Riveting Machine Market Size, Share, Growth, and Industry Analysis, By Type (Impact Riveting, Orbital Riveting, Radial (Spiral form) Riveting, Roller form Riveting, Automatic Drilling and Riveting Machine), By Application (Precision Machinery, Hardware Tools, Textile Equipment, Steel Furniture and others), Regional Insights, and Forecast To 2031

Updated On: 08 April 2024

Riveting Machine Market Report Overview

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global riveting machine market size expanded rapidly in 2021 and the market is projected to grow substantially by 2031, exhibiting a prodigious CAGR during the forecast period.

A riveting machine is a machine used to join two or more pieces of material together by placing a rivet, which is a type of fastener, into pre-drilled holes in the materials and then deforming the end of the rivet to securely fasten the pieces together. They are typically used in manufacturing and construction industries to join metal plates, sheets, or other components. They can be either manual or automated and can come in a variety of sizes and configurations to meet the needs of different applications. The use of such a machine helps to ensure consistent and accurate placement of rivets, which results in a strong and secure bond between the materials.

They come in a variety of types, including hand-operated, pneumatic, and hydraulic. Hand-operated machines are typically used for small-scale projects, while pneumatic and hydraulic machines are used for large-scale projects in industrial settings. These machines can be equipped with different types of rivet heads, including bucking bars and air-powered guns, to suit different applications.

COVID-19 Impact: Pandemic Decreased the Market Demand

The COVID-19 pandemic has caused significant disruptions to various industries, including the riveting machine market. The pandemic led to a global economic slowdown, causing a decrease in consumer spending and investment in construction and industrial projects. This decline in demand for construction and industrial products resulted in a decrease in the demand for such equipment, as they are commonly used in these applications. Additionally, the pandemic resulted in the shutdown of many manufacturing facilities, leading to supply chain disruptions and further reducing the availability of such machines. The limitations on the movement of goods and materials also impacted their distribution, making it more difficult for customers to purchase these machines. Overall, the COVID-19 pandemic has had a negative impact on the riveting machine market growth, as the decline in demand for construction and industrial products and the disruptions to the supply chain have led to a decrease in sales of these machines.

Latest Trends

"Addition of multi-functionality into the machines are expected to fuel the growth in the market"

The trend towards multi-functional riveting machines is becoming increasingly popular in the riveting machine market. These machines are designed to perform multiple tasks, such as drilling, tapping, and riveting, all in one compact unit. This allows manufacturers to reduce the number of separate machines required on a job site and increase overall efficiency, as operators only need to operate one machine instead of several separate units. Multi-functional riveting machines are especially useful in small-scale projects, where space is limited and the use of multiple machines is not practical. These machines are also ideal for use in confined spaces, where their compact design makes them suitable for use in tight spaces. Another advantage of multi-functional riveting machines is that they reduce the number of operators required on a job site, as one operator can operate multiple machines at the same time. This helps to reduce labour costs and improve efficiency, as operators can complete multiple tasks more quickly and with fewer errors.

Riveting Machine Market Segmentation

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• By Type Analysis

According to type, the market can be segmented into impact riveting, orbital riveting, radial (spiral form) riveting, roller form riveting, automatic drilling and riveting machine.

• By Application Analysis

Based on application, the market can be divided into precision machinery, hardware tools, textile equipment, steel furniture and others.

Driving Factors

"Increase in construction and industrial activities to foster the market growth"

The construction and industrial sectors are among the largest consumers of riveting machines, and growth in these industries is driving growth in the riveting machine market. As the world continues to urbanize, demand for new buildings and infrastructure is increasing, which is driving investment in construction projects. The growing demand for new buildings and infrastructure is resulting in increased demand for riveting machines, as these machines are used to assemble and secure the components of these structures. The industrial sector is also a major user of riveting machines, and growth in this sector is driving demand for these machines.

"Adoption of automation and digitalization to result in the expansion of the market"

The trend towards automation and digitalization is increasing in the riveting machine market, as manufacturers seek to improve the efficiency, accuracy, and consistency of their production processes. Automated riveting machines are capable of performing a variety of tasks, such as drilling, tapping, and riveting, in a precise and consistent manner. This results in increased production speed, reduced errors, and improved quality of the final product. In addition, digitalization is playing a key role in the riveting machine market, as manufacturers seek to incorporate digital technologies into their machines to improve the overall efficiency of their production processes.

Restraining Factors

"Difficulty in maintenance and repair to hamper the market growth"

Riveting machines are complex machines that require specialized knowledge and skills to maintain and repair. These machines can be difficult to access for maintenance, and many of the parts are hard to replace, which can result in long downtime periods for maintenance. The complexity of these machines, combined with the shortage of skilled labour in the market, can make it difficult for customers to find the necessary expertise to keep their machines running smoothly. This difficulty in maintenance and repair can result in increased costs, longer downtime periods, and lower production efficiency. In addition, many of the components used in riveting machines are subjected to high levels of stress and wear and tear, which can result in frequent breakdowns and repairs. This high level of maintenance and repair can be a significant barrier to entry for customers who are looking to purchase such machines, as they may opt for more reliable and easier to maintain machines.

Riveting Machine Market Regional Insights

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"Asia Pacific to lead the market owing to some of the largest construction and industrial market in the world"

The Asia Pacific region is expected to show significant growth in the riveting machine market share, due to the rapidly growing economies in countries such as China, India, and Japan. These countries are among the largest markets for construction and industrial products, and the increasing investment in these sectors is driving the demand for riveting machines. In addition, the increasing demand for high-quality and reliable fastening solutions, especially in the automotive and aerospace industries, is also driving growth in the riveting machine market in the Asia Pacific region.  

Key Industry Players

"Key players are employing advanced technologies in order to stimulate further growth of the market."

All the major players are motivated to offer superior and more advanced services in order to gain a competitive edge in the market. To increase their market presence, vendors are using a variety of techniques, including product launches, regional growth, strategic alliances, partnerships, mergers, and acquisitions.

List of Market Players Profiled

• Baltec
• Orbitform
• Chicago Rivet & Machine Co
• National Rivet & Manufacturing Co
• AGME Automated Assembly Solutions
• S. Dunkes GmbH
• Edward Segal Inc
• Superior Rivet Machines
• IRIVET
• Atoli
• Orbital Systems

Report Coverage

This report examines an understanding of the riveting machine market’s size, share, growth rate, segmentation by type, application, key players, and previous and current market scenarios. The report also collects the market’s precise data and forecasts by market experts. Also, it describes the study of this industry’s financial performance, investments, growth, innovation marks, and new product launches by the top companies and offers deep insights into the current market structure, competitive analysis based on key players, key driving forces, and restraints that affect the demand for growth, opportunities, and risks.

Furthermore, the post-COVID-19 pandemic’s effects on international market restrictions and a deep understanding of how the industry will recover, and strategies are also stated in the report. The competitive landscape has also been examined in detail to provide clarification of the competitive landscape.

This report also discloses the research based on methodologies that define price trend analysis of target companies, collection of data, statistics, target competitors, import-export, information, and previous years’ records based on market sales. Moreover, all the significant factors which influence the market such as small or medium business industry, macro-economic indicators, value chain analysis, and demand-side dynamics, with all the major business players have been explained in detail. This analysis is subject to modification if the key players and feasible analysis of market dynamics change.