Rivet Gun Market Value to Grow by Almost $799.9 Million During 2021-2028

 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.

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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.

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.

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Major Key Player:

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.

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, automotive 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.

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By Segmentation:

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

 

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