Aerospace Riveting Equipment Market by End Use (OEM, MRO), Equipment Type (Pneumatic, Hydraulic, Electric), Mobility (Fixed, Portable), Technology (Automated, Manual), Rivet Type (Solid, Blind, Semi-tubular) and Region - Global Forecast to 2028
The Aerospace Riveting Equipment market is valued at USD 109 million in 2023 and is projected to reach USD 134 million by 2028, at a CAGR of 4.3% from 2023 to 2028. Over the last few years, the Aerospace Riveting Equipment industry has continued to evolve with expanding use cases, better cost efficiencies, and a more significant impact of new technological developments in the aerospace industry. The Aerospace Riveting Equipment market is experiencing growth driven by rising demand for commercial aircraft and an increase in aircraft fleet modernization programs.
""Based on Equipment type, the Pneumatic Rivet Equipment segment is estimated to have the largest market share in 2023.""
The Pneumatic Rivet Equipment segment in the Aerospace Riveting Equipment market is being driven due to its efficiency, versatility, and widespread adoption in aircraft manufacturing processes. Pneumatic riveters utilize compressed air to drive rivets, offering a lightweight and agile solution to enable precise and rapid riveting, contributing to increased production rates. The Pneumatic Rivet Equipment offers cost-effectiveness, reliability, and ease of maintenance which contributes to its widespread adoption by both original equipment manufacturers (OEMs) and aerospace suppliers.
""Based on mobility, the Portable Equipment is estimated to have the largest market share in 2023.""
The Portable Equipment segment within the Aerospace Riveting Equipment market is being driven due to its flexibility, mobility, and adaptability to diverse aerospace manufacturing environments. The demand for on-the-go repairs, maintenance tasks, and scenarios where flexibility in aerospace manufacturing processes is paramount are driving factors for portable equipment. Portable tools play a vital role in facilitating dynamic aerospace operations, ensuring adaptability in various work environments.
""Based on technology, the Manual Riveting Equipment is estimated to have the largest market share in 2023.""
The Manual Riveting Equipment segment within the Aerospace Riveting Equipment market is being driven due to its, its advantages in simplicity, flexibility, and suitability for specialized aerospace scenarios. Manual riveting allows for hands-on precision which ensures rivets are accurately placed and secured. Manual riveting equipment is cost-effective for smaller-scale operations, maintenance tasks, or in situations where automation may not be practical. The flexibility of manual riveting equipment makes them valuable for addressing specific needs in the aerospace industry.
""Based on End User, the OEM is estimated to have the largest market share in 2023.""
The End User segment in the Aerospace Riveting Equipment market is being driven by the OEM segment. Original equipment manufacturers (OEMs) for the Aerospace Riveting Equipment market rely heavily on construction of airframes, fuselages, and other critical components. These OEMs play a crucial role in providing the essential systems that contribute to the safe and efficient operation of aerospace assets. The OEMs offer high-quality standards for their products through rigorous testing, quality control measures, and adherence to industry standards, which results in the growth of OEMs.
""Based on regions, the North America region is estimated to have the largest market share in 2023.""
The North America region is witnessing robust growth in the Aerospace Riveting Equipment market, driven by the presence of various aerospace companies. The US is a global leader in aircraft production, and its commitment to military and commercial aviation drives the demand for aerospace riveting equipment. Governments in the region are making substantial investments in advanced technological-based aerospace systems. Additionally, the North America focus on research and development, and collaborations between industry stakeholders contributes to grow the market growth.
The break-up of the profile of primary participants in the Aerospace Riveting Equipment market:
By Company Type: Tier 1 – 55%, Tier 2 – 25%, and Tier 3 – 20%
By Designation: C Level – 50%, Director Level – 25%, and Others – 25%
By Region: North America – 47%, Europe – 21%, Asia Pacific – 21%, Rest of the World (RoW) – 11%
Major companies profiled in the report include Brunswick Corporation (US), Groupe Beneteau (France), Greenline Yachts (Slovenia), Candela Technology AB (Sweden), and Silent Yachts (Austria), among others.
Research Coverage:
This market study covers the Aerospace Riveting Equipment market across various segments and subsegments. It aims to estimate this market's size and growth potential across different parts based on Rivet Type, End Use, Equipment Type, Mobility, Technology and region. This study also includes an in-depth competitive analysis of the key players in the market, their company profiles, key observations related to their product and business offerings, recent developments, and key market strategies they adopted.
