Aerospace Riveting Equipment Market Size, Share, Analysis, Growth, Forecasts, 2032

Aerospace Riveting Equipment Industry Prospective:

The global aerospace riveting equipment market size was evaluated at $113 million in 2023 and is slated to hit $169 million by the end of 2032 with a CAGR of nearly 4.5% between 2024 and 2032.

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Aerospace Riveting Equipment Market: Overview

Aerospace riveting equipment is a key for joining and fastening components in aircraft. Moreover, it utilizes rivets as permanent fasteners ensuring structural integrity.

Reportedly, riveting is a key process in aviation production and it requires special equipment which ensures high quality, precision, and efficacy. There are various kinds of aerospace riveting equipment, including rivet sets, pneumatic rivet guns, electric rivet guns, bucking bars, hydraulic rivet guns, hand squeezers, rivet cutters, pneumatic squeezers, rivet removal tools, hydraulic squeezers, and other key equipment.

Key Insights

• As per the analysis shared by our research analyst, the global aerospace riveting equipment market is projected to expand annually at the annual growth rate of around 4.5% over the forecast timespan (2024-2032)
• In terms of revenue, the global aerospace riveting equipment market size was evaluated at nearly $113 million in 2023 and is expected to reach $169 million by 2032.
• The global aerospace riveting equipment market is anticipated to grow rapidly over the forecast timeline owing to the escalating demand for aircraft and technological breakthroughs in aerospace production activities.
• In terms of equipment type, the pneumatic riveting equipment segment is slated to dominate the segmental space over the forecast period.
• Based on rivet type, the blind rivets segment is predicted to dominate the global industry surge in the ensuing years.
• Based on mobility, the fixed equipment segment is projected to record fastest CAGR over 2024-2032.
• On the basis of technology, the automated riveting equipment segment is expected to record highest gains over 2024-2032.
• Region-wise, the Asia-Pacific aerospace riveting equipment industry is projected to register the fastest CAGR during the assessment timespan.

Aerospace Riveting Equipment Market: Growth Factors

Huge need for lightweight materials to foster the expansion of the global market over analysis period

Escalating demand for aircraft and technological breakthroughs in aerospace production activities will impel the expansion of the global aerospace riveting equipment market.

Moreover, the need for lightweight materials and the use of robots in the production of aerospace riveting equipment will drive the demand for the latter. Focus of various governments on improving fuel efficacy and sustainability is likely to drive the growth of the global market. Swift expansions of maintenance, repairs, and overhaul activities are anticipated to propel the growth of the market globally.         

Aerospace Riveting Equipment Market: Restraints

Burgeoning costs of training & equipment charges are expected to impede the growth of the global industry

A rise in the initial investment costs and huge maintenance charges can retard the growth of the global aerospace riveting equipment industry. Apparently, an increase in the cost of deploying the equipment is likely to put brakes on the global industry expansion. High training charges, equipment costs, and strict quality protocol implementation can obstruct global industry expansion.

Aerospace Riveting Equipment Market: Opportunities

High focus on producing portable equipment to generate new growth avenues for the global market  

Breakthroughs in robotics & automation of riveting procedures, along with low labor charges, are anticipated to generate new growth avenues for the global aerospace riveting equipment industry.

Additionally, the need for enhanced quality and production of special equipment for advanced materials will scale up the global market expansion. Focus on developing portable devices and integration of digital tools with aerospace riveting equipment is likely to help the global market hit escalating heights of growth in the foreseeable future.

Aerospace Riveting Equipment Market: Challenges

Economic & supply chain disruptions can challenge the growth of the global industry by 2032

Political instabilities and a shortage of skilled workforce can challenge the growth of the global aerospace riveting equipment industry. Economic oscillations can further deter the growth of the industry across the globe. Supply chain disruptions can impede the expansion of the industry globally.

