Fastener Engineering

  • Home
  • Fasteners
    • Nuts, bolts, rivets
    • Screws
    • Spacers + standoffs
    • Pins
    • Uclips + U-nuts
    • Eyebolts, rod ends, etc.
    • Thread repair kits + lockers
  • Adhesives
  • Springs
    • Compression
    • Constant force
    • Spring clip
    • Torsion springs
  • Washers / Spacers
    • Gaskets and Seals
  • Tools
  • Materials
  • Resources
    • Digital Issues
    • Leadership in Engineering
    • Suppliers
    • Video
  • Women in Engineering

Riveting tools market to reach $284.8 million by the end of 2025

By Michelle Froese | October 9, 2019

The global riveting tools market was projected at U.S.$199.0 million in 2017, but the scope of the market is expected to reach U.S.$284.8 million by the end of 2025. It is also expected to record a CAGR of 4.6% during that time, according to a new report from Million Insights: Riveting Tools Market.

Learn more about the Riveting Tools Market report here.

Learn more about the Riveting Tools Market report here.

Riveting tools are extensively used in fabrication and manufacturing. Typical technologies include pressed, radial, and orbital riveting. Radial riveting is most commonly used because it enables high-class joints by means of a smaller amount of input power and abridged cycle time.

Requests for mechanization in the sectors that use riveting tools is likely to advance new developments, according to the report. For example, increased demand from the construction industry, which is installing steel structures and building new infrastructure, is one segment motivating the market and pushing it forward.

Here are some other trends:

Drivers. The manufacturing of raw materials, such as aluminum and steel, are expected to strengthen due to increased investments and low-slung interest charges. Also, the latest restructurings of tax are expected to bolster the development of the steel market in U.S. This is likely to benefit the riveting tools industry.

Regional lookout. The global riveting tools market includes North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa. Asia Pacific has headed the share of the market by means of intake because of a growing demand for MRO operations and assembly in the applications of aerospace and other emerging markets. Ongoing projects in construction owing to the growth in the development of new infrastructure is also expected to increase.

Automotive industry. A strong industrial base in the U.S., along with growth in the automobile sector in Mexico, will increase the demand for riveting tools for the considerable future. Growing funds from key automobile manufacturing companies, such as General Motors and Toyota, are also expected to positively affect development. Ever-changing developments in lightweight and eco-friendly automobiles are likely to influence demand for riveting tools in Europe.

Growing demand for lightweight and innovative tools for fastening in vehicles will also increase the replacement percentage of the industrial fastening.

Companies. Some of the important companies for riveting tools market include: Ningbo Maowang Rivet Mfg. Co, Ltd., Toptul Taiwan, E Ding Co. Ltd, FAR Tools, Honsel Umformtechnik, Advanced Air Tools Company, Inc., AR conic Fastening Systems, Cherry Aerospace, Shanghai Fast-Fix Rivet Corp, Soartec Industrial Corporation, KARAT Industrial Corporation, Lobtex Co. Ltd, Ace Rivet and Fastener Inc., Sioux Tools, Gesipa Blindniettechnik GmbH, Stanley Engineered Fastening Rivtec Ltd.

Million Insights
www.millioninsights.com

Tell Us What You Think! Cancel reply

Related Articles Read More >

The HARDLOCK solution: Securing against vibration
Calculate torque and find fastener dimensions easily with Nord-Lock’s digital tools
A heavy-duty manual rivetnut tool from Goebel
A coating system that does not generate hydrogen embrittlement

MC2

Motion Control Classroom

Stay Connected

Resources

engineering whitepapers

Engineering White Papers brings a free library of engineering white papers, catalogs, software white papers and technology white papers on hundreds of engineering related topics.
Fastener Engineering
  • Fastener Suppliers
  • Advertise
  • About
  • Subscribe
  • Contact Us

Copyright © 2022 WTWH Media LLC. All Rights Reserved. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of WTWH Media
Privacy Policy | Advertising | About Us

Search Fastener Engineering

  • Home
  • Fasteners
    • Nuts, bolts, rivets
    • Screws
    • Spacers + standoffs
    • Pins
    • Uclips + U-nuts
    • Eyebolts, rod ends, etc.
    • Thread repair kits + lockers
  • Adhesives
  • Springs
    • Compression
    • Constant force
    • Spring clip
    • Torsion springs
  • Washers / Spacers
    • Gaskets and Seals
  • Tools
  • Materials
  • Resources
    • Digital Issues
    • Leadership in Engineering
    • Suppliers
    • Video
  • Women in Engineering