Global Automatic Self-Piercing Rivets Market Size, Share, Development, Growth and Demand Forecast to 2022 - PowerPoint PPT Presentation

View by Category
About This Presentation
Title:

Global Automatic Self-Piercing Rivets Market Size, Share, Development, Growth and Demand Forecast to 2022

Description:

The global market for automatic self-piercing rivets is projected to reach 45.0 billion units by 2022, growing at a CAGR of 26.2% during 2016 - 2022. – PowerPoint PPT presentation

Number of Views:7

less

Write a Comment
User Comments (0)
Transcript and Presenter's Notes

Title: Global Automatic Self-Piercing Rivets Market Size, Share, Development, Growth and Demand Forecast to 2022


1
Global Automatic Self-Piercing Rivets Market to
Witness 26.2 CAGR During 2016 2022
2
Global Automatic Self-Piercing Rivets Market
According to a new market research report Global
Automatic Self-Piercing Rivets Market Size,
Share, Development, Growth and Demand Forecast to
2022 - Industry Insights by Application
(Conventional Vehicles, New Energy Vehicles), by
Coating (Almac, Aluminum, Zinc, and Others)
published by PS Market Research, the global
market for automatic self-piercing rivets is
projected to reach 45.0 billion units by 2022,
growing at a CAGR of 26.2 during 2016 - 2022.
Browse Report Description with Detailed TOC
https//www.psmarketresearch.com/market-analysis/a
utomatic-self-piercing-rivets-market
3
Global Automatic Self-Piercing Rivets Market
Global automatic self-piercing rivets market
worth 8.1 billion units in 2015
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.
4
Global Automatic Self-Piercing Rivets Market
Insights on market segments
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.
5
Global Automatic Self-Piercing Rivets Market
Europe stands as the largest automatic
self-piercing rivets market
Europe accounted for the largest region in the
global automatic self-piercing rivets market,
where Germany contributed to the largest revenue.
The U.S. was the major market in North America,
whereas China contributed to the largest revenue
in Asia-Pacific region. Rest of the World
included Brazil as the largest market and Iran,
South Africa and rest of Latin American, and
Middle-East and African countries.
6
Global Automatic Self-Piercing Rivets Market
Growing demand for luxury vehicles bolsters
market growth
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. This is
expected to boost the demand for automatic
self-piercing rivets to a considerable level
during the forecast period. Government
initiatives to reduce CO2 emissions and improve
fuel efficiency has been promoting the use of
various lightweight materials such as aluminum,
which is further increasing the use of automatic
self-piercing rivets for the fastening purposes.
Automatic self-piercing rivets reduce the
7
Global Automatic Self-Piercing Rivets Market
heat problems associated with the spot welding of
pure aluminum and aluminum alloys, which melt
below 800C. Moreover, automatic self-piercing
rivets are highly compatible with the stimulated
and coated aluminum surfaces, which further
reduces the damage and removes recoating or
re-plating. All these factors have led to the
widespread adoption of automatic self-piercing
rivets, globally. Growing initiatives from the
government focusing on promoting the use of
automatic self-piercing rivets is expected to
create ample opportunities for the global market.
Analysts observed that the increasing government
initiatives pertaining to the fuel efficiency and
reducing CO2 emissions such as vehicle efficiency
incentive, global fuel economy initiative has
significantly contributed in changing the
dynamics of vehicle manufacturing. Global Fuel
Economy Initiative has set an objective of
improving the fuel economy for the new vehicles
worldwide by at least 50 through 2030, the
target year to achieve 50 fuel economy in the
case of light vehicle fleet is 2050.
8
Global Automatic Self-Piercing Rivets Market
The increasing government initiatives and
policies in both developed and emerging nations
have significantly led to the widespread adoption
of lightweight materials for automotive
applications across the globe. Moreover,
lightweight materials have the potential to offer
increased vehicle efficiency, while maintaining
the safety and performance of modern automobiles.
Such trend is expected to result in the rise of
automatic self-piercing rivets in the automotive
sector. Rising affordability of luxury vehicles
in emerging economies poses as another
opportunity for the global automatic
self-piercing rivets market. Due to increasing
number of HNWI population, there has been a
rising demand for the luxury vehicles across
various emerging economies such as India, China
and Vietnam. Additionally, due to growing
pollution concerns, the governments in these
countries are increasingly promoting the
initiatives such as fuel efficiency, developing
lightweight vehicle and minimizing CO2 emissions.
This is expected to benefit the global market for
automatic self-piercing rivets in future.
9
Global Automatic Self-Piercing Rivets Market
Top three players account for major market share
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. Product
launches and acquisitions have been the major
recent developments in the global market for
automatic self-piercing rivets. Stanley
Engineered Fastening and Wilhelm Bollhoff GmbH
und Co. KG are some of the companies that
recently introduced new automatic self-piercing
rivets solutions. Atlas Copco had made strategic
acquisitions to expand their product portfolio in
the automatic self-piercing rivets business.
10
Global Automatic Self-Piercing Rivets Market
Download report sample at
https//www.psmarketresearch.com/market-analysis/a
utomatic-self-piercing-rivets-market/report-sample

11
GET IN TOUCH
THANK YOU!
For information regarding permissions and other
queries Kindly write to
US/Canada Toll-Free 1-888-778-7886
About PowerShow.com