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

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

  • ID: 4340303
  • Report
  • Region: Global
  • 84 pages
  • P&S Market Research
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Market Overview

Self-Piercing Rivets (SPR) includes a process of joining two or more pieces of similar or dissimilar material by driving a rivet piercing the top sheet and then fortifying it within the bottom sheet without piercing it thereby forming a mechanical interlock. In other words, self-piercing rivets include a mechanical joining process for fastening similar sheet materials, primarily steels and aluminum.

The process involved in the global automatic self-piercing rivets market comprises four steps: clamping, piercing, flaring and compression. Self-piercing rivets provide superior fastening solution in case where spot welding is not feasible such as pre-painted metal (white goods), aluminum (signs), and zinc-coated steel (HVAC, building and automotive applications). Automatic self-piercing rivets are used across various vehicle segments such as luxury, cross overs and hatchback.

Market Dynamics

The global market for automatic self-piercing rivets is expected to witness a CAGR of 26.2% during the forecast period (2016-2022), to reach 45.0 billion units by 2022. Increasing focus towards the development of lightweight vehicles is escalating the use of automatic self-piercing rivets across various vehicle segments. This is expected to propel the demand of automatic self-piercing rivets during the forecast period. Based on coating, Almac is expected to be the largest segment in the global automatic self-piercing rivets market during the forecast period. Conventional vehicles emanated the largest demand in the global automatic self-piercing rivets market. Additionally, the segment is expected to witness highest demand in the global market for automatic self-piercing rivets during the forecast period.

Trends

The key trend observed in the global automatic self-piercing rivets market is the growing demand from premium vehicle segment. Most of the automotive manufacturers in India such as TATA and Honda are also focusing on entering in to the luxury vehicle segment. For instance, in 2017, TATA has launched an affordable luxury racing cars, TAMO, suitable for Asian market thereby, marking their presence in the premium vehicle category. This would significantly create demand for automatic self-piercing rivets during the forecast period.

Another trend observed in the global automatic self-piercing rivets market is the growing Asian automotive market. In recent years, Asian region witnessed increasing traction for automatic self-piercing rivets due to the increasing automotive applications in China and India. Moreover, majority of automakers are making huge investment in this region. For instance, Maruti Suzuki announced their plans to set up new manufacturing plant in Gujarat. Moreover, Hyundai affiliate KIA has also announced their plans to set up a manufacturing plant in India to capture the growing market of Asia-Pacific.

Growth Drivers

The factors driving the growth of automatic self-piercing rivets market are rising production of luxury vehicles, increasing government initiatives towards reduction of CO2 emissions and increasing the fuel efficiency. Increasing production of luxury vehicles has considerably increased the use of automatic self-piercing rivets for fastening various similar and dissimilar aluminum vehicles. Moreover, luxury vehicle manufacturers such as Audi AG, Daimler AG, Porsche etc. are increasingly using automatic self-piercing rivets in the production of their aluminum-intensive vehicles.

The government across various countries in the North American and European region have been increasingly developing stringent emission standards and accordingly automotive manufacturers across the globe have been reducing the weight of the cars by using aluminum. According to the Aluminum Transportation Group (ATG), 5-7% fuel could be saved by every 10% reduction in the weight of a vehicle, and substituting aluminum for the heavier material with the usage of automatic self-piercing rivets is an effective way for facilitating the fuel saving initiative.

Additionally, the increasing usage of self-piercing rivets in the hatchback and sedan cars is supplementing the growth in the global automatic self-piercing rivets market. Increasing government initiatives towards reduction of CO2 and increasing the fuel efficiency has been continuously encouraging companies such as Daimler AG, Ford, Land Rover, Audi, BMW, Renault across various applications such as bonnets, hoods, trunk lids, boot lids, doors and window regulators in the aluminum intensive vehicles. This is expected to further boost the market for automatic self-piercing rivets during the forecast period.

