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Markt für Nietgeräte für die Luft- und Raumfahrt – nach Geräten (hydraulische Nietgeräte, pneumatische Nietgeräte, elektrische Nietgeräte), nach Technologie (automatische Nietgeräte, manuelle Nietgeräte), nach Typ, nach Endverwendung und Prognose, 2024 – 2032


Published on: 2024-07-07 | No of Pages : 240 | Industry : Aerospace

Publisher : MRA | Format : PDF&Excel

Markt für Nietgeräte für die Luft- und Raumfahrt – nach Geräten (hydraulische Nietgeräte, pneumatische Nietgeräte, elektrische Nietgeräte), nach Technologie (automatische Nietgeräte, manuelle Nietgeräte), nach Typ, nach Endverwendung und Prognose, 2024 – 2032

Aerospace Riveting Equipment Market - By Equipment (Hydraulic Riveting Equipment, Pneumatic Riveting Equipment, Electric Riveting Equipment), By Technology (Automated Riveting Equipment, Manual Riveting Equipment), By Type, By End-Use & Forecast, 2024 – 2032

 

Aerospace Riveting Equipment Market Size

Aerospace Riveting Equipment Market was valued at over USD 110 million in 2023 and is estimated to register a CAGR of over 3.5% between 2024 and 2032. The rising demand for commercial and military aircraft worldwide is a significant driver for the aerospace riveting equipment industry

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As aircraft manufacturers strive to meet growing orders, they require advanced riveting equipment to streamline production processes and ensure aircraft structural integrity. Continuous advancements in riveting technology, such as automated riveting systems and robotic assembly solutions, enhance efficiency, accuracy, and productivity in aircraft manufacturing. Manufacturers invest in innovative riveting equipment to stay competitive and meet the demands of modern aerospace manufacturing processes. The aerospace manufacturing industry has made significant advancements in technology, such as laser riveting and friction stir welding. These innovations have fundamentally changed the methodology of constructing aircraft structures. Laser riveting involves the use of powerful lasers for precise joining, while friction stir welding is a solid-state welding technique that creates strong joints without melting materials.

For instance, in August 2023, Bond Technologies, Inc. launched the PM2 Friction Stir Welding machine, a unique solution for high-volume production with advanced features designed for small to medium-sized aluminum alloy parts, offering reliability and efficiency in demanding production environments.
 

Aerospace Riveting Equipment Market Report Attributes
Report Attribute Details
Base Year 2023
Aerospace Riveting Equipment Market Size in 2023 USD 110 Million
Forecast Period 2024 - 2032
Forecast Period 2024 - 2032 CAGR 3.5%
2032 Value Projection USD 160 Million
Historical Data for 2018 - 2023
No. of Pages 250
Tables, Charts & Figures 351
Segments covered Equipment, type, technology, end-use, and region
Growth Drivers
  • Increasing Aircraft Production
  • Emphasis on Lightweight Materials
  • Stringent Safety Regulations
  • Technological Advancements
  • Rising Demand for Retrofitting and Maintenance
Pitfalls & Challenges
  • Technological Obsolescence
  • Stringent Regulatory Compliance

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The aerospace industry is highly regulated, and riveting equipment must adhere to strict safety and quality standards. Failure to comply with regulations can result in costly fines, legal liabilities, and reputational damage. Keeping abreast of evolving regulatory requirements and ensuring equipment meets or exceeds standards is crucial to avoid compliance pitfalls. Failure to comply with regulations in the aerospace industry can lead to significant repercussions, including delays in project timelines and loss of customer trust. It's essential for manufacturers of riveting equipment to invest in continuous monitoring of regulatory changes, implement robust quality control measures, and prioritize adherence to safety standards to mitigate the risk of non-compliance and safeguard their reputation in the market.
 

Aerospace Riveting Equipment Market Trends

The aerospace industry is witnessing a trend towards greater automation in manufacturing processes, including riveting. Automated riveting systems offer improved efficiency, precision, and repeatability, leading to enhanced productivity and cost savings. Manufacturers are investing in robotic riveting solutions and smart technologies to streamline production and meet growing demand. In April 2022, ISOVOLTA AG acquired the Aviation and Aerospace business unit from Gurit Holding AG. The acquisition enabled the company to expand its business to produce advanced composite materials, composite manufacturing equipment, and core kitting services for the aerospace industry.
 

