Rivet Gun Market

Rivet Gun Market: Increasing Demand for Improved and Efficient Fastening Tools from Automotive & Transportation End Users to Fuel Growth: Global Industry Analysis 2013 - 2017 and Opportunity Assessment 2018 - 2028

  • 2019-02-04
  • REP-GB-7911
  • 307 pages
  • Format: PDF/PPT/Excel

An Incisive, In-depth Analysis on the Rivet Gun Market

This study offers a comprehensive, 360 degree analysis on the Rivet Gun market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Rivet Gun market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.

Growth of Automotive Industry to Drive Demand for Rivet Processing Tools Such as Rivet Guns

The report covers comprehensive information on the market trends, value (US$ Mn) and volume (units), competition projections, recent developments and dynamics in the global rivet gun market for the duration between 2018 and 2028.

The global rivet gun market is estimated to reach US$ 799.9 Mn by the end of forecast period, registering a CAGR of 6.1% in terms of value. The rising demand for pneumatic rivet guns and the increasing online sales of rivet guns are some of the key factors expected to boost the demand for rivet guns in the global market.

Increasing Housing Investments and Rapid Urbanization to Drive Demand for Rivet Processing Tools

Urbanization has been creating a need for additional infrastructure development, such as transportation, energy and related maintenance services; all of which require rivet processing tools. According to the UN, the world population is expected to increase by 20% between 2015 and 2025, with Asia and Africa projected to contribute significantly to this growth, which is expected to further lead to urbanization and the subsequent need for hand and power tools. Investment in the housing sector is a major factor fueling the demand for rivet guns and rivet processing tools as rivets are widely used in residential construction for the attachment of doors through hinges, as well as roofing and ceiling. Growth in aerospace, automotivve and marine fasteners is also expected to drive demand for rivet guns in the global market. The sales of rivet guns in India has been growing with rapid infrastructural development and urbanization, and strong investment in the construction housing sector. Sales in Japan grew with the gradual recovery of investments in the housing sector and the demand for restoration following the Great East Japan Earthquake.

By the end of the forecast period, the application of rivet guns in the building and construction industry is anticipated to grow 1.71X in terms of value, as compared to 2018. The segment is projected to create an incremental dollar opportunity worth nearly US$ 46.2 Mn during the forecast period.

Increasing Sales of Automotive, Supported by Economic Growth

As per IMF data, the global economy grew by 3.8% (real GDP) in 2017. Economic growth improves the standard of living, alongside the spending power of people. The automotive industry across the globe has been enjoying a period of relatively strong and substantial growth and profits, which consequently has been surging the demand for rivet processing tools (rivet guns). Rivet processing tools (rivet guns) are widely used to manufacture and assemble the parts of an automobile using rivets. Improving economic conditions and rapid urbanization have led to an increase in the sales of automobiles in emerging markets. Therefore, the increasing demand and subsequent production of automotive have led to an increase in the demand for tools used to assemble automotive parts.            

The pneumatic rivet gun segment is projected to grow with a 5.6% CAGR, in terms of value, over the forecast period. The rising demand for lightweight processing tools and automotive fasteners in the automotive industry for ease of use, high performance and energy efficiency are some of the other factor driving the growth of the rivet gun market.

Growth of Semiconductor and Electronics Industries

The rising demand for consumer electronics with added functionality, long operating times and superior performance has been prompting electronics manufacturers to focus on developing quicker ways to provide products to end users. Rivet processing tools such as rivet guns play a significant role in meeting these objectives. Accurate and stable processing tools enable close control of the microenvironments surrounding electronics and semiconductor tools. In the past few years, the electronic industry has grown at a substantial rate in emerging countries, thereby providing impetus to the growth of the rivet gun market.

E-business or online sales in emerging economies have also been growing at a significant pace in recent years. The online sales of rivet guns around the globe is projected to grow with a 6.9% CAGR in terms of value over the forecast period.

