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Automatic Self-Piercing Rivets Market to reach 45 billion units by 2022
The automatic self-piercing rivets market to grow at a CAGR of 26.2%
The automatic self-piercing rivets market is set to reach 45 billion units by 2022, growing at a CAGR of
26.2% between 2016-2022. 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.
Insights on market segments
In terms of application, the automatic self-piercing rivets market is categorized into conventional
vehicles and new energy vehicles. The conventional vehicles were estimated to have contributed 66.2%
in the automatic self-piercing rivets industry in 2015. The market is forecasted to grow at a CAGR of
24.3% during the forecast period. The growth can be attributed by the growing applications of selfpiercing rivets in premium cars; however, the self-piercing rivets market is gaining further traction due
to the adoption of new energy vehicles segment.
In terms of coating, the automatic self-piercing rivets market is categorized into Almac, aluminum, zinc
and others. In 2015, Almac coatings contributed 42.2% in the automatic self-piercing rivets industry. The
market is forecasted to grow at a CAGR of 26.2% during the forecast period.
Europe stands as the largest automatic self-piercing rivets market
Europe accounted for the largest region in the automatic self-piercing rivets market, where Germany
contributed to the largest revenue. The U.S. was the major market in North America, whereas China
contributed to the largest revenue in Asia-Pacific region. Rest of the World included Brazil as the largest
market and Iran, South Africa and rest of Latin American, and Middle-East and African countries.
I creasi g go er
e t i itiati es to ards reductio of co₂ e issio s is driving the growth of the
Go er e t i itiati es to redu e CO₂ e issio s a d i pro e fuel effi ie y has ee pro oti g the use
of various lightweight materials such as aluminum, which is further increasing the use of self-piercing
rivets for the fastening purposes and thereby driving the growth of the automatic self-piercing rivets
market. 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 self-piercing rivets is an effective way for facilitating the fuel saving initiative.
Additionally, self-piercing rivets reduce the heat problems associated with the spot welding of pure
aluminum and alumi u alloys, hi h elt elo 800⁰C. Moreo er, self-piercing rivets are highly
compatible with the stimulated and coated aluminum surfaces which further reduces the damage and
removes recoating or re-plating.
The 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 selfpiercing 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.
GLOBAL AUTOMATIC SELF-PIERCING RIVETS MARKET SEGMENTATION
New energy vehicles
Rest of Europe
Rest of Asia-Pacific
Rest of the World
Rest of RoW