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Global Automatic Self-Piercing Rivets Market to Witness 26.2% CAGR During 2016 – 2022

Automatic Self-Piercing Rivets Market

Automatic Self-Piercing Rivets Market

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.

**Get Sample Copy of Research Report At: https://www.psmarketresearch.com/market-analysis/automatic-self-piercing-rivets-market/report-sample

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.

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.

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.

**Explore Research Report At: https://www.psmarketresearch.com/market-analysis/automatic-self-piercing-rivets-market

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.

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.

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.

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.

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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.

About P&S Market Research

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As one of the top growing market research agency, we’re keen upon providing market landscape and accurate forecasting. Our analysts and consultants are proficient with business intelligence and market analysis, through their interaction with leading companies of the concerned domain. We help our clients with B2B market research and assist them in identifying various windows of opportunity, and framing informed and customized business expansion strategies in different regions.

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