What Happened
Aerospace Fastener Demand Driven By Commercial Aircraft Build Rates
The global Jo-Bolt fasteners market is expected to grow at a compound annual rate of 4.5-6.5% through 2035, driven by increasing demand from commercial aircraft build rates and maintenance, repair, and overhaul (MRO) activities. The market is dominated by a few large manufacturers, with the top three controlling an estimated 55-70% of global production capacity. Premium grades of Jo-Bolt fasteners are expected to gain share as the adoption of lightweight materials increases. This growth is expected to be driven by the need for high-strength, blind, and reusable threaded connections in aerospace applications, according to a report by IndexBox.