China and India to Remain High-Growth Countries in the Rivet Gun Market

Production and consumption of rivet guns in China and India are expected to grow with a significant rate during the forecast period, owing to the positive outlook of automotive and construction industries in India and China. Rapid urbanization has been fueling automotive sales, which in turn has been surging the demand for rivet processing tools (rivet guns). Rivet guns are extensively used in the automobile industry to join or assemble parts. In the construction industry, rivets are used to assemble two steel frames, construction towers, light towers and bridges, steel roofing and trusses. Collectively, in terms of value, China and India are expected to grow 2.05X over the forecast period.

The well-established production and distribution facilities in India and China, coupled with the growth of the online sales channel, are expected to create a significant opportunity for the growth of the rivet gun market in the Asia Pacific region.

Rivet Gun Market – Competition Landscape

The global rivet gun market is moderately consolidated with top market players holding single digit market shares as of 2017. The top ten players in the global rivet gun market are projected to collectively hold between a 25% and 30% market share.

In the past few years, the rivet gun market has witnessed significant developments from a competition perspective. Acquisitions, collaborations and expansion of production capacity are some of the key strategies adopted by market players to expand and sustain in the global rivet gun market.

  • In August 2014, Atlas Copco North America, Asia-Pacific, and U.K. Holding company has completed the acquisition of all entities of self-pierce riveting specialist Henrob with main sirtes in the UK and the US

  • In March 2015, the company acquired Newell Brands' Tools Business for US $1.95 billion to strengthen its position in the global tools industry

Some of the key manufacturers covered in this study on the global rivet gun market are GESIPA Blindniettechnik GmbH, Arconic Inc. Atlas Copco AB, Stanley Black & Decker, Inc., Rivetec s.r.o., Malco Products, SBC, Degometal, Fastening Systems International Inc., Ingersoll-Rand plc, LOBTEX Co., Ltd., JPW Industries Inc, Honsel Umformtechnik GmbH, FAR, Campbell Hausfeld and Astro Pneumatic Tool Company.

Key Questions Answered in the Rivet Gun Market Report

  • How has the rivet gun market evolved over the past four years?

  • What are some of the prevailing market dynamics in the rivet gun market?

  • What shape is the rivet gun market expected to take in terms of volume and value during the study period?

  • What are the competition developments and trends in the rivet gun market?

  • What are the important key challenges, opportunities and improvement factors for rivet gun market players?

  • What are some of the underlying macro-economic and industry factors impacting the growth of the rivet gun market?

  • What are the important market positioning and key strategies of key rivet gun manufacturers as per the market taxonomy?

  • How is the competition structured at present and how has it evolved in the rivet gun market over the past few years?

Future Market Insights (FMI) analyses the Rivet Gun market in its new publication titled “Rivet Gun Market: Global Industry Analysis 2013-2017 and Opportunity Assessment 2018-2028”. This Rivet Gun market study considers 2017 as the base year with market values estimated for 2018 and forecast developed for the duration of 2018 to 2028. The main objective of the report is to identify the dynamics in the market and illustrate recent updates and insights that may impact the different segments of the global Rivet Gun market. This Rivet Gun market study casts some light on value chain, market dynamics, macro-economic factors, competition analysis, pricing analysis, segmental and regional growth comparison and power tools industry growth analysis, along with segment-level projections in an inclusive representation. According to FMI’s research, the global Rivet Gun market is anticipated to witness significant growth while growing at a CAGR of 6.1% during the forecast period. Growing automotive and transportation industry as well as increasing construction activities are some of the key factors fuelling the demand for Rivet Guns in the global market during the forecast period.

FMI’s report on the Rivet Gun market analyses the market at regional and global levels through market segmentation based on key parameters, such as product type, capacity type, operation type, distribution channel, end use and region.

A rivet gun is an important fastening tool used to drive rivets through the structure to be joined. A rivet gun is very helpful when efficiency and speed are priorities. Rivet guns find applications in several end-use verticals, such as automotive, aerospace, marine, construction, electronics and any other application where fastening is required through riveting.