Reasons to buy this report:
The report will help the market leaders/new entrants with information on the closest approximations of the revenue numbers for the overall Aerospace Riveting Equipment market. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, challenges, and opportunities. The Aerospace Riveting Equipment market is experiencing substantial growth, primarily driven by the Technological Advancements in Aerospace Manufacturing. The focus on precision and quality in aerospace manufacturing is fostering demand for Aerospace Riveting Equipment, contributing to regional and global stability. The report provides insights on the following pointers:
Market Drivers: Market Drivers such as Technological advancements in aerospace manufacturing
, Growing emphasis on light-weight materials and other drivers covered in the report.
Market Penetration: Comprehensive information on Aerospace Riveting Equipment offered by the top players in the market
Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the Aerospace Riveting Equipment market
Market Development: Comprehensive information about lucrative markets – the report analyses the Aerospace Riveting Equipment market across varied regions.
Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the Aerospace Riveting Equipment market
Competitive Assessment: In-depth assessment of market shares, growth strategies, products, and manufacturing capabilities of leading players in the Aerospace Riveting Equipment market
- 1 Introduction
- 1.1 Study Objectives
- 1.2 Market Definition
- 1.3 Market Scope
- 1.3.1 Markets Covered
- Figure 1 Aerospace Riveting Equipment Market Segmentation
- 1.3.2 Regional Scope
- 1.4 Years Considered
- 1.5 Inclusions And Exclusions
- Table 1 Inclusions And Exclusions
- 1.6 Currency Considered
- Table 2 Usd Exchange Rates
- 1.7 Stakeholders
- 2 Research Methodology
- 2.1 Introduction
- Figure 2 Report Process Flow
- Figure 3 Research Design
- 2.1.1 Secondary Data
- 2.1.1.1 Key Data From Secondary Sources
- 2.1.2 Primary Data
- 2.1.2.1 Key Data From Primary Sources
- Figure 4 Breakdown Of Primary Interviews: By Company Type, Designation, And Region
- 2.2 Recession Impact Analysis
- 2.2.1 Demand-side Indicators
- 2.2.2 Supply-side Indicators
- 2.3 Factor Analysis
- 2.3.1 Introduction
- 2.3.2 Demand-side Indicators
- 2.3.3 Supply-side Indicators
- 2.4 Market Size Estimation Methodology
- 2.4.1 Bottom-up Approach
- 2.4.1.1 Regional Market Split
- Figure 5 Bottom-up Approach
- 2.4.2 Top-down Approach
- Figure 6 Top-down Approach
- 2.5 Data Triangulation
- Figure 7 Data Triangulation
- 2.6 Research Assumptions
- 2.6.1 Growth Rate Assumptions
- 2.6.2 Parametric Assumptions For Market Forecast
- 2.7 Research Limitations
- 2.8 Risk Assessment
- 3 Executive Summary
- Figure 8 Original Equipment Manufacturer To Hold Largest Market Share During Forecast Period
- Figure 9 Pneumatic Riveting Equipment Segment To Acquire Largest Market Share In 2023
- Figure 10 Portable Equipment Segment To Grow At Highest Cagr During Forecast Period
- Figure 11 North American Market To Account For Largest Share In 2023
- 4 Premium Insights
- 4.1 Attractive Opportunities For Players In Aerospace Riveting Equipment Market
- Figure 12 Increasing Demand For Aircraft Deliveries And Development Of Innovative Riveting Technologies To Drive Market
- 4.2 Aerospace Riveting Equipment Market, By Technology
- Figure 13 Manual Riveting Equipment Segment To Have Largest Market Share In 2023
- 4.3 Aerospace Riveting Equipment Market, By Rivet Type
- Figure 14 Solid Rivet To Register Highest Cagr During Forecast Period
- 4.4 Aerospace Riveting Equipment Market, By Country
