The aerospace stainless steel and superalloy fasteners market size is projected to reach US$ 1.33 billion by 2031 from US$ 0.82 billion in 2024. The market is expected to register a CAGR of 7.8% during 2025–2031. Growing focus on fabricating sustainability in aerospace manufacturing is likely to emerge as a new trend in the market in the coming years.
The key factors fueling the growth of the aerospace stainless steel and superalloy fasteners market include an increasing number of MRO activities in emerging economies, a growing number of general aviation aircraft and helicopter deliveries, and a rising number of orders and production of narrow body aircraft. Moreover, the integration of simulation technologies is projected to create opportunities for the key players operating in the market during the forecast period.
The aerospace stainless steel and superalloy fasteners market is segmented into North America, Europe, and Asia Pacific. The presence of several manufacturers and suppliers of stainless steel and superalloy fasteners in these regions drives the market. TriMas; Precision Castparts Corp.; Howmet Aerospace Inc.; LISI Aerospace SAS; Saturn Fasteners, Inc.; National Aerospace Fasteners Corp.; and Raychin Limited are among the key players based in North America, Europe, and Asia Pacific.
In June 2024, Airbus' A330-900 flight-test aircraft—MSN1795/F-WTTN—flew to Toluca in Mexico and then to La Paz in Bolivia. The test was a part of Airbus's high-altitude test campaign. Airbus is focusing on increasing production of the A350 and A330neo and working on the potential launch of an A330neo-based freighter. Airbus supplied 735 commercial aircraft in 2023, which is a ~11% increase from 2022. Airbus accounted for overall 2,319 orders of commercial aircraft, comprising 1,835 A320 Family and 300 A350 Family aircraft. In 2023, Boeing delivered a total of 528 aircraft, including 396 Boeing 737 jets and 73 Dreamliners. Additionally, in May 2024, IndiGo collaborated with Embraer, ATR, and Airbus to order approximately 100 smaller planes as it targets to widen its regional network. Thus, continuous development in the commercial aircraft sphere is projected to propel the growth of the aerospace stainless steel and superalloy fasteners market in the coming years. Also, the growing demand for stainless steel and superalloy fasteners in the aerospace sector, owing to the rising number of new aircraft fleet production and increasing MRO services, is boosting the growth of the market in North America, Europe, and Asia Pacific.
The air passenger traffic is expanding at a continuous pace, which has driven the airlines to mount their flight movements and commence new aircraft. Aircraft MRO activities are fundamental in maintaining component accessibility, consistency, and quality. Airline operators depend on MRO services to ensure the safety of the aircraft and improve fuel efficiency, which impacts the growth of the aerospace stainless steel and superalloys fasteners market.
The demand for maintenance and repair of aircraft parts is witnessing a surge in Asia Pacific. Growth in the aviation industry can be more concentrated in Asia Pacific, particularly in China and India. Also, Singapore and Malaysia are a few of the major contributors to the growth of the aircraft MRO services sector, which is having a positive impact on the aerospace stainless steel and superalloys fasteners market. Asia Pacific is projected to experience robust growth in the aviation industry, which is likely to boost the demand for aerospace fasteners in the coming years.
The rise in investment to expand aircraft fleets across Europe and North America also contributes to the growth of the aerospace stainless steel and superalloy fasteners market in these regions. In addition, an increase in government initiatives to finance or invest in military and defense aircraft to enhance safety and strengthen the defense sectors of these regions is projected to propel the aerospace stainless steel and superalloy fasteners market growth during the forecast period. Moreover, the growth of the tourism industry in countries in Asia Pacific, such as India, Indonesia, Thailand, and Singapore, is projected to fuel the demand for aircraft fleets, boosting the aerospace stainless steel and superalloy fasteners market growth.
The aerospace industry has been developing rapidly over the years, recording a substantial number of aircraft production and deliveries. This has demonstrated massive order volumes for various commercial aircraft manufacturers across the globe. Commercial aviation is anticipated to surge in the coming years with an increase in air travel passengers and aircraft volumes. The increase in orders of narrow body passenger and commercial aircraft across the globe drives the demand for aircraft brackets. With the growing number of air travel passengers, airlines are emphasizing expanding to more remote locations by launching routes to smaller city airports. With the mounting number of aircraft and airports, the demand for fasteners is also increasing. In 2023, Boeing and Greater Bay Airlines (GBA) received an order for 15 units of 737-9 airplanes. The agreement also incorporates a pledge for five 787 Dreamliners to support GBA's long-term strategy to introduce international long-haul service.
Airbus estimates that ~40,850 new passenger and cargo aircraft will be delivered from 2023 to 2042, of which approximately 32,630 will be typical single-aisle aircraft and 8,220 will be typical wide body aircraft. In addition, the requirement for freight aircraft is projected to reach ~2,510 aircraft, with around 920 newly built freight aircraft during the same timeframe. Thus, the rising number of orders and production of narrow body aircraft boosts the aerospace stainless steel and superalloys fasteners market growth.
