Market Definition / Research Scope
Riveting Equipment Market Growth and Trends
Driving factors :
• Growing infrastructure development and enhancements in the construction and manufacturing industry, coupled with the flourishing automotive and aerospace manufacturing industries, are anticipated to drive the demand for riveting tools, particularly for steel structure installations, over the forecast period.
• Growing industrial activities, rising demand from the metal processing sector and improvement in manufacturing and assembling processes in various end-user industries in different countries across the world are expected to augment the demand for riveting equipment during the forecast period
• Growing concerns about effective and efficient operations, robust structure of riveting equipment, and precise operational accuracy of riveting equipment in metal-processing operations are anticipated to drive the global riveting equipment market during the forecast period.
• In comparison with manual riveting, automated riveting gives better finishing as well as better joint quality leading to its’ high demand in the market.
• Moreover, technological upgrade in the manufacture of riveting equipment and considerable growth of the industrial sector in East Asia and South Asia are expected to create immense opportunities for the growth of the global riveting equipment market during the forecast period .
• Based on product, the global riveting equipment market can be segmented into pneumatic riveting equipment, battery-powered riveting equipment, and others in which Pneumatic riveting equipment is anticipated to be a prominent segment of the global riveting equipment market during the forecast period, due to high operational efficiency of these equipment.
• Automotive & aerospace is anticipated to be a major application segment of the global market during the forecast period. With the rising demand for passenger cars, especially in China and India, the demand for riveting equipment in the automotive industry is expected to increase in a rapid rate in the next few years. Furthermore, riveting equipments are largely used in the aerospace industry for manufacture of aircraft bodies, cabin interiors, etc. This is expected to augment the market and gain higher market share and maintain its leading position in the global riveting equipment market during the forecast period.
Challenges for the industry :
• However, for handling riveting equipment, skilled and well-trained labours are required and lack of skilled labour and proper training is expected to restrain the global riveting equipment market during the forecast period. Involving skilled labour will also lead to high labour cost which is also another factor challenging the growth of the market.
• The cost of equipment used for riveting is considered to be on higher side and because of technological advancements in the riveting equipment, restraining the market.
• Process of riveting is time consuming, therefore some companies prefers other metal joining processes such as welding, brazing, etc. hampering market growth.
Riveting Equipment Market size was estimated at $xx Billion in 2022 and is expected to reach $xx Billion by 2031, growing at a CAGR of 9.9% during the forecast period of 2022 to 2031.
Riveting Equipment Market Regional Analysis
Riveting Equipment Market Share and Competition
Key companies operating in this industry are: Arconic Fastening Systems, BalTec Corporation, Bollhoff Fastenings Pvt. Ltd., GESIPA Blindniettechnik GmbH, Stanley Black & Decker, Inc., and Rivtec Ltd. Similar industries in this domain that is growing at a high CAGR include Construction Derricks Market and Aircraft Rivets Market.
Riveting Equipment Market Research Report Analysis Highlights
• Historical data available (as per request)
• Estimation/projections/forecast for revenue and unit sales (2022 – 2031)
• Data breakdown for every market segment (2022 – 2031)
• Gross margin and profitability analysis of companies
• Price analysis of each product type
• Business trend and expansion analysis
• Import and export analysis
• Competition analysis/market share
• Supply chain analysis
• Client list and case studies
• Market entry strategy
Industry Segmentation and Revenue Breakdown
Product Analysis (Revenue, USD Million, 2022 - 2031)
• Pneumatic
• Battery-powered
• Others
Application Analysis (Revenue, USD Million, 2022 - 2031)
• Automotive & Aerospace
• Building & Construction
• Transportation
Region Analysis (Revenue, USD Million, 2022 - 2031)
• United States
• Canada
• Mexico
• France
• Germany
• Italy
• Spain
• United Kingdom
• Russia
• China
• India
• Philippines
• Malaysia
• Australia
• Austria
• South Korea
• Middle East
• Japan
• Africa
• Rest of World
Riveting Equipment Market Companies
• Arconic Fastening Systems
• BalTec Corporation
• Bollhoff Fastenings Pvt. Ltd.
• GESIPA Blindniettechnik GmbH
• Stanley Black & Decker, Inc.
• Rivtec Ltd.
Available Versions: -
United States Riveting Equipment Market Research Report
Europe Riveting Equipment Market Research Report
Asia Pacific Riveting Equipment Market Research Report
India Riveting Equipment Market Research Report
Need report on this market for specific region or Country? Or need a customized report as per your need? Want to know discounts as available?
Email US
David Correa
david@marketdecipher.com
Or Fill the form below "Sample Request Form" with your queries in message box.
