The Asia Pacific C-parts market size is projected to reach US$ 92.93 million by 2031 from US$ 61.12 million in 2023. The market is expected to register a CAGR of 5.4% during 2023-2031. The increasing integration of electronic components in aircraft and automobiles is likely to bring new trends to the Asia Pacific C-parts market in the coming years.
The rise in the integration of electronic components in vehicles and aircraft is one of the major trends likely to drive the Asia Pacific C-parts market in the coming years. Moreover, the introduction of electric vehicles and electric aircraft is another major factor likely to drive the demand for C-parts in the market in the near future. Further, the demand for retrofitting of aircraft and electrification of vehicles is also likely to support the growth of C-parts in the coming years.
The demand for deployment of components such as avionics, EFBs, ADAS, and other types of electronics & display systems, if further generating the need for c-parts across the aerospace and automotive sector.
Further, the increasing adoption of electric vehicles have generated a new segment in the automobiles industry that is catering to the new category of customers. The engineering/production of electric vehicles has also generated a need for integration of electronic components that boosts the usage of plastic/composite fasteners and aluminum fasteners to avoid magnetic disturbance in the sensors of vehicles as well.
Based on product type, the Asia Pacific C-parts market is segmented into fasteners, bearings, and others. The fasteners segment is further segmented into nuts, bolts, screws, washers, and others The fasteners segment held the largest share in the Asia Pacific c-parts market in 2023.
Bearings are one of the major components in the Asia Pacific C-parts market that are utilized across every industry that uses mechanical machines. Bearings support rotational movements by smoothening the transition of power between shafts or related structures. There are mainly two types of bearings - ball bearings and roller bearings. Furthermore, ball bearings reduce rotational friction and support radial and axial loads through the utilization of metallic balls. There are mainly four types of ball bearings: deep groove ball bearings, angular contact ball bearings, self-aligning ball bearings, and thrust ball bearings.
The others segment comprises wall plugs, shims, and cable ties. Plugs are mainly used during drilling screws in the walls. Plugs are plastic inserts that are used to enable the attachment of a screw in a wall structure to support the weight of any other structure that fails to be supported by only a screw in the walls. Shims are thin pieces of metal that are used for filling small spaces between different surfaces. Cable ties, also known as zap straps, wire ties, or zip ties, are utilized to hold the wires together. Cable ties are used for organizing different levels of wires and cables. The main applications of cable ties include vehicles, aircraft, helicopters, electronic appliances, industrial equipment, electronic machines, and others.
The rise in the integration of electronic components in vehicles and aircraft is one of the major trends likely to drive the Asia Pacific C-parts market in the coming years. Moreover, the introduction of electric vehicles and electric aircraft is another major factor likely to drive the demand for C-parts in the market in the near future. Further, the demand for retrofitting of aircraft and electrification of vehicles is also likely to support the growth of C-parts in the coming years.
The demand for deployment of components such as avionics, EFBs, ADAS, and other types of electronics & display systems, if further generating the need for c-parts across the aerospace and automotive sector.
Further, the increasing adoption of electric vehicles have generated a new segment in the automobiles industry that is catering to the new category of customers. The engineering/production of electric vehicles has also generated a need for integration of electronic components that boosts the usage of plastic/composite fasteners and aluminum fasteners to avoid magnetic disturbance in the sensors of vehicles as well.
Based on product type, the Asia Pacific C-parts market is segmented into fasteners, bearings, and others. The fasteners segment is further segmented into nuts, bolts, screws, washers, and others The fasteners segment held the largest share in the Asia Pacific c-parts market in 2023.
Bearings are one of the major components in the Asia Pacific C-parts market that are utilized across every industry that uses mechanical machines. Bearings support rotational movements by smoothening the transition of power between shafts or related structures. There are mainly two types of bearings - ball bearings and roller bearings. Furthermore, ball bearings reduce rotational friction and support radial and axial loads through the utilization of metallic balls. There are mainly four types of ball bearings: deep groove ball bearings, angular contact ball bearings, self-aligning ball bearings, and thrust ball bearings.
The others segment comprises wall plugs, shims, and cable ties. Plugs are mainly used during drilling screws in the walls. Plugs are plastic inserts that are used to enable the attachment of a screw in a wall structure to support the weight of any other structure that fails to be supported by only a screw in the walls. Shims are thin pieces of metal that are used for filling small spaces between different surfaces. Cable ties, also known as zap straps, wire ties, or zip ties, are utilized to hold the wires together. Cable ties are used for organizing different levels of wires and cables. The main applications of cable ties include vehicles, aircraft, helicopters, electronic appliances, industrial equipment, electronic machines, and others.
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Table of Contents
1. Introduction
2. Executive Summary
3. Research Methodology
4. Asia Pacific C-Parts Market Landscape
5. Asia Pacific C-Parts Market - Key Market Dynamics
6. Asia Pacific C-Parts Market Analysis
7. Asia Pacific C-Parts Market Analysis - by Product Type
8. Asia Pacific C-Parts Market Analysis - by End-use Industry
9. Asia Pacific C-Parts Market Analysis - by Material Type
10. Asia Pacific C-Parts Market - Country Analysis
11. Competitive Landscape
12. Industry Landscape
13. Company Profiles
14. Appendix
List of Tables
List of Figures
Companies Mentioned
Some of the leading companies in the Asia Pacific C-Parts Market include:- Fastenal Co
- W W Grainger Inc
- ERIKS
- RS Group Plc
- Kaman Group
- Würth Industrie Service GmbH & Co. KG
- Ningbo yi pian hong fastener Co., Ltd
- Bossard Holding AG
- MCMASTER-CARR
- Fabory Nederland B.V.
- Bailey International LLC
- Exim & Mfr Enterprise
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 130 |
| Published | September 2024 |
| Forecast Period | 2023 - 2031 |
| Estimated Market Value ( USD | $ 61.12 Million |
| Forecasted Market Value ( USD | $ 92.93 Million |
| Compound Annual Growth Rate | 5.4% |
| Regions Covered | Asia Pacific |
| No. of Companies Mentioned | 13 |
