A Glance at US Aerospace Fastener Industry

The recent statistics of United States Department of Commerce indicates so far there have been totally 100 manufacturers and distributors as well as 10,000 employees in the US aerospace fastener industry; the total value of the transportation of goods has exceeded USD1.2 billion, among which 15~20% of the fasteners made in US are used for aerospace industry. The annual growth rate of the US aerospace industry often surpasses other industries such as auto and basic industries. In the last 2 years, the US aerospace industry developed steadily and is expected to accelerate strong growth in 2012.

In addition, according to the report of The Freedonia Group, the US aerospace fasteners will outperform standard fasteners in 2013 while in the global market, the total output and number of employees and companies will very likely increase 4~5 times. Moreover, besides the advanced countries like the US and Europe, aerospace fasteners will experience an even higher growth in other areas.