PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1477167
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1477167
Blind Rivet Nut Market size was valued at USD 95.45 Million in 2023, expanding at a CAGR of 7.5% from 2024 to 2032.
The Blind Rivet Nut are internally threaded fasteners commonly used in applications where access to the rear side of the joint is limited. These nuts are installed by inserting them into a pre-drilled hole and then using a riveting tool to compress the rivet, creating a secure joint. Driving factors in the Blind Rivet Nut Market include the growing demand for lightweight and corrosion-resistant materials in various industries such as automotive, aerospace, and construction, driving the adoption of blind rivet nuts made from materials like aluminum and stainless steel. However, market growth is hindered by factors such as fluctuating raw material prices, and limited awareness about blind rivet nut solutions among end-users. Opportunities lie in expanding applications in emerging industries and the development of innovative riveting technologies to address specific industry needs.
Blind Rivet Nut Market- Market Dynamics
Expanding applications of lightweight and corrosion-resistant materials in various industries
Blind rivet nuts are experiencing increased demand due to expanding applications of lightweight and corrosion-resistant materials across industries such as automotive, aerospace, and construction. The automotive sector is witnessing a surge in the adoption of blind rivet nuts for joining lightweight materials in vehicle assembly, driven by the need to improve fuel efficiency and reduce emissions. Similarly, in the aerospace industry, blind rivet nuts are essential for assembling lightweight structures while ensuring high strength and durability. Construction projects also rely on blind rivet nuts for joining structural components made of corrosion-resistant materials, enhancing the longevity of buildings and infrastructure.
Blind Rivet Nut Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 7.5% over the forecast period (2024-2032)
Based on product type segmentation, Closed-End Rivet Nuts was predicted to show maximum market share in the year 2023
Based on Material Type segmentation, Stainless Steel was the leading type in 2023
Based on distribution segmentation, Online was the leading type in 2023
Based on region, North America was the leading revenue generator in 2023
The Global Blind Rivet Nut Market is segmented based on Product Type, Material Type, Distribution, Application, and Region.
The market is divided into three categories based on product type: In terms of product type, includes Closed-End Rivet Nuts, Open-End Rivet Nuts, Countersunk Head Rivet Nuts, Half-Hex Rivet Nuts, Full-Hex Rivet Nuts, and Others. Each type offers unique features and applications, catering to different industrial needs.
The market is divided into two categories based on Material Type: Regarding material type, segmentation comprises Aluminum, Steel, Stainless Steel, Brass, and Others. The choice of material depends on factors such as strength, corrosion resistance, and cost-effectiveness, with each material offering specific advantages for various applications.
Blind Rivet Nut Market- Geographical Insights
Geographically, this market is widespread in the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further divided as per the nations bringing business.
North America and Europe are prominent regions with established industrial sectors, driving demand for blind rivet nuts in the automotive, aerospace, and construction industries. The Asia Pacific region is witnessing rapid industrialization and infrastructure development, leading to increased adoption of blind rivet nuts in emerging economies such as China and India. Latin America and the Middle East & Africa regions are also experiencing growth in demand due to expanding manufacturing activities and construction projects.
Key players in the market include Arconic Fastening Systems, Sherex Fastening Solutions, Stanley Engineered Fastening, HANSON RIVET & SUPPLY CO., and others. These companies focus on strategic initiatives such as mergers and acquisitions, product innovation, and partnerships to strengthen their market position. Additionally, there are numerous regional and local players contributing to market competitiveness. Factors such as quality, pricing, and customer service play a crucial role in determining the competitive advantage of these players.
In April 2024, JRP presents a wide selection of premium blind rivets, rivet nuts, and tooling. With an existing range of over 1,200 lines, the collection is notably extensive. The newly introduced rivet nuts supplement the approximately 230 existing lines, further expanding the assortment.
GLOBAL BLIND RIVET NUT MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHTS
Arconic Inc.
Bollhoff Group
Earnest Machine Products
Gesipa Blindniettechnik GmbH
Goebel Fasteners, Inc.
Henrob (A division of Atlas Copco)
J.C. Grand Corporation
KVT-Fastening GmbH
Marson (A division of Arconic Inc.)
POP Avdel (A division of Stanley Black & Decker)
Precision Brand Products, Inc.
Rivit Srl
Seastrom Manufacturing Co., Inc.
SFS Group AG
Sherex Fastening Solutions
Stanley Black & Decker, Inc.
Others