Sustainability is becoming increasingly important in aerospace manufacturing, driving a shift towards eco-friendly practices and materials. This trend extends to riveting equipment, with manufacturers exploring ways to minimize environmental impact through energy-efficient designs, recyclable materials, and waste reduction initiatives. Sustainable riveting solutions that align with industry sustainability goals are expected to gain traction in the market, reflecting a broader commitment to environmental stewardship in the aerospace sector. In addition to automation integration and sustainability, another prominent trend in the aerospace riveting equipment industry is the adoption of digitalization and data-driven solutions. Manufacturers are leveraging technologies such as IoT sensors, data analytics, and predictive maintenance to optimize operations, improve equipment performance, and reduce downtime, further enhancing productivity and efficiency in aerospace manufacturing processes.

Aerospace Riveting Equipment Market Analysis

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Based on the equipment, the market is segmented into hydraulic riveting equipment, pneumatic riveting equipment, electric riveting equipment. The hydraulic riveting equipment segment is estimated to register a CAGR of over 3.5% from 2024 to 2032.  Hydraulic systems offer high force and precision, making them ideal for aerospace applications where strong, reliable joints are critical. These systems are commonly used for assembling aircraft structures, including fuselage panels, wing components, and structural frames. With aerospace manufacturers prioritizing safety, quality, and efficiency, hydraulic riveting equipment continues to be a preferred choice for achieving robust and precise riveted joints in the production of commercial and military aircraft.

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Based on end-use, the market is segmented into original equipment manufacturers (OEM), maintenance, repair, and overhaul (MRO). The original equipment manufacturers (OEM), segment accounted for a market share of over 60% in 2023. OEMs are responsible for designing, manufacturing, and assembling aircraft and aerospace components, necessitating the use of high-quality riveting equipment to ensure structural integrity and safety. These companies have stringent requirements for riveting equipment, demanding precise, reliable, and efficient solutions to meet their production needs. As OEMs continue to innovate and introduce new aircraft models, the demand for advanced riveting equipment remains strong, driving the global market demand. OEMs often collaborate closely with riveting equipment manufacturers to develop customized solutions tailored to their specific requirements, further fueling market expansion and technological advancements.

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North America is growing significantly in the global market in 2023, accounting for a market share of over 33%. The aerospace riveting equipment market in North America is experiencing steady growth driven by increasing demand for commercial and military aircraft. With major aerospace manufacturers such as Boeing, Lockheed Martin, and Northrop Grumman operating in the region, there is a consistent need for advanced riveting equipment to support aircraft production and maintenance activities. Factors such as technological advancements in riveting technologies, growing investments in aerospace infrastructure, and stringent safety regulations are further propelling market growth. Additionally, the rising trend of lightweight materials usage in aircraft manufacturing is fueling the demand for high-performance riveting equipment capable of handling composite materials.

Aerospace Riveting Equipment Market Share

Northrop Grumman holds a significant market share in the aerospace riveting equipment industry. Northrop Grumman is a significant player in the market. While Northrop Grumman is primarily known for its expertise in designing and manufacturing aircraft, spacecraft, and defense systems, the company also contributes to the development and supply of riveting equipment and related technologies.

Major players, such as Lockheed Martin, Northrop Grumman, Parker Hannifin Aerospace, POP Aviation & Industrial, STANLEY, are constantly implementing strategic measures including geographical expansion, acquisitions, mergers, collaborations, partnerships, and product or service launches.

Aerospace Riveting Equipment Market Companies

Major players operating in the aerospace riveting equipment industry are

  • Airbus Helicopters
  • Avdel
  • Boeing Commercial Airplanes
  • Cherry Aerospace
  • Eaton Aerospace
  • GESIPA Aerospace
  • Henrob
  • Huck Aerospace
  • Lockheed Martin
  • Northrop Grumman
  • Parker Hannifin Aerospace
  • POP Aviation & Industrial
  • PSM Aerospace
  • STANLEY Engineered Fastening (SENCO)

Aerospace Riveting Equipment Industry News

  • In October 2023, GESIPA GBS 1000 launched its new battery-powered, semi-automatic blind rivet setter designed for lightweight and medium-duty applications. It features a brushless motor, ergonomic design, and intuitive user interface.

