Market Insights
“The aircraft blind bolts market size was US$ 149 million in 2023 and is likely to grow at a decent CAGR of 5.0% in the long run to reach US$ 227 million in 2032.”
Market Dynamics
Introduction
Blind bolts are multi-piece assemblies that can be installed from one side of the workpiece, making them ideal for use in aircraft structures that require high strength and are accessible from only one side. These bolts are commonly used in various aircraft areas, including wings, nacelles, and interiors. Blind bolts offer exceptional strength, vibration resistance, and excellent sheet pull-together characteristics. The materials most commonly used to manufacture blind bolts in the aircraft industry are titanium, aluminum, and steel. As composite materials become more prevalent in aircraft construction, the use of titanium in fasteners, including blind bolts, is increasing. Titanium offers significant weight-saving advantages and superior corrosion resistance compared to other metals and metal alloys.
Several factors are driving the growth of the aircraft specialty fasteners market, including the organic expansion of the aircraft industry and the increased production rates of key aircraft programs such as the A320neo, B737 Max, A220, B787, and A350XWB. The introduction of new aircraft programs like the C919, MC-21, and B777X further contributes to market growth. Additionally, the growing preference for blind fasteners over traditional fasteners, the development of lightweight and corrosion-resistant blind bolts, and the rising global aircraft fleet size are also fueling the demand for specialty fasteners in the industry.
Recent Market JVs and Acquisitions:
A huge number of strategic alliances including M&As, JVs, etc. have been performed over the past few years:
- In December 2021, TriMas Corporation acquired TFI Aerospace, a manufacturer of specialty fasteners used in a variety of applications for aerospace and other industrial end markets. This acquisition helped expand TriMas Aerospace’s fastener product lines with the addition of complementary niche products.
- In January 2020, Consolidated Aerospace Manufacturing, LLC (CAM) agreed to be acquired by Stanley Black & Decker, Inc. This acquisition helps to further diversify the growth of Stanley Black & Decker, Inc.’s industrial business segment.
Segment Analysis
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Segmentations
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List of Sub-Segments
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Dominant and Fastest-Growing Segments
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Aircraft -Type Analysis
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Commercial Aircraft, Regional Aircraft, Helicopter, Military Aircraft, and General Aviation
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Commercial aircraft are anticipated to remain the biggest demand generator in the future.
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Application- Type Analysis
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Airframe, Flight Control Surfaces, Interior, Engine, and Other Application Types
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Airframe is anticipated to remain dominant, as well as the fastest-growing application type during the forecast period.
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Material-Type Analysis
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Titanium, Aluminum, Steel, and Other Material Types
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Titanium is likely to remain the most preferred as well as the fastest-growing material by 2032.
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Blind Bolt- Type Analysis
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Drive-Nut Bolt and Pull-Type Bolt
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The drive-nut bolt is expected to be dominant, whereas the pull-type bolt is likely to grow at a faster rate.
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End-User- Type Analysis
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OE and Aftermarket
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OE is anticipated to remain the bigger demand generator as well as witness faster growth in the years to come.
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Regional Analysis
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North America, Europe, Asia-Pacific, and The Rest of the World
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North America is expected to remain the largest market over the next eight years, whereas Asia-Pacific is likely to grow at the fastest rate.
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By Aircraft Type
“Commercial aircraft are expected to remain the largest demand generator for aircraft fasteners in the future.”
- The aircraft blind bolt market is segmented into commercial aircraft, regional aircraft, helicopters, military aircraft, and general aviation.
- Commercial aircraft are expected to remain the largest and fastest-growing aircraft type in the market during the forecast period. The increase in the production rates of key aircraft programs, such as the A320 and B737, the return to service of the B737Max, the expected entry of new aircraft programs like the C919, B777X, and MC-21, along with the rising global aircraft fleet size, are key factors driving the demand and growth of this segment.
By Application Type
“The airframe is expected to continue being the dominant and fastest-growing application type throughout the forecast period.”
- The market is segmented into airframe, control surfaces, interior, engine, and others.
- The airframe is expected to remain both the dominant and fastest-growing application type in the market during the forecast period. As the largest structure in an aircraft, the airframe utilizes blind bolts in various applications, including wings and fuselage, contributing to its market dominance.
