The global aerospace fasteners market size was estimated at USD 7.28 billion in 2024 and is projected to reach USD 13.61 billion by 2033, growing at a CAGR of 7.2% from 2025 to 2033. The market is experiencing robust growth, primarily driven by the steady increase in commercial air travel, ongoing defense modernization initiatives, and the rapid expansion of global space exploration programs. Rising passenger volumes and increased air cargo movement across international and domestic routes have compelled aircraft manufacturers to accelerate aircraft production rates. This surge in manufacturing activity has directly increased demand for high-performance aerospace fasteners that are lightweight, durable, and capable of withstanding extreme mechanical loads, temperature fluctuations, vibration, and harsh environmental conditions encountered in both commercial and military aircraft operations.

Key drivers of the aerospace fasteners market include the expansion of global aircraft fleets, growing demand for fuel-efficient and next-generation aircraft, and the increasing adoption of advanced composite materials in aircraft structures and interiors. Modern aircraft designs increasingly rely on composite materials to replace traditional metal components, significantly reducing overall aircraft weight and improving fuel efficiency. Fasteners play a critical role in securely joining these lightweight composite structures while maintaining structural integrity and safety. In addition, the growing demand for maintenance, repair, and overhaul (MRO) services worldwide is contributing to higher replacement rates for aerospace fasteners. As aircraft fleets age and flight cycles increase, regular inspection and replacement of fasteners are essential, further supporting sustained market growth.

The aerospace fasteners market is characterized by a moderately concentrated competitive structure, with a limited number of global players holding a substantial share of the market. These leading companies benefit from strong technological expertise, long-term supply agreements with major aircraft manufacturers, and strict compliance with demanding aerospace quality and safety standards. Prominent market participants such as Howmet Aerospace, LISI Aerospace, Precision Castparts Corp., and Stanley Black & Decker maintain significant market positions due to their advanced manufacturing capabilities and certified product portfolios. High barriers to entry, including rigorous certification requirements, capital-intensive production processes, and long-established supplier relationships with original equipment manufacturers (OEMs) such as Boeing and Airbus, limit new entrants. Nevertheless, regional manufacturers and specialized suppliers are gradually gaining market presence by focusing on niche applications, offering shorter lead times, and delivering customized fastening solutions.

Key Market Trends & Insights:

• North America dominated the aerospace fasteners market with the largest revenue share of 40.7% in 2024. The U.S. aerospace fasteners market remains a global leader, supported by consistent aircraft production, extensive defense programs, and a strong presence of MRO activities across commercial and military aviation sectors.
• The Asia Pacific region is expected to grow at the fastest CAGR of 7.5% over the forecast period, driven by rapid expansion in commercial aviation, rising defense expenditures, and the development of domestic aerospace manufacturing capabilities in emerging economies.
• By aircraft type, the commercial aircraft segment accounted for the largest market share of 67.0% in 2024 and is also projected to grow at the fastest CAGR of 7.4% during the forecast period. This growth reflects increasing aircraft deliveries to meet rising passenger demand and airline fleet modernization efforts.
• By product, the bolts segment held the largest revenue market share of 29.9% in 2024, attributed to their widespread use in critical structural applications. Meanwhile, the rivets segment is expected to grow at the fastest CAGR of 7.7% over the forecast period, primarily due to their extensive application in aircraft assembly, particularly for joining sheet metal components in fuselages, wings, and control surfaces.

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Market Size & Forecast:

• 2024 Market Size: USD 7.28 Billion
• 2033 Projected Market Size: USD 13.61 Billion
• CAGR (2025-2033): 7.2%
• North America: Largest market in 2024
• Asia Pacific: Fastest growing market

Key Companies & Market Share Insights:

Some of the key players operating in the aerospace fasteners market include SFS Group and Boeing.

• SFS Group is a major global supplier of high-performance fastening systems, serving both civil and military aerospace sectors. The company emphasizes precision-engineered fasteners and lightweight solutions designed to meet stringent aerospace certification and performance requirements.
• Boeing provides a broad range of aerospace fasteners for its commercial and defense aircraft through its distribution services division. The company supports global aerospace supply chains by offering certified fastener components along with comprehensive MRO support solutions.
• Precision Castparts Corp. (PCC) and Howmet Aerospace are among the prominent and fast-growing participants in the aerospace fasteners market.
• PCC is a leading manufacturer of complex metal components and high-strength aerospace fasteners, known for its vertically integrated operations that supply critical fastening systems for jet engines, airframes, and defense applications.
• Howmet Aerospace is a major producer of engineered fastening solutions, supplying advanced titanium and nickel-alloy fasteners for both commercial and military aircraft. The company focuses on innovation through the adoption of advanced materials, surface coatings, and automated manufacturing technologies to meet increasing demand and evolving aerospace performance standards.

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Conclusion:

In conclusion, the global aerospace fasteners market is poised for strong growth, supported by rising commercial air travel, expanding aircraft fleets, and ongoing defense and space modernization programs. The increasing emphasis on fuel efficiency and lightweight aircraft design has accelerated the adoption of advanced fasteners compatible with composite materials. Growing demand for MRO services worldwide is further contributing to higher fastener replacement cycles, reinforcing steady market expansion. North America continues to dominate the market due to its mature aerospace ecosystem, while Asia Pacific is emerging as the fastest-growing region driven by rapid aviation growth and manufacturing investments. The commercial aircraft segment remains the largest and fastest-growing end user, reflecting sustained demand for new aircraft deliveries. Meanwhile, innovations in fastener materials, coatings, and production technologies are enhancing performance and reliability. Overall, strong OEM partnerships, high entry barriers, and continuous technological advancements are expected to support long-term growth of the aerospace fasteners market through the forecast period.