The global market for aerospace grade fasteners is projected to increase CAGR 7.6% until 2024, so Fastener Fair France is expanding its aerospace fastener exhibition space for the 2020 trade show, Fastener + Fixing Magazine reports.

Fastener Fair France will designate a section of the May 27-28, 2020, trade show in Paris to aerospace fasteners, according to Fastener + Fixing. Web: FastenerFairFrance.com

Show organizer Mack Brooks Exhibitions reported Airbus, Arconic, Align Aerospace, Dassault Aviation, and Safran visited the 2018 trade show, which also included motor, construction and manufacturing industries.

“Nearly 100 international exhibitors have already booked stands for 2020, to capitalize on the positive market outlook for industrial fasteners,” exhibition director Olivia Griscelli said. “Visitors are more willing to invest when they have a unique marketplace to enjoy, with the show once again having the support of the French Association of Fastener Distributors in 2020.”

Driven by a buoyant aerospace, automotive and construction industry, a 24% rise in the French aerospace grade fastener market during the 2020 to 2025 period will reach US$1 billion (€900.6 million). A 3% annual increase in industrial fasteners is forecast to total US$2.8 billion, a study on industrial fasteners by the Freedonia Group predicted.

The French aerospace industry, ranked second after the U.S., is France’s largest industrial sector, followed by automotive.  

The global industrial fastener market is also set to grow by 4% annually to total US$99.5 billion by 2025, according to Freedonia’s Global Industrial Fasteners Report.