Aerospace Stainless Steel and Superalloy Fasteners Market is expected to reach US$ 1.33 Billion by 2031

Growing Production of Single Aisle Aircraft to Fuel Aerospace Stainless Steel and Superalloy Fasteners Market Growth During Forecast Period

According to our latest study, "Aerospace Stainless Steel and Superalloy Fasteners Market Size and Forecast (2021–2031), Global and Regional Share, Trend, and Growth Opportunity Analysis – by Material Type, Application, Aircraft Type, Product Type, and Geography," the market was valued at US$ 0.82 billion in 2024 and is expected to reach US$ 1.33 billion by 2031; it is estimated to record a CAGR of 7.8% from 2025 to 2031. The report includes growth prospects owing to the current aerospace stainless steel and superalloy fasteners market trends and their foreseeable impact during the forecast period.  

The aerospace stainless steel and superalloys fasteners market is driven by the growing number of commercial, passenger, and combat aircraft worldwide. In addition, the changing modern warfare scenario has driven governments of various countries across the globe to allocate substantial funds and financial aid toward respective defense and military air forces. The growing defense expenditure budget indicates the government's emphasis on procuring advanced combat aircraft to fulfill the mounting requirement for security, which is fueling the aerospace stainless steel and superalloys fasteners market growth. In 2022, the US government and Lockheed Martin finalized the contract for the production and delivery of up to 398 F-35s for US$ 30 billion. In 2023, the US secured a US$ 12 billion sale of Apache attack helicopters to Poland. Under this deal, Poland is expected to receive 96 units of AH-64E Apache attack helicopters from Boeing. Also, the increasing production of narrow body aircraft is acting as a major driver for the aerospace stainless steel and superalloys fasteners market.

Aerospace Stainless Steel and Superalloy Fasteners Market Analysis — by Region

Source: The Insight Partners Analysis

The growing number of orders of narrow-body and wide-body aircraft in the commercial aircraft segment fuels the growth of the aerospace stainless steel and superalloys fasteners markets in North America, Europe, and Asia Pacific. Additionally, in 2023, the overall general aviation shipments have witnessed growth, when compared to 2022. The shipments and preliminary aircraft deliveries accounted for US$ 28.3 billion, recording an increase of ~3.3%. As per the General Aviation Manufacturers Association data, in 2023, airplane shipments witnessed a rise compared to 2022. Piston airplane deliveries increased by ~11.8%, with 1,682 units; business jet deliveries increased to 730 units from 712, and turboprop airplane deliveries surged by ~9.6%, with 638 units. The value of airplane deliveries was US$ 23.4 billion in 2023, an increase of ~2.2% from 2022.

With the rapidly growing aviation industry over the past few years, the demand for airline MRO services is also increasing. Emerging economies in Asia Pacific are substantially focused on extending MRO services to commercial as well as military aircraft companies. Major aircraft MRO businesses in the region are MTU Maintenance, China; Guangzhou Aircraft Maintenance Engineering Co., Ltd. (GAMECO); and ExecuJet Haite Aviation Services China Co., Ltd. Heavy spending on aviation infrastructure, economic growth, and upsurge in passenger count are the major factors propelling the adoption of aircraft maintenance services, which drives the aerospace stainless steel and superalloys fasteners market.

The rising number of air travelers—especially in countries across Asia Pacific, such as China, Singapore, and India—is the key factor contributing to air travel growth. As a result, the requirement for aircraft maintenance services is increasing in the region, which is boosting the demand for aerospace stainless steel and superalloy fasteners.

Based on material type, the aerospace stainless steel and superalloys fasteners market is divided into stainless steel and superalloy. The superalloy segment is further segmented into A286, Inconel 718, Waspaloy, and others. The market, in terms of application, is categorized into airframe, engine, interiors, and others. Based on aircraft type, the aerospace stainless steel and superalloy fasteners market is divided into fixed wing and rotary wing. The market, in terms of product type, is segmented into screws, rivets, nuts/bolts, and others.

The aerospace stainless steel and superalloy fasteners market forecast is estimated on the basis of various secondary and primary research findings such as key company publications, association data, and databases. Precision Castparts Corp; LISI Aerospace SAS; TriMas Aerospace; National Aerospace Fasteners Corp; Howmet Aerospace Inc; STANLEY Engineered Fastening; Saturn Fasteners Inc; B&B Specialties Inc; Raychin Limited; and MS Aerospace are among the prominent players profiled in the aerospace stainless steel and superalloys fasteners market report.

The scope of the aerospace stainless steel and superalloy fasteners market report focuses on North America (US, Canada, and Mexico), Europe (Germany, France, Italy, UK, Russia, and Rest of Europe), and Asia Pacific (China, India, Japan, Taiwan, and Rest of Asia Pacific). Asia Pacific accounted for the largest aerospace stainless steel and superalloy fasteners market share in 2024, followed by North America and Europe, respectively.

The Asia Pacific aerospace stainless steel and superalloy fasteners market is segmented into China, India, Japan, Taiwan, and the Rest of Asia Pacific. In terms of revenue, China held the largest aerospace stainless steel and superalloy fasteners market share in APAC in 2024. China has the highest economic growth in Asia Pacific. The country is a leader in the aviation sector throughout the region. China's defense and commercial airport sectors are highly developed. They are expected to grow rapidly due to the increasing number of travelers and aircraft, creating a significant need for the expansion of commercial and passenger aircraft fleets in the country. With the increasing number of commercial and military aircraft fleets, the country is expanding its aircraft strength. The country is densely populated and one of the major exporters of consumer and industrial goods. As a result, the airlines with cargo services are investing significant capital in expanding the aircraft fleet to fulfill the demand for cargo transportation. For instance, in June 2023, China Airlines signed firm orders for eight Boeing 787 passenger aircraft at the Paris Air Show. The 787 fleet will increase to 24 aircraft after all ordered aircraft are delivered by 2028. In August 2022, China Airlines decided to purchase 16 Boeing 787 passenger aircraft fitted with General Electric GEnx engines, with expected delivery by 2025. The rise in investment in expanding the aircraft fleet is anticipated to drive the aerospace stainless steel and superalloys fasteners market from 2023 to 2031.

China invests substantial amounts in its defense forces, which enable the Air Force to procure new aircraft fleets and opt for MRO activities. The Chinese defense force constantly seeks new technologies to keep its military aircraft fleets mission-ready, so the demand for MRO activities is at an all-time high. The growth in military spending and the demand for aircraft are expected to generate new growth opportunities for aircraft MRO services, which is anticipated to drive the demand for aerospace fasteners in China in the coming years.

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