Stratview Research’s report states about the segment-wise current market condition, and also offers an estimation about future growths. The report has been generated after accumulating data from various authenticated sources such as journals, white papers, fact book, etc. As per the estimation, Aircraft Blind Fasteners Market is expected to reach US$ 698.8 million by the forecast period (2019 – 2024).
As per the report, the market is segmented by:
●by Aircraft Type (Commercial aircraft, military aircraft, and Others) – Commercial aircraft is likely to remain the growth engine of the market.
●by Application Type (Airframe, Engine, and Others) – Airframe is likely to remain the most dominant segment.
●by Fastener Type (Blind Bolts, Blind Rivets and Others)
●by Material Type (Titanium Blind Fasteners, Aluminum Blind Fasteners, and Others) – Titanium is projected to remain the most dominant.
●and by Region (North America, Europe, Asia-Pacific, and RoW) – Europe to remain the largest market.
Highlights of the Report:
The global aircraft blind fasteners market is segmented based on the aircraft type as commercial aircraft, regional aircraft, helicopter, military aircraft, and general Aviation. Commercial aircraft is likely to remain the growth engine of the market during the forecast period. Increasing production rates of the key programs, such as B737, B787, A350XWB, and A320 family; market entry of new players, such as COMAC and Irkut; and introduction of variants of existing and upcoming aircraft programs, such as B737 max, A320neo and B777x, are likely to create a strong demand for blind fasteners in the commercial aircraft segment. Further, Boeing in its commercial market outlook anticipated that there would be total deliveries of 42,730 commercial and regional aircraft worth US$ 6.3 trillion in the global marketplace during 2018-2037. All these factors are likely to provide sustainable demand for blind fasteners in the commercial aircraft segment in the foreseeable future.
Based on the application type, the aircraft blind fasteners market is segmented as airframe, engine, flight control surfaces, interiors, and others. Airframe is likely to remain the most dominant segment during the forecast period, whereas flight control surfaces are likely to remain the fastest-growing segment during the same period. Airframe is the largest structure in the aircraft, where blind fasteners are used in a wide array of applications including wings and fuselage, leading to their dominance in the market.
Based on the material type, the aircraft blind fasteners market is segmented as titanium fasteners, steel fasteners, aluminum fasteners, and other fasteners. Titanium is projected to remain the most dominant as well as fastest-growing material type in the global aircraft blind fasteners market over the next five years. Titanium blind fasteners offers a host of advantages over competing fasteners including good compatibility with composite parts, good corrosion resistance, excellent mechanical properties, heat resistance and high strength-to-weight ratio; leading to its widespread usage in the aircraft.
In terms of region, Europe is projected to remain the largest market for aircraft blind fasteners during the forecast period, driven by the world’s leading aircraft OEM, Airbus. The company has constantly been raising the production rates of key aircraft programs, such as A320 and A350XWB, to meet huge order backlog which stands at 7,287 jets on 30th April 2019. Airbus has a massive plan for its newly launched A350XWB program. The company is likely to raise the production rate from 6 aircraft per month in 2017 to 13 aircraft by 2019. Similarly, the company is also likely to raise the production rate of its best-selling program (A320 family including neo) from 46 aircraft per month in 2017 to 63 aircraft by 2019. The company is in process of contemplation to further raise the production rate to 70 aircraft per month in future.
Asia-Pacific is expected to witness the highest growth during the forecast period driven by opening of assembly plant of Boeing and Airbus in China for B737, A330, and A320; upcoming indigenous aircraft program i.e. COMAC C919 and Mitsubishi MRJ; and offset policies in military aircraft programs in countries such as India and South Korea. Further, key economies in the region are incessantly increasing their defense budget with the purpose to acquire the latest military aircraft to solidify their defense capabilities. All these factors are like to contribute significantly towards the growth of blind fasteners market in the region.
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Key Players of the Market
Some of the key players in the aircraft blind fasteners market are TriMas Corporation; Arconic Fastening Systems; PCC Fasteners; Lisi Aerospace; Stanley Black & Decker, Inc.; and Kwikbolt Limited.
Features of the Report
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. Here are the key features of the report:
- Strategic Segmentation
- Competitive Analysis
- Strategic Growth Opportunities
- Swot Analysis
- Key Players
- Forecast Analysis & Future Growth
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