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
Published Date: February - 2025 | Publisher: MRA | No of Pages: 240 | Industry: Aerospace | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationAerospace 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 - 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
To get key market trends
Aircraft manufacturers are facing a surge in orders, so they need better machines to speed up assembly while building airplanes that are safe and sturdy. Riveting technology has come a long way, with automated machines and robots that can put together planes more quickly and precisely. Companies are investing in new, cutting-edge riveting equipment to stay ahead of the game and keep up with the fast-paced aerospace industry. The industry has seen incredible advances in technology, like laser riveting and friction stir welding. These innovations have revolutionized the way airplanes are built. Laser riveting uses lasers to create precise, strong connections, while friction stir welding joins materials without melting them, creating super-strong bonds.
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.
| 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 |
|
| Pitfalls & Challenges |
|
What are the growth opportunities in this market?
Human-Readable Version The aerospace industry has some serious rules to follow. And if you're making the equipment that rivets planes together, you better make sure it meets those strict safety and quality guidelines. It's not just a matter of following the rules - it's about protecting your reputation. If your equipment doesn't measure up, you're going to face some hefty fines, lawsuits, and a whole lot of bad press. Not to mention, your projects could get delayed, and customers might lose Vertrauen in your products. That's why it's so important to stay on top of the latest regulations and make sure your equipment is always up to par. You need to keep a close eye on things, check your quality control, and put safety first. By doing these things, you can avoid the dangers of not following the rules and protect your company's good name.
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 a big deal in how we make planes and rockets. We're trying to use stuff that doesn't hurt the environment and build things that don't waste a lot of energy. This includes the machines we use to put pieces of the plane together, like rivets. Companies are finding ways to make these machines use less energy, use materials that can be turned into something else later, and not make as much garbage. This is important because the aerospace industry wants to be more eco-friendly. Another cool thing that's happening in the riveting world is that we're using more computers and data. We put sensors on the machines to tell us how they're doing, and then we use that data to make things run smoother. This helps us make better parts faster, with less downtime and waste.
Aerospace Riveting Equipment Market Analysis
Learn more about the key segments shaping this market
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.
Learn more about the key segments shaping this market
The market for riveting equipment is divided into three main types of buyers1. Original Equipment Manufacturers (OEMs) OEMs are the companies that build airplanes and spacecraft. They use riveting equipment to ensure that the planes are safe and strong. In 2023, OEMs bought over 60% of all riveting equipment. They need equipment that is precise, reliable, and fast. As OEMs continue to design new aircraft, they will need more riveting equipment. 2. Maintenance, Repair, and Overhaul (MRO) MRO companies fix and maintain airplanes and spacecraft. They use riveting equipment to replace rivets that have worn out or been damaged. MRO companies are a smaller market for riveting equipment than OEMs, but they are still important. 3. Replacement Market The replacement market is made up of companies that buy riveting equipment to replace old or broken equipment. The replacement market is a steady source of demand for riveting equipment.
Looking for region specific data?
Hey there! In 2023, North America is making a big splash in the world market for aircraft riveting equipment. They've got a whopping 33% of the pie, and it's only growing bigger. Why? Well, there's a serious demand for new planes, both for commercial airlines and the military. And who's making these planes? Giants like Boeing, Lockheed Martin, and Northrop Grumman are busy bees right here in North America. That means they need top-notch riveting equipment to keep their planes in tip-top shape. Plus, we're seeing some cool advancements in riveting tech. We're talking new composite materials that make planes lighter and stronger. And with all the safety rules in place, these planes need to be built just right. So, there's a huge demand for equipment that can handle these new materials and meet all those standards.
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
Click here to Buy Section of this Report
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)
Related Reports
FAQ'S
For a single, multi and corporate client license, the report will be available in PDF format. Sample report would be given you in excel format. For more questions please contact:
Within 24 to 48 hrs.
You can contact Sales team (sales@marketinsightsresearch.com) and they will direct you on email
You can order a report by selecting payment methods, which is bank wire or online payment through any Debit/Credit card, Razor pay or PayPal.
Discounts are available.
Hard Copy