Growth Restraints

Some of the major factors hindering the growth of the global automatic self-piercing rivets market include high cost of aluminum and lack of technical knowledge required for self-piercing rivets. Although, the quantity of aluminum used is reduced while replacing stainless steel, the cost of aluminum is still higher than that of stainless steel. Due to price sensitivity, the use of aluminum for production of vehicles in developing countries is expected to witness low growth as compared with other countries; however, the increase in government initiatives and focus on lightweight vehicles is expected to reduce the impact on the global market for automatic self-piercing rivets in the long run. Moreover, large number of automotive manufacturers around the globe have been resistant in shifting to the automatic self-piercing rivets due to the lack of expertise and the complexities involved in the process of self-piercing rivets.

Competitive Landscape

The global automatic self-piercing rivets market is dominated by three major players that account for the majority of the share in the market. Some of the key players in the global market for automatic self-piercing rivets 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.

Customization is offered as per specific business requirements of clients. Illustrative customization within the scope of this report includes:
  • Period of Analysis - Increase in the study period, including historic and forecast years
  • Geographical Analysis - Increase in country coverage
  • Segment Analysis - More granular coverage related to:
  • Detailed analysis of different applications and critical insights on the market Industry segmentation - “Others” segment in coating types can be further broken down into different types of coatings
  • Company Profiles - Wider company coverage in terms of detailed analysis or additional company profiles
  • New custom report - A completely customized report can be provided on the market, specific to a region/ country/ segment
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1. Research Background
1.1 Research Objectives
1.2 Market Definition
1.3 Research Scope
1.3.1 Market Segmentation By Application
1.3.2 Market Segmentation By Geography
1.3.3 Market Data Reporting Unit
1.3.3.1 Volume
1.4 Key Stakeholders

2. Research Background
2.1 Secondary Research
2.2 Primary Research
2.2.1 Breakdown Of Primary Research Respondents
2.2.1.1 By Region
2.2.1.2 By Industry Participant
2.3 Market Breakdown And Data Triangulation
2.4 Assumptions For The Study

3. Introduction
3.1 Market Segmentation
3.1.1 Overview By Application
3.1.1.1 Conventional Vehicles
3.1.1.2 New Energy Vehicles
3.2 Key Findings
3.3 Market Dynamics
3.3.1 Trends
3.3.1.1 Growing Demand From Premium Vehicle Segment
3.3.1.2 Growing Asian Automotive Market
3.3.1.3 Increasing Lightweight Materials In Automotive
3.3.2 Drivers
3.3.2.1 Rising Production Of Luxury Vehicles
3.3.2.2 Increasing Government Initiatives Towards Reduction Of Co? Emissions And Increasing The Fuel Efficiency
3.3.2.3 Impact Analysis Of Drivers On Market Forecast
3.3.3 Restraints
3.3.3.1 High Cost Of Aluminum
3.3.3.2 Lack Of Technical Knowledge
3.3.3.3 Impact Analysis Of Restraints On Market Forecast
3.3.4 Opportunities
3.3.4.1 Rising Government Initiatives
3.3.4.2 Rising Affordability Of Luxury Vehicles In Emerging Economies
3.4 Porter's Five Forces Of Competitive Position Analysis
3.4.1 Bargaining Power Of Buyers
3.4.2 Bargaining Power Of Suppliers
3.4.3 Threat Of New Entrants
3.4.4 Intensity Of Rivalry
3.4.5 Threat Of Substitutes

4. Market Size And Forecast, By Application

5. Market Size And Forecast, By Coating

6. Market Size And Forecast, By Geography
6.1 Europe Automatic Self-Piercing Rivets Market
6.1.1 Europe Automatic Self-Piercing Rivets Market By Application
6.1.2 Europe Automatic Self-Piercing Rivets Market By Coating
6.1.3 Europe Automatic Self-Piercing Rivets Market By Country
6.2 North America Automatic Self-Piercing Rivets Market
6.2.1 North America Automatic Self-Piercing Rivets Market By Application
6.2.2 North America Automatic Self-Piercing Rivets Market By Coating
6.2.3 North America Automatic Self-Piercing Rivets Market By Country
6.3 Asia-Pacific Automatic Self-Piercing Rivets Market
6.3.1 Asia-Pacific Automatic Self-Piercing Rivets Market By Application
6.3.2 Asia-Pacific Automatic Self-Piercing Rivets Market By Coating
6.3.3 Asia-Pacific Automatic Self-Piercing Rivets Market By Country
6.4 Row Automatic Self-Piercing Rivets Market
6.4.1 Row Automatic Self-Piercing Rivets Market By Application
6.4.2 Row Automatic Self-Piercing Rivets Market By Coating
6.4.3 Row Automatic Self-Piercing Rivets Market By Country

