Aerospace Riveting Equipment Market Research Report Information By Rivet Type (Blind Rivet, Semi- Tubular Rivet, Solid Rivet, and Other Rivet Types), By Equipment Type (Hydraulic Riveting Equipment, Pneumatic Riveting Equipment, and Electric Riveting Equipment), By Mobility (Fixed Equipment and Portable Equipment), By Technology (Automated Riveting Equipment and Manual Riveting Equipment), By End Use (Original Equipment Manufacturers (OEM) and Maintenance, Repair, & Overhaul (MRO)), And By Region (North America, Europe, Asia-Pacific, And Re

Global Aerospace Riveting Equipment Market Overview

Aerospace Riveting Equipment Market Size was valued at USD 0.1 Billion in 2023. The aerospace riveting equipment market industry is projected to grow from USD 0.13 Billion in 2024 to USD 0.171 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.00% during the forecast period (2024 - 2032). Major market drivers propelling the market's growth include the growing need for new aircraft to meet the growing volume of air travelers and the development of stronger, lighter riveting tools for use in aircraft.

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Aerospace Riveting Equipment Market Trends

• Technological developments in the manufacturing of aircraft are driving market growth.

The need for sophisticated riveting equipment is increasing in the aircraft manufacturing sector as a result of advances in production technologies. Precise component joining has become more and more crucial as aircraft designs advance by utilizing lightweight materials and complex structures. Modern technologies like friction stir welding and laser riveting are becoming indispensable for improving the efficiency, robustness, and strength of aircraft structures. This has encouraged producers of riveting equipment to develop cutting-edge products that are especially suited to the demanding requirements of contemporary aircraft applications. Additionally, the aerospace manufacturing sector has significantly advanced technology, including laser riveting and friction stir welding. These developments have completely altered the way that aircraft structures are built. While friction stir welding is a solid-state welding method that forges strong joins without melting materials, laser riveting uses powerful lasers to attach precisely. For instance, Bond Technologies, Inc. introduced the PM2 Friction Stir Welding machine in August 2023. This machine is a unique high-volume production solution with cutting-edge features intended for small to medium-sized aluminum alloy parts, providing efficiency and dependability in challenging production situations.

Worldwide aircraft demand is growing, and lightweight and fuel-efficient aircraft constructions are becoming more and more necessary. These factors are driving the market's expansion. As the aviation industry produces more aircraft, there is a growing demand for aerospace riveting equipment. Furthermore, the growing need for new aircraft to handle the increasing volume of air travel is expected to cause the aerospace sector to see significant growth in the years to come. The construction of aircraft structures depends on aerospace riveting equipment, which will, therefore, have greater chances. Moreover, government initiatives and spending on aircraft infrastructure are propelling the industry's growth, which would benefit the aerospace riveting machine market accordingly.

Investigating developing aerospace markets in areas like Asia-Pacific offers opportunities. Manufacturers of riveting equipment can take advantage of new business opportunities presented by the rising demand for airplanes through regional expansion plans. Air travel's globalization opens chances for manufacturers to enter new markets, build relationships with regional aviation stakeholders, and meet the changing demands of local aerospace sectors. In order to take advantage of the rapidly increasing demand for aerospace products, particularly in the Asia-Pacific area, riveting equipment makers are being driven to strategically pursue emerging markets and expand regionally. This regional diversification is in line with how the aerospace manufacturing industry is changing globally, as growing economies fuel an increase in air traffic and the need for new aircraft. Furthermore, in order to address the growing demand for effective riveting solutions, manufacturers proactively penetrate and expand inside these burgeoning areas. This strategy not only opens up new business opportunities but also encourages partnerships with regional industry participants, bolstering the worldwide reach of riveting equipment producers and guaranteeing their flexibility in adapting to local variances in the demands of aerospace manufacturing. Thus, driving the aerospace riveting equipment market revenue.

Aerospace Riveting Equipment Market Segment Insights:

Aerospace Riveting Equipment Rivet Type Insights

The Aerospace Riveting Equipment Market segmentation, based on rivet type, includes Blind Rivet, Semi- Tubular Rivet, Solid Rivet, and Other Rivet Types. In 2023, the solid rivet segment dominated the market. It is due to their superior strength and reduced weight, composite materials are being used more and more in aircraft building, and solid rivets are the perfect tool for the job.

Aerospace Riveting Equipment Equipment Type Insights

The Aerospace Riveting Equipment Market segmentation, based on equipment type, includes Hydraulic Riveting Equipment, Pneumatic Riveting Equipment, and Electric Riveting Equipment. The pneumatic riveting equipment category generated the most income in 2023 because of its effectiveness and versatility. Pneumatic riveting tools are becoming more and more popular as a result of the aerospace industry's need for strong and lightweight joints. These tools are well-liked because they can fasten materials like metals and plastics with consistent power, speed, and accuracy. Their growing appeal among manufacturers is also a result of their simplicity of use and reduced maintenance expenses.

Aerospace Riveting Equipment Mobility Insights

The Aerospace Riveting Equipment Market segmentation, based on mobility, includes Fixed Equipment and Portable Equipment. The fixed equipment category generated the most income in 2023. The requirement for stability and precision in airplane assembly drives this market sector for aerospace riveting equipment. For critical assembly operations, aerospace manufacturers require dependable and fixed riveting systems. When fabricating airplane components, precision, consistency, and structural integrity are all improved by stationary riveting equipment.

