Aerospace Riveting Equipment Market
Aerospace Riveting Equipment Market Forecasts to 2030 - Global Analysis By Product Type (Rivet Guns, Dimpling Tools, Rivet Hammers and Other Product Types), By Rivet Type (Solid Rivets, Blind Rivets, Semi-Tubular Rivets and Other Rivet Types), Equipment Type, Mobility, Technology, Application, End User and By Geography
|
Years Covered |
2021-2030 |
|
Estimated Year Value (2023) |
US $110.04 MN |
|
Projected Year Value (2030) |
US $157.96 MN |
|
CAGR (2023-2030) |
6.8% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
North America |
|
Highest Growing Market |
Asia Pacific |
According to Stratistics MRC, the Global Aerospace Riveting Equipment Market is accounted for $110.04 million in 2023 and is expected to reach $157.96 million by 2030 growing at a CAGR of 6.8% during the forecast period. Aerospace riveting equipment encompasses specialized tools and machinery used in aircraft manufacturing to join metal components using rivets. These tools include rivet guns, bucking bars, and rivet squeezers, designed to securely fasten materials like aluminum and titanium. Precision and reliability are crucial in aerospace riveting to ensure the structural integrity and safety of aircraft, making this equipment essential in the aerospace industry.
According to theAerospace Industries Association (AIA) estimates the AAM market in the US to reach approximately US $115 billion by 2035, equivalent to 30% of the present US commercial air transportation market.
Market Dynamics:
Driver:
Growing demand for commercial and military aircraft
Due to global airlines expanding their fleets to meet increasing passenger traffic and defense budgets allocating resources for aircraft modernization and procurement, the need for efficient riveting equipment intensifies. Aerospace riveting equipment plays a crucial role in assembling aircraft structures with precision and reliability, ensuring structural integrity and safety. This demand fuels market growth as manufacturers seek advanced riveting solutions to meet the rising requirements of the aerospace industry.
Restraint:
High initial investment and operational costs
Procuring advanced riveting equipment entails substantial upfront capital expenditure, which can be a deterrent for smaller aerospace manufacturers or those operating on tighter budgets. Additionally, the ongoing operational expenses for maintenance, training, and energy consumption further contribute to the overall cost burden. These financial barriers may limit the adoption of modern riveting technologies, especially for companies with limited financial resources, potentially impeding market growth.
Opportunity:
Emerging markets in Asia-Pacific and Middle East driving demand for aircraft
The emergence of markets in Asia-Pacific and the Middle East presents a significant opportunity for the aerospace riveting equipment market. These regions are experiencing rapid economic growth, leading to increased air travel demand and fleet expansion by airlines. As a result, there is a higher need for aircraft production and maintenance facilities, driving the demand for riveting equipment. Moreover, governments in these regions are investing in aviation infrastructure, creating favorable conditions for market growth and business expansion for aerospace riveting equipment manufacturers.
Threat:
Economic fluctuations impacting aerospace budgets and investments
Economic fluctuations pose a significant threat to the aerospace riveting equipment market, as they can directly impact aerospace budgets and investments. During periods of economic downturn, aerospace companies may face reduced orders for new aircraft or delay existing projects, leading to decreased demand for riveting equipment. Additionally, budget constraints may force companies to defer equipment upgrades or investments in advanced riveting technology. Such uncertainties can disrupt market growth, affect profitability, and challenge the sustainability of riveting equipment manufacturers and suppliers in the aerospace sector.
Covid-19 Impact:
The COVID-19 pandemic severely impacted the aerospace riveting equipment market as it led to widespread travel restrictions, reduced air travel demand, and deferred aircraft production. This resulted in decreased orders for new aircraft and maintenance, repair, and overhaul (MRO) services, directly affecting demand for riveting equipment. Supply chain disruptions and workforce challenges further exacerbated the market's downturn, necessitating adaptability and resilience from industry players.
