Aerospace Riveting Equipment Market At $156.61M By 2032,CAGR:4.2%

Aerospace Riveting Equipment Market Size Worth $156.61 Million By 2032 | CAGR: 4.2%


The global aerospace riveting equipment market size is expected to reach USD 156.61 million by 2032, according to a new study by Polaris Market Research. The report “Aerospace Riveting Equipment Market Share, Size, Trends, Industry Analysis Report, By Equipment (Hydraulic Riveting Equipment, Pneumatic Riveting Equipment, Electric Riveting Equipment); By Mobility; By Rivet Type; By Technology; By End-Use; By Region; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The aerospace industry is experiencing a prominent surge in aircraft demand, primarily due to the global need for aviation solutions that are fuel-efficient and lightweight. This increased demand has led to a significant rise in the aerospace riveting equipment market. As environmental concerns and strict regulations drive the aviation industry to prioritize fuel efficiency, manufacturers are concentrating more on developing aircraft with better aerodynamics and reduced weight.

 Aerospace riveting equipment is specialized machinery used to install rivets in aerospace structures, ensuring secure metal component joining and structural integrity and durability for aircraft and spacecraft.

The global air travel industry is continuously growing, and this has led to an increased demand for new aircraft manufacturing. As a result, there is a rising need for aerospace riveting solutions. Furthermore, the expanding number of both commercial and military aircraft in operation has become a significant factor in the market's growth. This requires ongoing maintenance, repair, and overhaul (MRO) activities.

Advances in aerospace manufacturing technology, such as automated riveting systems and cutting-edge materials, play a crucial role in enhancing efficiency and productivity. The demand for top-tier riveting solutions is propelled by rigorous safety and regulatory standards, guaranteeing the overall structural reliability of aircraft. Additionally, the aerospace riveting market is impacted by worldwide defense expenditures, with substantial contributions from military aviation projects shaping the market's landscape.

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Artificial Intelligence has played a key role in the aerospace riveting equipment sector. By improving the precision and efficiency of production processes, machine learning algorithms optimize riveting methods, reducing errors and improving structural integrity. Predictive maintenance, powered by AI, ensures equipment reliability, minimizing downtime. Furthermore, AI-driven analytics analyze vast datasets, leading to improved quality control. The integration of AI technologies encourages innovation and operational efficiency, thereby driving advancements in aircraft production amidst the industry's ongoing evolution.

Aerospace Riveting Equipment Market Report Highlights

  • The pneumatic riveting segment accounted for the largest share of the market. Pneumatic riveting tools utilize compressed air to rivets, making it cost-effective, lightweight, and efficient. Their inherent lightness is an advantage in the aerospace industry.
  • The fixed equipment segment accounted for the highest share of the market. Fixed riveting equipment is used due to its precision and repeatability in aircraft assembly, which reduces errors and boosts productivity.
  • North America is accounted for the largest share of the market. The region’s focus on technological innovation and the increased adoption of elevated riveting technologies and presence of leading aerospace manufacturers drive the market’s growth in region.
  • The Asia-Pacific region accounted for the fastest growth in the market. Countries like China, India, and, Japan have witnessed substantial growth in their aerospace manufacturing capabilities, leading to a surge in the adoption of riveting equipment for assembling aircraft components.
  • The global key market players 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., and Howmet Aerospace Inc.

Polaris Market Research has segmented the Aerospace Riveting Equipment market report based on equipment, mobility, rivet type, technology, end-use and region:

Aerospace Riveting Equipment, Equipment Outlook (Revenue - USD Million, 2019 - 2032)

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

Aerospace Riveting Equipment, Mobility Outlook (Revenue - USD Million, 2019 - 2032)

  • Fixed Equipment
  • Portable Equipment

Aerospace Riveting Equipment, Rivet Type Outlook (Revenue - USD Million, 2019 - 2032)

  • Blind Rivet
  • Semi- Tubular Rivet
  • Solid Rivet
  • Other Rivet Types

Aerospace Riveting Equipment, Technology Outlook (Revenue - USD Million, 2019 - 2032)

  • Automated Riveting Equipment
  • Manual Riveting Equipment

Aerospace Riveting Equipment, End-Use Outlook (Revenue - USD Million, 2019 - 2032)

  • Original Equipment Manufacturers (OEM)
  • Maintenance, Repair, and Overhaul (MRO)

Aerospace Riveting Equipment, Regional Outlook (Revenue - USD Million, 2019 - 2032)

  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Latin America
  • Argentina
  • Brazil
  • Mexico
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa

Aerospace Riveting Equipments Market Report Scope

Report Attributes

Details

Market size value in 2024

USD 112.43 million

Revenue forecast in 2032

USD 156.61 million

CAGR

4.2% from 2024 – 2032

Base year

2023

Historical data

2019 – 2022

Forecast period

2024 – 2032

Quantitative units

Revenue in USD million and CAGR from 2024 to 2032

Segments Covered

By Equipment, By Mobility, By Rivet Type, By Technology, By End-Use, By Region

Regional scope

North America, Europe, Asia Pacific, Latin America; Middle East & Africa

Customization    

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  • Segmentation analysis
  • Industry outlook
  • Competitive landscape
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