Aircraft Rivets Market is Forecasted to Reach US$ 423 Million in 2032, Says Stratview Research

Stratview Research, a global market research firm, has launched a report on the global aircraft rivets market, which provides a comprehensive outlook of the global and regional industry forecast, current & emerging market trends, segment analysis, competitive landscape, & more.

Click here to get a free sample of the report:

https://www.stratviewresearch.com/Request-Sample/3581/aircraft-rivets-market.html#form

Market Statistics:

Market Size in 2023: US$ 281 million

Market Size in 2032: US$ 423 million

Growth (CAGR): 4.8% during 2024-2032

Leading Aircraft Type: Commercial Aircraft

Leading Application Type: Airframe

Leading Material Type: Titanium Rivets

Leading End-User Type: OE

Leading Product Type: Blind Rivets

Leading Region: North America

Forecast Period: 2024-2032

Trend Period: 2018-2022

Base Year: 2023

Number of Segments Covered: 6

Number of Tables & Graphs: 100+

Country-Level Market Assessment: 20

Segment Insights & Market Share Analysis of the Aircraft Rivets Market:

The global aircraft rivets market is segmented based on aircraft type, product type, application type, material type, end-user type, and region.

Based on aircraft type –

·        The aircraft rivets market is segmented into commercial aircraft, regional aircraft, helicopters, military aircraft, and general aviation. 

·        Commercial aircraft are projected to remain the largest and fastest-growing segment in the aircraft rivets market throughout the forecast period. This growth is driven by the substantial number of rivets required for their larger structures compared to other aircraft types.

·        Additionally, increasing production rates of major aircraft programs, the introduction of new models like the C919, B777X, and MC-21, and the expanding global fleet size further contribute to the market's upward trajectory.

Based on product type –

·        The market is segmented into blind rivets and solid rivets. 

·        Blind rivets are anticipated to maintain their position as the dominant and faster-growing type of rivet during the forecast period. Their popularity stems from key advantages such as resistance to vibration, quick installation, reliability, and ease of inspection and maintenance.

·        Additionally, their unique design, allowing installation from only one side, makes them ideal for use in tight or hard-to-reach spaces. This versatility positions blind rivets as an excellent alternative to solid rivets in various applications.

Based on application type –

·        The market is segmented into airframes, flight control surfaces, interiors, engines, and other application types. 

·        The airframe segment is projected to remain the dominant application type in the aircraft rivets market during the forecast period. As the largest structure in an aircraft, the airframe requires extensive use of rivets, particularly in critical areas such as the wings and fuselage, solidifying its leading position in the market.

Based on material type –

·        The market is segmented into titanium, aluminum, steel, and other material types. 

·        Titanium is projected to remain the leading material type in the aircraft rivets market throughout the forecast period. Titanium rivets are widely used in aircraft due to their numerous advantages, including excellent compatibility with composite materials, superior corrosion resistance, outstanding mechanical properties, heat resistance, and a high strength-to-weight ratio. These attributes make them a preferred choice for modern aerospace applications.

To know the most attractive segments, click here for a free sample of the report:

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Which region shows the most promising growth forecast and opportunity?

The analysis suggests that North America is expected to remain the largest market for aircraft rivets during the forecast period. This growth outlook is mainly attributed to the following:

-      Driven by its status as the manufacturing hub of the aircraft industry. The region is home to numerous aircraft OEMs, tier suppliers, rivet manufacturers, and distributors, contributing to its market dominance..

-      U.S. operators, such as EdgePresence and EdgeMicro, are investing in these centers, while Canada is expanding its data center infrastructure in response to rising demand and sustainability initiatives.

Likewise, Asia-Pacific region is likely to experience the highest growth due to the expanding aircraft fleet to meet increasing passenger traffic, the establishment of assembly plants by Boeing and Airbus for various aircraft programs, and the development of the indigenous C919 aircraft. China and India are expected to be the key growth drivers in the region.

Aircraft Rivets Market Drivers:

Some of the key drivers listed in the report are given below.

-      Rising aircraft deliveries which is further fueled by increasing passenger traffic.

-      The introduction of variants of existing programs.

-      The development of lightweight and corrosion-resistant rivets.

-      Changing OEMs preferences from permanent fasteners to blind fasteners.

Competitive Landscape: Top 10 Companies in the Aircraft Rivets Market:

The market is moderately fragmented, with over 20 players. Most of the major players compete on some of the governing factors, including price, service offerings, regional presence, etc. Stratview Research has identified the following companies as the top market players:

-         Precision Castparts Corp Co., Ltd.

-        Howmet Aerospace

-        TriMas Corporation

-        LISI Aerospace

-        Stanley Black & Decker, Inc.

-        Avantus Aerospace.

What Unique Insights Does This Report Offer?

This report provides comprehensive insights into the aircraft rivets market, answering critical questions like

-      How big is the sales opportunity?

-      Which regions offer the best sales opportunities?

-      Which are the most attractive market segments?

-      Which are the top players and their market positioning?

-      How complex is the business environment?

-      What are the factors affecting the market?

For Customization or Any Other Queries, get in Touch with our industry experts at sales@stratviewresearch.com

Related Reports:

-      Aircraft Fasteners Market

-      Aircraft Blind Fasteners Market

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About us –

Stratview Research is a global market research and consulting firm that highly specializes in IT & telecom, aerospace & defense, chemicals, and a few other industries.

It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to make convincing business decisions.

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