Pune, India, OCTOBER 6, 2016 / MRFR Press Release/- Market research future published a cooked research report on Global Aerospace Fasteners Market.
The aerospace industry use wide range of fasteners such as nuts, bolts, screws, rivets, pins and high locks during the making of aircraft and its parts. The factors driving the market growth are growing demand for aircraft, use of titanium fasteners, fleet utilization, and aircraft replacement has strengthen the line fit and retrofit aerospace fasteners market. Market Research Future predicts the market to grow at a CAGR of around 7% during the forecast period, to reach $9 billion.
Next generation aircraft like A320 family, B787, B777X, and A380 constitute approx. 2.4 million to 3 million fasteners in an aircraft. The combined backlog of Boeing and Airbus as of today has an order book of close to 12,000 aircraft, representing between eight and 10 years’ production. Majority of backlogs are for A320 family aircraft and B737Max. Thus, the demand for fasteners will significantly grow in the forecast period.
Access the market data and information presented through over 60 tables and figures spread 80+ pages of the project report. Avail in-depth table of content (TOC) & market synopsis on “Global Aerospace Fasteners Market Research Report- Forecast to 2021"
Access Full Report @ https://www.marketresearchfuture.com/reports/aerospace-fasteners-market-1138
Geographically, North America would be the largest market for aerospace fasteners market in the forecast period. Whereas, APAC is likely to be the fastest growing market due to the significant increase in the number of aircraft and MRO opportunities in the region.
Americas (North and Latin)
Asia – Pacific
Middle East & Africa