The pneumatic segment is expected to be the largest during the forecast period
The pneumatic segment is anticipated to dominate the aerospace riveting equipment market during the forecast period due to its widespread adoption and several advantages. Pneumatic riveting equipment offers high efficiency, reliability, and precision in joining metal components, making it preferred for various aircraft manufacturing applications. Additionally, pneumatic tools are relatively lightweight, portable, and easy to operate, enhancing productivity and reducing operator fatigue. These factors contribute to the segment's projected growth and market leadership in the coming years.
The maintenance, repair, and overhaul (MRO) segment is expected to have the highest CAGR during the forecast period
The maintenance, repair, and overhaul (MRO) segment is anticipated to experience the highest CAGR during the forecast period in the aerospace riveting equipment market. This is attributed to the increasing need for aircraft maintenance and refurbishment due to aging fleets, stringent safety regulations, and the rising emphasis on preventive maintenance practices. As airlines seek to extend the operational lifespan of existing aircraft, there's a growing demand for advanced riveting equipment in the MRO sector.
Region with largest share:
North America is poised to dominate the aerospace riveting equipment market due to various factors. The region hosts key aerospace manufacturers, including Boeing and Lockheed Martin, driving demand for riveting equipment. Additionally, robust investments in defense and space exploration contribute to market growth. Moreover, North America boasts advanced technological capabilities and a skilled workforce, enabling efficient production and innovation in riveting equipment. These factors collectively position North America as a leading hub for the aerospace riveting equipment industry.
Region with highest CAGR:
The Asia Pacific region is poised for rapid growth in the aerospace riveting equipment market owing to the burgeoning demand for air travel, driven by rising disposable incomes and urbanization, particularly in emerging economies like China and India. Moreover, increasing government investments in aerospace infrastructure, coupled with the expansion of the commercial aviation sector and the presence of key aircraft manufacturers, contribute to the region's anticipated growth in the aerospace riveting equipment market.
Key players in the market
Some of the key players in Aerospace Riveting Equipment Market include Airbus Helicopters, Arconic, Atlas Copco, Avdel, Boeing Commercial Airplanes, Cherry Aerospace, Eaton Aerospace, Gesipa Blindniettechnik GmbH, Henrob Corporation, Hi Shear Corporation, Huck International Inc, LISI Aerospace, Lockheed Martin, Northrop Grumman Corporation, Parker Hannifin Aerospace, SPS Technologies, Stanley Engineered Fastening and Trifast plc.
Key Developments:
In October 2023, Atlas Copco AB launched a cordless drill named EBB16, which has been designed for aircraft manufacturing.
In October 2023, GESIPA GBS 1000 launched its new battery-powered, semi-automatic blind rivet setter designed for lightweight and medium-duty applications. It features a brushless motor, ergonomic design, and intuitive user interface.
In September 2023, Stanley Engineered Fastening (SEF) (US) Announced plans to invest in additive manufacturing technologies for producing customized fasteners and tooling for aerospace applications. This allows for greater design flexibility and potentially lighter components.
In July 2023, Cherry Aerospace launched a new lightweight rivet designed for aircraft structures, featuring increased joint strength and fatigue resistance. This development aligns with the industry's push towards more fuel-efficient materials and designs..
