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Automatic Self-Piercing Rivets Market by Application, Coating, Size, Share, Development, Growth and Demand Fore

The key trend observed in the global automatic self-piercing rivets market is the growing demand from premium vehicle segment.
Rahul Gautam | 15.11.2018
automatic self-piercing rivets market © Rahul Gautam

As per the research, the global market for automatic self-piercing rivets is likely to grow from 8.1 billion units in 2015 to 45.0 billion units by 2022. With the growth in lightweight vehicles segment and the increasing use of aluminum in the vehicle manufacturing process, the global automatic self-piercing rivets market is gaining traction. The automatic self-piercing rivets market is emerging and are widely used across various vehicle segments such as luxury, cross overs and hatchback.

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As per the findings of research, the conventional vehicles emanated the largest demand for automatic self-piercing rivets. Almac coating has been the largest revenue generator in the global market.

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The factors driving the growth of the automatic self-piercing rivets market include rising production of luxury vehicles, increasing government initiatives towards reduction of CO₂ emissions and increasing the fuel efficiency. Luxury vehicle manufacturers such as Audi AG, Daimler AG, Porsche etc. are increasingly adopting automatic self-piercing rivets for the production of their aluminum-intensive vehicles. Moreover, luxury cars such as Jaguar XJ, XK, XF, Audi A8, BMW 5 and 6 series are aluminum-rich vehicles and include automatic self-piercing rivets as the key fastening material.

The research states that the global market for automatic self-piercing rivets had a consolidated structure in 2015, where the top three competitors accounted for a major share of the global market.

Some of the key players in the global automatic self-piercing rivets market include Henrob Ltd, STANLEY Engineered Fastening, Wilhelm Bollhoff GmbH und Co. KG, TOX PRESSOTECHNIK GmbH & Co.KG, Richard Bergner Holding GmbH & Co. KG and ECKOLD AG.