Rivet nut refers to a one-piece internally threaded rivet which can be anchored completely from one side. Rivet nuts are an excellent alternative to weld nuts because they do not deform base materials, remove weld splatter, poisonous gases, and other welding process by-products, and can be installed in a variety of materials such as steel, plastic, composites, and fiberglass. Rivet nut applications are superior to conventional bolt and nut and weld nut applications because of their ease of use, high shear and tension power, and extremely fast installation times. Due to this, the demand for rivets is rapidly increasing.This growth is primarily driven by The demand of Rivet Nut for Aerospace Equipment Assembly and Need of Rivet Nut Due to Its Advantages Over Weld Nuts.
Globally, a noticeable market trend is evident Adoption of Rivet Nuts in Agriculture Equipment. Major Manufacturers, such as STANLEY Engineered Fastening (United States), Hanson Rivet (United States), Jay-Cee Sales and Rivet, Inc. (United States), Rivitech International (India), Acument Global Technologies Inc. (United States), Bulten AB (Sweden), Arconic Inc. (United States), Hilti Corporation (Liechtenstein), LISI Group (France) and Nifco Inc. (Japan) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On 28th Feb 2020, Bulten a leading player in the rivet nut market announced that the acquisition of PSM International Holdings Limited has been completed. PSM, which was founded in 1931, designs, produces, and distributes fasteners to foreign markets, mainly in the automotive industry. Around 350 people work for the firm, which has manufacturing facilities in China, Taiwan, and the United Kingdom, as well as distribution centres in 22 countries.
- The demand of Rivet Nut for Aerospace Equipment Assembly
- Need of Rivet Nut Due to Its Advantages Over Weld Nuts
- Adoption of Rivet Nuts in Agriculture Equipment
- Rivet Nut Has High Structural Weight
The demand for Rivet Nut Will Increase Due to Their Cost-Effectiveness and With the Increase of Appliance Assemblies, The Demand of Rivet Nut Will Also Increase
Rivet Nut May Lack Aesthetic Finish and More Workforce Is Required for Riveting
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Manufacturers landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Rivet Nut Study Sheds Light on
— The Rivet Nut Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Rivet Nut industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
— Where Rivet Nut industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
— How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.