According to the latest report of IMARC Group, the global aerospace fastener market showed strong growth from 2015 to 2020. Looking ahead, the market is expected to grow at a compound annual growth rate of 8.2% from 2021 to 2026.
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Aviation fasteners are various hardware tools, such as bolts, screws, clamps, high locks, rivets, pins and nuts, commonly used in commercial and military aircraft, ballistic missiles, rockets and satellites. They are used to fasten or fix two or more components together, such as interior fittings, flight control surfaces, and cabins. They are also used to create temporary joints that can be removed without damaging surrounding equipment. These tools are usually made of aluminum, titanium, and steel to improve durability against high pressures and high temperatures.
The global market is mainly driven by the booming civil aviation industry. The significant increase in air transfers has led to an increase in the production of aircraft with premium components and luxurious interiors to improve the overall passenger flight experience. In addition, the use of advanced manufacturing technologies, such as 3D printing and additive manufacturing (AM), helps to produce lightweight and corrosion-resistant parts, and also drives market growth. Other factors, including rapid urbanization and favorable policies to improve airport infrastructure, as well as increased space exploration activities, are expected to further boost the market.
The report also analyzes the competitive landscape of the market. Some of the main players are Arconic Fastening Systems & Rings, B&B Specialties, LISI Aerospace, 3V Fasteners Company, National Fasteners Company, TriMas Corporation, Wesco Aircraft Holdings, CDP Fastener Group, TFI Aerospace Corporation , Stanley Engineered Fastening, Ho-Ho-Kus Inc, etc.
Browse the full report with detailed table of contents and chart list: https://bit.ly/3lC3CrR
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