DUBLIN--(BUSINESS WIRE)--The "Global Automatic Self-Piercing Rivets Market Size, Share, Development, Growth and Demand Forecast to 2022" report has been added to Research and Markets' offering.
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.
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.
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.
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.
Key Topics Covered:
1. Research Background
2. Research Background
4. Market Size And Forecast, By Application
5. Market Size And Forecast, By Coating
6. Market Size And Forecast, By Geography
7. Market Share Analysis
8.1 Key Company Profiles
- Henrob Ltd.
- Stanley Engineered Fastening
- Wilhelm Bollhoff Gmbh Und Co. Kg
- Tox Pressotechnik Gmbh & Co. Kg
- Richard Bergner Holding Gmbh & Co. Kg
For more information about this report visit https://www.researchandmarkets.com/research/w6wrct/global_automatic