance, coupled with a temperature capability of 750 °F. This trend highlights the industry's inclination towards advanced materials, emphasizing the significance of super alloys in enhancing the performance and durability of aerospace fasteners.

Major companies within the aerospace fastener industry are increasingly adopting a strategic partnerships approach to enhance supply chain efficiency and provide comprehensive solutions for complex aerospace assembly needs. Strategic partnerships involve companies leveraging each other's strengths and resources to achieve mutual benefits and success. A noteworthy example is the partnership between Goebel Fasteners Inc., a US-based fastener manufacturer, and Aero-Space Fasteners and Electronics, a US-based distributor of aircraft fastening hardware for commercial and military aerospace applications. Established in February 2022, this collaboration is aimed at distributing Goebel Fasteners' blind fastening product lines, over-center latches, the new G-Grip Stainless Lockbolt System, and other product lines throughout the United States. This strategic partnership reflects a broader industry trend where companies seek collaboration to optimize their capabilities, streamline the supply chain, and provide comprehensive solutions to meet the evolving demands of the aerospace sector.

In June 2022, the Bollhoff Group, a France-based specialist in providing special fasteners, successfully acquired Gillis Aerospace for an undisclosed amount. This strategic acquisition is poised to enrich Bollhoff Group's manufacturing portfolio by incorporating specialized fasteners, bolts, and surface finishing capabilities. By bringing Gillis Aerospace into its fold, Bollhoff aims to strengthen its expertise in lightweight materials and development, positioning itself as a leading provider of innovative fastening solutions within the aerospace sector. The acquisition of Gillis Aerospace, a French-based manufacturer of aerospace fasteners, reflects Bollhoff's commitment to expanding its capabilities and offerings, thereby contributing to the advancement of the aerospace industry.

Major companies operating in the aerospace fasteners market include Boeing Company, Wurth Group, Stanley Black & Decker Inc., Illinois Tool Works Inc., Allegis Corp., Alcoa Corp., Arconic Inc., TFI Aerospace Corporation, Precision Castparts Corp., Collison-Goll Ltd., Howmet Aerospace Inc., B/E Aerospace Inc., SPS Technologies Ltd., TriMas Corp., LISI Aerospace SAS, National Aerospace Fasteners Corporation, TPS Aviation Inc., B&B Specialities Inc., Consolidated Aerospace Manufacturing LLC, Binder Metal Products Inc., MS Aerospace, C & L Rivet Company Inc., ZAGO Manufacturing Co. Inc., Peninsula Components Inc., FSL Aerospace Ltd., Allfast Fastening Systems Inc., Cherry Aerospace, Aerodyne Group.

Europe was the largest region in the aerospace fasteners market in 2024. Asia-Pacific is expected to be the fastest-growing region in the aerospace fasteners market share during the forecast period. The regions covered in the aerospace fasteners market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the aerospace fasteners market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Aerospace fasteners encompass essential components such as screws and pins utilized to mechanically secure or join various parts of an aircraft. These fasteners are robust, providing durability and security, thereby contributing to the efficiency of the aircraft while simultaneously minimizing its overall weight. Typically crafted from materials such as aluminum, titanium, and steel, these metals are preferred due to their high tensile and shear strength, as well as their corrosion-resistant properties.

The primary product types within the aerospace fasteners market include screws, nuts and bolts, washers, and rivets. Screws typically consist of lower-strength materials and can be installed with a loose-fitting thread, featuring head shapes designed to engage a screwdriver or wrench. Aerospace fasteners find application across various platforms, with usage in fixed-wing aircraft and rotary-wing aircraft. The predominant materials employed for aerospace fasteners encompass aluminum, titanium, and alloy steel. These fasteners play a crucial role in both commercial and defense applications within the aerospace industry.

The aerospace fasteners market research report is one of a series of new reports that provides aerospace fasteners market statistics, including aerospace fasteners industry global market size, regional shares, competitors with aerospace fasteners market share, detailed aerospace fasteners market segments, market trends and opportunities, and any further data you may need to thrive in the aerospace fasteners industry. This aerospace fasteners market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.

The aerospace fasteners market consists of sales of anchors, locking bolts, hex bolts, and collars. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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