The global vapour blasting equipment market is poised for unprecedented growth, with a projected valuation of US$ 196.5 million by 2033, showcasing a remarkable Compound Annual Growth Rate (CAGR) of 5.1% from 2023 to 2033. According to a comprehensive report by Future Market Insights, Inc., the market is anticipated to reach US$ 113.7 million in 2022, followed by an initial surge to US$ 119.5 million in 2023.
This surge in demand is propelled by dynamic advancements witnessed in the aerospace and shipbuilding industries. Vapour blasting equipment has become a pivotal tool in these sectors, transcending industry norms to signify a transformative leap towards achieving impeccable finishing for critical components in both aircraft and ships. The relentless pursuit of excellence in these industries, driven by stringent high-performance standards, positions vapour blasting equipment as an indispensable asset.
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Driving Factors for Vapour Blasting Equipment Demand:
- Diverse Industry Developments: The sales of vapour blasting equipment are set to rise due to advancements in building and construction, automotive vehicle production, and the burgeoning shipbuilding and aerospace sectors.
- Construction Industry Utilization: Vapour blasting equipment is experiencing increased adoption in the construction sector, particularly for concrete repair, restoration, wood treatment, and brick cleaning in outdoor settings, contributing to heightened demand.
- Automated Equipment and Growing Metal Industry: Leading players are driving demand with automated vapour blasting equipment that finds increasing applications. The expanding metal and steel construction industry, propelled by growing product demand, also contributes significantly to the vapour blasting equipment market.
- Aerospace and Shipbuilding Industries: The rising aerospace and shipbuilding sectors add momentum to vapour blasting equipment demand, indicating a broadening range of industrial applications for these machines.
Key Insights:
- The vapour blasting equipment market is predicted to experience a steady CAGR of 5.0% between 2022 and 2032.
- The automatic segment, in terms of control type, is anticipated to maintain its rapid growth, exhibiting the highest growth rate.
- The automotive and aerospace industries are expected to remain pivotal consumers in the vapour blasting equipment market based on end-use.
- France is poised to lead the growth in Europe’s vapour blasting equipment market throughout the assessment period.
- East Asia, particularly South Korea, is projected to be the most lucrative region, with strong and sustained sales growth anticipated beyond 2022.
“As demand surges from the aerospace, automotive, and construction sectors, the market is set to witness notable growth. Leading manufacturers are embracing new technologies to expand the capabilities of vapour blasting equipment,” according to an FMI analyst.
Market Competition Snapshot:
The vapour blasting equipment market is assessed as moderately fragmented, with key players projected to hold significant market shares. Notable manufacturers include Guyson Corporation, Graco Inc., Raptor Blasting Systems LLC, Vapourmatt Ltd., KKS Ultraschall AG, VIXEN, Vapaware, Graf Cleaning Systems, Airblast B.V., Nicchu Co. Ltd., ABShot Tecnics S.L., MACOHO Co., Ltd., PAUL AUER GMBH, and several others featured in the comprehensive report.
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Recent Industry Development:
For instance, in March 2022, Vapourmatt Ltd. unveiled the “Vapourmate,” a new wet-blasting machine. This compact, versatile entry-level manual machine is ideal for smaller spaces, catering to a wide array of industries.
Technological Advancements and Global Expansion:
Leading players are notably concentrating on the introduction of technologically advanced products tailored for diverse industrial applications. Moreover, major players are actively enhancing their production capacities to amplify their global market presence, aiming for substantial market traction.
Vapour Blasting Equipment Market Segmentation:
By Control Type:
- Manual
- Semi-Automatic
- Automatic
By End-Use Industry:
- Automotive
- Aerospace
- Shipbuilding
- Construction
- Others
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Pacific
- Middle East & Africa
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Author:
Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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