By Material Type
“Titanium is expected to remain the most preferred material and the fastest-growing material type until 2032.”
- The market is segmented into titanium, aluminum, steel, and others.
- Titanium is expected to remain the dominant material type in the market during the forecast period and is also projected to experience the highest growth. The continuous replacement of steel and other heavy metal-based blind bolts with titanium blind bolts is driven by their superior performance at a relatively lower weight.
By Blind Bolt Type
“The drive-nut bolt is expected to remain dominant, while the pull-type bolt is likely to experience faster growth during the forecast period.
- The market is segmented into drive-nut bolts and pull-type bolts.
- The drive-nut bolt is expected to remain the dominant blind bolt type in the market during the forecast period, driven by its advantages, including accessibility, installation efficiency, vibration resistance, weight savings, load-bearing capacity, and versatility.
Regional Analysis
“North America is expected to remain the largest market over the next eight years, whereas Asia-Pacific is likely to grow at the fastest rate.”
- The market is segmented into North America, Europe, Asia-Pacific, and The Rest of the World.
- North America is expected to remain the largest market for aircraft blind bolts during the forecast period. The USA is the key driver of the region’s market, with the presence of major aircraft OEMs, tier suppliers, blind bolt manufacturers, and end-users. Many leading blind bolt manufacturers are based in the region to meet the growing demands of OEMs for upcoming aircraft programs and fuel-efficient variants of existing aircraft.
- Asia-Pacific is expected to experience the highest growth in the market during the forecast period. This growth is primarily driven by the increasing aircraft fleet to accommodate rising passenger traffic, the opening of Boeing and Airbus assembly plants, the growing procurement of military aircraft due to rising defense budgets, and the upcoming indigenous aircraft like the C919.
Key Players
The market is highly concentrated, with the presence of some regional and global players. The development of lightweight and durable blind bolts and the execution of mergers & acquisitions are the key strategies adopted by the major players to gain a competitive edge in the landscape. The following are the key players in the Aircraft blind bolt market.
- TriMas Corporation
- Howmet Aerospace, Inc.
- Stanley Black and Decker, Inc.
- Precision Castparts Corp.
- LISI Aerospace
- Avantus Aerospace
Note: The above list does not necessarily include all the top players of the market.
Are you the leading player in this market? We would love to include your name. Write to us at [email protected]
Research Methodology
- This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects today’s aircraft blind bolts market realities and future market possibilities for the forecast period.
- The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market.
- The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
- This report offers high-quality insights and is the outcome of a 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.
- More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
- We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.
Report Features
This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:
- Market structure: Overview, industry life cycle analysis, supply chain analysis.
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
- Market trend and forecast analysis.
- Market segment trend and forecast.
- Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
- COVID-19 impact and its recovery curve
- Attractive market segments and associated growth opportunities.
- Emerging trends.
- Strategic growth opportunities for the existing and new players.
- Key success factors.
The aircraft blind bolts market is segmented into the following categories.
Aircraft Blind Bolts Market, by Aircraft Type
- Commercial Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
- Regional Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
- Helicopter (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
- Military Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
- General Aviation (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
Aircraft Blind Bolts Market, by Application Type
- Airframe (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
- Flight Control Surfaces (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
- Interiors (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
- Other Application Types (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
Aircraft Blind Bolts Market, by Material Type
- Titanium Fasteners (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
- Steel Fasteners (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
- Aluminum Fasteners (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
- Other Fasteners (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
Aircraft Blind Bolts Market, by Blind Bolts Type
- Drive-Nut Bolt (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
- Pull Type Bolt (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
Aircraft Blind Bolts Market, by End-User Type
- OE (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
- Aftermarket (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
Aircraft Bind Bolts Market, by Region
- North America (Country Analysis: The USA, Canada, and Mexico)
- Europe (Country Analysis: Germany, France, The UK, Russia, and The Rest of Europe)
- Asia-Pacific (Country Analysis: Japan, China, India, and The Rest of Asia-Pacific)
- Rest of the World (Country Analysis: Brazil, Saudi Arabia, and Others)
Report Customization Options
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
- Detailed profiling of additional market players (up to three players)
- SWOT analysis of key players (up to three players)
Competitive Benchmarking
- Benchmarking of key players on the following parameters: Service portfolio, geographical reach, regional presence, and strategic alliances
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to [email protected]
