Global Rivet Gun Market: Introduction
Riveting is a method for making a permanent mechanical joint between two structures. Rivet guns are tools used to drive the rivets through the structure to be joined. Rivet guns are available in a variety of shape and size depending on application. Rivet guns can be either pneumatic powered or electric powered. Pneumatic powered rivet guns are generally used for steel applications. For industrial applications pneumatic powered rivet guns are commonly used. Riveting is an effective mechanical joint providing required strength and efficiency, hence generally preferred in most of the manufacturing processes. Rivet guns are expected to gain significant traction as they increase efficiency and optimize plant operations.
Global Rivet Gun Market: Market Dynamics
Manufacturing sector has witnessed significant growth over the past couple of years driven by socio-economic trends such as urbanization, increasing number of affluent population, and positive economic growth. Booming manufacturing sector is expected to significantly drive the growth of rivet gun market. Moreover, another prominent factor which is expected to significantly drive the demand for river guns is the growth of automotive and aerospace industry. The growing tourism industry coupled with shifting trend towards air travel is compelling airline companies to increase fleet size. This in turn is set to drive the growth of aircraft manufacturing hence increasing the demand for rivet guns. Over the past couple of years automotive industry across the globe has observed steady growth due to increasing demand of commercial vehicles and passenger cars, these trend is expected to continue during the forecast period, hence driving the growth of rivet guns market.
Global Rivet Gun Market: Segmentation
The global Rivet Gun market on the basis of power type can be segmented as:
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The global Rivet Gun market on the basis of product type can be segmented as:
The global Rivet Gun market on the basis of end-use can be segmented as:
Global Rivet Gun Market: Regional Outlook
Asia Pacific is expected to be a noticeable region in the global rivet gun market, further the region is expected to witness robust growth over the coming years primarily owing to high economic growth backed by favorable government policies and initiatives supporting the manufacturing sector. Moreover, rapid industrialization, increasing disposable income of the middle class population in the countries such as, China, India, Indonesia and Philippians is expected to drive the growth of rivet gun market in the region. China is expected to significant share in the global rivet gun market owing manufacturing base and automotive industry in the country. Manufacturing sector in India is set to witness healthy growth backed by favorable government initiative, such as “Make in India” initiative, which in turn will drive the demand of rivet gun in the near future. North America rivet gun market is expected to witness healthy growth during the forecast period driven by recovery in construction and automotive industry. Europe is expected to have moderate growth during the forecast period. Regions such as Middle East & Africa and Latin America are expected to create new horizon for the growth of rivet gun market. Middle East & Africa backed by growing petrochemical industry, oil & gas and construction industry is expected to contribute towards the growth of rivet gun market during the forecast period. Latin America backed by positive economic growth, favorable policies driving manufacturing sector and increasing foreign direct investment in the region is expected to drive the growth of rivet gun market during the forecast period.
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Global Rivet Gun Market: Key Players
Examples of some of the key players identified in the global Rivet Gun market are as follows: