IMARC Group, a leading market research company, has recently released a report titled “Rivet Gun Market Report by Type (Manual Rivet Gun, Pneumatic Rivet Gun, Electric Rivet Gun), Operation Type (Pop Riveting, Slow Hitting, Fast Hitting), Distribution Channel (Online Sales, Offline Sales), Industry Vertical (Automotive, Manufacturing, Maintenance and Repairs, Electronics, and Others), and Region 2024-2032”. The study provides a detailed analysis of the industry, including the global rivet gun market trends, size, and industry trends forecast. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
The global rivet gun market size reached US$ 586.4 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 943.5 Million by 2032, exhibiting a growth rate (CAGR) of 5.43% during 2024-2032.
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Global Rivet Gun Market Trends:
The increasing adoption of do-it-yourself (DIY) home improvement projects and hobbies, as more consumers seek reliable tools for personal use owing to the rising trend in home renovation and crafting strengthening the market growth. In line with this, innovations in ergonomic design and battery-powered tools, which enhance user comfort and mobility, are providing an impetus to the market growth.
Moreover, the increasing popularity of cordless rivet guns, offering greater flexibility and ease of use in various settings, is supporting the demand across multiple industries.
Furthermore, aerospace and marine industries require specialized riveting tools for assembling high-strength and lightweight materials, aiding the market growth.
Factors Affecting the Growth of the Rivet Gun Industry:
· Advancements in industrial automation:
Modern manufacturing processes are increasingly incorporating automation to enhance productivity, precision, and efficiency. Rivet guns, as essential tools in these automated systems, are benefiting from the integration of sophisticated technology that improves their functionality. Automated rivet guns equipped with advanced features such as programmable controls, automated feeding systems, and sensors offer greater accuracy and speed compared to manual tools. These technological enhancements streamline the riveting process, reduce labor costs, and minimize errors, making rivet guns an integral component of automated production lines. As industries continue to adopt automation to meet the demands of high-volume production, the need for advanced rivet guns is growing.
· The increasing demand from the construction and automotive industries:
In construction, rivet guns are used for various applications, including fastening structural elements and assembling components of steel and metal buildings. As urbanization and infrastructure development accelerate globally, the construction industry’s need for efficient and reliable fastening solutions is rising. Similarly, in the automotive industry, rivet guns are crucial for assembling vehicle parts and ensuring the structural integrity of automotive components.
The growth in automotive production and the trend towards lightweight and high-strength materials, which often require riveting for assembly, are contributing to the demand for rivet guns.
· Growing emphasis on product durability and performance:
In various sectors, including aerospace, defense, and manufacturing, there is an increasing focus on ensuring that products meet stringent quality and performance standards. Riveting, as a method of permanent fastening, is preferred for its strength and reliability in holding components together. Advances in rivet gun technology, such as improved materials, ergonomic designs, and enhanced force control, contribute to better performance and durability of the rivet joints.
As industries demand higher-quality and more durable products, the need for advanced rivet guns that deliver superior performance and meet rigorous standards is growing. This emphasis on quality and performance is bolstering the innovation and expansion in the rivet gun market.
Rivet Gun Market Report Segmentation:
By Type:
· Manual Rivet Gun
· Pneumatic Rivet Gun
· Electric Rivet Gun
Pneumatic rivet guns account for the majority of shares due to their superior power and efficiency for high-volume and heavy-duty riveting applications.
By Operation Type:
· Pop Riveting
· Slow Hitting
· Fast Hitting
On the basis of operation type, the market is segmented into pop riveting, slow hitting, and fast hitting.
By Distribution Channel:
· Online Sales
· Offline Sales
Based on the distribution channel, the market is divided into online sales and offline sales.
By Industry Vertical:
· Automotive
· Manufacturing
· Maintenance and Repairs
· Electronics
· Others
On the basis of industry vertical, the market is classified into automotive, manufacturing, maintenance and repairs, electronics, and others.
Regional Insights:
· North America
· Asia Pacific
· Europe
· Latin America
· Middle East and Africa
Asia Pacific enjoys the leading position owing to rapid industrialization, growing manufacturing activities, and increasing demand for construction and automotive components in the region.
Competitive Landscape with Key Players:
The competitive landscape of the rivet gun market size has been studied in the report with the detailed profiles of the key players operating in the market.
Some of These Key Players Include:
· Atlas Copco
· Campbell Hausfeld
· Degometal
· Fastening Systems International
· GESIPA Blindniettechnik GmbH
· Honsel Umformtechnik GmbH
· Malco Products SBC
· Stanley Black & Decker Inc.
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Key Highlights of the Report:
· Market Performance (2018-2023)
· Market Outlook (2024-2032)
· Market Trends
· Market Drivers and Success Factors
· Impact of COVID-19
· Value Chain Analysis
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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