The aircraft bolts market is likely to grow at a significant CAGR of 7.5% during the forecast period of 2023-2028 to reach USD 541.9 million in 2028.
Market Drivers:
The key factors impacting the growth of the market are the organic growth of the aircraft industry coupled with the development of lightweight and corrosion-resistant bolts, rising aircraft fleet size, an increase in the production rates of the key aircraft programs, including the A320neo, B737 Max, A220, B787, and A350XWB, and the market entry of new players, such as COMAC and Irkut.