The aircraft blind bolt market is expected to grow at a CAGR of 8.6% during 2023-2028, reaching US$208.9 million in 2028.Stratview Research explains.
DETROIT, Nov. 16, 2023 /PRNewswire/ — Stratview Research, a global market research firm, has launched a report on global Aircraft Blind Bolts Market Which provides comprehensive analysis of global and regional industry forecasts, current and emerging trends, segments and analysis and competitive landscape.
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Highlights of the report
Market size in 2028
8.6% during 2023-2028
Number of segments covered
Number of tables and graphs
country-level market assessment
Segment Insights on the Aircraft Blind Bolt Market
The global aircraft blind bolt market has been segmented on the basis of aircraft type, application type, material type, blind bolt type, end-user type and region.
depending on the type of aircraft – The aircraft blind bolt market is segmented into commercial aircraft, regional aircraft, helicopters, military aircraft and general aviation. The commercial aircraft market is expected to remain the largest and fastest growing aircraft type During the forecast period. The expected increase in production rates of key aircraft programs such as the A320 and B737, the return of the B737Max to service, the expected entry of new aircraft programs (C919, B777x, and MC-21), and increasing aircraft fleet size will drive demand for segment growth. are the main factors that increase it.
Depending on application type – The market is segmented into airframe, control surfaces, interior, engine and others. Airframe is expected to remain the market dominant as well as the fastest growing application type During the forecast period. The airframe is the largest structure in aircraft, where blind bolts are used in a wide variety of applications including wings and fuselage, leading to market dominance.
Depending on the type of material – The market is segmented into titanium, aluminium, steel and others. Titanium is expected to remain the most dominant material type in the market during the forecast period and is also expected to witness the highest growth during the same period. Due to their excellent performance at relatively low weight, steel and other heavy metal-based blind bolts are increasingly being replaced by titanium blind bolts.
Based on blind-bolt type – The market is divided into drive-nut bolts and pull-type bolts. Drive-nut bolts are expected to remain the dominant blind bolt type in the market During the forecast period, driven by their advantages such as accessibility, installation efficiency, vibration resistance, weight savings, load carrying capacity and versatility.
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Which sector offers the best opportunities and growth?
The report shows that North America is expected to remain the largest market For aircraft blind bolts during the forecast period, The main reasons for this increase are as follows –
– The United States is the growth engine of the region’s market with the presence of leading aircraft OEMs, tier players, blind bolt suppliers and end users.
– All major blind bolt manufacturers have established their presence in the region to meet the emerging needs of OEMs to become partners for their upcoming aircraft programs or fuel-efficient variants of existing aircraft programs.
same way, The Asia-Pacific market is expected to experience the highest growth during the forecast period, Asia-Pacific’s highest growth is mainly attributed to the growing aircraft fleet to support growing passenger traffic; Opening of Boeing and Airbus assembly plants; Increasing procurement of military aircraft due to rising defense budget; and upcoming indigenous aircraft (C919).
Aircraft Blind Bolts Market Drivers
Some of the major factors driving the market growth include-
- The aircraft industry grew organically with increased production rates of major aircraft programs including the A320neo, B737 Max, A220, B787, and A350XWB.
- Launch of new aircraft programs (C919, MC-21, B777x, etc.).
- Increased preference for blind fasteners over conventional fasteners.
- Development of lightweight and corrosion resistant blind bolts.
- The size of the global aircraft fleet is increasing.
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Top 5 Companies in Aircraft Blind Bolt Market?
The market is highly concentrated, with the presence of some regional and global players. Development of lightweight and durable blind bolts and implementation of mergers and acquisitions are the key strategies adopted by key players to gain competitive edge in the scenario. Following are the major players in the Aircraft Blind Bolt market:
- Trimas Corporation
- Howmet Aerospace, Inc.
- Stanley Black & Decker, Inc.
- Precision Castparts Corp.
- LISI Aerospace
What deliverables will you find in this report?
Key questions this report answers
Relevant content in the report
How big is the sales opportunity?
In-depth Analysis of Aircraft Blind Bolt Market
How profitable is the future?
Market Forecast & Trends Data and Emerging Trends
Which areas offer the best sales opportunities?
Global, regional and country-level historical data and forecasts
What are the most attractive market segments?
Market Segment Analysis and Forecast
Who are the top players and what is their market position?
Competitive Landscape Analysis, Market Share Analysis
How complex is the business environment?
Porter’s Five Forces Analysis, PEST Analysis, Life Cycle Analysis
What are the factors influencing the market?
Drivers and challenges
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