6:11 AM Aircraft Interior Fasteners Market Size to reach US$ 644.4 million in 2024 |
Aircraft Interior Fasteners Market Report: Trends, Analysis & Forecast up to 2024. Discover associated growth opportunities, market dynamics, success factors and more. The Aircraft Interior Fasteners Market is likely to grow at a healthy rate over the next five years to reach US$ 644.4 million in 2024. The major driving factor for the aircraft interior fasteners market is an incessant increase in air passenger traffic all around the world, which is triggering an increasing production rates of key programs, such as B737, A320 family, B787, and A350XWB; market entry of new players, such as COMAC and Irkut; an introduction of variants of existing best-selling aircraft programs, such as B737 max, A320neo, and B777x; and increasing aircraft fleet size. All these factors will contribute to offering a sustainable growth to aircraft interior fasteners market. Click here to get a Free Sample of the report (with additional insights): https://www.stratviewresearch.com/Request-Sample/343/Aircraft-Interior-Fasteners-Market.html Aircraft Interior Fasteners Market Segment Insights: By Material Type: Aluminum fasteners are the most preferred choice because of their numerous advantages, such as higher specific strength to steel, lightweight, and excellent corrosion and heat resistance. Plastic fasteners are steadily penetrating the aircraft interior fasteners market as they have the advantages of being a lightweight at a considerable strength to metallic counterparts. By Fastener Type: Aircraft fasteners are broadly categorized as male and female fasteners. Screw, bolts, rivets, and studs are a part of male fasteners, whereas nut and inserts are the major types of female fasteners. Based on the fastener type, the aircraft interior fasteners market is segmented into screws, bolts, nuts, potted-in inserts, panel fasteners, and others. Screws dominate the market and are estimated to remain the most dominant fastener type in the market in the coming five years. The interior section of an aircraft does not require permanent joints, such as riveting, owing to the fact that airliners refurbish the entire interiors periodically. By Aircraft Type: Commercial aircraft is expected to remain the growth engine of the aircraft interior fasteners market during the forecast period of 2019 to 2024. Boeing and Airbus are increasing the production rates of their best-selling commercial aircraft programs in order to meet a huge pile of order backlogs. Also, COMAC and Irkut are entering the commercial aircraft industry with their C919 and MC-21 aircraft programs. Boeing anticipated that there would be total deliveries of 40,410 commercial aircraft worth US$ 6.25 trillion in the global marketplace during 2018-2037. This factor will create a sustainable demand for fasteners for commercial aircraft interiors globally in the foreseeable future. By Application Type: On the basis of the application type, the aircraft interior fasteners market is segmented as Seats, Galleys, Ducts, Stowage Bins, Lavatories, Floor Panels, Sidewall Panels, Door & Windows, and Others. Seat is expected to remain the dominant application of fasteners in aircraft interiors in the coming five years, driven by a large number of seats per aircraft and a gradual inclination of airliners towards economy-class and premium-economy class seats by shying away from first-class seats. By Region: North America is expected to remain the largest aircraft interior fasteners market during the forecast period. The region is the manufacturing capital of the aerospace industry with the presence of many large- and small-sized tier players and fastener manufacturers. Furthermore, stricter emission norms have led to faster adoption of lighter aerospace-grade fasteners in the region. The USA is not only the largest region’s market but is also the largest market in the world. Asia-Pacific is likely to depict the highest growth during the forecast period with China, Japan, and India being the key sources of growth. Substantial growth in the air passenger and freight traffic in China and India are compelling aircraft manufacturers and tier players to open their manufacturing plants in the region. Also, both countries are incessantly increasing their defense budget with the purpose to acquire the latest military aircraft to solidify their defense capabilities. This, in turn, will create a healthy demand for fasteners in these countries in the coming years. The involvement of Japanese conglomerates to become the risk-sharing partners in the next-generation commercial aircraft and upcoming indigenous regional aircraft (Mitsubishi MRJ) will further boost the demand for fasteners in aircraft interiors in the region. Click below to run through the detailed ToC of the report: https://www.stratviewresearch.com/toc/343/Aircraft-Interior-Fasteners-Market.html Features of the Report This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. Based on the research, a proper report is crafted with the following key features:
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