The Rivet Gun market report has been organised to enable the reader to obtain detailed knowledge about the global Rivet Gun market. The global Rivet Gun market report starts with market introduction, definitions and taxonomy, followed by the market view point, market dynamics and market analysis by key segments, regional analysis and competition landscape. Individual sections covered in the report include a qualitative as well as quantitative assessment based on several facts, historical as well as ongoing trends gaining momentum and key opinions collected from industry participants through dedicated interviews and trends in the global Rivet Gun market.

Rivet Gun Market: Segmentation

The global Rivet Gun market has been segmented on the basis product type, capacity type, operation type, distribution channel, end use and region.

On the basis of product type, the global Rivet Gun market has been segmented into:

  • Pneumatic Rivet Guns

  • Manual or Hand Operated Rivet Guns

  • Battery Operated Rivet guns

On the basis of capacity, the global Rivet Gun market has been segmented into:

  • Light duty Rivet Guns (less than 3mm)

  • Medium duty Rivet Guns (3-5 mm)

  • Heavy Duty Rivet Guns (> than 5mm)

On the basis of operation type, the global Rivet Gun market has been segmented into:

  • Pop Riveting

  • Slow Hitting

  • Fast Hitting

On the basis of distribution channel, the global Rivet Gun market has been segmented into:

  • Online Sales

  • Offline Sales (Retailers, Distributors)

On the basis of end use, the global Rivet Gun market has been segmented into:

  • Automotive & Transportation

  • General Manufacturing

  • Electronics

  • Building & Construction

  • Others

On the basis of region, the global Rivet Gun market has been segmented into:

  • North America

  • Latin America

  • Western Europe

  • Eastern Europe

  • South East Asia & Pacific

  • Middle East & Africa

  • China

  • India

  • Japan

The global Rivet Gun market report begins with an overview of the market, which provides a summarized view of the report as well as market definitions & taxonomy. In the subsequent section, the report defines the market view point, which includes primary survey, macroeconomic factors, forecast factors, value chain and other qualitative data regarding the market. The section that follows includes market dynamics, such as drivers, trends, restraints and opportunities, impacting the global Rivet Gun market during the forecast period.

Following sections of the report provide global market value (US$ Mn) and volume (Units) projections on the basis of the aforementioned segments. The global market values represented in these sections have been derived by gathering information and data at a country as well as regional level. The next section of the report represents a concise view of the global Rivet Gun market based on nine prominent regions/country considered in the study. The section includes regional market attractiveness analysis, market position and growth potential for each of the considered regions/countries.

In order to ensure a precise forecast, we began by sizing the present market, which forms the basis of how the global Rivet Gun market is expected to develop in the coming years. On the basis of the characteristics of the global Rivet Gun market, we triangulated the results of three different types of analysis, based on secondary research, primary research and our own analysis. However, forecasting the market in terms of various Rivet Gun segments and regions is more a matter of quantifying expectations and identifying opportunities rather than rationalising them after the completion of the forecast exercise.

Global Rivet Gun Market: Competition Landscape

In the final section of the report, we have provided the global Rivet Gun market structure and a detailed competition landscape with company market share and performance to provide a dashboard view of key players operating in the global Rivet Gun market along with their business strategies to report audiences. This section includes market share analysis and tier structure analysis of the key manufacturers in the global Rivet Gun market. Detailed profiles of providers have also been included under the scope of the report to evaluate their long- and short-term strategies, key offerings and recent developments in the Rivet Gun market. Examples of some of the key competitors covered under the Rivet Gun report include Stanley Black & Decker, Inc.,  Arconic Inc., Astro Pneumatic Tool Company, Campbell Hausfeld, Malco Products, SBC, DEGOMETAL, Lobtex Co. Ltd., Ingersoll-Rand plc., JPW Industries Inc. (JET brand), Fastening Systems International Inc. (FSI), RIVETEC s.r.o., GESIPA Blindniettechnik GmbH and Honsel Group.

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