7. Market Share Analysis

8. Company Profiles And Strategic Recommendations
8.1 Key Company Profiles
8.1.1 Henrob Ltd.
8.1.1.1 Business Overview
8.1.1.2 Product And Service Offerings
8.1.2 Stanley Engineered Fastening
8.1.2.1 Business Overview
8.1.2.2 Product And Service Offerings
8.1.3 Wilhelm Bollhoff Gmbh Und Co. Kg
8.1.3.1 Business Overview
8.1.3.2 Product And Service Offerings
8.1.4 Tox Pressotechnik Gmbh & Co. Kg
8.1.4.1 Business Overview
8.1.4.2 Product And Service Offerings
8.1.5 Richard Bergner Holding Gmbh & Co. Kg
8.1.5.1 Business Overview
8.1.5.2 Product And Service Offerings
8.1.6 Eckold Ag
8.1.6.1 Business Overview
8.1.6.2 Product And Service Offerings
8.2 Strategic Developments In Global Automatic-Self-Piercing Rivets Market
8.2.1 Product Launch
8.2.2 Merger And Acquisition
8.2.3 Others

9. Appendix
9.1 Abbreviations

List Of Tables
Table 1 Analysis Period Of The Study
Table 2 Market Snapshot
Table 3 Drivers For The Market: Impact Analysis
Table 4 Restraints For The Market: Impact Analysis
Table 5 Global Automatic Self-Piercing Rivets Market, By Application, Billion Units (2012 - 2015)
Table 6 Global Automatic Self-Piercing Rivets Market, By Application, Billion Units (2016 - 2022)
Table 7 Global Automatic Self-Piercing Rivets Market, By Coating, Billion Units (2012 - 2015)
Table 8 Global Automatic Self-Piercing Rivets Market, By Coating, Billion Units (2016 - 2022)
Table 9 Global Automatic Self-Piercing Rivets Market, By Region, Billion Units (2012 - 2015)
Table 10 Global Automatic Self-Piercing Rivets Market, By Region, Billion Units (2016 - 2022)
Table 11 Europe Automatic Self-Piercing Rivets Market, By Application, Billion Units (2012 - 2015)
Table 12 Europe Automatic Self-Piercing Rivets Market, By Application, Billion Units (2016 - 2022)
Table 13 Europe Automatic Self-Piercing Rivets Market, By Coating, Billion Units (2012 - 2015)
Table 14 Europe Automatic Self-Piercing Rivets Market, By Coating, Billion Units (2016 - 2022)
Table 15 Europe Automatic Self-Piercing Rivets Market, By Country, Billion Units (2012 - 2015)
Table 16 Europe Automatic Self-Piercing Rivets Market, By Country, Billion Units (2016-2022)
Table 17 North America Automatic Self-Piercing Rivets Market, By Application, Billion Units (2012 - 2015)
Table 18 North America Automatic Self-Piercing Rivets Market, By Application, Billion Units (2016 - 2022)
Table 19 North America Automatic Self-Piercing Rivets Market, By Coating, Billion Units (2012 - 2015)
Table 20 North America Automatic Self-Piercing Rivets Market, By Coating, Billion Units (2016 - 2022)
Table 21 North America Automatic Self-Piercing Rivets Market, By Country, Billion Units (2012 - 2015)
Table 22 North America Automatic Self-Piercing Rivets Market, By Country, Billion Units (2016-2022)
Table 23 Asia-Pacific Automatic Self-Piercing Rivets Market, By Application, Billion Units (2012 - 2015)
Table 24 Asia-Pacific Automatic Self-Piercing Rivets Market, By Application, Billion Units (2016 - 2022)
Table 25 Asia-Pacific Automatic Self-Piercing Rivets Market, By Coating, Billion Units (2012 - 2015)
Table 26 Asia-Pacific Automatic Self-Piercing Rivets Market, By Coating, Billion Units (2016 - 2022)
Table 27 Asia-Pacific Automatic Self-Piercing Rivets Market, By Country, Billion Units (2012 - 2015)
Table 28 Asia-Pacific Automatic Self-Piercing Rivets Market, By Country, Billion Units (2016-2022)
Table 29 Row Automatic Self-Piercing Rivets Market, By Application, Billion Units (2012 - 2015)
Table 30 Row Automatic Self-Piercing Rivets Market, By Application, Billion Units (2016 - 2022)
Table 31 Row Automatic Self-Piercing Rivets Market, By Coating, Billion Units (2012 - 2015)
Table 32 Row Automatic Self-Piercing Rivets Market, By Coating, Billion Units (2016 - 2022)
Table 33 Row Automatic Self-Piercing Rivets Market, By Country, Billion Units (2012 - 2015)
Table 34 Row Automatic Self-Piercing Rivets Market, By Country, Billion Units (2016-2022)
Table 35 Henrob Ltd. - At A Glance
Table 36 Stanley Engineered Fastening- At A Glance
Table 37 Wilhelm Bollhoff Gmbh Und Co. Kg - At A Glance
Table 38 Tox Pressotechnik Gmbh & Co.Kg- At A Glance
Table 39 Richard Bergner Holding Gmbh & Co. Kg - At A Glance
Table 40 Eckold Ag - At A Glance

