Aerospace Riveting Equipment Market

Rising investments in the aerospace sector to drive the market.

The aerospace riveting equipment market in Saudi Arabia is growing as the country invests heavily in its aerospace sector under its Vision 2030 economic diversification plan. It underlines localization of manufacturing, enhancement of technology capability, and reduced dependence on oil revenues with aerospace as a strategic industry. Saudi Arabia is targeting the aircraft manufacturing and Maintenance, Repair, and Overhaul (MRO) hub with a substantial increase in riveting equipment demand.

Saudi Arabian Military Industries (SAMI) and Aircraft Accessories & Components Company (AACC) lead the localization efforts for aircraft assembly and repair. These programs require the most advanced riveting technologies to meet structural accuracy, and strength demands for commercial and military aircraft. For example, aerospace parts are produced locally in-country through joint ventures between SAMI and Boeing. They have been demanding advanced riveting systems to ensure their products are produced efficiently.

The country's MRO is also seeing a quick pace while focusing on hubs such as the King Abdulaziz International Airport in Jeddah. Saudi Arabian Airlines Engineering, as well as more MRO service providers of late, are resolutely relying upon portable and automatic riveting machines to rivet the fleet of aircraft that is witnessing growth on day-to-day grounds. Another feature that supports its adoption of up-to-date riveting machines is the establishment of aerospace manufacturing zones, namely, PSATRI. 

Large-scale projects, such as helicopter assembly and combat drones, also contribute to the growth of the defense sector in Saudi Arabia. For instance, the local production of Taqnia's An-132 multi-purpose aircraft shows the increasing demand for advanced riveting equipment in assembling aircraft structures.

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