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Global Shot Blasting Machine Market growing at a CAGR of 4.2% from 2023 to 2030

Category : Machinery and Equipment | Published Date : Aug 2023

Key Market Overview

Consegic Business Intelligence analyzes that the shot blasting machine market is predicted to grow at a compound annual growth rate of 4.2% from 2023 to 2030 and is expected to reach USD 1,733.26 million in 2030 which was valued at USD 1,257.60 million in 2022.

The report highlights the increasing adoption of shot blasting machines in the automotive, which is supplementing global market growth. Consegic Business Intelligence study also provides insights into the market's competitive landscape, market segmentation, regional outlook, and emerging technologies in the shot blasting machine market.

Global Shot Blasting Machine Market By Overview

Global Shot Blasting Machine Market

The shot blasting machine market is bifurcated into product type, mode of operation, and end-use industry. Based on product type, the market is segmented into wheel blasting, air blasting, and others. In 2022, the wheel blasting segment dominate the overall shot blasting machine market. The Mode of operation segment is categorized into manual, automatic, and semi-automatic. In 2022, the automatic segment accounted for the highest market share in the shot blasting machine market. In the context of end-use industry, the market is segmented into automotive, aerospace, construction, marine, locomotive, and others. In 2022, the automotive segment accounted for the highest market share in the shot blasting machine market.

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Market Dynamics

Driver:

 

  • The booming automotive industry is propelling the global shot blasting machine market growth.
  • The rise in construction activities is supplementing the growth of the global shot blasting machine market.

 

Restraints:

  • Several performance limitations associated with shot blasting machine is restraining the market growth.

Market Segmentation:

Report Attributes Report Details
By Product Type Wheel Blasting, Air Blasting, and Others
By Application Manual, Automatic, and Semi-Automatic
By End-use Industry Automotive, Aerospace, Construction, Marine, Locomotive, and Others
By Region North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa

Competitive Landscape :

The market is dominated by certain major companies such as Rosler Oberflachentechnik GmbH, AGTOS GmbH, Goff Inc, and Shandong Kaitai Shot-blasting Machinery Co.Ltd which have a strong market position in the current market circumstances. These companies are continuously leveraging new technologies to develop innovative solutions. Furthermore, the shot blasting machine market is expected to witness substantial growth in the coming years due to the increasing partnerships between shot blasting machine range in key regions such as North America, Asia Pacific, and others.
The market is characterized by intense competition, with companies focusing on expanding their product offerings and increasing their market share through mergers, acquisitions, and partnerships.

  • Rosler Oberflachentechnik GmbH
  • AGTOS GmbH
  • Goff Inc
  • Shandong Kaitai Shot-blasting Machinery Co.Ltd.
  • Pangborn Group
  • SIAPRO
  • Sintokogio Ltd.
  • Norican Group
  • MEC SHOT
  • Surface Finishing Equipment Company