What is Riveting Equipment Market Scope?
Riveting is one of the most prominently utilized technology in fabrication processes, which guarantees to join two components. Radial, orbital, and pressed riveting technologies are the most widely used mechanism across the metal processing industry. Riveting has made a special place in permanent fastening and has several end-use applications in the construction of heavy structures, tanks, boilers, and vessels. Riveting is a reliable fastening process and hence the demand for riveting equipment is expected to rise in the forecast period.
The Riveting Equipment market study is being classified by Type (Impact Riveting Equipment, Orbital Riveting Equipment, Radial Riveting Equipment and Others), by Application (Automotive, Industrial Gas Turbine, Construction Machinery, Aerospace and Others) and major geographies with country level break-up.
The global riveting equipment market is fragmented in nature as a large number of medium- and small-scale manufacturers are present across the globe and provide a range of products for various applications. High product consumption in manufacturing operations, coupled with low cost of production, has created a scope for the industry players to increase production capacities. Prominent players are gaining a competitive edge by offering products through various sales channels. Online platforms, third-party distributors, and retailers are engaged by the manufacturers to supply their products to application industries. Moreover, players are investing in R&D to register patents for the design and mechanism for riveting tools. Analysts at AMA predicts that Manufacturers from United States will contribute to the maximum growth of Global Riveting Equipment market throughout the predicted period.
Arconic Fastening Systems (United States), BalTec Corporation (United States), Bollhoff Fastenings Pvt. Ltd. (Germany), GESIPA Blindniettechnik GmbH (Germany), Stanley Black & Decker, Inc. (United States), Rivtec Ltd. (New Zealand), Gesipa Blindniettechnik GmbH (Germany), AVK Industrial Products (United States), Sioux Tools (United States) and Advanced Air Tool Company, Inc. (United States) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Ace Rivet & Fastener, Inc. (Canada), Honsel Umformtechnik (Germany), Lobtex Co., Ltd. (Japan) and Karat Industrial Corporation (Taiwan).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Riveting Equipment market by Type, Application and Region.
On the basis of geography, the market of Riveting Equipment has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, 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).
Influencing Market Trend
- The growing popularity of battery-powered riveting tools
Market Drivers
- Growing Manufacturing Industry, Coupled With the Flourishing Automotive and Aerospace Manufacturing Industries
- Growing Infrastructure Development and Enhancements in the Construction Industry
- Need For High-End Joining Tool and Growing Concern about the Effective and Efficient Operation
Opportunities
- Technological Upgrade in the Manufacture of Riveting Equipment and Considerable Growth of the Industrial Sector in East Asia and South Asia
Restraints
- High Costs Associated With Development of the Riveting Technology and Time-Consuming Process for Production of Riveting Equipment
Challenges
- Lack of Skilled Labor and Proper Training
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