Global Riveting Equipment Market 2021-2025
Technavio has been monitoring the riveting equipment market and it is poised to grow by $ 112.99 mn during 2021-2025, progressing at a CAGR of 6% during the forecast period. Our report on riveting equipment market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the steady growth in demand for production of various automotive components and growth of the automotive industry in emerging economies and growing demand for home improvement products. In addition, steady growth in demand for production of various automotive components is anticipated to boost the growth of the market as well.
The riveting equipment market analysis includes the end-user segment, technology segment and geographical landscapes.
Technavio's riveting equipment market is segmented as below:
- Industrial gas turbine
- Construction machinery
By Geographical Landscapes
- North America
- South America
This study identifies the rising popularity of wireless battery charging technology for the power tools market as one of the prime reasons driving the riveting equipment market growth during the next few years. Also, the transition from Ni-Cd to Li-Ion battery technology and use of IoT for condition-based monitoring of power tools will lead to sizable demand in the market
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on riveting equipment market covers the following areas:
- Riveting equipment market sizing
- Riveting equipment market forecast
- Riveting equipment market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading riveting equipment market vendors that include Ace Rivet & Fastener Inc., BalTec Corp., Capmac Industry Srl, Constantin Hang Maschinen-Produktion GmbH, E Ding Co. Ltd., GESIPA Blindniettechnik GmbH, Howmet Aerospace Inc., Soartec Industrial Corp., Stanley Black & Decker Inc., and Wilhelm Bollhoff GmbH & Co. KG. Also, the riveting equipment market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.