Aircraft Screws Market estimated to reach US$ 649 million in the forecast period

Feb 12, 2021/IndustryNewsGlobal/ -- The report on the Aircraft Screws Market has been launched by Stratview Research is an all-inclusive report that talks about the market structure and growth in the forecast period of 2019-2024.

The report also offers insights into different market segments and other factors affecting the market.

Stratview Research’s report states about the segment-wise current market condition, and also offers an estimation about future growths. The report has been generated after accumulating data from various authenticated sources such as journals, white papers, fact book, etc. As per the estimation, Aircraft Screws Market is expected to reach US$ 649 million by the forecast period (2019 – 2024).

As per the report, the market is segmented by:

• Aircraft Type (Commercial Aircraf, Military Aircraft, and Others),
  • Material Type (Titanium, Stainless Steel, and Other Screws),
  • Application Type (Airframe, Interiors, and Others),
  • End-User Type (OE, and Aftermarket),
  • Region

o North America (Country Analysis: The USA, Canada, and Mexico)
o Europe (Country Analysis: Germany, France, The UK, Spain, Russia, and Rest of Europe)

o Asia-Pacific (Country Analysis: Japan, China, India, and Rest of Asia-Pacific)
o Rest of the World (Sub-Region Analysis: The Middle East, Latin America, and Others)

Highlights of the Report:

The global aircraft screws market is segmented based on the aircraft type as Commercial Aircraft, Military Aircraft, Regional Aircraft, General Aviation, and Helicopter. Commercial Aircraft is likely to remain the growth engine of the market during the forecast period. Both, Boeing and Airbus, are raising the production rates of their respective best-selling commercial aircraft programs of B737 and A320. Further, there is also an increase in the production rate of next-generation aircraft program B787 and A350XWB, which is also likely to spur the growth of the segment.

Based on the material type, the aircraft screws market is segmented into titanium screws, stainless steel screws, and other screws. Titanium is likely to remain the most dominant material type in the aircraft screws market over the next five years, propelled by increasing usage of titanium in the manufacturing of screws by replacing steel and aluminum screws. Titanium offers significant weight-saving advantage along with excellent corrosion resistance as compared to other competing materials.

Based on the application type, the airframe is projected to remain the largest application segment of the aircraft screws market during the forecast. Fuselage and wings cover a large surface area and have thousands of screws deployed in them, which make airframe the most dominant segment. Interior is projected to grow with the highest rate during the forecast period, driven by growing replacement or refurbishment of cabin interiors.

Based on the end-user type, OE sales is likely to remain the larger segment of the market during the forecast period. There are more than 100 aircraft OEMs worldwide, the majority of those have assembly plants located in North America and Europe. This makes these two regions as the most dominant OE markets for aircraft screws. The aftermarket segment is likely to witness the higher growth in the market during the forecast period.

Based on the regions, North America is expected to remain the largest market for aircraft screws during the forecast period as the region is the manufacturing capital of the aircraft industry with the presence of several large- to small-sized aircraft OEMs, tier players, screw manufacturers, and distributors. The USA is not only the largest market for aircraft screws in North America but also in the world. Boeing, Lockheed Martin, Bell Helicopter, Gulfstream Aerospace Corporation, and The Cessna Aircraft Company are some of the major OEMs in the USA, which generate a healthy demand for screws in the country. Asia-Pacific is likely to depict the highest growth during the same period. China and India are the growth engines of the Asia-Pacific’s aircraft screws market. These economies keep on generating a high demand for commercial aircraft to support the rising passenger traffic.

Key Players of the Market

Some of the key aircraft screws manufacturing companies are Acument Global Technologies, Inc., Arconic Inc., B & B Specialties, Inc., Consolidated Aerospace Manufacturing LLC, Lisi Aerospace, Precision Castparts Corp. (PCC), and TriMas Corporation.

Features of the Report

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. Here are the key features of the report:

• Strategic Segmentation
• Competitive Analysis
• Strategic Growth Opportunities
• Swot Analysis
• Key Players
• Forecast Analysis & Future Growth