Covid-19 Impact on Aircraft Blind Fasteners Market to Witness Steady Growth through 2024

This research analyses niche markets, potential threats, and competitive strategy in various segments based on the Aircraft Blind Fasteners Market competitive landscape and development model in various parts of the world. This research throws light on the business strategies of the key players that might help in the growth of other companies during the pandemic era.

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Impact of COVID-19 on Aircraft Blind Fasteners Market

As the world grapples with one of its greatest health pandemic, the economic and social disruption has affected millions of enterprises. The revenues have gone down in the year 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition. Stratview Research throws light on in-depth insights related to rapid alterations in the key players in each industry, growth and decline due to COVID-19, etc. The researchers at Stratview Research are regularly connecting with the clients and other key players of almost all the industries, regarding the impact of COVID-19 on their businesses.

Key Players:

• TriMas Corporation
• Arconic Fastening Systems
• PCC Fasteners
• Lisi Aerospace
• Stanley Black & Decker, Inc.
• Kwikbolt Limited.

Growth drivers and Market Value:

This report, from Stratview Research Aircraft Blind Fasteners Market value and growth drivers over the trend period of 2019-24. According to the report -

Blind fasteners currently represent less than 12% of the total aircraft fasteners market and projected to grow at an impressive rate over the next five years to reach US$ 698.8 million in 2024. 

Segment Analysis:

By Application Type

Based on the application type, the aircraft blind fasteners market is segmented as airframe, engine, flight control surfaces, interiors, and others. Airframe is likely to remain the most dominant segment during the forecast period, whereas flight control surfaces are likely to remain the fastest-growing segment during the same period. Airframe is the largest structure in the aircraft, where blind fasteners are used in a wide array of applications including wings and fuselage, leading to their dominance in the market.

By Region

In terms of region, Europe is projected to remain the largest market for aircraft blind fasteners during the forecast period, driven by the world’s leading aircraft OEM, Airbus. The company has constantly been raising the production rates of key aircraft programs, such as A320 and A350XWB, to meet huge order backlog which stands at 7,287 jets on 30th April 2019. Airbus has a massive plan for its newly launched A350XWB program. The company is likely to raise the production rate from 6 aircraft per month in 2017 to 13 aircraft by 2019. Similarly, the company is also likely to raise the production rate of its best-selling program (A320 family including neo) from 46 aircraft per month in 2017 to 63 aircraft by 2019. The company is in process of contemplation to further raise the production rate to 70 aircraft per month in future.

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Competitive Analysis: Understanding your rivalry is critical to your success. This section includes an analysis of your key competitors, their products/services, their differentiators, and market shares, etc.

Target Market and Audience: Identifying and prioritizing specific target markets is another key part of any industry, where research is crucial. Stratview Research’s report will help you find more about the demographics and buying behaviours of your potential customers.

Key Considerations for Market Forecast:

• Impact of lockdown, supply chain disruptions.
• Pre and post-COVID-19 market estimates
• Geographical Breakdown: Regional level analysis of the market, currently covering North America, Europe, China & Japan

Impact of COVID-19 on the Global Market

The Aircraft Blind Fasteners report compiled by Stratview Research offers in-depth study of market opportunities and market impact that are stirred due to the COVID-19 pandemic. The detailed research report focuses upon the direct and indirect impact of COVID-19 with new product launches, M&As, supply chain overview, government regulations, strategies adopted by related market, etc.

Sneak peek into the Report:

The report provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market forecast analysis
• Competitive landscape and dynamics: Market share, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends & Key success factors

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