US, France, China are the major markets in the Global Aerospace Fasteners Market

Reportstack has announced a new market research publication on Global Aerospace Fasteners Market which finds US, France, China are the major markets in this segment. The analysis is for the forecast period 2014-2018.

As per research analysis, in 2013, North America dominated this market, accounting for a 32.3 percent share of the total revenue. This was due to the increasing demand for retrofitting of the existing fleet of aircraft. Within North America, the US is the major revenue generator because the country has the largest number of aircraft. The country has the highest defense spending, largest fleet of aircraft by airlines, and the highest demand for retrofitting of commercial aircraft.  Adding to the demand for new rotorcraft, the market is also witnessing a high demand for service and maintenance of aircraft.

However, the demand for aerospace fasteners will be low in future due to the weak demand for use in commercial aircraft. Europe, South America, Middle East & Africa closely follow this.

To determine the scenario for these vendors in the next 3-4 years, the analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentation, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance. 

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