Global Riveting Equipment Market
August 26, 2021 ⚊ 4 Min read ⚊ Views 268 ⚊ HEALTH
Global Riveting Equipment Market was valued $xx Mn in 2019 and is expected to reach $xx Mn by 2026, at a CAGR of xx% during the forecast period.
Global Riveting Equipment Market Introduction
Riveting is one of the most prominently utilized technology in fabrication processes, which guarantees to join of 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. In 2018, the market for riveting equipment’s registered a market value of $190.0 Mn.
Global Riveting Equipment Market Dynamics
The significant upsurge in sales of riveting equipment owing to the growing concerns regarding efficient & effective operations in metal processing operations is highly estimated to boost the global riveting equipment market. Additionally, considerable growth in the East and South Asia industrial sector and technological up-gradation in the manufacturing of riveting equipment is expected to create a momentous opportunity for the global riveting equipment market. The superior performance characteristics of riveting equipment such as high operational efficiency, robust structure, and precise operational accuracy are highly anticipated to propel the demand for riveting equipment. As riveting equipment are used for high-end joining, riveting equipment are gaining huge recognition in the automobile and aviation sector across all regions.
Global Riveting Equipment Market Segment Analysis
Riveting machines need an external power source such as hydraulic, pneumatic, and electricity to punch rivets into machine sheets. Hydraulic and Pneumatic machines are taken over by electric riveting machines, which are based on power sources. With the introduction of advanced and better electric motors, the electric riveting machine segment is expanding at a significant rate. The electric riveting machines are taking over shares of pneumatic as well as hydraulic riveting machines. The segment is expected to reach $xx Mn by 2026.
Heavy development in the Industrial and Construction sector in APAC is surging the market for riveting machines. Several ongoing constructions of public and private infrastructures in APAC aided to register a strong market value of $xx Mn in the riveting equipment market. Besides construction, rapid industrial development in countries such as China, India, and South Korea among others is also helping the market boost in this region. Suitable design, ease of handling, and easy-to-install properties of rivets make them suitable for the installation of interior components in commercial buildings, thereby driving the growth of the riveting equipment market.
Global Riveting Equipment Market
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Global Riveting Equipment Market Regional Insights
Global Riveting Equipment
Asia Pacific dominated the market on account of the increasing demand for the product for Maintenance, Repair, and Operations (MRO) and assembly operations. The growing manufacturing sector in the region, particularly in China and India, are likely to drive the demand for riveting equipment over the forecast period. Automotive manufacturing and building and construction industries across the region are likely to be the prominent end-users.
East Asia is estimated to account for a significant market share due to a rise in the industrial activities in countries, such as China, Japan and South Korea. South Asia is anticipated to witness a high growth in the global riveting equipment market owing to the rise in the automotive sector in the region.
Global Riveting Equipment Market Report Scope: Inquire before buying
Global Riveting Equipment MarketGlobal Riveting Equipment Market
Global Riveting Equipment Market, by Region
• North America
• Europe
• South America
• MEA
• Asia Pacific
Global Riveting Equipment Market Key Players
• Arconic Fastening Systems
• BalTec Corporation
• Bollhoff Fastenings Pvt. Ltd.
• GESIPA Blindniettechnik GmbH
• Stanley Black & Decker, Inc.
• Rivtec Ltd.
• Cherry Aerospace
• Advanced Air Tools Company
• Soartec Industrial Corporation
• Toptul Taiwan
• Shanghai Fast-Fix Rvet Corp
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