Figure 1: Aerospace Riveting Equipment Market, by Mobility, 2023 & 2032 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Aerospace Riveting Equipment Technology Insights

The Aerospace Riveting Equipment Market segmentation, based on technology, includes Automated Riveting Equipment and Manual Riveting Equipment. The manual riveting equipment category generated the most income in 2023 because of its advantages in terms of versatility, simplicity of usage, and suitability for specific aircraft scenarios. Manual riveting ensures exact rivet placement and fastening due to its tactile precision. A more affordable option is manual riveting equipment for smaller-scale operations, maintenance tasks, or situations where automation might not be possible. Because of their adaptability, manual riveting equipment is helpful in the aerospace industry for specific applications.

Aerospace Riveting Equipment End Use Insights

The Aerospace Riveting Equipment Market segmentation, based on end use, includes Original Equipment Manufacturers (OEM) and Maintenance, Repair, & Overhaul (MRO). The original equipment manufacturers (OEM) category generated the most income in 2023. OEMs play a major role in the development and production of specialized systems or components, with a focus on factors such as type, mobility, riveting, and automation solutions. Their primary market is other firms, like aircraft manufacturers or integrators, to which they sell their original items or components.

Aerospace Riveting Equipment Regional Insights

By region, the study provides the market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The North American aerospace riveting equipment market area will dominate this market, which is motivated by the existence of numerous aeronautical firms. The need for aerospace riveting equipment is driven by the US's position as a global leader in aircraft production and its dedication to both military and commercial aviation. The region's governments are heavily investing in cutting-edge aeronautical systems based on technology. The market is also growing as a result of North America's emphasis on research and development and industry stakeholder collaborations.

Further, the major countries studied in the market report are the US, Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, and South Korea.

Figure 2: Aerospace Riveting Equipment Market Share By Region 2023 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe aerospace riveting equipment market accounts for the second-largest market share, driven by Europe's growing need for both military and commercial aircraft. The market is growing as a result of several things, including increased spending on aviation infrastructure, advancements in riveting technology, and stringent safety regulations. In addition, as lightweight materials are increasingly used in aircraft manufacturing, there is a growing demand for high-performance riveting equipment that can handle composite materials. Further, the German aerospace riveting equipment market held the largest market share, and the UK aerospace riveting equipment market was the fastest growing market in the European region.

The Asia-Pacific Aerospace Riveting Equipment Market is expected to grow at the fastest CAGR from 2024 to 2032. The aerospace and defense sectors are seeing increased investment from nations like China, India, and Japan, which is driving up demand for aerospace riveting equipment. The regional market is being significantly impacted by the expanding civil aviation sector as well as the rising maintenance, repair, and overhaul (MRO) operations. Moreover, China’s aerospace riveting equipment market held the largest market share, and the Indian aerospace riveting equipment market was the fastest growing market in the Asia-Pacific region.

Aerospace Riveting Equipment Key Market Players & Competitive Insights

Leading market players are investing heavily in research and development in order to expand their product lines, which will help the aerospace riveting equipment market grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the aerospace riveting equipment industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global aerospace riveting equipment industry to benefit clients and increase the market sector. In recent years, the aerospace riveting equipment industry has offered some of the most significant advantages to medicine. Major players in the aerospace riveting equipment market are attempting to increase market demand by investing in research and development operations, including 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).

Technology for aerospace and defense is provided by Northrop Grumman Corp. (Northrop Grumman). Intelligence, surveillance, and reconnaissance (C4ISR), computers, autonomous systems, unmanned systems, cybersecurity, and command, control, and communications are the company's main areas of focus at this point in time. It produces mission-critical computer systems, wireless communications infrastructure, spacecraft systems, and acoustic sensors for aircraft carriers and submarines. Along with modernization services, it offers logistics support.

Lockheed Martin Corp. (Lockheed Martin) is an aerospace and security product company. The business conducts research, designs, develops, produces, and integrates cutting-edge technology systems, goods, and services. In addition, it provides services for system integration, cybersecurity, technical, engineering, scientific, and logistical management. Radar systems, sensors, unmanned systems, guided weapons, ground vehicles, military and rotary-wing aircraft, airlifters, missiles, and naval systems are among its product offerings.

Key Companies in the aerospace riveting equipment market include

• 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


• STANLEY Engineered Fastening (SENCO)

Aerospace Riveting Equipment Industry Developments

October 2023: The new battery-operated, automated blind rivet setter, called the GESIPA GBS 1000, is intended for medium-duty and lightweight applications. It has an easy-to-use interface, an ergonomic design, and a brushless motor.

July 2023: A novel lightweight rivet type with enhanced fatigue resistance and joint strength for airplane structures was introduced by Cherry Aerospace (US). This fits perfectly with the industry's emphasis on designs and materials that use less gasoline.

September 2023: American company Stanley Engineered Fastening (SEF) revealed intentions to invest in additive manufacturing technology in order to produce tools and fasteners that are specifically tailored for aircraft applications. More design flexibility and possibly lighter components are made possible by this.

Aerospace Riveting Equipment Market Segmentation

Aerospace Riveting Equipment Rivet Type Outlook

• Blind Rivet


• Semi- Tubular Rivet


• Solid Rivet


• Other Rivet Types

Aerospace Riveting Equipment Equipment Type Outlook

• Hydraulic Riveting Equipment


• Pneumatic Riveting Equipment


• Electric Riveting Equipment

Aerospace Riveting Equipment Mobility Outlook

• Fixed Equipment


• Portable Equipment

Aerospace Riveting Equipment Technology Outlook

• Automated Riveting Equipment


• Manual Riveting Equipment

Aerospace Riveting Equipment End Use Outlook

• Original Equipment Manufacturers (OEM)


• Maintenance, Repair, & Overhaul (MRO)

Aerospace Riveting Equipment Regional Outlook

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America