PUBLISHER: Allied Market Research | PRODUCT CODE: 1266485
PUBLISHER: Allied Market Research | PRODUCT CODE: 1266485
The global automatic shot blasting market was valued at $753.3 million in 2021, and is projected to reach $1,196.7 million by 2031, registering a CAGR of 4.63% from 2022 to 2031.
The process of automatic shot blasting involves bombarding the product surface with steel, silicon carbide, and other abrasive materials. This process is utilized to clean the surface by removing corrosion, mill scale, and other contaminants that might shorten the lifespan of the product. In addition,PLC and software installation of a shot blasting machine allow for full automation of the process.
Several industries require high-quality finishing supplies. The demand for various construction materials has increased with the growth in population of the world. The development of the infrastructure required for affordable housing is a priority for several governments.
According to the Association of Equipment Manufacturers, the residential sector was anticipated to make a significant contribution to forecasted 4.5% value growth in 2022 of the construction industry. The need for heavy construction equipment may increase as construction activity rises in both developed and developing nations. In addition, Original Equipment Manufacturers (OEMs) and aftermarket sales companies in the car sector employ automatic shot blasting devices to strengthen, polish, and clean various metal surfaces. Corrosion is a big problem in the automotive sector. It has a negative impact on the physical characteristics of numerous parts, including strength.
Shot blasting may smooth surfaces up to 75% faster than other methods. It is projected that rise in corrosion-related issues may accelerate the market growth for automatic shot blasting machines in the near future. Steel and silicon are widely employed in the creation of automatic shot blasting equipment due to their high strength. As a result, market participants find it difficult to sustain profitability and create budgets when the price of silicon and steel fluctuates.
Every industrial machine is developed, as industrial technology develops and expands. For instance, in March 2022 Wheelabrator unveiled a brand-new digital tool that tracks and displays overall performance of a shot-blast machine. It aids operators in identifying issues and obstacles that prohibit blast machines from performing at their best. Fabricators can now execute several tasks using a single piece of equipment thanks to this. It is anticipated that these technological advancements would open up profitable opportunities for the development of automatic shot blasting machinery.
The automatic shot blasting machines market is segmented on the basis of product type, business type, end-user industry, and region. On the basis of product type, the market is divided into hanger type, tumblast machine, continuous through-feed, rotary table, and others. On the basis of business type, the market is bifurcated into new sales , and aftermarket. On the basis of end-user industry, the market is divided into construction, automotive, metalworking, aerospace, shipbuilding, and others.
On the basis of region, the automatic shot blasting machines market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (the UK, France, Germany, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
The major players profiled in the automatic shot blasting machines include AGTOS GmbH., Blastclean System Pvt. Ltd, Goff Inc., Norican Group, Qingdao Qinggong Machinery Co. Ltd., Rosler Oberflachentechnik GmbH, SINTOKOGIO LTD., STEM d.o.o., Siapro d.o.o., Shandong Kaitai Group Co. Major companies in the market have adopted product launch, acquisition, and partnership as their key developmental strategies to offer better products and services to customers in the automatic shot blasting machines market.