TechNavio recognizes the following companies as the key players in Global Aerospace Fasteners Market: Alcoa Inc., B/E Aerospace Inc., LISI Group, Trimas Corp., 3V Fastener Company, Inc., Allfast Inc., B&B Specialities, Inc., Emhart Teknologies LLC, National Aerospace Fastners Corp., Precision Castparts Corp., TFI Aerospace Corp., TPS Aviation Inc., and Wesco Aircraft Holding.
Commenting on the report, an analyst from TechNavio’s team said: “One of the major trends in the market is the increasing demand for low-cost carriers. In recent years, the demand for no-frills airlines has risen, especially in the APAC region. The cost-effective business model of no-frills airlines has in turn increased the demand for new aircraft in the global market. Generally, the no-frills airlines fly only on short-haul routes and provide only seats to passengers. The remaining services are either paid for or are not provided on board. These airlines generally cater to passengers who either use road or rail as their main mode of transportation. The travel cost of no-frills airlines is almost the same as that of other modes of transportation. However, these airlines save travelers both time and effort. Thus, the increase in demand for LCCs is expected to have a positive impact on the growth of the market in the forecast period.”
According to the report, one of the major drivers in this market is the growing demand for commercial aircraft from the APAC region. With the advent of the no-frills business model, the demand for new aircraft has risen drastically in the APAC region.
Further, the report states that one of the major challenges in this market is the increase in raw material prices. This rise in the prices of raw materials has resulted in pricing pressure on aircraft manufacturers, and thus they are compelled to pass on the increased cost to customers.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-aerospace-fasteners-market-2014-2018
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/automotive-and-aerospace
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TechNavio Announces the Publication of its Research Report – Global Aerospace Fasteners Market 2014-2018
