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Automatic Self-Piercing Rivets Market Insights by Application, Coating, Size, Share, Development, Growth and Demand Forecast to 2022
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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.
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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.
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