Sales of the Shot Blasting Machine Market are set to surpass US$ 1,053.4 million by 2028, expanding at a CAGR of 5.1% during 2023-2028

Wilmington, Delaware, Sept. 05, 2023 (GLOBE NEWSWIRE) -- Market Definition, Market Scope, and Report Overview

Global Shot Blasting Machine Market is valued at US$ 820.6 million in 2023 and is expected to grow at a significant CAGR of over 5.1% over the forecast period of 2023-2028, according to the latest market report by RationalStat

Shot blasting equipment is necessary for surface preparation, cleaning, and contamination removal from various materials, including metals, concrete, and others. Surface preparation is essential for maximum performance in industries such as manufacturing, construction, automotive, and aerospace. When compared to previous manual methods, shot blasting machines provide a more efficient and cost-effective means of cleaning and surface treatment.

With the expansion of the manufacturing, construction, and industrial sectors worldwide, there has been an increase in the demand for shot blasting equipment to address the requirement for effective surface preparation.

• According to a deep-dive market assessment by RationalStat, the global shot blasting machine market has been analyzed on the basis of market segments, including on automation, product type, end use, and geography/regions (including North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa, and Asia Pacific). The report also offers global and regional market sizing for the historical period of 2019-2022 and the forecast period of 2023-2028.
• Market intelligence for the global shot blasting machine market covers market sizes on the basis of market value (US$/EUR Million) and volume (Units) by various products/services/equipment, demand assessment across the key regions, customer sentiments, price points, cost structures, margin analysis across the value chain, financial assessments, historical and forecast data, key developments across the industry, import-export data, trade overview, components market by leading companies, etc.
• In addition, the long-term sector and products/services 10-year outlook and its implications on the global shot blasting machine market. It also includes the industry's current state – Production Levels, Capacity Utilization, Tech quotient, etc. Key information will be manufacturing capacity by country, installed base, import volumes, market size, key players, market size, dynamics, market data, insights, etc.

Request A Customization- https://store.rationalstat.com/store/global-shot-blasting-machine-market/#tab-ux_global_tab

Global Shot Blasting Machine Market: Segmental and Market Share Analysis

• On the basis of automation, the automated wheel blasting industry is expected to increase rapidly between 2022 and 2028. In 2022, the wheel blasting sector is estimated to account for 65% of the market.
• On the basis of end use, the automotive segment is likely to dominate the global shot blasting machine market. It commanded a whopping 22% market share. Increased sales of electric vehicles around the world are boosting sales in this area.

Report Synopsis

Report Metrics	Details
Base Year	2022
Forecast Period	2023-2028
Base Year Market Size	US$ 820.6 million
Market Size Forecast	US$ 1,053.4 million
Growth Rate	5.1%
Key Market Drivers	Increasing Adoption of Remote Diagnostic Systems Growing Incorporation of Cutting-edge Technologies
Companies Profiled	SIAPRO Graco Inc. Sintokogio Ltd. Goff Inc Norican Group Rosler Oberflachentechnik GmbH Shandong Kaitai Shot-blasting Machinery Co. Ltd PangbornGroup AGTOS GmbH

Download Key Insights and Market Data- https://store.rationalstat.com/store/global-shot-blasting-machine-market/#tab-ux_global_tab

Competition Analysis and Market Structure

These players adopt various strategies in order to reinforce their market share and gain a competitive edge over other competitors in the market. Mergers & acquisitions, partnerships and collaborations, and product launches are some of the strategies followed by industry players. Some of the key developments in the global shot blasting machine market include,

• In January 2022, Rosler Oberflachentechnik GmbH created a new shot blast machine outfitted with two high-performance Gamma 300G turbines, each with 11 kW of installed power.
• In December 2021, In Germany, GPAINNOVA installed DLyte PRO500 in Rosler's Customer Experience Centre. With this acquisition, Rosler now has access to the most modern, adaptable, and powerful dry electropolishing machine available in Germany.

Some of the prominent players and suppliers operating and contributing significantly to the global shot blasting machine market growth include SIAPRO, Graco Inc., Sintokogio Ltd., Goff Inc, Norican Group, Rosler Oberflachentechnik GmbH, Shandong Kaitai Shot-blasting Machinery Co. Ltd, PangbornGroup, AGTOS GmbH among others.

Get A Free Sample- https://store.rationalstat.com/store/global-shot-blasting-machine-market/#tab-ux_global_tab

RationalStat has segmented the global shot blasting machine market based on automation, product type, end use, and region

• Global Shot Blasting Machine Market Value (US$ Million), Volume (Units), and Market Share (2019-2028) Analysis by Automation  
  • Semi-automatic
  • Automatic
• Global Shot Blasting Machine Market Value (US$ Million), Volume (Units), and Market Share (2019-2028) Analysis by Product Type
  • Wheel Blasting
    • Hanger Type
    • Roller Conveyor
    • Tumblast
  • Air Blasting
    • Cabinet Type
    • Table Type
    • Frame Type
    • Others
• Global Shot Blasting Machine Market Value (US$ Million), Volume (Units), and Market Share (2019-2028) Analysis by End Use
  • Foundry
  • Construction
  • Automotive
  • Ship Building
  • Aerospace
  • Rail
  • Others
• Global Shot Blasting Machine Market Value (US$ Million), Volume (Units), and Market Share (2019-2028) Analysis by Region
  • North America Shot Blasting Machine Market
    • US
    • Canada
  • Latin America Shot Blasting Machine Market
    • Brazil
    • Mexico
    • Rest of Latin America
  • Western Europe Shot Blasting Machine Market
    • Germany
    • UK
    • France
    • Spain
    • Italy
    • Benelux
    • Nordic
    • Rest of Western Europe
  • Eastern Europe Shot Blasting Machine Market
    • Russia
    • Poland
    • Hungary
    • Other CIS Countries
    • Rest of Eastern Europe
  • Asia Pacific Shot Blasting Machine Market
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • ASEAN
      • Indonesia
      • Thailand
      • Philippines
      • Vietnam
      • Malaysia
      • Rest of ASEAN
    • Rest of Asia Pacific
  • Middle East & Africa Shot Blasting Machine Market
    • GCC
      • Saudi Arabia (KSA)
      • United Arab Emirates (UAE)
      • Rest of the GCC
    • South Africa
    • Nigeria
    • Turkey
    • Rest of the Middle East & Africa

For more information about this report- https://store.rationalstat.com/store/global-shot-blasting-machine-market

Key Questions Answered in the Shot Blasting Machine Report:

• What will be the market value of the global shot blasting machine market by 2028?
• What is the market size of the global shot blasting machine market?
• What are the market drivers of the global shot blasting machine market?
• What are the key trends in the global shot blasting machine market?
• Which is the leading region in the global shot blasting machine market?
• What are the major companies operating in the global shot blasting machine market?
• What are the market shares by key segments in the global shot blasting machine market?  

Explore Our Trending Reports

• India Mechanical, Electrical, and Plumbing (MEP) Market- The India MEP market is expected to garner significant revenue by the end of 2023 and is poised to grow with a CAGR of 5.7% from 2023-2030.
• North America Mechanical, Electrical, and Plumbing (MEP) Market- The North America MEP market is expected to garner significant revenue by the end of 2023 and is poised to grow with a CAGR of 5.2% from 2023-2030.
• Global Mechanical, Electrical, and Plumbing (MEP) Market- The global MEP market is expected to reach US$ 65.7 billion by the end of 2023 and is poised to grow with a CAGR of 5.5% from 2023-2030.
• Global Aerial Work Platform (AWP) Market- Global Aerial Work Platform (AWP) Market is expected to grow at a CAGR of 8.9% over the forecast period of 2022-2028
• Global Centrifugal Pumps Market- Global Centrifugal Pumps Market is expected to grow at a CAGR of 5.4% over the forecast period of 2022-2028.
• Global Turboexpander Market- Global turboexpander market is estimated to witness a moderate growth rate of around 5.5% during the forecast period of 2023–2028 and was valued at around US$ 670 million in 2022.
• Global Oxygen Gas Analyzer Market- Global Oxygen Gas Analyzer Market is expected to grow at a CAGR of 5.2% over the forecast period of 2022-2028.
• Global Crossbelt Sorters Market- global Crossbelt Sorters Market is expected to grow at a CAGR of 8.4% over the forecast period of 2022-2028.
• Global Solar Module Production Equipment Market- Global Solar Module Production Equipment Market is expected to grow at a significant CAGR of 10.8% over the forecast period of 2022-2028.
• Global Thermoelectric Modules Market-Global thermoelectric module market was US$ 720 million in 2021 and is estimated to witness strong growth of more than 8% during the forecast period of 2022-2028.

Research Methodology

RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts’ viewpoint to create a research methodology for market sizing and forecasting.

RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:

• Defining the problem by understanding the type of market and data required by the client.
• Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
• Formulating a hypothesis to create market numbers, forecasts, influencing factors, and their relevance.
• Evaluating and analyzing the data by referring to data sources utilized and leveraged.
• Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.

Get Survey Analysis and Stakeholder Opinions - Raise a Query

About RationalStat LLC                    

RationalStat is an end-to-end global market intelligence and consulting company that provides comprehensive market research reports, customized strategy, and consulting studies. The company has sales offices in India, Mexico, and the US to support global and diversified businesses. The company has over 80 consultants and industry experts, developing more than 850 market research and industry reports for its report store annually.

RationalStat has strategic partnerships with leading data analytics and consumer research companies to cater to the client’s needs. Additional services offered by the company include consumer research, country reports, risk reports, valuations and advisory, financial research, due diligence, procurement and supply chain research, data analytics, and analytical dashboards.

Contact

RationalStat LLC

Kimberly Shaw,

Content and Press Manager

sales@rationalstat.com

US Phone: +1 302 803 5429

UK Phone:  +44 203-287-1245

LinkedIn | Facebook | Twitter | Instagram | Pinterest