Aerospace Riveting Equipment Market Size, Share and Industry Analysis, By Product Type (Hydraulic, Electric, and Pneumatic), By Rivet Type (Blind Rivet, Semi-Tubular Rivet, Solid Rivet, and Other Rivet Types), By Mobility (Fixed Equipment and Portable Equipment), By Technology (Automated Riveting and Manual Riveting), By Platform (Commercial Aircraft, Military Aircraft, Satellite Launch Vehicle, and Others), By End Use (OEM and MRO), and Regional Forecast, 2024-2032

The global Aerospace Riveting Equipment Market is seeing remarkable growth, with a significant CAGR forecasted throughout the period up to 2032. Aerospace riveting equipment refers to equipment specifically designed for joining and fastening components in aircraft using rivets. Rivets are permanent fasteners crucial for connecting two pieces of metal in aerospace applications. They are essential for connecting two pieces of metal in aerospace applications. This equipment plays a crucial role in the production, assembly, and upkeep of aircraft's structural integrity. Riveting provides cost-effectiveness, simplicity, strength, and lightweight construction, all of which are crucial for aerospace applications. It allows for easier inspection and maintenance, which ensures durability in harsh conditions. Rivets provide flexibility in material and configuration, enabling efficient assembly due to their speed and resistance to vibration. Their lightweight nature aids in aircraft weight reduction, while their corrosion-resistant materials prevent degradation.

The aerospace riveting equipment market is driven by significant factors, such as the rising demand for aircraft globally and by increase in air travel, resulting in the requirement for sophisticated riveting equipment for aircraft assembly. Technological advancements in aerospace manufacturing, such as intelligent automation and enhanced precision, are facilitating market expansion. The continued growth of the global air travel industry is also a significant factor, increasing the demand for aerospace riveting solutions. Furthermore, the industry's emphasis on lightweight and fuel-efficient aircraft, driven by environmental concerns and regulations, is boosting demand for riveting equipment. Additionally, the expansion of the commercial and military aircraft fleet, which requires ongoing Maintenance, Repair, and Overhaul (MRO) activities, further contributes to the demand for aerospace riveting equipment innovation in aerospace manufacturing processes.

Key Insights

The report covers the following key insights:

• The report analyzes a detailed overview of the industry, including qualitative and quantitative information.


• It analyzes an overview and forecast of the aerospace riveting equipment market at the platform level.


• The report also analyzes comprehensive supply chain analysis at a global level. The market will be further distributed at regional and country levels.

Segmentation

Analysis by Product Type:

By product type, the market is divided into hydraulic, electric, and pneumatic. The pneumatic segment held the dominant market share due to the cost-effectiveness and lightweight of the pneumatic riveter, as they use compressed air to perform the riveting process. The high level of precision offered by the pneumatic riveter also supports the market growth. The electric riveting equipment growth is driven by the surging demand for eco-friendly riveting solutions.

Regional Analysis

The aerospace riveting equipment market is geographically segmented into North America, Europe, Asia Pacific, and the Rest of the World. North America leads the global market with a significant share, benefiting from its established aerospace industry leadership and the presence of key defense and aerospace players. This region is expected to experience further growth, especially in advanced automation and defense applications. However, Asia Pacific is experiencing significant market expansion driven by rising demand for cutting-edge avionics and the aerospace industry's growth in countries, such as China and India. Europe stands out for its focus on sustainable semiconductor solutions, which leverage the presence of major aerospace companies. Other regions, such as the Middle East and Latin America, are also contributing to market growth, although at a slower rate, reflecting the diverse regional dynamics shaping the aerospace riveting equipment market.

Key Players Covered

• AeroExpo


• Monroe Aerospace


• GESIPA Blindniettechnik GmbH


• Cherry Aerospace


• Fastening Systems International, Inc


• Arconic Fastening Systems


• Boltun Corporation, Ltd


• Apex Tool Group, LLC


• Brown Aviation Tool Company


• Orbitform

Key Industry Developments

• In April 2024, JRP, a specialized riveting brand, provided an extensive assortment of superior blind rivets, rivet nuts, and tooling. With over 1,200 lines already in the range, the range is extensive. The addition of multiple ranges of closed-body rivet nuts provides additional options for manufacturers looking for a sealed end, which will prevent water ingress. Additionally, two new rivet nut setting tools have been added to assist with setting the JK nuts.


• In January 2024, Rivit Srl, an Italian industrial fastener specialist, introduced a new line of battery-powered riveting tools featuring powerful brushless motors and long-lasting batteries. These riveters are specifically designed to set blind rivets and rivet nuts of different sizes and materials in a wide range of settings. They offer the versatility needed to meet the needs of both professionals and DIYers.


• In October 2023, Stanley Black and Decker brand DEWALT launched two new cordless, brushless rivet tools for fastening aluminum, steel, and stainless steel blind rivets.


• In October 2023, Bosch Power Tools announced the launch of 17 new power tools in 2023, adding innovations to the brand's growing CORE18V platform.  The brand's latest offerings include Cutting Solutions, Saw and Saw Accessories, Concrete and Masonry Solutions, Rotary Hammers & Attachments, Fastening and Driving Solutions, Rivet Solutions, Batteries and Starter Kits.


• In June 2023, recent riveting technologies include the RA-NCD CNC-controlled riveting machine, which can automatically head multiple rivet points in sequence at various heights and locations. The tactile HMI is intuitive to operate and is intuitive to operate. Users are free to create, copy, edit, and delete riveting programs without having specific programming knowledge. Control is carried out using a standard Siemens PLC, which manages programs and machine signals and tells the servomotors the exact location of each riveting operation.