Global Riveting Tool Market Overview
The Riveting Tool Market Size was estimated at 1.70 (USD Billion) in 2024. The Riveting Tool Market Industry is expected to grow from 1.75 (USD Billion) in 2025 to 2.29 (USD Billion) by 2034. The Riveting Tool Market CAGR (growth rate) is expected to be around 3.1% during the forecast period (2025 - 2034).
Source Primary Research, Secondary Research, MRFR Database and Analyst Review
Key Riveting Tool Market Trends Highlighted
Other forces stimulating the riveting tool market include the high consumption of light metals in industries like automobile and aircraft manufacture, the growing trend of automation in production assembly and increasing construction works. New opportunities are associated with self-piercing rivets and flow drill rivets, the development of which allows for increased joining technology. Recently, development has been noted in the growing number of users that employ cordless riveting tools due to improvements in portability and ease of use, battery technology increasing duration and power, and provision of sensors and IoT technology for data capturing and predictive maintenance.
Riveting Tool Market Drivers
Growing Demand for Lightweight and Fuel-Efficient Vehicles
The increasing demand for lightweight and fuel-efficient vehicles is a major driver of the riveting tool market. Riveting is a widely used joining technique in the automotive industry, particularly for assembling lightweight materials such as aluminum and composites. The use of riveting tools helps reduce vehicle weight, improve fuel efficiency, and enhance overall performance. As the demand for fuel-efficient and environmentally friendly vehicles continues to rise, the market for riveting tools is expected to witness significant growth.
Expansion of the Aerospace Industry
The expanding aerospace industry is another key driver of the riveting tool market. Riveting is a critical joining method in aircraft manufacturing, as it provides secure and reliable connections between different aircraft components. The increasing production of commercial and military aircraft, coupled with the growing demand for aircraft maintenance and repair services, is driving the demand for riveting tools in the aerospace industry.
Advancements in Riveting Technology
Technological advancements in riveting tools are contributing to the growth of the riveting tool market. Manufacturers are continuously innovating and developing new riveting tools that offer improved performance, efficiency, and versatility. These advancements include the development of cordless riveting tools, automated riveting systems, and advanced riveting techniques. These innovations are making riveting processes more efficient and cost-effective, which is driving the adoption of riveting tools across various industries.
Riveting Tool Market Segment Insights
Riveting Tool Market Power Insights
The Riveting Tool Market is segmented by power into manual, electric, and pneumatic. Among these, the electric segment is expected to dominate the market in the coming years due to its high efficiency, precision, and ease of use. The electric riveting tool market is projected to grow from USD 0.6 billion in 2023 to USD 0.9 billion by 2032 at a CAGR of 4.5%. The pneumatic segment is also expected to witness significant growth during the forecast period due to its affordability and portability. The pneumatic riveting tool market is projected to grow from USD 0.5 billion in 2023 to USD 0.7 billion by 2032 at a CAGR of 3.8%.The manual riveting tool segment is expected to hold a smaller share of the market due to its lower efficiency and precision compared to electric and pneumatic tools. However, the manual segment is still expected to witness some growth during the forecast period, primarily due to its low cost and ease of use in certain applications. The manual riveting tool market is projected to grow from USD 0.4 billion in 2023 to USD 0.5 billion by 2032 at a CAGR of 2.5%. Overall, the Riveting Tool Market is expected to grow at a CAGR of 3.5% during the forecast period from 2023 to 2032, driven by the increasing demand from the automotive, construction, and aerospace industries.
Source Primary Research, Secondary Research, MRFR Database and Analyst Review
Riveting Tool Market Capacity Insights
The riveting tool market is segmented by capacity into 'Less than 3mm', '3-6mm', '6-9mm', and 'Above 9mm'. The '3-6mm' segment is expected to account for the largest share of the market in 2023, with a valuation of around 0.68 billion USD. This is due to the high demand for riveting tools in this capacity range for various applications in industries such as automotive, aerospace, and construction. The 'Less than 3mm' segment is expected to grow at the highest CAGR of 3.5% during the forecast period, owing to the increasing adoption of micro-riveting techniques in the electronics industry.The '6-9mm' and 'Above 9mm' segments are also expected to witness steady growth, driven by the rising demand for high-capacity riveting tools in heavy industries such as shipbuilding and infrastructure development.