The aerospace riveting equipment market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Million) from 2018 to 2032, for the following segments

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Market, By Equipment

 

  • Hydraulic Riveting Equipment        
  • Pneumatic Riveting Equipment      
  • Electric Riveting Equipment 

Market, By Type

  • Blind Rivet
  • Semi-Tubular Rivet
  • Solid Rivet

Market, By Technology

  • Automated Riveting Equipment
  • Manual Riveting Equipment

Market, By End-use

  • Original Equipment Manufacturers (OEM)
  • Maintenance, Repair, and Overhaul (MRO)

The above information is provided for the following regions and countries

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • ANZ
    • Rest of Asia Pacific 
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America 
  • MEA
    • UAE
    • Saudi Arabia
    • South Africa
    • Rest of MEA

 

Table of Content

Report Content

Chapter 1   Methodology & Scope

1.1    Market scope & definitions

1.2    Base estimates & calculations

1.3    Forecast calculations

1.4    Data sources

1.4.1    Primary

1.4.2    Secondary

1.4.2.1    Paid sources

1.4.2.2    Public sources

Chapter 2   Executive Summary

2.1    Industry 3600 synopsis, 2018-2032

Chapter 3   Industry Insights

3.1    Industry ecosystem analysis

3.2    Profit margin analysis

3.3    Technology & innovation landscape

3.4    Patent analysis

3.5    Key news & initiatives

3.6    Regulatory landscape

3.7    Impact forces

3.7.1    Growth drivers

3.7.1.1    Increasing aircraft production

3.7.1.2    Emphasis on lightweight materials

3.7.1.3    Stringent safety regulations

3.7.1.4    Technological advancements

3.7.1.5    Rising demand for retrofitting and maintenance

3.7.2    Industry pitfalls & challenges

3.7.2.1    Technological obsolescence

3.7.2.2    Stringent regulatory compliance

3.8    Growth potential analysis

3.9    Porter’s analysis

3.9.1    Supplier power

3.9.2    Buyer power

3.9.3    Threat of new entrants

3.9.4    Threat of substitutes

3.9.5    Industry rivalry

3.10    PESTEL analysis

Chapter 4   Competitive Landscape, 2023

4.1    Introduction

4.2    Company market share analysis

4.3    Competitive positioning matrix

4.4    Strategic outlook matrix

Chapter 5   Market Estimates & Forecast, By Equipment, 2018-2032 (USD Million)

5.1    Key trends

5.2    Hydraulic riveting equipment

5.3    Pneumatic riveting equipment

5.4    Electric riveting equipment

Chapter 6   Market Estimates & Forecast, By Type, 2018-2032 (USD Million)

6.1    Key trends

6.2    Blind rivet

6.3    Semi- tubular rivet

6.4    Solid rivet

Chapter 7   Market Estimates & Forecast, By Technology, 2018-2032 (USD Million)

7.1    Key trends

7.2    Automated riveting equipment

7.3    Manual riveting equipment

Chapter 8   Market Estimates & Forecast, By End-Use, 2018-2032 (USD Million)

8.1    Key trends

8.2    Original equipment manufacturers (OEM)

8.3    Maintenance, repair, and overhaul (MRO)

Chapter 9   Market Estimates & Forecast, By Region, 2018-2032 (USD Million)

9.1    Key trends

9.2    North America

9.2.1    U.S.

9.2.2    Canada

9.3    Europe

9.3.1    UK

9.3.2    Germany

9.3.3    France

9.3.4    Italy

9.3.5    Spain

9.3.6    Russia

9.3.7    Rest of Europe

9.4    Asia Pacific

9.4.1    China

9.4.2    India

9.4.3    Japan

9.4.4    South Korea

9.4.5    ANZ

9.4.6    Rest of Asia Pacific

9.5    Latin America

9.5.1    Brazil

9.5.2    Mexico

9.5.3    Rest of Latin America

9.6    MEA

9.6.1    UAE

9.6.2    Saudi Arabia

9.6.3    South Africa

9.6.4    Rest of MEA

Chapter 10   Company Profiles

10.1    Airbus Helicopters

10.2    Avdel

10.3    Boeing Commercial Airplanes

10.4    Cherry Aerospace

10.5    Eaton Aerospace

10.6    GESIPA Aerospace

10.7    Henrob

10.8    Huck Aerospace

10.9    Lockheed Martin

10.10    Northrop Grumman

10.11    Parker Hannifin Aerospace

10.12    POP Aviation & Industrial

10.13    PSM Aerospace

10.14    STANLEY Engineered Fastening (SENCO)

  • Airbus Helicopters
  • Avdel
  • Boeing Commercial Airplanes
  • Cherry Aerospace
  • Eaton Aerospace
  • GESIPA Aerospace
  • Henrob
  • Huck Aerospace
  • Lockheed Martin
  • Northrop Grumman
  • Parker Hannifin Aerospace
  • POP Aviation & Industrial
  • PSM Aerospace
  • STANLEY Engineered Fastening (SENCO)

Table of Content

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Will be Available in the sample /Final Report. Please ask our sales Team.