Aerospace Riveting Equipment Market by End Use (OEM, MRO), Equipment Type (Pneumatic, Hydraulic, Electric), Mobility (Fixed, Portable), Technology (Automated, Manual), Rivet Type (Solid, Blind, Semi-tubular) and Region – Global Forecast 2024 – 2029

SKU: GMS-1606

Format: PDF

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OVERVIEW

The Aerospace Riveting Equipment Market  is currently valued at USD 109 million in 2024 and will be growing at a CAGR of 4.3% over the forecast period to reach an estimated USD 134 Million in revenue in 2029. he aerospace riveting equipment market encompasses a range of machinery and tools specifically designed for the precise and efficient installation of rivets in aerospace structures. These tools include rivet guns, rivet squeezers, and automated riveting machines, among others. Given the critical nature of aerospace assemblies, where structural integrity and reliability are paramount, riveting equipment must meet stringent standards for accuracy, strength, and repeatability. Manufacturers in this sector continuously innovate to develop advanced equipment capable of handling various materials, including aluminum, titanium, and composites, while meeting the demanding requirements of modern aerospace applications. The market for aerospace riveting equipment is driven by the ongoing demand for commercial and military aircraft, as well as the growing need for lightweight and fuel-efficient designs, driving the adoption of advanced riveting technologies. Additionally, factors such as aircraft fleet expansion, maintenance, repair, and overhaul (MRO) activities further contribute to the steady growth of this market.

The aerospace riveting equipment market is propelled by several key drivers that underpin its growth and vitality. Firstly, the continual expansion of the global commercial aviation sector, driven by increasing passenger travel demand and fleet modernization efforts by airlines, fuels the demand for aerospace riveting equipment. Moreover, the burgeoning defense aerospace sector, characterized by ongoing military aircraft procurement programs and upgrades, acts as another significant driver. Additionally, the pursuit of lightweighting initiatives to enhance fuel efficiency and performance in both commercial and military aircraft drives the adoption of advanced riveting technologies capable of handling lightweight materials such as composites and titanium. Furthermore, the rising trend of aircraft maintenance, repair, and overhaul (MRO) activities, driven by the growing global aircraft fleet and regulatory requirements for safety and airworthiness, sustains the demand for aerospace riveting equipment for maintenance purposes.

Market Dynamics

Drivers:

The aerospace riveting equipment market is propelled by several key drivers that underpin its growth and vitality. Firstly, the continual expansion of the global commercial aviation sector, driven by increasing passenger travel demand and fleet modernization efforts by airlines, fuels the demand for aerospace riveting equipment. Moreover, the burgeoning defense aerospace sector, characterized by ongoing military aircraft procurement programs and upgrades, acts as another significant driver. Additionally, the pursuit of lightweighting initiatives to enhance fuel efficiency and performance in both commercial and military aircraft drives the adoption of advanced riveting technologies capable of handling lightweight materials such as composites and titanium. Furthermore, the rising trend of aircraft maintenance, repair, and overhaul (MRO) activities, driven by the growing global aircraft fleet and regulatory requirements for safety and airworthiness, sustains the demand for aerospace riveting equipment for maintenance purposes.

Key Offerings:

In the aerospace riveting equipment market, manufacturers provide a diverse range of key offerings tailored to meet the stringent requirements of aerospace assembly processes. These offerings encompass an array of specialized tools and machinery designed for precise and efficient rivet installation. Rivet guns, rivet squeezers, and automated riveting machines are among the primary offerings, each optimized for different aspects of the riveting process. Additionally, manufacturers often provide a suite of ancillary products and services, including tooling kits, consumables, spare parts, and technical support, to ensure seamless integration and ongoing operational efficiency for their customers. Moreover, with advancements in technology, key offerings may also include innovative solutions such as robotic riveting systems and digitalized control interfaces, aimed at improving productivity, accuracy, and overall manufacturing performance in the aerospace sector.

Restraints :

The market for aerospace riveting equipment has room to grow, but there are a number of obstacles that could prevent it. The substantial initial outlay needed to purchase cutting-edge riveting equipment is a major obstacle that can prevent small and medium-sized businesses (SMEs) from entering the market or improving their current infrastructure. In addition, the development and implementation of riveting equipment are made more complex and expensive by the demanding certification criteria and quality standards that must be met in order to comply with the regulatory requirements governing aerospace production. The aerospace sector is cyclical, meaning that demand for aircraft and economic conditions can fluctuate. This can result in times of lower capital investment and project delays, which can affect the market for riveting equipment. In addition, technological obstacles that impede market expansion include the intricacy of riveting procedures for sophisticated materials like composites and the requirement for trained personnel. In order to maintain growth and competitiveness in the aerospace riveting equipment market, industry stakeholders must work together and employ creative solutions to navigate these constraints.