List Of Figures
Fig 1 Self-Piercing Rivets Process
Fig 2 Research Scope For Global Automatic Self-Piercing Rivets Market
Fig 3 Research Methodology For Global Automatic Self-Piercing Rivets Market
Fig 4 Regional Split Of Primary And Secondary Research For Global Automatic Self-Piercing Rivets Market
Fig 5 Breakdown Of Primary Research By Region
Fig 6 Data Triangulation Approach For Global Automatic Self-Piercing Rivets Market
Fig 7 Porter's Five Forces Of Competitive Position Analysis
Fig 8 Global Automatic Self-Piercing Rivets Market, By Application, Billion Units (2012 - 2022)
Fig 9 Global Automatic Self-Piercing Rivets Market, By Coating, Billion Units (2012 - 2022)
Fig 10 Worldwide Major Markets For Automatic Self-Piercing Rivets Market (2022)
Fig 11 Global Automatic Self-Piercing Rivets Market, By Region, Billion Units (2012 - 2022)
Fig 12 Europe Automatic Self-Piercing Rivets Market Snapshot
Fig 13 Europe Automatic Self-Piercing Rivets Market, By Application, Billion Units (2012 - 2022)
Fig 14 Europe Automatic Self-Piercing Rivets Market, By Coating, Billion Units (2012 - 2022)
Fig 15 Europe Automatic Self-Piercing Rivets Market, By Country, Billion Units (2012 - 2022)
Fig 16 North America Automatic Self-Piercing Rivets Market Snapshot
Fig 17 North America Automatic Self-Piercing Rivets Market, By Application, Billion Units (2012 - 2022)
Fig 18 North America Automatic Self-Piercing Rivets Market, By Coating, Billion Units (2012 - 2022)
Fig 19 North America Automatic Self-Piercing Rivets Market, By Country, Billion Units (2012 - 2022)
Fig 20 Asia-Pacific Automatic Self-Piercing Rivets Market Snapshot
Fig 21 Asia-Pacific Automatic Self-Piercing Rivets Market, By Application, Billion Units (2012 - 2022)
Fig 22 Asia-Pacific Automatic Self-Piercing Rivets Market, By Coating, Billion Units (2012 - 2022)
Fig 23 Asia-Pacific Automatic Self-Piercing Rivets Market, By Country, Billion Units (2012 - 2022)
Fig 24 Row Automatic Self-Piercing Rivets Market, By Application, Billion Units (2012 - 2022)
Fig 25 Row Automatic Self-Piercing Rivets Market, By Coating, Billion Units (2012 - 2022)
Fig 26 Row Automatic Self-Piercing Rivets Market, By Country, Billion Units (2012 - 2022)
Fig 27 Market Share Of Leading Companies, By Volume (2015)
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