Published on : Dec 12, 2019
Rising demand for consumer gadgets is expected to result in major growth for the global hydraulic riveting machine market. Riveting machines were widely used for manufacturing key components of automobiles, joining different body parts together, and manufacturing of a wide variety of machines. However, in recent times, small hydraulic riveting machines are also making it easier to manufacture small consumer devices. The growth of wearable technology, increasing demand for smart gadgets, and increasing innovation in the tech sector are likely to boost growth of the hydraulic riveting machine market.
Transparency Market Research has released a report titled “Global hydraulic riveting machine market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 - 2030.” The report offers the growth scenarios present globally as well as revenues of the overall market. The Global hydraulic riveting machine market report thoroughly discusses robust growth prospects and prominent strategies implicated by several key players operating in the global market, which are likely to benefit the market growth and grab leading position in terms of revenue in the market. The report is available on the website ResearchMoz.us as well.
Asia Pacific to Emerge as a Key Region
Robust manufacturing activities in Asia Pacific region are expected to result in significant growth for the hydraulic riveting machine market. The region is witnessing the emergence of several key manufacturing destinations including China, Thailand, Vietnam, Indonesia, Malaysia, and India. The growth of the global hydraulic riveting machine market is likely to take off in this region, thanks to growing outsourcing in Europe and North America. Additionally, the growth of the manufacturing is also aided by several technological developments including 3D printing, virtual reality, among others. the advent of these technologies and rising digitalization is expected to become a major boon for the global hydraulic riveting machine market.
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The Manufacturing of Next-Gen Vehicles Promises a Significant Opportunity
The next-gen vehicles laden with automated technologies and connectivity are expected to drive significant growth for the hydraulic riveting machine market. These technologies are expected to increase consumer interest in auto sales, which have witnessed a slowdown in recent times. Additionally, manufacturers are also expected to drive significant growth for the next-gen vehicles as apart from the engine, these vehicles will likely be easier to manufacture. Additionally, the rise of automation, prospects of more sales, and cost-effective manufacturing are expected to result in significant opportunities for players in the hydraulic riveting machine market.
Some key players in the global hydraulic riveting machine market are Baltec, Orbitform, Chicago Rivet & Machine Co, National Rivet & Manufacturing Co, AGME Automated Assembly Solutions, S. Dunkes GmbH, Edward Segal Inc, Superior Rivet Machines, IRIVET, Atoli, Orbital Systems.