The size of the worldwide shot-blasting machine market is anticipated to expand tremendously between 2023 and 2033. The global market is anticipated to achieve a valuation of US$ 1,202.4 million in 2023, according to the research report released by Future Market Insights. By 2033, its value is projected to reach US$ 1,977.2 million. From 2023 to 2033, the market is anticipated to exhibit a fantastic CAGR of 5.1%.
Growing demand for shot-blasting equipment from the construction and automotive sectors is expected to drive the demand for semi-automatic shot-blasting machines in the forthcoming years.
Further, manufacturers are offering customized shot blasting machines to improve sales in the market. They are focusing on innovative technologies and techniques to improve the performance of these machines. This is expected to augment the. Growth of the market in the forthcoming years.
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As per FMI, sales in China and India are expected to increase at a considerable pace owing to rapid urbanization, increasing sales of electric vehicles, and growing residential and commercial establishments.
“Increasing applications of shot blast machines in the aviation sectors, along with surging demand for roller conveyor shot blasting machines will continue boosting the growth in the market over the forecast period,” says an FMI analyst.
Key Takeaways From the Shot Blasting Machine Market Study:
- In terms of product type, sales of wheel blasting machines are projected to increase at a 3.8% CAGR through 2031.
- Based on automation, demand in the semi-automatic segment will grow at a 4.1% CAGR over the assessment period.
- Sales in the automotive sector will increase at a steady 4.2% CAGR over the forecast period.
- The U.S. will dominate North American shot blasting machines market, expanding at a 4% CAGR.
- The U.K. will emerge as a lucrative pocket in the Europe shot blasting machines market, with sales growing at a 4.3% CAGR.
The global shot blasting machines market is extremely consolidated. Market players are competing to increase their global footprints by advancing their product portfolio through technological innovations and new product development. Players are also expanding their sales channels in emerging markets through collaborations and are focusing to provide a global service network to end-users.
Find More Valuable Insights The research report analyzes the market demand trends of the shot blasting machine market. The global market estimation and growth projection are based on factors like end-use industries development, COVID-19 crisis impact, replacement ratio, and adoption rate of Shot Blasting Machines.
As per Future Market Insights’ research scope, the Shot Blasting Machine Market has been studied and segmented based on product type, automation, end-use industry and region. The report provides qualitative and quantitative information on various players in this market. This report also tracks the market on both, the supply-side and demand side.
Competitive Landscape
Some of the leading players in the market are :
- SINTOKOGIO LTD.
- Rösler Oberflächentechnik GmbH
- Norican Group
- SHANDONG KAITAI GROUP CO. LTD.
- Surface Finishing Equipment Company
- Qingdao Huanghe Foundry Machinery Factory
- Guyson Corporation
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Shot Blasting Machine Market Segmentation:
By Product Type:
- Wheel Blasting (Hanger Type, Roller Conveyor, Tumblast, Others)
- Air Blasting (Cabinet Type, Table Type, Frame Type, Others)
By Automation:
- Semi-Automatic
- Automatic
By End-use:
- Aerospace
- Automotive
- Construction
- Foundry
- Ship Building
- Rail
- Others
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
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 is 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 5,000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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