Regional Information:

In North America, the aerospace riveting equipment market thrives on the region’s robust aerospace industry, which includes major aircraft manufacturers, defense contractors, and a dense network of suppliers. The United States, home to aerospace giants such as Boeing and Lockheed Martin, drives substantial demand for riveting equipment due to its extensive commercial and military aircraft production and maintenance activities. Additionally, the presence of leading aerospace research institutions and technological innovators fosters continuous advancements in riveting technologies. 

• In Europe, particularly in countries like Germany, France, and the UK, the aerospace riveting equipment market benefits from a strong aerospace manufacturing base and a focus on lightweighting technologies to enhance aircraft performance and fuel efficiency. European manufacturers are at the forefront of developing advanced riveting solutions to meet the stringent requirements of next-generation aircraft programs. 

• The Asia-Pacific region, countries like China and India are emerging as significant players in the aerospace industry, driving demand for riveting equipment to support their expanding commercial aviation fleets and indigenous aircraft production initiatives.

Recent Developments:

In July 2023, Cherry Aerospace (US) Unveiled a new type of lightweight rivet with improved joint strength and fatigue resistance for aircraft structures. This aligns with the industry’s focus on fuel-efficient materials and designs.

• In September 2023, Stanley Engineered Fastening (SEF) (US) Announced plans to invest in additive manufacturing technologies for producing customized fasteners and tooling for aerospace applications. This allows for greater design flexibility and potentially lighter components.

Key Market Players:

Cherry Aerospace, Arconic Inc., SPS Technologies, Gesipa Blindniettechnik GmbH, KUKA AG, Chicago Pneumatic Tool Company LLC, Avdel, Huck International, FARO Technologies, Inc., and National Rivet & Manufacturing Co.

Frequently Asked Questions

1) What is the projected market value of the Aerospace Riveting Equipment Market ?

– The Aerospace Riveting Equipment Market  is expected to reach an estimated value of USD 134 Million billion in revenue by 2029. 

2) What is the estimated CAGR of the Aerospace Riveting Equipment Market  over the 2024 to 2029 forecast period?

– The CAGR is estimated to be 4.3% for the Aerospace Riveting Equipment Market  over the 2024 to 2029.

3) Who are the key players in the Aerospace Riveting Equipment Market ?

– Cherry Aerospace, Arconic Inc., SPS Technologies, Gesipa Blindniettechnik GmbH, KUKA AG, Chicago Pneumatic Tool Company LLC, Avdel, Huck International, FARO Technologies, Inc., and National Rivet & Manufacturing Co.

4) What are the drivers for the Aerospace Riveting Equipment Market ?

– The aerospace riveting equipment market is driven by the global commercial aviation sector, defense aerospace, lightweighting initiatives, and the increasing demand for aircraft maintenance, repair, and overhaul (MRO) activities. The growth is fueled by increased passenger travel demand, fleet modernization, and the adoption of advanced riveting technologies for lightweight materials.

5) What are the restraints and challenges in the Aerospace Riveting Equipment Market ?

– The aerospace riveting equipment market faces challenges such as high initial investment, stringent regulatory requirements, cyclical industry fluctuations, and technological barriers. SMEs may be deterred by the high initial investment required for advanced riveting equipment. The industry’s cyclical nature and technological barriers also impact market growth. To sustain growth, innovative strategies and collaboration among stakeholders are needed.

6) What are the key applications and offerings of the Aerospace Riveting Equipment Market ?

– Aerospace riveting equipment manufacturers offer specialized tools and machinery for precise and efficient rivet installation, including rivet guns, squeezers, and automated machines. They also provide ancillary products and services, such as tooling kits and spare parts, to ensure seamless integration and operational efficiency. Advancements in technology may include robotic riveting systems.

7) Which region is expected to drive the market for the forecast period?

– North America is expected to have the highest market growth from 2024 to 2029 

Why Choose Us?

Insights into Market Trends: Global Market Studies reports provide valuable insights into market trends, including market size, segmentation, growth drivers, and market dynamics. This information helps clients make strategic decisions, such as product development, market positioning, and marketing strategies.

