Rotary Wing Aircraft Rivets Market Outlook – 2027
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: 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. Additionally, aircraft 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:
- Due to COVID-19 situation, the production rate of aerospace rivets has been hampered because of the declared lockdowns and government restrictions on public gatherings.
- Slowing sign in economies of several countries has been observed due to COVID-19 effect, which may limit governments investment in defence projects. Such reduction in investment will directly affect growth in global aerospace rivets market.
- Government restrictions on travelling due to COVID-19 have adversely impacted the demand of new commercial & private business jets. Thereby, growth of aerospace rivets market has also been negatively impacted.
- There will be a considerable rise in demand in aerospace rivets market in near future as travel restrictions start loosen up, and flights may also start soon.
Top impacting factors: market scenario analysis, trends, drivers, and impact analysis
Increase in number of aircraft orders, rise in the demand of military aircraft across the globe, and surge in travel & tourism are some of the major factors that drive the growth of the rotary wing aircraft rivets market. However, high production cost of military helicopter rivets is hampering the growth of the rotary wing aircraft rivets market. On the contrary, the emergence of 3D printing in aerospace manufacturing is expected to generate new growth opportunities for the rotary wing aircraft rivets market in the future.
Rise in the demand of rotary wing military aircrafts across the globe
Increase in defence budgets of several countries such as China & India in recent years and rise in terrorist activities in the several parts of the world have created high demand of rotary wing military aircrafts such as attack helicopters, military transport helicopters, etc. For instance, in February 2020, India signed a deal with USA to further purchase MH-60 Romeo & Apache attack helicopters worth 3 billion USD. Such growing procurements of rotary wing military aircrafts have resulted in increased demand of aircraft fasteners such as rotary wing aircraft rivets. Hence, rise in demand of rotary wing military aircrafts is positively impacting in the growth of global rotary wing aircraft rivets market.
Key benefits of the report:
- This study presents the analytical depiction of the rotary wing aircraft rivets industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of global rotary wing aircraft rivets market share.
- The current market is quantitatively analyzed to highlight the global rotary wing aircraft rivets market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed global rotary wing aircraft rivets market analysis based on competitive intensity and how the competition will take shape in coming years.
Questions answered in the rotary wing aircraft rivets market research report:
- Which are the leading market players active in the global rotary wing aircraft rivets market?
- What are the current trends that will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the market?
- What are the projections for the future that would help in taking further strategic steps?
Rotary Wing Aircraft Rivets Market Report Highlights
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 Key Market Players | Howmet Aerospace, Ho-Ho-Kus Inc, TFI Aerospace, National Aerospace Fasteners Corporation, Chicago Nut & Bolt, LISI Aerospace, B&B Specialties Inc., Precision Castparts Corp., Stanley Black & Decker Inc., TriMas, Palmer Bolt & Supply |
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