FMI Revises Rivet Gun Market Forecast, as COVID-19 Pandemic Continues to Expand Quickly
VALLEY COTTAGE -- Over 6 million units of rivet guns were sold in 2018, equaling a market value of US$ 443 Mn. The latest FMI study on rivet gun market opines that rivet gun sales will grow at 5.1% in 2019. The projected growth of the rivet gun market can be attributed to, Increasing popularity of power tools and design developments through technology innovations Buoyancy in the construction industry led by smart city constructions and modern infrastructure developments Optimistic outlook of the manufacturing sector on the back of improving economic scenario across world economies The rivet gun marketplace remains moderately consolidated wherein leading companies share significant revenue share in the market. As demand for power tools increases, manufacturers are focusing on developing tools with high-power output, durability and higher user friendliness. The FMI study finds that amid demand for battery operated and pneumatic rivet guns, manual or hand operated rivet guns w