Research Aerospace Fasteners Market | Page 5

Aerospace Fasteners Market
Unlike during the past, air traveling has no longer remained a luxury and more people are preferring air
mode of transportation. Governments across the world are solidifying their air defense and strong
demand for aircrafts exists both in commercial and military aircraft segments. With growing overall
aircraft demand, market for aerospace fasteners is expected to witness significant growth over the
forecast period. Upgraded technology and invention of more sophisticated and reliable materials are
further anticipated to boost up the aerospace fasteners market from supply side. Moreover, replacement
of aging aircrafts with Next-Gen aircrafts is another factor fueling up aerospace fasteners market globally.
Whereas, high production cost, less availability of high grade materials and unexpected failure of
fasteners are some of the major challenges existing in global aerospace fasteners market.
Major aerospace fastener companies are involved in business development strategies like merger &
acquisition in order to spread their reach in targeted nations. Providing high quality and cost effective
aerospace fasteners in stipulated time is another key strategy followed by key manufacturers to gain
market position.
Aerospace Fasteners Market: Segmentation
The global aerospace fasteners market is segmented on the basis of aerospace application, type of fixing,
product type, materials and head type. On the basis of application, aerospace fasteners market can be
segmented as commercial aerospace and military aerospace. On the basis of product type, aerospace
fasteners market can be segmented as pins, bolts, studs, screw and rivets. On the basis of material,
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