Aerospace Riveting Equipment Market

Increasing investment in domestic manufacturing to drive the market.

India's aerospace riveting equipment market has grown rapidly because of a growing aerospace manufacturing sector supported by increased demand for commercial and defense aircraft. India's growing aviation market is expected to be the third largest by 2030, forcing aircraft manufacturers to boost local production capabilities. Boeing and Airbus have partnered with Indian firms, such as Tata Advanced Systems and HAL, to manufacture components and complete aircraft structures. Equipment like riveting machines is particularly essential for constructing strong but light airframes.

Make in India," and the Defense Production Policy are some of the initiatives that encourage local manufacture, thus attracting global players in aerospace to set up facilities in India. For instance, Boeing and Tata have joined hands for a joint venture to manufacture fuselages for Apache helicopters in Hyderabad, where advanced riveting technology is required to deliver stringent quality and precision demands. The HAL has indigenously designed fighter aircraft, like the Tejas and the AMCA program, which significantly require solutions for automated and semi-automated riveting to enhance manufacturing efficiency and strength of structural integrity.

Besides, this growth in MROs in India is further backed by the reduction in the GST rate in the sector, creating further demand for portable and versatile riveting tools for aircraft repair. The establishment of aerospace parks, such as Tamil Nadu, with highly advanced manufacturing and assembling facilities, further drives the demand for high-end riveting equipment. These factors, alongside an increase in a strong, skilled workforce and direct technology transfers from global OEMs, place India at the forefront of manufacturing aerospace, ensuring substantial growth in the riveting equipment market.

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