B/E Aerospace, LISI, and TriMas Will Dominate the Global Aerospace Fastener Market from 2014 to 2018

The analyst forecast that the composite annual growth rate of the global aerospace fastener market during 2013 to 2018 will reach 7.75% mainly influenced by the increasing demand for commercial aircrafts and low-cost carriers in the Asia Pacific Region. However, the fluctuation of raw material prices will be a challenge for the current market. So far, aerospace fastener companies that are quite active in the market are 3V Fastener Company Inc., Allfast Inc., B&B Specialities, Inc., Emhart Teknologies LLC, National Aerospace Fasteners Corp., Precision Castparts Corp., TFI Aerospace Corp., TPS Aviation Inc., and Wesco Aircraft Holding. But the market is mainly dominated by Alcoa Inc., B/E Aerospace Inc., LISI Group, and Trimas Corp.

The demand for low-cost carriers in the market also increases the global demand for cost-effective aircraft models, which are generally used in short-haul routes and provide only seats to passengers (excluding other service onboard, which should be paid or may not be offered). As a result, the increasing demand for low-cost carriers will generate positive impact on the market.