About Electric Rivet Gun
Electric Rivet Guns are electricity powered tools which tighten or fasten the rivets. This guns make it easy for large scale industrial manufacturing such as automobile or aviation or electric industry which has large number of rivets to be tightened. Due to insufficiency in manual riveting tools, electric riveting tools are used. Electric tools are also preferred because of their easy handling, light weight, remote place operations. Electric Rivet Guns come in multiple duty segments such as heavy duty, medium duty and light duty, which are suitable for individual requirements. The market of Electric Rivet Guns is a moderately fragmented one, with lot of players in the market.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 6.2% |
The electric rivet gun market is dynamic and competitive, with established players and new entrants vying for market share. The focus on innovation, user-friendly features, and diverse applications is expected to drive further growth in the coming years. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Electric Rivet Gun market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Stanley Black & Decker, Inc. (United States), Atlas Copco (Sweden), RIVETEC Ltd (Czech Republic), Ingersoll-Rand plc (Ireland), Metabowerke GmbH (Germany), Makita Corporation (Japan), Hilti Corporation (Liechtenstein), Hangzhou GreatStar Industrial Co., Ltd. (China), Chicago Pneumatic (United States) and GESIPA Blindniettechnik GmbH (Germany) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Astro Pneumatic Tool (United States), Lobtex Co. Ltd. (Japan) and Special Rivets Corporation (Taiwan).
Segmentation Overview
AMA Research has segmented the market of Global Electric Rivet Gun market by Type (Pneumatic Rivet Guns (Pop Rivet Guns and Air Rivet Guns) and Cordless Rivet Gun), Application (AutomAviation, Automotive, Construction, Electronics, Others, otive & Transportation, General Manufacturing, Electronics, Building & Construction and Others) and Region.
On the basis of geography, the market of Electric Rivet Gun 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). Asia Pacific region held largest market share in the year 2023. If we see Market by Distribution Channel , the sub-segment i.e. Online (E-Commerce Stores) will boost the Electric Rivet Gun market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Duty , the sub-segment i.e. Heavy Duty will boost the Electric Rivet Gun market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increase in Battery Power Durability within Cordless Rivet Guns with Improvement in Lithium Ion made Batteries
Market Growth Drivers:
Growth in Construction Activities worldwide, Rise of Aviation Industry and Increasing Demand for Automobiles
Challenges:
High Competition
Restraints:
High Costs Compared to Manual Rivet Guns and Fixing Electric Rivet Guns is Expensive
Opportunities:
Asia Pacific Primarily Emerging Economies such as India and Vietnam have Huge Potential to Grow
Market Leaders and their expansionary development strategies
In December 2023, Bostitch and Fastenal started partnership where Bostitch partnered with Fastenal, a leading industrial distributor, to expand the availability and distribution of Bostitch's electric rivet guns across the US market.
In October 2023, Bosch GBM 600 Professional Multi Riveter. This versatile electric rivet gun handles various rivet types and materials, including blind rivets, making it ideal for diverse use cases in professional settings.
Key Target Audience
Electric Rivet Gun Manufacturers, Suppliers and Distributors, Component Suppliers, New Entrants/Investors, Venture Capitalists and Private Equity Firms and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.