Overview

Riveting Tools Market Introduction

Global Riveting Tools Market was valued at USD 320 million by 2029 end and is projected to register a CAGR of over 5% during the forecast period 2020 to 2029.

Riveting in prominently used in fabrication processes for joining two components. Orbital, pressed and radial riveting are the technologies that are widely used as it encourages high-quality joints with reduced cycle time and less amount of input force. Basically, they are a type of fasteners that connect the head and tail of the tool using a smooth cylindrical shaft.

Based on the type of tool, the market is bifurcated into pneumatic, battery-powered and hand-held. The hydro-pneumatic tools that are primarily used in aerospace and transportation is likely to witness significant market growth during the forecast period. Additionally, the riveting tools are used in the assembly section of vehicle manufacturing which is likely to increase its demand in upcoming years.

The hand-held riveting tools are primarily used in building and construction sector. Its usage for the maintenance and repair, roofing and flashing, air conditioning installations and in-sheet metal construction shall increase the demand of riveting tools thus boosting the market further.

Application-wise, the market is fragmented into automotive, aerospace, building & construction and transportation. Riveting tools are used in transportation vehicles for maintaining high stress resistance in these vehicles which increases their demand thus propelling the market further.

The global market is regionally categorised into Asia Pacific, North America, Europe, Latin America and rest of the world. The product demand in Europe is positively influenced by the development of eco-efficient and lightweight vehicles.

South and Central America regions to experience a rise in demand for riveting tools due to the soaring adoption of rivets as fasteners in aerospace and automotive industries.

Riveting Tools Market Segmentation:

By Region

Asia Pacific
North America
Europe
Latin America
Rest of the World

By Type

Pneumatic
Battery-powered
Hand-held

By Application

Automotive
Aerospace
Building & Construction
Transportation

Competitive Landscape:

Tier 1 players- established companies in the market with a major market share
Tier 2 players
Emerging players which are growing rapidly
New Entrants

Key Market Players:

Stanley Engineered Fastening Rivtec Ltd.
Arconic Fastening Systems
Advanced Air Tools Company Inc.
Sioux Tools

FutureWise Key Takeaways:

Growth prospects
SWOT analysis
Key trends
Key data-points affecting market growth

Objectives of the Study:

To provide with an exhaustive analysis on the riveting tools market by region, by type, by application
To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
To evaluate and forecast micro-markets and the overall market
To predict the market size, in key regions (along with countries)— Asia Pacific. North America, Europe, Latin America and rest of the world
To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions