The global shot blasting machine market size is projected to exhibit incredible growth from 2023 to 2033. According to the research report published by Future Market Insights, the global market is predicted to surpass a valuation of US$ 1,202.4 million in 2023. It is anticipated to hit a valuation of US$ 1,977.2 million by 2033. The market is estimated to showcase a remarkable CAGR of 5.1% from 2023 to 2033.
Growing demand from the metal-working industry in various regions is expected to boost the sales of shot-blasting machines. Metal-working businesses use these machines for metal polishing, metal strengthening, and repairing and restoring surface defects. The metalworking process involves shaping and reshaping metals to create useful parts, objects, large-scale structures, and assemblies. Shot blasting machines are widely used across construction, aerospace, foundry, rail, and other industries, where metalworking is heavily implemented. The rising demand for surface preparation equipment is projected to bolster market expansion.
A shot blasting machine is necessary to improve product durability and quality. The increasing concerns for environmental degradation are expected to influence market trends. Shot blast machines use steel grit or shots that are reusable and recyclable. The growing emphasis on reducing environmental impact and waste generation across expanding industries is expected to boost the market growth. Furthermore, technological developments in shot-blasting machines are expected to bolster market development. The launch of efficient and user-friendly shot-blasting machines is anticipated to augment market expansion.
The increasing automation trend across manufacturing processes is creating lucrative growth opportunities in the market. Automated shot-blasting machines offer higher accuracy, efficiency, and consistency. This results in reduced labor costs and improved productivity. The increasing demand for automatic shot blasting machines from end-use industries is likely to fortify market development.
| Attributes | Details |
|---|---|
| Shot Blasting Machine Market Share (2022) | US$ 1,170.2 million |
| Shot Blasting Machine Market Share (2023) | US$ 1,202.4 million |
| Shot Blasting Machine Market Share (2033) | US$ 1,977.2 million |
| Shot Blasting Machine Market Share (2023 to 2033) | 5.1% |
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The global shot blasting machine market expanded at a modest CAGR of 2.7% from 2017 to 2022. In 2017, the global market size stood at US$ 1,021.9 million. In the following years from 2017 to 2022, the market witnessed significant growth, accounting for US$ 1,170.2 million in 2022.
Market growth is predicted to be driven by rapid urbanization and the increasing development of infrastructural projects over the forecast period. These machines are used in the automobile manufacturing industries on a large scale. Increasing demand from the automotive industry is expected to amplify market development. Increasing investments in research and development activities by prominent manufacturers are anticipated to create opportunities for growth in the market. Manufacturers are launching innovative machines to fit the end-user requirements. This, in turn, is likely to continue augmenting the growth of the market over the forecast period.
The construction and infrastructure development activities across developing nations are intensifying. This trend is anticipated to monumentally increase the adoption of shot-blasting machines. The automated shot-blasting machine market is likely to witness a demand spur in forthcoming years. The surging construction of residential and commercial buildings across Asia Pacific nations such as India is predicted to magnify market expansion.
In terms of product type, the wheel blasting segment is predicted to exhibit marvelous growth from 2023 to 2033. The wheel blasting segment captured a whopping 67.8% market share in 2022. The growth is attributable to their higher efficiency than other methods. Wheel blasting machines can be used with several abrasive media, such as steel grit, steel shot, and aluminum oxide. This versatility surges its usage across peening, deburring, and cleaning applications. They are designed for heavy-duty use across end-use industries. The increasing automation of wheel blasting machines is likely to favor the market development. Furthermore, the higher preference for air blasting is likely to support the segment’s expansion.
In terms of end-user, the automotive industry is expected to register a dominant CAGR over the assessment period. In 2022, the automotive end-use segment captured a staggering 23.5% market share. Increasing sales of electric vehicles sales across the globe are boosting sales in this segment. Growing focus on the quality of automotive interiors and other parts is propelling sales of finishing equipment for automotive component manufacturing. This is expected to augment the growth in this segment in the forthcoming years.