As per Insight Partners analysis and various aerospace industry resources in 2024, the total number of existing commercial aircraft was more than ~28,395 across the globe, including over 17,260 narrow body aircraft; approximately 5,755 widebody aircraft; ~3,040 regional jets; and ~2,334 Turboprop. Furthermore, by 2034, the total number of commercial aircraft is anticipated to be approximately more than 36,400 worldwide, including over 22,974 narrow body aircraft; ~7,400 widebody aircraft; approximately 3,465 regional jets; and ~2,565 Turboprop. China and India are projected to show more than 3.5% growth in air travel from 2023 to 2042. In addition, according to the ch-aviation data on aircraft fleet orders from across the world, as of June 2023, the US accounted for the highest number of aircraft orders (excluding military aircraft and aircraft with unknown operator/engine) worldwide with a total of 3,147 aircraft on order—followed by Ireland, China, and India with 1,247; 1,239; and 888 aircraft orders, respectively. According to the same data, the top five consumers with aircraft orders are United Airlines, IndiGo Airlines, Lion Air, Air Lease Corporation, and AirAsia, among which two are based in Asia Pacific. Further, according to the various aerospace industry sources analysis, the total commercial aircraft fleet size in Asia Pacific stood at 8,653 in 2024, which is likely to reach approximately 11,582 aircraft by the end of 2034. Engine and airframe maintenance and repair appear to be the most prominent in 2024. Thus, the growing global aircraft fleet size is expected to generate new opportunities for aircraft component suppliers, including stainless steel and superalloy fasteners manufacturers, in the coming years.
Key segments that contributed to the derivation of the aerospace stainless steel and superalloy fasteners market analysis are material type, application, aircraft type, and product type.
The geographic scope of the aerospace stainless steel and superalloy fasteners market report is mainly divided into three main regions: North America, Asia Pacific, and Europe. Asia Pacific dominated the aerospace stainless steel and superalloy fasteners market in 2024; it is likely to continue its dominance during the forecast period. Asia Pacific is a large aviation consumer base with more than 4 billion people and dynamic economies that together generate ~35% of global GDP. According to The Insight Partners analysis, in 2024, Asia Pacific had a fleet of more than 4,525 operational commercial aircraft, which is expected to reach ~5,150 commercial aircraft fleet by the end of 2034. Asia Pacific had more than ~2,263 operational narrow body commercial aircraft, and the number is expected to reach ~2,465 by the end of 2034. Further, Asia Pacific had more than ~1,360 operational wide body commercial aircraft, which is expected to reach ~1,655 by the end of 2034. The aviation industry in the region makes a crucial contribution to its social and economic development. The growth of Asia Pacific has been primarily attributed to the wide range of income levels and the rapidly growing middle class. This resulted in robust order gains from the fast-developing economies of Asia Pacific, such as India and China. Asia Pacific is expected to offer ample opportunities for fasteners providers in the future. Asia Pacific has several growing economies, which are leading the growth of a variety of sectors, including aerospace, military & defense, and technology. Asia Pacific has witnessed heavy imports of modern commercial aircraft in recent years due to the increasing number of international travelers from countries such as India, China, Japan, and Taiwan. The number of airports in the region is increasing, which, in turn, boosts the demand for aircraft fleets from airline companies.
| Report Attribute | Details |
|---|---|
| Market size in 2024 | US$ 0.82 Billion |
| Market Size by 2031 | US$ 1.33 Billion |
| Global CAGR (2025 - 2031) | 7.8% |
| Historical Data | 2021-2023 |
| Forecast period | 2025-2031 |
| Segments Covered |
By Material Type
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The aerospace stainless steel and superalloy fasteners market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the aerospace stainless steel and superalloy fasteners market are listed below:
TriMas signed an agreement to acquire the operating net assets of Weldmac Manufacturing Company ("Weldmac"), a designer and manufacturer of high-performance, complex metal fabricated components and assemblies for the aerospace, defense, and space launch end markets. (Source: TriMas, Press Release, 2023)
TriMas, a multinational manufacturer and provider of aerospace equipment headquartered in the US, purchased TFI Aerospace Corporation outright. TFI, headquartered in Toronto, is a leading manufacturer and supplier of specialty fasteners for aerospace, transportation, and industrial applications. (Source: TriMas, Press Release, 2021)
The "Aerospace Stainless Steel And Superalloy Fasteners Market Size and Forecast (2021–2031)" report provides a detailed analysis of the market covering below areas:
The aerospace stainless steel and superalloy fasteners market was valued at US$ 0 million in 2023 and is projected to reach US$ 1,334.44 million by 2031; it is expected to grow at a CAGR of 7.4% during 2023–2031.
Increasing number of MRO activities in emerging economies and growing number of general aviation aircraft and helicopter deliveries are the driving factors impacting the aerospace stainless steel and superalloy fasteners market.
Focus on fabricating sustainability in aerospace manufacturing is the future trends of the aerospace stainless steel and superalloy fasteners market.
The key players, holding majority shares, in aerospace stainless steel and superalloy fasteners market includes Precision Castparts Corp., LISI Aerospace SAS, TriMas Aerospace, Howmet Aerospace Inc, and B&B Specialties, Inc.
Asia Pacific is anticipated to grow with the highest CAGR over the forecast period 2024-2031.
The stainless steel segment held the largest market share in 2023.