North America Aerospace Titanium Fasteners Market

Historic Data: 2019-2020   |   Base Year: 2021   |   Forecast Period: 2022-2028

Analysis By Aircraft Type (Narrow Body Aircraft, Wide-Body Aircraft, General Aviation Aircraft, Cargo Aircraft, Helicopters, and Military Aircraft), Product Type (Bolts, Nuts, Screws, Rivets, and Others), Application (Flight Control Surface, Airframe, Engine, Interiors, and Landing Gear), and End User (Aircraft Manufacturers, MRO Services Providers, and Military Forces)


No. of Pages: 124    |    Report Code: BMIRE00025332    |    Category: Aerospace and Defense

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North America Aerospace Titanium Fasteners Market

The North America aerospace titanium fasteners market is expected to grow from US$ 259.67 million in 2021 to US$ 382.11 million by 2028; it is estimated to register a CAGR of 5.7% from 2021 to 2028.

 

The aerospace industry relies on using lightweight materials to increase fuel efficiency. Since fasteners account for a significant number of aircraft models, the need for lightweight fasteners has become highly important. In the current scenario, the high demand for titanium fasteners among aircraft OEMs, aircraft component OEMs, and maintenance service providers is catalyzing the aerospace titanium fasteners market. The military aerospace sector is the major adopter of aerospace fasteners in the aerospace industry, followed by commercial aerospace and general aerospace. The increasing adoption of titanium fasteners in military aircraft due to its various benefits, such as high-temperature resistance, corrosion resistance, and nonmagnetic nature, is driving the market growth. Titanium's robust strength and low density provide the high levels of performance desired by aero engine manufacturers. Its high-temperature capability is appropriate for jet engines and airframe parts that must endure temperatures ranging from subzero to 600°C. Further, military helicopters and UAVs are demanding higher volumes of titanium fasteners for improved operational efficiency and fuel reduction benefits. Thus, the above-mentioned factors are driving the aerospace titanium fasteners market growth. The growing aircraft procurement across the region is also anticipated to propel the aerospace titanium fasteners market during the forecast period.

 

With new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the North America aerospace titanium fasteners market at a notable CAGR during the forecast period. 

 

North America Aerospace Titanium Fasteners Market Revenue and Forecast to 2028 (US$ Million)

North America Aerospace Titanium Fasteners Market Revenue and Forecast to 2028 (US$ Million)
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North America Aerospace Titanium Fasteners Strategic Insights

Strategic insights for the North America Aerospace Titanium Fasteners provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

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North America Aerospace Titanium Fasteners Report Scope

Report Attribute Details
Market size in 2021 US$ 259.67 Million
Market Size by 2028 US$ 382.11 Million
Global CAGR (2021 - 2028) 5.7%
Historical Data 2019-2020
Forecast period 2022-2028
Segments Covered By Aircraft Type
  • Narrow Body Aircraft
  • Wide-Body Aircraft
  • General Aviation Aircraft
  • Cargo Aircraft
  • Helicopters
  • Military Aircraft
By Product Type
  • Bolts
  • Nuts
  • Screws
  • Rivets
By Application
  • Flight Control Surface
  • Airframe
  • Engine
  • Interiors
  • Landing Gear
By End User
  • Aircraft Manufacturers
  • MRO Services Providers
  • Military Forces
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Market leaders and key company profiles
  • 3 V Fasteners
  • B&B Specialties, Inc.
  • Cherry Aerospace (PCC)
  • Ferralloy Inc.
  • Leeart Industry Co., Ltd.
  • LISI Aerospace
  • Superbti Co.,ltd.
  • TriMas Corporation
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    North America Aerospace Titanium Fasteners Regional Insights

    The geographic scope of the North America Aerospace Titanium Fasteners refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

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    North America Aerospace Titanium Fasteners Market Segmentation  

     

