Aerospace Riveting Equipment Market Trends, Growth, Forecast By 2024 -2032

Global Aerospace Riveting Equipment Market

The aerospace riveting equipment market is estimated to register a CAGR of 4.00% during the forecast period of 2024 to 2032.

MRFR recognizes the following companies as the key players in the global aerospace riveting equipment market - Airbus Helicopters, Avdel, Cherry Aerospace, Boeing Commercial Airplanes, GESIPA Aerospace, Henrob, Huck Aerospace, PSM Aerospace, Eaton Aerospace, Lockheed Martin, Northrop Grumman, POP Aviation & Industrial, Parker Hannifin Aerospace, and STANLEY Engineered Fastening (SENCO).

Market Highlights

The global aerospace riveting equipment market is accounted to register a CAGR of 4.00% during the forecast period and is estimated to reach USD 0.171 billion by 2032.

Ongoing technological breakthroughs in the aircraft manufacturing sector drive the need for inventive riveting equipment. With the incorporation of lightweight materials and complex structures in aircraft designs, precision in component connecting becomes critical. Technologies that improve the strength, longevity, and efficiency of aircraft structures include friction stir welding and laser riveting. Manufacturers of riveting equipment are encouraged to innovate by this driver, which helps them create state-of-the-art solutions that satisfy the demanding specifications of contemporary aerospace applications. The market for advanced riveting technologies is poised for continued expansion as a result of the growing emphasis on fuel efficiency and the demand for sophisticated aircraft.

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Segment Analysis

The global aerospace riveting equipment market has been segmented into rivet type, equipment type, mobility, technology, and end use.

On the basis of rivet type, the market is segmented into Blind Rivet, Semi- Tubular Rivet, Solid Rivet, and Other Rivet Types. The solid rivet segment was attributed to holding the largest market share in 2023. The usage of composite materials in the construction of airplanes is growing due to their increased strength and lighter weight, and solid rivets are the ideal tool for the job.

Based on equipment type, the global aerospace riveting equipment market has been segmented into Hydraulic Riveting Equipment, Pneumatic Riveting Equipment, and Electric Riveting Equipment. The pneumatic riveting equipment segment was expected to hold the largest market share in 2023 due to its adaptability and efficacy. The requirement for strong and lightweight joints in the aircraft industry has led to an increase in the popularity of pneumatic riveting equipment. These tools are popular because they are reliable in terms of power, speed, and accuracy for fastening materials such as plastics and metals. Their low maintenance costs and ease of usage are contributing factors to their increasing popularity among manufacturers.

Based on mobility, the global aerospace riveting equipment market has been segmented into Fixed Equipment and Portable Equipment. The fixed equipment segment was expected to hold the largest market share in 2023. The need for accuracy and stability in the assembly of airplanes drives this market segment for riveting equipment for aerospace applications. The aerospace industry needs stable riveting systems for crucial assembly activities. Static riveting technology improves accuracy, reliability, and structural integrity while making aviation components.

Based on technology, the global aerospace riveting equipment market has been segmented into Automated Riveting Equipment and Manual Riveting Equipment. The manual riveting equipment segment was expected to hold the largest market share in 2023 because of its benefits in terms of ease of use, adaptability, and applicability for certain aerospace scenarios. The tactile precision of manual riveting guarantees precise rivet placement and securing. For smaller-scale operations, maintenance duties, or circumstances where automation might not be feasible, manual riveting equipment is a cost-effective solution. Manual riveting tools are useful for meeting particular needs in the aerospace sector because of their versatility.

Based on end use, the global aerospace riveting equipment market has been segmented into Original Equipment Manufacturers (OEM) and Maintenance, Repair, & Overhaul (MRO). The original equipment manufacturers (OEM) segment was expected to hold the largest market share in 2023. The development and manufacturing of specialized systems or components, with an emphasis on elements like type, mobility, riveting, and automation solutions, heavily relies on Original Equipment Manufacturers (OEMs). They create original goods or components and mostly sell them to other businesses, such as aircraft manufacturers or integrators.

Regional Analysis

The global aerospace riveting equipment market, based on region, has been divided into North America, Europe, Asia-Pacific, and Rest of the World. North America consists of the US and Canada. The Europe aerospace riveting equipment market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The aerospace riveting equipment market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World aerospace riveting equipment market comprises the Middle East, Africa, and Latin America.

The largest market share for aerospace riveting equipment was maintained by the North American regional sector driven by the strength of the aerospace sector in this area, rising rates of aircraft production, technological developments in the aircraft manufacturing industry, a stronger focus on lightweight material research and development, military aircraft modernization initiatives, the existence of significant aerospace clusters in the area, and investments in R&D and innovation in the aerospace sector.

Moreover, the European market has been persistently growing over the forecast period, driven by the rising demand for military and commercial aircraft in Europe. The market is expanding due to various factors, such as increased investments in aeronautical infrastructure, technological developments in riveting, and strict safety requirements. Furthermore, there is a growing need for high-performance riveting equipment that can handle composite materials due to the growing trend of using lightweight materials in aircraft manufacture.

Additionally, Asia Pacific is anticipated to experience the quickest growth over the forecast period because of the benefits of cost and market demand. Research & development expenditures are also assisting in the adoption of cutting-edge manufacturing techniques. The market in the region is driven by a spike in air travel demand, which has led to the growth of low-cost carriers and the expansion of commercial aviation fleets, which has raised orders for aircraft and focused attention on cost-effective production.

Furthermore, the rest of the world's aerospace riveting equipment market is divided into the Middle East, Africa, and Latin America. A sizeable portion of the market was occupied by the rest of the world. The area is at the forefront of aircraft production thanks to its strong concentration on technological innovation, research, and development, which has expanded the adoption of cutting-edge riveting technologies. Furthermore, the need for aerospace riveting equipment has significantly increased due to the strong expansion of the commercial aviation industry in the rest of the world, which is fueled by a continuous rise in air travel demand and the requirement to modernize the fleet.

Key Findings of the Study

• The global aerospace riveting equipment market is expected to reach USD 0.171 billion by 2032, at a CAGR of 4.00% during the forecast period.


• The Asia-Pacific region accounted for the fastest-growing global market due to the advantages of price and consumer demand. Investing in research and development also helps to advance the use of innovative manufacturing methods.


• Based on end use, the original equipment manufacturers (OEM) segment was attributed to holding the largest market in 2023.


• Airbus Helicopters, Avdel, Cherry Aerospace, Boeing Commercial Airplanes, GESIPA Aerospace, Henrob, Huck Aerospace, PSM Aerospace, Eaton Aerospace, Lockheed Martin, Northrop Grumman, POP Aviation & Industrial, Parker Hannifin Aerospace, and STANLEY Engineered Fastening (SENCO) are the key market players.