Riveting Tools Market Size - Global Industry, Share, Analysis, Trends and Forecast 2024 - 2032
The Global Riveting Tools Market Size accounted for USD 237.2 Million in 2023 and is estimated to achieve a market size of USD 416.9 Million by 2032 growing at a CAGR of 6.5% from 2024 to 2032.
Riveting Tools Market Highlights
- Global riveting tools market revenue is poised to garner USD 416.9 million by 2032 with a CAGR of 6.5% from 2024 to 2032
- Asia-Pacific riveting tools market value occupied around USD 99.6 million in 2023
- North America riveting tools market growth will record a CAGR of more than 7.3% from 2024 to 2032
- Among application, the building & construction sub-segment generated noteworthy revenue in 2023
- Based on product, the pneumatic sub-segment generated 38% riveting tools market share in 2023
- Development of eco-friendly and energy-efficient riveting tools is a popular riveting tools market trend that fuels the industry demand
Riveting tools are specialized devices for putting rivets, which are permanent mechanical fasteners that connect materials like metal and plastic. These tools are divided into three types: manual, pneumatic, and hydraulic, with each best suited to a certain use based on the size and material of the rivet, as well as the scope of the job. Riveting tools compress and distort the rivet body, binding the materials together. They are widely used in industries such as aerospace, automotive, construction, and manufacturing, which require strong, trustworthy joints. The needed force, the accessibility of the connection, and the type of rivet used, such as blind rivets or solid rivets, all influence the riveting tool selection.
Global Riveting Tools Market Dynamics
Market Drivers
- The aerospace and automotive industries are experiencing an increase in demand for long-lasting fastening systems
- Technological advances in riveting tools have increased efficiency and convenience of usage
- Construction and infrastructure projects are expanding globally
- Automation is being more widely used in production processes
Market Restraints
- Advanced riveting tools have a high initial cost
- The availability of alternate fastening methods such as welding and adhesive bonding
- Raw material prices fluctuate, affecting production costs
Market Opportunities
- Expanding applications in emerging industries like renewable energy
- Growth potential in developing regions due to industrialization
- Increasing demand for lightweight and high-strength materials in manufacturing
Riveting Tools Market Report Coverage
| Market | Riveting Tools Market |
| Riveting Tools Market Size 2022 |
USD 237.2 Million |
| Riveting Tools Market Forecast 2032 | USD 416.9 Million |
| Riveting Tools Market CAGR During 2023 - 2032 | 6.5% |
| Riveting Tools Market Analysis Period | 2020 - 2032 |
| Riveting Tools Market Base Year |
2022 |
| Riveting Tools Market Forecast Data | 2023 - 2032 |
| Segments Covered | By Product, By Application, And By Geography |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
| Key Companies Profiled | GESIPA Blindniettechnik GmbH, Rivtec Limited, MPK Special Tools GmbH, Stanley Black & Decker, Inc., KARAT INDUSTRIAL CORPORATION, Honsel, Sioux Tools, Inc., Cherry Aerospace, Arconic, and AVK Industrial Products. |
| Report Coverage |
Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Covid-19 Analysis, Regulation Analysis |
Riveting Tools Market Insights
Developing need for computerization over the enterprises is relied upon to drive the development. The viewpoint of raw materials, for example, steel and aluminium industry is relied upon to stay vigorous because of strong monetary basics, for example, venture because of high certainty, strong utilization, rising salary and low financing costs. Moreover, ongoing expense changes are relied upon to help development of the steel showcase in U.S., which is required to profit the arresting apparatuses market.
Demand from automotive industry, particularly in assembling of traveller vehicles is relied upon to develop in the wake of development underway principally in China and India. What's more, recuperating automotive creation in economies, for example, Brazil and Russia is relied upon to give a driving force to the market over the figure time frame. Airplane business represents a high utilization of bolts which thusly prompts an expanded need. High use of bolts in flying machine segments, for example, lodge insides, airplane body, and others is required to rise as the central point driving the development.
Demand in building and development industry is relied upon to become inferable from the expanding utilization of bolts in holding of entryway and window boards. Furthermore, developing use in business structures, driven by better feel and simple than introduce properties of bolts combined with the broad application scope in such establishments is foreseen to look good for development. Utilization of riveting apparatuses in the transportation vehicles is seen to be high because of the necessity of high pressure opposition. Expanding utilization of cutting edge bolts in the trailer rooftop get together, wherein the product is utilized for appending transversal profiles and other sheet components to the structures, is evaluated to additionally drive the development.
