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The rivets are used in aircrafts instead of welding joints due to rivet’s capability to withstand heat. A rivet is a metal pin having a “formed head” at one end and a “shop head” on other. Two types of rivets are used in aircrafts, which include solid shank rivets and special (blind) rivets. Aerospace rivets are used for joining aircraft skin sections, spar sections, and for securing fittings to various parts of aircraft. In addition, aerospace rivets are also used fastening innumerable bracing members and several other parts together. The rivets form a bond which is as strong as the material joined. Aerospace rivets are manufactured with higher standards and specifications as compared with general use rivets. Few standard aerospace rivet types are 100 degree countersunk, 78 degree countersunk, brazier head, and flat head.
COVID-19 Scenario analysis:
Increase in number of aircraft orders, rise in the demand of military aircraft across the globe, and rise in travel & tourism are the factors which drive the growth of the aerospace rivets market. However, high production cost of aerospace rivets is hindering the growth of aerospace rivets market. The emergence of 3D printing in aerospace manufacturing is expected to generate new growth opportunities for the aerospace rivets market in the future.
Increase in number of aircraft orders owing to the rise in air passenger traffic is driving the growth of the aerospace market. Additionally, growing tourism across the globe and decreasing fuel prices also contributed in the demand of new aircrafts. Such rise in aircraft deliveries will require additional hardware such as aerospace rivets. Hence, increase in aircraft orders will create demand in aerospace rivets market.
Increase in defense budgets of several countries such as China & India in recent years and rise in terrorist activities have created high demand of military aircrafts such as fighter planes, attack helicopters etc. Such growing demand of military aircrafts have resulted in increased demand of aircraft fasteners such as aerospace rivets. Thereby, rise in demand of military aircrafts is positively impacting in the growth of aerospace rivets market.
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Questions answered in the aerospace rivets market research report:
Aerospace Rivets Market Report Highlights
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Key Market Players | Chicago Nut & Bolt, Ho-Ho-Kus Inc, B&B Specialties Inc., National Aerospace Fasteners Corporation, LISI Aerospace, Howmet Aerospace, TFI Aerospace, Stanley Black & Decker Inc., TriMas, Palmer Bolt & Supply, Precision Castparts Corp. |
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