Luxury brands, such as Porsche, Audi AG, and Daimler AG, are using a large number of automatic self-piercing rivets during the manufacturing of their aluminum-intensive models. Audi A8, Jaguar XF, XJ, XK, and BMW 5 and 6 Series are the aluminum-rich models that contain automatic self-piercing rivets as the prime fastening material. Thus, the increasing integration of these rivets is expected to boost the market growth in the years to come.

Additionally, the automatic self-piercing rivets market growth is supported by the government initiatives to cut down CO2 emissions and enhance fuel efficiency. Due to this, the application of lightweight materials, such as aluminum, has increased significantly, thereby propelling the usage of automatic self-piercing rivets. The usage of these rivets reduces the heat problems related to the spot welding of aluminum alloys and pure aluminum, both of which melt below 800-degree Celsius. Besides, the compatibility of these rivets with coated and stimulated aluminum surfaces reduces the damage and demand for recoating or re-plating.

Due to the presence of a handful of players, the automatic self-piercing rivets market is consolidated in nature. This market is dominated by players such as Henrob Ltd., Wilhelm Bollhoff GmbH und Co. KG, Richard Bergner Holding GmbH Co. KG, STANLEY Engineered Fastening, TOX PRESSOTECHNIK GmbH Co.KG, and ECKOLD AG. They are focusing on product launches and acquisitions to increase their market presence. For instance, Wilhelm Bollhoff GmbH und Co. KG and STANLEY Engineered Fastening recently launched new automatic self-piercing riveting solutions.

These automatic self-piercing rivets market players can increase their profits by leveraging the opportunities being created in emerging economies. The soaring demand for luxury vehicles in developing countries, such as India, Vietnam, and China, on account of the growing purchasing power of people gives an opportunity to market players to invest here. Additionally, the market growth is fueled by the rising government initiatives to promote fuel efficiency, minimize CO2 emissions, and develop lightweight automobiles, on account of increasing concerns regarding environmental pollution.

Geographically, the European region accounts for the largest share in the automatic self-piercing rivets market, where Germany has emerged as the largest contributor. As for the North American market, the U.S. registered the highest demand in 2015, whereas China generated the highest revenue in the Asia-Pacific (APAC) region. The growth of the APAC market is driven by the rising application of automatic self-piercing rivets in India and China and soaring investments by automakers in the region. Furthermore, in the Rest of the World, Brazil has been the largest market.

Thus, the surging environmental concerns and spurring demand for lightweight luxury vehicles will drive the market growth in the coming years.