By Product Type :

The product type segment is categorized into wheel blasting, air blasting, and others. In 2022, the wheel blasting segment accounted for the highest market share of 41.65% in the overall shot blasting machine market. The prime benefits associated with wheel blasting include superior speed, excellent efficiency, and the ability to blast larger objects. Moreover, the deployment of wheel blasting ensures minimum dirt remains at the end of the cleaning process. Thus, wheel blasting is an ideal product for various end-use industries such as automotive, mining, industrial, and others. For instance, in August 2021, ActOn Finishing, a metal finishing manufacturer in India formed a partnership with Cogeim Europe, an Italy-based manufacturer. ActOn Finishing is supplying wheel blasting to the manufacturing sector in the United Kingdom as part of the partnership. The wheel blasting is designed by Cogeim Europe. Hence, the increasing product offering for wheel blasting at the global level ensures superior speed. This vital determinant is propelling segment growth.

However, the air blasting segment is projected to be the fastest-growing segment during the forecast period. This is due to the increasing construction activities at the global level, which are fostering segmental growth.

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By Mode of Operation:

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 and is expected to be the fastest-growing segment during the forecast period. The key benefits related to automatic shot blasting machines include reduced labor costs and increased productivity. In addition, the automatic shot blasting machine has superior performance features such as extended work life, optimal blast pattern, user-friendly, automatic abrasion refill, and others. As a result of the above features, automatic shot blasting machines are frequently utilized in locomotives, marine, automotive, and other industries. For instance, in May 2021, Additive Manufacturing Technologies Ltd., a global player in the shot blasting machine launched PostProDP MAX, a new range of fully automated shot blasting systems. The key benefits of the product include minimizing the machine footprint and maintenance costs. Thus, the development of a new range of automatic shot blasting machines will accelerate the market growth in the forecast years.

By End-use Industry :

The end-use industry segment is categorized 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. The shot blasting machine ensures anti-rust treatment. This eliminates the stress of the steel plate and removes the welding slag. Thus, the shot blast machine is utilized in automotive chassis, steel frames, and others. These products are employed in passenger cars, electric vehicles, trucks, buses, and others. The development of infrastructure projects, growth of public transportation, and others are key variables propelling the demand for commercial vehicles. These factors are contributing to the growth of automotive production. For instance, according to the Organisation Internationale des Constructeurs d'Automobiles (OICA), the production of commercial vehicles at the global level was 21,787,126 units in 2020, and in 2021, it was 23,091,693 units. In 2021, the year-on-year growth rate for commercial vehicle production was 5.9%. Henceforth, the growth of the automotive industry is favoring the demand for shot blast machines to remove the rust layer in automobiles. This, in turn, is fostering market growth.

However, the aerospace segment is expected to be the fastest-growing segment during the forecast period. This growth is attributed to factors such as increasing investment in new aerospace manufacturing facilities, government initiatives for new aircraft model development, and others.

By Region :

The regional segment includes North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America.

In 2022, Asia Pacific accounted for the highest market share at 38.35% and was valued at USD 482.29 million, and is expected to reach USD 669.91 million in 2030. In Asia Pacific, China accounted for the highest market share of 22.50% during the base year of 2022. The advancement of the sectors such as automotive, aerospace, construction, and others are boosting the shot blast machine market growth in the Asia Pacific region. For instance, according to the Organisation Internationale des Constructeurs d'Automobiles (OICA), in 2022, the Asia Pacific region manufactured the highest number of total automotive vehicles at the global level, holding a share of 58.84%. In 2021, the total production of automotive vehicles in the Asia Pacific was 46,768,800 units, and in 2022, it was 50,020,793 units, an increase of 7% over 2021. Henceforth, the revenue expansion of the above end-use industries in the Asia Pacific region is driving the shot blast machine market growth in the region.

Furthermore, Europe is expected to witness significant growth over the forecast period, growing at a CAGR of 4.9% during 2023-20230. This is due to the presence of various shot blasting machines industry players, the development of new electric vehicle manufacturing facilities, and others.