Competitor Analysis: Our reports provide detailed information about competitors, including their market share, product offerings, pricing, and competitive strategies. This data can be used to inform competitive strategies and to identify opportunities for growth and expansion.

Industry Forecasts: Our reports provide industry forecasts, which will inform your business strategies, such as investment decisions, production planning, and workforce planning. These forecasts can help you to prepare for future trends and to take advantage of growth opportunities.

Access to Industry Experts: Our solutions include contributions from industry experts, including analysts, consultants, and subject matter experts. This access to expert insights can be valuable for you to understand the market.

Time and Cost Savings: Our team at Global Market Studies can save you time and reduce the cost of conducting market research by providing comprehensive and up-to-date information in a single report, avoiding the need for additional market research efforts.

METHODOLOGY

At Global Market Studies, extensive research is done to create reports which have in-depth insights across all aspects of the market such as drivers, opportunities, challenges, restraints, market trends, regional insights, market segmentation, latest developments, key players for the forecast period. Multiple methods are used to derive both qualitative and quantitative information for the report:Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 1

PRIMARY RESEARCH

Through surveys and interviews, primary research is sourced mainly from experts from the core and related industry. It includes distributors, manufacturers, Directors, C-Level Executives and Managers, alliances certification organisations across various segments of the markets value chain. Both the supply-side and demand-side is interviewed.

Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 2

SECONDARY RESEARCH

Our sources of secondary research include Annual Reports, Journals, Press Releases, Company Websites, Paid Databases and our own Data Repository. They also include, investor presentations, certifies publications and articles by authorised regulatory bodies, trade directories and databases.

Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 3

MARKET SIZE ESTIMATION

After extensive secondary and primary research, both the Bottom-up and Top-down methods are used to analyse the data. In the Bottom-up Approach, Company revenues across multiple segments are gathered to derive the percentage split per market segment. From this the Segment wise market size is derived to give the Total Market Size. In the Top-down Approach the reverse method is used where the Total Market Size is first derived from primary sources and is split into Market Segment, Regional Split and so on.

Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 4Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 5

Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 6

DATA TRIANGULATION:

All statistics are collected through extensive secondary research and verified by interviews conducted with supply-side and demand-side in the primary research to ensure that both primary and secondary data percentages, statistics and findings corroborate.

Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 7

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OVERVIEW

The Aerospace Riveting Equipment Market  is currently valued at USD 109 million in 2024 and will be growing at a CAGR of 4.3% over the forecast period to reach an estimated USD 134 Million in revenue in 2029. he aerospace riveting equipment market encompasses a range of machinery and tools specifically designed for the precise and efficient installation of rivets in aerospace structures. These tools include rivet guns, rivet squeezers, and automated riveting machines, among others. Given the critical nature of aerospace assemblies, where structural integrity and reliability are paramount, riveting equipment must meet stringent standards for accuracy, strength, and repeatability. Manufacturers in this sector continuously innovate to develop advanced equipment capable of handling various materials, including aluminum, titanium, and composites, while meeting the demanding requirements of modern aerospace applications. The market for aerospace riveting equipment is driven by the ongoing demand for commercial and military aircraft, as well as the growing need for lightweight and fuel-efficient designs, driving the adoption of advanced riveting technologies. Additionally, factors such as aircraft fleet expansion, maintenance, repair, and overhaul (MRO) activities further contribute to the steady growth of this market.

The aerospace riveting equipment market is propelled by several key drivers that underpin its growth and vitality. Firstly, the continual expansion of the global commercial aviation sector, driven by increasing passenger travel demand and fleet modernization efforts by airlines, fuels the demand for aerospace riveting equipment. Moreover, the burgeoning defense aerospace sector, characterized by ongoing military aircraft procurement programs and upgrades, acts as another significant driver. Additionally, the pursuit of lightweighting initiatives to enhance fuel efficiency and performance in both commercial and military aircraft drives the adoption of advanced riveting technologies capable of handling lightweight materials such as composites and titanium. Furthermore, the rising trend of aircraft maintenance, repair, and overhaul (MRO) activities, driven by the growing global aircraft fleet and regulatory requirements for safety and airworthiness, sustains the demand for aerospace riveting equipment for maintenance purposes.

