Projections on the horizon spotlight the trajectory of the global rivet gun market, poised to ascend to a valuation of US$ 799.9 million as the forecast period culminates. This upward journey is underlined by a robust Compound Annual Growth Rate (CAGR) of 6.1% in terms of value. The resounding demand for pneumatic rivet guns and the surging prevalence of online sales platforms for these tools collectively emerge as catalytic forces set to remarkably whet the global market’s appetite for rivet guns.
This comprehensive report unveils a compendium of insights that encapsulate a decade’s worth of market trends, competitive projections, recent strides, and the evolving landscape within the global rivet gun market, spanning from 2018 to 2028. As industries evolve and needs diversify, this study provides a compass to navigate the ever-changing terrain of the rivet gun market.
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Evolving Landscape: Concentration, Preferences, and Demand Trends in the Rivet Gun Industry
The rivet gun sector remains characterized by a notable level of concentration, with dominant players commanding a substantial share of market revenue. As the demand for power tools continues to evolve, manufacturers are diligently developing equipment that embodies high power output, durability, and user-friendly attributes.
Despite the growing demand for battery-driven and pneumatic rivet guns, it is projected that manual or hand-operated rivet guns will maintain their dominance, accounting for over half of all rivet gun sales during the envisioned period, as outlined by the FMI report.
Manual and hand-operated rivet guns, owing to their lower cost, maintain a comparatively smaller revenue share than their pneumatic and battery-driven counterparts, according to FMI’s pricing study. However, the augmented functional efficiency exhibited by pneumatic and battery-powered rivet guns is expected to contribute to their increased demand across diverse sectors.
The need for pneumatic rivet guns is poised to experience continued growth, as highlighted by the FMI report. In 2018, pneumatic rivet guns accounted for over half of the global revenue in this domain. The surge in sales of pneumatic rivet guns can be attributed to their enhanced functional efficiency and reduced time consumption.
Distribution Dynamics and Regional Trends in the Rivet Gun Market
In 2018, traditional offline distribution channels played a pivotal role, constituting more than 60% of the total rivet gun sales. The FMI study underscores that the reliability associated with such purchases continues to attract end-users. Moreover, the firm grip maintained by distributors in the offline domain further fuels the heightened sales of rivet guns through this channel.
The study also illuminates the escalating trend of rivet gun sales through online distribution platforms. Anticipated to grow at an impressive 4.8% year-on-year in 2019, this trajectory is projected to persist. The surge in popularity and the augmented reliability of online sales platforms are the key drivers behind this growing preference.
The demand for rivet guns demonstrates its stronghold in North America and Western Europe, jointly commanding over 40% of the total sales in 2018. The thriving end-user industries in these regions remain instrumental in propelling the revenue stream of the rivet gun market.
Amidst the backdrop of rapid urbanization, infrastructural advancement, and an improving economic landscape, demand for rivet guns is set to surge in developing economies. The FMI study projects significant growth in demand across India, China, and the Southeast Asia & Pacific region. Sales in these areas are forecasted to experience over a 5% year-on-year increase in 2019.
Key Players:
Some of the key manufacturers covered in this study on the global rivet gun market are GESIPA Blindniettechnik GmbH, Arconic Inc. Atlas Copco AB, Stanley Black & Decker, Inc., Rivetec s.r.o., Malco Products, SBC, Degometal, Fastening Systems International Inc., Ingersoll-Rand plc, LOBTEX Co., Ltd., JPW Industries Inc, Honsel Umformtechnik GmbH, FAR, Campbell Hausfeld and Astro Pneumatic Tool Company.
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Rivet Gun Market: Segmentation
On the basis of product type, the global Rivet Gun market has been segmented into:
- Pneumatic Rivet Guns
- Manual or Hand Operated Rivet Guns
- Battery Operated Rivet guns
On the basis of capacity, the global Rivet Gun market has been segmented into:
- Light duty Rivet Guns (less than 3mm)
- Medium duty Rivet Guns (3-5 mm)
- Heavy Duty Rivet Guns (> than 5mm)
On the basis of operation type, the global Rivet Gun market has been segmented into:
- Pop Riveting
- Slow Hitting
- Fast Hitting
On the basis of distribution channel, the global Rivet Gun market has been segmented into:
- Online Sales
- Offline Sales (Retailers, Distributors)
On the basis of end use, the global Rivet Gun market has been segmented into:
- Automotive & Transportation
- General Manufacturing
- Electronics
- Building & Construction
- Others
On the basis of region, the global Rivet Gun market has been segmented into:
- North America
- Latin America
- Western Europe
- Eastern Europe
- South East Asia & Pacific
- Middle East & Africa
- China
- India
- Japan
About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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