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Download Free sampleThe global Aerospace Fasteners market size was value at US$ 3,411.68 million in 2021 and is forecast to be a readjusted size of US$ 5,011.62 million by 2028 with a CAGR of 4.44% during the forecast period 2022-2028.
The global main manufacturers of Aerospace Fasteners include Precision Castparts Corp, Howmet Aerospace, LISI Aerospace, AVIC, TriMas Corporation, Paolo Astori, MS Aerospace, Stanley Black & Decker, and CASC, etc. In 2021, the global five largest players have a share approximately 84.27% in terms of revenue.
The North America Aerospace Fasteners market size was US$ 2,048.12 million in 2021, while China was about US$ 277.19 million. The proportion of the China was 8.12% in 2021 and it is predicted that the share will reach 8.04% in 2028, trailing a CAGR of 5.45% through the analysis period. As for the Europe Aerospace Fasteners landscape, France is projected to reach 410.27 million by 2028. And in Asia, the notable markets are Japan and South Korea, CAGR is 4.16% and 4.50% respectively for the next 6-year period. Fully considering the economic change by the COVID-19, Threaded Fasteners accounting for 80.44% of the Aerospace Fasteners global market in 2021, is projected to value 4,018.42 million by 2028, growing at a revised 4.35% CAGR from 2022 to 2028. While Civil segment is altered to 4.86% CAGR throughout this forecast period and will hold a share about 88.16% in 2028.
The prime objective of Aerospace Fasteners Market is to provide the insights on the post COVID-19 impact which will help market players in this field evaluate their business approaches. Also, Aerospace Fasteners Market covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).
A fastener is a hardware device that mechanically joins or affixes two or more objects together. In general, fasteners are used to create non-permanent joints; that is, joints that can be removed or dismantled without damaging the joining components. Welding is an example of creating permanent joints.Fasteners can also be used to close a container such as a bag, a box, or an envelope; or they may involve keeping together the sides of an opening of flexible material, attaching a lid to a container, etc. There are also special-purpose closing devices, e.g. a bread clip. Some types of woodworking joints make use of separate internal reinforcements, such as dowels or biscuits, which in a sense can be considered fasteners within the scope of the joint system, although on their own they are not general purpose fasteners. The aerospace fasteners report focus on the fasteners market in the aerospace industry. In the last several years, Global market of Aerospace Fasteners developed steadily, with an average growth rate of 7%. In 2016, Global revenue of Aerospace Fasteners is nearly 5 B USD; the actual production is about 590 K MT.
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