Riveting Tool Market Jaw Type Insights
Riveting Tool Market segmentation plays a vital role in understanding various dynamics of the industry. Among different segments, the Jaw Type segment holds significant importance. It comprises three major sub-segments Straight, Offset, and Compound. Straight jaw type riveting tools are widely used in general applications due to their versatility and ease of use. They offer precise alignment and are suitable for a wide range of materials. The Riveting Tool Market revenue for the Straight jaw type is projected to reach USD 1.2 billion by 2024, exhibiting a steady growth rate.Offset jaw type riveting tools are designed for specific applications where access to the workpiece is limited. They allow for better visibility and control, making them ideal for confined spaces. The Riveting Tool Market data suggests that the Offset jaw type segment is expected to grow at a CAGR of 4.5% over the forecast period, reaching a valuation of USD 0.6 billion by 2024. Compound jaw type riveting tools combine the features of both Straight and Offset jaw types. They offer greater flexibility and can handle a variety of riveting tasks.The Riveting Tool Market statistics indicate that the Compound jaw type segment is anticipated to witness a moderate growth rate, with a projected revenue of USD 0.4 billion by 2024. Overall, the Jaw Type segment is a key driver of growth in the Riveting Tool Market industry. The diverse applications and specific advantages of each jaw type contribute to the overall market expansion.
Riveting Tool Market End-Use Industry Insights
The Riveting Tool Market is segmented into various end-use industries, including automotive, electronics, construction, and aerospace. Each segment exhibits unique characteristics and growth dynamics. The automotive industry is a significant consumer of riveting tools, primarily driven by the increasing production of vehicles. The rising demand for lightweight and fuel-efficient vehicles has led to the adoption of riveting techniques for joining different components, such as body panels and chassis frames. The Riveting Tool Market in the automotive industry is estimated to reach USD 780 million by 2024, growing at a CAGR of 3.5%.The electronics industry is another major end-use segment, where riveting tools are used for assembling printed circuit boards (PCBs) and electronic components. The miniaturization of electronic devices and the growing popularity of wearable technology have fueled the demand for precision riveting tools. The Riveting Tool Market in the electronics industry is projected to grow to USD 450 million by 2024, with a CAGR of 4.2%. The construction industry also presents a substantial market opportunity for riveting tools. Riveting is widely used in the construction of metal structures, such as bridges, buildings, and infrastructure projects.The increasing urbanization and infrastructure development worldwide are expected to drive the demand for riveting tools in this segment. The Riveting Tool Market in the construction industry is anticipated to reach USD 320 million by 2024, exhibiting a CAGR of 3.0%. The aerospace industry is a specialized segment where high-performance riveting tools are required for joining critical aircraft components. The demand for riveting tools in this segment is influenced by factors such as increased aircraft production, maintenance, and repair activities.The Riveting Tool Market in the aerospace industry is projected to grow to USD 200 million by 2024, with a CAGR of 2.8%. Overall, the segmentation of the Riveting Tool Market into end-use industries provides insights into the specific applications and growth drivers within each segment. This information is valuable for market participants in understanding the potential opportunities and tailoring their strategies accordingly.
Riveting Tool Market Additional Features Insights
Adjustable stroke, depth control, and LED illumination are additional features that can enhance the functionality of riveting tools. Adjustable stroke allows users to control the depth of the rivet, while depth control ensures consistent and accurate riveting. LED illumination provides better visibility in low-light conditions. These features can improve productivity and efficiency, making them valuable additions to riveting tools. The Riveting Tool Market is expected to grow from USD 1.6 billion in 2023 to USD 2.1 billion by 2032, exhibiting a CAGR of 3.06% during the forecast period.The increasing demand from various industries, including automotive, construction, and electronics, is driving the growth of the market. The growing adoption of lightweight materials and the need for efficient and reliable riveting solutions are also contributing to the market's expansion.
Riveting Tool Market Regional Insights
The Riveting Tool Market is segmented by region into North America, Europe, APAC, South America, and MEA. North America held the largest market share in 2023 and is projected to continue to lead the market throughout the forecast period. The growth in the North American market is attributed to the increasing demand for riveting tools in the automotive and construction industries. Europe is the second-largest market for riveting tools and is expected to experience steady growth in the coming years. The APAC region is expected to witness the fastest growth in the riveting tool market due to the increasing industrialization and urbanization in the region.South America and MEA are expected to experience moderate growth in the riveting tool market, as these regions are still developing.
