As per this study the Global Riveting Tools Market was valued USD XX MN (by revenue) in 2021 and is anticipated to reach USD XX MN by 2028 with a CAGR of XX%. By volume, the market was estimated XX Thousand Unit in 2021 and is expected to reach XX Thousand Unit by 2026 with a CAGR of XX%.
Riveting tools are used for enthralling, arresting, gripping and fascinating the various substances in industries. Riveting tools include several products such as pneumatic, hydro-pneumatic, battery powered, lazy tong and handheld lever. Reverting tools find applications across automotive & aerospace, building & construction, transportation, woodworking & decorative and others.
The growing demand from the construction industry for steel structure installation and infrastructure development is driving the market growth. The increasing use of the riveting tool in fabrication processes is again accelerating market growth. Additionally, the growing demand for automation across the globe is also expected to augment market demand. On the other hand, increasing penetration of adhesives and tapes may restrict market growth. Whereas, the use of advanced riveting tools in flooring and outer body bonding for applications in transportation is expected to drive demand during the forecast period.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of riveting tools.
The broad riveting tools market has been sub-grouped into product, and application. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
- Battery Powered
- Lazy Tong
- Hand Held Lever
- Automotive & Aerospace
- Building & Construction
- Woodworking & Decorative
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for riveting tools in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Riveting Tools Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the riveting tools market include Ace Rivet & Fastener, Inc., Advanced Air Tool Company, Inc., Arconic Fastening Systems, AVK Industrial Products, Cherry Aerospace, Gesipa Blindniettechnik GmbH, Honsel Unformtechnik, Karat Industrial Corporation, LOBTEX CO., LTD., Rivtec Ltd., Sioux Tools, and Others. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.