Market Overview
The global aerospace fastener market encompasses a wide range of hardware used in the assembly of commercial, military, and general aviation aircraft, as well as spacecraft. Valued at approximately $7.58 billion in 2025, the market is estimated at $8.164 billion in 2026 and is projected to grow at a compound annual growth rate of 7.7%, reaching $15.85 billion by 2031. Fasteners represent a foundational segment of the aerospace supply chain, with demand closely tied to aircraft production rates and maintenance cycles.
Growth Drivers
The market is primarily fueled by surging commercial aircraft demand as airlines expand fleets to meet growing passenger traffic, particularly in emerging economies. Defense spending increases and the need for next-generation military platforms also contribute to demand. Additionally, the global commercial aviation fleet is aging, requiring ongoing maintenance and replacement fasteners, while new aircraft programs incorporating lightweight materials drive demand for advanced fastener solutions.
Segmentation and Regional Analysis
The market segments by product type, bolts, screws, nuts, pins, and fittings, with threaded fasteners comprising the largest share. Material-wise, the market includes titanium, aluminum, steel, and high-temperature superalloy fasteners, each chosen for specific load-bearing and environmental requirements. Geographically, North America and Europe currently dominate due to established OEM and tier-one supplier ecosystems, while Asia-Pacific is emerging as the fastest-growing region driven by aircraft production expansion in China and India.
Trends and Outlook
What are the recent trends and outlook?
The industry is moving toward additive manufacturing and Industry 4.0 digitalization to produce complex fastener geometries and optimize inventory management. Sustainability pressures are encouraging lightweight material adoption and recyclable fastener designs to reduce aircraft fuel consumption. Looking ahead, the market is expected to maintain robust growth through 2031, supported by record aircraft order books and the ongoing transition to more fuel-efficient aircraft platforms requiring advanced fastening technologies.
Key Companies and Developments
Named companies and quantified developments shaping the Aerospace Fastener Market market.
- •Precision Castparts Corp - The top three manufacturers Precision Castparts Corp, Howmet Aerospace, and LISI Aerospace collectively hold a significant share of about 76%.
- •Howmet Aerospace - The top three manufacturers Precision Castparts Corp, Howmet Aerospace, and LISI Aerospace collectively hold a significant share of about 76%.
- •LISI Aerospace - The top three manufacturers Precision Castparts Corp, Howmet Aerospace, and LISI Aerospace collectively hold a significant share of about 76%.
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Connect to an analyst →Market size and forecast are Claight Analysis, informed by public research and industry data. Historical years before 2026 and all forecast years are Claight estimates at the stated CAGR. Retrieved 2026.