The aerospace fasteners market 2020 is likely to touch an attractive valuation of USD 9 Billion between 2016 and 2021 (analysis period), claims Market Research Future (MRFR). We will provide COVID-19 impact analysis with the report, along with an in-depth review post the coronavirus disease outbreak.
Top Drivers and Deterrents
The COVID-19 outbreak has been brutal on the aviation industry, with the lockdown temporarily halting transportation as well as manufacturing across the world. The pandemic has also raised the prices of raw materials, affecting their supply altogether, negatively affecting the manufacturing of aerospace fasteners. Despite the spread of the SARS-CoV-2 infection and the travel bans worldwide, order for aircraft are increasing, but manufacturers are facing issues in catering to this demand due to shortage of workforce and more. However, the novel coronavirus has encouraged players to focus more on the automation technology, boost in-house production capacity and smart transportation services, to bring down the dependency on the raw material suppliers. These strategies being employed by the leading firms is bound to work in the market’s favor in the forthcoming timeline.
Even before the COVID-19 impact, the promising growth of the aviation industry has remained a key factor in the growth of the aerospace fasteners market, given the consistent rise in air traffic. Taking this into account, aircraft manufacturers like Boeing, Bombardier, Airbus and Embraer have been increasingly emphasizing on fostering their production capacity to cater to the pressing demand for new airplanes.
Free Sample Report @ https://www.marketresearchfuture.com/sample_request/1138
Several aircraft part suppliers are also focused on accelerating their manufacturing capabilities to fulfill the need for different aircraft systems. Besides, the increasing spending on the defense sector has boosted the procurement of advanced military aircraft as well as fighter jets. The rise in disputes between nations and the alarming growth in terrorist activities worldwide has led to higher procurement of various solutions for fortifying borderline security, which has meant higher sales of aerospace fasteners.
Robotics and 3D printing technologies are some of the top trends emerging in the manufacturing sector, since these help increase the process quality and speed. Moreover, automation in manufacturing helps bring down the changes of human errors along with the dependency on human workforce. The 3D printing technology is extensively used by leading manufacturers as it helps speed up mass production, are easily accessible, boost quality along with product testing and tangible design. These advantages have led to a surge in the acceptance of these technologies in the manufacturing of aerospace fasteners.
Table of Contents
1 EXECUTIVE SUMMARY
2 SCOPE OF THE REPORT
2.1 MARKET DEFINITION
2.2 SCOPE OF THE STUDY
2.2.2 RESEARCH OBJECTIVE
2.3 RESEARCH PROCESS
2.3.1 PRIMARY RESEARCH
2.3.2 SECONDARY RESEARCH
2.4 MARKET SIZE ESTIMATION
2.5 FORECAST MODEL
3 MARKET LANDSCAPE
3.1 PORTER’S FIVE FORCES ANALYSIS
3.1.1 THREAT OF NEW ENTRANTS
3.1.2 BARGAINING POWER OF BUYERS
3.1.3 THREAT OF SUBSTITUTES
3.1.4 SEGMENT RIVALRY
3.1.5 BARGAINING POWER OF BUYERS
3.2 VALUE CHAIN/SUPPLY CHAIN ANALYSIS
4 MARKET DYNAMICS
4.2 MARKET DRIVERS
4.3 MARKET RESTRAINTS
4.4 MARKET OPPORTUNITIES
4.5 MARKET TRENDS
5 GLOBAL Aerospace Fasteners Market, BY PLATFORM
Related Report @