How the Aerospace Fasteners Market is Powering the Next Generation of Aircraft 2024–20325
The aerospace fasteners market is positioned for steady, healthy growth over the coming decade, according to the MRFR report. The global market is projected to reach USD 7.74 billion by 2030, with a compound annual growth rate (CAGR) of about 7.07% over 2023–2030.
This anticipated growth is driven by increasing commercial air travel, rising aircraft deliveries, and enhanced defense expenditure across multiple regions. The market encompasses a wide array of fasteners — including nuts, bolts, rivets, screws and pins — used in aircraft airframes, fuselage assemblies, control surfaces, and interiors.
Within product segmentation, the rivets segment dominates, accounting for approximately 65-68% of market revenue. On the material side, the titanium category generated the greatest revenue share, attributed to its high strength-to-weight ratio, corrosion-resistance, and suitability for demanding aerospace applications.
Geographically, North America leads in terms of presence due to mature aerospace manufacturing infrastructure, while the Asia-Pacific region is emerging strongly as aerospace OEMs expand their footprint in China, India and other markets.
In practical terms, the growth trajectory represents an important opportunity for suppliers of aerospace-grade fasteners, particularly those capable of delivering lightweight, high-performance materials with stringent specifications (e.g., for fuselage, wing-to-fuselage joints, landing gear attachments). Because each aircraft contains thousands of fastener units — and manufacturing/maintenance demands continue to climb — the market is well placed to scale.
However, sustaining this growth will require addressing supply-chain constraints, quality and certification demands (since aerospace fasteners must meet rigorous standards for safety and fatigue), and ensuring material innovation (e.g., lightweight alloys, composite-compatible fasteners). For fastener manufacturers and stakeholders considering investment or expansion, the MRFR data offers a clear signal: the aerospace fastener market is growing at a healthy rate, and participating in this sector aligns with aviation growth trends.
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