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Global Aerospace Fasteners Market to be Driven by Rising Adoption 3D Printing and Robotics Technology in the Forecast Period of 2021-2026

Aerospace Fasteners Market

The new report by Expert Market Research titled, ‘Global Aerospace Fasteners Market Size Report and Forecast 2021-2026’, gives an in-depth analysis of the global aerospace fastener market, assessing the market based on its segments like product, material type, application, aircraft type, end use, and major regions.

The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

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The key highlights of the report include:

Market Overview (2016-2026)

3D printing innovations and automation advancement have shown a wide array of benefits in the car industry. Autonomous robotic manufacturing has increased output speed and productivity and helps to minimise human mistakes and dependency on workers. Quick mass manufacturing, easier performance, improved performance, tangible design and product creation, cost-effective, innovative design, and flexibility of modification, and less waste generation are the advantages of 3D printing technology.

During the forecast period, the demand from North America is projected to see a steady rate of growth. Growing adoption of advanced manufacturing technology will further increase demand in the region. Growing investment on R&D operations is expected to fuel market growth in North America. Europe is expected to develop excellently during the forecast era due to the booming aerospace industry in European countries.

Industry Definition and Major Segments

Aerospace fasteners are the hardware used to connect two or more objects. Furthermore, aerospace fasteners are the instruments that bind aircraft parts during original equipment manufacturing and aftermarket servicing.

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By product, the market is divided into:

Based on material type, the market segmented into:

On the basis of application, the market is bifurcated into:

By aircraft type, the market is divided into:

Based on end-use, the market segmented into:

The regional markets for the product include:

Market Trends

A crucial factor in growing demand growth over the forecast timeframe would be increased customer desire to travel by air. Factors that can create lucrative market prospects are the ease, cost-effectiveness, protection, and fast travel that air travel offers. Increased import and export activities have resulted in higher air traffic, thus fueling demand in the industry.

Growing commercial aircraft production will allow for increased business growth due to the need for newer and more advanced aircraft. The growing aircraft modernisation programs in numerous nations will have a major impact on the industry in the coming years.

Key Market Players

The major players in the market are Stanley Black & Decker Inc., Precision Castparts Corp., LISI Aerospace (SAS), Trimas Corporation, The Boeing Company, and National Aerospace Fasteners Corporation, among others.

The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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Expert Market Research (EMR) is leading market research company with clients across the globe. Through comprehensive data collection and skilful analysis and interpretation of data, the company offers its clients extensive, latest and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium scale enterprises.

EMR customises syndicated reports according to clients’ requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.

Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.

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