What is Riveting Robots Market?
Riveting robots will consistently and repeatedly follow exact processes and pre-defines workflows with minuscule deviation. Robotic technology has advanced and becomes more widely used, robots have become less expensive than they previously were, opening automation doors to more opportunities. Riveting technology in aviation has developed slowly compared to civil fields, such as the automobile industry.
The market study is being classified by Type (Impact Riveting, Orbital Riveting, Radial (Spiralform) Riveting, Rollerform Riveting and Others), by Application (Automotive, Aviation and Transportation, Woodworking and Furniture and Others) and major geographies with country level break-up.
FANUC (Japan), Electroimpact (United States), KUKA (Germany), Estun Automation (China), ABB (Switzerland), Comau (Italy), Acieta LLC (United States), DENSO Robotics (United States), Universal Robots (Denmark), Yaskawa Electric Corporation (Japan) and Böllhoff (Germany) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Stryver Manufacturing (United States).
Global Riveting Robots is a fragmented market due to the presence of various players. The players are focusing on investing more in Launching New Products. These will enhance their market presence. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Segment Analysis
Analyst at AMA have segmented the market study of Global Riveting Robots market by Type, Application and Region.
On the basis of geography, the market of Riveting Robots has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Growing Implementation of Robotic Technology
- Rapidly Growing Automotive Industry
Market Trend
- Technological Advancement over the Globe
- Focus towards Increasing Production in Short time
Restraints
- Potential Job Losses
- Lack of Skilled Staff Members
Opportunities
- Growing Demand for the Riveting Robots from Various Industries
- Demand for Riveting Efficiency of Aircraft Structure
Challenges
- Lack of Awareness in Emerging Economies
Market Leaders and some development strategies
On 20th July 2021, ABB has acquired ASTI Mobile Robotics Group. The acquisition will expand ABB’s robotics and automation offering, and make it the only company to offer a complete portfolio for the next generation of flexible automation. The acquisition adds to Robotics and Machine Automation solutions to deliver a unique automation portfolio, and further expand into new industry segments.
Key Target Audience
Riveting Robots Manufacturers, Riveting Robots Distributors and Suppliers, New Entrants, Regulatory Bodies, Potential Investors, Research and Development Institutes and Others