Global Riveting Tools Market, Size, Trends & Analysis- Forecasts To 2026 By Product (Pneumatic Rivet Tools, Lazy Tong Rivet Tools, Hydro-Pneumatic Rivet Tools, Battery Powered Rivet Tools, Handheld Lever Rivet Tools), By Application (Transportation, Automotive & Aerospace, Woodworking & Decorative, Building & Construction, Others), By Region (North America, Asia Pacific, CSA, Europe, and the Middle East and Africa); End-User Landscape, Company Market Share Analysis and Competitor Analysis
Riveting Tools Market: Insights
A rivet is a mechanical tool that is used to hold adjacent surfaces of an object. This tool consists of two components, namely the head, which is in a cylindrical shape, and the tail, which is present on the opposite edge of the cylindrical shaft. There are specific instruments and rivets, referred to as rivet guns, to install these rivets. The rapidly growing metal processing industry is a major driver for the market to grow exponentially. Moreover, during the manufacturing and installation of equipment, riveting tools are commonly used to help mount the equipment. The growing implementation of wire-free and self-powered riveting tools have driven the market heavily.
Riveting Tools Market: By Product
Based on the product type, the market is bifurcated into pneumatic, lazy tong, hydro-pneumatic, hand-held lever, and battery-powered rivet tools segments. The battery-powered rivet tools segment would be the dominating segment because they are highly effective and are simple to manage as compared to the pneumatic tools.
Riveting Tools Market: By Application
According to the application, this market can be represented in five segments, namely transport, automotive & aerospace, woodworking & decorative, and building & construction. The automotive industry segment is expected to have the highest share in the market due to the growing production of passenger and commercial vehicles in countries like the US, Germany, China, and India among others.
Riveting Tools Market: By Region
Based on the regional study the market for riveting instruments is graded in, Europe, North America, Asia Pacific, the Middle East & Africa, and CSA. The Asia Pacific will grow with the highest CAGR value owing to booming manufacturing, automotive, building, and construction industries across China, Japan, and India are likely to support the growth of the Asia Pacific market. On the other hand, North America would be the dominant regional segment owing to the high adoption of advanced technology in the automotive industry.
Riveting Tools Market: Share & Competitor Analysis
The key players competing in this market are Arconic Fastening Systems, Cherry Aerospace, AVK Industrial Products, Sioux ToolsAce Rivet & Fastener, Inc. E Ding Co., Ltd., Toptul, LOBTEX CO., LTD., Astro Pneumatic Tool Company, Gesipa Blindniettechnik GmbH, Rivtec Ltd., and Advanced Air Tool Company, Inc. among others.
Please note: This is not an exhaustive list of companies profiled in the report.
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The Global Riveting Tools Market has been studied from the year 2019 till 2026. However, the CAGR provided in the report is from the year 2021 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Riveting Tools Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies and customer analytics.
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