Aircraft Blind Fasteners Market Tremendous Growth till 2028

 Stratview Research delivers key insights on the global Aircraft Blind Fasteners Market.

The report also covers the Covid impact on the market. Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2021 and an uptrend is witnessed from 2022. 

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Market Insights

The Aircraft Blind Fasteners Market was accounted for US$ 730.4 Mn in terms of value in 2021 and is expected to grow at CAGR of 9.0% for the period 2022-2028.

Profiling Key Companies –

TriMas Corporation;

Arconic Fastening Systems;

PCC Fasteners;

Lisi Aerospace;

Stanley Black & Decker, Inc.;

Kwikbolt Limited.

Growth drivers and Market Value:

This report, from Stratview Research, studies the Aircraft Blind Fasteners Market value and growth drivers over the trend period of 2019-24. According to the report -

Blind fasteners currently represent less than 12% of the total aircraft fasteners market and projected to grow at an impressive rate over the next five years to reach US$ 698.8 million in 2024. Increasing production rates of the next-generation composite-rich aircraft A350XWB, B787, and F-35; introduction of fuel-efficient variants of the best-selling aircraft with a greater composites content: A320neo and B737 max; upcoming aircraft programs, such as C919 and MC21; increasing preference of blind fasteners for assembling critical aerospace parts; and superior benefits of blind fasteners including ease of installation over the permanent fasteners are giving an impetus to the growth of blind fasteners in the aerospace industry.

Segment Analysis:

Based on Aircraft Type:

The global aircraft blind fasteners market is segmented based on the aircraft type as commercial aircraft, regional aircraft, helicopter, military aircraft, and general Aviation. Commercial aircraft is likely to remain the growth engine of the market during the forecast period. Increasing production rates of the key programs, such as B737, B787, A350XWB, and A320 family; market entry of new players, such as COMAC and Irkut; and introduction of variants of existing and upcoming aircraft programs, such as B737 max, A320neo and B777x, are likely to create a strong demand for blind fasteners in the commercial aircraft segment. Further, Boeing in its commercial market outlook anticipated that there would be total deliveries of 42,730 commercial and regional aircraft worth US$ 6.3 trillion in the global marketplace during 2018-2037. All these factors are likely to provide sustainable demand for blind fasteners in the commercial aircraft segment in the foreseeable future.

Based on Region:

In terms of region, Europe is projected to remain the largest market for aircraft blind fasteners during the forecast period, driven by the world’s leading aircraft OEM, Airbus. The company has constantly been raising the production rates of key aircraft programs, such as A320 and A350XWB, to meet huge order backlog which stands at 7,287 jets on 30th April 2019. Airbus has a massive plan for its newly launched A350XWB program. The company is likely to raise the production rate from 6 aircraft per month in 2017 to 13 aircraft by 2019. Similarly, the company is also likely to raise the production rate of its best-selling program (A320 family including neo) from 46 aircraft per month in 2017 to 63 aircraft by 2019. The company is in process of contemplation to further raise the production rate to 70 aircraft per month in future.

 

Know more about the report, click here

https://www.stratviewresearch.com/484/aircraft-blind-fasteners-market.html

Covid Impact

This informative research report also includes the most recent global events concerning the coronavirus pandemic. The report provides a detailed analysis of the pandemic's impact and the industry's economic scenario. The report consists of tables, graphs, charts, figures, and diagrams, that are used to graphically represent important statistical information.

-         

-        Appropriate market trend and forecast analysis.

-        All-inclusive report

-        Decent price-performance ratio

-        Reliable data

-        Attractive market segments and associated growth opportunities.

Custom Research:

Stratview research offers custom research services across the sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please connect with our experts at +1-313-307-4176.

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Stratview Research is a global market intelligence and consulting organization that provides market research reports, customized reports, and consulting services. We are also committed to playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.

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