Report : Asia Pacific Aerospace Titanium Fasteners Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Aircraft Type (Narrow Body Aircraft, Wide-Body Aircraft, General Aviation Aircraft, Cargo Aircraft, Helicopters, and Military Aircraft), Product Type (Bolts, Nuts, Screws, Rivets, and Others), Application (Flight Control Surface, Airframe, Engine, Interiors, and Landing Gear), and End User (Aircraft Manufacturers, MRO Services Providers, and Military Forces)
Bolts Segment to Dominate APAC Aerospace Titanium Fasteners Market During 2021–2028
According to a new market research study on “APAC Aerospace Titanium Fasteners Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Aircraft Type, Product Type, Application, and End User” is expected to reach US$ 295.70 million by 2028 from US$ 157.58 million in 2021. The market is estimated to grow at a CAGR of 9.4% from 2021 to 2028. The report provides trends prevailing in the APAC aerospace titanium fasteners market along with the drivers and restraints pertaining to the market growth. Growing demand of light weight fasteners is the major factor driving the growth of the APAC aerospace titanium fasteners market. However, discontinuation of A380 and B747 manufacturing hinders the growth of APAC aerospace titanium fasteners market.
The APAC aerospace titanium fasteners market is segmented based aircraft type, product type, application, end user, and country. Based on aircraft type, the market is segmented into narrow body aircraft, wide-body aircraft, general aviation aircraft, cargo aircraft, helicopters, and military aircraft. The narrow body aircraft segment dominated the market in 2020 and wide body aircraft segment is expected to be fastest growing during forecast period. Based on product type, the market is segmented into bolts, nuts, screws, rivets, and others. The bolts segment dominated the market in 2020 and others segment is expected to be fastest growing during forecast period. Based on application, the market is segmented into flight control surface, airframe, engine, interiors, and landing gear. The airframe segment dominated the market in 2020 and engine segment is expected to be fastest growing during forecast period. Based on end user, the market is segmented into aircraft manufacturers, MRO services providers, and military forces. The aircraft manufacturers segment dominated the market in 2020 and MRO service providers segment is expected to be fastest growing during forecast period. Based on country, the APAC aerospace titanium fasteners market is segmented into the Australia, China, India, Japan, South Korea, and Rest of APAC.
Cherry Aerospace (PCC); Ferralloy Inc.; Leeart Industry Co., Ltd.; LISI Aerospace; Superbti Co.,ltd.; TorqBolt P(Ltd); TriMas Corporation; and XOT Metals are among the leading companies in the APAC aerospace titanium fasteners market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2021, TriMas announced that it has recently signed agreements to acquire TFI Aerospace, to be added to TriMas Aerospace. TFI is a leading manufacturer and supplier of specialty fasteners used in a variety of applications, predominantly for the aerospace end market.
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