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Aerospace Riveting Equipment Market Trends

  • Report ID: GMI8297
  • Published Date: Feb 2024
  • Report Format: PDF

Aerospace Riveting Equipment Market Trends

The aerospace industry is witnessing a trend towards greater automation in manufacturing processes, including riveting. Automated riveting systems offer improved efficiency, precision, and repeatability, leading to enhanced productivity and cost savings. Manufacturers are investing in robotic riveting solutions and smart technologies to streamline production and meet growing demand. In April 2022, ISOVOLTA AG acquired the Aviation and Aerospace business unit from Gurit Holding AG. The acquisition enabled the company to expand its business to produce advanced composite materials, composite manufacturing equipment, and core kitting services for the aerospace industry.

Sustainability is becoming increasingly important in aerospace manufacturing, driving a shift towards eco-friendly practices and materials. This trend extends to riveting equipment, with manufacturers exploring ways to minimize environmental impact through energy-efficient designs, recyclable materials, and waste reduction initiatives. Sustainable riveting solutions that align with industry sustainability goals are expected to gain traction in the market, reflecting a broader commitment to environmental stewardship in the aerospace sector. In addition to automation integration and sustainability, another prominent trend in the aerospace riveting equipment industry is the adoption of digitalization and data-driven solutions. Manufacturers are leveraging technologies such as IoT sensors, data analytics, and predictive maintenance to optimize operations, improve equipment performance, and reduce downtime, further enhancing productivity and efficiency in aerospace manufacturing processes.

Authors: Suraj Gujar, Sandeep Ugale

Frequently Asked Questions (FAQ) :

Market size for aerospace riveting equipment crossed USD 110 million in 2023 and is expected to register over 3.5% CAGR from 2024-2032 owing to the rising demand for commercial and military aircraft worldwide.

Aerospace riveting equipment industry from the hydraulic riveting equipment segment is expected to register over 3.5% CAGR from 2024-2032 due to offering high force and precision, making them ideal for aerospace applications where strong, reliable joints are critical.

North America industry for aerospace riveting equipment held over 33% share in 2023 and is expected to register a commendable CAGR from 2024-2032 due to the increasing demand for commercial and military aircraft in the region.

GESIPA Aerospace, Henrob, Huck Aerospace, Lockheed Martin, Northrop Grumman, Parker Hannifin Aerospace, POP Aviation & Industrial, PSM Aerospace, and STANLEY Engineered Fastening (SENCO), are some of the major aerospace riveting equipment companies worldwide.

Aerospace Riveting Equipment Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 14
  • Tables & Figures: 351
  • Countries covered: 22
  • Pages: 250
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