Global Riveting Tools Market By Product (Pneumatic, Battery Powered, Hydro-pneumatic, Hand Held Lever and Lazy Tong), By Application (Automotive & Aerospace, Transportation, Building & Construction, Woodworking & Decorative and Other Applications), By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2022-2032

Riveting Tools Market Overview:

The global riveting tools market is valued at USD 225.2 million in 2021 and is expected to expand by 4.1% over the next five years.

It is expected that the growing infrastructure and improvement in the construction sector will drive demand for riveting equipment, specifically for steel-structure installations, during the forecast period. Transport applications use advanced riveting devices to attach the vehicle’s body and floor. In addition, riveting tools are used extensively to install rivets during assembly and manufacture.

Global Riveting Tools Market Scope:

Product analysis

In 2021, the volume of pneumatic riveting tools is 9.9%. It is expected to grow at 5.4% annually over the forecast period. The demand for pneumatic products is driven by two factors: the quicker operation of compressed gas and the ease of maintenance.

The popularity of hydro-pneumatic riveting tools in aerospace and transport has been due to their high precision control and ability to adjust for pressure variations. An increase in global automobile production will help support the market’s growth. Automotive assembly can be done with riveting tools. Due to their superior characteristics such as wireless operation, ease of handling, and lower operational cycle, the battery-powered riveting instrument market is expected to increase in the forecast period. Due to increased demand for automatic products, the market share for battery-powered products is expected to increase over the forecast period.

For residential and commercial construction, the building and construction industry uses handheld lever riveting devices. The increasing requirements for roof flashing, increased sheet metal construction, and repair and maintenance operations will make handheld riveting tools highly sought-after.

Application analysis

In the coming years, riveting tools used in automotive applications will experience a revenue-based increase rate of 5% due to rising passenger car production in countries like China. In addition, the recovery in the automotive manufacturing industry in Brazil or Russia is expected to provide growth opportunities over the same period.

Numerous rivets are used to make aircraft components. These include interiors, the seat assembly, outer bodies, and interior mechanisms. Due to the increased aircraft traffic and associated maintenance and repairs, there will be an increase in demand for riveting machinery for aircraft manufacturing. The building and construction industry will grow due to the increasing use of rivets for bonding windows and doors.

Riveting tools are strong and can withstand severe stress. They are becoming more popular in transport vehicles. There is a projected increase in demand for riveting tools that can attach sheet elements to structures and assemble trailer roofs.

Кеу Маrkеt Ѕеgmеntѕ:

By Product

• Pneumatic
• Hydro-pneumatic
• Battery Powered
• Lazy Tong
• Hand-Held Lever

By Application

• Automotive & Aerospace
• Building & Construction
• Transportation
• Woodworking & Decorative
• Other Applications

Market Dynamics:

The U.S. market is estimated to grow by 4.2% in the forecast period. The expected growth of the nation’s manufacturing industry, as well as the flourishing aerospace, automotive, and other manufacturing industries, will drive the demand for riveting tools during the forecast period.

Rivet technology mainly serves two purposes: it is used in fabricating applications to connect components. It can be used in many manufacturing industries. The technology has a number of processes, including orbital, radial, and pressed riveting. The factors driving demand for radial welding in assembly operations are reduced input force, reduced cycle times, high-quality joints, and lower cycle time.

The increasing popularity of battery driven riveting tools has impacted the demand for to use of pneumatic riveting machines. Battery-powered riveting devices are much more efficient and easy to use than pneumatic components. In the aerospace industry, however, the switch rate from pneumatic components to battery-powered riveting instruments is low as many prominent players have preinstalled pneumatic tools infrastructure.

Many multinational manufacturers are present in the riveting tools market and offer enhanced technology riveting equipment. A number of prominent players in this market have developed patent technology for the mechanism and design that allows for faster operation and easier handling. In addition to the high cost of production, new players face a barrier because they need a technical foundation.

Regional Analysis:

Asia Pacific dominates the market with 33.5% of the market share in 2021 due to its growing demand for products for Maintenance, Repair, and Operations and Assembly Operations (MRO). The region’s growing manufacturing sector, in particular in China and India will likely drive riveting tool demand over the forecast period. The most prominent end-users of riveting tools will be those in the construction and automotive industries.

The market will grow due to the established manufacturing sector in the United States and increased government investments to support manufacturing. In North America, there will be a growing auto manufacturing industry in Mexico as well as increased investments by multinational corporations like Toyota and General Motors to boost production capabilities.

Technological developments for lightweight, eco-friendly vehicles are expected to increase automotive production in Europe. This will drive demand. It is also expected that the industry will benefit from the presence of international players involved in aerospace parts production.

Rigids are expected to grow in demand as automobiles have a greater need for lightweight, advanced fastening. This will drive demand for tools for riveting. The growth of the Central and South African aerospace and automotive industries is expected to help.

Key Regions and Countries covered іn thе rероrt:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Spain
  • Rest of Europe
• APAC
  • China
  • Japan
  • South Korea
  • India
  • Rest of Asia-Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• MEA
  • GCC
  • South Africa
  • Israel
  • Rest of MEA

Market Share & Key Players Analysis:

Numerous small- and medium-sized producers are available around the globe. They provide a range of products for various purposes. A combination of high product usage and low costs of production has opened up opportunities for the industry to increase its production capacities. North America’s major players are focused on mergers to create a consolidated marketplace.

Major players are using multiple sales channels to gain a competitive edge. Manufacturers are able to supply their products through third-party distributors and retailers online. Furthermore, players invest in R&D to file patents for the design and mechanism of riveting instruments. These are the major players in the global Riveting Tools industry.

Маrkеt Кеу Рlауеrѕ:

• Gesipa Blindniettechnik GmbH
• Sioux Tools
• Advanced Air Tools Company, Inc.
• Ace Rivet and Fastener Inc.
• Honsel Umformtechnik
• FAR Tools
• KARAT Industrial Corporation
• Toptul Taiwan
• Other Key Players

For the Riveting Tools Market research study, the following years have been considered to estimate the market size: