According to a new study by P&S Market Research, global sales of self-piercing rivet technology (SPR) will grow at a cumulative annual rate of 26 percent between 2016 and 2022. P&S predicts manufacturers worldwide will consume 45 billion of the fasteners in 2022.
MENLO PARK, CA—In a 1994 interview archived by the Silicon Valley Historical Association, Apple founder Steve Jobs recalls how, when he was in high school, he cold-called Hewlett-Packard's co-founder Bill Hewlett to request some leftover electronic parts and, to his surprise, Hewlett picked up the phone. The executive then offered the young man an internship.
Additive manufacturing is no longer just for prototyping. More and more, the technology is being used to make production-ready parts. That's forcing engineers to begin thinking about joint designs and assembly processes.
If it rolls, floats or flies, lightweighting is one of the biggest challenges facing manufacturers today. The push for new materials is forcing engineers in a variety of industries to explore cost-effective alternatives and develop new assembly processes.
Error proofing, quality control and flexibility are essential on today's assembly lines. As a result, manufacturers are increasingly investing in DC electric fastening tools. These tools allow engineers to adjust tool speed to match various applications and control more aspects of the fastening process, including key parameters such as torque and angle.
A typical assembly plant will invest a good deal of money in electric and pneumatic tools to install fasteners. Given the sophistication of today's power tools, engineers might be tempted to discount the most critical component of the fastening process: the bits and sockets that drive the fastener.
DALLAS—The future of the global automotive fastener market looks promising with opportunities in the passenger car and light commercial vehicle segment.