Aerospace Riveting Equipment Market: Report Scope

Aerospace Riveting Equipment Market: Segmentation

The global aerospace riveting equipment market is divided into equipment type, rivet type, mobility, technology, and region. 

In terms of equipment type, the aerospace riveting equipment market across the globe is segmented into hydraulic riveting equipment, electric riveting equipment, and pneumatic riveting equipment segments. The pneumatic riveting equipment segment is likely to be the leading segment during the forecast timespan. The rapid growth of this segment can be attributed to its cost-efficiency, lightweight nature, precision, efficiency, and versatility. Moreover, the wide availability of the equipment will steer the segmental surge.

On the basis of rivet type, the global aerospace riveting equipment industry is bifurcated into solid rivets, blind rivets, and semi-tubular rivets segments. Furthermore, the blind rivets segment is likely to dominate the growth of the global industry in the coming eight years. The key factors driving the expansion of the segment are its easy accessibility, deployment ease, lightweight feature, and extensive use in interior component deployment, repairing work, and airframe assembly.

Based on mobility, the global aerospace riveting equipment industry is sectored into fixed equipment and portable equipment segments. Moreover, the fixed equipment segment is likely to record the fastest growth rate over 2024-2032, subject to the ability of the fixed equipment to integrate with automated systems & robotic tools. Moreover, fixed riveting equipment provides precision & stability which are key for critical assembly operations in aircraft production. Reportedly, fixed riveting systems are preferred owing to their ability to effectively handle huge work volumes with consistently high quality.

On the basis of technology, the global aerospace riveting equipment market is divided into manual riveting equipment and automated riveting equipment segments. Moreover, the automated riveting equipment segment, which led the global industry expansion in 2023, is likely to record the highest gains over the analysis timeline. The growth of the segment can be due to its enhanced efficiency & output, improved accuracy, consistency, and minimization of human error. Need for proficiently handling complex procedures will steer the segmental surge.

Aerospace Riveting Equipment Market: Regional Insights

• North America is predicted to retain number one position in the global market over the forecast timeline.

North America, which accounted for approximately 51% of the global aerospace riveting equipment market earnings in 2023, is expected to maintain a leadership position during the period from 2024 to 2032.

Apparently, a humungous expansion of the market in North America over the analysis period can be due to the presence of a strong aerospace base in countries such as the U.S., along with huge expenditure on defense activities. Strict quality protocols and large MRO business in the region are anticipated to boost regional market trends.

The Asia-Pacific aerospace riveting equipment industry is set to record the highest CAGR in the forecast period. The industry expansion in APAC can be credited to swift growth in the aviation sector.

Moreover, a surge in the riveting equipment demand in the aerospace sector will propel the growth of the industry in the region. For the record, India and China are allocating huge funds to improving aircraft production capabilities, thereby escalating the growth of the industry in the region.

Aerospace Riveting Equipment Market: Competitive Space

The global aerospace riveting equipment market profiles key players such as:

• Orbitform
• Cherry Aerospace
• Stanley Engineered Fastening (SEF)
• Eaton Aerospace
• Ingersoll Rand
• Atlas Copco AB
• Brown Aviation Tool Company
• Howmet Aerospace
• Apex Tool Group LLC
• GESIPA Blindniettechnik GmbH
• GESIPA
• Broetje-Automation GmbH
• Northrop Grumman Corporation
• Arconic Fastening Systems
• Boltun Corporation Ltd.
• Monroe Aerospace
• Fastening Systems International Inc.
• LAS Aerospace Ltd.

The global aerospace riveting equipment market is segmented as follows:

By Equipment Type

• Hydraulic Riveting Equipment
• Electric Riveting Equipment
• Pneumatic Riveting Equipment

By Rivet Type

• Solid Rivets
• Blind Rivets
• Semi-Tubular Rivets

By Mobility

• Fixed Equipment
• Portable Equipment

By Technology

• Manual Riveting Equipment
• Automated Riveting Equipment

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa