Report Code: A09725 | Pages: NA | Mar 2023 | 826 Views | ||
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Request Now !The global Rivet Gun market is experiencing a significant growth and will grow considerably in next few years. Rivet Guns are a type of tools that are used to drive rivets in tight spaces. Rivets are a type of mechanical fasteners that consist of a smooth, cylindrical shaft and a head. On installation, the end of the shaft expands and fastens two or more objects in place. Rivet guns are preferred in various industries and applications over other alternatives due to the precision of the driving force it can generate. Rivet guns are available in various sizes and shapes and also come with a variety of handles and grips. Rivet guns are generally light weight tools and ergonomically designed so that they are easy to use. The battery powered rivet guns generally operate on Lithium-ion batteries and have long lasting battery life and quick recharging. The only restraining factor may be the cost of the cordless or battery-operated rivet guns but that is also negated by the long-term usability, durability and benefits of the tool. Pneumatic rivet guns are also facing increasing demand and have large scale industry applications.
Market scope and structure analysis:
Report Metric | Details |
 Market size available for years |  2019–2027 |
 Base year considered |  2019 |
 Forecast period |  2020–2027 |
 Forecast units |  Value (USD Millions) |
 Segments covered |  Type, Application, Industry Vertical, and Region |
 Geographies covered | North America (US, Mexico and Canada), Europe (Germany, UK, France, Italy, and the Rest of Europe), Asia Pacific (China, Japan, India, Australia, and the Rest of Asia Pacific), LAMEA (Latin America, Middle East, and Africa) |
 Companies covered | Major players include Stanley Black & Decker, Ingersoll-Rand, RIVETEC Ltd, Fastening Systems International, FAR Rivet Guns, Atlas Copco, Campbell Hausfeld, GESIPA Blindniettechnik GmbH, JPW Industries, Lobtex, SRC Metal (Shanghai) Co. Ltd, Degometal, Malco Products, Honsel Umformtechnik. |
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COVID-19 scenario analysis:
COVID-19 scenario analysis :Â
The surge in number of large-scale infrastructure projects such as transportation and energy related projects have created a growing need for industrial precision tools. For example, the famous Golden Gate Bridge in San Francisco, CA, USA has approximately 600,000 rivets per tower. Rivets are ideal for watertight applications and supporting shear and tensile loads. Rivets are used widely in both lightweight and heavy-duty applications alike. Applications of rivets can be found in sheet metal assemblies of automotive, aerospace, railways, defense etc industries as well as the construction industry to attach doors through hinges, roofing and ceiling etc. Surge in global infrastructure, defense and automotive projects are driving factors for growth of the global rivet gun market.Â
The global Automotive Industry has been enjoying sustained growth and profits for a good few years now. The more mature automotive economies like Western Europe, Japan and the United States are expected to grow slowly but the continued penetration into new markets are expected to propel revenue. The auto sector in the emerging nations with increasing middle classes are forecast to grow at a much faster pace as consumers with higher disposable incomes will stimulate demand for motor vehicle.
The implementation of rivet guns in the global automotive sector is wide and is vital to sheet metal work, fabrication, and other related operations. Rivet guns will continue to grow in popularity as the auto sector continues to flourish.
Public infrastructure expansion and maintenance continue to grow. Private real estate development and individual residential construction are also going to continue growing as population and urbanization increases around the world. Schools, hospitals and other public interest facilities need to be built, expanded or updated. These myriad projects of varying scale and size will continue to aid the global rivet gun market as the usage of handy precision tools go hand in hand with such infrastructure growth. The growth in the global construction market is driven by the US, China and India as the most important construction markets and construction work around the world in Asia-Pacific and LAMEA regions are forecast to grow in the future.Â
The implementation of this device in the system would optimize performance as it will increase the efficiency of the workers and increase precision and finishing quality. The overall bill of materials cost and total cost of solutions will also be lowered as these easy to use precision tools will help in less wastage of materials and time. This proves crucial in automotive, industrial, and construction applications. Because, in these applications, precise and high quality engineering is of paramount importance to the overall finish, look and usability of the end product.
Key segments covered:
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Key benefits of the report:
Rivet Gun Market: Global Opportunity Analysis and Industry Forecast, 2020–2027 Report Highlights
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Key Market Players | Stanley Black & Decker, Ingersoll-Rand, RIVETEC Ltd, Fastening Systems International, FAR Rivet Guns, Atlas Copco, Campbell Hausfeld, GESIPA Blindniettechnik GmbH, JPW Industries, Lobtex, SRC Metal (Shanghai) Co. Ltd, Degometal, Malco Products, Honsel Umformtechnik |
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