In terms of automation, sales in the semi-automatic segment are projected to hold the lion’s share during the forecast period. The presence of numerous small to medium enterprises that operate with tight budgets procure semi-automatic machines in large amounts. The reason being semi-automatic machines cost less in comparison to automatic ones. Manufacturers in China and India are preferring semi-automatic shot-blasting machines. Increasing adoption of these machines in the automotive and construction sectors will continue boosting sales over the assessment period.
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The United States is expected to dominate North America’s shot-blasting machine market. FMI forecasts the market to grow at a healthy CAGR over the assessment period. In 2022, the United States shot blasting machine market captured 15.6% global market share. Growth is attributable to surging demand from the aviation sector and the increasing development of residential and commercial projects in the country. Shot blasting machines are being used in aviation manufacturing and MRO for remanufacturing jets, auxiliary power units, and landing gear parts. Additionally, the machine reduces abrasive consumption, increases the life of items such as hoses and nozzles, and reduces the requirement for expensive filtration systems. Driven by this, the United States shot blasting machines market is anticipated to expand at a considerable pace over the assessment period.
As per FMI, demand in the United Kingdom is expected to surge at a steady CAGR over the assessment period. The United Kingdom is a lucrative pocket in Europe’s shot-blasting machine market. In 2022, the United Kingdom shot blasting machine market captured a 4.0% global market share. Prominent manufacturers in the United Kingdom are investing heavily in technological development to implement new features in shot-blasting machines. The introduction of new technologies in products is fueling the use of shot blasting machines across various industries, which will accelerate the growth in the market. For instance, Rösler Oberflächentechnik GmbH launched a shot blasting machine designed for fully automatic blast cleaning of a broad spectrum of three-dimensional steel weldments. Its main features are its wear-resistant construction, high uptime, and favorable operating costs.
India is anticipated to emerge as a key growth market in the Asia Pacific. In 2022, India shot blasting machine market gained a 6.3% global market share. The increasing popularity of electric vehicles and expanding automotive sector bolster growth for India’s market. The improving income levels and rising urbanization contribute to the market’s development. Furthermore, the increasing construction activities and infrastructure projects are expected to aid market growth. The increasing investments in innovation and technology are likely to foster market growth.
Key players operating in the global shot-blasting machine market are focusing on improving their product portfolios. They emphasize introducing new designs and custom-designed solutions for specific applications. In addition to this, players are also aiming to offer high-quality machines based on end-user requirements. Business expansion through mergers, acquisitions, collaborations, and partnerships prevails as a key growth strategy followed by key players. Besides this, players are also emphasizing adopting advanced technologies to launch new products. They envision to better catering to the growing demand from end-use industries.
Recent Developments Observed by FMI:
Key Players in the Global Shot Blasting Machine Market:
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| Attributes | Details |
|---|---|
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2017 to 2022 |
| Market Analysis | Units for Volume, US$ Million for Value |
| Key Regions Covered |
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| Key Countries Covered |
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| Key Segments Covered |
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| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, Trend Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
The market is slated to attain US$ 1,977.2 million by 2033.
The growth potential of the shot blasting machine market is 5.1% CAGR through 2033.
The market expanded at a CAGR of 2.7% in the historical period.
SINTOKOGIO LTD., Rösler Oberflächentechnik GmbH, and Norican Group are the top market players.
Development of new products and deployment of advanced technologies are consolidating the manufacturers’ place.
1. Executive Summary | Shot Blasting Machine Market 1.1. Global Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Product Life Cycle Analysis 3.5. Supply Chain Analysis 3.5.1. Supply Side Participants and their Roles 3.5.1.1. Producers 3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers) 3.5.1.3. Wholesalers and Distributors 3.5.2. Value Added and Value Created at Node in the Supply Chain 3.5.3. List of Raw Material Suppliers 3.5.4. List of Existing and Potential Buyer’s 3.6. Investment Feasibility Matrix 3.7. Value Chain Analysis 3.7.1. Profit Margin Analysis 3.7.2. Wholesalers and Distributors 3.7.3. Retailers 3.8. PESTLE and Porter’s Analysis 3.9. Regulatory Landscape 3.9.1. By Key Regions 3.9.2. By Key Countries 3.10. Regional Parent Market Outlook 3.11. Production and Consumption Statistics 3.12. Import and Export Statistics 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2018 to 2022 4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2023 to 2033 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product Type 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Product Type, 2018 to 2022 5.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Product Type, 2023 to 2033 5.3.1. Wheel Blasting 5.3.1.1. Hanger Type 5.3.1.2. Roller Conveyor 5.3.1.3. Tumblast 5.3.1.4. Others 5.3.2. Air Blasting 5.3.2.1. Cabinet Type 5.3.2.2. Table Type 5.3.2.3. Frame Type 5.3.2.4. Others 5.4. Y-o-Y Growth Trend Analysis By Product Type, 2018 to 2022 5.5. Absolute $ Opportunity Analysis By Product Type, 2023 to 2033 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Automation 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Automation, 2018 to 2022 6.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Automation, 2023 to 2033 6.3.1. Semi-Automatic 6.3.2. Automatic 6.4. Y-o-Y Growth Trend Analysis By Automation, 2018 to 2022 6.5. Absolute $ Opportunity Analysis By Automation, 2023 to 2033 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End Use 7.1. Introduction / Key Findings 7.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By End Use, 2018 to 2022 7.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By End Use, 2023 to 2033 7.3.1. Aerospace 7.3.2. Automotive 7.3.3. Construction 7.3.4. Ship Building 7.3.5. Others 7.4. Y-o-Y Growth Trend Analysis By End Use, 2018 to 2022 7.5. Absolute $ Opportunity Analysis By End Use, 2023 to 2033 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 8.1. Introduction 8.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Region, 2018 to 2022 8.3. Current Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Region, 2023 to 2033 8.3.1. North America 8.3.2. Latin America 8.3.3. Europe 8.3.4. Asia Pacific 8.3.5. MEA 8.4. Market Attractiveness Analysis By Region 9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 9.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022 9.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033 9.2.1. By Country 9.2.1.1. USA 9.2.1.2. Canada 9.2.2. By Product Type 9.2.3. By Automation 9.2.4. By End Use 9.3. Market Attractiveness Analysis 9.3.1. By Country 9.3.2. By Product Type 9.3.3. By Automation 9.3.4. By End Use 9.4. Key Takeaways 10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022 10.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033 10.2.1. By Country 10.2.1.1. Brazil 10.2.1.2. Mexico 10.2.1.3. Rest of Latin America 10.2.2. By Product Type 10.2.3. By Automation 10.2.4. By End Use 10.3. Market Attractiveness Analysis 10.3.1. By Country 10.3.2. By Product Type 10.3.3. By Automation 10.3.4. By End Use 10.4. Key Takeaways 11. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022 11.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033 11.2.1. By Country 11.2.1.1. Germany 11.2.1.2. United Kingdom 11.2.1.3. France 11.2.1.4. Spain 11.2.1.5. Italy 11.2.1.6. Rest of Europe 11.2.2. By Product Type 11.2.3. By Automation 11.2.4. By End Use 11.3. Market Attractiveness Analysis 11.3.1. By Country 11.3.2. By Product Type 11.3.3. By Automation 11.3.4. By End Use 11.4. Key Takeaways 12. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022 12.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033 12.2.1. By Country 12.2.1.1. China 12.2.1.2. Japan 12.2.1.3. South Korea 12.2.1.4. Singapore 12.2.1.5. Thailand 12.2.1.6. Indonesia 12.2.1.7. Australia 12.2.1.8. New Zealand 12.2.1.9. Rest of Asia Pacific 12.2.2. By Product Type 12.2.3. By Automation 12.2.4. By End Use 12.3. Market Attractiveness Analysis 12.3.1. By Country 12.3.2. By Product Type 12.3.3. By Automation 12.3.4. By End Use 12.4. Key Takeaways 13. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022 13.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033 13.2.1. By Country 13.2.1.1. GCC Countries 13.2.1.2. South Africa 13.2.1.3. Israel 13.2.1.4. Rest of MEA 13.2.2. By Product Type 13.2.3. By Automation 13.2.4. By End Use 13.3. Market Attractiveness Analysis 13.3.1. By Country 13.3.2. By Product Type 13.3.3. By Automation 13.3.4. By End Use 13.4. Key Takeaways 14. Key Countries Market Analysis 14.1. USA 14.1.1. Pricing Analysis 14.1.2. Market Share Analysis, 2022 14.1.2.1. By Product Type 14.1.2.2. By Automation 14.1.2.3. By End Use 14.2. Canada 14.2.1. Pricing Analysis 14.2.2. Market Share Analysis, 2022 14.2.2.1. By Product Type 14.2.2.2. By Automation 14.2.2.3. By End Use 14.3. Brazil 14.3.1. Pricing Analysis 14.3.2. Market Share Analysis, 2022 14.3.2.1. By Product Type 14.3.2.2. By Automation 14.3.2.3. By End Use 14.4. Mexico 14.4.1. Pricing Analysis 14.4.2. Market Share Analysis, 2022 14.4.2.1. By Product Type 14.4.2.2. By Automation 14.4.2.3. By End Use 14.5. Germany 14.5.1. Pricing Analysis 14.5.2. Market Share Analysis, 2022 14.5.2.1. By Product Type 14.5.2.2. By Automation 14.5.2.3. By End Use 14.6. United Kingdom 14.6.1. Pricing Analysis 14.6.2. Market Share Analysis, 2022 14.6.2.1. By Product Type 14.6.2.2. By Automation 14.6.2.3. By End Use 14.7. France 14.7.1. Pricing Analysis 14.7.2. Market Share Analysis, 2022 14.7.2.1. By Product Type 14.7.2.2. By Automation 14.7.2.3. By End Use 14.8. Spain 14.8.1. Pricing Analysis 14.8.2. Market Share Analysis, 2022 14.8.2.1. By Product Type 14.8.2.2. By Automation 14.8.2.3. By End Use 14.9. Italy 14.9.1. Pricing Analysis 14.9.2. Market Share Analysis, 2022 14.9.2.1. By Product Type 14.9.2.2. By Automation 14.9.2.3. By End Use 14.10. China 14.10.1. Pricing Analysis 14.10.2. Market Share Analysis, 2022 14.10.2.1. By Product Type 14.10.2.2. By Automation 14.10.2.3. By End Use 14.11. Japan 14.11.1. Pricing Analysis 14.11.2. Market Share Analysis, 2022 14.11.2.1. By Product Type 14.11.2.2. By Automation 14.11.2.3. By End Use 14.12. South Korea 14.12.1. Pricing Analysis 14.12.2. Market Share Analysis, 2022 14.12.2.1. By Product Type 14.12.2.2. By Automation 14.12.2.3. By End Use 14.13. Singapore 14.13.1. Pricing Analysis 14.13.2. Market Share Analysis, 2022 14.13.2.1. By Product Type 14.13.2.2. By Automation 14.13.2.3. By End Use 14.14. Thailand 14.14.1. Pricing Analysis 14.14.2. Market Share Analysis, 2022 14.14.2.1. By Product Type 14.14.2.2. By Automation 14.14.2.3. By End Use 14.15. Indonesia 14.15.1. Pricing Analysis 14.15.2. Market Share Analysis, 2022 14.15.2.1. By Product Type 14.15.2.2. By Automation 14.15.2.3. By End Use 14.16. Australia 14.16.1. Pricing Analysis 14.16.2. Market Share Analysis, 2022 14.16.2.1. By Product Type 14.16.2.2. By Automation 14.16.2.3. By End Use 14.17. New Zealand 14.17.1. Pricing Analysis 14.17.2. Market Share Analysis, 2022 14.17.2.1. By Product Type 14.17.2.2. By Automation 14.17.2.3. By End Use 14.18. GCC Countries 14.18.1. Pricing Analysis 14.18.2. Market Share Analysis, 2022 14.18.2.1. By Product Type 14.18.2.2. By Automation 14.18.2.3. By End Use 14.19. South Africa 14.19.1. Pricing Analysis 14.19.2. Market Share Analysis, 2022 14.19.2.1. By Product Type 14.19.2.2. By Automation 14.19.2.3. By End Use 14.20. Israel 14.20.1. Pricing Analysis 14.20.2. Market Share Analysis, 2022 14.20.2.1. By Product Type 14.20.2.2. By Automation 14.20.2.3. By End Use 15. Market Structure Analysis 15.1. Competition Dashboard 15.2. Competition Benchmarking 15.3. Market Share Analysis of Top Players 15.3.1. By Regional 15.3.2. By Product Type 15.3.3. By Automation 15.3.4. By End Use 16. Competition Analysis 16.1. Competition Deep Dive 16.1.1. Sintokogio Ltd. 16.1.1.1. Overview 16.1.1.2. Product Portfolio 16.1.1.3. Profitability by Market Segments 16.1.1.4. Sales Footprint 16.1.1.5. Strategy Overview 16.1.1.5.1. Marketing Strategy 16.1.1.5.2. Product Strategy 16.1.1.5.3. Channel Strategy 16.1.2. Rosler Oberflachentechnik GmbH 16.1.2.1. Overview 16.1.2.2. Product Portfolio 16.1.2.3. Profitability by Market Segments 16.1.2.4. Sales Footprint 16.1.2.5. Strategy Overview 16.1.2.5.1. Marketing Strategy 16.1.2.5.2. Product Strategy 16.1.2.5.3. Channel Strategy 16.1.3. Norican Group 16.1.3.1. Overview 16.1.3.2. Product Portfolio 16.1.3.3. Profitability by Market Segments 16.1.3.4. Sales Footprint 16.1.3.5. Strategy Overview 16.1.3.5.1. Marketing Strategy 16.1.3.5.2. Product Strategy 16.1.3.5.3. Channel Strategy 16.1.4. Graco Inc. 16.1.4.1. Overview 16.1.4.2. Product Portfolio 16.1.4.3. Profitability by Market Segments 16.1.4.4. Sales Footprint 16.1.4.5. Strategy Overview 16.1.4.5.1. Marketing Strategy 16.1.4.5.2. Product Strategy 16.1.4.5.3. Channel Strategy 16.1.5. Shandong Kaitai Shot-blasting Machinery Co. Ltd 16.1.5.1. Overview 16.1.5.2. Product Portfolio 16.1.5.3. Profitability by Market Segments 16.1.5.4. Sales Footprint 16.1.5.5. Strategy Overview 16.1.5.5.1. Marketing Strategy 16.1.5.5.2. Product Strategy 16.1.5.5.3. Channel Strategy 16.1.6. Qingdao Huanghe Foundry Machinery Factory 16.1.6.1. Overview 16.1.6.2. Product Portfolio 16.1.6.3. Profitability by Market Segments 16.1.6.4. Sales Footprint 16.1.6.5. Strategy Overview 16.1.6.5.1. Marketing Strategy 16.1.6.5.2. Product Strategy 16.1.6.5.3. Channel Strategy 16.1.7. Guyson Corporation 16.1.7.1. Overview 16.1.7.2. Product Portfolio 16.1.7.3. Profitability by Market Segments 16.1.7.4. Sales Footprint 16.1.7.5. Strategy Overview 16.1.7.5.1. Marketing Strategy 16.1.7.5.2. Product Strategy 16.1.7.5.3. Channel Strategy 16.1.8. PangbornGroup 16.1.8.1. Overview 16.1.8.2. Product Portfolio 16.1.8.3. Profitability by Market Segments 16.1.8.4. Sales Footprint 16.1.8.5. Strategy Overview 16.1.8.5.1. Marketing Strategy 16.1.8.5.2. Product Strategy 16.1.8.5.3. Channel Strategy 16.1.9. AGTOS GmbH 16.1.9.1. Overview 16.1.9.2. Product Portfolio 16.1.9.3. Profitability by Market Segments 16.1.9.4. Sales Footprint 16.1.9.5. Strategy Overview 16.1.9.5.1. Marketing Strategy 16.1.9.5.2. Product Strategy 16.1.9.5.3. Channel Strategy 16.1.10. Goff Inc. 16.1.10.1. Overview 16.1.10.2. Product Portfolio 16.1.10.3. Profitability by Market Segments 16.1.10.4. Sales Footprint 16.1.10.5. Strategy Overview 16.1.10.5.1. Marketing Strategy 16.1.10.5.2. Product Strategy 16.1.10.5.3. Channel Strategy 17. Assumptions & Acronyms Used 18. Research Methodology
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Shot Blasting Machine Market
