Aerospace Riveting Equipment Market by Mechanism, Mobility, Technology, End-use

Description

List of Tables

[199 Pages Report] The Aerospace Riveting Equipment Market size was estimated at USD 114.76 million in 2023 and expected to reach USD 120.57 million in 2024, at a CAGR 5.38% to reach USD 165.68 million by 2030.

Aerospace riveting equipment refers to the specialized tools and machinery used to construct and repair aircraft structures. Rivets are permanent mechanical fasteners holding sheets of metal, composites, and other materials critical to the aerospace industry. The aerospace riveting equipment market encompasses the range of tools, machines, and services used to drive rivets in manufacturing and maintaining aerospace structures and components. The expansion of global airline fleets to meet rising passenger traffic and the development of lighter and stronger riveting tools are driving the market growth. Increasing investment in defense and space exploration programs often necessitates procuring specialized riveting equipment, thus propelling market expansion. Fluctuations in the raw material cost and strict regulatory environments govern the approval and use of riveting equipment, potentially slowing down innovation and adoption rates. Technological advancement in automated riveting systems and the rising trend of sustainable aviation technologies may also lead to opportunities to develop equipment for new materials requiring innovative riveting techniques.

KEY MARKET STATISTICS
Base Year [2023]	USD 114.76 million
Estimated Year [2024]	USD 120.57 million
Forecast Year [2030]	USD 165.68 million
CAGR (%)	5.38%

Regional Insights

The aerospace riveting equipment market in the Americas is characterized by a strong presence of established manufacturers, a robust aerospace industry, and advanced technological developments. Countries such as the United States lead in aerospace manufacturing and thus have a significant demand for sophisticated riveting equipment. Key players in this region are known for their innovation in rivet guns, automated riveting systems, and support services. Strict aviation regulations and the need for high-quality standards in the aerospace sector also drive the adoption of cutting-edge riveting solutions. The Asia-Pacific region is witnessing rapid development in the aerospace sector, mirrored in its aerospace riveting equipment market. Countries such as China, India, and Japan are increasingly investing in aerospace and defense, increasing demand for riveting equipment. The expanding civil aviation sector and growing maintenance, repair, and overhaul (MRO) activities influence the regional market. Furthermore, the local manufacturing base for aerospace components is growing, necessitating efficient and reliable riveting tools. The European sector is marked by the presence of key aerospace hubs in countries like France, Germany, and the UK, which host some of the world's leading aerospace companies. High-quality standards and rigorous safety regulations dictate the market trends within Europe. Technological collaborations across the industry are common. The Middle East is becoming increasingly significant in the aviation industry due to the rise of its carriers and investment in airport infrastructure, which influences the demand for riveting equipment. The African market, although smaller, is growing as investments in aerospace infrastructure increase across the continent.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Aerospace Riveting Equipment Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers
- Expansion of global airline fleets to meet rising passenger traffic
- Development of lighter and stronger riveting tools
- Increasing investment in defense and space exploration programs

Market Restraints
- Fluctuation in the cost of the raw material

Market Opportunities
- Technological advancement in automated riveting systems
- Rising trend of sustainable aviation technologies

Market Challenges
- Strict regulatory environments govern the approval and use of riveting equipment

Market Segmentation Analysis
- Type: Growing preference for radial riveting for mass production due to its speed and the relatively low stress
- Mechanism: Significant adoption of electric riveting equipment due to its smaller footprint and less maintenance
- End-use: Rising use of portable and field-operable riveting solutions in military sector

Market Disruption Analysis
Porter's Five Forces Analysis
Value Chain & Critical Path Analysis
Pricing Analysis
Technology Analysis
Patent Analysis
Trade Analysis
Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Aerospace Riveting Equipment Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Aerospace Riveting Equipment Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

Skytanking Australia Acquires Rivet Energy Aviation

Skytanking Australia Pty Ltd, a part of PrimeFlight Aviation Services, Inc., expanded its operations by strategically acquiring Rivet Energy Aviation. This move allows Skytanking to extend its in-plane refueling services to include Adelaide Airport and Melbourne, where it already boasts this proficiency. [Published On: 2023-11-22]

New Product Launch: PEM RVTB Captivated Threaded Rivet Bushes

PEM, a trailblazer in secure fastening technology, introduces its revolutionary RVTB captivated threaded rivet bushes, which include the PEM RAB, RABS, Type RMAB, and RMABS variants. Specifically engineered for thin sheet metal applications, these rivet bushes offer robust, reusable threads perfect for ultra-thin panels across various industries. [Published On: 2023-10-19]

Airbus partners with Indian Institute of Science (IISc) for education and research

Airbus SE allianced with the Indian Institute of Science (IISc) in Bengaluru, materializing through a Memorandum of Understanding (MoU) to enhance aerospace education and research within India's burgeoning aerospace sector. The partnership aims to cultivate a skilled pool of professionals equipped to drive future innovation in the field. [Published On: 2023-02-17]

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Aerospace Riveting Equipment Market. This critical assessment involves a thorough analysis of the organization's resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Aerospace Riveting Equipment Market, highlighting leading vendors and their innovative profiles. These include Aircraft Spruce, Allfast Fastening Systems, Apex Tool Group, LLC, ATF Inc., Atlas Copco AB, Avdel (India) Pvt. Ltd, Bay Supply, Boltun Corporation, Ltd., Bossard Group, Broetje-Automation GmbH, Brown Aviation Tool Company, Cherry Aerospace, Fastening Systems International, Inc., Goebel Fasteners Inc., Howmet Aerospace Inc, Indo Schottle Pvt. Ltd., Ingersoll Rand, KUKA AG, LAS Aerospace Ltd., Loyd's Rivet Drill Guide, Novacam Technologies, Inc., Precimac Tool LTD., Sherex Fastening Solutions, Sioux Tools Inc, and Stanley Engineered Fastening.

Market Segmentation & Coverage

This research report categorizes the Aerospace Riveting Equipment Market to forecast the revenues and analyze trends in each of the following sub-markets:

Mechanism
- Electric
- Hydraulic
- Pneumatic

Mobility
- Fixed
- Portable

Technology
- Automated Riveting Equipment
- Manual Riveting Equipment

End-use
- Commercial
- Military

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

Product Code: MRR-C1290E70D5CD

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Expansion of global airline fleets to meet rising passenger traffic
  - 5.1.1.2. Development of lighter and stronger riveting tools
  - 5.1.1.3. Increasing investment in defense and space exploration programs
- 5.1.2. Restraints
  - 5.1.2.1. Fluctuation in the cost of the raw material
- 5.1.3. Opportunities
  - 5.1.3.1. Technological advancement in automated riveting systems
  - 5.1.3.2. Rising trend of sustainable aviation technologies
- 5.1.4. Challenges
  - 5.1.4.1. Strict regulatory environments govern the approval and use of riveting equipment
5.2. Market Segmentation Analysis
- 5.2.1. Type: Growing preference for radial riveting for mass production due to its speed and the relatively low stress
- 5.2.2. Mechanism: Significant adoption of electric riveting equipment due to its smaller footprint and less maintenance
- 5.2.3. End-use: Rising use of portable and field-operable riveting solutions in military sector
5.3. Market Disruption Analysis
5.4. Porter's Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis

6. Aerospace Riveting Equipment Market, by Mechanism

6.1. Introduction
6.2. Electric
6.3. Hydraulic
6.4. Pneumatic

7. Aerospace Riveting Equipment Market, by Mobility

7.1. Introduction
7.2. Fixed
7.3. Portable

8. Aerospace Riveting Equipment Market, by Technology

8.1. Introduction
8.2. Automated Riveting Equipment
8.3. Manual Riveting Equipment

9. Aerospace Riveting Equipment Market, by End-use

9.1. Introduction
9.2. Commercial
9.3. Military

10. Americas Aerospace Riveting Equipment Market

10.1. Introduction
10.2. Argentina
10.3. Brazil
10.4. Canada
10.5. Mexico
10.6. United States

11. Asia-Pacific Aerospace Riveting Equipment Market

11.1. Introduction
11.2. Australia
11.3. China
11.4. India
11.5. Indonesia
11.6. Japan
11.7. Malaysia
11.8. Philippines
11.9. Singapore
11.10. South Korea
11.11. Taiwan
11.12. Thailand
11.13. Vietnam

12. Europe, Middle East & Africa Aerospace Riveting Equipment Market

12.1. Introduction
12.2. Denmark
12.3. Egypt
12.4. Finland
12.5. France
12.6. Germany
12.7. Israel
12.8. Italy
12.9. Netherlands
12.10. Nigeria
12.11. Norway
12.12. Poland
12.13. Qatar
12.14. Russia
12.15. Saudi Arabia
12.16. South Africa
12.17. Spain
12.18. Sweden
12.19. Switzerland
12.20. Turkey
12.21. United Arab Emirates
12.22. United Kingdom

13. Competitive Landscape

13.1. Market Share Analysis, 2023
13.2. FPNV Positioning Matrix, 2023
13.3. Competitive Scenario Analysis
- 13.3.1. Skytanking Australia Acquires Rivet Energy Aviation
- 13.3.2. New Product Launch: PEM RVTB Captivated Threaded Rivet Bushes
- 13.3.3. Airbus partners with Indian Institute of Science (IISc) for education and research
13.4. Strategy Analysis & Recommendation

14. Competitive Portfolio

14.1. Key Company Profiles
14.2. Key Product Portfolio