Fastener Fair France has announced it will devote an entire area to aerospace-grade fasteners, after revealing the sector is set to climb at a CAGR of 7.6% until 2024.
The show, due to take place 27-28 May 2020, has seen 'global demand' for aerospace-grade fasteners after the likes of Airbus, Arconic, Align Aerospace, Dassault Aviation and Safran visited the previous show in 2018.
"Nearly 100 international exhibitors have already booked their stand for 2020, to capitalise on the positive market outlook for industrial fasteners," said Olivia Griscelli, exhibition director for Fastener Fair France. "Visitors are more willing to invest when they have a unique marketplace to enjoy, which again has the support of the French Association of Fastener Distributors in 2020."
According to Griscelli, out of the 161 international exhibitors present at the show in 2018, 75% received positive business enquiries: "The fair comes at a key time, with buyers looking to step up their purchases to meet growing demand."
A study by Freedonia Group foresees a 24% rise in the French aerospace-graded fastener market over 2020-2025 to reach $1 billion, driven by a 'buoyant' aerospace, automotive and construction industry. The study also reveals the French aerospace industry, ranked second after the USA, is France's largest industrial sector followed by the automotive industry, both of which are predicted to grow steadily until 2025. The global industrial fastener market is also set to grow by 4% annually to total $99.5 billion by 2025.
Fastener Fair France will take place 27-28 May at the Paris Expo-Porte de Versailles.
