According to a recent market study by Future Market Insights, the global shot blasting machine market is anticipated to grow at a healthy 5.1% CAGR, reaching a valuation of US$ 1,977.2 million in 2033.Machines for shot blasting are essential in the metal industry. Sales will increase globally over the forecast period as a result of rising demand from sectors like aerospace and automotive.
In the upcoming years, there will likely be a growing demand for semi-automatic shot blasting machines from the construction and automotive industries.
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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:
- 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.
Competitive Landscape
Some of the leading players in the market are SINTOKOGIO, LTD., Rösler Oberflächentechnik GmbH, Norican Group and SHANDONG KAITAI GROUP CO. LTD. The top 5 players are projected to account for 20-25% of the total market share over the forecast period.
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.
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Shot Blasting Machine Market By Category
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
- East Asia
- South Asia Pacific
- Middle East and Africa
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About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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