Market Dynamics

Drivers:

The aerospace riveting equipment market is propelled by several key drivers that underpin its growth and vitality. Firstly, the continual expansion of the global commercial aviation sector, driven by increasing passenger travel demand and fleet modernization efforts by airlines, fuels the demand for aerospace riveting equipment. Moreover, the burgeoning defense aerospace sector, characterized by ongoing military aircraft procurement programs and upgrades, acts as another significant driver. Additionally, the pursuit of lightweighting initiatives to enhance fuel efficiency and performance in both commercial and military aircraft drives the adoption of advanced riveting technologies capable of handling lightweight materials such as composites and titanium. Furthermore, the rising trend of aircraft maintenance, repair, and overhaul (MRO) activities, driven by the growing global aircraft fleet and regulatory requirements for safety and airworthiness, sustains the demand for aerospace riveting equipment for maintenance purposes.

Key Offerings:

In the aerospace riveting equipment market, manufacturers provide a diverse range of key offerings tailored to meet the stringent requirements of aerospace assembly processes. These offerings encompass an array of specialized tools and machinery designed for precise and efficient rivet installation. Rivet guns, rivet squeezers, and automated riveting machines are among the primary offerings, each optimized for different aspects of the riveting process. Additionally, manufacturers often provide a suite of ancillary products and services, including tooling kits, consumables, spare parts, and technical support, to ensure seamless integration and ongoing operational efficiency for their customers. Moreover, with advancements in technology, key offerings may also include innovative solutions such as robotic riveting systems and digitalized control interfaces, aimed at improving productivity, accuracy, and overall manufacturing performance in the aerospace sector.

Restraints :

The market for aerospace riveting equipment has room to grow, but there are a number of obstacles that could prevent it. The substantial initial outlay needed to purchase cutting-edge riveting equipment is a major obstacle that can prevent small and medium-sized businesses (SMEs) from entering the market or improving their current infrastructure. In addition, the development and implementation of riveting equipment are made more complex and expensive by the demanding certification criteria and quality standards that must be met in order to comply with the regulatory requirements governing aerospace production. The aerospace sector is cyclical, meaning that demand for aircraft and economic conditions can fluctuate. This can result in times of lower capital investment and project delays, which can affect the market for riveting equipment. In addition, technological obstacles that impede market expansion include the intricacy of riveting procedures for sophisticated materials like composites and the requirement for trained personnel. In order to maintain growth and competitiveness in the aerospace riveting equipment market, industry stakeholders must work together and employ creative solutions to navigate these constraints.

Regional Information:

In North America, the aerospace riveting equipment market thrives on the region’s robust aerospace industry, which includes major aircraft manufacturers, defense contractors, and a dense network of suppliers. The United States, home to aerospace giants such as Boeing and Lockheed Martin, drives substantial demand for riveting equipment due to its extensive commercial and military aircraft production and maintenance activities. Additionally, the presence of leading aerospace research institutions and technological innovators fosters continuous advancements in riveting technologies. 

• In Europe, particularly in countries like Germany, France, and the UK, the aerospace riveting equipment market benefits from a strong aerospace manufacturing base and a focus on lightweighting technologies to enhance aircraft performance and fuel efficiency. European manufacturers are at the forefront of developing advanced riveting solutions to meet the stringent requirements of next-generation aircraft programs. 

• The Asia-Pacific region, countries like China and India are emerging as significant players in the aerospace industry, driving demand for riveting equipment to support their expanding commercial aviation fleets and indigenous aircraft production initiatives.

Recent Developments:

In July 2023, Cherry Aerospace (US) Unveiled a new type of lightweight rivet with improved joint strength and fatigue resistance for aircraft structures. This aligns with the industry’s focus on fuel-efficient materials and designs.

• In September 2023, Stanley Engineered Fastening (SEF) (US) Announced plans to invest in additive manufacturing technologies for producing customized fasteners and tooling for aerospace applications. This allows for greater design flexibility and potentially lighter components.

Key Market Players:

Cherry Aerospace, Arconic Inc., SPS Technologies, Gesipa Blindniettechnik GmbH, KUKA AG, Chicago Pneumatic Tool Company LLC, Avdel, Huck International, FARO Technologies, Inc., and National Rivet & Manufacturing Co.

Frequently Asked Questions

1) What is the projected market value of the Aerospace Riveting Equipment Market ?

– The Aerospace Riveting Equipment Market  is expected to reach an estimated value of USD 134 Million billion in revenue by 2029. 

