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Riveting Tools Market Global Trends, Market Share, Industry Size, Growth, Opportunities, and Market Forecast 2019 to 2029

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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 Market Global Trends, Market Share, Industry Size, Growth,
Opportunities, and Market Forecast 2019 to 2029
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
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Insights on Global Riveting Tools Market:
1. By Region
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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
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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
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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.
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Competitive Landscape:
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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:
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Stanley Engineered Fastening Rivtec Ltd.
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Arconic Fastening Systems
Advanced Air Tools Company Inc.
Sioux Tools
FutureWise Key Takeaways:
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Growth prospects
SWOT analysis
Key trends
Key data-points affecting market growth
Objectives of the Study:
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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
Inquire further details about this report at: [email protected]
About FutureWise Research:
We specialise in high-growth niche markets, assuring flexibility, agility and
customised solutions for our clients. Through in-depth market insights and
consultancy, we present our clients with the tools they need to be at the forefront of
their industry – a position secured for far more than the near future.
Contact Us:
Company Name: FutureWise Research
Contact Person: Vinay Thaploo
Email: [email protected]
Phone: +44 141 628 9353 / +1 970 279 4295
City: Leeds
Country: United Kingdom
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