Riveting Tools Market Segmentation
The worldwide market for riveting tools is split based on product, application, and geography.
Riveting Tools Market By Products
- Pneumatic
- Hydro-Pneumatic
- Battery Powered
- Lazy Tong
- Hand Held Lever
According to riveting tools industry analysis, the pneumatic segment is prominent because to its efficiency, adaptability, and widespread application across a variety of industries. Pneumatic riveting tools use pressurized air to apply the necessary force for rivet installation, making them powerful and suitable for heavy-duty tasks. Their appeal arises from their ability to deliver consistent and reliable performance in high-volume production environments like as automotive and aerospace manufacturing. Pneumatic tools are also known for their durability and convenience of use, which reduce operator fatigue and increase production. Their cost-effectiveness, combined with the ability to handle a wide range of rivet sizes and materials, reinforces pneumatic riveting equipment as the market's preferred choice, especially for industrial applications.
Riveting Tools Market By Applications
- Automotive & Aerospace
- Building & Construction
- Transportation
- Woodworking & Decorative
- Others
The building & construction sector generates the most revenue in the riveting tools market forecast period because riveting tools are widely used in a variety of building applications. Riveting tools are used to assemble structural components, fasten metal panels, and secure joints in construction and infrastructure projects. The sector's requirement for long-lasting, dependable, and effective fastening solutions generates significant revenue. Furthermore, the increase in construction activity, urbanization, and infrastructure development raises the demand for these instruments. Riveting provides benefits such as high strength and durability, which are critical for the structural integrity and longevity of construction projects. As a result, the building & construction segment continues to provide a significant contribution to the market's revenue growth.
Riveting Tools Market Regional Outlook
North America
- U.S.
- Canada
Europe
- U.K.
- Germany
- France
- Spain
- Rest of Europe
Asia-Pacific
- India
- Japan
- China
- Australia
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
The Middle East & Africa
- South Africa
- GCC Countries
- Rest of the Middle East & Africa (ME&A)
Riveting Tools Market Regional Analysis
In terms of riveting tools market analysis, Asia-Pacific has driven the share of the market as far as utilization, attributable to expanding demand for get together and MRO tasks in aviation applications in creating economies. Continued development in development part because of increment in foundation advancement exercises is foreseen to additionally help development.
The presence of a hearty assembling base in U.S. combined with quick development of car division in Mexico is probably going to expand the demand from North America within a reasonable time-frame. Expanding ventures from major car makers, for example, Toyota and General Motors, in an offer to build the generation limits, are relied upon to drive the local development.
Riveting Tools Market Players
Some of the top riveting tools companies offered in our report includes GESIPA Blindniettechnik GmbH, Rivtec Limited, MPK Special Tools GmbH, Stanley Black & Decker, Inc., KARAT INDUSTRIAL CORPORATION, Honsel, Sioux Tools, Inc., Cherry Aerospace, Arconic, and AVK Industrial Products.
Frequently Asked Questions
How big is the riveting tools market?
The riveting tools market size was valued at USD 237.2 million in 2023.
What is the CAGR of the global riveting tools market from 2024 to 2032?
The CAGR of riveting tools is 6.5% during the analysis period of 2024 to 2032.
Which are the key players in the riveting tools market?
The key players operating in the global market are including GESIPA Blindniettechnik GmbH, Rivtec Limited, MPK Special Tools GmbH, Stanley Black & Decker, Inc., KARAT INDUSTRIAL CORPORATION, Honsel, Sioux Tools, Inc., Cherry Aerospace, Arconic, and AVK Industrial Products.
Which region dominated the global riveting tools market share?
Asia-Pacific held the dominating position in riveting tools industry during the analysis period of 2024 to 2032.
Which region registered fastest CAGR from 2024 to 2032?
North America region exhibited fastest growing CAGR for market of riveting tools during the analysis period of 2024 to 2032.
What are the current trends and dynamics in the global riveting tools industry?
The current trends and dynamics in the riveting tools industry include the aerospace and automotive industries are experiencing an increase in demand for long-lasting fastening systems, technological advances in riveting tools have increased efficiency and convenience of usage, construction and infrastructure projects are expanding globally, and automation is being more widely used in production processes.
Which product held the maximum share in 2023?
The pneumatic product held the maximum share of the riveting tools industry.
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