- Riveting is a technology used in fabrication processes. A riveting equipment is used for high-end joining of two components.
- Pressed, radial, and orbital are some of the well-known mechanisms used in the industrial sector. Among these, radial riveting is one of the significantly employed technologies, as it furnishes high-quality joints with less input force and reduced process duration.
- Automated riveting provides greater consistency, increases productivity and is also cost effective than manual riveting.
- Prices of pneumatic riveting equipment are estimated to decrease in the next few years, which is attributable to emergence of battery-powered riveting equipment
- Higher efficiency of the pneumatic riveting equipment is likely to increase the replacement rate of the product. Though, the replacement rate is anticipated to be low for the aerospace industry in the next couple of years, as large scale companies have pre-installed infrastructure for use of pneumatic equipment.
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Global Riveting Equipment Market: Dynamics
- Rising demand from the metal processing sector is considered to be a key factor driving the global riveting equipment market
- Growing industrial activities and improvement in manufacturing and assembling processes in various end-user industries in different countries are expected to augment the demand for riveting equipment during the forecast period
- Growing concerns about effective and efficient operations, robust structure of riveting equipment, and precise operational accuracy of riveting equipment in metal-processing operations are expected to drive the global riveting equipment market during the forecast period
- Moreover, technological upgrade in the manufacture of riveting equipment and considerable growth of the industrial sector in East Asia and South Asia are expected to create immense opportunities for the global riveting equipment market during the forecast period
- However, lack of skilled labor and proper training is expected to restrain the global riveting equipment market during the forecast period
- Moreover, high costs associated with development of the riveting technology and time-consuming process for production of riveting equipment are anticipated to restrain the global riveting equipment market in the next few years.
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