Since the early bronze age, metal joining process has been one of the most important and inseparable fragment of metal work. Among the several methods, riveting made a special place in permanent fastening and still has no replacement for several end-use applications such as construction of heavy structures and tanks & boilers vessels. Riveting is reliable fastening process and hence, the demand for preventing machines are observing a steady growth over decades and is not expected to cease for years to come. In 2017, riveting machines market registered a market value of US$ 189.0 Mn and projected to touch US$ 267.9 Mn mark by 2026. The market is estimated to grow with a decent growth rate of 3.9% throughout the forecast period from 2018 to 2026.

Riveting is simple method of permanently joining two metal sheets and is classified into several methods based on the machines type. The research study discusses market value, estimates, and growth of impact riveting machines, orbital riveting and other riveting machines. Other riveting machines includes radial riveting, roller-form riveting, automatic drilling & riveting machines, etc. In 2017, the overall riveting machines market is dominated by impact riveting. The method is widely used for construction of heavy structures and several other industrial manufacturing and processing machines. However, impact riveting machine is expected to face tough competition from orbital riveting machines for market share in coming years.

"Hydraulic and Pneumatic Riveting Machines to lose their Share to Electric Riveting Machines"

Riveting machines need an external power source such as hydraulic, pneumatic and electricity to punch rivets into the metal sheets. Consequently, the research study included the market study of riveting machines based on the power source. From past many years, hydraulic and pneumatic powered machines were the only available riveting machine used for different end-use industries. However, with the introduction of better electric motors and advanced drive controllers, electric riveting machines are taking over the market shares of hydraulic and pneumatic riveting machines market.

"Heavy Development in Industrial and Construction Sector Allowed Asia Pacific to Dominate Over the Global Riveting Machines Market"

Several ongoing constructions of public and private infrastructures in Asia Pacific aided the region to register a strong market value in the overall riveting machines market. Besides construction, rapid industrial development in countries such as China, India, and South Korea among others also helping the market to flourish in this region. Asia Pacific market is closely followed by North America and Europe in terms of market share. However, other developing regions including Middle East & Africa and Latin America are expected to make an impact on the global riveting machines market.

Competitive Landscape     

The research study covers some of the leading riveting machine manufacturers including Stanley Black & Decker, GESIPA Blindniettechnik GmbH, BalTec UK Ltd., Bollhoff Fastenings Pvt. Ltd. (Bollhoff Group), Arconic Inc., CAPMAC INDUSTRY Srl, VVG-Befestigungstechnik GmbH & Co., Superior Rivet Machines, Zhejing JUDA, Machinery Co., Ltd., LA CLUSIENNE-CLUFIX, Meta Precision Industry Co., Ltd., ATOLI MACHINERY CO., LTD. Global riveting machines market is quite fragmented and competitive in nature owing to a number of small & big, and domestic as well as international manufacturers. The competitive nature of market enforced the companies to come up with different business strategies in order to survive and maintain their market position. The study also includes detailed company profiles of the leading riveting machines manufacturing companies.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Riveting Machines market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Riveting Machines market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Riveting Machines market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Riveting Machines market?
• Which is the largest regional market for Riveting Machines market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Riveting Machines market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Riveting Machines market worldwide?