Product Types Covered:
• Rivet Guns
• Dimpling Tools
• Rivet Hammers
• Rivet Shavers
• Rivet Squeezers
• Other Product Types
Rivet Types Covered:
• Solid Rivets
• Blind Rivets
• Semi-Tubular Rivets
• Other Rivet Types
Equipment Types Covered:
• Pneumatic
• Hydraulic
• Electric
Mobilities Covered:
• Fixed
• Portable
Technologies Covered:
• Automated
• Manual
Applications Covered:
• Commercial Aircraft Manufacturing
• Military Aircraft Manufacturing
• Spacecraft Manufacturing
• Other Applications
End Users Covered:
• Maintenance, Repair, and Overhaul (MRO)
• Original Equipment Manufacturers (OEM)
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Technology Analysis
3.8 Application Analysis
3.9 End User Analysis
3.10 Emerging Markets
3.11 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Aerospace Riveting Equipment Market, By Product Type
5.1 Introduction
5.2 Rivet Guns
5.3 Dimpling Tools
5.4 Rivet Hammers
5.5 Rivet Shavers
5.6 Rivet Squeezers
5.7 Other Product Types
6 Global Aerospace Riveting Equipment Market, By Rivet Type
6.1 Introduction
6.2 Solid Rivets
6.3 Blind Rivets
6.4 Semi-Tubular Rivets
6.5 Other Rivet Types
7 Global Aerospace Riveting Equipment Market, By Equipment Type
7.1 Introduction
7.2 Pneumatic
7.3 Hydraulic
7.4 Electric
8 Global Aerospace Riveting Equipment Market, By Mobility
8.1 Introduction
8.2 Fixed
8.3 Portable
9 Global Aerospace Riveting Equipment Market, By Technology
9.1 Introduction
9.2 Automated
9.3 Manual
10 Global Aerospace Riveting Equipment Market, By Application
10.1 Introduction
10.2 Commercial Aircraft Manufacturing
10.3 Military Aircraft Manufacturing
10.4 Spacecraft Manufacturing
10.5 Other Applications
11 Global Aerospace Riveting Equipment Market, By End User
11.1 Introduction
11.2 Maintenance, Repair, and Overhaul (MRO)
11.3 Original Equipment Manufacturers (OEM)
12 Global Aerospace Riveting Equipment Market, By Geography
12.1 Introduction
12.2 North America
12.2.1 US
12.2.2 Canada
12.2.3 Mexico
12.3 Europe
12.3.1 Germany
12.3.2 UK
12.3.3 Italy
12.3.4 France
12.3.5 Spain
12.3.6 Rest of Europe
12.4 Asia Pacific
12.4.1 Japan
12.4.2 China
12.4.3 India
12.4.4 Australia
12.4.5 New Zealand
12.4.6 South Korea
12.4.7 Rest of Asia Pacific
12.5 South America
12.5.1 Argentina
12.5.2 Brazil
12.5.3 Chile
12.5.4 Rest of South America
12.6 Middle East & Africa
12.6.1 Saudi Arabia
12.6.2 UAE
12.6.3 Qatar
12.6.4 South Africa
12.6.5 Rest of Middle East & Africa
13 Key Developments
13.1 Agreements, Partnerships, Collaborations and Joint Ventures
13.2 Acquisitions & Mergers
13.3 New Product Launch
13.4 Expansions
13.5 Other Key Strategies
14 Company Profiling
14.1 Airbus Helicopters
14.2 Arconic
14.3 Atlas Copco
14.4 Avdel
14.5 Boeing Commercial Airplanes
14.6 Cherry Aerospace
14.7 Eaton Aerospace
14.8 Gesipa Blindniettechnik GmbH
14.9 Henrob Corporation
14.10 Hi Shear Corporation
14.11 Huck International Inc
14.12 LISI Aerospace
14.13 Lockheed Martin
14.14 Northrop Grumman Corporation
14.15 Parker Hannifin Aerospace
14.16 SPS Technologies
14.17 Stanley Engineered Fastening
14.18 Trifast plc
List of Tables
1 Global Aerospace Riveting Equipment Market Outlook, By Region (2021-2030) ($MN)
2 Global Aerospace Riveting Equipment Market Outlook, By Product Type (2021-2030) ($MN)
3 Global Aerospace Riveting Equipment Market Outlook, By Rivet Guns (2021-2030) ($MN)
4 Global Aerospace Riveting Equipment Market Outlook, By Dimpling Tools (2021-2030) ($MN)
5 Global Aerospace Riveting Equipment Market Outlook, By Rivet Hammers (2021-2030) ($MN)
6 Global Aerospace Riveting Equipment Market Outlook, By Rivet Shavers (2021-2030) ($MN)
7 Global Aerospace Riveting Equipment Market Outlook, By Rivet Squeezers (2021-2030) ($MN)
8 Global Aerospace Riveting Equipment Market Outlook, By Other Product Types (2021-2030) ($MN)
9 Global Aerospace Riveting Equipment Market Outlook, By Rivet Type (2021-2030) ($MN)
10 Global Aerospace Riveting Equipment Market Outlook, By Solid Rivets (2021-2030) ($MN)
11 Global Aerospace Riveting Equipment Market Outlook, By Blind Rivets (2021-2030) ($MN)
12 Global Aerospace Riveting Equipment Market Outlook, By Semi-Tubular Rivets (2021-2030) ($MN)