    The North America aerospace titanium fasteners market is segmented into aircraft type, product type, application, end user, and country. Based on aircraft type, the market is categorized into narrow body aircraft, wide-body aircraft, general aviation aircraft, cargo aircraft, helicopters, and military aircraft. The narrow body aircraft segment dominated the market in 2020, and the wide body aircraft segment is expected to register the highest CAGR during the forecast period. Based on product type, the market is segmented into bolts, nuts, screws, rivets, and others. The bolts segment dominated the market in 2020, and the others segment is expected to register the highest CAGR during the forecast period. Based on application, the North America aerospace titanium fasteners market is segmented into flight control surface, airframe, engine, interiors, and landing gear. The airframe segment dominated the market in 2020, and the engine segment is expected to register the highest CAGR during the forecast period. Based on end user, the market is segmented into aircraft manufacturers, MRO services providers, and military forces. The aircraft manufacturers segment dominated the market in 2020, and the MRO service providers segment is expected to register the highest CAGR during the forecast period. Based on country, the North America aerospace titanium fasteners market is categorized into the US, Canada, and Mexico.

     

    3V Fasteners; B&B Specialties, Inc.; Cherry Aerospace (PCC); Ferralloy Inc.; Leeart Industry Co., Ltd.; LISI Aerospace; Superbti Co., Ltd.; and TriMas Corporation are among the leading companies operating in the North America aerospace titanium fasteners market. 

    The List of Companies - North America Aerospace Titanium Fasteners Market

    1. 3 V Fasteners
    2. B&B Specialties, Inc.
    3. Cherry Aerospace (PCC)
    4. Ferralloy Inc.
    5. Leeart Industry Co., Ltd.
    6. LISI Aerospace
    7. Superbti Co.,ltd.
    8. TriMas Corporation
    Frequently Asked Questions
    How big is the North America Aerospace Titanium Fasteners Market?

    The North America Aerospace Titanium Fasteners Market is valued at US$ 259.67 Million in 2021, it is projected to reach US$ 382.11 Million by 2028.

    What is the CAGR for North America Aerospace Titanium Fasteners Market by (2021 - 2028)?

    As per our report North America Aerospace Titanium Fasteners Market, the market size is valued at US$ 259.67 Million in 2021, projecting it to reach US$ 382.11 Million by 2028. This translates to a CAGR of approximately 5.7% during the forecast period.

    What segments are covered in this report?

    The North America Aerospace Titanium Fasteners Market report typically cover these key segments-

    • Aircraft Type (Narrow Body Aircraft, Wide-Body Aircraft, General Aviation Aircraft, Cargo Aircraft, Helicopters, Military Aircraft)
    • Product Type (Bolts, Nuts, Screws, Rivets)
    • Application (Flight Control Surface, Airframe, Engine, Interiors, Landing Gear)
    • End User (Aircraft Manufacturers, MRO Services Providers, Military Forces)

    What is the historic period, base year, and forecast period taken for North America Aerospace Titanium Fasteners Market?

    The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Aerospace Titanium Fasteners Market report:

  • Historic Period : 2019-2020
  • Base Year : 2021
  • Forecast Period : 2022-2028
  • Who are the major players in North America Aerospace Titanium Fasteners Market?

    The North America Aerospace Titanium Fasteners Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:

  • 3 V Fasteners
  • B&B Specialties, Inc.
  • Cherry Aerospace (PCC)
  • Ferralloy Inc.
  • Leeart Industry Co., Ltd.
  • LISI Aerospace
  • Superbti Co.,ltd.
  • TriMas Corporation
  • Who should buy this report?

    The North America Aerospace Titanium Fasteners Market report is valuable for diverse stakeholders, including:

    • Investors: Provides insights for investment decisions pertaining to market growth, companies, or industry insights. Helps assess market attractiveness and potential returns.
    • Industry Players: Offers competitive intelligence, market sizing, and trend analysis to inform strategic planning, product development, and sales strategies.
    • Suppliers and Manufacturers: Helps understand market demand for components, materials, and services related to concerned industry.
    • Researchers and Consultants: Provides data and analysis for academic research, consulting projects, and market studies.
    • Financial Institutions: Helps assess risks and opportunities associated with financing or investing in the concerned market.

    Essentially, anyone involved in or considering involvement in the North America Aerospace Titanium Fasteners Market value chain can benefit from the information contained in a comprehensive market report.