2) What is the estimated CAGR of the Aerospace Riveting Equipment Market  over the 2024 to 2029 forecast period?

– The CAGR is estimated to be 4.3% for the Aerospace Riveting Equipment Market  over the 2024 to 2029.

3) Who are the key players in the Aerospace Riveting Equipment Market ?

– Cherry Aerospace, Arconic Inc., SPS Technologies, Gesipa Blindniettechnik GmbH, KUKA AG, Chicago Pneumatic Tool Company LLC, Avdel, Huck International, FARO Technologies, Inc., and National Rivet & Manufacturing Co.

4) What are the drivers for the Aerospace Riveting Equipment Market ?

– The aerospace riveting equipment market is driven by the global commercial aviation sector, defense aerospace, lightweighting initiatives, and the increasing demand for aircraft maintenance, repair, and overhaul (MRO) activities. The growth is fueled by increased passenger travel demand, fleet modernization, and the adoption of advanced riveting technologies for lightweight materials.

5) What are the restraints and challenges in the Aerospace Riveting Equipment Market ?

– The aerospace riveting equipment market faces challenges such as high initial investment, stringent regulatory requirements, cyclical industry fluctuations, and technological barriers. SMEs may be deterred by the high initial investment required for advanced riveting equipment. The industry’s cyclical nature and technological barriers also impact market growth. To sustain growth, innovative strategies and collaboration among stakeholders are needed.

6) What are the key applications and offerings of the Aerospace Riveting Equipment Market ?

– Aerospace riveting equipment manufacturers offer specialized tools and machinery for precise and efficient rivet installation, including rivet guns, squeezers, and automated machines. They also provide ancillary products and services, such as tooling kits and spare parts, to ensure seamless integration and operational efficiency. Advancements in technology may include robotic riveting systems.

7) Which region is expected to drive the market for the forecast period?

– North America is expected to have the highest market growth from 2024 to 2029 

Why Choose Us?

Insights into Market Trends: Global Market Studies reports provide valuable insights into market trends, including market size, segmentation, growth drivers, and market dynamics. This information helps clients make strategic decisions, such as product development, market positioning, and marketing strategies.

Competitor Analysis: Our reports provide detailed information about competitors, including their market share, product offerings, pricing, and competitive strategies. This data can be used to inform competitive strategies and to identify opportunities for growth and expansion.

Industry Forecasts: Our reports provide industry forecasts, which will inform your business strategies, such as investment decisions, production planning, and workforce planning. These forecasts can help you to prepare for future trends and to take advantage of growth opportunities.

Access to Industry Experts: Our solutions include contributions from industry experts, including analysts, consultants, and subject matter experts. This access to expert insights can be valuable for you to understand the market.

Time and Cost Savings: Our team at Global Market Studies can save you time and reduce the cost of conducting market research by providing comprehensive and up-to-date information in a single report, avoiding the need for additional market research efforts.

METHODOLOGY

At Global Market Studies, extensive research is done to create reports which have in-depth insights across all aspects of the market such as drivers, opportunities, challenges, restraints, market trends, regional insights, market segmentation, latest developments, key players for the forecast period. Multiple methods are used to derive both qualitative and quantitative information for the report:Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 1

PRIMARY RESEARCH

Through surveys and interviews, primary research is sourced mainly from experts from the core and related industry. It includes distributors, manufacturers, Directors, C-Level Executives and Managers, alliances certification organisations across various segments of the markets value chain. Both the supply-side and demand-side is interviewed.

Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 2

SECONDARY RESEARCH

Our sources of secondary research include Annual Reports, Journals, Press Releases, Company Websites, Paid Databases and our own Data Repository. They also include, investor presentations, certifies publications and articles by authorised regulatory bodies, trade directories and databases.

Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 3

MARKET SIZE ESTIMATION

After extensive secondary and primary research, both the Bottom-up and Top-down methods are used to analyse the data. In the Bottom-up Approach, Company revenues across multiple segments are gathered to derive the percentage split per market segment. From this the Segment wise market size is derived to give the Total Market Size. In the Top-down Approach the reverse method is used where the Total Market Size is first derived from primary sources and is split into Market Segment, Regional Split and so on.

Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 4Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 5

Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 6

DATA TRIANGULATION:

All statistics are collected through extensive secondary research and verified by interviews conducted with supply-side and demand-side in the primary research to ensure that both primary and secondary data percentages, statistics and findings corroborate.

Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 7

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