13 Global Aerospace Riveting Equipment Market Outlook, By Other Rivet Types (2021-2030) ($MN)
14 Global Aerospace Riveting Equipment Market Outlook, By Equipment Type (2021-2030) ($MN)
15 Global Aerospace Riveting Equipment Market Outlook, By Pneumatic (2021-2030) ($MN)
16 Global Aerospace Riveting Equipment Market Outlook, By Hydraulic (2021-2030) ($MN)
17 Global Aerospace Riveting Equipment Market Outlook, By Electric (2021-2030) ($MN)
18 Global Aerospace Riveting Equipment Market Outlook, By Mobility (2021-2030) ($MN)
19 Global Aerospace Riveting Equipment Market Outlook, By Fixed (2021-2030) ($MN)
20 Global Aerospace Riveting Equipment Market Outlook, By Portable (2021-2030) ($MN)
21 Global Aerospace Riveting Equipment Market Outlook, By Technology (2021-2030) ($MN)
22 Global Aerospace Riveting Equipment Market Outlook, By Automated (2021-2030) ($MN)
23 Global Aerospace Riveting Equipment Market Outlook, By Manual (2021-2030) ($MN)
24 Global Aerospace Riveting Equipment Market Outlook, By Application (2021-2030) ($MN)
25 Global Aerospace Riveting Equipment Market Outlook, By Commercial Aircraft Manufacturing (2021-2030) ($MN)
26 Global Aerospace Riveting Equipment Market Outlook, By Military Aircraft Manufacturing (2021-2030) ($MN)
27 Global Aerospace Riveting Equipment Market Outlook, By Spacecraft Manufacturing (2021-2030) ($MN)
28 Global Aerospace Riveting Equipment Market Outlook, By Other Applications (2021-2030) ($MN)
29 Global Aerospace Riveting Equipment Market Outlook, By End User (2021-2030) ($MN)
30 Global Aerospace Riveting Equipment Market Outlook, By Maintenance, Repair, and Overhaul (MRO) (2021-2030) ($MN)
31 Global Aerospace Riveting Equipment Market Outlook, By Original Equipment Manufacturers (OEM) (2021-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
Frequently Asked Questions
In case of any queries regarding this report, you can contact the customer service by filing the “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929
Yes, the samples are available for all the published reports. You can request them by filling the “Request Sample” option available in this page.
Yes, you can request a sample with your specific requirements. All the customized samples will be provided as per the requirement with the real data masked.
All our reports are available in Digital PDF format. In case if you require them in any other formats, such as PPT, Excel etc you can submit a request through “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929
We offer a free 15% customization with every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.
We have 3 different licensing options available in electronic format.
- Single User Licence: Allows one person, typically the buyer, to have access to the ordered product. The ordered product cannot be distributed to anyone else.
- 2-5 User Licence: Allows the ordered product to be shared among a maximum of 5 people within your organisation.
- Corporate License: Allows the product to be shared among all employees of your organisation regardless of their geographical location.
All our reports are typically be emailed to you as an attachment.
To order any available report you need to register on our website. The payment can be made either through CCAvenue or PayPal payments gateways which accept all international cards.
We extend our support to 6 months post sale. A post sale customization is also provided to cover your unmet needs in the report.
Request Customization
We provide a free 15% customization on every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.
Note: This customization is absolutely free until it falls under the 15% bracket. If your requirement exceeds this a feasibility check will be performed. Post that, a quote will be provided along with the timelines.
WHY CHOOSE US ?
Assured Quality
Best in class reports with high standard of research integrity
24X7 Research Support
Continuous support to ensure the best customer experience.
Free Customization
Adding more values to your product of interest.
Safe & Secure Access
Providing a secured environment for all online transactions.
Trusted by 600+ Brands
Serving the most reputed brands across the world.