- Figure 15 Saudi Arabia To Be Fastest-growing Market During Forecast Period
- 5 Market Overview
- 5.1 Introduction
- 5.2 Market Dynamics
- Figure 16 Aerospace Riveting Equipment Market: Drivers, Restraints, Opportunities, And Challenges
- 5.2.1 Drivers
- 5.2.1.1 Growing Emphasis On Lightweight Materials
- 5.2.1.2 Increasing Complexities In Aircraft Designs
- 5.2.1.3 Rising Focus On Precision And Quality In Manufacturing Aerospace Components
- 5.2.2 Restraints
- 5.2.2.1 Stringent Regulatory Compliance And Certification Standards
- 5.2.2.2 Limited Adoption Of Advanced Technologies
- 5.2.3 Opportunities
- 5.2.3.1 Innovations In Materials And Joining Techniques
- 5.2.3.2 Integration Of Smart Riveting Technologies
- 5.2.3.3 Aftermarket Services And Maintenance Contracts
- 5.2.4 Challenges
- 5.2.4.1 High Initial Investment And Certification Challenges
- 5.2.4.2 Cyclical Demand Dependent On Aircraft Production Cycles
- 5.2.4.3 Limited Availability Of Skilled Workforce
- 5.3 Market Scenario Analysis
- 5.4 Value Chain Analysis
- Figure 17 Value Chain Analysis
- 5.4.1 Raw Materials
- 5.4.2 Research & Development
- 5.4.3 Component Manufacturing
- 5.4.4 Oems
- 5.4.5 End Users
- 5.4.6 Aftersales Services
- 5.5 Trends/Disruptions Impacting Customer Business
- Figure 18 Revenue Shift And New Revenue Pockets For Players In Aerospace Riveting Equipment Market
- 5.6 Ecosystem Analysis
- 5.6.1 Prominent Companies
- 5.6.2 Private And Small Enterprises
- 5.6.3 End Users
- Figure 19 Ecosystem Mapping
- Table 3 Role Of Companies In Ecosystem
- 5.7 Technology Analysis
- 5.7.1 Auto-feed Riveting Tools
- 5.7.2 Battery-powered Rivet Guns
- 5.8 Porter’s Five Forces Analysis
- Table 4 Impact Of Porter’s Five Forces
- 5.8.1 Threat Of New Entrants
- 5.8.2 Threat Of Substitutes
- 5.8.3 Bargaining Power Of Suppliers
- 5.8.4 Bargaining Power Of Buyers
- 5.8.5 Intensity Of Competitive Rivalry
- 5.9 Average Selling Price Analysis
- Figure 20 Average Selling Price, By Mobility
- Table 5 Average Selling Price, By Mobility And Equipment Type, 2023 (Usd)
- 5.9.1 Indicative Pricing Analysis
- 5.10 Tariff And Regulatory Landscape
- Table 6 North America: Regulatory Bodies, Government Agencies, And Other Organizations
- Table 7 Europe: Regulatory Bodies, Government Agencies, And Other Organizations
- Table 8 Asia Pacific: Regulatory Bodies, Government Agencies, And Other Organizations
- Table 9 Rest Of The World: Regulatory Bodies, Government Agencies, And Other Organizations
- 5.11 Trade Data Analysis
- Table 10 Country-wise Imports, 2018–2022 (Usd Thousand)
- Table 11 Country-wise Exports, 2018–2022 (Usd Thousand)
- 5.12 Key Stakeholders And Buying Criteria
- 5.12.1 Key Stakeholders In Buying Process
- Figure 21 Influence Of Stakeholders On Buying Process
- Table 12 Influence Of Stakeholders On Buying Process, By Equipment Type (%)
- 5.12.2 Buying Criteria
- Figure 22 Key Buying Criteria For Aerospace Riveting Equipment Market, By Technology
- Table 13 Key Buying Criteria, By Technology
- 5.13 Key Conferences And Events, 2024
- Table 14 Key Conferences And Events, 2024
- 5.14 Use Case Analysis
- 5.14.1 Installation Of Robotic Technology In Aircraft Assembly Line
- 6 Industry Trends
- 6.1 Introduction
- 6.2 Technology Trends
- 6.2.1 Advanced Automation And Human-robot Collaboration
- 6.2.2 Advanced Materials Solution
- 6.2.3 Additive Manufacturing
- 6.2.4 Energy-efficient Riveting Process
- 6.3 Impact Of Megatrends
- 6.3.1 Industry 4.0
- 6.3.2 3d Printing
- 6.3.3 Artificial Intelligence And Machine Learning
- 6.3.4 Predictive Maintenance
- 6.4 Supply Chain Analysis
- Figure 23 Supply Chain Analysis
- 6.5 Innovations And Patent Analysis
- Figure 24 List Of Major Patents Related To Aerospace Riveting Equipment Market, 2013–2023
- Table 15 Innovations And Patent Registrations, 2019–2023
- 6.6 Technological Roadmap
- Figure 25 Evolution Of Aerospace Riveting Equipment Market
- 7 Aerospace Riveting Equipment Market, By End Use
- 7.1 Introduction
- Figure 26 Oem End Use Segment To Lead Market During Forecast Period
- Table 16 Aerospace Riveting Equipment Market, By End Use, 2018–2022 (Usd Million)
- Table 17 Aerospace Riveting Equipment Market, By End Use, 2023–2028 (Usd Million)
- 7.2 Original Equipment Manufacturer (Oem)
- 7.2.1 Increasing Air Travel And Demand For New Aircraft To Drive Market
- 7.3 Maintenance, Repair, And Overhaul (Mro)
- 7.3.1 Global Fleet Of Ageing Aircraft And Stringent Regulatory Requirements For Maintenance To Drive Market
- 8 Aerospace Riveting Equipment Market, By Equipment Type
- 8.1 Introduction
- Figure 27 Pneumatic Riveting Equipment Segment To Dominate Market During Forecast Period
- Table 18 Aerospace Riveting Equipment Market, By Equipment Type, 2018–2022 (Usd Million)
- Table 19 Aerospace Riveting Equipment Market, By Equipment Type, 2023–2028 (Usd Million)
- 8.2 Hydraulic Riveting Equipment
- 8.2.1 High Force Output To Drive Market
- 8.3 Pneumatic Riveting Equipment
- 8.3.1 Lightweight Design, Cost-effectiveness, And Versatility To Drive Market
- 8.4 Electric Riveting Equipment
- 8.4.1 Precision, Eco-friendliness, And Adaptability To Modern Manufacturing To Drive Market
- 9 Aerospace Riveting Equipment Market, By Mobility
- 9.1 Introduction
- Figure 28 Portable Equipment Segment To Have Largest Market Share During Forecast Period
- Table 20 Aerospace Riveting Equipment Market, By Mobility, 2018–2022 (Usd Million)
- Table 21 Aerospace Riveting Equipment Market, By Mobility, 2023–2028 (Usd Million)
- 9.2 Fixed Equipment
- 9.2.1 Continuous Advancements In Automation Technology To Drive Market
- 9.3 Portable Equipment
- 9.3.1 Lower Initial Costs And Flexible Operations To Drive Market
- 10 Aerospace Riveting Equipment Market, By Technology
- 10.1 Introduction
- Figure 29 Manual Riveting Equipment Segment To Command Largest Market Share During Forecast Period
- Table 22 Aerospace Riveting Equipment Market, By Technology, 2018–2022 (Usd Million)
- Table 23 Aerospace Riveting Equipment Market, By Technology, 2023–2028 (Usd Million)
- 10.2 Automated Riveting Equipment
- 10.2.1 Efficient Execution Of Programmed Patterns And Uniform Product Quality To Drive Market
- 10.3 Manual Riveting Equipment
- 10.3.1 Suitability For Specialized Aerospace Scenarios To Drive Market
- 11 Aerospace Riveting Equipment Market, By Rivet Type
- 11.1 Introduction
- Figure 30 Solid Rivet Segment To Have Highest Cagr During Forecast Period
- Table 24 Aerospace Riveting Equipment Market, By Rivet Type, 2018–2022 (Usd Million)
- Table 25 Aerospace Riveting Equipment Market, By Rivet Type, 2023–2028 (Usd Million)
- 11.2 Blind Rivet
- 11.2.1 Secured Fastening And Efficient Assembly To Drive Market
- 11.3 Semi-tubular Rivet
- 11.3.1 Increasing Focus On Lightweighting And Structural Optimization To Drive Market
- 11.4 Solid Rivet
- 11.4.1 Load-bearing Capabilities And Resistance To Vibration To Drive Market
- 11.5 Other Rivet Types
- 12 Regional Analysis
- 12.1 Introduction
- Figure 31 North America To Record Highest Market Share During Forecast Period
- Table 26 Aerospace Riveting Equipment Market, By Region, 2018–2022 (Usd Million)
- Table 27 Aerospace Riveting Equipment Market, By Region, 2023–2028 (Usd Million)
- 12.2 Regional Recession Impact Analysis
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