Shot blasting machines are essential for improving the durability and quality of products. Growing concerns about environmental degradation are expected to influence the market trends. Shot blasting machines use steel grit or steel shot, which can be reused and recycled. Increasing focus across industries on reducing environmental impact and waste generation is expected to drive the market growth. Furthermore, technological developments in shot blasting machines are expected to drive the market growth. The launch of efficient and user-friendly shot blasting machines is expected to drive the market expansion.
The growing trend of automation of manufacturing processes has created lucrative growth opportunities for the market. Automatic shot blasting machines provide greater accuracy, efficiency, and stability. This reduces labor costs and increases productivity. The growing demand for automatic shot blasting machines from end users is likely to drive the growth of the market.
The global shot blasting machine market is expected to expand at a moderate CAGR of 2.7% from 2017 to 2022. In 2017, the global market size was US$ 1,0219 billion. In the subsequent years from 2017 to 2022, the market experienced significant growth and is expected to reach US$ 1,170.2 million in 2022.
Rapid urbanization and increasing number of infrastructure projects are expected to boost the market growth during the forecast period. These machines are widely used in automobile manufacturing. Growing demand from the automobile industry is expected to drive the market. Increasing investment in research and development by established manufacturers is expected to create opportunities for the market growth. Manufacturers are launching innovative machines to meet the needs of end users. This, in turn, is likely to continue to drive the market growth during the forecast period.
Construction and infrastructure development activities are increasing in developing countries. This trend is expected to significantly increase the adoption of shot blasting machines. The automatic shot blasting machine market is likely to witness a surge in demand in the coming years. Residential and commercial construction in Asia Pacific countries such as India is expected to drive the market expansion.
In terms of product type, the wheel hub sandblasting segment is expected to witness phenomenal growth between 2023 and 2033. In 2022, the wheel hub sandblasting segment accounted for a whopping 67.8% market share. The growth is attributed to its higher efficiency than other methods. Hub sandblasting machines can be used with various abrasives such as steel grit, steel shot, and aluminum oxide. This versatility has led to a sharp increase in use in shot blasting, deburring, and cleaning. They are designed for heavy-duty use in end-use industries. Increased automation of wheel hub sandblasting machines may drive the market growth. Also, a wider preference for air blasting is likely to drive the expansion of this segment.
In terms of automation, the semi-automatic segment is expected to account for the largest share of sales during the forecast period. Many small and medium enterprises with limited budgets purchase semi-automatic machines in bulk. The reason is that semi-automatic machines are cheaper than automatic machines. Manufacturers in China and India prefer semi-automatic shot blasting machines. The growing adoption of these machines in the automotive and construction industries will continue to drive sales during the assessment period.
The United States is expected to dominate the North American shot blasting machine market. FMI projects the market to grow at a healthy CAGR during the assessment period. In 2022, the US shot blasting machine market held 15.6% of the global market share. The growth is attributed to rising demand from the aviation industry and the continued growth of residential and commercial projects in the country. Shot blasting machines are used in the aerospace and MRO industries to refurbish jet aircraft, auxiliary power units, and landing gear components. Additionally, the machine reduces abrasive consumption, extends the life of components such as hoses and nozzles, and reduces the need for costly filtration systems. Due to this, the US shot blasting machine market is expected to expand at a significant rate during the assessment period.
According to FMI, demand in the UK is expected to grow at a steady CAGR during the period under review. The UK is a lucrative region for the European shot blasting machine market. In 2022, the UK shot blasting machine market share was 4.0% of the global market. Renowned UK manufacturers are investing heavily in the development of technologies that open up new possibilities for shot blasting machines. The introduction of new products and new technologies has promoted the use of shot blasting machines in various industries, which will accelerate the growth of the market. For example, Rösler Oberflächentechnik GmbH has launched a shot blasting machine designed for fully automatic blast cleaning of various three-dimensional steel weldments. Its main features are its wear-resistant design, high uptime, and low operating costs.
India is expected to be a major growth market in the Asia Pacific region. The Indian shot blasting machine market is expected to account for 6.3% of the global market share in 2022. The growing popularity of electric vehicles and the evolving automobile industry are driving the growth of the Indian market. Rising income levels and accelerated urbanization have driven the market. In addition, increasing construction activities and infrastructure projects are expected to fuel the market growth. Rising investment in innovation and technology is likely to fuel the market growth.
Post time: Nov-18-2024