Global Automotive Self-Piercing Rivets Market by Material Type (ALMAC, Aluminum, Steel, Other Material Types), By Application (Luxury Vehicle, Crossover Vehicle, Hatchback Vehicle, and Other Vehicles) and by Region and Companies Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2022-2032

Automotive Self-Piercing Rivets Market Overview:

The global automotive self-piercing rivets market is projected to be USD 931.6 Mn in 2022 to reach USD 4,025.3 Mn by 2032 at a CAGR of 16.1%.

Market.US announces the publication of its most recently generated research report titled, “Global Automotive Self-Piercing Rivets Market by Material Type (ALMAC, Aluminum, Steel, Other Material Types), By Application (Luxury Vehicle, Crossover Vehicle, Hatchback Vehicle, and Other Vehicles), and by Region – Global Forecast to 2030.”, which offers a holistic view of the global automotive self-piercing rivets market through systematic segmentation that covers every aspect of the target market.

Self-piercing riveting is a mechanical fastening process for point joining sheet material, especially steels, and aluminum alloys.

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They do not require predrilling or punching of holes or any pre-treatment of surfaces. Self-piercing rivet enables the fastening of two or more materials in a rapid single-step operation.

A variety of automotive materials can be mechanically joined using self-piercing rivets that include nylon, plastic, rubber, steel, aluminum, composites, etc. SPR emulates the quality and results of welding minus the welding's downsides, which include sparks, noise, toxic fumes, and incidental physical deformities caused by thermal stress & strain on the material.

SPR is tolerant of lubricants and adhesives that enable dissimilar materials such as steel to aluminum. With little or no damage caused to the material, SPR also significantly reduces energy consumption, thereby positively contributing to green technology promotion.

SPR can be incorporated manually by robot-mounted equipment and integrated directly into an assembly cell.

It is a clean, simple, and fast process that produces durable, reliable, secure, highly stable, compact, corrosion-resistant watertight joints impervious to water, gas, and other external fluids. Self-Piercing Rivets are available in a range of diameters and body lengths.

Global Automotive Self-Piercing Rivets Market Revenue (US$ Mn), 2020–2030

Intense penetration of the automotive industry, with the global production reaching over 91 million and 95 million vehicles in 2019 and 2018, is anticipated to be a crucial factor for the growth of the global automotive self-piercing rivets market.

Several benefits of self-piercing rivets include joining of un-weld parts or materials, no damage to protective coatings, high fatigue resistance, elimination of pre-drilled holes, low material wastage, and low energy consumption several other advantages over welding and different joining process are other factors that are likely to boost adoption of self-piercing rivets for the automotive industry.

Global Automotive Self-Piercing Rivets Market Attractiveness Analysis by Material, 2014–2030

The global automotive self-piercing rivets market is segmented as material type, application, and region. Based on material type, the market is segmented as ALMAC, aluminum, steel, and other material types. ALMAC material type is expected to register the highest revenue growth among the material types.

Based on applications, the market is segmented as luxury vehicles, crossover vehicles, hatchback vehicles, and other vehicles.

Luxury vehicle is expected to grow at the highest CAGR over the forecast period. Based on region, the market is divided into North America, Europe, Asia-Pacific, South America, and MEA. Among the regions, Asia-Pacific is expected to hold a high CAGR during the forecast period.

The research report on the global automotive self-piercing rivets market includes profiles of some of the major companies such as

• Stanley Black & Decker
• Wilhelm Böllhoff GmbH & Co. KG
• Richard Bergner Holding GmbH & Co. KG
• Fukui Byora Co., Ltd.
• Chicago Rivet & Machine Co.
• National Rivet & Manufacturing Co.
• Dent Fix Equipment
• Allied Rivet, Inc.
• Henrob Corporation
• and others.

Segmentation for Global Automotive Self-Piercing Rivets Market, based on material type, application, and regions:

Based on Material:

•  ALMAC
•  Aluminum
•  Steel
•  Other Material Types

Based on Application:

•  Luxury Vehicle
•  Crossover Vehicle
•  Hatchback Vehicle
•  Other Vehicles

Based on Regions:

•  North America
•  Europe
•  APAC
•  South America
•  MEA

For the Automotive Self-Piercing Rivets Market research study, the following years have been considered to estimate the market size: