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Aircraft Blind Bolts Market is Forecast to Reach US$ 208.9 Million in 2028, Says Stratview Research
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The global aircraft blind bolts market is segmented based on aircraft type, application type, material type, blind bolt type, end-user type, and region.
- The aircraft blind bolt market is segmented into commercial aircraft, regional aircraft, helicopters, military aircraft, and general aviation. during the forecast period. The expected increase in the production rate of key aircraft programs, such as the A320 and B737, the return in service of the B737Max, the expected entry of new aircraft programs (C919, B777x, and MC-21), and rising aircraft fleet size are key factors driving the demand for the segments' growth.
- The market is segmented into airframe, control surfaces, interior, engine, and others. during the forecast period. The airframe is the largest structure in the aircraft, where blind bolts are used in a wide array of applications, including wings and fuselage, leading to its dominance in the market.
- The market is segmented into titanium, aluminum, steel, and others. There has been an incessant replacement of steel and other heavy metal-based blind bolts with titanium blind bolts, owing to their excellent performance at a relatively low weight.
- The market is segmented into drive-nut bolts and pull-type bolts. during the forecast period, driven by their advantages such as accessibility, installation efficiency, vibration resistance, weight savings, load-bearing capacity, and versatility.
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The report suggests that . This growth is majorly attributed to the following –
- The USA is the growth engine of the region's market with the presence of major aircraft OEMs, tier players, blind bolt suppliers, and end-users.
- All the major blind bolt manufacturers have their presence in the region to address the emergent needs of the OEMs to be the partners for their upcoming aircraft programs or upcoming fuel-efficient variants of existing aircraft programs.
Likewise, The highest growth of
Asia-Pacific is mainly attributable to the increasing aircraft fleet to support rising passenger traffic; the opening of assembly plants of Boeing and Airbus; the increasing procurement of military aircraft owing to the rising defense budget; and the upcoming indigenous aircraft (C919).
Some of the key reasons that are propelling the growth of the market include-
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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:
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