Source Primary Research, Secondary Research, MRFR Database and Analyst Review
Riveting Tool Market Key Players And Competitive Insights
Major players in the Riveting Tool Market are constantly innovating and developing new products to meet the evolving needs of customers. The Riveting Tool Market industry is highly competitive, with several leading players vying for market share. These players are investing heavily in research and development to create innovative and advanced products that cater to the specific requirements of various industries. The competitive landscape is expected to remain intense in the coming years as companies strive to gain a competitive edge.Atlas Copco is a leading player in the Riveting Tool Market. The company offers a wide range of riveting tools, including pneumatic, hydraulic, and electric models. Atlas Copco's tools are known for their durability, reliability, and precision. The company has a strong presence and serves customers in a variety of industries, including automotive, aerospace, and construction. Atlas Copco is committed to providing innovative and high-quality products that meet the needs of its customers.Stanley Black & Decker is another major player in the Riveting Tool Market. The company offers a comprehensive line of riveting tools, including manual, electric, and pneumatic models. Stanley Black & Decker's tools are designed to meet the needs of a wide range of users, from DIY enthusiasts to professional contractors. The company has a strong distribution network and serves customers in over 100 countries. Stanley Black & Decker is focused on providing innovative and affordable products that help users get the job done right.
Key Companies in the Riveting Tool Market Include
- Cherokee Tool
- Bostik
- Textron Fastening System
- Havelock Screw Machine Products
- NewcorBay
- Marson Corporation
- DeWalt
- Aven Tools
- ITW Construction Product
- Hydro Rivet Tool
- Eaton
- Eclipse Tool
- Scellit
- Gesipa Blind Riveting
- Stanley Black Decker
Riveting Tool Market Industry Developments
The riveting tool market is projected to reach USD 2.1 billion by 2032, exhibiting a CAGR of 3.06% during the forecast period (2025-2034). The growth of the market is attributed to the increasing demand for lightweight and durable materials in various industries, such as automotive, construction, and aerospace. The adoption of advanced riveting technologies, such as ultrasonic riveting and self-piercing riveting, is also contributing to the market growth. Additionally, the rising demand for automated riveting systems to enhance productivity and reduce production costs is driving the market. Recent developments in the market include the launch of new products with improved features, such as higher riveting speed and greater precision. Key players in the market are focusing on strategic partnerships and collaborations to expand their product portfolio and geographical reach.
Riveting Tool Market Segmentation Insights
-
Riveting Tool Market Power Outlook
- Manual
- Electric
- Pneumatic
-
Riveting Tool Market Capacity Outlook
- Less than 3mm
- 3-6mm
- 6-9mm
- Above 9mm
-
Riveting Tool Market Jaw Type Outlook
-
Riveting Tool Market End-Use Industry Outlook
- Automotive
- Electronics
- Construction
- Aerospace
-
Riveting Tool Market Additional Features Outlook
- Adjustable Stroke
- Depth Control
- LED Illumination
-
Riveting Tool Market Regional Outlook
- North America
- Europe
- South America
- Asia Pacific
- Middle East and Africa
| Report Attribute/Metric |
Details |
| Market Size 2024 |
1.70 (USD Billion) |
| Market Size 2025 |
1.75 (USD Billion) |
| Market Size 2034 |
2.29 (USD Billion) |
| Compound Annual Growth Rate (CAGR) |
3.1% (2025 - 2034) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year |
2024 |
| Market Forecast Period |
2025 - 2034 |
| Historical Data |
2020 - 2024 |
| Market Forecast Units |
USD Billion |
| Key Companies Profiled |
Cherokee Tool, Bostik, Textron Fastening System, Havelock Screw Machine Products, NewcorBay, Marson Corporation, DeWalt, Aven Tools, ITW Construction Product, Hydro Rivet Tool, Eaton, Eclipse Tool, Scellit, Gesipa Blind Riveting, Stanley Black Decker |
| Segments Covered |
Power, Capacity, Jaw Type, End-Use Industry, Additional Features, Regional |
| Key Market Opportunities |
Growth in construction industry technological advancements increasing adoption in aerospace rising demand from automotive sector expanding DIY market |
| Key Market Dynamics |
Rising demand Technological advancements Growing construction industry Ecommerce penetration Increased focus on automation |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Riveting Tool Market is expected to be valued at 1.70 Billion USD in 2024.
The Riveting Tool Market is projected to be valued at 2.29 Billion USD in 2034.
The Riveting Tool Market is expected to grow at a CAGR of 3.1% from 2025 to 2034.
North America is expected to hold the largest market share in the Riveting Tool Market.
Riveting tools are used in various applications, including construction, automotive, and manufacturing.
Cherokee Tool, Bostik, Textron Fastening System, Havelock Screw Machine Products, NewcorBay, Marson Corporation, DeWalt, Aven Tools, ITW Construction Product, Hydro Rivet Tool, Eaton, Eclipse Tool, Scellit, Gesipa Blind Riveting, Stanley Black Decker.
Recently, development has been noted in the growing number of users that employ cordless riveting tools due to improvements in portability and ease of use, battery technology increasing duration and power, and provision of sensors and IoT technology for data capturing and predictive maintenance.
