The riveting equipment market share is expected to increase by USD 112.99 million from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 6%. The riveting equipment market report also offers information on several market vendors, including Ace Rivet & Fastener Inc., BalTec Corp., Capmac Industry Srl, Constantin Hang Maschinen-Produktion GmbH, E Ding Co. Ltd., GESIPA Blindniettechnik GmbH, Howmet Aerospace Inc. , Soartec Industrial Corp., Stanley Black & Decker Inc., and Wilhelm Bollhoff GmbH & Co. KG among others. Furthermore, this riveting equipment market research report extensively covers riveting equipment market segmentation by end-user (aerospace, automotive, industrial gas turbine, construction machinery, and others), geography (Europe, North America, APAC, South America, and MEA), and technology (pneumatic, hydraulic, and electric).
What will the Riveting Equipment Market Size be During the Forecast Period?
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Riveting Equipment Market: Key Drivers, Trends, and Challenges
Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The steady growth in demand for production of various automotive components is notably driving the riveting equipment market growth, although factors such as volatility in prices of raw materials may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the riveting equipment industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Riveting Equipment Market Driver
one of the key factors driving growth in the riveting equipment market is the the rapid growth in demand for the production of various automotive components. Power tools and riveting equipment are extensively used by the automotive industry for the manufacturing assembly of vehicles. The increasing automotive production and aftermarket services are leading to the rise in global automotive sales which in turn is driving the growth of the riveting equipment market.
Key Riveting Equipment Market Trend
The growing adoption of riveting machines from DIY consumers has been witnessed in both developed as well as developing countries, where traditionally, the DIY market was less prevalent. Moreover, in contrast to developed economies, the higher the level of disposable income in a developing country, the higher will be the spending on tools and equipment for home improvement and maintenance. This is likely to drive the demand for power tools and in turn, riveting equipment from the home improvement segment.
This riveting equipment market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
Who are the Major Riveting Equipment Market Vendors?
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
- Ace Rivet & Fastener Inc.
- BalTec Corp.
- Capmac Industry Srl
- Constantin Hang Maschinen-Produktion GmbH
- E Ding Co. Ltd.
- GESIPA Blindniettechnik GmbH
- Howmet Aerospace Inc.
- Soartec Industrial Corp.
- Stanley Black & Decker Inc.
- Wilhelm Bollhoff GmbH & Co. KG
This statistical study of the riveting equipment market encompasses successful business strategies deployed by the key vendors. The riveting equipment market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The riveting equipment market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Which are the Key Regions for Riveting Equipment Market?
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44% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for riveting equipment in APAC. Market growth in this region will be faster than the growth of the market in other regions.
The growth in industrialization and rapid urbanization is one of the prime factors that will facilitate the riveting equipment market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
What are the Revenue-generating End-user Segments in the Riveting Equipment Market?
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The riveting equipment market share growth by the aerospace segment will be significant during the forecast period. The rise in global automotive sales presents a high scope for the growth of the global riveting equipment market, primarily due to the increasing automotive production and aftermarket services. The rise in automotive sales is being driven by several factors, including the demand from developing countries, low oil and gas prices, increased demand for sports utility vehicles (SUVs) and trucks in the US, and growing demand for electric vehicles (EVs).
This report provides an accurate prediction of the contribution of all the segments to the growth of the riveting equipment market size and actionable market insights on post COVID-19 impact on each segment.
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Riveting Equipment Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2020 |
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Forecast period |
2021-2025 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 6% |
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Market growth 2021-2025 |
$ 112.99 million |
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Market structure |
Fragmented |
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YoY growth (%) |
5.03 |
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Regional analysis |
Europe, North America, APAC, South America, and MEA |
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Performing market contribution |
APAC at 44% |
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Key consumer countries |
US, Germany, China, Japan, and France |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
Ace Rivet & Fastener Inc., BalTec Corp., Capmac Industry Srl, Constantin Hang Maschinen-Produktion GmbH, E Ding Co. Ltd., GESIPA Blindniettechnik GmbH, Howmet Aerospace Inc. , Soartec Industrial Corp., Stanley Black & Decker Inc., and Wilhelm Bollhoff GmbH & Co. KG |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
What are the Key Data Covered in this Riveting Equipment Market Report?
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will drive riveting equipment market growth during the next five years
- Precise estimation of the riveting equipment market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the riveting equipment industry across Europe, North America, APAC, South America, and MEA
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of riveting equipment market vendors
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