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Growth Opportunities in the Global Aerospace Fastener Market, December 2016

LONDON, Feb. 21, 2017 /PRNewswire/ -- ds, opportunities and forecast in this market to 2021 by material type (aluminum, steel, titanium, and others), aircraft type (commercial aircraft, regional aircraft, general aviation, helicopter, and military aircraft), by region (North America, Europe, Asia Pacific, Rest of the World)

The future of the global aerospace fastener market looks promising with opportunities in commercial aircraft, regional aircraft, general aviation, helicopter, and military aircraft segments. The global aerospace fastener market is expected to reach an estimated $6.0 billion by 2021 at a CAGR of 6.0% from 2016 to 2021. The major drivers of growth for this market are increasing aircraft delivery, increase in demand for wide body aircraft, and introduction of new aircraft programs.

Emerging trends, which have a direct impact on the dynamics of the industry, include increase in penetration of titanium fasteners due to compatibility with composite parts and increase usage of titanium bolts in areas where high strength is required.

The study includes a forecast for the global aerospace fastener market by aircraft type, material type, and region, as follows:


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By Material Type (Value ($ million) from 2010 to 2021):
- Aluminum fastener
- Steel fastener
- Titanium fastener
- Other fastener

By Aircraft Type (Value ($ million) from 2010 to 2021):
- Commercial aircraft
- Regional aircraft
- General aviation
- Helicopter
- Military aircraft

By Product Type (Value ($ million) 2015):
- Rivets
- Bolts
- Others

By Region (Value ($ million) from 2010 to 2021):
- North America
- Europe
- Asia Pacific
- Rest of World

Alcoa, Precision Castparts Corp., Lisi Aerospace, Stanley Engineered Fastening, National Aerospace Fasteners Corp., B&B Specialities, Inc., and Trimas are among the major suppliers of aerospace fasteners.

On the basis of its comprehensive research, Lucintel forecasts that titanium fasteners and other fasteners (superalloy) are expected to show above average growth during the forecast period.

Within the aircraft type, commercial aircraft segment is expected to remain the largest market during the forecast period as commercial aircraft has the largest number of fasteners when compared to any other aircraft.

North America is expected to remain the largest region due to high demand for newer aircraft and replacement of ageing fleet. Aircraft fastener demand is directly proportional to aircraft delivery.

This report answers the following 11 key questions:
Q.1 What are some of the most promising, high-growth opportunities for the aerospace fastener market by material type (Aluminum, Steel, Titanium, and Others), aircraft type (Commercial Aircraft, Regional Aircraft, General Aviation, Helicopter, and Military Aircraft), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which product segments will grow at a faster pace and why?
Q.3 Which region will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats of this market?
Q.6 What are the emerging trends in this market and reasons behind them?
Q.7 What are some of the changing demands of customers in the market?
Q.8 What are the new developments in the market and which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products in this area and how great a threat do they pose for loss of market share through product substitution?
Q.11 What M&A activity has occurred in the last 5 years?

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