Global Riveting Tools Market Was Valued at USD 320 Million by 2029 End

  • 26 Jul 2019

The 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 2019 to 2029.

The metal processing sector is continuously growing which has increased the demand for riveting tools thus augmenting the market. Growing industrial activities along with the upgradation in assembling and manufacturing processes in multiple end-user industries across many countries is further boosting the market growth. Riveting tools have superior characteristics like robust structure, high operational efficiency and precise operational accuracy which shall propel the market growth.

The consuming production of riveting tools is a time-consuming process. Additionally, it is a costly technique to be utilised and it requires skilled labour to operate these tool which can negatively influence the market growth

Insights on Global Riveting Tools Market:

1. By Region

  • Asia Pacific
  • North America
  • Europe
  • Latin America
  • Rest of the World

Asia Pacific region accounts for the highest market share owing to an increased demand for MRO and assembly operations in aerospace industry especially in the developing economies. Furthermore, supportive growth in the construction sector owing to an increase in infrastructure development activities shall assist in the proliferation of the market.

North America is second to the Asia Pacific region in this market. However, it is anticipated to witness significant market growth during the forecast period. One of the reasons for this to happen is the growing presence of manufacturing base in the U.S. Furthermore, increasing investments from automotive giants like General Motors and Toyota in an attempt to increase the capacity of the production shall augment the market growth significantly.

2. By Type

  • Pneumatic
  • Battery-powered
  • Hand-Held

The pneumatic segment prominently influences the market owing to its wide usage in the building and construction industry. These riveting tools require low maintenance costs and thus is preferred by consumers as compared to hand-held tools. Pneumatic tools use compressed air in order to function resulting into an increased operational lifetime of the product.

The battery-powered rivet guns are expected to increase the adoption of the product thus driving the market further. Using such tools has advantages like faster operation cycles, wireless operation and increased efficiency along with cost effectiveness is projected to propel the market growth further.

3. By Application

  • Automotive
  • Aerospace
  • Building & Construction
  • Transportation

Automotive industry, particularly in the manufacturing of passenger cars, is expected to witness significant market growth on account of the increase in production especially in emerging economies like India and China. Additionally, economies like Brazil and Russia are recovering automotive productions which shall propel the market further.

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


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