Market Overview:
The global military fasteners market is estimated to be valued at US$ 2,362.8 Mn in 2018 and is projected to reach US$ 4,564.4 Mn by 2030, registering a CAGR of 7.5% from 2018 to 2030. The growth of the global military fasteners market can be attributed to the increasing demand for lightweight and high-strength fasteners from the automotive and aerospace industries. In addition, the increasing demand for magnesium-based fasteners from the automotive industry is also expected to fuel the growth of the global military fasteners market during forecast period. Based on type, carbon steel accounted for majority share of 49% in 2017 and is projected to register highest CAGR during forecast period owing to its properties such as high tensile strength and durability which makes it suitable for use in various applications including automotive, aerospace & defense etc.
Product Definition:
Military Fasteners are screws, bolts, and other hardware that have been specifically designed for use by the military. They are typically more durable than standard hardware and can withstand more wear and tear. Military fasteners are important because they help to keep equipment in working order under difficult conditions.
Carbon Steel:
Carbon steel is one of the forms of steel.
Alloy Steel:
Alloy steel is a material that consists of two or more metals, which are combined to form an alloy. The most common alloys include chromium and nickel with iron. Chromium helps in improving hardness while improving ductility andNickel improves cold heading ability, which is the ability to withstand high temperatures without melting. These three properties make it suitable for use in military fasteners market.
The global alloy steel market size was valued at USD 8,867 million in 2015.
Application Insights:
The global military fasteners market is segmented by application into aerospace, shipbuilding, automotive and others. Aerospace accounted for the largest share in 2015 and is expected to continue its dominance over the forecast period owing to increasing defense expenditure across countries such as China, Japan, India and U.S., which are major producers of aircrafts. Moreover, growing air travel demand due to rise in disposable income coupled with high growth in population has resulted in an increased need for aircraft manufacturing across the world which will further boost product demand over the next eight years.
Automotive applications include engine components (such as transmission shafts & joints), body parts (such as door panels & trunk closures), electronics equipment (such as circuit boards & connectors) along with other mechanical components that require high strength without added weight or cost.
Regional Analysis:
Asia Pacific accounted for the largest share in 2017 and is expected to witness significant growth over the forecast period. The presence of a large number of military bases in countries such as China, India, South Korea, Japan and Australia is projected to boost demand for fasteners. For instance, according to an article published by The Diplomat in 2018 titled ‘China’s Growing Military Presence In Southeast Asia And Its Implications For ASEAN Security & Stability’, China has been strengthening its defense network across Southeast Asia at a rapid pace with new bases being built or expanded at Phu Quoc Island (Vung Tau), Cam Ranh Bay (Phu Bai) and Sattahip Naval Base (Sri Lanka). This factor is anticipated to have a positive impact on market growth over the coming years.
Growth Factors:
- Increasing demand for military aircraft and vehicles
- Growing need for lightweight and high-strength fasteners in defense sector
- Rising expenditure on defense by emerging economies
- Proliferation of advanced technologies in the military sector
- Growing popularity of composite materials in the defense industry
Scope Of The Report
Report Attributes
Report Details
Report Title
Military Fasteners Market Research Report
By Type
Carbon Steel, Alloy Steel, Aluminum, Magnesium, Stainless Steel, Titanium, Others
By Application
Automotive, Aerospace, Shipbuilding, Others
By Companies
Precision Castparts Corp. (Berkshire Hathaway), Howmet Aerospace Inc., Allegheny Technologies Incorporated (ATI), Thyssenkrupp, Nippon Steel, VSMPO-AVISMA, KOBELCO, Aichi Steel, Aubert & Duval (Eramet), Bharat Forge, American Axle and Manufacturing (AAM), AVIC Heavy Machinery, Wanxiang Qianchao, FAW, FRISA, Farinia Group, Longcheng Precision Forging, Pacific Precision Forging, Jinma Industrial Group, Mahindra Forgings Europe, Jinan Sinotruck Co., CITIC Heavy Industries, Dongfeng Forging, Acerinox S.A., Jiangyin Hengrun Heavy Industries, Tongyu Heavy Industry, Wuxi Paike New Material Technology, Scot Forge Company, Xi’an Triangle Defence Incorporated Company, Brück GmbH
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
217
Number of Tables & Figures
152
Customization Available
Yes, the report can be customized as per your need.
Global Military Fasteners Market Report Segments:
The global Military Fasteners market is segmented on the basis of:
Types
Carbon Steel, Alloy Steel, Aluminum, Magnesium, Stainless Steel, Titanium, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Automotive, Aerospace, Shipbuilding, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Precision Castparts Corp. (Berkshire Hathaway)
- Howmet Aerospace Inc.
- Allegheny Technologies Incorporated (ATI)
- Thyssenkrupp
- Nippon Steel
- VSMPO-AVISMA
- KOBELCO
- Aichi Steel
- Aubert & Duval (Eramet)
- Bharat Forge
- American Axle and Manufacturing (AAM)
- AVIC Heavy Machinery
- Wanxiang Qianchao
- FAW
- FRISA
- Farinia Group
- Longcheng Precision Forging
- Pacific Precision Forging
- Jinma Industrial Group
- Mahindra Forgings Europe
- Jinan Sinotruck Co.
- CITIC Heavy Industries
- Dongfeng Forging
- Acerinox S.A.
- Jiangyin Hengrun Heavy Industries
- Tongyu Heavy Industry
- Wuxi Paike New Material Technology
- Scot Forge Company
- Xi’an Triangle Defence Incorporated Company
- Brück GmbH
Highlights of The Military Fasteners Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Carbon Steel
- Alloy Steel
- Aluminum
- Magnesium
- Stainless Steel
- Titanium
- Others
- By Application:
- Automotive
- Aerospace
- Shipbuilding
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Military Fasteners Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Military fasteners are bolts, screws, and nails used in the construction of military equipment.
Some of the major companies in the military fasteners market are Precision Castparts Corp. (Berkshire Hathaway), Howmet Aerospace Inc., Allegheny Technologies Incorporated (ATI), Thyssenkrupp, Nippon Steel, VSMPO-AVISMA, KOBELCO, Aichi Steel, Aubert & Duval (Eramet), Bharat Forge, American Axle and Manufacturing (AAM), AVIC Heavy Machinery, Wanxiang Qianchao, FAW, FRISA, Farinia Group, Longcheng Precision Forging, Pacific Precision Forging, Jinma Industrial Group, Mahindra Forgings Europe, Jinan Sinotruck Co., CITIC Heavy Industries, Dongfeng Forging, Acerinox S.A., Jiangyin Hengrun Heavy Industries, Tongyu Heavy Industry, Wuxi Paike New Material Technology, Scot Forge Company, Xi’an Triangle Defence Incorporated Company, Br¼ck GmbH.
The military fasteners market is expected to grow at a compound annual growth rate of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Military Fasteners Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Military Fasteners Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Military Fasteners Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Military Fasteners Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Military Fasteners Market Size & Forecast, 2018-2028
4.5.1 Military Fasteners Market Size and Y-o-Y Growth
4.5.2 Military Fasteners Market Absolute $ Opportunity
Chapter 5 Global Military Fasteners Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Military Fasteners Market Size Forecast by Type
5.2.1 Carbon Steel
5.2.2 Alloy Steel
5.2.3 Aluminum
5.2.4 Magnesium
5.2.5 Stainless Steel
5.2.6 Titanium
5.2.7 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Military Fasteners Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Military Fasteners Market Size Forecast by Applications
6.2.1 Automotive
6.2.2 Aerospace
6.2.3 Shipbuilding
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Military Fasteners Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Military Fasteners Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Military Fasteners Analysis and Forecast
9.1 Introduction
9.2 North America Military Fasteners Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Military Fasteners Market Size Forecast by Type
9.6.1 Carbon Steel
9.6.2 Alloy Steel
9.6.3 Aluminum
9.6.4 Magnesium
9.6.5 Stainless Steel
9.6.6 Titanium
9.6.7 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Military Fasteners Market Size Forecast by Applications
9.10.1 Automotive
9.10.2 Aerospace
9.10.3 Shipbuilding
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Military Fasteners Analysis and Forecast
10.1 Introduction
10.2 Europe Military Fasteners Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Military Fasteners Market Size Forecast by Type
10.6.1 Carbon Steel
10.6.2 Alloy Steel
10.6.3 Aluminum
10.6.4 Magnesium
10.6.5 Stainless Steel
10.6.6 Titanium
10.6.7 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Military Fasteners Market Size Forecast by Applications
10.10.1 Automotive
10.10.2 Aerospace
10.10.3 Shipbuilding
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Military Fasteners Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Military Fasteners Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Military Fasteners Market Size Forecast by Type
11.6.1 Carbon Steel
11.6.2 Alloy Steel
11.6.3 Aluminum
11.6.4 Magnesium
11.6.5 Stainless Steel
11.6.6 Titanium
11.6.7 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Military Fasteners Market Size Forecast by Applications
11.10.1 Automotive
11.10.2 Aerospace
11.10.3 Shipbuilding
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Military Fasteners Analysis and Forecast
12.1 Introduction
12.2 Latin America Military Fasteners Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Military Fasteners Market Size Forecast by Type
12.6.1 Carbon Steel
12.6.2 Alloy Steel
12.6.3 Aluminum
12.6.4 Magnesium
12.6.5 Stainless Steel
12.6.6 Titanium
12.6.7 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Military Fasteners Market Size Forecast by Applications
12.10.1 Automotive
12.10.2 Aerospace
12.10.3 Shipbuilding
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Military Fasteners Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Military Fasteners Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Military Fasteners Market Size Forecast by Type
13.6.1 Carbon Steel
13.6.2 Alloy Steel
13.6.3 Aluminum
13.6.4 Magnesium
13.6.5 Stainless Steel
13.6.6 Titanium
13.6.7 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Military Fasteners Market Size Forecast by Applications
13.10.1 Automotive
13.10.2 Aerospace
13.10.3 Shipbuilding
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Military Fasteners Market: Competitive Dashboard
14.2 Global Military Fasteners Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Precision Castparts Corp. (Berkshire Hathaway)
14.3.2 Howmet Aerospace Inc.
14.3.3 Allegheny Technologies Incorporated (ATI)
14.3.4 Thyssenkrupp
14.3.5 Nippon Steel
14.3.6 VSMPO-AVISMA
14.3.7 KOBELCO
14.3.8 Aichi Steel
14.3.9 Aubert & Duval (Eramet)
14.3.10 Bharat Forge
14.3.11 American Axle and Manufacturing (AAM)
14.3.12 AVIC Heavy Machinery
14.3.13 Wanxiang Qianchao
14.3.14 FAW
14.3.15 FRISA
14.3.16 Farinia Group
14.3.17 Longcheng Precision Forging
14.3.18 Pacific Precision Forging
14.3.19 Jinma Industrial Group
14.3.20 Mahindra Forgings Europe
14.3.21 Jinan Sinotruck Co.
14.3.22 CITIC Heavy Industries
14.3.23 Dongfeng Forging
14.3.24 Acerinox S.A.
14.3.25 Jiangyin Hengrun Heavy Industries
14.3.26 Tongyu Heavy Industry
14.3.27 Wuxi Paike New Material Technology
14.3.28 Scot Forge Company
14.3.29 Xi’an Triangle Defence Incorporated Company
14.3.30 Brück GmbH
