The FMI study finds that the over 3 in 10 rivet guns were sold in automotive and transportation industries in 2018. Also, FMI shows that sales of heavy duty rivet guns will increase in the future owing to the growing need for efficient and durable rivets in marine vessels and air crafts.Īutomotive and Transportation Industries Remain Prominent End User The sales of medium duty rivet guns are expected to grow significantly in the coming years. These type of rivet guns are highly utilized across end-user industry often in combination with slow hitting and pneumatic functions. The FMI study finds that over half the rivet gun sales in 2018 were accounted for medium duty guns. Medium Duty Rivet Guns Top Selling Category Flexible use for different end-use application is increasing the sales of pop riveting machines in the rivet gun market. In 2018, pop riveting rivet guns accounted for nearly 2 in 10 sales. Pop riveting rivet gun is the second most popular rivet guns followed by slow hitting rivet guns. Significant sales of slow hitting rivet guns can be attributed to the control in operation provided by the tool as compared to pop riveting or fast-hitting rivet gun. Slow Hitting Type Accounted for 5 in 10 Sales in 2018Īs per the FMI valuation, slow hitting rivet guns accounted for over half the sales in 2018 and the demand trend is expected to continue throughout the estimation period. The study opines that owing to easy handling of battery operated rivet guns, their popularity is increasing among end users. Functional efficiency and reduced time consumption can be attributed to rising sales of pneumatic rivet guns. In 2018, pneumatic rivet guns accounted for over half of global revenues.
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Request FMI study finds that amid demand for battery operated and pneumatic rivet guns, manual or hand operated rivet guns will continue to account for over half the rivet guns sales throughout the forecast period.Īs per the FMI study, demand for pneumatic rivet gun will continue to increase in the future. As demand for power tools increases, manufacturers are focusing on developing tools with high-power output, durability and higher user friendliness. The rivet gun marketplace remains moderately consolidated wherein leading companies share significant revenue share in the market. Optimistic outlook of the manufacturing sector on the back of improving economic scenario across world economies.Buoyancy in the construction industry led by smart city constructions and modern infrastructure developments.Increasing popularity of power tools and design developments through technology innovations.The projected growth of the rivet gun market can be attributed to, The latest FMI study on rivet gun market opines that rivet gun sales will grow at 5.1% in 2019. Over 6 million units of rivet guns were sold in 2018, equaling a market value of US$ 443 Mn. However, superior functional operations and demand for advanced tools across industries are likely to account for growing demand for pneumatic and battery operated rivet guns. According to FMI’s pricing analysis, owing to the lower price of manual and hand operated rivet guns, the revenue share of these guns remains lower as compared to pneumatic and battery operated rivet guns.
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